NOT LISTED FOR SALE

22024 Coastal Hwy Rehoboth Beach, DE 19971

Estimated Value: $486,451 - $3,113,000

4 Beds
4.5 Baths
4,704 Sq Ft
$440/Sq Ft Est. Value

Last Sold January 24, 2025

Last sale price $2,825,000 $601 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $12,019/month

211 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Ocean View
  • Beach
  • Rehoboth Elementary School Rated A
  • Primary bedroom faces the bay
  • Access to Tidal Water

About This Home

As of January 2025

Unparalleled sunset views can be enjoyed from almost every angle of this stunning, custom-built bayfront home situated in the private beach community of Indian Beach. Cedar shake siding, meticulously manicured landscaping complete with custom lighting, and a spacious paver driveway are just a few of the attractive elements that contribute to the home’s excellent curb appeal. Tasteful and timeless selections include beautiful hardwood floors throughout, a neutral color palette, sleek marble and granite counters, classic tiles in the baths, and plantation shutters throughout. The spacious floor plan spans over 4,700 sq/ft and includes an elevator for convenience, multiple living spaces, a wet bar, formal dining room, wood burning fireplace with custom built-in surround, two luxurious primary suites each with spa-like baths, and a gourmet kitchen complete with expansive counter space, island and breakfast bar, dual sinks and commercial grade appliances including a 6-burner gas Viking cooktop, oven, and Sub-Zero refrigerator. Enjoy picturesque views of the Rehoboth Bay from over 1,500 sq/ft of outdoor living spaces including patios, covered porches, and sun-decks spanning the entire rear of the home and strategically placed for optimum bay and even ocean views. With convenience to the Rehoboth Sailing Association, Delaware State Parks, Dewey Beach & Rehoboth Beach amenities, and the private ocean beach access just steps away, this home leaves little to the imagination!

Last Agent to Sell the Property

Shaun Tull

Jack Lingo - Rehoboth License #RS-0016284 Listed on: 03/26/2024

Jack Lingo - Rehoboth

Co-Listed By

Bryce Lingo

Jack Lingo - Rehoboth License #RA-0001746

Last Buyer's Agent

Shirley Kalvinsky

Jack Lingo - Rehoboth License #RA0001681

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,991

Year Built

  • Built in 2007

Lot Details

  • 7.82 Acre Lot
  • 100 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Open Space
  • Landscaped
  • Extensive Hardscape
  • Premium Lot
  • Sprinkler System
  • Tidal Wetland on Lot
  • Property is in excellent condition
  • Property is zoned MR

HOA Fees

  • $218 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 8 Driveway Spaces
  • Garage Door Opener
  • Gravel Driveway

Property Views

  • Ocean
  • Bay
  • Panoramic

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Frame Construction
  • Blown-In Insulation
  • Batts Insulation
  • Architectural Shingle Roof
  • Shake Siding
  • Piling Construction
  • Stick Built Home
  • Cedar

Interior Spaces

  • 4,704 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Insulated Windows
  • Window Treatments
  • Sliding Windows
  • Window Screens
  • Sliding Doors
  • Insulated Doors
  • Entrance Foyer
  • Family Room Off Kitchen
  • Combination Kitchen and Living
  • Formal Dining Room

Kitchen

  • Eat-In Gourmet Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Water Access
  • Property near a bay
  • Bulkhead
  • Deck
  • Screened Patio
  • Exterior Lighting
  • Shed
  • Rain Gutters
  • Porch

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Powered By Owned Propane
  • Vented Exhaust Fan
  • Propane
  • Tankless Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-23.10-1.03

Community Details

Overview

  • Association fees include common area maintenance, management, road maintenance
  • $200 Other One-Time Fees
  • Hps Management HOA
  • Indian Beach Subdivision

