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1 Lake Dr , Bear, DE 19701
$549,000
Est. Payment: $3,002.38/mo
10 Bed
6 Bath
12000 Sqft
0.62 Acres
Status: active | Days on site: 59
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CRWHME1 - 3388534
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House Description

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 framing 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, executive rental, furnished rental, or high-end long-term rental, Disaster Insurance Master Placement, 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, long-term rental eligibility and all intended uses. Property is scheduled for Sheriff Sale December 9th.

Highlights

Listed by Michael Mulski , 3026099888 Crown Homes Real Estate , 3025046147. Bright MLS

Property Type

Residential

Lot/Acreage
0.62

Year Built

1979

County

New Castle

Area

Newark/Glasgow (30905)

Neighborhood

Rivers End

School District

Christina

Listing ID

DENC2111164

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:10
  • ▪ Bathrooms:6
  • ▪ Full Bathrooms:6
Above Ground Sq Ft:12000
Other:
  • ▪ Main Floor Bedrooms:10
Water:Public

Exterior Features

Lot:Boat - Electric Motor Only,Private Access,Not New Construction,Horse Property: No,Waterfront
Zoning:NCPUD
Sewer:Public Sewer
Parking Features:Driveway
Principal Interest
$3,002
Taxes
$66

Home Price

$549,000

Loan Details

30 yrs
7.271%

Down Payment

20%
$109,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,002.38

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,002.38 $66.00 $0.00 $3,068.38
Yearly $36,028.52 $792.00 $0.00 $36,820.52
Total $1,080,855.58 $23,760.00 $0.00 $1,104,615.58
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Bear, DE).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

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Data last updated: 2026-11-13T17:14:43.000Z

© 2026 Bright MLS