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8 Olive Ave APT 102, Rehoboth Beach, DE, 19971

0beds
1baths
0sqft
$599,900
--price/sqft
$3,684/moest. monthly cost
$147,360/yrincome needed

About This Home

This luxury first floor condo blends effortless beachside living with elevated comfort. Just one breath from the Atlantic Ocean, where the rhythm of the waves sets the pace of your day, 8 Olive Avenue #102 emerges as a rare coastal jewel—an elegant, fully furnished retreat carved into the heart of Rehoboth Beach’s most coveted ocean block. Step inside and feel the world soften. Sunlight drifts across new LVP floors, illuminating a serene palette of fresh paint and a beautifully updated white‑on‑white kitchen with granite countertops. The open layout flows with effortless grace, creating a sanctuary designed for both quiet mornings and glamorous summer evenings. Beyond the glass doors, your private patio becomes an extension of the living space—a secluded outdoor lounge where ocean breezes whisper through the air and the glow of the boardwalk lights dances in the distance. With direct access from both the living area and sleeping quarters, this is indoor‑outdoor living at its most indulgent. The building itself enhances the resort‑style experience with secure entry, on‑site management, a serene courtyard with koi pond, outdoor shower and bath facilities, and direct elevator access to the parking garage and laundry level. Residents also enjoy exclusive access to what is widely regarded as Rehoboth’s best rooftop patio and pool, offering panoramic views of the ocean, boardwalk, and vibrant downtown skyline. With no steps, convenient dual access (lobby or patio), pet‑friendly policies, and a location less than 1,000 feet from the sand, this residence delivers the ultimate blend of luxury, convenience, and coastal charm—ideal as a refined beach retreat or high‑demand rental investment.

Getting Around

62
WalkingSomewhat Walkable
0
TransitVery Limited Transit
57
BikeBikeable

Schools

8/10
7/10
Beacon Middle SchoolGrades 6-83.9 mi
8/10
Cape Henlopen High SchoolGrades 9-124.7 mi

Construction

Condition

  • Property condition: Excellent
  • Year built: 1970

Materials

  • Construction materials: Brick,Concrete

Notable Dates

  • Major remodel year: 2020

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Electric Water Heater
  • Laundry features: Common Area,Shared

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Features

  • Combination Dining/Living,Dining Area,Efficiency,Entry Level Bedroom,Flat,Open Floorplan,Studio,Upgraded Countertops
  • Flooring: Laminate
  • Finished area below ground: 0
  • Finished area above ground: 0

Heating & Cooling

  • Heating features: Forced Air,Heat Pump,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 0

Property

Accessibility

  • Accessibility features: Accessible Entrance,No Stairs

Details

  • Parcel number: 33414.1431.00102
  • Attached to another structure: Yes
  • Zoning: TN
  • Special condition: Standard
  • Exclusions: Candlesticks And Some Table Decor,Some Artwork

Features

  • Levels: One
  • Stories: 1
  • Pool features: Community
  • Patio & porch: Patio
  • Exterior features: Outdoor Shower
  • Waterfront features: Oceanblock,Ocean

Lot

  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 1
  • Parking features: Basement,Garage Door Opener,Permit Included,Secured,Garage,On Street
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Hurricane
    HurricaneRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Cold Wave
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across Delaware Counties

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,033$36,396
Home Insurance *$215$2,580
Property Taxes $185$2,220
Electricity $251$3,021
Total$3,684$44,208
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$126,308/yr
40% on housing$110,520/yr
45% on housing$98,240/yr

Delaware FAIR Plan Programs

Insurance Placement Facility of Delaware

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,170Commercial: 57
Total Premiums$607,000
Total Exposure$249.53M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.6%
5.6%
0%30.0%
Electricity Growth Rate10-year average: 8.7%
8.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 19971$374
Sussex County$247

vs Homes Sold Last Month

Median $/sqft

ZIP 19971
Sussex County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-02Price change$599,900
2026-06-11Listed for sale$549,900
2026-03-14Listing removed$599,900
2026-02-07Listed for sale$599,900
2025-11-15Listing removed$549,900
2025-09-03Price change$549,900
2025-07-23Price change$529,900
2025-07-09Listed for sale$525,000
2025-07-01Listing removed$519,900
2025-06-24Price change$519,900
2025-06-18Price change$525,000
2025-06-12Price change$529,900
2025-05-29Price change$539,900
2025-05-17Listed for sale$550,000
2024-09-24Listing removed$599,900
2024-09-07Price change$599,900
2024-05-28Price change$579,900
2024-05-23Price change$589,900
2024-05-20Price change$595,000
2024-05-01Listed for sale$599,999
2024-02-01Listing removed--
2024-01-31Price change$650,000
2023-12-13Price change$629,999
2023-11-30Price change$639,999
2023-11-20Listed for sale$649,999
2021-09-17Sold$400,000
2019-06-04Sold$315,900

For Sale by Agent

AgentAndy Whitescarver
BrokerageRE/MAX Realty Group Rehoboth

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