For sale

$7,900,000

Est. $48,941/mo —

•

10,148

sq ft

20340 Silver Lake Dr, Rehoboth Beach, DE 19971

About this home

A Rare Silver Lake Waterfront Estate Introducing 20340 Silver Lake Drive, an extraordinary waterfront offering in one of Rehoboth Beach's most coveted and prestigious locations. Perfectly positioned across from iconic Silver Lake, this exceptional coastal estate captures breathtaking water views from every level, complemented by a private dock and direct water access, creating an unparalleled lifestyle defined by luxury, privacy, and recreation. Spanning an impressive footprint with 9 bedrooms and 7.5 bathrooms, this remarkable residence presents a rare opportunity to create a legacy property tailored to your vision. Whether envisioned as a grand primary residence, an exclusive coastal retreat, or an income producing property, the possibilities are truly limitless. Designed for both elegant entertaining and comfortable everyday living, the expansive floor plan features three luxurious primary suites, offering exceptional privacy and accommodations for family and guests. Two full kitchens, multiple gathering spaces, and a fully finished lower level provide extraordinary flexibility for hosting, relaxation, and customization, allowing the next owner to curate a residence that reflects their unique lifestyle and taste. Outside, discover your own private resort-style oasis. Lounge beside the heated in-ground pool, entertain under the coastal sky, or step across to your private dock and enjoy tranquil mornings on the water, sunset kayak excursions, and the serenity of Silver Lake's stunning waterfront setting. The property also features a circular front drive, expansive rear parking area, and insulated two-car garage, ensuring effortless arrival and ample accommodations for guests and special gatherings. Located just moments from Rehoboth Beach's renowned boardwalk, award-winning restaurants, boutique shopping, marinas, and the Atlantic Ocean, this exceptional estate offers the perfect balance of waterfront tranquility and coastal sophistication. Rarely does a Silver Lake property of this scale, location, and potential become available. An exceptional opportunity to own one of Rehoboth Beach's most distinctive waterfront estates awaits. Start creating memories today. Contact to set up your private, exclusive tour today!

Single-familyProperty Type

1980Year Built

0.35 acresLot Size

$778Price/Sq.Ft.

2 garage spacesParking

Listed by Brett DePrince • Coldwell Banker Realty

•302-539-1777 (broker)

Listing updated: Sep 6, 2026 at 03:11am

Redfin checked: 3 minutes ago

•Source:BRIGHT MLS #DESU2117050

Payment calculator

$48,941 per month

Principal and interest$44,190

Property taxes

$1,196

HOA dues

Home insurance

$3,555

Utilities

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See this home in person

This home is unavailable to tour on this day.

Next available date: Tuesday, October 13

Open houses

No upcoming open houses.

Nearby open houses (10)

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5 beds3.5 baths2,797 sq ft
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$2,700,000
5 beds4.5 baths2,946 sq ft
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Around this home

Schools

K - 12
Preschool & daycare

Rehoboth Elementary School

Public K-5 • Assigned • 0.6mi

8/10

Beacon Middle School

Public 6-8 • Assigned • 3.7mi

7/10

Cape Henlopen High School

Public 9-12 • Assigned • 5.2mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

20340 Silver Lake Dr · $7,900,000

DAYS ON MARKET

The average home goes pending in 78 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median list price in this area is $492,647. (94% lower than this home)

PRICE DROP

23% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Second kitchen
Attic
Jetted tub
Soaking tub
Stall shower
Tub with shower
Walk-in shower
Breakfast area
Carpeted areas
Ceiling fans
Open combination dining/living
Combination kitchen/dining
Crown molding
Dining area
Elevator
Family room off kitchen
Formal dining room
Pantry
Upgraded countertops
Walk-in closets
Wet/dry bar
Window treatments
Wood floors
9'+ ceilings
Drywall

Bedrooms
Six bedrooms on the first upper level
Three bedrooms on the second upper level

Bathrooms
Seven full bathrooms
One half bathroom
Four full bathrooms on the first upper level
Two full bathrooms on the second upper level
One full and one half bathroom on the main level
Bathrooms include jetted tub and walk-in shower options

