Milton Delaware Real Estate; Hot Investment Opportunity near Rehoboth Beach and Delaware Beach Areas

Note: The descriptions of the properties below are taken from the Sussex County MLS and written by the listing agent. These are all the properties currently on the market according to our MLS research. You may use our MLS link on our home page to check for any updates or email us. Let us know if you would like to become a new MILTONAIRE.

Yes, Milton is a beautiful and wonderful area. I love it! There are thousands of acres of farms, woods, forests and wooded lands in the miles surrounding Milton.

Although prices here are rising at one of the highest annual appreciation percentage rates in America (20%-30% per annum over the last several years) – the prices are still very reasonable compared to other areas!

Because of substantial improvements in the towns infrastructure the residential improvements in and around Milton are expected to increase in every way over the next couple of decades at least.

Milton is increasingly attractive to people who have waited too long to budget purchases in areas closer to the beach. Milton also appeals to those who are interested in the wonderfully improving culture, historical restorations and the ever increasing quality of life there.

The main things holding prices down in Milton - in the past - have now been removed;

I expect to see the population of Milton double about every 4 to 6 years over the next couple of decades – based on known and expected residential communities connected to and surrounding the town.

Why Delaware; Delaware is most often depicted by dozens of financial media as the best place by far for the Baby Boomers to retire to, and become self-employed in some fashion. Our quality of life is tops. Our taxation situations are excellent and for retirees are cited as the best in the nation. Delaware is of course the best place to incorporate and as nearly all of the retiring Boomers plan self-employment of some sort, most of them are planning to incorporate in Delaware for their entrepreneurial expansions. They like the added benefits and advantages that living in Delaware as well as incorporating here gives them. Delaware is within a five hour drive of 60% of America’s population according to the media reports… I have not measured such but there is no doubt that we draw from a very large population from what we see in our buyers over the last several years. The internet allows most people to live anywhere they want as a consultant and many Boomers retire and become consultants doing the same work with the same people.

Why Delaware Again: No sales tax, exceptionally low property taxes, very attractive local, county, state, personal and corporate taxation. FULL Delaware taxation data from our web site.

The most wanted area to purchase in Delaware is Rehoboth Beach and values in Sussex County Map are mostly determined by distance to the beach. Milton has been an artificially inexpensive area, compared to its distance to the beach, because of the Cannery and dozens of related situations, all negative impacts on property values. That has changed and Milton will not only catch up, but with no cannery now, the farms have no value as farms, only for development.

There was also a huge grain mill in town, it is gone now, sold for salvage, and the land is being developed. This also impacts farm value, bringing the value of a farm, for farming, down to the bottom. There is no economic reason, at all, to continue farming in the Milton area.

Thousands and thousands of acres of this Milton area farm land, along with any wooded acreage that may be part of the same ownership is being sold, has been sold or will be sold. Residential developers from hundreds of miles around are and have been flocking to the Milton area and trying to buy land from the farmers.

Overview; 5 years ago, there was no one that wanted to develop residential communities around Milton. Now it is the hottest area for hundreds of miles around for large developers seeking to purchase land.

Current land values within 5 miles of Milton for a hundred acre site would be $30,000 to $150,000 per acre depending on numerous factors such as road frontage, soil type, road accessibility, age of trees, proximity to creeks, ponds, lakes, etc. and dozens of other factors appropriate to development. These prices are in fact far below what developers are accustomed to paying. Also, the demand is screaming upward as more and more Baby Boomers start acting upon what financial and personal advice they’ve been reading about for many years. The best financial advice, and they have been reading it, is: move to Delaware, near the beach and work for yourself!

To find farm land or a home in Milton, even a lot... The best I can tell you is that you keep an eye on our web site… daily.

When you are ready, and perhaps that is now, meet with us over coffee and discuss your priorities. At that point, our first actual meeting, you should sign a Buyer’s Agent agreement with us so that we are representing YOU. Read about that from our web site here; Buyer's Agent, Seller's Agent & Dual Agent.

