202 Chesapeake St, Dewey Beach, De 19971

$1,250,000
DESU177260-304491829280-2021-02-26-09-34-46 202 Chesapeake St | Dewey Beach, DE Real Estate For Sale | MLS# Desu177260  - Jack Lingo REALTOR
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DESU177260-304491829242-2021-02-26-09-34-46 202 Chesapeake St | Dewey Beach, DE Real Estate For Sale | MLS# Desu177260  - Jack Lingo REALTOR
DESU177260-304491829261-2021-02-26-09-34-46 202 Chesapeake St | Dewey Beach, DE Real Estate For Sale | MLS# Desu177260  - Jack Lingo REALTOR
5 Bed
3 Bath
1 Hf. Bath
"Chesapeake on Lake Comegys" a waterfront treasure, comes furnished and ready for immediate Lake/Ocean life living! Take in the BEST views from this location! This original cottage is conveniently located between Rehoboth and Dewey Beach and is a hidden gem. The home features a freshly painted living /dining area that overlooks Lake Comegys and is surrounded by nature. Bring in natural light and the sound of the majestic Atlantic in the distance with Lake Comegys as your backdrop. You won't find a better location! Features: Four bedrooms, 2.5 baths, an additional bedroom with private bath and convenient separate entrance on the lover level. Sleeps up to 12 comfortably! There is plenty of space inside and out; watch premier sunrises and evening sunsets every day as soon as you buy! The large, screened porches -a must to enjoy the fabulous views along with comfy seating for lounging after a day on the beach. The outdoor area offers an enclosed but open-to-the-sky outside shower, grill, and dining area on a private deck. Launch a kayak, relax on your pier as you take witness to cranes, egrets, ducks, and more! Create your best memories with friends and family, take advantage of the rental potential ($4,000-week, peak weeks), enjoy the perks of owning a ground lease like this (many tax write offs for renting). Super dog friendly area, especially on the beach. Easy proximity to restaurants and nightlife of downtown Dewey Beach-just a short walk south. Heading north by bike or Trolley ride: for Rehoboth's shops, restaurants and nightlife- the walk is scenic -Silver Lake in downtown Rehoboth, the mile long boardwalk, and more. Booked rentals are: July 17-24th, July 24-31, August 7-21. Highest rate: $4100 week, off season Sept-Nov $2500. Highest potential $50,000 GRI, more if fully renovated. Lease expires in December 31, 2072. 2020 amount: $17,777. Owner does not carry flood insurance; Lender likely to require Flood Insurance. Homeowners is with Williams Insurance agency: $1,227 year.


Agent Information

See more from Tracy Kelley - Jack Lingo Realto Agent

Tracy Kelley

C: 302-542-9610
O: 302-226-6401
tracy@jacklingo.com

Listing courtesy of Jack Lingo - Rehoboth.