NOT LISTED FOR SALE

Estimated Value: $797,604 - $1,199,000

6 Beds
7.5 Baths
8,871 Sq Ft
$118/Sq Ft Est. Value

Last Sold June 12, 2019

Last sale price $8,750,000 $986 Per Sq Ft

Current estimated payment $5,838/month

Highlights

  • Ocean View
  • Primary bedroom faces the ocean
  • Private Water Access
  • Rehoboth Elementary School Rated A
  • Sandy Beach
  • Building is oceanfront but unit may not have water views

About This Home

As of June 2019

One could describe this exquisite Rehoboth Beach home with its one of a kind location and private beach, as a majestic masterpiece. Arguably one of the best lots on the East Coast, this oceanfront home's captivating views of both the Atlantic Ocean and prominent Silver Lake are rare jewels. While just one block from the boardwalk, this astounding home is accessible by a private drive and offers one of the last deeded private gazebos on Silver Lake. With over five levels of living space encompassing 8,871 square feet, all accessible by a private elevator, the six bedroom, seven and a half bath home features unparalleled quality created with the finest finishes and details one can only dream about. No expense was spared or overlooked during the construction process with custom inset cabinetry completed by Paradise Custom Kitchens and exotic granite and marbles. With a thoughtful design to allow every room to offer stunning views from the numerous private balconies, family and friends will feel pampered in the en-suite guest rooms, each featuring their own outstanding details. The grand two-story foyer is truly breathtaking with its curved butterfly staircases, extensive trim detail and direct views of the great room with stately floor to ceiling stone gas fireplace, soaring ceilings and sliding glass doors open to the sea breeze and expansive main level deck. Experience fine dining in the sumptuous gourmet kitchen with separate islands, dual sinks and dishwashers, Wolfe gas range, an illuminated oval tray ceiling, and custom mural. Your dining options are truly endless with ocean views in the dining room just off the kitchen or lake views in the breakfast room with vaulted ceilings. The octagon shaped media/game room with its 125" projection screen and built in surround sound allows you to enjoy serene sunsets on Silver Lake and a movie just after dark. The third level is host to another grand foyer with two oceanfront bedrooms, one lake view bedroom, and a spacious laundry room/linen closet. A private staircase leads you to the tranquil owner's suite boasting panoramic views of the morning sunrise and the sounds of waves crashing. Wake up and enjoy coffee from the conveniently located wet bar complete with sink and refrigerator. This level is complete with a relaxing sitting area overlooking the lake, plus an exercise room and luxurious master bath with jetted tub, dual vanities, separate toilets, and soothing shower. The retreats understated elegance is quite appealing. Another highlight of the master bedroom is the staircase to the 360 degree view Observatory. Watch the sunset as the stars come to light while sitting on custom window bench seats in the Observatory or step outside to the rooftop deck and enjoy the astonishing view.After a relaxing day on the beach, walk into the lower level with two separate showers and laundry room. Additional features include a four car garage; custom closet organizers throughout, whole house audio, rear staircase, security system, storm protection shutters, and whole house generator. Experience the ultimate in coastal luxury and a rare opportunity to purchase an extraordinary Silver Lake property.

Last Agent to Sell the Property

Thomas Desper

(302) 357-7282 thomas.desper@compass.com Long & Foster Real Estate, Inc. Listed on: 10/22/2018

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Kathy Goodman

(302) 245-4096 kathygoodman@remax.net RE/MAX Coastal License #RS-0012034

RE/MAX Coastal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,869

Year Built

  • Built in 2008

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 75x335
  • Building is oceanfront but unit may not have water views
  • Waterfront
  • Sandy Beach
  • Stone Retaining Walls
  • Extensive Hardscape
  • Premium Lot
  • Sprinkler System
  • Property is in very good condition

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 4 Car Direct Access Garage
  • 8 Open Parking Spaces
  • Front Facing Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Ocean
  • Lake
  • Panoramic

Home Design

  • Coastal Architecture
  • Shake Roof
  • Shake Siding
  • Stone Siding
  • Piling Construction
  • Cedar

