38180 Terrace Rd

Rehoboth Beach, DE 19971







0.32 acres

lot size

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, 19×23 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.

General Details

StatusActive Under Contract
List Price$2,550,000.00
Address38180 Terrace Rd
Rehoboth Beach DE 19971
MLS NumberDESU2045668
Lot Size (Acres)0.32
Lot Size (Sq. Ft.)13924.00
BasementFull,Sump Pump
Structure TypeDetached
New ConstructionNo
Year Built1974
Tax ID334-20.09-18.00
Ownership InterestFee Simple
AgentJoseph S Maggio Jr.
BrokerageDave Mccarthy & Associates, Inc.


In City LimitsNo
MLS AreaLewes Rehoboth Hundred (31009)
School DistrictCAPE HENLOPEN

Water Access

Water Body NameAtlantic
Water Body TypeOcean


Condo/Coop AssociationNo
Senior CommunityNo

Utilites Information

Water SourcePublic
Sewer/SepticPublic Sewer
Central AirYes
Cooling TypeAttic Fan,Central A/C,Heat Pump(s)
Cooling FuelElectric,Other
Heating FuelPropane - Leased,Oil
Hot WaterElectric

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Offered by

Dave Mccarthy & Associates, Inc.

Courtesy of: Dave Mccarthy & Associates, Inc.

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Date last updated: 12/02/2023 03:19:07 AM