2,800 Sq. Ft.
$786 / Sq. Ft.
2,800
Sq. Ft.
$786
per Sq. Ft.

Description

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...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.
  1. Listed by Debbie Reed • RE/MAX Realty Group Rehoboth
    P: (302)-227-3818 debbie@debbiereed.com
  2. Listed by Brooke Martin • RE/MAX Realty Group Rehoboth
    P: (302)-299-6569 brooke@debbiereed.com

Property Details for 120 Read Avenue

Tax ID Number
334-20.18-109.00
Ownership
Fee Simple
Condo Coop Association
No
HOA
No
Structure Type
Detached
Style
Coastal
Levels/Stories
2
Waterfront
No
LISTING UPDATED: 02/19/2026 04:01 PM

Property Details for 120 Read Avenue

StatusActive Under Contract
MLS #DESU2104788
Days on Market5
Taxes$2,487 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Fee Simple
Year Built2015
Lot Size0.14 AC / 6,098 SF
CountySussex County

Location

Listing Courtesy of RE/MAX Realty Group Rehoboth
Add your commute

Building Information for 120 Read Avenue

Stories2Year Built2015Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$10,930 per month

30 year fixed, 6.15% Interest

Principal and Interest

$10,722

Property Taxes

$207

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 120 Read Avenue

Location
Location
  • In City Limits: Yes
  • School District Name: CAPE HENLOPEN
  • School District County ID: 300200396895
  • SchoolDistrictSource: Listing Agent
  • County: SUSSEX
  • MLS Area: Lewes Rehoboth Hundred (31009)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: Yes
  • Water Access: No
  • Water Oriented: Yes
  • Navigable Water: No
  • Tidal Water: No
  • Water Body Type: Bay
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Senior Community: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • County Tax: $178
  • City Town Tax: $300
  • Zoning: TN
  • School Tax: $2,009
  • Automatically Update Tax Values Y/N: Yes
Rooms
Main
  • # Bedrooms Count Main Level: 0
  • # Bathrooms Count Main Level: 0
  • # Bathrooms Full Main Level: 0
All Upper Levels
  • # Bedrooms Count All Upper Levels: 5
  • # Bathrooms Count All Upper Levels: 4
  • # Bathrooms Full All Upper Levels: 3
  • # Bathrooms Half All Upper Levels: 1
Upper Level 1
  • # Bedrooms Count Upper Level: 4
  • # Bathrooms Count Upper Level: 3
  • # Bathrooms Full Upper Level: 3
Upper Level 2
  • # Bedrooms Count Upper Level: 1
  • # Bathrooms Count Upper Level: 1
  • # Bathrooms Half Upper Level: 1
Rooms
  • Room List: Living Room, Primary Bedroom, Kitchen, Workshop, Additional Bedroom
  • Stories: Main, Upper 1, Upper 2
Rooms Information
Room 1
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Exists: Yes
Room 2
  • Room Type: Additional Bedroom
  • Room Level: Main
  • Room Exists: Yes
Room 3
  • Room Type: Kitchen
  • Room Level: Main
  • Room Exists: Yes
Room 4
  • Room Type: Workshop
  • Room Level: Unspecified
  • Room Exists: Yes
Room 5
  • Room Type: Living Room
  • Room Level: Main
  • Room Exists: Yes
Building Info
Building Info
  • Total Finished SQFT: 2,800.00
  • Total Finished SQFT Source: Estimated
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 50.00 x 125.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Cleared
  • Location Type: Bayblock
  • Parcel ID: 5204616
Parking
Parking
  • Type Of Parking: Off Street, Driveway
  • Parking Features: Stone Driveway
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: Elevator
Exterior Features
Exterior Features
  • Pool: Yes - Personal
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office

Property History for 120 Read Avenue

DateEvent & SourcePriceAppreciation
Feb 14, 2026

Active Under Contract

BRIGHT #DESU2104788

Feb 10, 2026

Listed (Active)

BRIGHT #DESU2104788

$2,200,000
Dec 1, 2025

Withdrawn

BRIGHT #DESU2088218

Nov 12, 2025

Price Change

BRIGHT #DESU2088218

$2,600,000
Sep 3, 2025

Price Change

BRIGHT #DESU2088218

$2,850,000
Sep 3, 2025

Listed (Active)

BRIGHT #DESU2088218

Jul 22, 2025

Withdrawn

BRIGHT #DESU2088218

Jun 8, 2025

Listed (Active)

BRIGHT #DESU2088218

$3,195,000
Sep 14, 2018

Closed

BRIGHT #1001570184

$625,000
May 28, 2018

Pending

BRIGHT #1001570184

Feb 8, 2018

Listed (Active)

BRIGHT #1001570184

$750,000
Aug 27, 2014

Closed (Public Record)

Public Record #434768962

$450,000
DateEvent & SourcePrice
02/14/2026

Active Under Contract

BRIGHT #DESU2104788

02/10/2026

Listed (Active)

BRIGHT #DESU2104788

$2,200,000
12/01/2025

Withdrawn

BRIGHT #DESU2088218

11/12/2025

Price Change

BRIGHT #DESU2088218

$2,600,000
09/03/2025

Price Change

BRIGHT #DESU2088218

$2,850,000
09/03/2025

Listed (Active)

BRIGHT #DESU2088218

07/22/2025

Withdrawn

BRIGHT #DESU2088218

06/08/2025

Listed (Active)

BRIGHT #DESU2088218

$3,195,000
09/14/2018

Closed

BRIGHT #1001570184

$625,000
05/28/2018

Pending

BRIGHT #1001570184

02/08/2018

Listed (Active)

BRIGHT #1001570184

$750,000
08/27/2014

Closed (Public Record)

Public Record #434768962

$450,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 120 Read Avenue

Taxable ValueLand$8,750Additions$36,050Total$44,800
Tax Record2025$3,390 ($283 / month)
Home Facts
Total Finished SqFt2,080 SqFtAbove Grade Finished SqFt2,080 SqFtStories2Lot Size6,251 SqFtStyleMulti-Family Res (5+ Units)Year Built2015ZoningTNCountySUSSEXAPN334-20.18-109.00

Schools near 120 Read Avenue

This home is within Cape Henlopen School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Rehoboth Elementary School
PublicK to 5

Mariner Middle School
Public6 to 8

Cape Henlopen High School
Public9 to 12

Sussex Consortium
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX Realty Group Rehoboth

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.