NOT LISTED FOR SALE

56 Ocean Dr Rehoboth Beach, DE 19971

Estimated Value: $156,579 - $5,948,000

5 Beds
5.5 Baths
6,848 Sq Ft
$469/Sq Ft Est. Value

Last Sold March 02, 2013

Last sale price $5,500,000 $803 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $18,260/month

Highlights

  • Ocean View
  • 1 Dock Slip
  • Water Access
  • Rehoboth Elementary School Rated A
  • Beach
  • Deck

About This Home

As of March 2013

Spectactular Oceanfront Estate in North Shores. Masterful custom architecture blended with extrordinary ocean views.5 Ensuite bedrooms, gourmet kitchen,theater room,dramatic out door living spaces, a 21 ft radius stone fireplace. Too many great features to list them all.

Last Agent to Sell the Property

Kathleen Schell

(302) 841-0549 kathleen.Schell@oasir.net Monument Sotheby's International Realty Listed on: 05/24/2012

Monument Sotheby's International Realty

Co-Listed By

Justin Healy

(302) 542-6610 justin.healy@oasir.net Monument Sotheby's International Realty License #RB-0003444

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

  • $14,997

Year Built

  • Built in 1999

Lot Details

  • 0.43

Parking

  • Gravel Driveway

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Piling Construction
  • Stick Built Home
  • Dryvit Stucco

Interior Spaces

  • 6,848 Sq Ft Home
  • Property has 2 Levels
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Gas Fireplace
  • Insulated Windows
  • Insulated Doors
  • Ocean Views

Kitchen

  • Built-In Self-Cleaning Oven
  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Whirlpool Bathtub

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • 1 Dock Slip
  • Balcony
  • Deck
  • Screened Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Public Hookup Available For Sewer

Additional Features

  • Lot Dimensions are 75 x 246
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-08.17-9.00

Community Details

Overview

  • No Home Owners Association
  • North Shores Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Community Pool

Additional Features

  • Security Service
  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,997

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1999
  • Remarks Public: Spectactular Oceanfront Estate in North Shores. Masterful custom architecture blended with extrordinary ocean views.5 Ensuite bedrooms, gourmet kitchen,theater room,dramatic out door living spaces, a 21 ft radius stone fireplace. Too many great features to list them all.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Oven - Self Cleaning, Oven - Wall, Washer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Elevator, Skylight(s), Whirlpool/Hottub
  • Window Features: Insulated
  • Fireplace Features: Gas/Propane, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Pilings
  • Level Count: 2
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 6848
  • Living Area Sq Ft: 6848
  • Net Sq Ft: 6848.00
  • Price Per Sq Ft: 875.44
  • Above Grade Finished Sq Ft: 6848
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 56

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Dryvit
  • Construction Completed: Yes
  • Exterior Features: Outside Shower
  • Roof: Metal
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway, Under Home Parking

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Wood Burn Stove, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Tennis Courts, Swimming Pool, Security
  • HOA: No
  • Community Pool Features: In Ground

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Dimensions: 75 x 246
  • Outdoor Living Structures: Balcony, Deck(s), Porch(es), Screened

Building Info

  • Building Features: Elevator

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5211401
  • Assessor Parcel Number: 334-08.17-9.00
  • County Tax Payment Frequency: Annually
  • Close Date: 03/02/2013

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2020
Sold by
Edmondson-Dodge Paul and Mccarley-Dodge Emily
Bought by
Edmondson-Dodge Paul
Current Estimated Value
$3,208,395

Purchase Details

Listed on
May 24, 2012
Closed on
Feb 6, 2013
Sold by
Ballenger Family Investments Llc
Bought by
Dodge Paul Edmondson and Mccarley Dodge Emily
Seller's Agent
Kathleen Schell
Monument Sotheby's International Realty
Buyer's Agent
Babs Morales
Berkshire Hathaway HomeServices PenFed Realty
List Price
$5,500,000
Sold Price
$5,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.19%
Original Mortgage
$1,500,000
Interest Rate
3.54%

Purchase Details

Closed on
Feb 6, 2012
Sold by
John G John G
Bought by
Ballenger Family Investment Llc

Purchase Details

Closed on
Dec 30, 2011
Sold by
John G John G
Bought by
Ballenger Family Investment Llc
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
Edmondson-Dodge Paul -- None Available
Dodge Paul Edmondson $5,500,000 --
Ballenger Family Investment Llc -- --
Ballenger Family Investment Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dodge Paul Edmondson $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2013 03/02/13 Sold $5,500,000 0.0% $803 / Sq Ft
03/02/2013 03/02/13 Pending -- -- --
05/24/2012 05/24/12 For Sale $5,500,000 -- $803 / 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 $14,997 $109,750 $37,500 $72,250
2024 $5,409 $109,750 $37,500 $72,250
2023 $5,405 $109,750 $37,500 $72,250
2022 $5,216 $109,750 $37,500 $72,250
2021 $5,168 $109,750 $37,500 $72,250
2020 $5,153 $109,750 $37,500 $72,250
2019 $5,160 $109,750 $37,500 $72,250
2018 $4,820 $109,750 $0 $0
2017 $4,615 $109,750 $0 $0
2016 $4,384 $109,750 $0 $0
2015 $4,145 $108,600 $0 $0
2014 $4,115 $108,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Schell

    Seller's Agent in 2013

    Kathleen Schell

    OCEAN ATLANTIC SOTHEBYS

    (302) 841-0549

    7 in this area

    16 Total Sales

    Kathleen Schell
    Section Image
  • Justin Healy

    Seller Co-Listing Agent in 2013

    Justin Healy

    OCEAN ATLANTIC SOTHEBYS

    (302) 542-6610

    10 in this area

    22 Total Sales

    Justin Healy
    Section Image
  • Babs Morales

    Buyer's Agent in 2013

    Babs Morales

    BHHS PenFed (actual)

    (302) 841-0797

    33 in this area

    50 Total Sales

    Babs Morales
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000966442

Bright MLS

APN: 334-08.17-9.00

Delaware Sussex County Rehoboth Beach 19971

56 Ocean Dr, Rehoboth Beach, DE

This home is located at 56 Ocean Dr, Rehoboth Beach, DE 19971 since 24 May 2012 and is currently estimated at $3,208,395, approximately $468 per square foot. This property was built in 1999. 56 Ocean Dr is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes