The Delaware town’s real-estate market saw a surge in homes sold for $1 million and up between July and November 2020Mike Morgan for The Wall Street Journalof Washington, D.C., has spent the pandemic in a townhouse he owns in Rehoboth Beach, Del. Living there full time has made one thing clear: He will retire to the town.
“It’s a very livable kind of community,” said Mr. Fasano, 72 years old, president of a consulting business. “It’s an easy drive—or, for that matter, walk—to downtown Rehoboth, which has lots of nice bars and restaurants.” His retirement home, however, will be a new one. In September, he bought a four-bedroom, 2½-bathroom, 1,250-square-foot house on a lot, just over a quarter-acre, for $1.2 million. It also is in the town’s prestigious North Shores neighborhood, a short walk from his townhouse.
It is the same area where President Biden owns a home. The president paid $2.7 million in 2017 for his family’s six-bedroom, 5½-bathroom, 4,700-square-foot house. Mr. Fasano plans to tear down his non-winterized house and rebuild once he settles on what he wants in his next home—it has to be larger, with an elevator and possibly a pool, he said—and what he wants to do with his townhouse.
I doubt seriously if DE is the “1 retirement destination” for any demographic. I call fake on that news.
Rehobeth is awesome but I don’t think I’d be buying anything on the coast right now or ever. The Delmarva Peninsula is already being impacted by climate change and it’s only going to get worse.
Have the prez as neighbor, and raise your concerns directly with him ..
GordsUK Lmao wait until these olds learn about how fabulously gay Rehoboth is. That town probably shaped president Biden’s LGBTQ ideology by being really nice to him.
What they need is a fresh influx of brand new non-citizens from the southern border to help diversify the area.
thanks for this news
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