Location, location, location! This unit is priced to sell. It was tenant-occupied for many years and is now waiting for you to make your personalized improvements. Less than a half mile to the pristine beaches of the Atlantic Ocean. It is conveniently located between Dewey Beach & Rehoboth Beach. First floor and no stairs. Premium location overlooking a lovely pond with a fountain. Double sliding doors give access to your spacious patio. The open floor plan is anchored with a real wood-burning fireplace—a rare find in a condominium. The primary bedroom features an en-suite full bath. There is a powder room off the foyer. A full laundry room also serves as a pantry. Right outside the unit is a private storage closet. Several feet away is your assigned parking space and mailbox. Open guest parking is available. Spring Lake is a beautiful community featuring open space, a spring-fed lake, a pond, mature trees, and a community pool. Discover what coastal Delaware offers: miles of pristine beaches, no sales tax, low property taxes, and a Mid-Atlantic climate. The quarterly assessments consist of an operating assessment of $965, a reserve assessment of $360, and a trust assessment of $125, totaling $1,450 due quarterly. (2025 amount) There is an annual painting reserve assessment of $375 (2025 amount) billed with the first quarter assessments in December, bringing the first quarter assessment to $1,825, with the subsequent quarters staying at $1,450. There is a one-time working capital contribution payment due from the buyer directly to the Spring Lake Community Trust upon sale of $2,250 (2025)
Sold for $390,000
$390,000
20842 East Dr Unit 524, Rehoboth Beach, DE 19971
1beds
1,100sqft
Condominium
Built in 1988
-- sqft lot
$389,500 Zestimate®
$355/sqft
$1,980 Estimated rent
Home value
$389,500
$354,000 - $425,000
$1,980/mo
Zestimate® history
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List your homeWhat's special
Spring-fed lakeOpen spaceMature treesReal wood-burning fireplaceSpacious patio
Zillow last checked:
Listing updated:
Listed by:
PAUL MALTAGHATI 302-430-3543,
Monument Sotheby's International Realty
Bought with:
PAUL MALTAGHATI, RS-0017798
Monument Sotheby's International Realty
Source: Bright MLS,MLS#: DESU2074788
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Rooms
- Room types: Living Room, Dining Room, Kitchen, Laundry
Basement
- Area: 0
Heating
- Central, Forced Air, Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater, Electric Water Heater
- Laundry: Dryer In Unit, Washer In Unit, Laundry Room, In Unit
Features
- Flooring: Carpet, Vinyl
- Doors: Sliding Glass
- Windows: Double Pane Windows, Screens
- 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: 1,100
- Total interior livable area: 1,100 sqft
- Finished area above ground: 1,100
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: General Common Elements, Lighted, Parking Space Conveys, Parking Lot
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Underground Lawn Sprinkler, Water Fountains
- Pool features: Community
- Has view: Yes
- View description: Pond, Scenic Vista
- Has water view: Yes
- Water view: Pond
- Waterfront features: Ocean
- Body of water: Atlantic Ocean
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 33420.001.00524
- Zoning: HR-2
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Coastal
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Block, Cedar, Stick Built
- Foundation: Slab
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1988
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Pool
- Condo and coop fee: $1,450 quarterly
- Subdivision: Spring Lake
HOA
- Has HOA: No
- Amenities included: Pool
- Services included: Common Area Maintenance, Maintenance Structure, Insurance, Lawn Care Front, Lawn Care Rear, Maintenance Grounds, Management, Pool(s), Reserve Funds, Snow Removal, Trash
- HOA name: Marshall Wagner & Associates
Location
- Region: Rehoboth Beach
Financial & listing details
- Price per square foot: $355/sqft
- Tax assessed value: $455,000
- Annual tax amount: $1,272
- Date on market: 11/23/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2025 | Sold | $390,000-4.9%$355/sqft |
Source:  Bright MLS #DESU2074788 Report a problem | ||
| 2/5/2025 | Pending sale | $410,000$373/sqft |
Source: Bright MLS #DESU2074788 Report a problem | ||
| 1/10/2025 | Contingent | $410,000$373/sqft |
Source: Bright MLS #DESU2074788 Report a problem | ||
| 11/23/2024 | Listed for sale | $410,000$373/sqft |
Source: Bright MLS #DESU2074788 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,280 -19.5% | $227,500 +781.8% |
| 2024 | $1,590 +0.1% | $25,800 |
| 2023 | $1,589 +2.9% | $25,800 |
| 2022 | $1,545 +0.7% | $25,800 +6.6% |
| 2021 | $1,533 +35% | $24,200 |
| 2020 | $1,136 -0.1% | $24,200 |
| 2019 | $1,138 -24.6% | $24,200 -6.2% |
| 2018 | $1,509 +39.1% | $25,800 |
| 2017 | $1,085 +4.4% | $25,800 |
| 2016 | $1,039 +4.6% | $25,800 |
| 2015 | $993 +0.7% | $25,800 |
| 2014 | $986 +2.9% | $25,800 |
| 2013 | $958 -3% | $25,800 |
| 2012 | $988 +11.3% | $25,800 |
| 2011 | $888 | $25,800 |
| 2010 | $888 -2.8% | $25,800 |
| 2009 | $914 | $25,800 |
| 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: 0.7 mi
- 7/10Beacon Middle SchoolGrades: 6-8Distance: 3.6 mi
- 8/10Cape Henlopen High SchoolGrades: 9-12Distance: 5.2 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
- 20842 East Dr Unit 524
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