For Sale

$2,450,000

For sale

38520 Pi••••• Ln Unit 2 (Sign up for 50 free credits to unlock)Rehoboth Beach, DE 19971

3Beds

5Baths

3,342Sq Ft Living

-Sq Ft Lot

2014Year Built

Property Description

Nestled in the heart of Rehoboth Beach, this luxurious lakefront town home offers an exceptional blend of elegance, comfort, and coastal charm. Designed with an inverted floor plan to maximize views and living space, the home welcomes you with a grand entrance on the ground floor, adorned with crown molding that leads into a spacious living room and serene lakefront patio. For added flexibility, this living room can easily transform into a fourth owner's suite by closing the discreet pocket doors. The second-floor features three beautifully appointed suites, each with private baths and balconies. The rear owner's suite is a true sanctuary, complete with a walk-in closet and access to a lakefront deck that spans the entire width of the home. A conveniently located laundry room adds to the thoughtful layout. Ride the private elevator to the third floor, where an expansive open concept living area awaits. The gourmet island kitchen is a chef's dream, outfitted with quartz countertops, GE Monogram appliances-including a gas cooktop, wall oven, food warmer, two dishwashers, built-in microwave, and commercial-grade hood. Adjacent to the kitchen, a wet barroom offers ample wine storage and counter space for crafting your favorite libations. The open living room is equally impressive, featuring a gas fireplace, vaulted ceilings, and skylights that flood the space with natural light. Folding glass doors open the entire rear wall to a screened porch, creating a seamless indoor-outdoor experience perfect for entertaining. During cooler months, clear vinyl panels convert the porch into a cozy three-season room, allowing you to enjoy breathtaking lake views all year long. Located in Rehoboth Beach, this town home offers more than just a stunning residence-it provides access to tax-free shopping, acclaimed restaurants, the iconic boardwalk, and pristine beaches. Don't miss your chance to own this exquisite waterfront retreat where luxury meets lifestyle.

Property Facts & Features

Property Type: Condos
Status: For Sale
Listed: Oct 22, 2026
Price per Sq Ft: $733/sqft
ZIP Code: 19971
Full Baths: 4
Half Baths: 1
Stories: 3
Garage: 1 space
Parking: Brick Driveway, Attached Garage, Off Street
Heating: Forced Air, Heat Pump Gas BackUp
Cooling: Central A/C
Construction: Frame, Aluminum Siding
Style: Reverse, Contemporary
HOA Fee: $500/mo
Property Tax (2026): $5,540/yr
Assessed Value: $1,241,000
County: Sussex
School District: Cape Henlopen School District

Estimated Value

$2,324,500Range $1,475,976 to $2,571,400

Automated estimate. Not an appraisal.

Features & Amenities

Bedrooms

Bedrooms: 3

Bathrooms

Total Bathrooms: 5
Full Bathrooms: 4
1/2 Bathrooms: 1

Appliances

Built-In Microwave
Cooktop
Dishwasher
Disposal
Dryer
Dryer - Electric
Extra Refrigerator/Freezer
Icemaker
Oven - Wall
Oven/Range - Gas
Refrigerator
Stainless Steel Appliances
Washer
Water Heater - Tankless

Home Features

View: Lake

Interior Features

Bar
Carpet
Ceiling Fan(s)
Combination Kitchen/Living
Elevator
Floor Plan - Open
Kitchen - Island
Kitchen - Eat-In
Pantry
Primary Bath(s)
Skylight(s)
Upgraded Countertops
Walk-in Closet(s)
Wet/Dry Bar
Window Treatments
Wine Storage
Wood Floors
Recessed Lighting

Garage and Parking

Garage Spaces: 1
Off Street Parking: 2
Parking Features: Brick Driveway, Attached Garage, Off Street
Parking Total: 3
Garage Sqft: 330

School Information

High School: CAPE HENLOPEN
Middle School: BEACON
School District: CAPE HENLOPEN

Heating and Cooling

Cooling Features: Central A/C
Heating Features: Forced Air, Heat Pump - Gas BackUp
Heating: Yes

Other Property Info

Annual Tax Amount: 2524
Source Listing Status: Active Under Contract
County: SUSSEX
Disclaimer: Standard
Ownership: Condominium
Property Subtype: condo
Source Neighborhood: NONE AVAILABLE
Postal Code Plus 4: 2041
Subdivision: NONE AVAILABLE

Accessibility Features

Elevator

Homeowners Association

Association: Yes
Association Fee: 6000
Association Fee Frequency: Annually
Calculated Total Monthly Association Fees: 500
Pet Description: No Pet Restrictions
Senior Community: No

Building and Construction

Total Square Feet Living: 3342
Year Built: 2014
Above Grade Finished Area: 3342
BelowGradeFinishedArea: 0
Building Name: NONE AVAILABLE
Construction Materials: Frame, Aluminum Siding
Levels: 3
Property Age: 12
Levels or Stories: 3
Structure Type: Twin/Semi-Detached
Total Area Sqft: 3342
Elevator: Yes
Architectural Style: Reverse, Contemporary

Waterfront and Water Access

Water Access
Waterfront
Waterfront Feet: 63

Price & Event History

Date	Event	Price	$/Sq Ft
Oct 22, 2026	Listed	$2,450,000	$733

Property Tax History

Year	Tax	Assessed	Land	Building
2026	$5,540	$1,241,000	$740,900	$500,100
2024	$2,842	$1,241,000	$740,900	$500,100
2023	$2,839	$51,200	$6,950	$44,250
2022	$2,752	$51,200	$6,950	$44,250
2021	$2,729	$51,200	$6,950	$44,250
2020	$2,721	$51,200	$6,950	$44,250
2019	$2,703	$51,200	$6,950	$44,250
2018	$2,248	$51,200	$6,950	$44,250
2017	$1,860	$44,250	-	$44,250
2016	$1,795	$44,250	-	$44,250
2015	$1,717	$44,250	-	$44,250