8 OLIVE AVENUE #102REHOBOTH BEACH, DE 19971

Condo · 1 Full Bath
$549,900 ACTIVE

8 OLIVE AVENUE #102 Overview

Time on Site:
19 days
Visits:
10

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.

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8 OLIVE AVENUE #102 Facts & Features

  • Type Condo

Details

General

Association/HOA

  • Association Amenities: Elevator, Laundry Facilities, Pool - Outdoor
  • Association Fee 2: 4700.00
  • Association Fee 2 Frequency: Annually
  • Association Fee Includes: Insurance, Pool(s), Reserve Funds, Sewer, Snow Removal, Trash, Water, Ext Bldg Maint, Common Area Maintenance
  • Association: No
  • Condo/Coop Association: Yes

School Information

  • High School: CAPE HENLOPEN

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • Building Name: Patrician Towers
  • New Construction: No
  • Pool: Yes - Community
  • Total SQFT: 0
  • Year Built: 1970

Location/Region

  • Country: US
  • County: SUSSEX
  • County Or Parish: SUSSEX
  • In City Limits: Yes
  • MLS Area Major: Lewes Rehoboth Hundred (31009)
  • Subdivision Name: NONE AVAILABLE

Parking Information

  • Total Parking Spaces: 1
  • Type of Parking: Parking Garage,On Street

Rent/Lease Information

  • Lease Considered: No

Tax Information

  • City/Town Tax: 206.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax: 122.00
  • County Tax Payment Frequency: Annually
  • School Tax: 1416.00
  • School Tax Payment Frequency: Annually
  • Tax Annual Amount: $1,744.00
  • Tax Assessed Value: 10750.00
  • Tax Year: 2024

General Information

  • Exclusions: candlesticks and some table decor, some artwork
  • Furnished: Yes
  • Inclusions: Range, microwave, refrigerator, furniture
  • Municipal Trash: No
  • Property Condition: Excellent
  • Property Type: Residential
  • School District Name: CAPE HENLOPEN
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Vacation Rental: Yes
  • Year Assessed: 2024
  • Zoning: TN

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Electric

Parking Information

  • Garage Features: Basement Garage,Garage Door Opener
  • Garage Spaces: 1.00
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Full Main Level: 1
  • Bathrooms Half: 0
  • Bathrooms Half Main Level: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 0

Building Exterior/Construction

  • Structure Type: Unit/Flat/Apartment

Building Interior

  • Above Grade Finished Area: 0
  • Above Grade Finished Area Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Estimated
  • Below Grade Finished Area Units: Square Feet
  • Central Air: Yes
  • Hot Water: Electric
  • Laundry Type: Common,Shared

General Information

  • Accessibility Features: Level Entry - Main,No Stairs
  • Basement: No
  • Cooling: Central A/C
  • Entry Level: 1
  • Fireplace: No
  • Flooring: Laminate Plank
  • Interior Features: Combination Dining/Living, Dining Area, Efficiency, Entry Level Bedroom, Flat, Floor Plan - Open, Sprinkler System, Studio, Upgraded Countertops
  • Levels: 1
  • Living Area: 0
  • Living Area Source: Estimated
  • Main Level Bathrooms: 1.00
  • Main Level Bedrooms: 0
  • Security Features: Exterior Cameras,Main Entrance Lock,Resident Manager,Security Gate

Unit Information

  • Unit Number: 102

Exterior

Parking Information

  • Parking Features: Permit Included, Secure Parking

Lot Information

  • Lot Dimensions Source: Estimated
  • Water Source: Public

Waterfront/View

  • Water Body Type: Ocean
  • Water Oriented: Yes
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Unit/Flat
  • Construction Materials: Brick, Concrete
  • Patio And Porch Features: Patio(s)

General Information

  • Exterior Features: Outside Shower
  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Water Access: No

8 OLIVE AVENUE #102 Neighborhood

Community

19971 (DEWEY BEACH) Demographics

60
Median Age
501
Population Density (per sq. mile)
58%
College Educated
$75,846
Estimated Median Income
6,346
Estimated Total Home Owners
899
Estimated Total Renters
88% / 12%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

8 OLIVE AVENUE #102 Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

8 OLIVE AVENUE #102 Market Data

Based on the last 30 days in this zip code

$1,148,223
Average List Price
$540
Average Price per Square Foot
51
Properties Sold
104
Average Days on Market
291
Properties for Sale
Calculations provided by Reliance Network

8 OLIVE AVENUE #102 History

Date Event Value Agent
6/11/2026Source: BRIGHT MLS Price Reduction
$549,900 -3.5%
6/10/2026Source: BRIGHT MLS Added to Database
June 10, 2026
12/3/2024Source: BRIGHT MLS Status Change
CLOSED
12/3/2024Source: BRIGHT MLS Added to Database
August 09, 2021
12/3/2024Source: BRIGHT MLS Added to Database
August 10, 2021
Listing provided courtesy of RE/MAX Realty Group Rehoboth- MLS# DESU2113924MLS ProviderContact Information: 3022274800