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For fun, I googled Zillow and North Shotes, which is where we always rent. We stayed at this house maybe 8 years ago? Super close to the beach and North Shores is great. Above your budget, though, but great rental income.
We always wanted to buy in RB but ended up on the Eastern Shore. Honestly, if you can stretch a little, I would look in North Shores, Henlopen Acres, and then the Pines for a house. |
| oh, oops. Forgot the link. https://www.zillow.com/homedetails/22-Harbor-Rd-Rehoboth-Beach-DE-19971/126518293_zpid/ |
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Re condos - just really be careful if there's anychance you want ot rent. Ask carefully about bylaws and then ask neighbors if there's any movement to shut down rentals if that matters to you. (or, conversely if it matters the other way and you don't want renters).
There's definitely some movement in pockets of Rehoboth to limit short term rentals. |
North Shores and Henlopen Acres are really nice areas, but you're not getting easy walkability to Rehoboth Ave and the boardwalk. The Pines is a great location for walkability, but OP would likely have to sacrifice property condition and proximity from noisy retail to remain within her $2M budget. I would look at South Rehoboth and get as close to the beach and Rehoboth Ave as possible. Or if you don't mind the noise, then you can find some good deals on Maryland Ave or near there. That area usually goes for a discount due to proximity to noisy retail, but the walkability is great. |
Agree, those are lovely neighborhoods if you're primarily focused on the beach and/or bike trails, but a bit of a hike to restaurants. |
It definitely has better restaurants than OC, but OC wins on restaurants with a view. Rehoboth is without a doubt higher class than OC. I go to both FWIW and like both for different things. |
| You are a fool. You know nothing about being a landlotd there! |
People said the same thing when we bought there in 1985...... |
But then does it still have a kids bob in a family friendly sort of way or is it becoming like Fire Island or Provincetown? |
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The first thing to know is that it'll be under water in the not-too-distant future.
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You realize the gays can also have families, right? |
It will never be the next P-Town or Fire Island. Families are entrenched and it's actually become more family-friendly. Plus lots of the gays have kids now too. Rehoboth has become much more wealthy with more upscale offerings in recent years. That's the big trend you'll see. |
| Fenwick is a treasure. Rehobeth is packed and loud and not what it used to be. Maybe I'm just old but I love peace and quiet and cleanliness. |
Again, was told the same thing in 1985 |
Shhhhh |