Skip main navigation
For sale
  • Price cut: $5K (6/5)
    $354,900

    500 Cascade Ln Unit 522, Rehoboth Beach, DE 19971

    2beds
    1,038sqft
    : 
    Loading
    Get pre-qualified
    Condominium
    Built in 2002
    -- sqft lot
    $340,900 Zestimate®
    $342/sqft
    $345/mo HOA

    What's special

    New hot water heaterNew windowsNew roofCommunity pool accessNew dishwasherIn-unit laundrySpacious primary suite
    Experience coastal living at its best in this well-priced furnished Penthouse condo located in the peaceful community of Creekwood, ideally situated East of Route 1 between Rehoboth and Lewes Beaches. Just minutes from downtown Rehoboth Beach, fine dining, tax-free outlet shopping, Cape Henlopen State Park, the boardwalk, Junction & Breakwater Trail, and countless coastal attractions, this location offers both convenience and lifestyle. This well-maintained 2-bedroom, 2-bath residence features bamboo wood flooring throughout the main living areas and soft carpeting in both bedrooms, adding warmth and comfort for relaxed coastal mornings. The bright and open floor plan is perfect for everyday living and entertaining, offering a seamless flow between the living room, dining area, and kitchen. Enjoy preparing everything from casual lunches to evening dinners in the spacious kitchen featuring ample cabinetry, a pantry for extra storage, and generous counter space. The spacious primary suite offers a walk-in closet, private en-suite bath, and walk-in shower for added comfort and convenience. A second bedroom and full bath provide comfortable accommodations for guests and family alike. Recent improvements include a new roof, new windows, new vinyl front door, new electric stove, new dishwasher, and new hot water heater, providing added value and peace of mind. Relax with your morning coffee or evening cocktail on the private screened porch — the perfect place to unwind after a day at the beach. Additional features include in-unit laundry, community pool access, and excellent rental potential. Whether you're searching for a full-time residence, weekend retreat, or investment opportunity, this Penthouse condo offers the perfect combination of location, comfort, and coastal charm. Schedule your private showing today.
    523 days
    |
    289
    |
    11
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    SHIRLEY KALVINSKY 302-236-4254,

    Jack Lingo - Rehoboth (302) 227-3883,

    Co-Listing Agent: Randy Mason 302-236-1142,

    Jack Lingo - Rehoboth

    Source: Bright MLS,MLS#: DESU2078480MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 2
      • Main level bedrooms: 2
      Heating
      • Heat Pump, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Built-In Range, Dishwasher, Disposal, Dryer, Microwave, Self Cleaning Oven, Oven, Oven/Range - Electric, Refrigerator, Washer, Washer/Dryer Stacked, Water Heater, Electric Water Heater
      • Laundry: Dryer In Unit, Washer In Unit, In Unit
      Features
      • Bathroom - Tub Shower, Bathroom - Walk-In Shower, Ceiling Fan(s), Dining Area, Family Room Off Kitchen, Open Floorplan, Primary Bath(s), Dry Wall
      • Flooring: Carpet, Wood
      • Windows: Insulated Windows, Screens, Window Treatments
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 1,038
      • Total interior livable area: 1,038 sqft
      • Finished area above ground: 1,038

      Property

      Parking
      • Parking features: Parking Lot
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      • Stories: 1
      • Pool features: Community
      Details
      • Additional structures: Above Grade
      • Parcel number: 33413.003.01522
      • Zoning: PLANNED COMMUNITY
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Coastal
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Vinyl Siding
      • Roof: Architectural Shingle
      Condition
      • Very Good
      • New construction: No
      • Year built: 2002

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Condo and coop fee: $1,036 quarterly
      • Subdivision: Creekwood
      HOA
      • Has HOA: No
      • Amenities included: Pool
      • Services included: Common Area Maintenance, Maintenance Structure, Maintenance Grounds, Management, Pool(s), Reserve Funds, Snow Removal, Trash
      Location
      • Region: Rehoboth Beach

      Financial & listing details

      • Price per square foot: $342/sqft
      • Tax assessed value: $306,400
      • Annual tax amount: $647
      • Date on market: 2/13/2025
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Inclusions: All Furniture As Seen.
      • Ownership: Fee Simple

        Estimated market value

        $340,900

        $324,000 - $358,000

        $1,941/mo

        Price history

        DateEventPrice
        6/5/2026Price change$354,900-1.4%$342/sqft
        Source: Bright MLS #DESU2078480 Report a problem
        3/5/2025Listed for sale$359,900$347/sqft
        Source: Bright MLS #DESU2078480 Report a problem
        2/21/2025Contingent$359,900$347/sqft
        Source: Bright MLS #DESU2078480 Report a problem
        2/13/2025Listed for sale$359,9000%$347/sqft
        Source: Bright MLS #DESU2078480 Report a problem
        1/8/2025Listing removed$360,000$347/sqft
        Source: Bright MLS #DESU2068680 Report a problem
        10/19/2024Price change$360,000-4%$347/sqft
        Source: Bright MLS #DESU2068680 Report a problem
        9/21/2024Price change$375,000-3.8%$361/sqft
        Source: Bright MLS #DESU2068680 Report a problem
        8/22/2024Listed for sale$389,900$376/sqft
        Source: Bright MLS #DESU2068680 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$647 -0.2%$153,200 +1065%
        2024$648 +0.1%$13,150
        2023$648 +3.6%$13,150 +111.2%
        2022$625 +0.9%$6,225 -50%
        2021$619 +0.3%$12,450
        2020$617 $12,450
        2019$617 -0.1%$12,450 -5.3%
        2018$618 +7.1%$13,150
        2017$577 +9.9%$13,150
        2016$525 +4.7%$13,150
        2015$502 +0.7%$13,150
        2014$498 +2.9%$13,150
        2013$484 +0.4%$13,150
        2012$482 +11.9%$13,150
        2011$431 $13,150
        2010$431 -3%$13,150
        2009$444 $13,150
        2008-- --
        2007-- --
        2006-- --
        2005-- --
        2004-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 19971

        Getting around

        13 / 100
        Car-Dependent
        42 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes