Welcome to 551 Spring Lake! This beautifully remodeled 2-bedroom condo, plus a versatile loft, is nestled in the sought after 5th phase of Spring Lake, overlooking a serene pond. This bright and inviting end unit is bathed in natural light, enhancing the spacious layout. The kitchen and bathrooms have been nicely updated. The kitchen features granite counters, tiled backsplash and stainless appliances. The main level includes two bedrooms and two bathrooms. The guest room has 2 single Murphy beds, allowing for multiple uses when not designated as a sleeping space. The large loft offers a flexible space which could also be used as a 3rd bedroom. A cozy fireplace adds warmth and ambiance on cooler evenings. Step out onto your private deck to enjoy tranquil pond views - the perfect spot for morning coffee or evening cocktails. Spring Lake is a meticulously maintained, beautifully landscaped community, offering three ponds, walking trails in the Thompson Island Preserve and a community pool. Ideally situated within easy walking distance to the beach and all the lively attractions of Rehoboth Beach and Dewey Beach. This condo presents a perfect blend of comfort, style and convenience. It would be a wonderful vacation home, permanent residence or investment property. Don't miss this opportunity!
Sold for $660,000
$660,000
20898 East Dr Unit 551, Rehoboth Beach, DE 19971
2beds
1,592sqft
Condominium
Built in 1994
-- sqft lot
$676,600 Zestimate®
$415/sqft
$2,631 Estimated rent
Home value
$676,600
$622,000 - $737,000
$2,631/mo
Zestimate® history
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List your homeWhat's special
Beautifully landscaped communityOverlooking a serene pondPrivate deckVersatile loftCozy fireplaceTranquil pond viewsBathed in natural light
Zillow last checked:
Listing updated:
Listed by:
CHRISTINA HAAG 302-226-6612,
Jack Lingo - Rehoboth
Bought with:
CHRISTINA HAAG, RS-001-4869
Jack Lingo - Rehoboth
Source: Bright MLS,MLS#: DESU2074070
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Basement
- Area: 0
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater, Electric Water Heater
- Laundry: In Unit
Features
- Bathroom - Walk-In Shower, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Kitchen - Gourmet, Primary Bath(s)
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,592
- Total interior livable area: 1,592 sqft
- Finished area above ground: 1,592
- Finished area below ground: 0
Property
Parking
- Parking features: Assigned, On Street
- Has uncovered spaces: Yes
- Details: Assigned Parking
Accessibility
- Accessibility features: Accessible Entrance
Features
- Levels: Two
- Stories: 2
- Pool features: Community
Lot
- Size: 36.57 Acres
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 33420.001.00551
- Zoning: HR-2
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Cedar, HardiPlank Type
- Roof: Architectural Shingle
Condition
- Excellent
- New construction: No
- Year built: 1994
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Condo and coop fee: $1,450 quarterly
- Subdivision: Spring Lake
HOA
- Has HOA: No
Location
- Region: Rehoboth Beach
Financial & listing details
- Price per square foot: $415/sqft
- Tax assessed value: $613,700
- Annual tax amount: $1,269
- Date on market: 11/10/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2025 | Sold | $660,000$415/sqft |
Source:  Bright MLS #DESU2074070 Report a problem | ||
| 1/28/2025 | Pending sale | $660,000$415/sqft |
Source: Bright MLS #DESU2074070 Report a problem | ||
| 11/22/2024 | Contingent | $660,000$415/sqft |
Source: Bright MLS #DESU2074070 Report a problem | ||
| 11/10/2024 | Listed for sale | $660,000$415/sqft |
Source: Bright MLS #DESU2074070 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,615 -3.1% | $306,850 +1021.9% |
| 2024 | $1,667 +0.1% | $27,350 |
| 2023 | $1,665 +2.9% | $27,350 +112.4% |
| 2022 | $1,618 +0.7% | $12,875 -50% |
| 2021 | $1,606 +0.3% | $25,750 |
| 2020 | $1,602 | $25,750 |
| 2019 | $1,602 +1.2% | $25,750 -5.9% |
| 2018 | $1,582 +31.7% | $27,350 |
| 2017 | $1,201 +9.1% | $27,350 |
| 2016 | $1,101 +4.6% | $27,350 |
| 2015 | $1,052 +0.7% | $27,350 |
| 2014 | $1,045 +2.9% | $27,350 |
| 2013 | $1,015 -2.9% | $27,350 |
| 2012 | $1,045 +11.3% | $27,350 |
| 2011 | $939 | $27,350 |
| 2010 | $939 -2.8% | $27,350 |
| 2009 | $966 | $27,350 |
| 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
- 20898 East Dr Unit 551
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