$4,400,000

48.1 acres Morris Mill Rd Millsboro, DE 19966

Estimated payment $27,843/month

Total Views 3,969
48.12 Acres
$91,438 Price per Acre
2,096,107 Sq Ft Lot

Highlights

  • View of Trees or Woods
  • Wooded Lot
  • Level Lot
  • 48.12 Acre Lot
  • No HOA

About This Lot

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.

Listing Agent

Sandra Ware

(302) 542-0900 Sandra@CommercialDE.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0013446 Listed on: 07/09/2025

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Property Type

  • Land

Lot Details

  • 48.12 Acre Lot
  • Rural Setting
  • Level Lot
  • Wooded Lot
  • Property is zoned AR-1, Residential and farming allowed

Property Views

  • Views of Woods

Schools

  • Georgetown Elementary School
  • Indian River High Middle School
  • Indian River High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 234-20.00-22.00

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Historic: No
  • Inclusions: Timber Report, Survey, Soil Report
  • Federal Flood Zone: No
  • Remarks Public: 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.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 2.10
  • Street Number Modifier: 48.1 acres

Exterior Features

  • Construction Completed: No
  • Road Surface Type: Black Top
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Utilities: Sewer Available, Water Available
  • Water Source: Public Hook-Up Available
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: INDIAN RIVER
  • Elementary School: GEORGETOWN
  • Middle School: INDIAN RIVER HIGH SCHOOL
  • High School: INDIAN RIVER
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200396898
  • School District Source: 3rd Party
  • Elementary School: GEORGETOWN
  • High School: INDIAN RIVER
  • Middle Or Junior School: INDIAN RIVER HIGH SCHOOL

Lot Info

  • Wooded Acres: 48.12
  • Horses: No
  • Additional Parcels: No
  • Land Use Code: AR-1
  • Lot Features: Level, Trees/Wooded
  • Lot Size Acres: 48.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2096107.20
  • Soil Types: Soil Study Avail
  • Topography Description: Level
  • Zoning: AR-1
  • Zoning Description: Residential and farming allowed
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Lease In Effect: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 234-20.00-22.00
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: INDIAN RIVER

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 For Sale $4,400,000 -- --
Source: Bright MLS

Source: Bright MLS

MLS Number: DESU2089822

Bright MLS