Learn as much as you can about our area. Use our web site for this, there are hundreds of pages of good information on our site and much of it is not available anywhere else. If you are reading this and you are a seller with a property to sell in the Milton area; we are the best people to help you as most real buyers use the Internet to find property now.

If you intend to move here but are not familiar with the area you may feel unsure of purchasing and want to wait. This will cost you money as values go up, but there is an alternative. Perhaps take a year round rental in a condo near here so that you can visit frequently, come weekends, have a place to stay when we find a property for you, and while you fix it up, and before you buy, you can really learn the area.

Read our two discussion boards and ask questions where some of us locals will answer your questions if you wish. Many have already been answered. www.DelawareBeachBoard.com and our older but very informative board Our older board.

Line up your finances if you have not done so already. Be ready, so that IF a property comes on the market you can act quickly and intelligently to purchase. Usually that means being able to act within a day or so to come see the property, write a contract for full price, have no financing contingencies, and be able to settle in 45 days or less. Otherwise, IF something of 100 acre size does come on the market, one of the developers will do the preceding instead of you.

Realtors see few listings of acreage. We, Kate and I, and a couple of other agents, occasionally have acreage for sale. In my case it is because I have specialized in acreage here for 35 years and we were farmers here before that. www.RuralRehoboth.com and www.TheRuralSpecialist.com and www.JodyHudson.com are three other web sites, in addition to our primary site www.Kate-Jody.com where people who have land and don’t live here, find a Realtor who understands land to help them… that is us.

There are dozens of developers trying to buy here; from Virginia, Pennsylvania, Maryland, D.C. of course, New York, and even Ohio, Washington State, Texas, California, and any other areas where raw land prices have far exceeded ours and difficulty of development is even more difficult than here. These folks sometimes have staff that write, call, fax, visit and follow up – sometimes for years – as they seek to purchase land from farmers and land owners. This has been going on for the last several years. That is why often Realtors do not get involved with acreage sales. The exception is where the land owner wants someone they know, or trust, or feel the realtor is knowledgeable, and then the Realtor will get the acreage listing… or it may be a family member of the land owner who is a Realtor.

There are no farmers I've heard of in the last 40 years, who want to sell land for old prices. Every single farmer knows more about land values than ALL the Realtors put together… or so it seems. They make certain they do. They only get to sell once!

The real scene is that most farmers will sell, or plan to sell, for far more than their land is worth… no deals here. They know they only get one chance. They know someone who has sold a farm and then seen the value double and triple in a matter of a few years afterward - they don't want to do that. Often farms will sit on the market for a long time if they are overpriced, a developer will buy the property at the high price and set up a very long settlement date so that the property appreciates up to the price they paid, or more.

We do have a very vibrant market that has been growing at one of the fastest paces in the nation over the last 40 years, and will continue to do so for decades. There is no doubt about it.

The bargain property, is the property that a person buys NOW compared to what it will cost next month, next year or in a few more years. There are no smart developers who are trying to down-negotiate farmers or offer prices less than asked. They know if they do that, that another smarter one will buy the land instead.

We see people all the time that have watched prices for decades and didn't buy because they were waiting for a deal. Just think how happy they would have been now, even if... they had paid more than full price for anything over the years.

In about 1962 a very knowledgeable businessman in Rehoboth, who owned the newsstand and read all the financial magazines, told me that the lots in Rehoboth had been going up too far and too fast.

The lots, 50 feet by 100 feet were almost too small to build a house on. He told me they would NEVER be worth as much as they were charging and never be worth that much in my entire lifetime or that of my children or my grandchildren. Those lots were $50 each as I recall, at that time.

These little, almost useless lots were sandy, couldn't build a basement, bad mosquitoes, wouldn't even grow a garden, no trees, etc. Those few people who bought the lots often bought two or three so they would have enough to build on and have a driveway and a garage. There are not many groups of several lots still in existence.

I have heard this same whine from locals, over the years... the price is too high it can't last, the prices will fall. This whine is constant and has been. It comes from smart business people, local teachers, bankers included and from visitors all my life here.

