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MLS: #DENC2111164, Listed By: Michael Mulski, Crown Homes Real Estate, Source:Bright MLS

1 Lake Drive

BEAR, DE 19701

$786,687 $3,316/Mo

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Overview

Bed

Bath

12,000

Sqft

0.62

Acre(Lot)

Description

PROPERTY IS SCHEDULED FOR SHERIFF SALE OCTOBER 13TH, 2026 A truly rare lakefront opportunity in New Castle County awaits at 1 Lake Drive in Bear, Delaware. Situated on approximately 0.62 acres along the water, this extraordinary property combines a substantial homesite, sweeping lake views, exceptional privacy, and a massive custom residence currently under construction. Opportunities offering this combination of lot size, direct proximity to the lake, water views, and nearly 12,000 square feet of potential living space are exceptionally difficult to find in northern Delaware. The existing structure has undergone an ambitious expansion and transformation, giving the next owner the opportunity to take over a remarkable project and complete it according to their own vision. Extensive frami ng is already in place across multiple levels, with oversized window openings positioned to capture natural light and dramatic views of the surrounding property and lake. The scale of the home provides tremendous flexibility for expansive living and entertaining areas, multiple bedroom suites, home offices, recreation spaces, guest accommodations, fitness areas, or other custom configurations. A substantial rooftop level creates even more possibilities for outdoor living and entertaining with elevated views across the surrounding landscape. Outside, the oversized grounds offer space rarely associated with lakefront property in this part of New Castle County. The property includes an existing in-ground pool area, extensive yard space, mature landscaping, and direct visual connection to the water, creating the foundation for a private resort-style setting. For an owner-occupant, this is an opportunity to finish a one-of-a-kind custom waterfront estate rather than compromise with someone else's design. For a builder or investor, the property's size and distinctive setting may present an equally compelling opportunity. Subject to applicable zoning, licensing and governmental approvals, buyers may also explore its potential as a luxury short-term rental/Airbnb, executive rental, furnished rental, or high-end long-term rental, where the combination of extraordinary square footage and a lakefront setting could create a uniquely differentiated offering. Located in Bear, DE, yet offering a setting that feels completely removed from the typical suburban home, 1 Lake Drive is not simply another renovation project—it is a chance to complete a landmark property. Bring your architect, builder and imagination and transform this unfinished canvas into an exceptional Delaware lakefront residence, luxury retreat, or investment property. Property is being offered in its current unfinished condition. Buyer is responsible for verifying square footage, construction status, permits, zoning, short-term/long-term rental eligibility and all intended uses.

Property Details

Property Type : Residential

Price : $786,687

AD Id : 91213323

MLS Id : DENC2111164

Beds : 4

Lot Size : 0.62 Acre

Living Area Size : 12,000

Tax Amount : 792.00

Year Built : 1979

County : NEW CASTLE

Subdivision: Rivers End

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Bedroom Information

Total beds: 4

Bathroom Information

Total Baths: 3 Full Baths: 3
Heating & Cooling

Heating: None Cooling: None Water front: 1

Building Information

Year Built: 1979 Building Area Total: 24000 Construction Materials: Other Frontage Length: 100 Pool Features: Private Private Pool: Yes Water front Features: Lake

Lot Information

Lot Size Acres: 0.62 Lot Size Source: Assessor Lot Size Square Feet: 27007 Lot Description: Waterfront

Property Information

Subdivision: RIVERS END Source Property Type: Residential Postal Code Plus 4: 1061 Property SubType: Single Family Residence Levels: Three Or More Property Age: 47

Listing Price Information

Listing Price: $786687

Tax Information

Parcel Number: 10-028.30-263 Tax Lot: 263 Tax Year: 2025 Annual Tax: $792

Parking Information

Driveway

Homeowners Association Information
Association Amenities: Boat Slip

Location Information

Direction: From DE-7 S, turn right onto Rivers End Drive. Turn right onto Providence Drive, then right onto Lake Drive. Property is located at 1 Lake Drive, at the intersection of Lake Drive and Providence Drive. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
810 Athea Way, Bear, DE, 19701	$850,000	4	4	4,900	0.77 Acre
5 Dorsey Lane, Bear, DE, 19701	$329,900	3	1	1,550	0.15 Acre
723 Parkman Drive, Bear, DE, 19701	$850,000	4	4	6,175	0.35 Acre
136 Kingston Drive, Bear, DE, 19701	$379,900	3	1	1,950	0.52 Acre
17 Waterton Drive, Bear, DE, 19701	$929,900	5	5	6,515	0.54 Acre
6 Winchester Ct, Bear, DE, 19701	$599,900	4	3	2,350	0.78 Acre
4 Wellspring Drive, Bear, DE, 19701	$569,900	4	3	2,350	0.18 Acre
30 Lochview Drive, Bear, DE, 19701	$469,900	4	3	2,075	0.18 Acre
6 Ashen Sky Court, Bear, DE, 19701	$389,900	3	3	1,650	0.19 Acre
1443 Olmsted Drive, Bear, DE, 19701	$749,000	4	3	3,200	0.37 Acre

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