Patterson-Schwartz Real Estate48.1 Acres Morris Mill Road, Millsboro, DE 19966 $4,400,000
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.
Lot Dimens:
Front Footage: 1050
School Dist: Indian River
Condo Assoc: No
Features
Utilities
Public Water Hook-up Available, Sewer Available, Water Available
Lot
Level Lot, Trees/Wooded, Rural, Trees/Woods View, Soil Study Avail, Black Top Road
Contact Information
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Listing Courtesy of: Berkshire Hathaway HomeServices PenFed Realty , (302) 227-6101
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Listing data as of 7/29/2025.
