$9,084 Closing Credit¹
Andrew White, Listing Office: Compass
$7,838
closing credit¹
20898 E Dr Unit 551 Rehoboth Beach, DE 19971
$660,000 List price
$7,838
Closing credit¹
2 beds
2 full
1,592 sqft
36.6 acres
$415 / sqft
Condo
Property details
About 20898 E Dr Unit 551
Welcome to 551 Spring Lake! This beautifully remodeled 2-bedroom condo, plus a versatile loft, is nestled in the sought after 5th phase of Spring Lake, overlooking a serene pond. This bright and inviting end unit is bathed in natural light, enhancing the spacious layout. The kitchen and bathrooms have been nicely updated. The kitchen features granite counters, tiled backsplash and stainless appliances. The main level includes two bedrooms and two bathrooms. The guest room has 2 single Murphy beds, allowing for multiple uses when not designated as a sleeping space. The large loft offers a flexible space which could also be used as a 3rd bedroom. A cozy fireplace adds warmth and ambiance on cooler evenings. Step out onto your private deck to enjoy tranquil pond views - the perfect spot for morning coffee or evening cocktails. Spring Lake is a meticulously maintained, beautifully landscaped community, offering three ponds, walking trails in the Thompson Island Preserve and a community pool. Ideally situated within easy walking distance to the beach and all the lively attractions of Rehoboth Beach and Dewey Beach. This condo presents a perfect blend of comfort, style and convenience. It would be a wonderful vacation home, permanent residence or investment property. Don't miss this opportunity!
Highlights
Home typeCondominium
HeatingHeat Pump
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)
(ACTIVE UNDER CONTRACT)
CoolingCentral Air
Size1,592 sqft
Lot size36.57 Acres
Year built1994
ParkingAssigned, On Street
MLS #DESU2074070
FireplaceWood
Summary
- MLS Number: DESU2074070
- MLS Name: BRIGHT
- Office Name: Jack Lingo - Rehoboth
- Office Phone: (302) 227-3883
- Listing Agent: CHRISTINA HAAG
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: 1/24/2025, 6:20:52 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
$660,000
20898 E Dr Unit 551
$7,838
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 02, 2005 | Home Sold | $436,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $25,750 | $1,606 |
| 2020 | $27,350 | $1,601 |
| 2018 | $27,350 | $1,201 |
| 2017 | $27,350 | $1,150 |
History based on county public records data.
Nearby schools
9
Rehoboth Elementary School
Public District KG-5
0.6 mi
•500 Stockley St
9
Love Creek Elementary School
Public District KG-5
3.8 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. Typical income of Rehoboth Beach, DE residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
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
About 20898 E Dr Unit 551
This home is located at 20898 E Dr Unit 551 in Rehoboth Beach, DE and zip code 19971. This 1,592 square foot home, which was built in 1994, sits on a 36.57 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 10, 2024 and is currently priced at $660,000.
In December 2024, from all listings sold in Rehoboth Beach, DE there were more than 2 sold above asking price, over 20 sold below and more than 10 were sold right at the asked price. Between November and December 2024, Rehoboth Beach, DE real estate market has seen decrease in the number of listings by 2.2%. In December 2024 median list price was $754,790 and the average listing age was 42 days.
From Rocket Homes Real Estate and based on county public records data.