$5,166 Closing Credit¹
#DESU2079264, Asa McCune, Listing office: Patterson-Schwartz-Rehoboth
$599,000 List price
20802 Spring Lake Dr Unit 427 Rehoboth Beach, DE 19971
$7,113
Closing credit¹
2 beds
2 full
1,000 sqft
$599 / sqft
Condo
Property details
About 20802 Spring Lake Dr Unit 427
*Savor the Flavor of Coastal Living in this Updated Condo in Sought-After Spring Lake!** Nestled along the picturesque Thompson Island Park in Rehoboth Beach, this charming two-bedroom, two-bathroom condo is the perfect blend of historic charm and modern convenience. With its prime location, you'll be just a stone's throw from the vibrant downtown area, yet surrounded by the serene beauty of the coastal landscape. This condo has been thoughtfully updated to provide the perfect blend of form and function. From the sleek, modern kitchen with stainless steel appliances and granite countertops, to the spacious bedrooms with plush carpeting and Luxury Vinyl and ample closet space, every detail has been carefully considered to ensure a comfortable and relaxing living experience. **Rental Income Producer Extraordinaire!** But it's not just the updates that make this condo a standout – it's also its impressive rental income potential! With its prime location and stunning views of the surrounding landscape, this condo is a sought-after destination for vacationers and beachgoers alike. Whether you're looking to supplement your income or create a lucrative investment opportunity, this condo is sure to deliver. **Amenities Abound!** And when you're not enjoying the comforts of your own home, you'll have access to a range of fabulous amenities, including: * A sparkling pool perfect for lounging on a warm summer day * A private patio area for outdoor entertaining and relaxation * And, of course, the stunning views of the surrounding landscape from every window! **Bike to Downtown Rehoboth Beach or Collect a Substantial Income – the Choice is Yours!** Whether you're looking to enjoy the best of Rehoboth Beach's vibrant downtown scene or create a lucrative investment opportunity, this condo has it all. With its prime location, stunning views, and impressive rental income potential, this is an opportunity you won't want to miss! **Don't Miss Out!** Contact us today to schedule a showing and make this incredible condo your own. Whether you're looking to live, invest, or simply enjoy the best of coastal living, this condo is sure to satisfy your cravings!
Highlights
Home typeCondominium
HeatingWood Stove, Heat Pump
StatusActive
(ACTIVE)
(ACTIVE)
CoolingHeat Pump
Size1,000 sqft
Year built1985
MLS #DESU2087972
FireplaceWood
ViewLake, Pond
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Disposal, Exhaust Fan, Ice Maker, Refrigerator, Microwave, Oven, Electric Range, Washer/Dryer Stacked, Water Heater
- Basement: No
- Flooring Type: Carpet, Vinyl
- Interior: Attic, Breakfast Area, Entry Level Bedroom, Ceiling Fan(s), Skylight(s)
- Fireplace: Wood
- Total Bedroom Count: 2
- Parking: None
- View: Lake, Pond
- Architectural Style: Contemporary
- Heating: Wood Stove, Heat Pump
- Cooling: Heat Pump
- List Price: $599,000
- Price/SqFt: $599
- HOA Amount: $0 Other
- Annual Tax Amount: $1,516
- Tax Year: 2024
- Directions: Enter Spring Lake make a left into and a Right into the 427 lsection.
- Year Built: 1985
- Stories: 2
- Living Area: 1,000 SqFt
- MLS Number: DESU2087972
- MLS Name: BRIGHT
- Office Name: Dave McCarthy & Associates, Inc.
- Office Phone: (302) 426-2080
- Listing Agent: Joseph S Maggio Jr.
- Agent Phone: (302) 381-2268
- Agent Email: joe@maggiorealty.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/6/2025, 12:45:41 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$599,000
20802 Spring Lake Dr Unit 427
$7,113
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 11, 2014 | Home Sold | $270,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $20,750 | $1,516 |
| 2023 | $20,750 | $1,515 |
| 2022 | $20,750 | $1,473 |
| 2021 | $20,750 | $1,462 |
| 2020 | $24,300 | $1,458 |
History based on county public records data.
