NOT LISTED FOR SALE

4 Prospect St Rehoboth Beach, DE 19971

Estimated Value: $581,633 - $8,094,000

5 Beds
8 Baths
5,300 Sq Ft
$881/Sq Ft Est. Value

Last Sold February 15, 2021

Last sale price $5,525,000 $1,042 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $25,545/month

229 Days on Market

Highlights

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

About This Home

As of February 2021

Oceanfront excellence! 4 Prospect Street is a rare opportunity to own a piece of Rehoboth Beach featuring unparalleled ocean and Silver Lake views. Situated at the very tip of the southern end of the boardwalk, this distinctive home leaves nothing to be desired and could not be reproduced according to today's town codes! A grand spiral staircase is the central focal point upon entry into the foyer of this magnificent home. The first level features 2 guest suites with private baths, laundry room, powder room and a rare 2-car garage. In addition, the back door leads into a mud room with additional laundry, 2 showers and a steam room perfect for after returning from a long day on the beach. As you enter the main level you will be greeted by beautiful views of the sandy beach and natural dunes leading to the ocean. The grand oceanfront living and dining rooms feature a stunning coffered ceiling and flanked with two gas fireplaces leading to a beautiful oceanfront covered porch. On the west wing of this level you will find an expansive gourmet kitchen with Liptus custom cabinetry, Viking, Bosch and Sub-Zero appliances and an enormous island ideal for entertaining. The kitchen is open to a family room complete with a gas fireplace, built-ins with media closet and wet bar including a beverage fridge and wine storage. This space opens to a charming courtyard surrounded by a beautiful brick wall ideal for outdoor grilling and dining. Continuing to the 3rd level, you will find a magnificent oceanfront master suite complete with sitting area, gas fireplace, private laundry, spa-like master bath with a jetted tub overlooking the ocean, tiled shower, custom walk-in closet and oceanfront balcony. Also, this level includes 2 more guest suites each with private baths and access to private balconies. In all, this distinctive floorplan boasts 5BR, 5BA, 3 half baths, approximately 5,300 SF of living space, hurricane shutters, an elevator to each level including the rooftop deck that was specially engineered to host 100+ people, a Vantage control lighting system, IPE decking and so much more.

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 05/01/2020

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

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

Last Buyer's Agent

Babs Morales

(302) 841-0797 babs@sellingdelawarehomes.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0016340

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,992

Year Built

  • Built in 2005

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 250.00 x 50.00
  • Ocean Front
  • Sandy Beach
  • Landscaped
  • Corner Lot
  • Cleared Lot
  • Property is in very good condition
  • Property is zoned TN 1270, Town Codes

Parking

  • 2 Car Direct Access Garage
  • 2 Driveway Spaces
  • Side Facing Garage

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Flat Roof Shape
  • Architectural Shingle Roof
  • Concrete Roof
  • Piling Construction
  • HardiePlank Type
  • Stick Built Home

Interior Spaces

  • 5,300 Sq Ft Home
  • Property has 3 Levels
  • 1 Elevator
  • Open Floorplan
  • Wet Bar
  • Partially Furnished
  • Curved or Spiral Staircase
  • Built-In Features
  • Ceiling height of 9 feet or more
  • Recessed Lighting
  • 5 Fireplaces
  • Fireplace Mantel
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • French Doors
  • Great Room
  • Family Room Off Kitchen
  • Formal Dining Room
  • Ocean Views

Kitchen

  • Gourmet Kitchen
  • Built-In Double Oven
  • Gas Oven or Range
  • Six Burner Stove
  • Down Draft Cooktop
  • Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Wine Rack
  • Trash Compactor
  • Compactor
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom faces the ocean
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Access to Tidal Water
  • Water Oriented
  • Property is near an ocean
  • Shared Waterfront
  • Multiple Balconies
  • Terrace
  • Exterior Lighting

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Propane
  • Tankless Water Heater
  • Municipal Trash
  • Phone Connected
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Community Details

  • No Home Owners Association
  • Built by Bunting Construction
  • South Rehoboth Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 334-20.06-110.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,992

