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Sold for $585,000
    • $585,000

    20796 East Dr Unit 518, Rehoboth Beach, DE 19971

    2beds
    1,100sqft
    Apartment
    Built in 1989
    -- sqft lot
    $585,000 Zestimate®
    $532/sqft
    $1,866 Estimated rent

    Home value

    $585,000

    $556,000 - $614,000

    $1,866/mo

    Zestimate® history
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    What's special

    Two private outdoor spacesFront and rear balconiesTranquil pond viewsVaulted ceilingOpen layout
    Welcome to Unit 518 at Spring Lake in Rehoboth Beach—an inviting fully furnished coastal retreat that perfectly blends comfort, style, and scenic charm. This beautifully maintained 2-bedroom, 2 full bath condo features an updated kitchen with modern finishes, offering both functionality and a fresh, contemporary feel—ideal for everyday living or entertaining. The open layout flows effortlessly into the living and dining area with a vaulted ceiling and large picture window with pond views, creating a bright and welcoming space. Enjoy the tranquil pond views from not one, but two private outdoor spaces. Both the front and rear balconies provide the perfect setting for morning coffee, evening relaxation, or simply soaking in the peaceful surroundings. The bedrooms feature custom built-ins and offer comfort and privacy, while the two full baths ensure convenience for residents and guests alike. Whether you're looking for a beach getaway, investment property, or year-round residence, this unit delivers the best of coastal living. Located just minutes from Rehoboth and Dewey Beach, shopping, dining, and local attractions, Unit 518 offers a perfect balance of serenity and accessibility. Don’t miss the opportunity to own your slice of paradise at the beach.

    Zillow last checked:

    Listing updated:

    Listed by:

    SHAUN TULL 302-226-6417,

    Jack Lingo - Rehoboth,

    Listing Team: Bryce Lingo & Shaun Tull Team, Co-Listing Team: Bryce Lingo & Shaun Tull Team,Co-Listing Agent: Amanda Ryan 302-227-3883,

    Jack Lingo - Rehoboth

    Bought with:

    AMY PIETLOCK, RS-0019338

    Monument Sotheby's International Realty

    Source: Bright MLS,MLS#: DESU2108758MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Basement
    • Area: 0
    Heating
    • Forced Air, Heat Pump, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Oven/Range - Electric, Exhaust Fan, Refrigerator, Dishwasher, Disposal, Microwave, Dryer, Washer, Water Heater, Electric Water Heater
    • Laundry: Main Level, Dryer In Unit, Washer In Unit, In Unit
    Features
    • Sound System
    • Windows: Screens, 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, Off Street
    • Details: Assigned Parking, Assigned Space #: 518
    Accessibility
    • Accessibility features: None
    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: 33420.001.00518
    • Zoning: HR-2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Apartment
    • Architectural style: Contemporary
    • Property subtype: Apartment
    • Attached to another structure: Yes
    Materials
    • Stick Built
    • Roof: Architectural Shingle
    Condition
    • Excellent
    • New construction: No
    • Year built: 1989

    Utilities & green energy

    • Electric: 150 Amps, Circuit Breakers
    • Sewer: Private Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Sewer Available, Water Available, Cable

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: Spring Lake
    HOA
    • Has HOA: Yes
    • Amenities included: Pool
    • Services included: Maintenance Grounds, Snow Removal, Trash, Road Maintenance, Maintenance Structure
    • HOA fee: $1,500 quarterly
    • HOA name: SPRING LAKE PHASE V HOA
    Location
    • Region: Rehoboth Beach

    Financial & listing details

    • Price per square foot: $532/sqft
    • Tax assessed value: $487,100
    • Annual tax amount: $1,029
    • Date on market: 4/15/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Inclusions: All Major Appliances, Fixtures, And Some Furnishings.
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    5/22/2026Sold$585,000+1%$532/sqft
    Source: Bright MLS #DESU2108758 Report a problem
    4/22/2026Contingent$579,000$526/sqft
    Source: Bright MLS #DESU2108758 Report a problem
    4/15/2026Listed for sale$579,000$526/sqft
    Source: Bright MLS #DESU2108758 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,347 -17.1%$243,550 +819.1%
    2024$1,625 +0.1%$26,500
    2023$1,624 +2.9%$26,500
    2022$1,578 +0.7%$26,500 +6.4%
    2021$1,566 +0.3%$24,900
    2020$1,562 $24,900
    2019$1,562 +1.3%$24,900 -6%
    2018$1,542 +32.5%$26,500
    2017$1,164 +9.1%$26,500
    2016$1,067 +4.6%$26,500
    2015$1,020 +0.7%$26,500
    2014$1,012 +2.9%$26,500
    2013$984 -3%$26,500
    2012$1,014 +11.3%$26,500
    2011$911 $26,500
    2010$911 -2.8%$26,500
    2009$938 $26,500
    2008-- --
    2007-- --
    2006-- --
    2005-- --
    2004-- --
    Find assessor info on the county website

    Neighborhood: 19971

    Nearby homes

    Nearby schools

    GreatSchools rating
    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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