Seller's Agent in 2025
Michael Reamy
OCEAN ATLANTIC SOTHEBYS
(202) 236-3229
40 in this area
49 Total Sales
8 Canal St Rehoboth Beach, DE 19971
5
Beds
4.5
Baths
4,035
Sq Ft
6,098
Sq Ft Lot
Highlights
- New Construction
- Private Pool
- Open Floorplan
- Rehoboth Elementary School Rated A
- Gourmet Kitchen
- 1-minute walk to Rehoboth Canal Walk
About This Home
As of April 2025Incredible Opportunity with significant price improvement!!! Just completed in October 2024, this stunning brand-new custom home redefines luxury beach living in Downtown Rehoboth Beach—no need to wait for construction! This extraordinary classic cottage-style residence, infused with modern elegance, is designed for the most discerning buyer.
The main level features soaring 10-foot coffered ceilings and exquisite coastal decor, professionally decorated to create an inviting atmosphere that exudes relaxed sophistication. The layout flows seamlessly into a fully equipped, state-of-the-art open-concept kitchen, perfect for culinary enthusiasts and entertaining guests. Ample living and dining spaces, complete with a bar and gas fireplace, enhance the entertaining experience.
The main living area overlooks the magnificent 27x12-foot saltwater pool, equipped with custom lighting and fountains that set the mood for an enchanting resort experience, including an indoor/outdoor Sonos sound system and an oversized professionally landscaped, fenced yard Designed with privacy and comfort in mind, this home boasts five beautifully crafted bedrooms, each reflecting exceptional attention to detail. The bathrooms are equally impressive, featuring luxurious finishes and modern designs that elevate your daily routine.
This property is ready for its new owners to move in and make it their own. All three levels feature low-maintenance luxury vinyl flooring, perfect for the beach lifestyle. The finished basement offers a blank canvas for a media room, home gym, or wine cellar, bringing the total conditioned space to over 4,000 heated square feet.
Enjoy the convenience of being “In-Town” within walking distance to your favorite restaurants, shops, bike trails, city dock, farmers market and the beach, making every day feel like a vacation. Experience the perfect blend of classic charm and contemporary luxury in this remarkable Rehoboth Beach home. This is a one-of-a-kind property on a 6,100 sq foot lot with a 40-foot-deep rear yard. Don’t wait to make this resort home your very own! Rental projections are $15,000 per week mid June through Labor Day.
Last Agent to Sell the Property
(202) 236-3229 michael.reamy@oasir.net Monument Sotheby's International Realty License #RS-0024767 Listed on: 10/17/2024
Last Buyer's Agent
(732) 921-3010 kimberly.dyer@msir.net Monument Sotheby's International Realty License #0036977
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $710
Year Built
- Built in 2024 | New Construction
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 50.00 x 116.00
- West Facing Home
- Extensive Hardscape
- Sprinkler System
- Property is in excellent condition
- Property is zoned TN
HOA Fees
- $150 Monthly HOA Fees
Home Design
- Coastal Architecture
- Contemporary Architecture
- Block Foundation
- Frame Construction
- Architectural Shingle Roof
- HardiePlank Type
Interior Spaces
- Property has 3 Levels
- Open Floorplan
- Wet Bar
- Partially Furnished
- Sound System
- Bar
- Wainscoting
- Recessed Lighting
- Gas Fireplace
- Laundry on main level
Kitchen
- Gourmet Kitchen
- Butlers Pantry
- Upgraded Countertops
- Wine Rack
- Instant Hot Water
Flooring
- Ceramic Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- Soaking Tub
Finished Basement
- Heated Basement
- Basement with some natural light
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
- Off-Street Parking
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Private Pool
- Deck
- Screened Patio
- Terrace