I heard it when the lots went to rapidly from $50 to $500 just a very few years later. In 1972, when I started in the real estate business, those lots were up to $30,000, $40,000 and some people were "dreaming" and asking $50,000 and "every one knew" they could never go higher, ever.

We sold one in about 1975 for $75,000 approximately, very close to Jack Lingo real estate office, it was a little larger than 50' x 100'. Even the famous real estate investors, the Lingos, smart as they are, could not believe that prices had gotten that ridiculously high - everyone knew they could go no higher.

We had numerous offers on that property for less than $75,000 and other Realtors told us the land would NEVER be worth that much and we should take the offers. We didn't.

Those little 50 foot by 100 foot lots are now a million dollars at least, and "everyone knows" they can go no higher and there are people trying to get a DEAL by offering less than the full asking price.

I met briefly with a guy last weekend who has been making offers on lots for 30 years and more and never bought one because he won't pay full price. The lots he refused to pay full price for 30 years ago, for $35,000 or $50,000 are now over $1,000,000 and he is still waiting for a deal... that is why the meeting was brief... He "could have bought that lot and one like it for $30,000." He didn't. He didn't buy the one for a million last weekend either... it just wasn't worth that much. He's still waiting for the prices to go down, as he has been for over 30 years.

Here is a little general information about the town of Milton, Delaware - the town where I went to first grade:

Milton is a little town of about 1,900 in the town proper and another 2,000 or so in it's rural addresses. Milton is in Sussex County, like all the rest of the properties we specialize in. It is located on on the Eastern Shore of the Delmarva Peninsula , and is about 12 miles to the Atlantic Ocean and about the same to the Delaware Bay.

Lewes, Milton, Rehoboth, Dewey, Broadkill Beach are the early settlement towns in eastern Delaware and you still find many of the founding families living here. Because Milton is at the headwaters of the Broadkill River, or in olde spellings Broadkiln River, there is an active canoeing, kayaking and boating society in the little village. Rehoboth Beach, Broadkill Beach, Lewes Beach and Dewey Beach are just minutes away by car or a bit longer by boat. The rustic, elegant, still waters of the Broadkill River can be your start of days on a wandering, meandering, natural Canoe Trail, that can lead you into the primordial Prime Hook National Wildlife Refuge! Pack a few meals and plenty of bottled water and take a lot of memory for your digital camera! Seldom will you see the natural richness and never spoiled reaches of what you can see when you disembark from the headwaters of the Broadkill to paddle the sleek waters past deer, otter, turtles, fox, dove and hundreds of other forms of natural wildlife both flora and fauna.

Milton History: Milton, was first "officially" settled in 1672 by English Colonists. However, and quite unofficially, Missionaries were here at least two hundred years before that; having fled the deadly European, official religions, of various Crowns! The town was known by various names and sometimes none, until 1807, when it was named (according to currently accepted lore) for the English poet, John Milton.

Milton, in the 1800s was a shipbuilding, deep water, inland port, and ship yard. Milton's shipbuilding heritage remains very important to the town, which is home to some of the finest Victorian and Colonial architecture in Delaware. Many of the homes have been restored, particularly those on Union and Federal streets.

Milton has 198 structures on the Federal Register Historic District and its history is preserved in the Lydia B. Cannon Museum, the Governor James Carey home, the Chestnut Street Cemetery, and the Governor David Hazzard Mansion. Milton was home to five past Governors, four of Delaware and one of Wyoming.

Today, Milton serves local residents and summer tourists in the Milton, Broadkill Beach and Primehook Beach areas with family operated businesses and new office and shopping complexes.

Milton boasts numerous community organizations, a civic center, a memorial park, a volunteer fire department, a public library, several historical societies of various focus and more than a half-dozen major annual events, and churches.

Local canoeing and kayaking for Miltonians or as I call us; Miltonairs, is on the Broadkill River, Wagamon's Pond, Diamond Pond and Lavinia Pond. Public boat docks and fishing piers are also available.

