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Dewey Beach 19971
124 JERSEY STREET
$2,500,000
● House - Off Market

124 JERSEY STREET

DEWEY BEACH, DE 19971
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,080 Ft²
$12,718
Est. Monthly

About This Property

Imagine stepping back into the golden era of beach living at 124 Jersey Street-an exceptionally rare Fee Simple opportunity in Rehoboth by the Sea just two blocks from the ocean.

Originally built as a quintessential North Dewey beach retreat, this classic 3-bedroom, 2-bath Windjammer cottage has been thoughtfully improved while preserving its authentic coastal character. In 2021, the property underwent significant structural enhancements, including lifting of the home by East Coast Structural to allow for the addition of a full foundation and insulated crawlspace. Major infrastructure improvements were completed at that time, including new plumbing, updated electrical systems, ductless mini-split HVAC, new siding and upgraded insulation-capital improvements that provide both peace of mind and long-term durability.

The home is further complemented by its distinctive and durable red metal roof, adding both architectural charm and practical longevity to this timeless coastal property.

Inside, the home features an inviting, airy layout designed for relaxed coastal living, with numerous gathering spaces ideal for entertaining after a day on the beach. The kitchen has been updated with new appliances and countertops, while outdoor spaces include spacious decking, dramatic lighting, lush landscaping, and multiple entertaining areas perfect for summer evenings, morning coffee, or casual gatherings with friends and family.

In a community largely comprised of land lease properties, fee-simple opportunities within Rehoboth by the Sea are limited and rarely available, providing long-term security, flexibility, and freedom from annual ground rent.  Ideally located just steps from the beach and Dewey Beach's vibrant dining, nightlife, and coastal attractions.  Take a walk to local favorites like the Starboard, Bottle & Cork, or Woody's for their famous crabcakes. Downtown Rehoboth's boutique shopping and award-winning restaurants-including Back Porch Cafe, Fable, and Henlopen Oyster House-are just a mile away. Park the car, hop on a bike, or catch the Jolly Trolley and enjoy the best of coastal living.

Whether enjoyed as a nostalgic personal retreat, income-producing rental, or strategic long-term investment, the property offers compelling future potential in one of coastal Delaware's most sought-after beach communities.
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$2,360
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
-

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Last updated: 5 months ago (Bright MLS #DESU2108504)

Price History

Date / Event Date Event Price
Jun 15, 2026 Sold
Sold
Apr 19, 2026 In contract -
In contract
Apr 8, 2026 Listed by Monument Sotheby's International Realty $2,549,000
Listed by Monument Sotheby's International Realty
Feb 9, 2022 Sold
Sold

Property Highlights


Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEWEY BEACH
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: RS
  • Legal Description 1: JERSEY ST. W1/2 LOTS 15 16 BLK 26 R.B.T.S

Neighborhood

  • School District Name: Cape Henlopen School District
  • School Tax School District: CAPE HENLOPEN
  • Census Tract: 051102

Zoning

  • Zoning: TN

Geography

  • District: CAPE HENLOPE
  • Parcel: 334-20.10-158.00
  • Block: 26
  • Lot: 15-16
  • Municipality: 19971
  • Latitude: 38.7009
  • Longitude: -75.0783

    Address

  • Full Address: 124 Jersey St
  • Address - House Number: 124
  • Address - Street Name: Jersey
  • Address - Suffix Type: St
  • State: DE
  • City Name: Dewey Beach
  • Carrier Code: C009
  • 4-Digit Zip Code: 3406
  • Zip Code: 19971

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $127,146
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2273
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 68
  • Final Value: 736,433
  • High Value: 903,869
  • Low Value: 568,997

    Market Valuation

  • Market Total Value: $38,700
  • Market Land Value: $20,000
  • Market Improvement Value: $18,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,000
  • Assessed Land Value: $10,000

    Sales

  • Current Sale Contract Date: Feb 07, 2022
  • Current Sale Recording Date: Feb 09, 2022
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7196
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Dewey Beach


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Nearby Rentals

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  • 1 Bath
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168 Columbia Avenue #D, REHOBOTH BEACH, DE, 19971 Listing by Walt D. Cassel
Unit for rent at 1 Virginia Avenue, REHOBOTH BEACH, DE, 19971

$1,712 /mo

  • 2 Beds
  • 1 Bath
  • 712 ft²
1 Virginia Avenue #201, REHOBOTH BEACH, DE, 19971 Listing by Brittany McCunney
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


Frequently Asked Questions

When was property at 124 Jersey Street built and last sold?
The property at 124 Jersey Street was built in and last sold on Feb 7, 2022 for $38,700.
How much is this home worth?
The estimated value of the home located at 124 Jersey Street is $0.
What are some comparable homes to 124 Jersey Street?
There are currently no comparable homes to 124 Jersey Street.