Silver Lake in Rehoboth Beach is an approximately 40 acre picturesque lake located directly behind the Atlantic Ocean, between Rehoboth and Dewey Beach. Along with Lake Gerar and Lake Comegys, Silver Lake is known as one of the closest fresh water lakes to the Atlantic Ocean, on the east coast. Designated as a waterfowl preserve, Silver Lake is home to a variety of ducks, geese and other types of freshwater birds throughout the year, attracting numerous wildlife photographers. In addition, Silver Lake is a huge attraction for walkers, runners and bikers, who enjoy gorgeous views from the surrounding streets.
Situated along the neighboring roads of Silver Lake are luxury condos, townhouses, single family homes and a few remaining building lots.
The restrictions in place that prevent the land congruent to Silver Lake from having a permanent standing structure, with the exception of docks and gazebos, provide most of these properties with unobstructed views of Silver Lake.
Silver Lake is one of the most remarkable aspects of the Rehoboth and Dewey Beach area. It offers a unique scenic setting unrivaled in Delaware.
Silver Lake Communities
Irene Carpenter Draper Subdivision is the astounding oceanfront property between Silver Lake and the Atlantic Ocean, adjacent to the southern city limit of Rehoboth Beach, known as South Rehoboth. This property was originally owned by Irene Carpenter Draper, a member of the duPont family, and then inherited by her five daughters. In the late 1990's, the family worked closely with Bill and Bryce Lingo of Jack Lingo Inc- Realtor to develop the property. The subdivision was originally approved for one acre lake and oceanfront parcels, but after slow sales, half acre building lots were created and approved in 1995. Currently there is one unimproved half acre building lot remaining, with the other seven improved by gorgeous oceanfront homes. Also, the two original Carpenter homes still exist on parcels of over 1.2 acres.
These properties are considered by many to be the most desirable oceanfront real estate at the Delaware beaches. The views of both Silver Lake and the Atlantic Ocean are spectacular from each home site. The last transaction occurred in 2003, but they very rarely become available. Prices would easily exceed $6M, if one were to be listed for sale today.
Silver Lake Dunes is the lake and oceanfront community located at the northern limit of Dewey Beach, between Silver Lake and the Atlantic Ocean. This small enclave, consisting of seven beautiful homes, is accessed by East Lake Drive in South Rehoboth.
Of the seven homes, three are oceanfront; two are ocean view and two front directly on Silver Lake. Prices range from $2M to $4M and more.
Silver Lake Shores is the picturesque stretch of land adjacent to Silver Lake, which leads from Rehoboth and Dewey Beach, along Silver Lake Drive. This community features luxury condos, townhouses and single family homes. Many homeowners enjoy the unique scenario of Silver Lake and the Atlantic Ocean within the same view.
Silver Lake Shores is a highly desired location and prices range from around $1M to $3M and more.
Silver Lake Manor is primarily located from Robinson Drive towards the western portion, or backside, of Silver Lake. This community consists of mainly single family homes and a few condominiums. Silver Lake Manor is a charming and quiet location, within walking distance from the beach, boardwalk and Rehoboth Avenue.
Silver Lake Manor prices range from the $600's for the interior homes and as much as $2M for homes that front on Silver Lake.
Newbold Square is a private pool condo community that was constructed in 1969. It consists of 40 units, located in three buildings along Silver Lake. Each unit is either direct waterfront on Silver Lake or has gorgeous Silver Lake views. There are 20 cozy one bedroom units located on the first floor, and 20 three bedroom, townhouse style units located on the second and third floors. All units feature fireplaces for four season enjoyment.
Newbold Square prices range from the mid $200's for one bedroom units, to the $600's for three bedroom units.
The Lake House was built in 1997 and is one of the most desired condo buildings in Rehoboth Beach. The Lake House consists of six luxury condos, all featuring spectacular views of both Silver Lake and the Atlantic Ocean. The units vary in square footage, but all are one level, with the exception of the two level penthouse. Each unit features a large, private garage and the building includes an elevator.
The Lake House sale prices range from $1.2M to over $2M.
The Lakeview townhome building consists of four luxury units built in 1986. Each unit features four levels, great floor plan, garage and spectacular views of Silver Lake and the Atlantic Ocean.
Lakeview prices start at approximately $1M.
Lakeside Villas is the most recently built condominium along Silver Lake Drive, which was in 2003. The building consists of three luxury units, each featuring a private elevator and a six car garage. The views across Silver Lake to the Atlantic Ocean are captivating.
Lakeside Villas prices start at approximately $1M.