About This Home
This 5-bedroom, 3-bathroom single family at 287 BAY Avenue in Milford, DE is listed for $1,300,000 ($519 per sqft). Built in 1959, the home offers 2,503 sqft of living space on a 0.29 acres lot.
Key Features
- Built in 1959
- 0.29 acre lot
- 2 stories
- 5 parking spaces
- Waterfront
Property Details
Amenities
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 ad
vanced 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. --
Monthly Cost Estimate
$6,953/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
287 BAY Avenue
Milford, DE 19963
NONE AVAILABLE
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 5-bedroom, 3-bathroom single family at 287 BAY Avenue is listed at $1,300,000 ($519/sqft). The estimated monthly payment is $6,953 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1959, 0.29 acre lot, 2 stories, 5 parking spaces, Waterfront.
This property is listed by Rosanna Zappulo and can be reached at 3029439551.
