FAQs

Click on any of the questions below for answers to some frequently asked questions about The Residences of Rehoboth Bay.

What is the total project size?

There will be six buildings of 30 units. Each building has six three bedroom units and twenty four two bedroom units. The developer is building the E and F buildings at the same time and then will move to Building A.

What amenities are available?

There will be an outdoor pool and a pool house. The pool house will have a men’s and women’s bathroom with showers. It will also have a storage area and equipment room.

In the outside area, there will be a pull-up door with a sink and refrigerator available to use.

There will be outside showers at the pool house.

There are plans for bike racks and a kayak storage area. Kayaks will be able to be launched from the boat ramp.

The docks are owned by a separate developer from the Residences at Rehoboth Bay. They will be available for lease on a one year term or a three-year term to the owners of the Residences of Rehoboth Bay on a first come first serve, leasing basis. There will be improvements to the docks which include a boardwalk and lighting. Currently, there is not an option of purchasing a dock. The docks will accommodate boats up to 35 feet in length.

The owner of the docks has acquired the necessary permit to dredge the docks in 2019.

There is a common area for disposing of trash and recycling. There will be an area near the entrance for mailboxes.

There is a pad site for a restaurant on the site plan. At this time a restaurant has not been secured to lease or purchase that space. The site is designed to accommodate a one-story building up to 5000 square feet.

What will control water or flooding on the site?

There is a Sussex County approved stormwater management plan that is part of the redevelopment of the site. There will be stormwater management ponds built on the perimeter of the site. Also, the site for the buildings and the parking areas will be built up.

Who is the builder and what other projects has the builder done?

The builder is MBM Construction. They recently completed the Coastal Station / Iron Hill Restaurant site on Coastal Highway. They built the Golf Pro-shop at Rehoboth Beach Yacht and Country Club. They have completed several single family homes in Rehoboth Beach.

Will rentals be allowed in the complex?

Yes. The condo documents allow for a minimum of seven-day rentals as well as seasonal or year-round rentals. The condo owner is required to supply tenants with the rules and regulations contained in the bylaws. The condo owner is also required to supply the Condo Owner’s Association copies of the leases for their unit.

How much are the projected condo fees?

The condo fees are determined by the square footage of the particular unit purchased. The budget is available for review. The initial budget calls for condo fees of between $2800 – $3600 per unit per year. The budget includes common area maintenance, trash removal, the Master Condo Insurance Policy, flood insurance, pool and pool house maintenance, common area electricity and water as well as water for the individual condos.

It also includes a reserve fund for future repairs.

What are the standard features and what is available to upgrade?

Standard features include natural gas for the heat, stove and tank less hot water heater, 42” wall cabinets in the kitchen, Granite kitchen countertops, Granite bathroom vanity tops, Luxury Vinyl Tile Plank flooring in entryway, kitchen, living room and bathrooms, carpet in bedrooms and hallway, 9 Foot Ceilings, GE Stainless Appliances in kitchen, full size GE stack washer and dryer, tiles shower in master bathroom, tile surround in second bathroom, Stain grade kitchen cabinets with Shaker style doors  and private balconies.

Buyers are able to upgrade to a different carpet in the bedrooms or Luxury Vinyl Tile planks throughout the entire unit, Paint Grade kitchen cabinets, a higher level of Granite for the kitchen countertops and a premium appliance package.

Detailed specifications are available for Buyer’s review.

 

What is the insulation between the floors?

R30 Insulation at the crawlspace ceiling. R21 insulation at the exterior walls. R11 – R19 in walls depending on wall thickness, R57 between floors designed to fill cavity to reduce noise and air seal /draft stopping/ baffles per code.

Will ceiling fans be installed?

No, the bedrooms and living area will be wired and capped for ceiling fans of the buyers choice for installation after settlement.

What are the dimensions of the pool?

The main section is 60 feet by 30 feet and there are two 10 foot by 20 foot bump outs.

What are the transfer taxes and are they split equally between buyer and seller?

The transfer tax is a total of 4% split equally between buyer and seller.

What options are available for financing?

The developer’s preferred lender is M&T Bank. Literature and contact information for a local M& T representative is available through the listing team. M&T Bank is seeking the FHA approval for the condo project. Prior to this approval, M & T or a bank that will hold the loan in their portfolio would need to be used. After the FHA approval, financing should be available from any bank or mortgage broker.

Are just the common areas designed with a sprinkler system or the individual units as well?

The individual units and common areas have a fire suppression system and fire alarm system designed per code.

Who are the utility companies?

Internet, telephone, and cable can be contracted for with Fios/Verizon. The electric supplier is Delaware Electric Cooperative. Sussex County provides the sewer service and will bill the individual unit owner on a quarterly basis. Tidewater Utility is the water provider and will bill the Homeowner’s Association for the water per building.

Are the building and individual units ADA compliant or handicap accessible?

The exterior entrances are designed to be ADA compliant and handicap accessible including the exterior doors, ramp and elevator access. The individual units do not have the ADA compliant features required such as door width, vanity heights, faucet requirement or light switch height.

What are the insurance requirements?

There is a Master Condo Insurance Policy as well as Flood Insurance that is paid for within the annual condo budget. The homeowner will also need their own insurance policy. Details regarding the breakdown on the insurance coverage can be found in the community bylaws.

Don’t see the answer to your question in this list? Give us a call at 302-227-5000 or send us a message on our contact page.

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