OFF MARKET

Off Market Nov 2023 for $2.3M

$2,453,357

•

1,600

sq ft

38180 Terrace Rd, Rehoboth Beach, DE 19971

About this home

2 Lots just outside town limits just 2.5 blocks from the iconic Boardwalk and the shimmering Atlantic Ocean. build two homes and share the pool. , The existing Cottage is a charming classic is nestled on not one, but two spacious lots in the desirable Silver Lake Manor neighborhood. A true retreat that combines the convenience of downtown Rehoboth with a sense of serene privacy. Step inside this picturesque home and prepare to be captivated. Boasting alluring Cottage Chic upgrades, including gleaming stainless steel appliances, stunning Carrera marble countertops, farm sink, upgraded cabinetry, and a generously sized, 19x23 screened porch for outdoor living, every aspect has been meticulously designed to offer both style and comfort. The striking property itself presents an enticing opportunity for local high-end builders, while at the same time, it should not be underestimated as a hidden gem in its own right. With a full basement for additional space and storage, a large heated pool adorned by gas torches with fenced yard ensuring privacy and security, and a delicate touch of original knotty pine, this well-cared-for home offers the epitome of comfortable living. Although it has never been rented before, the potential for this exquisite property to generate over $100K per season is evident, making it an exceptional investment opportunity. But for now, take a moment to unwind on the charming back deck and savor the breathtaking sunsets with a refreshing beverage in hand. Let the cares of the day melt away as you embrace the truly endless beauty that surrounds you.

Single-familyProperty Type

1974Year Built

0.32 acresLot Size

$1,533Est. Price/Sq.Ft.

1 garage spacesParking

Listed by Joe Maggio • Dave McCarthy & Associates, Inc.

•302-426-2080 (broker)

Listed by Kim Hitchens • Dave McCarthy & Associates, Inc.

•302-426-2080 (broker)

Bought with Cindy Souza • Long & Foster Real Estate, Inc.

•302-539-9040 (broker)

Redfin checked: 3 minutes ago

•Source:BRIGHT MLS #DESU2045668

Redfin Estimate

$2,453,357

$153K since sold in November 2023$65K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 64% higher than the average sale price ($1.50M) of 6 comparable homes.

SOLD AUG 17, 2026
$1,925,000
A
3 beds3 baths1,048 sq ft
222 Stockley St, Rehoboth Beach, DE 19971
SOLD AUG 21, 2026
$1,075,000
B
5 beds3.5 baths2,132 sq ft
9 Draper Dr, Dewey Beach, DE 19971
SOLD APR 13, 2026
$2,075,000
C
4 beds3.5 baths1,600 sq ft
103 Carolina St, Dewey Beach, DE 19971
SOLD JUN 30, 2026
$1,400,000
D
3 beds2 baths1,600 sq ft
327 Country Club Dr, Rehoboth Beach, DE 19971
SOLD AUG 21, 2026
$730,000
E
3 beds2 baths2,000 sq ft
12 Eagle Dr, Rehoboth Beach, DE 19971
SOLD JUL 29, 2026
$1,773,000
F
3 beds2 baths1,080 sq ft
115 Jersey St, Dewey Beach, DE 19971

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Earn from this home

Sell

$567,450

Est. take-home

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Rent

$2,311/mo

Redfin rental estimate

List your home for rent

Market trends in 19971, DE

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.2%

+0.0% MoM

Median sale price

$587K

$52K MoM

Avg. days on market

64d

2 days MoM

Recently sold homes

176

9 MoM

New listings for sale

$169,900
2 beds2 baths1,152 sq ft
19602 Queen Ln #30, Rehoboth Beach, DE 19971
(302) 645-2207
COMING SOON
$579,000
3 beds2 baths1,724 sq ft
16 Adriatic Dr, Rehoboth Beach, DE 19971
(302) 360-0300
$97,500
2 beds1.5 baths576 sq ft
20019 Golden Ave, Rehoboth Beach, DE 19971
(302) 295-9430
3D WALKTHROUGH
$7,900,000
9 beds7.5 baths10,148 sq ft
20340 Silver Lake Dr, Rehoboth Beach, DE 19971
(302) 539-1777
$365,000
2 beds2 baths1,039 sq ft
300 Pebble Dr, Rehoboth Beach, DE 19971
(302) 227-9477
$150,000
3 beds2 baths1,164 sq ft
21714 B St, Rehoboth Beach, DE 19971
(302) 360-0300
FOR SALE BY OWNER
$1,650,000
4 beds2 baths1,556 sq ft
19767 Duffy St, Rehoboth Beach, DE 19971
$5,500,000
5 beds4.5 baths2,500 sq ft
111 Stockley St, Rehoboth Beach, DE 19971
(302) 426-2080
COMING SOON
$255,000
3 beds2 baths1,674 sq ft
20 Carriage Ln, Rehoboth Beach, DE 19971
(302) 227-1222
$539,900
3 beds3 baths1,880 sq ft
34386 Bronze, Rehoboth Beach, DE 19971
(888) 219-3009
See all

