Experience coastal living in this stunning two-bedroom, two-bath townhome nestled in the highly sought-after community of Spring Lake! Conveniently located across from the scenic Thompson Island walking trail and within walking distance to vibrant downtown Rehoboth Beach, this home offers unparalleled access to the best of coastal life. The main level features ceramic tile flooring for easy maintenance and a charming kitchen with a bi-level breakfast bar perfect for casual meals. The dining area seamlessly transitions into the inviting living room, complete with a cozy gas fireplace framed by transom windows and glass sliding doors, offering picturesque views of mature trees and a serene pond. This exceptional unit boasts two patios. The front patio includes a secure locker and an outdoor shower, while the rear patio is the ideal spot to savor your morning coffee or evening drink while overlooking the tranquil pond. Upstairs, the second floor hosts a luxurious primary bedroom with an ensuite bath, a spacious second bedroom, and a full hall bath. Spring Lake listings are a rare find, so don’t miss your chance to own a spectacular home in this perfect beach location! Note: there is a 1-month minimum for rentals in this phase of the community. Schedule your private showing today.
Sold for $500,000
$500,000
20942 Spring Lake Dr #221, Rehoboth Beach, DE 19971
2beds
1,271sqft
Townhouse
Built in 1982
-- sqft lot
$566,800 Zestimate®
$393/sqft
$1,939 Estimated rent
Home value
$566,800
$527,000 - $618,000
$1,939/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
ROBIN PALUMBO THOMPSON 302-745-8541,
Northrop Realty
Bought with:
Kara Johnson, RS-0036521
Keller Williams Realty
Source: Bright MLS,MLS#: DESU2063398
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Basement
- Area: 0
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Microwave, Built-In Range, Dishwasher, Dryer, Freezer, Ice Maker, Self Cleaning Oven, Oven, Oven/Range - Electric, Refrigerator, Washer, Water Heater, Electric Water Heater
- Laundry: Main Level
Features
- Attic, Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Open Floorplan, Kitchen - Galley, Primary Bath(s), Bathroom - Tub Shower, Dry Wall, 9'+ Ceilings, Vaulted Ceiling(s)
- Flooring: Ceramic Tile, Carpet
- Doors: Sliding Glass, Storm Door(s)
- Windows: Casement, Screens
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Gas/Propane, Mantel(s)
Interior area
- Total structure area: 1,271
- Total interior livable area: 1,271 sqft
- Finished area above ground: 1,271
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Paved, Assigned, Parking Lot
- Details: Assigned Parking
Accessibility
- Accessibility features: Other
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Outdoor Shower, Balcony
- Pool features: Community
- Has view: Yes
- View description: Garden, Pond, Trees/Woods
- Has water view: Yes
- Water view: Pond
- Waterfront features: Pond
Lot
- Features: Adjoins - Open Space, Backs - Open Common Area, Backs to Trees, Wooded, Pond, Rear Yard, Landscaped
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 33420.001.00221
- Zoning: HR-1
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Stick Built, Wood Siding
- Foundation: Slab
- Roof: Architectural Shingle
Condition
- Excellent
- New construction: No
- Year built: 1982
Utilities & green energy
- Electric: 220 Volts, 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Main Entrance Lock
Community
- Community features: Pool
Location
- Region: Rehoboth Beach
- Subdivision: Spring Lake
HOA & financial
Other fees
- Condo and coop fee: $1,221 quarterly
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 7/19/2024 | Sold | $500,000-4.8%$393/sqft |
Source:  Bright MLS #DESU2063398 Report a problem | ||
| 6/23/2024 | Pending sale | $525,000$413/sqft |
Source:  Long & Foster Broker Feed #DESU2063398 Report a problem | ||
| 6/20/2024 | Contingent | $525,000$413/sqft |
Source: Long & Foster Broker Feed #DESU2063398 Report a problem | ||
| 6/12/2024 | Price change | $525,000-2.8%$413/sqft |
Source: Long & Foster Broker Feed #DESU2063398 Report a problem | ||
| 6/8/2024 | Price change | $540,000-1.8%$425/sqft |
Source: Long & Foster Broker Feed #DESU2063398 Report a problem | ||
| 5/27/2024 | Listed for sale | $550,000$433/sqft |
Source: Long & Foster Broker Feed #DESU2063398 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,407 -23.3% | $257,700 +738% |
| 2024 | $1,834 +0.1% | $30,750 |
| 2023 | $1,833 +3% | $30,750 |
| 2022 | $1,780 +0.8% | $30,750 |
| 2021 | $1,767 +0.3% | $30,750 |
| 2020 | $1,761 | $30,750 +21.8% |
| 2019 | $1,761 +1.1% | $25,250 -17.9% |
| 2018 | $1,742 +34.7% | $30,750 |
| 2017 | $1,293 +4.6% | $30,750 |
| 2016 | $1,237 +4.6% | $30,750 |
| 2015 | $1,182 +0.7% | $30,750 |
| 2014 | $1,173 +2.9% | $30,750 |
| 2013 | $1,141 -2.5% | $30,750 |
| 2012 | $1,170 +11.4% | $30,750 |
| 2011 | $1,051 | $30,750 |
| 2010 | $1,051 -2.8% | $30,750 |
| 2009 | $1,081 | $30,750 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Neighborhood: 19971
Nearby schools
GreatSchools rating
- 8/10Rehoboth Elementary SchoolGrades: K-5Distance: 0.7 mi
- 7/10Beacon Middle SchoolGrades: 6-8Distance: 3.4 mi
- 8/10Cape Henlopen High SchoolGrades: 9-12Distance: 5.1 mi
Schools provided by the listing agent
- Elementary: Rehoboth
- Middle: Beacon
- 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
- 20942 Spring Lake Dr Unit 221
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