38180 Terrace Road

Closed 11/6/23

Sold

Last Sold Price

$2,300,000

3 beds4 baths1,600 sqft

38180 Terrace Rd, Rehoboth Beach, DE 19971

Single FamilyProperty Type

0.32 acresLot Size

1974Year Built

$1,438/sq ftPrice per sq ft

4 carsParking Spaces

Description

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. 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...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. 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.

Listed by: Joseph S Maggio Jr. 302.381.2268 joe@maggiorealty.com • Dave McCarthy & Associates, Inc.
Listed by: Kim Hitchens 302.381.1071 kim@maggiorealty.com • Dave McCarthy & Associates, Inc.

Listing closed: 11/06/2023 12:00 AM • Source: BRIGHT, MLS#: DESU2045668

Recent comparable sales

Median sold price

$1,999,000

Avg days on market

Sale-to-list ratio

92.2%

1/69

$1,999,000

Sold 01/03/25

3
Bedrooms: 3
Bathrooms: 1,320
Square Feet: 0.11
Acres

140 Henlopen Avenue, Rehoboth Beach, DE 19971

1/62

$2,475,000

Sold 11/19/25

3
Bedrooms: 4
Bathrooms: 3,000
Square Feet: 0.11
Acres

341 Hickman Street, Rehoboth Beach, DE 19971

$3,000,000

Sold 05/22/25

3
Bedrooms: 4
Bathrooms: 1,440
Square Feet: 0.11
Acres

27 Columbia Avenue, Rehoboth Beach, DE 19971

1/97

$2,500,000

Sold 09/15/26

3
Bedrooms: 3
Bathrooms: 1,854
Square Feet: 0.55
Acres

94 Tidewaters, Rehoboth Beach, DE 19971

$1,500,000

Sold 03/31/26

3
Bedrooms: 4
Bathrooms: 1,503
Square Feet: 0.11
Acres

21045 Elizabeth Avenue, Rehoboth Beach, DE 19971

1/84

$1,700,000

Sold 08/28/25

3
Bedrooms: 4
Bathrooms: 2,696
Square Feet: 0.37
Acres

137 Cornwall Road, Rehoboth Beach, DE 19971

$2,000,000

Sold 05/07/25

3
Bedrooms: 3
Bathrooms: 2,100
Square Feet: 0.17
Acres

110 New Castle Street, Rehoboth Beach, DE 19971

1/2

$1,925,000

Sold 08/17/26

3
Bedrooms: 3
Bathrooms: 1,048
Square Feet: 0.11
Acres

222 Stockley Street, Rehoboth Beach, DE 19971

1/35

$1,950,000

Sold 01/30/26

3
Bedrooms: 2
Bathrooms: 1,447
Square Feet: 0.22
Acres

24 Cedar Road, Rehoboth Beach, DE 19971

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Location

Listing Courtesy of Dave McCarthy & Associates, Inc.

Sold By Long & Foster Real Estate, Inc.

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$12,183 per month

30 year fixed, 6.71% Interest

Principal and Interest

$11,885

Property Taxes

$298

HOA Dues

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Property Information for 38180 Terrace Road

Property Details

MLS Type: Residential / Fee Simple
County: Sussex County
Tax ID Number: 334-20.09-18.00
Ownership: Fee Simple
Condo Coop Association: No
HOA: No
Structure Type: Detached
Style: Ranch/Rambler
Levels/Stories: 1
Furnished: No
Waterfront: No
Views: Street
Garage: Yes
Subdivision: SILVER LAKE MANOR
Subdivision: SILVER LAKE MANOR (SUSSEX DE)
Building Name: NONE AVAILABLE (REHOBOTH BEACH DE)
Cross Street: Route 1
Total Parking Spaces: 4
Central Air: Yes
Basement: Yes
Room Count: 10
Above Grade Finished SQFT: 1,600.00
Above Grade Fin SQFT Source: Estimated
New Construction: No
Property Condition: Very Good, Excellent

Building Information

Stories: 1
Year Built: 1974
Lot Size: 0.32 AC / 13,924 SF

Location

In City Limits: No
Transportation: Bus Stop less than 1 mile

School District Name: CAPE HENLOPEN
School District County ID: 300200396895
SchoolDistrictSource: Listing Agent
County: SUSSEX
MLS Area: Lewes Rehoboth Hundred (31009)

Waterfront / Water Access

Water View: No
Water Access: No

Water Oriented: Yes
Navigable Water: No
Tidal Water: No
Water Body Name: Atlantic
Water Body Type: Ocean
Riparian Rights Y/N: No
Distance To Body Of Water: 3.00
Distance To Body Of Water Units: Blocks