Provided by Redfin

Sale history for 38180 Terrace Rd

Year

Property tax

Land + Additions

Assessment*

2026

$3,580 (−0.3%)

$475,250 + $299,700

$774,950

2025

$3,592 (+102.6%)

$475,250 + $299,700

$774,950

2024

$1,773

$475,250 + $299,700

$774,950

2023

$1,771 (+2.9%)

$10,800 + $18,700

$29,500

2022

$1,721 (+0.8%)

$10,800 + $18,700

$29,500

2021

$1,708 (+0.3%)

$10,800 + $18,700

$29,500

2020

$1,703 (+1.2%)

$10,800 + $18,700

$29,500

2019

$1,683 (+29.9%)

$10,800 + $18,700

$29,500

2018

$1,295 (+4.4%)

$10,800 + $18,700

$29,500

2017

$1,241 (−0.7%)

$10,800 + $18,700

$29,500

2016

$1,249 (+5.1%)

$10,800 + $18,700

$29,500

2014

$1,188

$10,800 + $18,700

$29,500

Tax history for 38180 Terrace Rd

Year

Property tax

Land + Additions

Assessment*

2026

$3,580 (−0.3%)

$475,250 + $299,700

$774,950

2025

$3,592 (+102.6%)

$475,250 + $299,700

$774,950

2024

$1,773

$475,250 + $299,700

$774,950

2023

$1,771 (+2.9%)

$10,800 + $18,700

$29,500

2022

$1,721 (+0.8%)

$10,800 + $18,700

$29,500

2021

$1,708 (+0.3%)

$10,800 + $18,700

$29,500

2020

$1,703 (+1.2%)

$10,800 + $18,700

$29,500

2019

$1,683 (+29.9%)

$10,800 + $18,700

$29,500

2018

$1,295 (+4.4%)

$10,800 + $18,700

$29,500

2017

$1,241 (−0.7%)

$10,800 + $18,700

$29,500

2016

$1,249 (+5.1%)

$10,800 + $18,700

$29,500

2014

$1,188

$10,800 + $18,700

$29,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

Stories

Lot width

100 ft.

Lot depth

118 ft.

Lot size

0.27 Acres

Year renovated

—

Sq. Ft.

1,726

Year built

—

Style

Single Family Residential

County

Sussex County

APN

334-20.09-18.00

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

Property details

Parking

Parking Information
# of Attached Garage Spaces: 1
Garage Features: Garage Door Opener
# of Total Garage and Parking Spaces: 4
Has Garage
# of Garage Spaces: 1
Driveway - # of Spaces: 1
Off Street - # of Spaces: 2
Surface
Off Street, Driveway, Attached Garage

Interior

Bedroom Information
# of Bedrooms On Main Level: 3

Bathroom Information
# of Bathrooms (Half) On Main Level: 1
# of Bathrooms (Full) On Main Level: 2
# of Bathrooms (Full) On 2nd Lower Level: 1
# of Bathrooms (Full) On All Lower Levels: 1
# of Bathrooms (Half): 1
# of Bathrooms (Full): 3

Interior Information
Appliances: Cooktop, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Extra Refrigerator/Freezer, Icemaker, Refrigerator, Microwave, Oven/Range - Gas, Oven - Self Cleaning, Washer
Door Features: Insulated, Storm
Flooring Type: Hardwood, Tile/Brick
Not Furnished
Interior Features: Attic, Breakfast Area, Kitchen - Country, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, CeilngFan(s), WhirlPool/HotTub, Window Treatments
Living Area Sq.Ft. Source: Estimated
Has Spa

