Open House 11/14 11am - 1pm
287 Bay Avenue
Milford, DE, 19963 $ 1,300,000
Bedrooms5 Baths3.0 Sq 2,503 Monthly Estimate*
$ 8,979
for $1,300,000 with 5 bedrooms and 3 full baths. This 2,503 square foot home was built in 1959 on a lot size of 0.29.
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 (202526), 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 20242026. 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. --
See more
Open House
11/14/2026 11:00 AM - 1:00 PM
287 Bay Avenue Milford, DE
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralLiving Area 2503
Sewer On Site Septic
Heating Forced Air
Cooling Ceiling Fan(s) Ductless/Mini-Split
Possession 0-30 Days CD
Zoning TN
Garage Spaces 1.00
Architectural Style Cape Cod
Construction Materials Combination
School District MILFORD
Year Built 1959
View Bay Panoramic Water
Levels 2
Ownership Fee Simple
Cool Fuel Electric
Waterfront Features Sandy Beach Shared
Building Name NONE AVAILABLE
Accessibility None
County SUSSEX
New Construction N
Property Type Residential
HOA N
Subdivision Name NONE AVAILABLE
Garage Y/N Y
Water Access Y/N Y
Other Structures Above Grade
Full Baths 3
Status ACTIVE
Directions East on Slaughter Beach Road turn right on Bay Avenue property on left
City MILFORD
Senior Community Y/N N
MLS Area Cedar Creek Hundred (31004)
Lot Size Units Square Feet
Lot Size Square Feet 12632.40
Structure Type Detached
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 519.38
Vacation Rental Y/N N
Virtual Tour https://view.spiro.media/order/2b2b91a3-0081-4252-fd92-08df1573e9fe?version=121_051&branding=true
Location Type Bayfront
Sussex DE Quadrants East of Rt 1
Standard Status Active
Year Built Source Estimated
See more
InteriorHeating Fuel Electric
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Above Grade Finished Area 2503
Half Baths 0
Central Air Y/N N
Total Bedrooms 5
Room Type Living Room Dining Room Primary Bedroom Bedroom 2 Bedroom 4 Bedroom 5 Kitchen Bedroom 1 Recreation Room Bathroom 1 Bathroom 3 Primary Bathroom
Main Level Bedrooms 2
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 3
See more
ExteriorPool No Pool
Lot Features Fishing Available Other
Water Source Private
Garage Features Garage - Rear Entry
Type of Parking Detached Garage Driveway
Foundation Details Block
Water View Y/N Y
Lot Size Acres 0.29
Water Body Type Bay
Lot Size Source Estimated
Waterfront Y/N Y
Navigable Water Y/N Y
Water Oriented Y/N Y
See more
* Excluded FeaturesList ByKeller Williams Realty Central-DelawareBroker
Affordability Calculator
- Monthly Principal & Interest
- $8,979
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbySingle family listings in Milford, DE
Average List Price $562,327
Percent of Sale Price 57%
About Milford, DE 10,495 Population
34% Since 2002
$ 51,383 Median Income
39.23 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
2315210 Elementary School
2315212 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/24/2026 | $1,300,000 | | Listed Price |