Fleming Circle Rehoboth Beach, DE
Front exterior of 20274 Fleming Circle, Rehoboth Beach
For Sale · $749,000

Your Summers,
Funded by Everyone Else's

20274 Fleming Circle · Keys of Marsh Harbor · Rehoboth Beach, DE

A turnkey coastal home in a rental-friendly community — pool and tennis on-site, an easy bike or shuttle to the boardwalk, and summer nights that rent for $400–500. Rent it, use it, or both.

$400–500
Summer / night
~$60K
Projected / year
~6%
Cap rate · all cash
~2 mi
To the beach
The Opportunity

A Rare Rental-Ready Beach Home

Most of what makes a short-term rental profitable — and most of what usually kills the deal — is decided before you ever buy. This one clears the hard parts up front.

Weekly Rentals Are Permitted

The single biggest short-term-rental risk — an HOA or town that bans them — doesn't apply here. Weekly rentals are allowed in the Keys of Marsh Harbor, and Delaware is a famously low-regulation rental market.

Real, Proven Demand

Rehoboth is a drive-to destination for D.C., Baltimore, and Philadelphia. Summer population swells past 25,000, July is the peak, and nightly rates have been climbing as demand outpaces supply.

Tax-Friendly Delaware

No state sales tax draws shoppers to the outlets and boardwalk, and property taxes are strikingly low — a neighboring home in this community paid about $910 a year. More of the rent stays yours.

Live Rental Calculator

Model Your Own Return

Drag the sliders to build your own pro forma — rates and occupancy by season, your management style, and optional financing. Everything updates live. Defaults reflect current Rehoboth market rates.

Peak Summer June – August · 13 weeks max
$0
Nightly rate$450
Weeks booked12
Shoulder May, September, October · 10 weeks max
$0
Nightly rate$300
Weeks booked8
Off-Season November – April · holidays & weekends
$0
Nightly rate$185
Nights booked26
Management who runs the calendar?
Purchase list price $749,000
Down payment25% · $187,250
Interest rate6.5%
Net operating income / year
$0
Peak summer Shoulder Off-season
Projected gross rent$0
Operating costs — taxes, HOA, insurance, utilities, upkeep−$15,600
Net operating income$0
0%
Cap rate
0
Nights booked / yr

Estimates for planning only, not a guarantee of results. Operating costs held at ~$15,600/yr (taxes ~$1,200, HOA ~$3,600, STR insurance ~$2,500, utilities ~$4,800, upkeep ~$3,500 — confirm HOA dues). Guest cleaning fees are typically passed through. Financing assumes a 30-year fixed loan; excludes closing costs. Verify all figures independently.

Market Rates

What Rehoboth Rentals Command

SeasonNightlyPer week
Peak summer Jun – Aug$400–500+$3,000–4,000
Shoulder May, Sep, Oct$250–350$1,800–2,400
Off-season Nov – Apr$150–225$1,000–1,500

Market context: Rehoboth listings average roughly $400/night; condos average about $514 and houses about $883, with June peaking near $726. Strong (top-quartile) properties command $468+ per night.

Location

Close to Everything Guests Want

Tucked in the Keys of Marsh Harbor, just off Route 1 — walk or bike into town, or hop the shuttle that stops right across the street.

Aerial view of the Keys of Marsh Harbor with Rehoboth Bay beyond Keys of Marsh Harbor · Rehoboth Bay beyond
~2
Miles

To the Beach & Boardwalk

A quick drive or an easy bike ride to the mile-long Rehoboth boardwalk and the sand — plus a DART beach shuttle stop across from the community.

~10
Min

To Tanger Outlets

Tax-free shopping at Tanger Outlets on Coastal Highway — reachable by the DART shuttle that stops right across the street.

Walk
/ Bike

To Downtown Rehoboth

Restaurants, breweries, boutiques, and galleries along Rehoboth and Baltimore Avenues — close enough to leave the car at home.

~2
Hours

From D.C., Baltimore & Philly

An easy weekend drive from three major metros — the engine behind Rehoboth's steady summer-long booking demand.

The Community

Resort Amenities,
Handled by the HOA

Pool days and tennis matches without owning a pool or a court — the amenities that fill a booking calendar, maintained for you.

Aerial of the community pool
The community pool
Community tennis courts
Tennis courts
Keys of Marsh Harbor entrance with waterfall
The landscaped entrance
The Home

Turnkey & Low-Maintenance

Single-family condo living in the Keys of Marsh Harbor — the easy-ownership setup that makes renting simple.

Kitchen with island and breakfast nook
Living room with fireplace
Primary suite
3
Bedrooms*
2
Bathrooms*
~1,700
Sq ft*
$749K
List price
Community pool and tennis courts
Open living & dining with fireplace, plus a big back deck for crab feasts
Low-maintenance single-family condo — grounds handled by the HOA
Walk or bike to downtown Rehoboth & the beach; DART shuttle across the street
Weekly rentals permitted — ready to earn from day one

*Bed/bath/size are placeholders drawn from a comparable in this community — replace with the actual figures from your listing.

Things to Do

Why Guests Keep Coming Back

A full-season destination — not just a summer beach town. The more there is to do, the longer the booking calendar stays full.

The Boardwalk

A mile of classic boardwalk dating to 1873 — arcades, saltwater taffy, fries, and festivals all season long.

Funland & Jungle Jim's

Funland's classic rides right on the boardwalk, plus Jungle Jim's water park — the family draw that fills summer weeks.

Tax-Free Shopping

Tanger Outlets and the shops of Rehoboth Avenue — with no Delaware sales tax, shopping is a destination in itself.

Cape Henlopen State Park

5,000+ acres of beaches, dunes, biking, and the Fort Miles WWII history — minutes up the coast.

Junction & Breakwater Trail

Bike the scenic rail-trail all the way to Lewes — one of the Cape Region's most-loved rides, right nearby.

Food & Nightlife

Dogfish Head's original brewpub, a celebrated dining scene, and Dewey Beach nightlife a few minutes south.

Questions

Buyers Usually Ask

Are short-term rentals allowed at 20274 Fleming Circle?+
Yes. Weekly rentals are permitted in the Keys of Marsh Harbor community, and Delaware is a famously low-regulation short-term rental market. Buyers should confirm current HOA rules during due diligence.
How much rental income could it generate?+
Based on Rehoboth market rates — roughly $400–500 per night in peak summer and $250–350 in shoulder season — a typical year projects around $60,000 gross and roughly $44,000 net operating income self-managed, a cap rate near 6% at the list price. Strong operators gross $75K+. Run your own scenario in the live calculator. Estimates, not guarantees.
How far is the home from the beach and boardwalk?+
About two miles — a short drive or easy bike ride to the Rehoboth boardwalk, with a DART beach shuttle stop directly across from the community.
What is the asking price?+
20274 Fleming Circle is offered at $749,000, listed with Monument Sotheby's International Realty. Full details and showings on Zillow.
What amenities does the community include?+
The Keys of Marsh Harbor includes a community pool, tennis courts, and HOA-maintained grounds — resort amenities without the upkeep, which also strengthen the rental listing.
Inquire

Come See the Numbers in Person

Rent it, use it, or both — a turnkey beach home in one of the mid-Atlantic's most in-demand markets, offered at $749,000. Reach out to schedule a showing or request the full rental projection.

Listed with Monument Sotheby's International Realty · full details, agent contact & showings on Zillow
Offered at
$749,000
View Listing