$10,000 Closing Credit¹
#DESU2083038, Torianne M Weiss Hamstead, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
$1,999,000 List price
20906 Old Bay Rd Rehoboth Beach, DE 19971
$10,000
Closing credit¹
6 beds
5 full
4,500 sqft
0.3 acres
$444 / sqft
House
Property details
About 20906 Old Bay Rd
Luxurious Coastal Retreat – Rehoboth Beach/Dewey Beach, DE Completely remodeled and just moments from the beach and downtown Dewey Beach, this stunning 6-bedroom, 5-bathroom home offers a perfect blend of modern luxury and coastal charm. With spacious living areas across two levels, this property is ideal for year-round living, vacation getaways, or a high-performing rental investment. The open-concept layout is perfect for entertaining, highlighted by a chef’s kitchen featuring high-end stainless steel appliances, custom cabinetry, and a butler’s pantry. The luxurious primary suite boasts heated bathroom floors, a large walk-in shower, and a whirlpool tub. A newly added second-floor suite with private entrance and deck is ideal for guests or multigenerational living. Two dedicated office spaces offer added flexibility for remote work or extra living areas. Outdoor living shines with extensive hardscaping, a Cambridge patio, hot tub, irrigated landscaping, cedar garden boxes, and a heated greenhouse with electricity. A vinyl privacy fence surrounds the property, creating a true backyard sanctuary. The garage is fully outfitted for woodworking or creative projects, with 240V power and ample workspace. Recent updates include: - New roof (Jan 2025) - Oversized concrete driveway - New 2nd floor ductwork - Reverse osmosis water system - Two 50-gallon water heaters - Conditioned crawlspace with dehumidifiers - Upgraded PVC waterline Proven rental income: $1,600/night on summer weekends and $60K–$75K in gross annual revenue Furniture is negotiable—seller is open to selling fully furnished for a turnkey rental or immediate use. Don’t miss this rare opportunity to own a versatile, income-producing coastal home that’s equally suited for family living, vacation use, or multigenerational stays. Schedule your private showing today. https://vimeo.com/1076842471
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size4,500 sqft
Lot size0.32 Acres
Year built1970
ParkingGarage - Front Entry, Attached Garage,Driveway
MLS #DESU2079266
Garage2 spaces
FireplaceBrick, Wood
Virtual tour
Summary
- MLS Number: DESU2079266
- MLS Name: BRIGHT
- Office Name: Patterson-Schwartz-Rehoboth
- Office Phone: (302) 703-6987
- Office Email: realinfo@psre.com
- Listing Agent: Asa McCune
- Agent Phone: (302) 256-9311
- Agent Email: amccune@psre.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: 4/26/2025, 3:20:50 AM 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
$1,999,000
20906 Old Bay Rd
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 15, 2016 | Home Sold | $660,000 |
| Sep 07, 2007 | Home Sold | $850,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $27,550 | $1,715 |
| 2023 | $27,550 | $1,675 |
| 2022 | $27,550 | $1,627 |
| 2021 | $27,550 | $1,615 |
| 2020 | $27,550 | $1,610 |
| 2018 | $27,550 | $1,209 |
| 2017 | $27,550 | $1,158 |
History based on county public records data.
Nearby schools
9
Rehoboth Elementary School
Public District KG-5
0.8 mi
•500 Stockley St
9
Love Creek Elementary School
Public District KG-5
4.0 mi
•19488 John J Williams Hwy
8
Shields (Richard A.) Elementary School
Public District KG-5
5.9 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. Residents typically live in single, no kids family. Residents of this area typically 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 20906 Old Bay Rd
This home is located at 20906 Old Bay Rd in Rehoboth Beach, DE and zip code 19971. This 4,500 square foot home, which was built in 1970, sits on a 0.32 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 21, 2025 and is currently priced at $1,999,000.
In March 2025 more than 9 listings in Rehoboth Beach, DE were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 19 were sold below. In March 2025 in Rehoboth Beach, DE there were 30.2% more homes for sale than in February. The median list price of listings available in March 2025 was $800,326, while the average time on the real estate market was 69 days.
From Rocket Homes Real Estate and based on county public records data.