Sold
CLOSED
Tbd Milton Ellendale Hwy
Milton DE, 19968
$7,829,000
$2.60 per sqft
Sold
CLOSED
69.08 Acres
Land
Prime development opportunity with rare High-Density Residential (HR-1) zoning. HR-1 allows for single family homes (7500 sf min lot size) and multi-family (towns/condos/apartments) with a 12/unit per acre density ratio. The 69 +/- acre parcel is located adjacent to the fast growing yet charming Town of Milton and only a short drive to Coastal Hwy (Rt. 1), Delaware Bay, Atlantic Ocean, Cape May Lewes Ferry, Tanger Outlets, and all of the attractions of Lewes & Rehoboth Beach. This property offers great visibility on the highly trafficked Route 16 while also providing a serene setting with private woods at the rear of the parcel. Less than one mile from Milton Park Center which includes Food Lion, Walgreens, County Bank, Dollar General and more. This property is ideal for a mixed use concept to include single family and apartment housing in Delaware's rapidly growing Cape Region, a very popular year round vacation destination and increasingly popular for many retirees relocating to the area.
DESU2015858
MLSⓇ ID
February 19, 2022
Listed
October 2, 2024
Updated
Map
Tbd Milton Ellendale Hwy
Milton DE, 19968
Exterior/Building Features
Lot Size
69.08 Acres
Lot Features
Cleared
School Information
School District
CAPE HENLOPEN
High School
CAPE HENLOPEN
Elementary School
MILTON
Other Property Details
Days on Market
35
Garage
No
View
No
County
SUSSEX
Pool
No
Zoning
High Density Residential
Listed by Jack Lingo - Rehoboth
Listing Contact: 3022266417
The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 10/2/2024 at 5:45 AM UTC
