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Sold for $2,525,000
  • Zillow Home logoZestimate®
    $2,525,000

    518 New Castle Street Ext, Rehoboth Beach, DE 19971

    4beds
    2,217sqft
    Single Family Residence
    Built in 1962
    0.29 Acres Lot
    $2,525,000 Zestimate®
    $1,139/sqft
    $2,861 Estimated rent

    Home value

    $2,525,000

    $2.40M - $2.65M

    $2,861/mo

    Zestimate® history
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    What's special

    Gas fireplaceThoughtful split floor planClassic shaker-style cottageProfessionally landscaped groundsBeamed ceilingsSlate walkwayTimeless details
    English countryside charm meets coastal cottage living in this exceptional home tucked within the desirable Schoolvue community of Rehoboth Beach. Set on an expansive 125' x 100' lot, the property offers privacy and serenity surrounded by mature trees and lush landscaping. A slate walkway leads to the inviting entrance of this classic shaker-style cottage, where a welcoming front porch sets the tone for seaside living. Inside, timeless details abound. Crisp white pine paneling and wide-plank oak flooring flow throughout, while carefully curated lighting adds warmth and character to each space. The kitchen is a chef’s dream, designed with both form and function in mind, featuring abundant storage, a 6-burner Thermador gas cooktop, dual ovens, and a Sub-Zero refrigerator. The cozy family room is anchored by a gas fireplace, beamed ceilings, and sun-filled windows that frame the natural beauty outside. The thoughtful split floor plan includes four comfortable bedrooms, each with its own designer personality, and two bathrooms with classic finishes, including carefully selected Barber Wilson fixtures. Outdoor living is where this property truly shines. A spacious screened porch provides the perfect setting for casual dining or quiet evenings, while the large 15’ x 30’ heated pool, patio, and professionally landscaped grounds create an ideal space for entertaining or unwinding. Located just a few blocks from downtown Rehoboth and its renowned beaches, this home blends timeless style, modern comforts, and rare privacy in one of the area’s most sought-after neighborhoods. A truly unique opportunity for the most discerning buyer.

    Zillow last checked:

    Listing updated:

    Listed by:

    SHAUN TULL 302-226-6417,

    Jack Lingo - Rehoboth,

    Listing Team: Bryce Lingo & Shaun Tull Team, Co-Listing Team: Bryce Lingo & Shaun Tull Team,Co-Listing Agent: Amanda Ryan 302-227-3883,

    Jack Lingo - Rehoboth

    Bought with:

    Lee Ann Wilkinson, RA-0002064

    Berkshire Hathaway HomeServices PenFed Realty

    Source: Bright MLS,MLS#: DESU2106056MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 4
    Rooms
    • Room types: Basement
    Basement
    • Level: Lower
    Heating
    • Heat Pump, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Microwave, Range, Cooktop, Dishwasher, Disposal, Double Oven, Oven, Oven/Range - Gas, Stainless Steel Appliance(s), Tankless Water Heater, Water Heater
    • Laundry: In Basement, Main Level
    Features
    • Bathroom - Walk-In Shower, Breakfast Area, Built-in Features, Combination Kitchen/Dining, Crown Molding, Dining Area, Entry Level Bedroom, Exposed Beams, Family Room Off Kitchen, Kitchen - Gourmet, Recessed Lighting, Upgraded Countertops, Dry Wall
    • Flooring: Hardwood, Tile/Brick, Wood
    • Doors: Insulated
    • Windows: Double Hung, Window Treatments
    • Basement: Partial,Interior Entry,Sump Pump,Walk-Out Access
    • Number of fireplaces: 1
    • Fireplace features: Mantel(s), Gas/Propane
    Interior area
    • Total structure area: 3,114
    • Total interior livable area: 2,217 sqft
    • Finished area above ground: 1,937
    • Finished area below ground: 280

    Property

    Parking
    • Total spaces: 2
    • Parking features: Gravel, On Street, Driveway, Off Street
    • Uncovered spaces: 2
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Porch, Screened
    • Exterior features: Extensive Hardscape, Lighting, Lawn Sprinkler, Outdoor Shower
    • Has private pool: Yes
    • Pool features: Fenced, In Ground, Heated, Private
    • Fencing: Partial,Privacy,Wood
    • Has view: Yes
    • View description: Garden
    • Frontage length: Road Frontage: 125
    Lot
    • Size: 0.29 Acres
    • Dimensions: 125.00 x 100.00
    • Features: Landscaped, Front Yard, Private, Rear Yard, Downtown
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 33419.08129.00
    • Zoning: TN
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch/Rambler,Cottage
    • Property subtype: Single Family Residence
    Materials
    • Frame, Batts Insulation, Blown-In Insulation, Cedar, Shake Siding, Stick Built
    • Foundation: Block
    • Roof: Architectural Shingle
    Condition
    • Excellent
    • New construction: No
    • Year built: 1962
    • Major remodel year: 2020

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Phone Available, Propane, Cable

    Community & HOA

    Community
    • Subdivision: Schoolvue
    HOA
    • Has HOA: No
    Location
    • Region: Rehoboth Beach

    Financial & listing details

    • Price per square foot: $1,139/sqft
    • Tax assessed value: $1,407,400
    • Annual tax amount: $555
    • Date on market: 5/5/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Exclusions: Stackable Washer / Dryer In 1st Floor Closet. Extra Refrigerator Located In Basement. Dining Room Chandelier Is Being Replaced.
    • Ownership: Fee Simple
    • Road surface type: Black Top

    Price history

    DateEventPrice
    8/30/2026Sold$2,525,000-6.3%$1,139/sqft
    Source: Bright MLS #DESU2106056 Report a problem
    7/22/2026Contingent$2,695,000$1,216/sqft
    Source: Bright MLS #DESU2106056 Report a problem
    6/1/2026Price change$2,695,000-3.6%$1,216/sqft
    Source: Bright MLS #DESU2106056 Report a problem
    5/5/2026Listed for sale$2,795,000-1.9%$1,261/sqft
    Source: Bright MLS #DESU2106056 Report a problem
    12/22/2025Listing removed$2,850,000$1,286/sqft
    Source: Bright MLS #DESU2088486 Report a problem
    10/10/2025Listed for sale$2,850,000$1,286/sqft
    Source: Bright MLS #DESU2088486 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,972 +82.2%$703,700 +2026%
    2024$1,631 +0.1%$33,100
    2023$1,630 +3.6%$33,100
    2022$1,573 +0.9%$33,100
    2021$1,559 +0.3%$33,100
    2020$1,554 $33,100
    2019$1,554 -0.1%$33,100
    2018$1,556 +7.1%$33,100
    2017$1,454 +9.9%$33,100
    2016$1,322 +4.7%$33,100
    2015$1,263 +0.7%$33,100
    2014$1,254 +2.9%$33,100
    2013$1,219 +0.4%$33,100
    2012$1,214 +14.8%$33,100 +2.6%
    2011$1,057 $32,250
    2010$1,057 -3.2%$32,250
    2009$1,093 $32,250
    2003-- --
    2002-- --
    2001-- --
    Find assessor info on the county website

    Neighborhood: 19971

    Nearby schools

    GreatSchools rating
    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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