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Property profile & analytics
FOR SALE
Waterfront Land

5204 Brown St Milford, DE 19963

Property ID
US17-0220282
Property summary
AI-generated overview

Welcome to the Riverhouse Marina, your very own private resort situated on over 8 acres of pristine waterfront land and gated property. This exclusive retreat offers over 500 feet of dock space equipped with water and electricity, and approximately 1,000 feet of serene waterfront on the Mispillion River, with quick, deep-water access to the Delaware Bay. The property includes three RV hook-up areas with ample space to expand, a pavilion, and a Tiki Bar area, making it perfect for hosting events. With plenty of parking space, Riverhouse Marina is an ideal venue for events and gatherings. The home itself offers nearly 360-degree water views from every room. The primary suite boasts a massive walk-in closet and a private balcony. Key features include a newer roof installed within the past 2 years with a transferable warranty, a gas fireplace for warmth and ambiance, a vaulted ceiling that creates an open, airy feel, a kitchen island perfect for cooking and entertaining, hardwood floors throughout the first floor of home, and a convenient first-floor bedroom. With no HOA restrictions, you can explore the potential of earning income through many opportunities such as Airbnb and Hipcamp to name a few. This property is like having your own private state park, whether you enjoy boating or just relaxing on the dock for the day, this is where you want to be! Additionally, it includes two golf carts for easy exploration of the grounds and a large outbuilding for boat storage and all your toys. Enjoy stunning water views, abundant wildlife, and nature at its best. Located just a few minutes from the city of Milford for shopping and dining, with quick access to Route 1, Delaware Bay beaches are a mere 10 minutes away, and Delaware resort beaches are about 30 minutes away. Don't miss the opportunity to own this unique property that combines luxury, privacy, and income potential. You won’t find anything else like this! Riverhouse Marina awaits your visit! Be sure to check out the very detailed video tour in the virtual link!

Property profile
Verified
Property type Waterfront Land
UPID US17-0220282
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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