Lot 1, to be built in City of Rehoboth Beach by Statera Homes. 5 blocks from ocean and boardwalk via Silver Lake footbridge. Close to Rehoboth and Dewey beach, recreation and restaurants. Lot can be bought as "lot only" with no obligation to Statera Homes for $279,000. Settlement on lot must occur before construction is commenced. Property taxes to be determine. 4 Master Bedrooms. Great for your family and friends. Seller is doing a 1031 tax deferred exchange.