50 acres Mount Joy Road Millsboro, DE $ 5,100,000
50 acres Mount Joy Road
$ 5,100,000
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50 acres Mount Joy Road

Millsboro, DE, 19966
$ 5,100,000
Baths0.0

Monthly Estimate*

$ 33,896

50 acres Mount Joy Road, Millsboro, DE 19966 - Image 1
50 acres Mount Joy Road, Millsboro, DE 19966 - Image 2
50 acres Mount Joy Road, Millsboro, DE 19966 - Image 3
50 acres Mount Joy Road, Millsboro, DE 19966 - Image 4
50 acres Mount Joy Road, Millsboro, DE 19966 - Image 5
50 acres Mount Joy Road, Millsboro, DE 19966 - Image 6
50 acres Mount Joy Road, Millsboro, DE 19966 - Image 7
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50 acres Mount Joy Road, Millsboro, DE 19966 - Image 10
50 acres Mount Joy Road, Millsboro, DE 19966 - Image 11
Studio

Lots and Land for sale in Millsboro, DE

for $5,100,000. The lot size is 50.

Raw land, Millsboro address, East of US Hwy 113, but a quick jaunt to Town of Millsboro or down to Rte. 24. Current zoning allows 2/units to the acre and ideally with central utilities, this is workable. Artesian to supply both the water & sewer. Activity in this area for development is ongoing. Property is mostly wooded, with mature trees. The area is rural, but close to everything that the 2nd home buyer or local families desire. Adjacent community is selling over $600k-$800 homes. No heavy traffic, no night noises from living near downtown. A beautiful rectangular 50 acre parcel within 20 minutes to the beaches. Water & Sewer update, quoting from Artesian VP: "In order to provide wastewater service to this property, the property owner would need to fund a sewer force main extension to convey the wastewater from this parcel to our (Artesian's) existing system. This is currently 1- 3 miles away and likely more than $1M to extend. There is a chance that within a few years other development projects in the area will lead to sewer and water infrastructure closer to parcel 234-20.00-22.00."

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Lots and Land Active

Price

$ 5,100,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 45

Style

Vacant

Lot Size

50

Town/City

Millsboro

County/Region

Sussex

MLS | Web ID

DESU2032790

Features
General
Sewer Not Applied for Permit
Utilities None
Possession Coin w/Sell Sett
Zoning AR-1
View Trees/Woods
Property SubType Other
Tax Year 2023
Current Use Vacant
Percent Ownership Fee Simple
County SUSSEX
Property Type Land
HOA / Comm Assn N
Possible Use Development Investment
Water Access Y/N N
Status ACTIVE
Directions North on Mt Joy Rd from Rte. 24 left at Morris Mill sign on left. GPS address 25525 Morris Mill Rd this older home sits 3 doors down and across the street from the 1000+ ft road frontage to the 50 a
City MILLSBORO
Buyer Agent Compensation 3
Disclosures Division potential Prop Disclosure Sell Entirely Other
Zoning Description Allows for development.
MLS Area Indian River Hundred (31008)
Lot Size Square Feet 2178000.00
Waterfront Y/N N
Street Name MOUNT JOY
Tax Annual Amount 45.0
Condo/Coop Association Y/N N
Clean Green Assessed Y/N N
Price Per Sq Ft Total 2.34
Acceptable Financing Cash Contract Conventional
Additional Parcels Y/N N
Historic Y/N N
Vacation Rental Y/N N
Days on Market 545
Location Type Rural
Sussex DE Quadrants Between Rt 1 & 113
Standard Status Active
Legal Subdivision INDIAN RIVER HUNDRED
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Lot Features Level Trees/Wooded
Water Source None
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Lot Size Acres 50.00
Road Surface Type None
Lot Size Units Square Feet
Lot Size Source Estimated
Soil Types Soil Study Avail
Navigable Water Y/N N
Water Oriented Y/N N
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Interior
Street Suffix ROAD
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Internal Only
Street Number 1 50
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* Excluded Features
List By
Berkshire Hathaway Homeservices Penfed Realty

Broker

sandra@commercialde.com

Email

Affordability Calculator

$33,900
Per Month
100%
0%
0%
Monthly Principal & Interest
$33,896
Monthly Property Taxes
$4
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2319194 Elementary School
2314471 Middle School
Indian River High School High School
Pricing History
DatePricePrice ChangeDescription
11/25/2022$5,000,000 Listed Price

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50 acres Mount Joy Road, Millsboro, DE, 19966 is a Lots and Land for sale at $5,100,000 with a lot size of 50. 50 acres Mount Joy Road is a studio with 0.0 baths. The property's zip code is 19966 which is in Millsboro, DE