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Chris Yurko

[email protected] +1(703) 945-4291

Listed by SANDRA L WARE • Berkshire Hathaway HomeServices PenFed Realty

$ 4,400,000

Est. payment -/mo

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48.1 ACRES MORRIS MILL RD Millsboro, DE 19966

48.12 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID DESU2089822

HOA Y/N N

Lot Size 48.120 Acres

Acres 48.12

Property Sub-Type Land

Source BRIGHT

Property Description

Attn Investors. Buy and Hold this remarkable, pristine, wooded parcel. Current zoning allows 2/units to the acre and quite possible when Artesian Water Co. installs the laterals. They are confirmed to provide all central utilities. Property is mostly wooded, with mature trees. Timber report is included, recently paid by Seller. The area is rural, but close to everything that the 2nd home buyer or local family's desire. Adjacent single family community selling prices are now $600k++. No heavy traffic, no night noises from living near downtown. A beautiful rectangular nearly 50 acre parcel within 20 minutes to the beaches. This parcel is in Level III. Near enough to the Town of Millsboro to qualify for partial AH or Workforce Housing incentives. Recent legislative agenda supports this location for future development. Seller offering a reduced price of $4mm to cash investors who settle within 12 months.

Location

State DE

County Sussex

Area Indian River Hundred (31008)

Zoning AR-1

Interior

Inclusions Timber Report, Survey, Soil Report

Exterior

Utilities Available Sewer Available, Water Available

Water Access N

View Trees/Woods

Street Surface Black Top

Road Frontage Public, State

Garage N

Building

Lot Description Level, Trees/Wooded

Sewer Other

Water Public Hook-up Available, Other

Schools

Elementary Schools Georgetown

Middle Schools Indian River High School

High Schools Indian River

School District Indian River

Others

Tax ID 234-20.00-22.00

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Contract, Conventional

Horse Property N

Listing Terms Cash, Contract, Conventional

Financing Cash,Contract,Conventional

Special Listing Condition Standard

Chris Yurko

Advisor | License ID: SP200203978

+1(703) 945-4291

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