Nestled among beautiful mature trees in the desirable Schoolvue community, 507 School Lane is a property that offers endless opportunities! Built in 1965, this classic 2 story, 4 bedroom, 2.5 bath Colonial home features charm and character throughout. The welcoming front porch adorned with red brick greets you upon entry. Some of the home’s key features include a large great room with bay windows offering an abundance of natural light, a cozy den accented with reclaimed hardwoods, built-ins, brick fireplace, and knotty pine paneling, a walk-up attic, and full walk-out basement. This building lot is like no other in the area offering the utmost privacy at 23,000 +/- square foot in size. It provides the opportunity for expansion or build new with room for a pool, garage and the maximum square footage under the Rehoboth Beach building code. Your options are too numerous to list. With easy access to downtown Rehoboth, South Rehoboth’s beaches, Turtle Park, Turtle Bridge and local tennis, this property will be hard to beat!