RARE TRUE BEACHFRONT! Exceptional multi-unit property directly on the Delaware Bay with ownership extending to the high-water line. Enjoy panoramic water views, dual beach access, and a peaceful coastal setting adjacent to Prime Hook National Wildlife Refuge. The property includes a 1,817 SF main residence plus a fully renovated 686 SF vacation-rental condo, offering an outstanding opportunity for personal use, extended family, or income generation. The main residence blends classic Cape Cod charm with modern refinement. Original hardwood floors, curated finishes, new landscaping, new decking, and a new carport complement thoughtfully designed outdoor spaces perfect for sunrise coffee and sunset reflection. The home's character and coastal setting create a warm, inviting retreat with exceptional water views. The separate 686 SF condo was completely renovated in 2023 and is being sold fully furnished and turnkey. Features include updated bathrooms, new hot water heaters, new A/C (2025–26), washer/dryer, and a game room. The condo is an established, high-performing Airbnb with a 4.98-star rating from 112 reviews and Guest Favorite designation, placing it among the top 1% nationally. The rental generates approximately $30,000 annually and has produced more than $92,000 in gross rental revenue from 2024–2026. Guests consistently highlight the property's cleanliness, comfort, quiet beach, and family-friendly setting. Recent improvements include new ASCEND composite siding (2025) with a transferable lifetime warranty, an EcoPod advanced septic system (blower replaced in 2024), separate electric meters, and active flood insurance. Property is located in Flood Zone VE. No HOA. A rare opportunity to own a fully updated Delaware Bay beachfront property with immediate rental income potential, multiple living spaces, exceptional water views, and direct beach access. --
For sale
$1,300,000
287 Bay Ave, Milford, DE 19963
5beds
2,503sqft
Single Family Residence
Built in 1959
0.29 Acres Lot
$1,244,700 Zestimate®
$519/sqft
$-- HOA
What's special
Updated bathroomsDual beach accessPanoramic water viewsGame roomNew carportCurated finishesNew landscaping
- 28 days
- 977
- 78
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Rosanna Zappulo 302-943-9551,
Keller Williams Realty Central-Delaware 3026770020,
Listing Team: The Johnson Alliance
Source: Bright MLS,MLS#: DESU2121008
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 4, Bedroom 5, Kitchen, Bedroom 1, Recreation Room, Bathroom 1, Bathroom 3, Primary Bathroom
Primary bedroom
- Level: Upper
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Bedroom 4
- Level: Lower
Bedroom 5
- Level: Lower
Primary bathroom
- Level: Upper
Bathroom 1
- Level: Main
Bathroom 3
- Level: Lower
Dining room
- Level: Main
Kitchen
- Level: Main
Kitchen
- Level: Lower
Living room
- Level: Main
Living room
- Level: Lower
Recreation room
- Level: Upper
Heating
- Forced Air, Electric
Cooling
- Ceiling Fan(s), Ductless, Electric
Appliances
- Included: Electric Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,503
- Total interior livable area: 2,503 sqft
- Finished area above ground: 2,503
Video & virtual tour
Property
Parking
- Total spaces: 5
- Parking features: Garage Faces Rear, Detached, Driveway
- Garage spaces: 1
- Uncovered spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Has view: Yes
- View description: Bay, Panoramic, Water
- Has water view: Yes
- Water view: Bay,Water
- Waterfront features: Sandy Beach, Shared, Bayfront, Bay
- Frontage length: Water Frontage Ft: 50
Lot
- Size: 0.29 Acres
- Features: Fishing Available, Other
Details
- Additional structures: Above Grade
- Parcel number: 23001.00169.00
- Zoning: TN
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Combination
- Foundation: Block
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: On Site Septic
- Water: Private
Community & HOA
Community
- Subdivision: None Available
HOA
- Has HOA: No
Location
- Region: Milford
Financial & listing details
- Price per square foot: $519/sqft
- Tax assessed value: $599,700
- Annual tax amount: $1,839
- Date on market: 9/26/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
$1,244,700
$1.18M - $1.31M
$2,530/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2026 | Listed for sale | $1,300,000+57.6%$519/sqft |
Source: | ||
| 4/28/2023 | Sold | $825,000-13%$330/sqft |
Source: | ||
| 2/15/2023 | Contingent | $948,500$379/sqft |
Source: | ||
| 12/5/2022 | Price change | $948,500-3.7%$379/sqft |
Source: | ||
| 11/1/2022 | Listed for sale | $985,000+101%$394/sqft |
Source: | ||
| 12/29/2017 | Sold | $490,000-6.7%$196/sqft |
Source: Agent Provided Report a problem | ||
| 6/29/2017 | Listing removed | $525,000$210/sqft |
Source: Burns & Ellis Realtors #6984068 Report a problem | ||
| 5/16/2017 | Listed for sale | $525,000$210/sqft |
Source: Burns & Ellis Realtors #6984068 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,839 +90.2% | $299,850 +1561.2% |
| 2024 | $967 -3.7% | $18,050 |
| 2023 | $1,004 +1.5% | $18,050 |
| 2022 | $988 -1.1% | $18,050 |
| 2021 | $1,000 -0.3% | $18,050 |
| 2020 | $1,003 | $18,050 |
| 2019 | $1,003 -0.8% | $18,050 |
| 2018 | $1,011 -0.5% | $18,050 |
| 2017 | $1,016 -8.8% | $18,050 |
| 2016 | $1,114 +42.2% | $18,050 |
| 2015 | $784 +3.5% | $18,050 |
| 2014 | $757 -2.2% | $18,050 |
| 2013 | $775 +3.2% | $18,050 |
| 2012 | $750 +1.4% | $18,050 +8.4% |
| 2011 | $740 | $16,650 |
| 2010 | $740 +4.4% | $16,650 |
| 2009 | $709 | $16,650 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 19963
Nearby schools
Schools provided by the listing agent
- District: Milford
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





