See Home Value
Sussex 19971
20418 SILVER LAKE DRIVE
$5,850,000
● House - Off Market

20418 SILVER LAKE DRIVE

REHOBOTH BEACH, DE 19971
bedrooms
6 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
4,607 Ft²
$30,151
Est. Monthly
0.43%
Cap Rate

About This Property

Introducing 20418 Silver Lake Drive, an extraordinary coastal retreat affectionately known as "High Pointe." Perfectly positioned along the shores of Silver Lake in Rehoboth Beach, this 6-bedroom, 6.5 bath residence commands one of the most desirable vantage points in town, where sparkling lake views meet glimpses of the Atlantic Ocean. The home's shingle-style exterior, awnings, lush gardens, and multiple porches and decks create a timeless curb appeal. Offering more than 4,600 SF of interior living space, complemented by over 1,000 SF of outdoor living areas and an unfinished basement, High Pointe balances elegance with functionality. Step inside and experience a remarkable blend of classic detail and fresh, modern updates. A grand foyer with 12-foot ceilings and polished marble floors welcomes you and flows into the newly reimagined main living room. Designed with a contemporary edge, this space showcases a dramatic floor-to-ceiling wine storage cabinet, walls of windows, coffered ceilings, and a gas fireplace. Adjacent lies the dining area and a chef's kitchen that has been completely renovated with sleek custom cabinetry, commercial-grade appliances, and beautiful quartz countertops. The first level also includes a bright guest suite, a versatile laundry room that doubles as a butler's pantry, a stylish powder room, and a screened porch overlooking the private backyard. A graceful staircase lined with oversized windows leads to the second floor, where built-ins and a personal library define the landing. The waterfront primary suite has been transformed into a spa-like escape, featuring dual walk-in closets, a sitting area, and a fully updated ensuite bath with sophisticated finishes that evoke the luxury of a 5-star hotel. This level also offers two additional guest suites with private baths. On the top floor, a relaxed lounge opens to a sun deck with sweeping lake and ocean vistas. A fifth bedroom with ensuite bath and dual closets and an additional finished walk-in closet is ideal for extra storage. For ultimate ease, an elevator services every floor, including the spacious unfinished basement that offers room for expansion. The outdoor setting is every bit as impressive as the interiors. Manicured landscaping, irrigation, and a heated saltwater pool are accented by a paver patio, outdoor shower wrapped in wisteria, landscape lighting, surround sound, and tranquil water features – creating the perfect backdrop for summer entertaining. An oversized two-car garage provides ample parking and storage, while above it, a charming one-bedroom guest apartment offers its own kitchen, living area, laundry, and full bath. Offered fully furnished, this home presents a rare opportunity to own a turn-key coastal estate in Rehoboth Beach, ready to be enjoyed for the 2026 summer season.
Unit Size
4,607 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$1,301
Property Type
House
Property Taxes
$714
HOA Dues
-
Year Built
2012

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Last updated: 11 months ago (Bright MLS #DESU2095866)

Price History

Date / Event Date Event Price
Dec 16, 2025 Sold
Sold
Sep 26, 2025 In contract -
In contract
Sep 16, 2025 Listed by Jack Lingo - Rehoboth $5,995,000
Listed by Jack Lingo - Rehoboth
Aug 25, 2022 Sold
Sold
Jun 7, 2022 No longer available -
No longer available
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Property Highlights

Elevator
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Total Rooms: 12
  • Bedroom Count: 7
  • Bathroom Count: 7
  • Partial Bathrooms: 7
  • Bathroom Plumbing Fixtures: 19
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 13
  • Floor Count: 300
  • Floor Cover: 11
  • Basement Type: 9
  • Basement Area: 1,782
  • Garage Type: 7
  • Garage Square Area: 784
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,073
  • Lot Size Depth Feet: 2,260
  • Lot Size Frontage Feet: 490
  • Total Building Area: 3,726
  • Gross Building Area: 2,786
  • Building Area: 3,726
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,726
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REHOBOTH BEACH
  • Land Acres: 0000000254
  • Standard Land Use Code: 1001
  • County Land Use Code: RS
  • Legal Description 1: SILVER LAKE SHORES LOT 16

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: 334-20.10-4.02
  • Lot: 16
  • Municipality: DEWEY TO LEWES EAST OF CANAL
  • Latitude: 38.7042
  • Longitude: -75.0784

    Address

  • Full Address: 20418 Silver Lake Dr
  • Address - House Number: 20418
  • Address - Street Name: Silver Lake
  • Address - Suffix Type: Dr
  • State: DE
  • City Name: Rehoboth Beach
  • Carrier Code: C009
  • 4-Digit Zip Code: 2052
  • Zip Code: 19971

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $446,013

    Appraisal Valuation

  • Standard Deviation: 0.2273
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 68
  • Final Value: 2,188,739
  • High Value: 2,686,373
  • Low Value: 1,691,105

    Market Valuation

  • Market Total Value: $168,200
  • Market Land Value: $26,500
  • Market Improvement Value: $141,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $84,100
  • Assessed Land Value: $13,250
  • Assessed Improvements Value: $70,850

    Sales

  • Current Sale Contract Date: Aug 22, 2022
  • Current Sale Recording Date: Aug 25, 2022
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 39909
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


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 112 Houston Street, DEWEY BEACH, DE, 19971

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
112 Houston Street #B, DEWEY BEACH, DE, 19971 Listing by Corinne Redick
Unit for rent at 19805 Coastal Highway, REHOBOTH BEACH, DE, 19971

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,522 ft²
19805 Coastal Highway #311, REHOBOTH BEACH, DE, 19971 Listing by CARLA L.H. RIDDLE


Frequently Asked Questions

When was property at 20418 Silver Lake Drive built and last sold?
The property at 20418 Silver Lake Drive was built in 2012 and last sold on Aug 22, 2022 for $5,650,000.
How much is this home worth?
The estimated value of the home located at 20418 Silver Lake Drive is $6,028,215.
What are some comparable homes to 20418 Silver Lake Drive?
There are currently no comparable homes to 20418 Silver Lake Drive.