Interior Spaces

  • 8,871 Sq Ft Home
  • Property has 3 Levels
  • 1 Elevator
  • Open Floorplan
  • Wet Bar
  • Curved or Spiral Staircase
  • Dual Staircase
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • 3 Fireplaces
  • Stone Fireplace
  • Fireplace Mantel
  • Gas Fireplace
  • Window Treatments
  • Family Room Off Kitchen
  • Formal Dining Room

Kitchen

  • Gourmet Kitchen
  • Butlers Pantry
  • Gas Oven or Range
  • Built-In Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom faces the ocean
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Private Water Access
  • Property is near an ocean
  • Multiple Balconies
  • Deck
  • Water Fountains
  • Exterior Lighting

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Back Up Gas Heat Pump System
  • Vented Exhaust Fan
  • Hot Water Heating System
  • Programmable Thermostat
  • 200+ Amp Service
  • Power Generator
  • Tankless Water Heater
  • Propane Water Heater

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Community Details

  • Irene Carpenter Draper Subdivision

Listing and Financial Details

  • Tax Lot 1.05
  • Assessor Parcel Number 334-20.10-1.05

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,869

Year Built

Built in 2008

Lot Details

0

HOA Fees

$125 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: Please see inclusion/exclusion document
  • Historic: No
  • Inclusions: Please see inclusion/exclusion document
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 2008
  • Remarks Public: One could describe this exquisite Rehoboth Beach home with its one of a kind location and private beach, as a majestic masterpiece. Arguably one of the best lots on the East Coast, this oceanfront home's captivating views of both the Atlantic Ocean and prominent Silver Lake are rare jewels. While just one block from the boardwalk, this astounding home is accessible by a private drive and offers one of the last deeded private gazebos on Silver Lake. With over five levels of living space encompassing 8,871 square feet, all accessible by a private elevator, the six bedroom, seven and a half bath home features unparalleled quality created with the finest finishes and details one can only dream about. No expense was spared or overlooked during the construction process with custom inset cabinetry completed by Paradise Custom Kitchens and exotic granite and marbles. With a thoughtful design to allow every room to offer stunning views from the numerous private balconies, family and friends will feel pampered in the en-suite guest rooms, each featuring their own outstanding details. The grand two-story foyer is truly breathtaking with its curved butterfly staircases, extensive trim detail and direct views of the great room with stately floor to ceiling stone gas fireplace, soaring ceilings and sliding glass doors open to the sea breeze and expansive main level deck. Experience fine dining in the sumptuous gourmet kitchen with separate islands, dual sinks and dishwashers, Wolfe gas range, an illuminated oval tray ceiling, and custom mural. Your dining options are truly endless with ocean views in the dining room just off the kitchen or lake views in the breakfast room with vaulted ceilings. The octagon shaped media/game room with its 125" projection screen and built in surround sound allows you to enjoy serene sunsets on Silver Lake and a movie just after dark. The third level is host to another grand foyer with two oceanfront bedrooms, one lake view bedroom, and a spacious laundry room/linen closet. A private staircase leads you to the tranquil owner's suite boasting panoramic views of the morning sunrise and the sounds of waves crashing. Wake up and enjoy coffee from the conveniently located wet bar complete with sink and refrigerator. This level is complete with a relaxing sitting area overlooking the lake, plus an exercise room and luxurious master bath with jetted tub, dual vanities, separate toilets, and soothing shower. The retreats understated elegance is quite appealing. Another highlight of the master bedroom is the staircase to the 360 degree view Observatory. Watch the sunset as the stars come to light while sitting on custom window bench seats in the Observatory or step outside to the rooftop deck and enjoy the astonishing view.After a relaxing day on the beach, walk into the lower level with two separate showers and laundry room. Additional features include a four car garage; custom closet organizers throughout, whole house audio, rear staircase, security system, storm protection shutters, and whole house generator. Experience the ultimate in coastal luxury and a rare opportunity to purchase an extraordinary Silver Lake property.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range, Dishwasher, Disposal, Exhaust Fan, Icemaker, Instant Hot Water, Microwave, Refrigerator, Water Heater - Tankless, Washer, Dryer, Oven/Range - Gas
  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Marble
  • Interior Amenities: Built-Ins, Ceiling Fan(s), Crown Moldings, Curved Staircase, Dining Area, Double/Dual Staircase, Elevator, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Primary Bedroom - Ocean Front, Primary Bath(s), Pantry, Recessed Lighting, Sprinkler System, Upgraded Countertops, Wainscotting, Walk-In Closet(s), Wet/Dry Bar, Window Treatments, Wood Floors, Butlers Pantry, Formal/Separate Dining Room
  • Fireplace Features: Gas/Propane, Mantel(s), Stone
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Elevators Count: 1
  • Wall Ceiling Types: 2 Story Ceilings, 9'+ Ceilings, Tray Ceilings, Vaulted Ceilings
  • Foundation Details: Pilings
  • Floors In Unit Count: 5
  • Levels Count: 3+
  • Basement: No
  • Laundry Type: Lower Floor, Upper Floor
  • Total Sq Ft: 8871
  • Living Area Sq Ft: 8871
  • Price Per Sq Ft: 1206.18
  • Above Grade Finished Sq Ft: 8871
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 6