Recreation

  • Beach

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,991

Year Built

Built in 2007

Lot Details

0

HOA Fees

$218 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Exclusions: Beaded chandelier, Faux bamboo mirror, Baby blue pagoda light fixture
  • Inclusions: Furniture with exclusions
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2007
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Unparalleled sunset views can be enjoyed from almost every angle of this stunning, custom-built bayfront home situated in the private beach community of Indian Beach. Cedar shake siding, meticulously manicured landscaping complete with custom lighting, and a spacious paver driveway are just a few of the attractive elements that contribute to the home’s excellent curb appeal. Tasteful and timeless selections include beautiful hardwood floors throughout, a neutral color palette, sleek marble and granite counters, classic tiles in the baths, and plantation shutters throughout. The spacious floor plan spans over 4,700 sq/ft and includes an elevator for convenience, multiple living spaces, a wet bar, formal dining room, wood burning fireplace with custom built-in surround, two luxurious primary suites each with spa-like baths, and a gourmet kitchen complete with expansive counter space, island and breakfast bar, dual sinks and commercial grade appliances including a 6-burner gas Viking cooktop, oven, and Sub-Zero refrigerator. Enjoy picturesque views of the Rehoboth Bay from over 1,500 sq/ft of outdoor living spaces including patios, covered porches, and sun-decks spanning the entire rear of the home and strategically placed for optimum bay and even ocean views. With convenience to the Rehoboth Sailing Association, Delaware State Parks, Dewey Beach & Rehoboth Beach amenities, and the private ocean beach access just steps away, this home leaves little to the imagination!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Oven - Wall, Refrigerator, Icemaker, Dishwasher, Dryer, Microwave, Washer, Exhaust Fan, Water Heater - Tankless, Disposal, Extra Refrigerator/Freezer
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Ceiling Fan(s), Bar, Built-Ins, Carpet, Combination Kitchen/Living, Dining Area, Elevator, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Primary Bedroom - Bay Front, Recessed Lighting, Upgraded Countertops, Window Treatments, Wood Floors
  • Window Features: Screens, Insulated, Sliding
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass, Insulated
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall, High, Vaulted Ceilings
  • Foundation Details: Pilings
  • Levels Count: 3
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Foyer, Bedroom 1, Laundry, Bathroom 1, Bathroom 2, Primary Bathroom
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit, Main Floor
  • Total Sq Ft: 4704
  • Living Area Sq Ft: 4704
  • Price Per Sq Ft: 680.27
  • Above Grade Finished Sq Ft: 4704
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 22024

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 3
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 3
  • Upper Level Full Bathrooms: 1
  • Upper Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed, Garage(s)
  • Construction Materials: Frame, Blown-In Insulation, Cedar, Shake Siding, Stick Built, Batts Insulation
  • Exterior Features: Underground Lawn Sprinkler, Extensive Hardscape, Exterior Lighting, Gutter System, Outside Shower
  • Road Surface Type: Black Top
  • Roof: Architectural Shingle
  • Spa: No
  • View: Bay, Ocean, Panoramic, Water
  • Water Access: Yes
  • Water Body Name: Rehoboth Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Crushed Stone
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 8

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric, Propane - Owned
  • Heating Type: Zoned, Forced Air
  • Heating: Yes
  • Hot Water: Electric, Tankless
  • Security: Smoke Detector, Security System, Carbon Monoxide Detector(s)
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Phone Available, Propane
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Fixed Wireless

Condo/Co-op/Association

  • HOA Fees: 2620.74
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Road Maintenance
  • HOA Name: HPS MANAGEMENT
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Other Fees: 200.00
  • Other Fees Frequency: One Time

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Horses: No
  • Lot Features: Adjoins - Open Space, Bulkheaded, Landscaping, Premium, Tidal Wetland
  • Lot Size Acres: 7.82
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 340639.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 3631.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 3991.00
  • Assessor Parcel Number: 334-23.10-1.03
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 01/24/2025

Multi Family

  • Federal Flood Zone: AE7

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2024
Closed on
Jan 24, 2025
Sold by
Hertrich Christopher D
Bought by
Ali And Diane Tabatabai Revocable Trust and Tabatabai
Seller's Agent
Shaun Tull
Jack Lingo - Rehoboth
Buyer's Agent
Shirley Kalvinsky
Jack Lingo - Rehoboth
List Price
$3,500,000
Sold Price
$2,825,000
Premium/Discount to List
-$675,000
-19.29%
Views
339
Current Estimated Value
$2,071,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$753,183
Avg. Annual Appreciation
-44.29%

Purchase Details

Closed on
Oct 31, 2011
Sold by
Thompson Christopher R
Bought by
Hertrich Christopher D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,248,000
Interest Rate
4.01%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ali And Diane Tabatabai Revocable Trust $2,825,000 None Listed On Document
Ali And Diane Tabatabai Revocable Trust $2,825,000 None Listed On Document
Hertrich Christopher D $1,920,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hertrich Christopher D $440,000
Previous Owner Hertrich Christopher D $1,248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2025 01/24/25 Sold $2,825,000 -11.7% $601 / Sq Ft
08/19/2024 08/19/24 Price Changed $3,200,000 -8.6% $680 / Sq Ft
03/26/2024 03/26/24 For Sale $3,500,000 -- $744 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,313 $81,050 $10,000 $71,050
2023 $4,310 $81,050 $10,000 $71,050
2022 $4,171 $81,050 $10,000 $71,050
2021 $4,135 $81,050 $10,000 $71,050
2020 $4,123 $81,050 $10,000 $71,050
2019 $4,107 $81,050 $10,000 $71,050
2018 $3,559 $81,050 $0 $0
2017 $3,408 $81,050 $0 $0
2016 $3,309 $81,050 $0 $0
2015 $3,165 $81,050 $0 $0
2014 -- $81,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2058476

Bright MLS

APN: 334-23.10-1.03