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Sussex 19971
20340 SILVER LAKE DRIVE
$7,900,000
● House - For Sale

20340 SILVER LAKE DRIVE

REHOBOTH BEACH, DE 19971
bedrooms
9 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
10,148 Ft²
$39,987
Est. Monthly

About This Property

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!
Unit Size
10,148 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$778
Property Type
House
Property Taxes
$1,196
HOA Dues
-
Year Built
1980

Listed By

Brett DePrince
Coldwell Banker Realty

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Last updated: 2 months ago (Bright MLS #DESU2117050)

Price History

Date / Event Date Event Price
Sep 5, 2026 Listed by Coldwell Banker Realty $7,900,000
Listed by Coldwell Banker Realty

Property Highlights

Elevator
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Parking Features: Lighted, Private, Brick Driveway
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 7
Interior Features: Soaking Tub, Breakfast Bar, Ceiling Fan(s), Crown Molding, Elevator, Pantry, Walk-In Closet(s), Dry Bar, 2nd Kitchen, Attic, Bathroom - Jetted Tub, Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Carpet, Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Family Room Off Kitchen, Formal/Separate Dining Room, Upgraded Countertops, Window Treatments, Wood Floors
Appliances: Microwave, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Refrigerator, Freezer, Ice Maker, Double Oven, Oven, Gas Oven, Electric Oven, Range Hood, Stainless Steel Appliance(s), Washer, Water Heater, Oven - Wall, Six Burner Stove
Flooring Type: Ceramic Tile, Hardwood, Luxury Vinyl Plank, Partially Carpeted
Door Features: Double Entry, Insulated, Storm, French, Sliding Glass
Has Fireplace
Fireplace Features: Wood
Fireplaces: 1
Basement: Finished, Sump Pump
Exterior Details
Square Footage: 10148
Square Footage Source: $0
Security Features: Smoke Detector(s), Exterior Cameras, Motion Detectors
Property Condition: Very Good
Architectural Style: Mid-Century Modern, Coastal
Year Built Source: Assessor
Year Built: 1980
Waterfront Features: Private Dock Site
Waterbody Name: Silver Lake
Building Name: NONE AVAILABLE
Levels: 3
Other Structures: Above Grade, Below Grade
Window Features: Screens, Insulated
Construction Materials: Brick
Patio and Porch Features: Enclosed, Patio, Porch
Pool Features: Filtered, Heated, In Ground, Concrete
Pool is Private
Lot Features: Additional Lot(s), Fishing Available, Landscaping, Not In Development, Premium, Rear Yard, Road Frontage, Year Round Access
Lot Size Area: 15246
Lot Size Units: Square Feet
Lot Size Acres: 0.35
Lot Size Square Feet: 15246
Lot Size Dimensions: 115.00 x 197.00
Water Source: Public
Financial Details
Tax Annual Amount: $14,351
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Heat Pump(s)
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 11
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 13
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,220
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,655
  • Lot Size Depth Feet: 1,970
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 6,776
  • Building Area: 6,776
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 6,776
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REHOBOTH BEACH
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: RS
  • Legal Description 1: SILVER LAKE SHORES P/O LOT 1

Neighborhood

  • School District Name: Cape Henlopen School District
  • School Tax School District: CAPE HENLOPEN
  • Census Tract: 051102

Zoning

  • Zoning: MR

Geography

  • District: CAPE HENLOPE
  • Parcel: 334-20.09-118.00
  • Lot: 1
  • Municipality: DEWEY TO LEWES EAST OF CANAL
  • Latitude: 38.7057
  • Longitude: -75.0805

    Address

  • Full Address: 20340 Silver Lake Dr
  • Address - House Number: 20340
  • Address - Street Name: Silver Lake
  • Address - Suffix Type: Dr
  • State: DE
  • City Name: Rehoboth Beach
  • Carrier Code: C009
  • 4-Digit Zip Code: 2051
  • Zip Code: 19971

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $490,810

    Appraisal Valuation

  • Standard Deviation: 0.2273
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 68
  • Final Value: 2,541,476
  • High Value: 3,119,308
  • Low Value: 1,963,643

    Market Valuation

  • Market Total Value: $206,700
  • Market Land Value: $56,900
  • Market Improvement Value: $149,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $103,350
  • Assessed Land Value: $28,450
  • Assessed Improvements Value: $74,900
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sussex


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Frequently Asked Questions

When was property at 20340 Silver Lake Drive built and last sold?
The property at 20340 Silver Lake Drive was built in 1980 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 20340 Silver Lake Drive is $7,979,000.
What are some comparable homes to 20340 Silver Lake Drive?
There are currently no comparable homes to 20340 Silver Lake Drive.