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For sale
  • Price cut: $24K (7/15)
    $575,000

    20802 Spring Lake Dr UNIT 427, Rehoboth Beach, DE 19971

    2beds
    1,000sqft
    : 
    Condominium
    Built in 1985
    -- sqft lot
    $567,300 Zestimate®
    $575/sqft
    $512/mo HOA

    What's special

    Sparkling poolSleek modern kitchenPrivate patio areaStainless steel appliancesAmple closet spaceSpacious bedroomsGranite countertops
    *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!
    60 days
    on Zillow
    |
    1,863
    |
    59
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 15, 2025 at 06:09am

    Listed by:

    Joe Maggio 302-381-2268,

    Dave McCarthy & Associates, Inc. 3024262080

    Source: Bright MLS,MLS#: DESU2087972MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 20802 Spring Lake Dr UNIT 427.

    Next available tour time:Today at 11:30am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Rooms
    • Room types: Living Room, Dining Room, Primary Bedroom, Kitchen
    Primary bedroom
    • Level: Main
    Dining room
    • Level: Main
    Kitchen
    • Level: Main
    Living room
    • Level: Main
    Heating
    • Wood Stove, Heat Pump, Electric
    Cooling
    • Heat Pump, Electric
    Appliances
    • Included: Dishwasher, Disposal, Exhaust Fan, Ice Maker, Refrigerator, Microwave, Oven/Range - Electric, Washer/Dryer Stacked, Water Heater, Electric Water Heater
    • Laundry: Washer In Unit, In Unit
    Features
    • Attic, Breakfast Area, Entry Level Bedroom, Ceiling Fan(s), Vaulted Ceiling(s)
    • Flooring: Carpet, Vinyl
    • Doors: Storm Door(s)
    • Windows: Screens, Storm Window(s), Skylight(s)
    • Has basement: No
    • Number of fireplaces: 1
    • Fireplace features: Wood Burning
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 1,000
    • Total interior livable area: 1,000 sqft
    • Finished area above ground: 1,000
    Video & virtual tour

    Property

    Parking
    • Parking features: None
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck
    • Pool features: Community
    • Has view: Yes
    • View description: Lake, Pond
    • Has water view: Yes
    • Water view: Lake,Pond
    • Waterfront features: Pond
    Details
    • Additional structures: Above Grade
    • Parcel number: 33420.001.00427
    • Zoning: RESIDENTIAL
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Contemporary
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Stick Built, Cedar
    • Foundation: Slab
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1985

    Utilities & green energy

    • Electric: 220 Volts
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Phone, Cable

    Community & HOA

    Community
    • Features: Pool
    • Subdivision: Spring Lake
    HOA
    • Has HOA: Yes
    • Amenities included: Reserved/Assigned Parking, Pool
    • Services included: Common Area Maintenance, Maintenance Structure, Maintenance Grounds, Management, Pool(s), Road Maintenance, Reserve Funds
    • Condo and coop fee: $1,535 quarterly
    Location
    • Region: Rehoboth Beach

    Financial & listing details

    • Price per square foot: $575/sqft
    • Tax assessed value: $48,600
    • Annual tax amount: $1,516
    • Date on market: 6/4/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Inclusions: Most Of The Contents And The Appliances.
    • Exclusions: Personal Photos And A Few Items.
    • Ownership: Fee Simple
    • Total actual rent: 25000
    • Road surface type: Black Top
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