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Back 427/20802 Spring Lake Drive
Off Market

427/20802 Spring Lake Drive

Rehoboth Beach DE 19971

2
2
1000 sq. ft.
Condo
Last sold for $540,000
Joseph MaggioJoseph Maggio, last sold this property on 26 January 2026 after 235 days on market.

Overview

READY TO GO AND FULLY FURNISHED *Savor the Flavor of Coastal Living in this Updated Condo in Sought-After Spring Lake!** Nestled along the picturesque Thompson Island Park in Rehoboth Beach, this charming two-bedroom, two-bathroom condo is the perfect blend of historic charm and modern convenience. With its prime location, you'll be just a stone's throw from the vibrant downtown area, yet surrounded by the serene beauty of the coastal landscape. This condo has been thoughtfully updated to provide the perfect blend of form and function. From the sleek, modern kitchen with stainless steel appliances and granite countertops, to the spacious bedrooms with plush carpeting and Luxury Vinyl and ample closet space, every detail has been carefully considered to ensure a comfortable and relaxing living experience. **Rental Income Producer Extraordinaire!** But it's not just the updates that make this condo a standout – it's also its impressive rental income potential! With its prime location and stunning views of the surrounding landscape, this condo is a sought-after destination for vacationers and beachgoers alike. Whether you're looking to supplement your income or create a lucrative investment opportunity, this condo is sure to deliver. **Amenities Abound!** And when you're not enjoying the comforts of your own home, you'll have access to a range of fabulous amenities, including: * A sparkling pool perfect for lounging on a warm summer day * A private patio area for outdoor entertaining and relaxation * And, of course, the stunning views of the surrounding landscape from every window! **Bike to Downtown Rehoboth Beach or Collect a Substantial Income – the Choice is Yours!** Whether you're looking to enjoy the best of Rehoboth Beach's vibrant downtown scene or create a lucrative investment opportunity, this condo has it all. With its prime location, stunning views, and impressive rental income potential, this is an opportunity you won't want to miss! **Don't Miss Out!** Contact us today to schedule a showing and make this incredible condo your own. Whether you're looking to live, invest, or simply enjoy the best of coastal living, this condo is sure to satisfy your cravings!

Features

2 bedrooms
2 bathrooms
1000 sq. ft. floor area
Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Rehoboth Beach over the last 12 months, the estimated median property value of 427/20802 Spring Lake Drive is $495k.

Median value
$495k
Estimated value range
$299k - $1.2m
Median days on market
27
Estimated value trend
11%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Rehoboth Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 427/20802 Spring Lake Drive

2026
Sold
$540,000
26 Jan 2026 by Joseph Maggio, of Dave McCarthy & Associates, Inc.

Happy sellers in Rehoboth Beach

79%
79% of sellers in Rehoboth Beach reported that their sale price either exceeded or met their price expectations.

Rehoboth Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 23 reviews in Rehoboth Beach over the last 12 months.

Local market activity for 2 bedroom condos in Rehoboth Beach

In the last 12 months, 70 two-bedroom condos similar to 427/20802 Spring Lake Drive, have been sold.

This represents a 10% increase in two-bedroom condos sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Rehoboth Beach

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Linda Bova

Sellers who recommend Linda Bova have praised them for being local expert, clear communication, reliable, responsive, supportive, friendly, and dedicated

  •   5   (160 reviews)
  •  19 Reviews in Rehoboth Beach
  •  32 Sales in Rehoboth Beach
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MITCH SELBIGER

MITCH SELBIGER is a recommended agent for Rehoboth Beach.  They have 8 local sales and collected 6 local reviews across the last 12 months.

  •   5   (21 reviews)
  •  6 Reviews in Rehoboth Beach
  •  8 Sales in Rehoboth Beach
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Amanda Valcik

Amanda Valcik is a recommended agent for Rehoboth Beach.  They have 2 local sales and collected 5 local reviews across the last 12 months.

  •   5   (6 reviews)
  •  5 Reviews in Rehoboth Beach
  •  2 Sales in Rehoboth Beach
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Joseph Maggio

Sellers who recommend Joseph Maggio have praised them for being local expert, responsive, well-prepared, reliable, clear communication, supportive, and dedicated

  •   5   (54 reviews)
  •  6 Reviews in Rehoboth Beach
  •  5 Sales in Rehoboth Beach
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