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For sale
    • Price cut: $100K (6/1)
    $2,695,000

    518 New Castle Street Ext, Rehoboth Beach, DE 19971

    4beds
    2,217sqft
    : 
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    Single Family Residence
    Built in 1962
    0.29 Acres Lot
    $2,513,200 Zestimate®
    $1,216/sqft
    $-- HOA

    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.
    69 days
    |
    1,566
    |
    85
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    SHAUN TULL 302-226-6417,

    Jack Lingo - Rehoboth (302) 227-3883,

    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

    Source: Bright MLS,MLS#: DESU2106056MLS Logo

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      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
      Video & virtual tour

      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: $1,216/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.
      • Ownership: Fee Simple
      • Road surface type: Black Top

        Estimated market value

        $2,513,200

        $2.39M - $2.64M

        $3,413/mo

        Price history

        DateEventPrice
        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+375%$1,286/sqft
        Source: Bright MLS #DESU2088486 Report a problem
        8/18/2009Sold$600,000$271/sqft
        Source: Agent Provided 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

        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.
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        Climate risks

        Neighborhood: 19971

        Getting around

        48 / 100
        Car-Dependent
        59 / 100
        Bikeable

        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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