Introducing 1 Penn Street, a classic oceanfront shingle-style home situated on an oversized double lot in one of the most exclusive areas of South Rehoboth. This property features 100 feet of water frontage along the Atlantic Ocean and is situated just east of Silver Lake, creating the most exceptional water views. Penn Street is a gravel drive at the southern border of the City of Rehoboth Beach, which is a superb location offering the utmost privacy. Beautifully maintained, this home features an inverted floor plan maximizing the unparalleled views. Upon entry, you are greeted by cheerful colors, coastal décor, and hand-painted, ocean-inspired murals throughout. The first level features three generously sized bedrooms complete with en-suite baths, laundry area, and elevator access. Level two includes an updated gourmet kitchen, luxury wet bar with island, built-in entertainment center, dining and living areas overlooking the ocean, half bath, and second laundry room. The third level features two additional bedroom suites complete with private baths and elevator access. Designed with entertaining in mind, 1 Penn’s floor plan flows with ease among indoor and outdoor living spaces. The in-set swimming pool and multi-levels of sun decks allow for an abundance of space to unwind and relax while listening to the gentle roar of the ocean. In addition, this property features a detached two-car garage with separate garage bays, ideal for storage. Above the garage, you will find a wrap-around porch and guest quarters complete with two bedrooms and one bath. The outdoor shower, fenced courtyard, and studio space with a full bath are just added bonuses to this one-of-a-kind oceanfront retreat. In total 1 Penn features seven bedrooms, 7.5 baths, two-car garage, swimming pool, parking for 6+ cars, and much more. A true rarity in Rehoboth Beach!