Estimated payment $4,507/month
Total Views
8,212
4
Beds
3
Baths
12,000
Sq Ft
$66
Price per Sq Ft
Highlights
- Hot Property
- 1 Dock Slip
- Private Water Access
- 100 Feet of Waterfront
- Boat Ramp
- Private Pool
About This Home
ALL OFFERS ARE DUE AND TO BE REVIEWED BY SEPTEMBER 28TH, 2026.
A truly rare lakefront opportunity in New Castle County awaits at 1 Lake Drive in Bear, Delaware. Situated on approximately 0.62 acres along the water, this extraordinary property combines a substantial homesite, sweeping lake views, exceptional privacy, and a massive custom residence currently under construction. Opportunities offering this combination of lot size, direct proximity to the lake, water views, and nearly 12,000 square feet of potential living space are exceptionally difficult to find in northern Delaware.
The existing structure has undergone an ambitious expansion and transformation, giving the next owner the opportunity to take over a remarkable project and complete it according to their own vision. Extensive framing is already in place across multiple levels, with oversized window openings positioned to capture natural light and dramatic views of the surrounding property and lake. The scale of the home provides tremendous flexibility for expansive living and entertaining areas, multiple bedroom suites, home offices, recreation spaces, guest accommodations, fitness areas, or other custom configurations. A substantial rooftop level creates even more possibilities for outdoor living and entertaining with elevated views across the surrounding landscape.
Outside, the oversized grounds offer space rarely associated with lakefront property in this part of New Castle County. The property includes an existing in-ground pool area, extensive yard space, mature landscaping, and direct visual connection to the water, creating the foundation for a private resort-style setting.
For an owner-occupant, this is an opportunity to finish a one-of-a-kind custom waterfront estate rather than compromise with someone else's design. For a builder or investor, the property's size and distinctive setting may present an equally compelling opportunity. Subject to applicable zoning, licensing and governmental approvals, buyers may also explore its potential as a luxury short-term rental/Airbnb, executive rental, furnished rental, or high-end long-term rental, where the combination of extraordinary square footage and a lakefront setting could create a uniquely differentiated offering.
Located in Bear, DE, yet offering a setting that feels completely removed from the typical suburban home, 1 Lake Drive is not simply another renovation project—it is a chance to complete a landmark property. Bring your architect, builder and imagination and transform this unfinished canvas into an exceptional Delaware lakefront residence, luxury retreat, or investment property.
Property is being offered in its current unfinished condition. Buyer is responsible for verifying square footage, construction status, permits, zoning, short-term/long-term rental eligibility and all intended uses.
Property is scheduled for Sheriff Sale October 13th.
Listing Agent
(302) 504-6147 mike@maui.net Crown Homes Real Estate Brokerage Phone: 3025046147 License #RS0040131 Listed on: 09/12/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $792
Year Built
- Built in 1979
Lot Details
- 27,007 Sq Ft Lot
- 100 Feet of Waterfront
- Home fronts navigable water
- Property is zoned NCPUD
Parking
- Driveway
Interior Spaces
- 12,000 Sq Ft Home
- Property has 3 Levels
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Private Pool
- Private Water Access
- Property is near a lake
- Boat Ramp
- 1 Dock Slip
- Private Dock
- Electric Motor Boats Only
Community Details
- No Home Owners Association
- Rivers End Subdivision
Listing and Financial Details
- Tax Lot 263
- Assessor Parcel Number 10-028.30-263
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,800 | $78,900 | $67,600 | $11,300 |
| 2024 | $4,620 | $108,500 | $21,600 | $86,900 |
| 2023 | $4,494 | $108,500 | $21,600 | $86,900 |
| 2022 | $4,483 | $108,500 | $21,600 | $86,900 |
| 2021 | $3,988 | $108,500 | $21,600 | $86,900 |
| 2020 | $3,875 | $108,500 | $21,600 | $86,900 |
| 2019 | $3,943 | $108,500 | $21,600 | $86,900 |
| 2018 | $253 | $108,500 | $21,600 | $86,900 |
| 2017 | $3,023 | $108,000 | $21,100 | $86,900 |
| 2016 | $3,023 | $108,000 | $21,100 | $86,900 |
| 2015 | $2,709 | $108,000 | $21,100 | $86,900 |
| 2014 | $2,708 | $108,000 | $21,100 | $86,900 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/12/2026 09/12/26 | Price Changed | $786,687 | -12.1% | $66 / Sq Ft | |
| 09/12/2026 09/12/26 | For Sale | $895,000 | +32.5% | $75 / Sq Ft | |
| 03/22/2022 03/22/22 | Sold | $675,576 | -3.4% | $162 / Sq Ft | View Prior Sale |
| 02/22/2022 02/22/22 | Pending | -- | -- | -- | |
| 02/15/2022 02/15/22 | Price Changed | $699,000 | -6.4% | $167 / Sq Ft | |
| 11/27/2021 11/27/21 | For Sale | $747,000 | -- | $179 / Sq Ft |
Source: Bright MLS
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | Brian Frederick Funk Pa | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | North American Title Ins Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $641,797 | New Conventional | |
| Previous Owner | $597,000 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $250,000 | Unknown |
Source: Public Records
About the Listing Agent
Mike holds an active real estate license with Pacific Image Properties and a Bachelor of Science Degree in Hotel & Resort Management. Mike specializes primarily on condominiums and residential properties in all areas of Maui. When Mike is not selling real estate he is researching the latest technology and exploring more ways to better serve his clients. Mike’s work ethic and energy are immediately noticeable. with a string support staff Mike is equipped with all of the tools to ensure a smooth
Michael's Other Listings
Source: Bright MLS
MLS Number: DENC2111164
APN: 10-028.30-263
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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
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