2 Lots just outside town limits just 2.5 blocks from the iconic Boardwalk and the shimmering Atlantic Ocean. build two homes and share the pool. , The existing Cottage is a charming classic is nestled on not one, but two spacious lots in the desirable Silver Lake Manor neighborhood. A true retreat that combines the convenience of downtown Rehoboth with a sense of serene privacy. Step inside this picturesque home and prepare to be captivated. Boasting alluring Cottage Chic upgrades, including gleaming stainless steel appliances, stunning Carrera marble countertops, farm sink, upgraded cabinetry, and a generously sized, 19x23 screened porch for outdoor living, every aspect has been meticulously designed to offer both style and comfort. The striking property itself presents an enticing opportunity for local high-end builders, while at the same time, it should not be underestimated as a hidden gem in its own right. With a full basement for additional space and storage, a large heated pool adorned by gas torches with fenced yard ensuring privacy and security, and a delicate touch of original knotty pine, this well-cared-for home offers the epitome of comfortable living. Although it has never been rented before, the potential for this exquisite property to generate over $100K per season is evident, making it an exceptional investment opportunity. But for now, take a moment to unwind on the charming back deck and savor the breathtaking sunsets with a refreshing beverage in hand. Let the cares of the day melt away as you embrace the truly endless beauty that surrounds you.
Sold for $2,300,000 on 11/06/23
$2,300,000
38180 Terrace Rd, Rehoboth Beach, DE 19971
3beds
1,600sqft
Single Family Residence
Built in 1974
0.32 Acres Lot
$2,645,500 Zestimate®
$1,438/sqft
$2,541 Estimated rent
Home value
$2,645,500
$2.30M - $3.07M
$2,541/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 06, 2023 at 07:25am
Listed by:
Joe Maggio 302-381-2268,
Dave McCarthy & Associates, Inc.,
Co-Listing Agent: Kim Hitchens 302-381-1071,
Dave McCarthy & Associates, Inc.
Bought with:
Cindy Souza
Long & Foster Real Estate, Inc.
Source: Bright MLS,MLS#: DESU2045668
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 3
Heating
- Forced Air, Heat Pump, Propane, Oil
Cooling
- Attic Fan, Central Air, Heat Pump, Electric, Other
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Extra Refrigerator/Freezer, Ice Maker, Refrigerator, Microwave, Oven/Range - Gas, Self Cleaning Oven, Washer, Electric Water Heater
- Laundry: Main Level, Laundry Room
Features
- Attic, Breakfast Area, Kitchen - Country, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Ceiling Fan(s)
- Flooring: Hardwood, Tile/Brick
- Doors: Insulated, Storm Door(s)
- Windows: Insulated Windows, Screens, Window Treatments
- Basement: Full,Sump Pump
- Number of fireplaces: 1
- Fireplace features: Gas/Propane
Interior area
- Total structure area: 1,600
- Total interior livable area: 1,600 sqft
- Finished area above ground: 1,600
Property
Parking
- Total spaces: 4
- Parking features: Garage Door Opener, Surface, Off Street, Driveway, Attached
- Attached garage spaces: 1
- Uncovered spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Porch, Enclosed, Screened
- Exterior features: Lawn Sprinkler, Outdoor Shower
- Has private pool: Yes
- Pool features: Concrete, Gunite, Heated, In Ground, Private
- Has spa: Yes
- Spa features: Bath, Hot Tub
- Fencing: Full
- Has view: Yes
- View description: Street
- Waterfront features: Ocean
- Body of water: Atlantic
- Frontage length: Road Frontage: 100
Lot
- Size: 0.32 Acres
- Dimensions: 100 x 118
- Features: Landscaped, Wooded, Subdivision Possible, Downtown
Details
- Additional structures: Above Grade
- Parcel number: 33420.0918.00
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch/Rambler
- Property subtype: Single Family Residence
Materials
- Stick Built, Vinyl Siding
- Foundation: Block
- Roof: Architectural Shingle,Asbestos Shingle
Condition
- Very Good,Excellent
- New construction: No
- Year built: 1974
- Major remodel year: 2021
Utilities & green energy
- Electric: 220 Volts, 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Propane, Phone
Community & neighborhood
Location
- Region: Rehoboth Beach
- Subdivision: Silver Lake Manor
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Road surface type: Black Top
Price history
| Date | Event | Price |
|---|---|---|
| 11/6/2023 | Sold | $2,300,000-9.8%$1,438/sqft |
Source:  Bright MLS #DESU2045668 Report a problem | ||
| 10/14/2023 | Pending sale | $2,550,000$1,594/sqft |
Source: Bright MLS #DESU2045668 Report a problem | ||
| 9/21/2023 | Contingent | $2,550,000$1,594/sqft |
Source: Bright MLS #DESU2045668 Report a problem | ||
| 9/6/2023 | Price change | $2,550,000-1.9%$1,594/sqft |
Source: Bright MLS #DESU2045668 Report a problem | ||
| 8/5/2023 | Listed for sale | $2,600,000$1,625/sqft |
Source: Bright MLS #DESU2045668 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,773 +0.1% | $29,500 |
| 2023 | $1,771 +2.9% | $29,500 |
| 2022 | $1,721 +0.8% | $29,500 |
Find assessor info on the county website
Neighborhood: 19971
Nearby schools
GreatSchools rating
- 8/10Rehoboth Elementary SchoolGrades: K-5Distance: 0.3 mi
- 7/10Beacon Middle SchoolGrades: 6-8Distance: 3.5 mi
- 8/10Cape Henlopen High SchoolGrades: 9-12Distance: 5.1 mi
Schools provided by the listing agent
- 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.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$2,645,500
2% more+ $52,910
With Zillow Showcase(estimated)
$2,698,410