Kitchen
Built-in microwave
Cooktop
Dishwasher
Disposal
Extra refrigerator/freezer
Freezer
Icemaker
Double oven
Wall oven
Single oven
Gas range
Electric range/oven
Range hood
Refrigerator
Six-burner stove
Stainless steel appliances

Laundry & utility
Washer (front loading)
Dryer (front loading, electric)
Washer and dryer on main floor
Water heater

Flooring
Ceramic tile
Hardwood floors
Luxury vinyl plank
Partially carpeted

Heating & cooling
Forced air heating
Heat pump(s)
Electric heating fuel
Central air conditioning
Electric cooling
200+ amp electrical service
Circuit breakers
Generator

Sale and tax history for 20340 Silver Lake Dr

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2026

$14,115 (−0.4%)

$999,300 + $2,398,150

$3,397,450

2025

$14,169 (+188.4%)

$999,300 + $2,398,150

$3,397,450

2024

$4,913

$999,300 + $2,398,150

$3,397,450

2023

$4,908 (+3.8%)

$28,450 + $74,900

$103,350

2022

$4,731 (−1.1%)

$28,450 + $74,900

$103,350

2021

$4,785 (+1.6%)

$28,450 + $74,900

$103,350

2019

$4,712 (+13.8%)

$28,450 + $74,900

$103,350

2018

$4,139 (−4.8%)

$28,450 + $74,900

$103,350

2017

$4,346 (+4.6%)

$28,450 + $74,900

$103,350

2016

$4,156 (+5.4%)

$28,450 + $74,900

$103,350

2014

$3,944

$28,450 + $74,900

$103,350

Public record

Public record
Zoning

Beds

—

Baths

Stories

Lot width

115 ft.

Lot depth

197 ft.

Lot size

0.36 Acres

Year renovated

—

Finished Sq. Ft.

3,560

Unfinished Sq. Ft.

—

Total Sq. Ft.

3,560

Year built

1980

Style

Single Family Residential

County

Sussex County

APN

334-20.09-118.00

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 24, 2026.

Medium-Density Residential

The purpose of this district is to provide for medium-density residential development in areas which are or which are expected to become generally urban in character, but where sanitary sewers and public water supplies may or may not be available at the time of construction, together with such churches, recreational facilities and accessory uses as may be necessary or are normally compatible with residential surroundings. The district is located to protect existing development of this character and contains vacant land considered appropriate for such development in the future.

Permitted uses

Include but are not limited to:

Greenhouse / nursery
Religious facility
Housing-Single unit
Golf related
Park & open space

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

8/10 Heat Factor

7 days above 100° expected this year, 18 days in 30 years

8/10 Wind Factor

80% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Rehoboth Beach, DE • 19971

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

87/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.1 hrs

6.1 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 20340 Silver Lake Dr

$7,556,504

$343K under list price of $7.90M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $2.4M to $5.8M.

SOLD AUG 28, 2026
$4,675,000 Last sold price
4 beds4.5 baths2,980 sq ft
3A Rodney St, Rehoboth Beach, DE 19971
$791/sq ft
smaller lot
39 years newer
SOLD JUL 30, 2026
$2,425,000 Last sold price
5 beds4.5 baths2,289 sq ft
223 Rodney St, Rehoboth Beach, DE 19971
$281/sq ft
smaller lot
53 years older
SOLD SEP 10, 2026
$4,935,000 Last sold price
5 beds5 baths4,500 sq ft
16 Chicago St, Dewey Beach, DE 19971
$319/sq ft
smaller lot
20 years newer
SOLD DEC 18, 2025
$2,549,000 Last sold price
4 beds3 baths2,350 sq ft
106 Hickman St, Rehoboth Beach, DE 19971
$307/sq ft
smaller lot
41 years older
SOLD SEP 4, 2026
$3,499,900 Last sold price
4 beds4 baths3,386 sq ft
13 Venetian Dr, Dewey Beach, DE 19971
$256/sq ft
smaller lot
6 years older
SOLD DEC 16, 2025
$5,850,000 Last sold price
6 beds6.5 baths4,607 sq ft
20418 Silver Lake Dr, Rehoboth Beach, DE 19971
$492/sq ft
smaller lot
32 years newer

Rental earnings

Est. $2,218 per month, based on comparable rentals

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