- Porch
Schools
- Rehoboth Elementary School
- Beacon Middle School
- Cape Henlopen High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
- 200+ Amp Service
- Tankless Water Heater
- Propane Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Community Details
- $1,000 Capital Contribution Fee
- Association fees include lawn maintenance
- Oak Grove At The Beach HOA
- Built by Evergreene
- Encampment Grounds Subdivision, Brooklyn W/Custom Features Floorplan
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 334-13.20-284.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 17, 2024
Closed on
Apr 1, 2025
Sold by
Casa De La Sol Llc
Bought by
Carson Rachel and Bayles Autumn
Seller's Agent
Michael Reamy
Monument Sotheby's International Realty
Buyer's Agent
Kimberly Dyer
Monument Sotheby's International Realty
List Price
$3,400,000
Sold Price
$2,950,000
Premium/Discount to List
-$450,000
-13.24%
Views
152
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,115
Avg. Annual Appreciation
4.22%
Original Mortgage
$2,212,500
Outstanding Balance
$2,203,053
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$831,062
Purchase Details
Listed on
Mar 9, 2023
Closed on
Oct 2, 2023
Sold by
Lovett Jacklyn M
Bought by
Casa De La Sol Llc
Seller's Agent
Elizabeth Barnhart
Monument Sotheby's International Realty
Buyer's Agent
Bob Walsh
BAY COAST REALTY
List Price
$1,249,900
Sold Price
$1,125,000
Premium/Discount to List
-$124,900
-9.99%
Views
246
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
90.16%
Purchase Details
Closed on
Mar 3, 2023
Sold by
James M Lovett Revocable Trust
Bought by
Lovett Jacklyn M
Purchase Details
Closed on
Oct 16, 2020
Sold by
Jml Bch Rsrt Prop Llc
Bought by
James M Lovett Ret
Purchase Details
Closed on
Apr 15, 2011
Bought by
Jml Beach Resort Properties Llc
Purchase Details
Closed on
Apr 8, 2011
Bought by
Jml Beach Resort Properties Llc
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,950,000 | None Listed On Document | |
| Deed | $2,950,000 | None Listed On Document | |
| Deed | $1,125,000 | None Listed On Document | |
| Deed | -- | -- | |
| Deed | -- | None Available | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,212,500 | New Conventional | |
| Closed | $2,212,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/01/2025 04/01/25 | Sold | $2,950,000 | -1.6% | $731 / Sq Ft | |
| 11/21/2024 11/21/24 | Price Changed | $2,999,000 | -11.8% | $743 / Sq Ft | |
| 10/17/2024 10/17/24 | For Sale | $3,400,000 | +202.2% | $843 / Sq Ft | |
| 10/02/2023 10/02/23 | Sold | $1,125,000 | -10.0% | -- | View Prior Sale |
| 08/26/2023 08/26/23 | Pending | -- | -- | -- | |
| 05/12/2023 05/12/23 | Price Changed | $1,249,900 | 0.0% | -- | |
| 05/12/2023 05/12/23 | For Sale | $1,249,900 | +11.1% | -- | |
| 04/04/2023 04/04/23 | Off Market | $1,125,000 | -- | -- | |
| 03/09/2023 03/09/23 | For Sale | $1,400,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $3,324 | $7,050 | $7,050 | $0 |
| 2024 | $347 | $7,050 | $7,050 | $0 |
| 2023 | $347 | $7,050 | $7,050 | $0 |
| 2022 | $335 | $7,050 | $7,050 | $0 |
| 2021 | $332 | $7,050 | $7,050 | $0 |
| 2020 | $331 | $7,050 | $7,050 | $0 |
| 2019 | $331 | $7,050 | $7,050 | $0 |
| 2018 | $310 | $7,050 | $0 | $0 |
| 2017 | $296 | $7,050 | $0 | $0 |
| 2016 | $282 | $7,050 | $0 | $0 |
| 2015 | $269 | $7,050 | $0 | $0 |
| 2014 | $267 | $7,050 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Reamy
-
Kimberly Dyer
Buyer's Agent in 2025
Kimberly Dyer
OCEAN ATLANTIC SOTHEBYS
(732) 921-3010
8 in this area
43 Total Sales
-
Elizabeth Barnhart
Seller's Agent in 2023
Elizabeth Barnhart
OCEAN ATLANTIC SOTHEBYS
(302) 236-3696
15 in this area
49 Total Sales
-
Bob Walsh
Buyer's Agent in 2023
Bob Walsh
BAY COAST REALTY
(302) 858-8462
4 in this area
24 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2072636
APN: 334-13.20-284.00
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