Association / Community Info

Senior Community: No
Association Recreation Fee Y/N: No

Taxes and Assessment

County Tax: $1,293
Historic: No

Zoning: RESIDENTIAL
Automatically Update Tax Values Y/N: No

Lease Information

Pets Allowed: Yes
Pet Restrictions: No Pet Restrictions

Concessions: Yes
Concessions Amount: $10,000

Rooms

Main

# Bedrooms Count Main Level: 3
# Bathrooms Count Main Level: 3

# Bathrooms Full Main Level: 2
# Bathrooms Half Main Level: 1

All Lower Levels

# Bathrooms All Lower Levels: 1
# Bathrooms Full All Lower Levels: 1

Lower Level 2

# Bathrooms Lower Level: 1
# Bathrooms Full Lower Level: 1

Rooms

Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Family Room, Laundry, Other, Additional Bedroom
Stories: Lower 2, Main

Rooms Information

Room 1

Room Type: Primary Bedroom
Room Level: Main

Room Exists: Yes

Room 2

Room Type: Additional Bedroom
Room Level: Main

Room Exists: Yes

Room 3

Room Type: Additional Bedroom
Room Level: Main

Room Exists: Yes

Room 4

Room Type: Kitchen
Room Level: Main

Room Exists: Yes

Room 5

Room Type: Living Room
Room Level: Main

Room Exists: Yes

Room 6

Room Type: Laundry
Room Level: Main

Room Exists: Yes

Room 7

Room Type: Dining Room
Room Level: Main

Room Exists: Yes

Room 8

Room Type: Additional Bedroom
Room Level: Lower 2

Room Exists: Yes
Room Dimensions: Basement

Room 9

Room Type: Family Room
Room Level: Main

Room Exists: Yes

Room 10

Room Type: Other
Room Level: Main

Room Exists: Yes
Room Dimensions: SCR DECK

Building Info

Year Major Reno Remodel: 2021
Total Finished SQFT: 1,600.00

Total Finished SQFT Source: Estimated
Total SQFT: 1,600.00
Total SQFT Source: Estimated
Main Entrance Orientation: Northeast
Construction Materials: Stick Built, Vinyl Siding
Roof: Architectural Shingle, Asbestos Shingle
Ext Main Mid-res: http://bright-media01.prd.brightmls.com/bright/images/0000/8025/2806/0872/802528060872_512_384_WM_vker43_FNMm5jXUo.jpg
Flooring Type: Hardwood, Tile/Brick
Basement Type: Full, Sump Pump
Foundation Details: Block
Room and Floor: Bedrooms-Main Level-1, Bedrooms-Main Level-2, Bedrooms-Main Level-3, Bathrooms Full-Main Level-1, Bathrooms Full-Main Level-2, Bathrooms Half-Main Level-1, Bathrooms Full-Lower Level 2-1
# Bathrooms Full: 3
# Bathrooms Half: 1

Lot / Land Information

Lot Size Source: Estimated
Lot Size Dimensions: 100X118

Lot Dimensions Source: Estimated
Lot Features: Landscaping, Partly Wooded, Subdivision Possible
Road Surface Type: Black Top
Road Responsibility: Public
Road Frontage Length: 100.00
Fencing: Fully
Location Type: Downtown
Ground Rent Exists: No

Parking

Type Of Parking: Off Street, Driveway, Attached Garage
Num of Attached Garage Spaces: 1

Driveway - # of Spaces: 1
Total Garage Spaces: 1
Off Street - # of Spaces: 2
Parking Features: Surface
Garage Features: Garage Door Opener

Interior Features

Interior Features: Attic, Breakfast Area, Kitchen - Country, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Ceiling Fan(s), WhirlPool/HotTub, Window Treatments
Fireplace: Yes

Fireplaces Count: 1
Fireplace Features: Gas/Propane
Appliances: Cooktop, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Extra Refrigerator/Freezer, Icemaker, Refrigerator, Microwave, Oven/Range - Gas, Oven - Self Cleaning, Washer
Accessibility Features: None
Door Features: Insulated, Storm
Window Features: Insulated, Screens
Laundry Type: Main Floor
Virtual Tour URL Unbranded: <iframe src="https://my.matterport.com/show/?m=rfqCt7xdCWt&mls=1" frameborder="0" width="853" height="480" allowfullscreen allow="xr-spatial-tracking"></iframe>

Exterior Features

Spa: Yes
Exterior Features: Hot Tub, Lawn Sprinkler, Outside Shower

Outdoor Living Structures: Deck(s), Porch(es), Enclosed, Screened
Pool: Yes - Personal
Personal Pool Features: Concrete, Gunite, Heated, In Ground
Other Structures: Above Grade

Utilities

Utilities: Cable TV, Propane, Phone
Heating: Yes

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

Confidential Data

Listing Office

List Agent AOR: Sussex County Association of REALTORS (DE)
List Agent URL: www.Rehobothleweshomes.com

