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$540,000

  • Sold
  • Closed
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,000 Sq. Ft.
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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!

Full Property Details for 20802 Spring Lake Dr #427

General

  • Sold For: $540,000
  • HOA FEE: $1,535/month
  • Status: Closed
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2087972
  • Added to Site: 278 day(s) ago

Interior

  • Number of Rooms: 5
  • Rooms/Areas: Living Room, Dining Room, Primary Bedroom, Kitchen
  • Interior Features: Attic, Breakfast Area, Entry Level Bedroom, Ceiling Fan(s), Skylight(s)
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Wood
  • Appliances: Dishwasher, Disposal, Exhaust Fan, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer/Dryer Stacked, Water Heater
  • Furnished: Yes
  • Flooring: Carpet, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Floor Baths: 2
  • Main - Full Baths: 2

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main & Up: 2

Other Rooms

  • Laundry: Washer In Unit

Additional Information

  • Shared Amenities: Reserved/Assigned Parking, Swimming Pool, Pool - Outdoor
  • Shared Pool: Yes
  • Pool: Yes

Exterior

  • Porch/Patio/Deck: Deck(s)

Parking

  • Parking Type: None

Location

  • Area: Lewes Rehoboth Hundred (31009)
  • County: SUSSEX
  • Subdivision: SPRING LAKE
  • Driving Directions: Enter Spring Lake make a left into and a Right into the 427 lsection.
  • Location Details: Pond

School Information

  • School District: Cape Henlopen
  • High School: Cape Henlopen

Community

  • Association: Yes
  • Assoc. Fees Include: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Pool(s), Road Maintenance, Reserve Funds
  • Pets Allowed: Yes
  • Pets: Number Limit

Heating & Cooling

  • Cooling Type: Heat Pump(s)
  • Cooling Fuel: Electric
  • Heating Type: Wood Burn Stove, Heat Pump(s)
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV, Phone

Structural Information

  • Architectural Style: Contemporary
  • Structure Type: Garden 1 - 4 Floors
  • Construction: Stick Built, Cedar
  • Foundation: Slab
  • Roof: Composite
  • Common Walls: 2+ Common Walls
  • Walls/Ceilings: Vaulted Ceilings
  • Windows: Screens, Storm
  • Doors: Storm
  • Entry Floor Number: 2
  • Stories Description: Main
  • Square Feet: 1,000
  • Sq. Ft. Source: Estimated
  • Living Area: 1,000 Sq. Ft.
  • Finished Above Grnd: 1,000 Sq. Ft.
  • Year Built: 1985
  • Year Built Source: Estimated

Lot Features

  • Property View: Lake, Pond
  • Street/Road Desc.: Black Top
  • Zoning: RESIDENTIAL

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $555
  • For Lease: Yes
  • Condo Fee: $1,535
  • Condo Fee Freq: Quarterly
  • County Tax: $934
  • County Tax Freq: Annually
  • Terms: Standard Sale

Disclosures and Reports

  • Ownership: Fee Simple
  • Condo: Yes
  • Exclusions: Personal photos and a few items.
  • Inclusions: Most of the contents and the appliances.

Listed and Sold by Dave McCarthy & Associates, Inc., Joseph S Maggio Jr.

Listing agent

— 20802 Spring Lake Dr #427 —

  • Joseph S Maggio Jr.

    Dave McCarthy & Associates, Inc.

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 20802 Spring Lake Dr #427

School District:Cape Henlopen School District
NameGradesDistance
Rehoboth Elementary School
500 Stockley Street, Rehoboth Beach, DE 19971
PK-60.5 mi
Beacon Middle School
19483 John J Williams Highway, Lewes, DE 19958
4-83.5 mi
Cape Henlopen High School
1250 Kings Highway, Lewes, DE 19958
8-125.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 20802 Spring Lake Dr #427

Date
Details
Price
Change
Source
1/26/2026
Sold
$540,000
-2.7%
MLS
10/15/2025
Price Reduced
$555,000
-1.77%
MLS
10/08/2025
Price Reduced
$565,000
-1.74%
MLS
7/15/2025
Price Reduced
$575,000
-4.01%
MLS
6/04/2025
Listed
$599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Dave McCarthy & Associates, Inc., Joseph S Maggio Jr.

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20802 Spring Lake Drive #427, Rehoboth Beach, DE 19971 (MLS# DESU2087972) is a Condo property that was sold at $540,000 on January 26, 2026. Want to learn more about 20802 Spring Lake Drive #427? Do you have questions about finding other Condo real estate for sale in Rehoboth Beach? You can browse all Rehoboth Beach real estate or contact a Coldwell Banker agent to request more information.