- 10
- beds
- 6
- baths
- 12,000
- sqft
- 1979
- year built
- Status:
- ACTIVE-BRIGHT
- MLS #:
- DENC2111164
- Neighborhood:
- RIVERS END
- County:
- New Castle
- Listed By:
- Michael Mulski - Crown Homes Real Estate
- Agent Phone:
- (302) 609-9888
- Agent Email:
- mike@302homes.net
Sponsoring Broker: Jennifer Staats, ez Home Search, Inc.
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
- Residential
- Single Family Residence
- Built in 1979
- 0.62 Acre Lot
- Waterfront
- 63 days on Market
-
- Bedrooms
- 10
-
- Bathrooms
- 6
-
- Year Built
- 1979
-
- Architectural Style
- Other
-
- Construction Materials
- Other
-
- Foundation
- Other
-
- Parking Features
- Driveway
-
- Living Area
- 12000.0
-
- Pool Features
- Private
-
- Cooling
- None
-
- Heating
- None
-
- Acres
- 0.62
-
- Lot Features
- Waterfront
-
- Water Front Features
- Lake
-
- Water Front
- Yes
-
- Water
- Public
-
- Area
- Newark/Glasgow (30905)
-
- County
- New Castle
-
- City
- Bear
-
- Neighborhood
- RIVERS END
-
- Zip Code
- 19701
-
Ask a Question
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Estimated Value
$776,199
$683,055 - $869,342
Source: Constellation Data Labs
Price History
| 09/12/2026 | Listed | $549,000 |
| Source: Bright #DENC2111164 | ||
| 03/22/2022 | Sold | $675,576 |
| Source: Bright #DENC2010786 | ||
| 02/21/2022 | Listed | $699,000 |
| Source: Bright #DENC2010786 | ||
| 11/27/2021 | Off Market | — |
| Source: Bright #DENC2010786 | ||
Source: MLS Data
Deed History
| 03/23/2022 | Special Warranty Deed | $0 |
| 09/12/2018 | Intrafamily Transfer - Transaction is between related parties for any reason & no consideration. | $0 |
| 08/31/2011 | Intrafamily Transfer - Transaction is between related parties for any reason & no consideration. | $0 |
Source: Public records via Constellation Data Labs
Mortgage History
| 03/23/2022 | Conventional | $641,797 |
| 08/31/2011 | Reverse Mortgage / HECM | $597,000 |
| 07/28/2006 | Unknown | $250,000 |
Source: Public records via Constellation Data Labs
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Frequently Asked Questions
How do I schedule a tour of 1 Lake Dr?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1 Lake Dr.
They know residentials in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 1 Lake Dr?
Click Ask a Question to talk with our team. You already know it is a 10 bed, 6 bath, listed for $549,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Bear, and can even get you in to see the property quickly.
How do I get a virtual tour of 1 Lake Dr?
Yes! A virtual tour is available for 1 Lake Dr. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.
How much is the monthly mortgage payment for 1 Lake Dr?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1 Lake Dr at around $3,190. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 1 Lake Dr?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in New Castle County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 1 Lake Dr?
In most cases, yes. Whether 1 Lake Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Bear's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 1 Lake Dr?
We can handle that for you. Our preferred local agent specializes in residentials in Bear and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $549,000 with 12,000 sqft of space—that comes out to approximately $46 per square foot.
How long has this property been on the market?
1 Lake Dr was listed on September 12, 2026, which means it's been on the market for 63 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1979, making it approximately 47 years old.
What is the lot size of this property?
1 Lake Dr sits on a 0.62-acre lot, which is 27,007 square feet.
What are the property taxes for 1 Lake Dr?
The most recent public record shows annual property taxes for 1 Lake Dr were approximately $792. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 1 Lake Dr still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Bright. All rights reserved.
Last Updated: November 14, 2026 at 07:36PM | Source: Bright | MLS#: DENC2111164