Room Information
# of Rooms: 10
Living Room, Dining Room, Master Bedroom, Kitchen, Family Room, Laundry, Additional Bedroom
Laundry Type: Main Floor

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Gas/Propane

Basement Information
Basement: Yes
Full, Sump Pump

Exterior

Property Information
Federal Flood Zone
Ownership Interest: Fee Simple
Property Condition: Very Good, Excellent
Year Built Source: Estimated
Year Major Reno/Remodel: 2021

Building Information
Building Name: NONE AVAILABLE
Construction Materials: Stick Built, Vinyl Siding
Foundation Details: Block
Main Entrance Orientation: Northeast
Other Structures: Above Grade
Outdoor Living Structures: Deck(s), Porch(es), Enclosed, Screened
Pets Allowed: Yes
Pet Restrictions: No Pet Restrictions
Roof: Architectural Shingle, Asbestos Shingle
Structure Type: Detached
Window Features: Insulated, Screens

Exterior Information
Hot Tub, Lawn Sprinkler, Outside Shower
Fencing: Fully

Pool Information
Personal Pool
Concrete, Gunite, Heated, In Ground

Lot Information
Lot Features: Landscaping, Partly Wooded, Subdivision Possible
Lot Size Dimensions: 100X118
Lot Dimensions Source: Estimated
Tidal Water: No

Above Grade Information
Finished Sq.Ft.: 1,600
Finished Sq.Ft. Source: Estimated

Financial

Tax Information
County Tax: $1,293

Lease Information
Lease Considered: No

Utilities

Utilities Information
Central Air
Cooling Type: Attic Fan, Central A/C, Heat Pump(s)
Cooling Fuel: Electric, Other
220 Volts, 200+ Amp Service
Forced Air, Heat Pump(s)
Heating Fuel: Propane - Leased, Oil
Hot Water: Electric
Sewer Septic: Public Sewer
Cable TV, Propane, Phone
Water Source: Public

Location

School Information
School District Name: CAPE HENLOPEN
School District Source: Listing Agent

Location Information
Outside City Limits
Sussex DE Quadrants: East of Rt 1
Cross Street: Route 1
Directions: From Rt. 1, East on Terrace Road near Bin66 towards the Ocean. Property on Right Side.
Location Type: Downtown
Road Responsibility: Public
Road Frontage Length: 100
Road Surface Type: Black Top
Transportation: Bus Stop less than 1 mile

Waterfrontage Information
Water Oriented
Water Body Type: Ocean
Water Body Name: Atlantic

Public facts

Beds: —
Baths: 2.0
Sq. Ft.: 1,726
Stories: 1.0
Lot Size: 0.27 acres
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Sussex County
APN: 334-20.09-18.00

Home facts updated by county records on Aug 24, 2026

Around this home

Schools

Rehoboth Elementary School

Public K-5 • Assigned • 0.4mi

8/10

Beacon Middle School

Public 6-8 • Assigned • 3.5mi

7/10

Cape Henlopen High School

Public 9-12 • Assigned • 5.0mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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

In this area, properties receive around 9.1 hours in June and 5.2 hours in December, which is comparable to the U.S. average for solar exposure.

9.1 hrs

5.2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$2.33M – $2.82M

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Home values near 38180 Terrace Rd

Data from public records.

Address	Redfin Estimate
38202 Terrace Road, Rehoboth Beach, DE - Beds \| 2 Baths \| 522 Sq. Ft.	$1,342,897
38198 Terrace Road, Rehoboth Beach, DE 3 Beds \| 5 Baths \| 1292 Sq. Ft.	$1,464,901

Address	Redfin Estimate
38199 Terrace Road, Rehoboth Beach, DE - Beds \| 5 Baths \| 1792 Sq. Ft.	$1,633,033
38188 Terrace Road, Rehoboth Beach, DE 5 Beds \| 6 Baths \| 1799 Sq. Ft.	$2,055,404

Address	Redfin Estimate
38193 Terrace Road, Rehoboth Beach, DE 3 Beds \| 2.5 Baths \| - Sq. Ft.	$1,274,144
38166 Terrace Road, Rehoboth Beach, DE - Beds \| 3 Baths \| 1934 Sq. Ft.	$1,379,644

Property information provided by BRIGHT MLS when last listed in 2023. This data may not match . Learn more.

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