22 Cedar Rd, Rehoboth Beach, 19971 $2,395,000

PRICE REDCUED!!! Prime oceanblock real estate in North Shores. Large 75' x 125' wooded lot located just 10 houses from the pristine, private beaches of North Shores. Improved by 3 bedroom, 2 bath home with vaulted ceilings and spacious rear porch. Community recreational facilities include a magnificent pool, tennis courts, clubhouse, marina and security. Private residential setting and yet just a short walk or bike ride to the Rehoboth Boardwalk, many fine restaurants, shopping, Funland, entertainment, Cape Henlopen State Park bike trails, and much more. Rental income of $27,000 in place for summer of 2024. Opportunity to collect rental income while designing and permitting for remodel or new home construction start in the Fall. Excellent candidate for a 1031 exchange. Additional community information available at northshores.net