- 5 beds
- 2 baths
- – sqft
- ~1/2 acre lot
- 1950 build
Waterfront Investment Opportunity in Millsboro, DE – Two Homes, Endless Potential! Don’t miss this rare chance to own a waterfront property on the Indian River, a large parcel of 0.44 acre with 80 feet of direct water frontage in beautiful Millsboro, Delaware. This unique property features two separate houses, each with its own postal address, offering incredible flexibility for investors, vacationers, or those seeking multi-family living. The first home offers 3 bedrooms and 1 bathroom, and the second home offers 2 bedrooms and 1 bathroom. Both homes have been well maintained by the current owners for over 40 years, they put a new roof for the 2 bedroom house, and it has a partial basement that can be finished by the new owners, with some cosmetic updates and remodeling, you can turn it into your personal waterfront PARADISE!!! The potential here is amazing, whether you choose to live in one home and rent or Airbnb the other, or rent out both for steady income, , It can be also a great flip, updated houses nearby sell for over $500,000 and up to $800,000. Property will be conveyed in AS-IS condition, giving you the freedom to renovate to your taste. Buyers are responsible for their own due diligence regarding any potential subdivision or redevelopment. Opportunities like this don’t come along often—schedule your showing today before this unique waterfront gem is gone!
Last checked:
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Last updated Jun 17, 2025
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MLS# DESU2087590 —
The Building
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Year Built:1950
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Vinyl Siding
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Building Name:None Available
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Structure Type:Detached
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Architectural Style:Ranch/Rambler
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Levels:1
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Security Features:Carbon Monoxide Detector(s)
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Accessibility Features:Level Entry - Main
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Foundation Details:Permanent
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Basement:Yes
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Basement Type:Partial
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt Source:Assessor
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Assessor
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Below Grade Unfinished SqFt Source:Assessor
Interior
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Flooring Type:Hardwood
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Fireplace:No
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Wall & Ceilings:Dry Wall
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Living Area SqFt Source:Assessor
Room Dimensions
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Living Area SqFt:0 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional, FHA, Cash, FHA 203(k), VA
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Possession:Settlement
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Lease Considered:No
Location
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Directions:Use GPS
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Latitude:38.59589024
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Longitude:-75.28873224
The Property
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Property Type:Residential
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Lot Size Units:Square Feet
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Lot Size Acres:0.44
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Lot Size Source:Assessor
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Lot Size Dimensions:90.00 x 215.00
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Lot Dimensions Source:Assessor
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Lot SqFt:19,166 Sqft
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Zoning:AR-1
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In City Limits:No
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Other Structures:Above Grade, Below Grade
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Horse:No
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Waterview:No
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Waterfront:Yes
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Waterfront Features:Boat/Launch Ramp - Private
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Water Oriented:Yes
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Water Access:Yes
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Water Body Name:INDIAN RIVER
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Water Body Type:Bay
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Navigable Water:Yes
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Water Frontage In Feet:80
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Land Use Code:999
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Ground Rent Exists:No
Listing Agent
- Contact info:
- Agent phone:
- (302) 307-3047
- Office phone:
- (888) 260-0040
Taxes
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Tax ID Number:234-32.00-89.00
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Tax Year:2024
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Tax Annual Amount:$287
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Year Assessed:2024
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School Tax:256.0
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County Tax:28.00
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:5
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Bedrooms Main Level:3
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Upper Level Bedrooms:2
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Upper Level 1 Bedrooms:2
Baths
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Total Baths:2
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Full Baths:2
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Main Level Baths:2.00
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Main Level Full Baths:2
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:90% Forced Air
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Private Septic Tank
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Hot Water:Electric
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Water Source:Well
Appliances
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Appliances:Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Washer, Water Heater
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Laundry Type:Has Laundry, Main Floor
Schools
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School District Name:Indian River
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School District Source:Listing Agent
The Community
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Subdivision Name:Indian River Hundred
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Senior Community:No
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Pool:No Pool
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Spa:No
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Docks:1
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Dock Type And Features:Private
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Dock/Slip Conveyance:Yes
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Dock/Slip Conveyance:Assigned
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Slips:2
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Association Recreation Fee:No
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HOA:No
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Condo/Coop Association:No
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
Monthly cost estimate

Asking price
$299,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,601
|
Taxes | $23 |
Insurance | $82 |
Utilities | N/A |
Total | $1,706/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/11/25
Jun 11, 2025
|
Listed / Active | BRIGHT | $299,000 |