Nearby schools
9
Rehoboth Elementary School
Public District KG-5
0.5 mi
•500 Stockley St
9
Love Creek Elementary School
Public District KG-5
3.7 mi
•19488 John J Williams Hwy
8
Shields (Richard A.) Elementary School
Public District KG-5
5.7 mi
•910 Shields Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $78,716. Residents of Rehoboth Beach, DE typically earn between $35k-100k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
23%
<35k
37%
35k-100k
26%
100k-200k
14%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
57%
Single, No Kids
4%
Single, with Kids
32%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
3%
12-17 yrs old
10%
18-34 yrs old
54%
35-64 yrs old
28%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Skiing/snowboarding
Figure Skating
Where do the neighbors shop?
Stein Mart
BJs Wholesale Club
Kmart
Where do the neighbors go to eat?
Bob Evans
Panera
Cracker Barrel
What do the neighbors drive?
Lincoln
Infiniti
Lexus
What do the neighbors listen to?
News/Talk/Information
Adult Hits
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Rehoboth Beach, DE
Transportation in Rehoboth Beach includes a mix of private and public options, with local buses serving the area and connecting residents to nearby towns. The town is known for its walkable downtown area, making it easy for residents and visitors to navigate the main attractions on foot. For those commuting by car, Coastal Highway provides a direct route to neighboring cities and attractions. The area is also bike-friendly, with several paths and trails available for cycling enthusiasts.
The community is served by a number of public schools, offering educational opportunities for children of all ages. Healthcare is accessible through local clinics and the nearby Beebe Healthcare, which provides comprehensive medical services. The Rehoboth Beach Public Library serves as a cultural hub, and the town's array of boutique shops and restaurants cater to both local and seasonal populations, reflecting the area's culinary diversity and artistic flair.
Rehoboth Beach is celebrated for its vibrant coastal charm and friendly community atmosphere. The town prides itself on its beautiful beaches, boardwalk, and a variety of shops and eateries that contribute to its character as a beloved summer destination. Annual events like the Rehoboth Beach Independent Film Festival and the Sea Witch Festival reflect the town's cultural identity and draw visitors from across the region.
Rehoboth Beach offers a diverse array of housing options, with a significant portion of the market comprised of single-family homes that feature a mix of contemporary, beach cottage, and colonial architectural styles. Condominiums and townhouses are also prevalent, providing alternatives for those seeking a more communal living experience or lower maintenance properties. The area has seen a steady growth in housing developments, particularly with waterfront and beach-adjacent properties being highly sought after.
About 20802 Spring Lake Dr Unit 427
The listing price of 20802 Spring Lake Dr Unit 427 property is $599,000.
The property 20802 Spring Lake Dr Unit 427 is a condo located in Rehoboth Beach, Delaware, 19971.
Active Listing: 20802 Spring Lake Dr Unit 427 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 20802 Spring Lake Dr Unit 427 are: Rehoboth Elementary School (GreatSchools Rating 9/10), Love Creek Elementary School (GreatSchools Rating 9/10), Shields (Richard A.) Elementary School (GreatSchools Rating 8/10), Beacon Middle School (GreatSchools Rating 7/10), Mariner Middle School (GreatSchools Rating 5/10), Millsboro Middle School (GreatSchools Rating 3/10), Cape Henlopen High School (GreatSchools Rating 5/10), Indian River High School (GreatSchools Rating 5/10), Sussex Central High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $1,516 (source: MLS/based on county public records data).
The last sale was on April 11, 2014 for $270,000 (source: MLS/tax record).
The property at 20802 Spring Lake Dr Unit 427 has 2 bedrooms and 2 bathrooms.
The property 20802 Spring Lake Dr Unit 427 is 1,000 SqFt (source: MLS/tax record).
The year of construction for 20802 Spring Lake Dr Unit 427 is 1985.
This home is located at 20802 Spring Lake Dr Unit 427 in Rehoboth Beach, DE and zip code 19971. This 1,000 square foot home was built in 1985. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 4, 2025 and is currently priced at $599,000.
The number of listings in Rehoboth Beach, DE increased by 39.5% between April and May 2025. The median list price of listings available in May 2025 was $799,600, while the average time on the real estate market was 86 days.
From Rocket Homes Real Estate and based on county public records data.