NOT LISTED FOR SALE

Estimated Value: $1,214,000 - $9,448,000

10 Beds
8 Baths
7,100 Sq Ft
$801/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $8,600,000 $1,211 Per Sq Ft

Est. 34% decrease in value since last sale

Current estimated payment $31,761/month

72 Days on Market

Highlights

  • Ocean Front
  • Primary bedroom faces the ocean
  • Access to Tidal Water
  • Rehoboth Elementary School Rated A
  • Beach
  • Gourmet Kitchen

About This Home

As of July 2021

Welcome to 4 Ocean Drive, an oceanfront masterpiece situated in the prestigious community of North Shores. This Rehoboth Beach oasis boasts incredible panoramic ocean views at every turn, expansive decks on each level and access to a tranquil private beach. The epitome of luxury, this sprawling home offers 10 bedrooms and 8 full baths spread over 4 levels with elevator access to each. This home could not be duplicated with current building code. The main floor features reclaimed hardwood floors, gourmet kitchen with Carrara marble countertops and backsplash, stainless steel appliances, eight burner range with dual oven, wine fridge, and 12-foot breakfast bar, dining area with seating for 10, spacious living room, guest bedroom with en-suite bath, flex room and laundry. Step upstairs to find the ideal space for all your guests. This level offers another expansive living room, which is adorned by a gas fireplace, magnificent custom built-ins, beverage fridge, hardwood floors, additional sitting area, Jack and Jill suite, plus an additional guest bedroom and full bath. The uppermost level is the perfect space for the owners to retreat and unwind. Two master suites each offer breath-taking views of the Atlantic Ocean, private decks to take in the ocean breeze, and spa-like master baths with soaking jacuzzi tubs and showers. The master suites are flanked by a light filled and open sitting room with wet bar and custom-built ins. The ground level includes a den, flex space, 2 guest bedrooms, 2 full baths and additional laundry room. You will never run out of ways to be entertained in North Shores since this amenity rich community includes access to the Gordon’s Pond Trail, community pool, marina and tennis courts while located only minutes to Rehoboth Avenue which is lined with a magnitude of restaurants and shops. Excellent opportunity and this elegant property is ready to become your summer retreat!

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 03/26/2021

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 226-6417 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 03/26/2021

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,632

Year Built

  • Built in 2005

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 79.00 x 250.00
  • Ocean Front
  • Home fronts navigable water
  • Partially Fenced Property
  • Extensive Hardscape
  • Property is zoned AR-1

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • 6 Driveway Spaces
  • Front Facing Garage

Home Design

  • Coastal Architecture
  • Architectural Shingle Roof
  • Cedar

Interior Spaces

  • 7,100 Sq Ft Home
  • Property has 4 Levels
  • Open Floorplan
  • Partially Furnished
  • Bar
  • Ceiling Fan
  • Recessed Lighting
  • Screen For Fireplace
  • Gas Fireplace
  • Window Screens
  • Combination Dining and Living Room
  • Ocean Views

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom faces the ocean

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Garage Access

Home Security

  • Home Security System
  • Storm Windows
  • Fire and Smoke Detector

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property is near an ocean
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Vented Exhaust Fan
  • Multi-Tank Propane Water Heater
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-14.05-123.00

Community Details

Overview

  • Association fees include common area maintenance, pool(s), reserve funds
  • North Shore Board Of Governors HOA
  • North Shores Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Community Pool

