A price adjustment!! Welcome to Unit 516 in the highly sought after 5th phase of Spring Lake. This beautifully remodeled unit offers serene pond views and has been thoughtfully designed with modern finishes. The upgraded kitchen features quartz countertops, stainless steel appliances, and a stunning backsplash, making it a dream for any chef. Throughout the home, elegant shiplap accents add character and charm. Enjoy the tastefully remodeled bathrooms, plush new carpet, and a cozy wood-burning fireplace. The owners have also enhanced the outdoor space with ceiling coverings, ensuring year-round enjoyment without concerns about water seepage on the deck. Spring Lake is ideally located withing walking distance to the vibrant scenes of downtown Rehoboth and Dewey, as well as the beach. It features walking paths in the Thompson Island Preserve, and a community pool. Don't miss your chance to own this exceptional property! Now priced below the newly assessed value! Exceptional value for this beautifully remodeled condo!
Sold for $435,000
$435,000
20796 East Dr Unit 516, Rehoboth Beach, DE 19971
1beds
1,100sqft
Condominium
Built in 1988
-- sqft lot
$433,700 Zestimate®
$395/sqft
$1,705 Estimated rent
Home value
$433,700
$399,000 - $473,000
$1,705/mo
Zestimate® history
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$1,959/mo
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List your homeWhat's special
Remodeled bathroomsModern finishesCozy wood-burning fireplaceSerene pond viewsStainless steel appliancesCeiling coveringsElegant shiplap accents
Zillow last checked:
Listing updated:
Listed by:
CHRISTINA HAAG 302-226-6612,
Jack Lingo - Rehoboth,
Co-Listing Agent: Molly Bayard Brittingham 302-227-3883,
Jack Lingo - Rehoboth
Bought with:
PATRICIA COLUZZI, RS-0022283
Monument Sotheby's International Realty
Source: Bright MLS,MLS#: DESU2073662
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Basement
- Area: 0
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer, Electric Water Heater
- Laundry: In Unit
Features
- Bar, Bathroom - Stall Shower, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Open Floorplan, Kitchen - Gourmet, Primary Bath(s), Upgraded Countertops
- Flooring: Carpet, Ceramic Tile
- Windows: Window Treatments
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,100
- Total interior livable area: 1,100 sqft
- Finished area above ground: 1,100
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Parking Lot, On Street
- Has uncovered spaces: Yes
- Details: Assigned Parking, Assigned Space #: 516
Accessibility
- Accessibility features: Accessible Entrance
Features
- Levels: One
- Stories: 1
- Pool features: Community
- Has view: Yes
- View description: Pond
- Has water view: Yes
- Water view: Pond
- Waterfront features: Pond
Lot
- Size: 36.57 Acres
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 33420.001.00516
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Block, Cedar
- Roof: Architectural Shingle
Condition
- Excellent
- New construction: No
- Year built: 1988
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Condo and coop fee: $1,461 quarterly
- Subdivision: Spring Lake
HOA
- Has HOA: No
- Services included: Common Area Maintenance, Maintenance Grounds, Trash
- HOA name: Marshall Wagner & Associates
Location
- Region: Rehoboth Beach
Financial & listing details
- Price per square foot: $395/sqft
- Tax assessed value: $464,400
- Annual tax amount: $1,210
- Date on market: 11/1/2024
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/7/2025 | Sold | $435,000-3.3%$395/sqft |
Source:  Bright MLS #DESU2073662 Report a problem | ||
| 4/3/2025 | Pending sale | $449,900$409/sqft |
Source: Bright MLS #DESU2073662 Report a problem | ||
| 2/11/2025 | Contingent | $449,900$409/sqft |
Source: Bright MLS #DESU2073662 Report a problem | ||
| 2/9/2025 | Price change | $449,900-1.1%$409/sqft |
Source: Bright MLS #DESU2073662 Report a problem | ||
| 2/1/2025 | Price change | $454,900-1.1%$414/sqft |
Source: Bright MLS #DESU2073662 Report a problem | ||
| 11/22/2024 | Price change | $459,900-4%$418/sqft |
Source: Bright MLS #DESU2073662 Report a problem | ||
| 11/1/2024 | Listed for sale | $479,000+162.5%$435/sqft |
Source: Bright MLS #DESU2073662 Report a problem | ||
| 9/10/2012 | Sold | $182,500$166/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,299 -15% | $232,200 +845.8% |
| 2024 | $1,529 +0.1% | $24,550 |
| 2023 | $1,528 +2.8% | $24,550 |
| 2022 | $1,485 +0.7% | $24,550 +7% |
| 2021 | $1,475 +0.3% | $22,950 |
| 2020 | $1,470 | $22,950 |
| 2019 | $1,470 +1.4% | $22,950 -6.5% |
| 2018 | $1,450 +34.5% | $24,550 |
| 2017 | $1,078 +9% | $24,550 |
| 2016 | $989 +4.6% | $24,550 |
| 2015 | $945 +0.7% | $24,550 |
| 2014 | $939 +2.9% | $24,550 |
| 2013 | $912 -3.2% | $24,550 |
| 2012 | $943 +11.2% | $24,550 |
| 2011 | $847 | $24,550 |
| 2010 | $847 +54.7% | $24,550 |
| 2009 | $548 | $24,550 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Neighborhood: 19971
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Nearby schools
GreatSchools rating
- 8/10Rehoboth Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Beacon Middle SchoolGrades: 6-8Distance: 3.5 mi
- 8/10Cape Henlopen High SchoolGrades: 9-12Distance: 5.1 mi
Schools provided by the listing agent
- District: Cape Henlopen
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Delaware
- Sussex County
- Rehoboth Beach
- 19971
- 20796 East Dr Unit 516
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