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary, Coastal
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Exclusions: Dining room furnishings, formal living room furnishings across from dining room (room adjacent to dining room)
  • Inclusions: Partially furnished
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Remarks Public: Oceanfront excellence! 4 Prospect Street is a rare opportunity to own a piece of Rehoboth Beach featuring unparalleled ocean and Silver Lake views. Situated at the very tip of the southern end of the boardwalk, this distinctive home leaves nothing to be desired and could not be reproduced according to today's town codes! A grand spiral staircase is the central focal point upon entry into the foyer of this magnificent home. The first level features 2 guest suites with private baths, laundry room, powder room and a rare 2-car garage. In addition, the back door leads into a mud room with additional laundry, 2 showers and a steam room perfect for after returning from a long day on the beach. As you enter the main level you will be greeted by beautiful views of the sandy beach and natural dunes leading to the ocean. The grand oceanfront living and dining rooms feature a stunning coffered ceiling and flanked with two gas fireplaces leading to a beautiful oceanfront covered porch. On the west wing of this level you will find an expansive gourmet kitchen with Liptus custom cabinetry, Viking, Bosch and Sub-Zero appliances and an enormous island ideal for entertaining. The kitchen is open to a family room complete with a gas fireplace, built-ins with media closet and wet bar including a beverage fridge and wine storage. This space opens to a charming courtyard surrounded by a beautiful brick wall ideal for outdoor grilling and dining. Continuing to the 3rd level, you will find a magnificent oceanfront master suite complete with sitting area, gas fireplace, private laundry, spa-like master bath with a jetted tub overlooking the ocean, tiled shower, custom walk-in closet and oceanfront balcony. Also, this level includes 2 more guest suites each with private baths and access to private balconies. In all, this distinctive floorplan boasts 5BR, 5BA, 3 half baths, approximately 5,300 SF of living space, hurricane shutters, an elevator to each level including the rooftop deck that was specially engineered to host 100+ people, a Vantage control lighting system, IPE decking and so much more.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop - Down Draft, Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Microwave, Refrigerator, Six Burner Stove, Washer, Water Heater, Compactor, Instant Hot Water, Oven - Wall, Oven - Double, Oven/Range - Gas, Trash Compactor, Water Heater - Tankless
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior Amenities: Built-Ins, Combination Kitchen/Living, Curved Staircase, Dining Area, Elevator, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Primary Bedroom - Ocean Front, Recessed Lighting, Bathroom - Soaking Tub, Spiral Staircase, Upgraded Countertops, Walk-In Closet(s), Wet/Dry Bar, Window Treatments, Wood Floors, Combination Dining/Living, Bathroom - Tub Shower, Wine Storage
  • Window Features: Insulated, Screens
  • Fireplace Features: Mantel(s), Gas/Propane
  • Fireplaces Count: 5
  • Fireplace: Yes
  • Door Features: French
  • Elevators Count: 1
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall
  • Foundation Details: Pilings
  • Levels Count: 3
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Bedroom 1, Great Room, Laundry, Bathroom 1, Bathroom 2, Bathroom 3, Primary Bathroom, Full Bath
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit, Upper Floor, Lower Floor, Has Laundry
  • Total Sq Ft: 5300
  • Living Area Sq Ft: 5300
  • Price Per Sq Ft: 1131.13
  • Above Grade Finished Sq Ft: 5300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 2
  • Lower Level Bedroom: 2
  • Total Bathrooms: 8
  • Full Bathrooms: 5
  • Half Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 4
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 4.00
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathroom: 2
  • Lower Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Hardiplank Type, Stick Built
  • Exterior Features: Exterior Lighting
  • Roof: Flat, Architectural Shingle, Concrete
  • Spa: No
  • View: Ocean
  • Water Access: No
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Zoned, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Multi-Tank, Tankless
  • Security: Security System, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone, Phone Connected, Propane
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

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
  • Additional Parcels: No
  • Land Use Code: RS
  • Lot Features: Corner, Cleared, Landscaping
  • Lot Size Acres: 0.29
  • Lot Dimensions: 250.00 x 50.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12500.00
  • Outdoor Living Structures: Roof, Terrace, Balconies- Multiple
  • Property Condition: Good, Very Good
  • Soil Types: Unknown
  • Year Assessed: 2020
  • Zoning: TN 1270
  • Zoning Description: Town Codes
  • In City Limits: Yes

Building Info

  • Builder Name: Bunting Construction

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 6264.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 8992.00
  • Assessor Parcel Number: 334-20.06-110.00
  • Tax Lot: 4
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 02/15/2021

Multi Family

  • Federal Flood Zone: VE
  • Waterfront Features: Sandy Beach, Shared

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2020
Closed on
Feb 15, 2021
Sold by
Weymouth Mccoy D and Toomey-Weymouth Toni
Bought by
Jones Walter F and Lee-Jones Judith
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Babs Morales
Berkshire Hathaway HomeServices PenFed Realty
List Price
$5,995,000
Sold Price
$5,525,000
Premium/Discount to List
-$470,000
-7.84%
Current Estimated Value
$4,666,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$858,122
Avg. Annual Appreciation
-2.48%
Original Mortgage
$3,000,000
Interest Rate
2.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 10, 2010
Bought by
Mccoy Dupont Weymouth and Mccoy Toni Toomey

Purchase Details

Closed on
Sep 7, 2010
Bought by
Mccoy Dupont Weymouth and Mccoy Toni Toomey
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
Jones Walter F $5,525,000 None Available
Mccoy Dupont Weymouth $3,835,000 --
Mccoy Dupont Weymouth $3,835,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jones Walter F $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2021 02/15/21 Sold $5,525,000 -7.8% $1,042 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
05/01/2020 05/01/20 For Sale $5,995,000 -- $1,131 / 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 $9,636 $147,400 $25,000 $122,400
2024 $7,265 $147,400 $25,000 $122,400
2023 $7,259 $147,400 $25,000 $122,400
2022 $7,006 $147,400 $25,000 $122,400
2021 $6,941 $147,400 $25,000 $122,400
2020 $6,920 $147,400 $25,000 $122,400
2019 $6,930 $147,400 $25,000 $122,400
2018 $6,473 $147,400 $0 $0
2017 $6,199 $147,400 $0 $0
2016 $5,888 $147,400 $0 $0
2015 $5,626 $147,400 $0 $0
2014 $5,585 $147,400 $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: DESU159700

Bright MLS

APN: 334-20.06-110.00