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    500 Cascade Ln, Unit 522 Rehoboth Beach, DE 19971

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    For Sale
    $359,900

    Well-maintained 2BR, 2BA condo with rental potential near beaches.

    Building Details

    Year built
    2002

    Source: Jack Lingo - Rehoboth Agent RANDY MASON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Furnished Condo in Creekwood Community

    This furnished condo is located on the third floor within the Creekwood community, offering convenient access to shopping, dining, Cape Henlopen State Park, the boardwalk, and the Wolfe Neck Breakwater Trail. The 2-bedroom, 2-bathroom home features bamboo flooring and a bright, open living area. The primary bedroom includes a walk-in closet and an en-suite bathroom. Updates include a new roof, new windows, a new electric stove, a new dishwasher, and a new hot water heater. Additional features include a private, screened-in porch with a wooded pond view, in-unit laundry, and access to a community pool. The property is situated east of Route 1, between Rehoboth and Lewes beaches, offering rental potential. It can serve as a full-time residence, a weekend getaway, or an investment property.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rehoboth Beach
    County
    Sussex
    State
    Delaware
    Longitude
    -75.1267528
    Latitude
    38.7281521

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 2BR, 2BA condo with rental potential near beaches.
    Where is this apartment building located?
    The property is located at 500 Cascade Ln, Unit 522 Rehoboth Beach, DE.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: - Prime Location: East of Route 1, between Rehoboth and Lewes beaches, with easy access to shopping, dining and Cape Henlopen State Park.; - Turnkey Furnished Condo: Well-maintained, furnished 2BR/2BA unit ready for immediate occupancy or rental.; - Recent Updates: New roof, windows, electric stove, dishwasher, and hot water heater.
    (302) 236-1142
    Request Owner's contact information
    500 Cascade Ln, Unit 522 Rehoboth Beach, DE 19971
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    Rehoboth Beach, DE 19971
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Cascade Ln, Unit 522 Rehoboth Beach, DE 19971
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