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Two-Lot Residential Development Land
For Sale
$389,900

502 5TH St, Rehoboth Beach, DE 19971

Two combined lots with an existing home, zoned for manufactured, modular, or stick-built housing; sold as-is.

Property SizeContact for details
Days on Market24

Property Features for 502 5TH St

General Information

Standard status Active
Property subtype Land

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $757
Listing Agency: Keller Williams Realty
Listed By: Cindy J Sakowski · License #RS-0018857
Source: Elliman
Added: Jul 20 Changed: Aug 8 Last Checked: Jul 20 at 2:12AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty

Investment Insights

Based on property information with market context.

This two-lot residential development site includes an existing home situated on both lots. The property offers flexibility for redevelopment, including the ability to re-establish the property line, with the option to remove the existing home and build new construction. The property is being sold as-is.

Located east of Route 1 in Rehoboth Beach, the site does not have an HOA. It is zoned to allow manufactured homes, modular homes, and stick-built construction. Public water and sewer are available, and one of the lots has a well.

As presented, the property can be maintained as-is or reconfigured to suit new build plans within the allowed zoning uses.

Key Highlights

  • Two combined lots with an existing home on the property, sold AS IS
  • Zoned to allow manufactured homes, modular, and stick‑built housing
  • No HOA

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop HVAC Service Barber Shop Butcher Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,010
Businesses Nearby

Demographics for 19971, DE

14,348
Population
16,948
Households
0.8
Avg Household Size
60
Median Age
55%
College-Educated
96%
High-School Grad
18.0 sq mi
ZIP Area
797
Density / Sq Mi
$103,301
Median Household Income
$49,905
Median Earnings
$1,383
Median Rent
$561,300
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Two combined lots with an existing home, zoned for manufactured, modular, or stick-built housing; sold as-is.
Where is this residential land & home lot located?
The property is located at 502 5TH St Rehoboth Beach, DE.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two combined lots with an existing home on the property, sold AS IS; Zoned to allow manufactured homes, modular, and stick‑built housing; No HOA
More about this property
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