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For sale
  • $1,300,000

    287 Bay Ave, Milford, DE 19963

    5beds
    2,503sqft
    : 
    $7,826/mo
    Get pre-qualified
    Single Family Residence
    Built in 1959
    0.29 Acres Lot
    $1,234,100 Zestimate®
    $519/sqft
    $-- HOA

    What's special

    Updated bathroomsDual beach accessPanoramic water viewsGame roomNew carportCurated finishesNew landscaping
    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. --
    28 days
    979
    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#: DESU2121008MLS Logo

      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

        $1,234,100

        $1.17M - $1.30M

        $2,530/mo

        Price history

        DateEventPrice
        9/26/2026Listed for sale$1,300,000+57.6%$519/sqft
        Source: Bright MLS #DESU2121008 Report a problem
        4/28/2023Sold$825,000-13%$330/sqft
        Source: Bright MLS #DESU2031192 Report a problem
        2/15/2023Contingent$948,500$379/sqft
        Source: Bright MLS #DESU2031192 Report a problem
        12/5/2022Price change$948,500-3.7%$379/sqft
        Source: Bright MLS #DESU2031192 Report a problem
        11/1/2022Listed for sale$985,000+101%$394/sqft
        Source: Bright MLS #DESU2031192 Report a problem
        12/29/2017Sold$490,000-6.7%$196/sqft
        Source: Agent Provided Report a problem
        6/29/2017Listing removed$525,000$210/sqft
        Source: Burns & Ellis Realtors #6984068 Report a problem
        5/16/2017Listed for sale$525,000$210/sqft
        Source: Burns & Ellis Realtors #6984068 Report a problem

        Public tax history

        YearProperty taxesTax 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-- --
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        Find assessor info on the county website

        Monthly payment

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 19963

        Getting around

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        Nearby schools

        GreatSchools rating
        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.

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