MLS # DESU2089822
48.1 acres morris mill rd, Millsboro, DE 19966
$4,400,000
Land
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 livin Read More
Property Summary
Status:
Active
MLS #:
DESU2089822
Street Address:
48.1 Acres Morris Mill Rd
City, State Zip:
Millsboro, DE 19966
County:
Sussex
Property Type:
Land
Lot Type:
Land
Price
$4,400,000
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.Property Details
Utilities
Water Available:
N
Sewer:
Other
Exterior & Lot Features
Present Use:
Vacant
Lot Type:
Land
Road Access:
Public,State
Road Maintenance:
Public,State
Septic Permit:
Other
SCHOOL INFORMATION
School District:
Indian River
OTHER PROPERTY INFO
City:
Millsboro
Area:
Indian River Hundred (31008)
In City Limits:
No
Map Section:
Between Rt 1 & 113
New Construction:
No
Historic Distict:
No
Last Price Change:
07/09/2025 07:58:49
# of Day on Market:
8 Days
Financial Info
List Price:
$4,400,000
Annual Property Tax:
$0
Annual City Tax:
$0
Annual HOA Fees:
$0
Financing Type:
Cash, Contract, Conventional
LISTING FIRM
Listing Agent:
Berkshire Hathaway HomeServices PenFed Realty
Listing Firm Phone:
2147483647