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,632

Year Built

Built in 2005

Lot Details

0

HOA Fees

$200 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Exclusions: Staging Items include bedding, throw pillows, greenery, lamps, accessories, etc.
  • Inclusions: All major fixtures and appliances. Furniture negotiable
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 4 Ocean Drive, an oceanfront masterpiece situated in the prestigious community of North Shores. This Rehoboth Beach oasis boasts incredible panoramic ocean views at every turn, expansive decks on each level and access to a tranquil private beach. The epitome of luxury, this sprawling home offers 10 bedrooms and 8 full baths spread over 4 levels with elevator access to each. This home could not be duplicated with current building code. The main floor features reclaimed hardwood floors, gourmet kitchen with Carrara marble countertops and backsplash, stainless steel appliances, eight burner range with dual oven, wine fridge, and 12-foot breakfast bar, dining area with seating for 10, spacious living room, guest bedroom with en-suite bath, flex room and laundry. Step upstairs to find the ideal space for all your guests. This level offers another expansive living room, which is adorned by a gas fireplace, magnificent custom built-ins, beverage fridge, hardwood floors, additional sitting area, Jack and Jill suite, plus an additional guest bedroom and full bath. The uppermost level is the perfect space for the owners to retreat and unwind. Two master suites each offer breath-taking views of the Atlantic Ocean, private decks to take in the ocean breeze, and spa-like master baths with soaking jacuzzi tubs and showers. The master suites are flanked by a light filled and open sitting room with wet bar and custom-built ins. The ground level includes a den, flex space, 2 guest bedrooms, 2 full baths and additional laundry room. You will never run out of ways to be entertained in North Shores since this amenity rich community includes access to the Gordon’s Pond Trail, community pool, marina and tennis courts while located only minutes to Rehoboth Avenue which is lined with a magnitude of restaurants and shops. Excellent opportunity and this elegant property is ready to become your summer retreat!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Range Hood, Oven/Range - Gas, Refrigerator, Extra Refrigerator/Freezer, Dishwasher, Disposal, Washer, Dryer, Water Heater, Exhaust Fan
  • Flooring Type: Hardwood, Ceramic Tile, Carpet
  • Interior Amenities: Bar, Carpet, Ceiling Fan(s), Combination Dining/Living, Dining Area, Elevator, Floor Plan - Open, Kitchen - Gourmet, Primary Bedroom - Ocean Front, Recessed Lighting, Upgraded Countertops, Wood Floors
  • Window Features: Storm, Screens
  • Fireplace Features: Gas/Propane, Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 4
  • Basement: Yes
  • Basement Type: Full, Garage Access
  • Laundry Type: Main Floor
  • Total Sq Ft: 7100
  • Living Area Sq Ft: 7100
  • Price Per Sq Ft: 1302.82
  • Above Grade Finished Sq Ft: 7100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4

Beds/Baths

  • Bedrooms: 10
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 3
  • Lower Level Bedroom: 3
  • Total Bathrooms: 8
  • Full Bathrooms: 8
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 4
  • Lower Levels Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 2.00
  • Lower Levels Bathrooms: 2.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 2
  • Upper Level 2 Full Bathrooms: 2
  • Lower Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cedar
  • Exterior Features: Extensive Hardscape
  • Roof: Architectural Shingle
  • Spa: No
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Under Home Parking
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 4
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Propane, Multi-Tank
  • Security: Smoke Detector, Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Propane
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Cable

Condo/Co-op/Association

  • HOA Fees: 2400.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Pool - Outdoor, Security, Swimming Pool, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Reserve Funds
  • HOA Name: NORTH SHORE BOARD OF GOVERNORS
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: In Ground

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Fencing: Partially
  • Land Use Code: RS
  • Lot Size Acres: 0.46
  • Lot Dimensions: 79.00 x 250.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20038.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2020
  • Zoning: AR-1
  • In City Limits: No

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7632.00
  • Assessor Parcel Number: 334-14.05-123.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/16/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2021
Closed on
Jul 16, 2021
Sold by
West Catherine C
Bought by
Mcm Ret
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$9,250,000
Sold Price
$8,600,000
Premium/Discount to List
-$650,000
-7.03%
Current Estimated Value
$5,685,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,914,333
Avg. Annual Appreciation
-9.36%

Purchase Details

Closed on
Aug 17, 1998
Bought by
West Catherine G
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Mcm Ret $8,600,000 None Available
West Catherine G -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $8,600,000 -7.0% $1,211 / Sq Ft
03/26/2021 03/26/21 For Sale $9,250,000 -- $1,303 / 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
2025 $17,001 $162,550 $41,850 $120,700
2024 $8,012 $162,550 $41,850 $120,700
2023 $8,005 $162,550 $41,850 $120,700
2022 $7,726 $162,550 $41,850 $120,700
2021 $7,655 $162,550 $41,850 $120,700
2020 $7,632 $162,550 $41,850 $120,700
2019 $7,643 $162,550 $41,850 $120,700
2018 $7,138 $162,550 $0 $0
2017 $6,836 $162,550 $0 $0
2016 $6,493 $162,550 $0 $0
2015 $6,204 $162,550 $0 $0
2014 $6,159 $162,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU178566

Bright MLS

APN: 334-14.05-123.00