Milton and Lewes were linked by shipping; ships were built in Milton and provisioned and manned in Lewes. Check the Lewes Historic Society

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SOLD 312 Chestnut Street 3BD 2BA $259,000
Victorian Home In Milton With A Fenced Yard Just Waiting To Have Your Charm Added. Enjoy Quiet In Town Walks. Close To Eateries, Shops & Fishing. One Year Home Warranty Included. Owners Have Delaware Real Estate License. Re/Max Coast and Country. Use Kate and Jody on this property as your Buyers Agent

Wow- Price Reduced $20,000 From Original Price And $3,500 In Settlement Help. Easy To Show. Great Shape- Cape Cod On Beautiful Street In Milton. Good Price, Must See This Home!. Century 21Mann and Sons. Please Use Kate and Jody on this property as your Buyers Agent

Very Motivated Sellers! A Must-See Beautiful Victorian-Style Home In Downtown Historic Milton By Local Builder. All The Amenities Of A New Stickbuilt Home Without The Worries Of Upkeep Of An Older Home. Abundant Storage, Large Fenced Yard. Stroll The Downtown Shops. No H.0.A. Fees. Re/Max Realty Group. Please Use Kate and Jody on this property as your Buyers Agent

Don't Miss This Unique Opportunity To Own A Piece Of History. Early 19th Century Home Is Truly An Architectural Gem. Situated On A Beautifully Landscaped Oversized Lot In Milton's Historic District. Features 3 Bdrms, 2 Baths, Formal Dn Rm, 2 F/P, Parlor, 3 Season Rm, Oversized 2 Car Garage & More! Re/Max Coast&Country Use Kate and Jody on this property as your Buyers Agent

SOLD 304 Mill Street 3BD 2BA $325,000 Walking Convenience To Galleries, Coffee Shop, Restaurants, Library & Parks From This Old Town Location. Get On Board With The Emergence Of Milton As A Riverfront, Change Of Pace Destination For The Young And The Young At Heart. Everyone Loves A Great Buy. Coldwell banker. Use Kate and Jody on this property as your Buyers Agent
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OFF MARKET 420 Chestnut Street 3BD 2BA $235,000 Act Fast-Priced To Sell! Attention Investors! Property Being Sold In "As-Is" Condition. Re/Max Coast and Country. Use Kate and Jody on this property as your Buyers Agent
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Sold 208 Chestnut Street 5BD 2BA $490,000 This Is A Must See!! Immaculate Restored Home...Features A Separate Studio/Office/Workshop With Beautiful Architectural Details...Upgraded Hvac And Mechanical Systems. Long and Foster. Use Kate and Jody on this property as your Buyers Agent
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Sold $250,000 209 Union Street 3BD 1BA $265,000 Nice House In The Heart Of Downtown Historic Milton. Great Price For A Great Location. "Town Center" Designation Allows Residential On Second Floor And Commercial On First Floor. Re/Max Realty Group. Use Kate and Jody on this property as your Buyers Agent

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Sold $219,000 416 Conwell Street 4BD 1BA $245,000

Wonderful Home On Large 100 X 100 Corner Lot In Downtown Milton! Beautiful Hardwood Floors In Living Room & Bedrooms. Tile In Kitchen & Bathroom. Large Room Upstairs Can Be Used As 4th Bedroom Or Another Family Room. Full Basement With New French Drain & Sump Pump In 2006 - Warranty Transfers! Ocean Atlantic. Use Kate and Jody on this property as your Buyers Agent

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SOLD 112 Tillney St. 4BD, 2.5BA $299,000 mls # 516890 Fantastically Built 4 Br Home With 1st Floor Master Suite. Large, Spacious 2nd Floor Guest Rooms. Elegant Hardwood Floors In Living Room, Dining Room & Kitchen. T W O Dishwashers Will Make Entertaining A Delight! Granite Countertops. Sunning Deck Accessible From 2 Br's With Screen Porch Below. Listed by ReMax Realty Rehoboth:
Use Kate and Jody on this property as your Buyers Agent

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Off The Market 412 Pine Street 3BD 2BA $249,900 Immaculate 3 Bedroom 1 Bath Home 20 Minutes From Rehoboth. Great Weekend Getaway! 20 X 13 Concrete Covered Patio, Landscaped, Stone Driveway. 3rd Bedroom Could Be Formal Dining Room. Owner Has Delaware Real Estate License. Marvel Agency. Use Kate and Jody on this property as your Buyers Agent