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 2
  • Total Bathrooms: 8
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 4
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 3
  • Upper Level 2 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Cedar, Shake Siding, Stone
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Stone Retaining Walls, Underground Lawn Sprinkler, Water Fountains
  • Roof: Shake
  • View: Lake, Ocean, Panoramic
  • Water Access Features: Private Access
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Open Parking Spaces Count: 8
  • Garage Features: Garage - Front Entry, Garage - Side Entry, Garage Door Opener, Inside Access, Oversized
  • Attached Garage Spaces: 4
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Electric Service: Circuit Breakers, Generator, 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump - Gas Backup, Hot Water, Programmable Thermostat, Zoned
  • Heating: Yes
  • Hot Water: Tankless, Propane
  • Security: Fire Detection System, Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Propane
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1500.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Premium
  • Lot Size Acres: 0.58
  • Lot Dimensions: 75x335
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 25121.00
  • Outdoor Living Structures: Balconies- Multiple, Deck(s)
  • Property Condition: Very Good
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5203327
  • School Tax: 9768.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 10869.00
  • Assessor Parcel Number: 334-20.10-1.05
  • Tax Lot: 1.05
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 06/12/2019

Multi Family

  • Federal Flood Zone: AE
  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2020
Sold by
Still John C
Bought by
Reedy David M and Reedy Pulta
Current Estimated Value
$1,047,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Outstanding Balance
$392,711
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$655,190

Purchase Details

Closed on
Jun 5, 2017
Bought by
Still John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,250
Interest Rate
3.94%

Purchase Details

Closed on
Sep 23, 2013
Sold by
Sanderson Beverly H
Bought by
Still John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
4.53%
Source: Public Records

Range of Values:

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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
Reedy David M $625,000 None Available
Still John -- --
Still John C $540,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reedy David M $445,000
Previous Owner Still John $402,250
Previous Owner Still John --
Previous Owner Still John C $432,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2019 06/12/19 Sold $8,750,000 -18.2% $986 / Sq Ft
04/17/2019 04/17/19 Pending -- -- --
02/23/2019 02/23/19 Price Changed $10,700,000 -3.6% $1,206 / Sq Ft
10/22/2018 10/22/18 For Sale $11,100,000 -- $1,251 / 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 $1,879 $46,650 $9,000 $37,650
2024 $2,299 $46,650 $9,000 $37,650
2023 $2,297 $46,650 $9,000 $37,650
2022 $2,217 $46,650 $9,000 $37,650
2021 $2,197 $46,650 $9,000 $37,650
2020 $2,190 $46,650 $9,000 $37,650
2019 $1,793 $46,650 $9,000 $37,650
2018 $1,649 $46,650 $0 $0
2017 $1,962 $46,650 $0 $0
2016 $1,863 $46,650 $0 $0
2015 $1,781 $46,650 $0 $0
2014 $1,767 $46,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1009926380

Bright MLS

APN: 334-07.00-300.00