READY TO GO AND FULLY FURNISHED *Savor the Flavor of Coastal Living in this Updated Condo in Sought-After Spring Lake!** Nestled along the picturesque Thompson Island Park in Rehoboth Beach, this charming two-bedroom, two-bathroom condo is the perfect blend of historic charm and modern convenience. With its prime location, you'll be just a stone's throw from the vibrant downtown area, yet surrounded by the serene beauty of the coastal landscape. This condo has been thoughtfully updated to provide the perfect blend of form and function. From the sleek, modern kitchen with stainless steel appliances and granite countertops, to the spacious bedrooms with plush carpeting and Luxury Vinyl and ample closet space, every detail has been carefully considered to ensure a comfortable and relaxing living experience. **Rental Income Producer Extraordinaire!** But it's not just the updates that make this condo a standout – it's also its impressive rental income potential! With its prime location and stunning views of the surrounding landscape, this condo is a sought-after destination for vacationers and beachgoers alike. Whether you're looking to supplement your income or create a lucrative investment opportunity, this condo is sure to deliver. **Amenities Abound!** And when you're not enjoying the comforts of your own home, you'll have access to a range of fabulous amenities, including: * A sparkling pool perfect for lounging on a warm summer day * A private patio area for outdoor entertaining and relaxation * And, of course, the stunning views of the surrounding landscape from every window! **Bike to Downtown Rehoboth Beach or Collect a Substantial Income – the Choice is Yours!** Whether you're looking to enjoy the best of Rehoboth Beach's vibrant downtown scene or create a lucrative investment opportunity, this condo has it all. With its prime location, stunning views, and impressive rental income potential, this is an opportunity you won't want to miss! **Don't Miss Out!** Contact us today to schedule a showing and make this incredible condo your own. Whether you're looking to live, invest, or simply enjoy the best of coastal living, this condo is sure to satisfy your cravings!
Sold for $540,000
$540,000
20802 Spring Lake Dr Unit 427, Rehoboth Beach, DE 19971
2beds
1,000sqft
Condominium
Built in 1985
-- sqft lot
$536,500 Zestimate®
$540/sqft
$1,854 Estimated rent
Home value
$536,500
$499,000 - $574,000
$1,854/mo
Zestimate® history
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$3,093/mo
Est. payment
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Est. payment
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List your homeWhat's special
Sparkling poolSleek modern kitchenPrivate patio areaStainless steel appliancesAmple closet spaceSpacious bedroomsGranite countertops
Zillow last checked:
Listing updated:
Listed by:
Joe Maggio 302-381-2268,
Dave McCarthy & Associates, Inc.
Bought with:
Joe Maggio, RA-0020900
Dave McCarthy & Associates, Inc.
Source: Bright MLS,MLS#: DESU2087972
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Living Room, Dining Room, Primary Bedroom, Kitchen
Primary bedroom
- Level: Main
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Wood Stove, Heat Pump, Electric
Cooling
- Heat Pump, Electric
Appliances
- Included: Dishwasher, Disposal, Exhaust Fan, Ice Maker, Refrigerator, Microwave, Oven/Range - Electric, Washer/Dryer Stacked, Water Heater, Electric Water Heater
- Laundry: Washer In Unit, In Unit
Features
- Attic, Breakfast Area, Entry Level Bedroom, Ceiling Fan(s), Vaulted Ceiling(s)
- Flooring: Carpet, Vinyl
- Doors: Storm Door(s)
- Windows: Screens, Storm Window(s), Skylight(s)
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 1,000
- Total interior livable area: 1,000 sqft
- Finished area above ground: 1,000
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Pool features: Community
- Has view: Yes
- View description: Lake, Pond
- Has water view: Yes
- Water view: Lake,Pond
- Waterfront features: Pond
Details
- Additional structures: Above Grade
- Parcel number: 33420.001.00427
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Stick Built, Cedar
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Phone, Cable
Community & HOA
Community
- Features: Pool
- Condo and coop fee: $1,535 quarterly
- Subdivision: Spring Lake
HOA
- Has HOA: Yes
- Amenities included: Reserved/Assigned Parking, Pool
- Services included: Common Area Maintenance, Maintenance Structure, Maintenance Grounds, Management, Pool(s), Road Maintenance, Reserve Funds
Location
- Region: Rehoboth Beach
Financial & listing details
- Price per square foot: $540/sqft
- Tax assessed value: $429,700
- Annual tax amount: $1,226
- Date on market: 6/4/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Most Of The Contents And The Appliances.
- Exclusions: Personal Photos And A Few Items.
- Ownership: Fee Simple
- Total actual rent: 25000
- Road surface type: Black Top
Price history
| Date | Event | Price |
|---|---|---|
| 1/26/2026 | Sold | $540,000-2.7%$540/sqft |
Source:  Bright MLS #DESU2087972 Report a problem | ||
| 12/29/2025 | Pending sale | $555,000$555/sqft |
Source: Bright MLS #DESU2087972 Report a problem | ||
| 11/29/2025 | Contingent | $555,000$555/sqft |
Source: Bright MLS #DESU2087972 Report a problem | ||
| 10/16/2025 | Price change | $555,000-1.8%$555/sqft |
Source: Bright MLS #DESU2087972 Report a problem | ||
| 10/8/2025 | Price change | $565,000-1.7%$565/sqft |
Source: Bright MLS #DESU2087972 Report a problem | ||
| 7/15/2025 | Price change | $575,000-4%$575/sqft |
Source: Bright MLS #DESU2087972 Report a problem | ||
| 6/4/2025 | Listed for sale | $599,000+121.9%$599/sqft |
Source: Bright MLS #DESU2087972 Report a problem | ||
| 4/11/2014 | Sold | $270,000$270/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,226 -19.1% | $214,850 +784.2% |
| 2024 | $1,516 +0.1% | $24,300 |
| 2023 | $1,515 +2.8% | $24,300 |
| 2022 | $1,474 +0.7% | $24,300 +17.1% |
| 2021 | $1,463 +0.3% | $20,750 |
| 2020 | $1,458 | $20,750 |
| 2019 | $1,458 +1.4% | $20,750 -14.6% |
| 2018 | $1,439 +34.8% | $24,300 |
| 2017 | $1,067 +9% | $24,300 |
| 2016 | $979 +4.6% | $24,300 |
| 2015 | $936 +0.7% | $24,300 |
| 2014 | $929 +2.9% | $24,300 |
| 2013 | $903 -3.2% | $24,300 |
| 2012 | $933 +11.2% | $24,300 |
| 2011 | $839 | $24,300 |
| 2010 | $839 -2.8% | $24,300 |
| 2009 | $863 | $24,300 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Neighborhood: 19971
Nearby homes
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Nearby schools
GreatSchools rating
- 8/10Rehoboth Elementary SchoolGrades: K-5Distance: 0.7 mi
- 7/10Beacon Middle SchoolGrades: 6-8Distance: 3.5 mi
- 8/10Cape Henlopen High SchoolGrades: 9-12Distance: 5.2 mi
Schools provided by the listing agent
- High: Cape Henlopen
- 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
- 20802 Spring Lake Dr Unit 427
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