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Off The Market 412 Pine Street 3BD 1BA $249,900

Immaculate 3 Bedroom 1 Bath Home 20 Minutes From Rehoboth. Great Weekend Getaway! 20 X 13 Concrete Covered Patio, Landscaped, Stone Driveway. 3rd Bedroom Could Be Formal Dining Room. Owner Has Delaware Real Estate License. Marvel Agency. Use Kate and Jody on this property as your Buyers Agent

Withdrawn from the Market 308 Chestnut St. 5BD 3BA $539,900 Beautifully Restored Victorian Located In The Heart Of Historic Milton. Licensed Bed And Breakfast, Property Has Two Fully Equipped Apartments W/Separate Entrances And A Total Of 5 Brs & 3 Bas. Great Income Potential! Beautifully Landscaped Fenced-In Back Yard. Only Minutes To The Delaware Beaches Long and Foster Use Kate and Jody on this property as your Buyers Agent

SOLD 106 Lavinia St. 3BD 1.5BA $199,000 Enjoy The Charm Of This 1918 Colonial Home In The Historic Town Of Milton, One Block From Wagamons Pond. Stroll To The Park, Library & Kings Ice Cream In Minutes. Heating System Is Forced Air Oil Heat. Re/Max Use Kate and Jody on this property as your Buyers Agent

OFF Market 316 Front Street 2BD 1BA $165,000 Property Being Sold In "As Is" Condition. 2 Gas Space Heaters. House Is Rented Month To Month. Excluded: Refrigerator & Shed. Re/Max Use Kate and Jody on this property as your Buyers Agent

UNDER CONTRACT 421 Federal Street 2BD 1.5 BA $365,000 Beautiful Restoration With Wooded Lap Siding On House, New Carriage House W/Hardy Plank, Trunk Room. Bausch Instant Hot Water Heater. Must See To Appreciate. Excluded: Master Bedroom Drapes. Excluded: Washer & Dryer Unless Full Price Offer. To Be Sold In " As Is" Condition Re/Max Coast and Country Use Kate and Jody on this property as your Buyers Agent

WITHDRAWN FROM MARKET 307 Atlantic Avenue 4BD 1BA $289,900 Adorable Vintage Brick Cape On A Corner Lot With 2 Bedrooms Up And 2 Down. Hardwood Floors, Original Trim And Hardware, Walk In Storage Room On 2nd Floor, Brick Fireplace In Living Room, Formal Dining Room, Side Screened In Porch Exit Realty Use Kate and Jody on this property as your Buyers Agent

SOLD 102 Union Street 5BD 1.5BA $695,000 WATERFRONT! 18th Century 5 Bedroom Victorian Located In Historic Milton Delaware, Directly On The Broadkill River. This Is A Fabulous One Of A Kind Home With An Attached Antique/Christmas Shop. Property Is Zoned Commercial Exit Realty.

UNDER CONTRACT 517 Chestnut Street 4BD 3BA $399,000 Circa 1850'S Victorian. Beautifully Renovated In 2004 W Plans By Zando Designs, New Foundation Hvac, Plumbing, Electric, Interior & Exterior & All New Quality Appliances. Master Suites On 1st & 2nd Floors, Custom Cabinets In Kitchen, Anderson Windows & Much More. Re/Max Realty.
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SOLD 115 Walnut St. 3BD 2BA $294,900 Outstanding Victorian Reproduction Home In Historic Milton! Landscaping Is Great! The Broadkill River Is Only 1 Block Away! Don'T Miss This One! Get In On The Milton Happening. Listing Re/Max mls#516731

SOLD 501 Federal Street 3BD 1.5BA $279,000 Location! Location! Location! Investment Property On Large Corner Lot "In Town" Of Milton. Bordering Historic District! New Windows, Roof, And Heating System In 1990, A/C In '91, New Vinyl Siding And Gutters On House And Garage In '98. Excellent Rental Potential Or Use As Your Primary Residence. Ocean Atlantic Mls#518224

