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    114 Paddock Way, Unit 40 Lewes, DE 19958

    For Sale
    $750,000

    LAND - LEWES, DE

    Lot size:
    0.23 Acres
    Days on Market:
    45
    Last Refresh:
    Dec 5 at 12:06 pm

    Property Features for 114 Paddock Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.23 Acres

    Jack Lingo Realtor, Inc. (302) 226-6407 [email protected]

    Listing agent SHAUN TULL (302) 226-6417 License #RS-0016284

    Listing date Oct 22, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Lewes, DE

    This property presents an excellent opportunity within the Olde Town custom home community in Lewes, Delaware. The community comprises 85 homesites without builder restrictions, located within one mile of Lewes Beach, Cape Henlopen State Park, and downtown Lewes's dining and shopping venues. Situated adjacent to community open space and a buffer near Showfield, 114 Paddock Way (Lot 40) is a short walk from the community pool and pool house. Additional amenities include sidewalks, walking trails, and direct access to the 16-mile Junction & Breakwater Trail that connects Lewes to Rehoboth Beach. This resale opportunity is available in the sold-out Olde Town community. The lot size is approximately 0.23 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewes
    County
    Sussex
    State
    Delaware
    Longitude
    -75.13798
    Latitude
    38.76527

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    FAQs

    What type of property is this?
    Residential land & home lot - Homesite near Lewes Beach, Cape Henlopen State Park, and downtown.
    Where is this residential land & home lot located?
    The property is located at 114 Paddock Way, Unit 40 Lewes, DE.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Prime Location: Less than one mile from Lewes Beach, Cape Henlopen State Park, downtown restaurants, and shopping.; - Rare Resale Opportunity: Olde Town is sold out, making this a unique chance to own in this desirable community.; - Adjacent to Open Space: Lot 40 (114 Paddock Way) is adjacent to community open space and a buffer next to Showfield.
    (302) 226-6417
    Request Owner's contact information
    114 Paddock Way, Unit 40 Lewes, DE 19958
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    Lewes, DE 19958
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 Paddock Way, Unit 40 Lewes, DE 19958
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