Property History for 38180 Terrace Road

Date	Event & Source	Price	Appreciation
Nov 6, 2023	Closed (Public Record) Public Record #1522336658	$2,300,000	—
Nov 6, 2023	Closed BRIGHT #DESU2045668	$2,300,000	—
Sep 20, 2023	Pending BRIGHT #DESU2045668		—
Sep 20, 2023	Active Under Contract BRIGHT #DESU2045668		—
Sep 6, 2023	Price Change BRIGHT #DESU2045668	$2,550,000	—
Aug 5, 2023	Listed (Active) BRIGHT #DESU2045668	$2,600,000	—
Feb 21, 2009	Withdrawn BRIGHT #1001108154	$1,300,000	—
Nov 5, 2008	Listed (Active) BRIGHT #1001108154	$1,300,000	—

Date	Event & Source	Price
11/06/2023	Closed (Public Record) Public Record #1522336658	$2,300,000
11/06/2023	Closed BRIGHT #DESU2045668	$2,300,000
09/20/2023	Pending BRIGHT #DESU2045668	—
09/20/2023	Active Under Contract BRIGHT #DESU2045668	—
09/06/2023	Price Change BRIGHT #DESU2045668	$2,550,000
08/05/2023	Listed (Active) BRIGHT #DESU2045668	$2,600,000
02/21/2009	Withdrawn BRIGHT #1001108154	$1,300,000
11/05/2008	Listed (Active) BRIGHT #1001108154	$1,300,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 38180 Terrace Road

Taxable ValueLand$10,800Additions$18,700Total$29,500

Tax Record2026$3,580 ($298 / month)

Home Facts

Beds3Baths2Total Finished SqFt1,796 SqFtAbove Grade Finished SqFt1,796 SqFtUnfinished Basement SqFt1,726 SqFtStories1Lot Size11,800 SqFtStyleSingle Family ResidenceYear Built1974Year Renovated1974ZoningMRCountySUSSEXAPN334-20.09-18.00

Schools near 38180 Terrace Road

This home is within Cape Henlopen School District.


Rating	School	Type	Grades	Distance
8/10	Rehoboth Elementary School	Public - Serves this home	K to 5	0.3 mi
6/10	Mariner Middle School	Public - Serves this home	6 to 8	12.9 mi
8/10	Cape Henlopen High School	Public - Serves this home	9 to 12	5.0 mi
NR	Frederick D Thomas Middle School	Public - Nearby school	6 to 8	4.9 mi
NR	Sussex Consortium	Public - Choice school	PK to 12	5.8 mi


Rating	School	Distance
8/10	Rehoboth Elementary School PublicK to 5 Serves this home	0.3 mi
6/10	Mariner Middle School Public6 to 8 Serves this home	12.9 mi
8/10	Cape Henlopen High School Public9 to 12 Serves this home	5.0 mi
NR	Frederick D Thomas Middle School Public6 to 8 Nearby school	4.9 mi
NR	Sussex Consortium PublicPK to 12 Choice school	5.8 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 38180 Terrace Road, Rehoboth Beach, DE 19971	$2,300,000	3	4	1,600	13,924
30 Terrace Road, Rehoboth Beach, DE 19971	$715,000	–	–	–	–
38174 Terrace Road, Rehoboth Beach, DE 19971	$370,000	2	–	958	5,798
38188 Terrace Road, Rehoboth Beach, DE 19971	–	5	6	3,688	6,199
38194 Terrace Road, Rehoboth Beach, DE 19971	–	3	–	1,920	6,199
38209 Robinsons Drive, Rehoboth Beach, DE 19971	$720,000	3	2	1,475	5,227
38213 Robinsons Drive, Rehoboth Beach, DE 19971	$585,000	3	–	1,848	5,750
38166 Terrace Road, Rehoboth Beach, DE 19971	–	4	3	2,874	11,099
38179 Terrace Road, Rehoboth Beach, DE 19971	$900,000	4	4	2,632	5,700
38199 Robinsons Drive, Rehoboth Beach, DE 19971	–	4	3	1,588	10,698
38189 Terrace Road, Rehoboth Beach, DE 19971	$1,150,000	2	2	–	5,877
38183 Terrace Road, Rehoboth Beach, DE 19971	$1,185,000	3	2	1,400	5,663
38225 Robinsons Drive, Unit LOT 38, Rehoboth Beach, DE 19971	$660,000	–	–	–	5,898
38217 Robinsons Drive, Rehoboth Beach, DE 19971	$1,137,500	5	4	–	5,898
38198 Terrace Road, Rehoboth Beach, DE 19971	–	3	5	2,000	6,551
38172 Robinsons Drive, Unit 10, Rehoboth Beach, DE 19971	$520,000	2	3	950	–

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Dave McCarthy & Associates, Inc.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Rehoboth Beach, DE

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