Removed from the market... 312 Walnut Street (no photo available) 3BD 1.5BA $260,925 Rare Find! Commercial Zoned Single Family Home On Corner Lot In Milton Town Limits. To Be Sold Separately If Subdivided Or Together With Adjacent Commercial Warehouse Space (See Mls #518696). Many Possibilities!!! Re/Max mls#518695
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SOLD 320 Union Street 6BD 4BA Reduced to $450,000 The Captain William Russell House Is An Existing B&B With Ample Parking In The Back And An Extra Deep Lot With Plenty Of Room To Add A Pool. Renovated, Incredibly Charming, Spacious And Tranquil, This Property Will Be A Delight To Own As A Business Or A Very Special Private Home. 5*****Listing by Prudential Gallo Lewes.
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SOLD 402 Union 5BD 1 BA $375,000 Reduced in price to $350,000. Amazing Home Of Yesteryear, In Excellent Condition. Lots Of Room To Grow, With 5 Bedrooms And Giant Landscaped Backyard. Two-Car Detached Garage. This Home Is So Special, Our Comments Won't Do It Any Justice - Come See For Yourself. Listed by LESTER REALTY INC.
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EXPIRED 503 Federal 4BD 1BA $485,00 Historic Milton. This Home Offers A Wealth Of Potential With Original Hardwood Floors, New Wiring, Plumbing And Windows On Second Floor. Roughed In 2nd Floor Bath. Listed by PRUDENTIAL GALLO REALTORS.
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SOLD 108 Lake Drive 3BD 1BA $460,000 Direct Pond Front. This 3 Br, 1.5 Ba Home Is Situated On A Large Corner Lot Across From Wagamon's Pond In Milton. Property Incl. 2-35 - 20.07 - 3.00. Plenty Of Room For Expansion, Or Build Your Dream Home On The Best Location In The Town Of Milton! Listed by JACK LINGO REHOBOTH.
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SOLD 413 Hazard Street 2BD 1.5BA $169,900 Being Sold In "As Is" Condition. Perfect Starter Or Retirement Home. Room To Grow. Act Fast It Won'T Last Long! Re/Max Coast and Country. This is the Fixer-Upper, the Carpenter Special, the Handyman Special folks are always asking for in the hot, hot, market of Milton Delaware.

SOLD 407 Union 3BD 1BA $284,900 Wonderful Victorian In Historic Milton. Charm Galore !Entire Dining Room Wall To Display China, Antiques, Or Collections. Wonderful Sunroom/Family Room Overlooking Colorful Back Gardens & Trees. Hardwood Floors Under Carpets. Listed by PRUDENTIAL GALLO REALTORS.

SOLD 411 Federal. 6BD 4BA $549,000 Fully Restored Circa 1886 Historic Victorian Is One Of 198 Structures In The Federal Historic District. It Features 6 Bedrooms And 5 Baths, Fully Remodeled Kitchen, 4 Fireplaces, Very Private Back Yard, In-Ground Pool And A Beautiful Water Garden, A 2400 Sq Foot Carriage House. Listed by Ocean Atlantic.. Use Kate and Jody on this property as your Buyers Agent

Sold 114 Broad Street 4BD 2BA $159,900 Property Is Currently Two Rental Units --A Real Handymans Special. Time For Some "Sweat Equity" Survey On File. Property is uninhabitable as is. Listed by Re/Max Realty Group.

303 Holland 4BD 3BA $220,000
Sold! Home Has Been Completely Updated And Remodeled Except For 1 Bath Which Is Still Being Worked On. Kitchen Has New Appliances. Home Warranty Included. Seller Is Willing To Remove Pool If Purchaser Does Not Want It. Listed by COLDWELL BANKER RRR - LEWES Use Kate and Jody on this property as your Buyers Agent

Off the Market 713 Chestnut Street 2BD 2BA $234,900 Great Starter Home Or Get-Away In Historic Milton. Listed by Re/Max Realty Lewes. Use Kate and Jody on this property as your Buyers Agent