103 Lakeside Dr, Lewes, DE 19958

$359,900
3
BD
3
BA
1,536
SqFt

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List Price
$359,900
Status
ACTIVE UNDER CONTRACT
MLS#
DESU2112800
Bedrooms
3
Bathrooms
3
Full Baths
3
Living Area
1,536
Lot Size (Acres)
0.06
Style
Traditional
Year Built
2002
County
Sussex
School District
Cape Henlopen

Property Description

Welcome to 103 Lakeside Drive in the desirable Plantations East community of Lewes, Delaware. This well-maintained property presents an exceptional opportunity for investors, future retirees, second-home buyers, or anyone looking to secure a beach-area property before they are ready to move. Currently tenant-occupied through December 31, 2026, with rental income of $1,950 per month, this home offers immediate income-producing potential with a tenant already in place. It is also an excellent option for buyers seeking a 1031 Exchange replacement property, allowing investors to continue building wealth while benefiting from steady rental income. Plantations East is known for its scenic ponds, walking trails, mature landscaping, and peaceful setting, all while being conveniently located near the area's most popular attractions. Enjoy easy access to Lewes and Rehoboth Beach, shopping, dining, golf courses, entertainment, and everyday conveniences. Beebe Healthcare and other medical facilities are just minutes away. The community's central location provides convenient access throughout the coastal region while helping residents navigate around much of the seasonal beach traffic. Nearby state parks, biking trails, boating, fishing, and outdoor recreation make this an ideal location for both year-round living and vacation enjoyment. Whether you're looking for a turnkey investment property, a future retirement residence, a second home at the Delaware beaches, or a property suitable for a 1031 Exchange, 103 Lakeside Drive offers flexibility, income potential, and a highly desirable location close to everything coastal Delaware has to offer.

Additional Information

Area
Lewes Rehoboth Hundred (31009)
Subdivision
Plantations East
Building Name
None Available
HOA Fee
$350
Interior Features
Some Carpeting, Ceiling Fans, Dining Combo, Entry Level Bedroom, Family Room Off Kitchen, Open Floor Plan, Pantry, Bath in Primary Bedroom, Upgraded Countertops, Walk-In Closet(s), Other
School District
Cape Henlopen
High School
Cape Henlopen
Fireplaces
1
Flooring
Carpet, Vinyl
Exterior Features
Street Lights
Heating
Forced Air
Cooling
Central Air
Roof
Architectural
Utilities
Cable Available, Phone Available, Sewer Available, Water Available
Water
Public
Sewer
Public Sewer

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty. Contact: