20802 Spring Lake Drive # 427 Rehoboth Beach, DE $ 555,000
20802 Spring Lake Drive # 427
$ 555,000
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20802 Spring Lake Drive # 427

Rehoboth Beach, DE, 19971
$ 555,000
Bedrooms2 Baths2.0 Sq 1,000

Monthly Estimate*

$ 3,462

20802 Spring Lake Drive # 427, Rehoboth Beach, DE 19971 - Image 1
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Condo for sale in Rehoboth Beach, DE

for $555,000 with 2 bedrooms and 2 full baths. This 1,000 square foot condo was built in 1985.

READY TO GO AND FULLY FURNISHED *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!

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Condo Pending

Price

$ 555,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 0

Style

Contemporary

Year Built

1985

Town/City

Rehoboth Beach

County/Region

Sussex

MLS | Web ID

DESU2087972

Features
General
Living Area 1000
Sewer Public Sewer
Heating Wood Burn Stove Heat Pump(s)
Cooling Heat Pump(s)
Utilities Cable TV Phone
Possession 61-90 Days CD 31-60 Days CD Immediate
Roof Composite
Appliances Dishwasher Disposal Exhaust Fan Icemaker Refrigerator Microwave Oven/Range - Electric Washer/Dryer Stacked Water Heater
Zoning RESIDENTIAL
HOA Fee 0.00
Association Fee Includes Common Area Maintenance Ext Bldg Maint Lawn Maintenance Management Pool(s) Road Maintenance Reserve Funds
Patio/Porch Features Deck(s)
Architectural Style Contemporary
Construction Materials Stick Built Cedar
School District CAPE HENLOPEN
Exclusions Personal photos and a few items.
Year Built 1985
Electric 220 Volts
View Lake Pond
Levels 2
Unit Number 427
Ownership Fee Simple
Cool Fuel Electric
Building Name NONE AVAILABLE
Accessibility None
HOA Fee 2 1535.00
Assoc Fee Paid Per Unknown
County SUSSEX
New Construction N
Property Type Residential
Association Amenities Reserved/Assigned Parking Swimming Pool Pool - Outdoor
HOA Y
Subdivision Name SPRING LAKE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade
Total Rooms 5
Full Baths 2
Status PENDING
Directions Enter Spring Lake make a left into and a Right into the 427 lsection.
City REHOBOTH BEACH
Disclosures Prop Disclosure
Senior Community Y/N N
MLS Area Lewes Rehoboth Hundred (31009)
HOA Fee 2 Frequency Quarterly
Home Warranty Y/N N
Structure Type Unit/Flat/Apartment
Condo/Coop Association fee Y/N Y
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft Total AG 555.0
Acceptable Financing Cash Conventional
Additional Parcels Y/N N
Community Pool Features In Ground
Historic Y/N N
Lease Considered Y/N Y
Vacation Rental Y/N Y
Virtual Tour https://tours.360visions.com/idx/279584
Location Type Pond
Sussex DE Quadrants Between Rt 1 & 113
Standard Status Pending
Year Built Source Estimated
Legal Subdivision SPRING LAKE
Total Actual Rent 25000.00
Association Recreation Fee N
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Interior
Interior Amenities Attic Breakfast Area Entry Level Bedroom Ceiling Fan(s) Skylight(s)
Heating Fuel Electric
Flooring Carpet Vinyl
Total Fireplaces 1
Fireplace Features Wood
Hot Water Electric
Common Walls 2+ Common Walls 2+ Common Walls
Basement (Y/N) N
Heating Y/N Y
Window Features Screens Storm
Fireplace Y/N Y
Above Grade Finished Area 1000
Central Air Y/N N
Total Bedrooms 2
Entry Level 2
Room Type Living Room Dining Room Primary Bedroom Kitchen
Main Level Bedrooms 2
Laundry Type Washer In Unit
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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Exterior
Pool Yes - Community
Water Source Public
Inclusions Most of the contents and the appliances.
Type of Parking None
Foundation Details Slab
Spa N
Water View Y/N Y
Road Surface Type Black Top
Waterfront Y/N N
Door Features Storm
Road Responsibility Public
Horse Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 20802
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* Excluded Features
List By
Dave Mccarthy & Associates, Inc.

Broker

joe@maggiorealty.com

Email

Affordability Calculator

$3,462
Per Month
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Monthly Principal & Interest
$3,462
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2314408 Elementary School
2314409 Middle School
Cape Henlopen High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2025$555,000 -1.77% Price Down
10/8/2025$565,000 -1.74% Price Down
7/15/2025$575,000 -4.01% Price Down
6/4/2025$599,000 Listed Price

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20802 Spring Lake Drive # 427, Rehoboth Beach, DE, 19971 is a Condo for sale at $555,000 with 1,000 sqft. 20802 Spring Lake Drive # 427 has 2 bedrooms, 2.0 baths, and was built in 1985. The property's zip code is 19971 which is in Rehoboth Beach, DE