When was property at 120 Read Avenue built and last sold?

The property at 120 Read Avenue was built in 2015 and last sold on Aug 27, 2014 for $450,000.

How much is this home worth?

The estimated value of the home located at 120 Read Avenue is $0.

What are some comparable homes to 120 Read Avenue?

There are currently no comparable homes to 120 Read Avenue.

Dewey Beach

19971

120 READ AVENUE

$2,200,000

● House - Off Market

120 READ AVENUE

DEWEY BEACH, DE 19971

5 Beds

3 Baths, 1 Half Bath

2,800 Ft²

$11,010

Est. Monthly

About This Property

This 5-bedroom bay block stunner with elevator is made for year-round memories, from sunny days to crisp fall weekends and everything in between. Just one block to the ocean, a half block to the bay, and packed with everything you need for serious fun in the sun. Bring the crew. There's room for everyone. Lounge by your private pool with river jets for swimming, hop on your bike to the beach, or grab the boat from the nearby marina. Start with cocktails at your private outdoor bar, fire up the grill for a backyard BBQ, and enjoy the game area before heading to the pool. Take in the sunset from the upper deck, sip your morning coffee on the deck off the primary suite, or unwind on the second deck just off the family room. There's plenty of storage for bikes and beach gear, sun decks to soak in the Dewey vibe, and space to spread out. Prime location to access the bay for kayaking, paddle boarding, and most all of your favorite water sports. Thinking investment? This home has major rental potential. 120 Reed Avenue is more than a beach house. It's a full-on summer lifestyle that just spells F-U-N.

Unit Size

2,800 Ft²

Days on Market

Land Size

0.14 acres

Price per sqft

$786

Property Type

House

Property Taxes

$207

HOA Dues

Year Built

2015

Payment Calculator

Cap Rate Calculator

Last updated: 8 months ago (Bright MLS #DESU2104788)

Price History

Date / Event	Date	Event
Mar 19, 2026	Sold	Premium
Sold
Feb 15, 2026	In contract	-
In contract
Feb 10, 2026	Listed by RE/MAX Realty Group Rehoboth	$2,200,000
Listed by RE/MAX Realty Group Rehoboth
Nov 12, 2025	Price Decreased	$2,600,000 ↓ $250K (8.8%)
Price Decreased
Sep 3, 2025	Price Decreased	$2,850,000 ↓ $345K (10.8%)
Price Decreased
Jun 8, 2025	Listed	$3,195,000
Listed

	This 5-bedroom bay block stunner with elevator is made for year-round memories, from sunny days to crisp fall weekends and everything in between. Just one block to the ocean, a half block to the bay, and packed with everything you need for serious fun in the sun. Bring the crew. There’s room for everyone. Lounge by your private pool with river jets for swimming, hop on your bike to the beach, or grab the boat from the nearby marina. Start with cocktails at your private outdoor bar, fire up the grill for a backyard BBQ, and enjoy the game area before heading to the pool. Take in the sunset from the upper deck, sip your morning coffee on the deck off the primary suite, or unwind on the second deck just off the family room. There’s plenty of storage for bikes and beach gear, sun decks to soak in the Dewey vibe, and space to spread out. Prime location to access the bay for kayaking, paddle boarding, and most all of your favorite water sports. Thinking investment? This home has major rental potential. 120 Reed Avenue is more than a beach house. It’s a full-on summer lifestyle that just spells F-U-N.
Sep 3, 2014	Sold	Premium
Sold

Property Highlights

Air Conditioning

With View

Building Info

Overview

General

Year Built: 2015

Effective Year Built: 2015
Total Rooms: 12
Bedroom Count: 4
Bathroom Count: 4
Partial Bathrooms: 4
Bathroom Plumbing Fixtures: 12
Building Condition: 0
Building Quality: 3
Construction Type: 6
Building Style: 0
Exterior Walls Type: 17
Interior Walls Type: 0
Roof Shape Type: 1
Roof Cover Type: 13
Floor Count: 200
Floor Cover: 11
Basement Type: 9
Basement Area: 0
Garage Type: 7
Garage Square Area: 144
Parking Space Count: 2
Patio Type: 0
Porch Type: 7
Pool Type: 0

Dimensions

Lot Size Square Feet: 6,251

Lot Size Depth Feet: 1,250
Lot Size Frontage Feet: 500
Total Building Area: 2,688
Building Area: 2,688
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 24
Heated Square Feet: 2,688
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: DEWEY BEACH
Land Acres: 0000000144
Standard Land Use Code: 1112
County Land Use Code: RA
Legal Description 1: S/READ AVE

Neighborhood

School District Name: Cape Henlopen School District

School Tax School District: CAPE HENLOPEN
Census Tract: 051103

Zoning

Zoning: TN

Geography

District: CAPE HENLOPE

Parcel: 334-20.18-109.00
Municipality: 19971
Latitude: 38.6914
Longitude: -75.0763

Address

Full Address: 120 Read Ave

Address - House Number: 120
Address - Street Name: Read
Address - Suffix Type: Ave
State: DE
City Name: Dewey Beach
Carrier Code: C005
4-Digit Zip Code: 3206
Zip Code: 19971

Valuation

Tax

Tax Year: 2023

Tax Amount: $252,476

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $89,600

Market Land Value: $17,500
Market Improvement Value: $72,100

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $44,800
Assessed Land Value: $8,750
Assessed Improvements Value: $36,050

Sales

Current Sale Contract Date: Aug 27, 2014

Current Sale Recording Date: Sep 03, 2014
Current Sale Price:

Premium
Current Sale Document Type: 27
Current Sale Input Document Number: 26813

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Financing

First Mortgage Financing Type: VAR

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Dewey Beach

Stats & Trends

Median Asking:

$1,397,500

Sale Price/ft²

$875

Below Asking

0.01%

Average Days on Market

Average Home Size

2044 ft²

Average Home Age

41.1 years

Currently For Sale

16 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 168 Columbia Avenue, REHOBOTH BEACH, DE, 19971

$2,300 /mo

1 Bed
1 Bath
600 ft²

168 Columbia Avenue #D, REHOBOTH BEACH, DE, 19971 Listing by Walt D. Cassel

Unit for rent at 112 Houston Street, DEWEY BEACH, DE, 19971

$3,000 /mo

3 Beds
1 Bath
1,000 ft²

112 Houston Street #B, DEWEY BEACH, DE, 19971 Listing by Corinne Redick

Unit for rent at 31 6th Street, REHOBOTH BEACH, DE, 19971

$2,500 /mo

3 Beds
2 Baths
1,670 ft²

31 6th Street #B, REHOBOTH BEACH, DE, 19971 Listing by Joshua Wilt

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Debbie Reed
RE/MAX Realty Group Rehoboth
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# DESU2104788

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.

120 READ AVENUE

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Dewey Beach

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions