$7,351 Closing Credit¹
#DESU2082638, Debbie Reed, Listing Office: RE/MAX Realty Group Rehoboth
$599,000 List price
8 Olive Ave Unit 205 Rehoboth Beach, DE 19971
$7,113
Closing credit¹
1 bed
1 full
Condo
Property details
About 8 Olive Ave Unit 205
LOCATION, LOCATION, LOCATION! Welcome to Patrician Towers in Rehoboth Beach, DE, where coastal charm meets an unbeatable ocean-block location that truly sets it apart. Just a short distance from the beach and boardwalk, this fully furnished corner unit offers an unparalleled beachside experience. Featuring two balconies and three sets of sliding glass doors, this bright and inviting condo seamlessly blends indoor and outdoor living, perfect for enjoying the coastal breeze and morning coffee. The light-filled living and dining area creates a warm and welcoming space for your dream retreat. Patrician Towers boasts a rooftop pool and sun deck with breathtaking panoramic views of the beach and boardwalk, offering the ultimate escape to relax and unwind. The front courtyard’s tranquil koi pond with seating adds another serene retreat. Additional amenities include covered off-street garage parking, an elevator, on-site management, a laundry room, and outdoor facilities like sand showers and restrooms—all designed for your convenience. With Rehoboth’s renowned restaurants, boutique shops, arcades, and scenic walking and biking trails just minutes away, this condo truly places you at the heart of everything extraordinary. Rental income for 2024 around $17,850 and 2023 rental income around $13,500.
Highlights
Home typeCondominium
HeatingForced Air
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Year built1970
ParkingOff Street
MLS #DESU2075476
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Microwave, Refrigerator, Oven, Electric Range
- Basement: No
- Interior: Combination Dining/Living
- Total Bedroom Count: 1
- Parking: Off Street
- Exterior: Outside Shower, Sidewalks
- Architectural Style: Coastal
- Heating: Forced Air
- Cooling: Central Air
- List Price: $599,000
- Directions: From Rehoboth Ave, slight left on Lake Ave, continue onto Maryland Ave, left on 2nd St, right on Olive Ave, cross over 1st St, building will be on the right.
- Year Built: 1970
- Stories: 1
- MLS Number: DESU2075476
- MLS Name: BRIGHT
- Office Name: Keller Williams Realty Delmarva
- Office Phone: (410) 524-6400
- Office Email: lwbunting@comcast.net
- Listing Agent: Sharon Y Daugherty
- Agent Phone: (410) 430-4004
- Agent Email: sdgclient@outlook.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/16/2025, 4:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$599,000
8 Olive Ave Unit 205
$7,113
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
9
Rehoboth Elementary School
Public District KG-5
0.9 mi
•500 Stockley St
9
Love Creek Elementary School
Public District KG-5
4.0 mi
•19488 John J Williams Hwy
8
Shields (Richard A.) Elementary School
Public District KG-5
5.1 mi
•910 Shields Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $82,955. Residents of Rehoboth Beach, DE typically earn between $35k-100k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
24%
<35k
33%
35k-100k
19%
100k-200k
24%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
50%
Single, No Kids
2%
Single, with Kids
40%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
3%
<11 yrs old
5%
12-17 yrs old
5%
18-34 yrs old
38%
35-64 yrs old
49%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Skiing/snowboarding
Figure Skating
Where do the neighbors shop?
Stein Mart
BJs Wholesale Club
Kmart
Where do the neighbors go to eat?
Cracker Barrel
Bob Evans
Panera
What do the neighbors drive?
Lexus
Lincoln
Infiniti
What do the neighbors listen to?
Oldies
News/Talk/Information
Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Rehoboth Beach, DE
Transportation in Rehoboth Beach includes a mix of private and public options, with local buses serving the area and connecting residents to nearby towns. The town is known for its walkable downtown area, making it easy for residents and visitors to navigate the main attractions on foot. For those commuting by car, Coastal Highway provides a direct route to neighboring cities and attractions. The area is also bike-friendly, with several paths and trails available for cycling enthusiasts.
The community is served by a number of public schools, offering educational opportunities for children of all ages. Healthcare is accessible through local clinics and the nearby Beebe Healthcare, which provides comprehensive medical services. The Rehoboth Beach Public Library serves as a cultural hub, and the town's array of boutique shops and restaurants cater to both local and seasonal populations, reflecting the area's culinary diversity and artistic flair.
Rehoboth Beach is celebrated for its vibrant coastal charm and friendly community atmosphere. The town prides itself on its beautiful beaches, boardwalk, and a variety of shops and eateries that contribute to its character as a beloved summer destination. Annual events like the Rehoboth Beach Independent Film Festival and the Sea Witch Festival reflect the town's cultural identity and draw visitors from across the region.
Rehoboth Beach offers a diverse array of housing options, with a significant portion of the market comprised of single-family homes that feature a mix of contemporary, beach cottage, and colonial architectural styles. Condominiums and townhouses are also prevalent, providing alternatives for those seeking a more communal living experience or lower maintenance properties. The area has seen a steady growth in housing developments, particularly with waterfront and beach-adjacent properties being highly sought after.
About 8 Olive Ave Unit 205
The listing price of 8 Olive Ave Unit 205 property is $599,000.
The property 8 Olive Ave Unit 205 is a condo located in Rehoboth Beach, Delaware, 19971.
Active Listing: 8 Olive Ave Unit 205 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 8 Olive Ave Unit 205 are: Rehoboth Elementary School (GreatSchools Rating 9/10), Love Creek Elementary School (GreatSchools Rating 9/10), Shields (Richard A.) Elementary School (GreatSchools Rating 8/10), Beacon Middle School (GreatSchools Rating 7/10), Mariner Middle School (GreatSchools Rating 5/10), Millsboro Middle School (GreatSchools Rating 3/10), Cape Henlopen High School (GreatSchools Rating 5/10), Indian River High School (GreatSchools Rating 5/10), Sussex Central High School (GreatSchools Rating 3/10).
The property at 8 Olive Ave Unit 205 has 1 bedroom and 1 bathroom.
The sq. ft. of 8 Olive Ave Unit 205 is not available (source: MLS/tax record).
The year of construction for 8 Olive Ave Unit 205 is 1970.
This home is located at 8 Olive Ave Unit 205 in Rehoboth Beach, DE and zip code 19971. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $599,000.
Between March and April 2025, Rehoboth Beach, DE real estate market has seen increase in the number of listings by 52%. The median list price of listings available in April 2025 was $825,000, while the average time on the real estate market was 86 days.
From Rocket Homes Real Estate and based on county public records data.