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$275,000 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • 2.88 Acres
  • Updated 1 day ago
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Builders and investors, take notice! Exceptional development opportunity at 35038 Promised Land Lane, Frankford, Delaware. Two parcels available: 533-05.00-12.01 and 533-05.00-12.02, each offering approximately 2.8 acres of prime land in a rapidly growing area just 9 miles from Bethany Beach. Both lots have already passed perc testing and are currently zoned AR-1, approved for one home each, with the potential to pursue rezoning for the opportunity to build two homes per lot. Ideal for builders seeking spec home projects, custom home sites, or investors looking to maximize future development potential. Conveniently located near beaches, shopping, dining, golf, and coastal attractions, this is a rare chance to secure buildable acreage in a highly desirable Sussex County location. Opportunities like this are limited. Bring your vision and capitalize on the growth of coastal Delaware.

Full Property Details for 35038 Promised Land Ln

General

  • Price: $275,000
  • Taxes: $283 (2025)
  • Status: Active
  • Type: Lots/Land
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2105914
  • Updated: 4/25/2026
  • Added to Site: 2 day(s) ago

Location

  • Area: Baltimore Hundred (31001)
  • County: SUSSEX
  • Driving Directions: off of Frankford School Road

School Information

  • School District: Indian River

Utilities

  • Sewer: Septic Permit Issued
  • Water: None

Structural Information

  • Current Bldg. Use: Other

Lot Features

  • Lot Size (Acres): 2.88
  • Lot Size (Sq. Ft.): 125,453
  • Lot Size Source: Assessor
  • Zoning: AR-1

Financial Considerations

  • Price Per Sq. Ft.: $2.19
  • Assessment Year: 2025
  • School Tax: $254
  • County Tax: $28
  • County Tax Freq: Annually
  • Tax Amount: $283
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Keller Williams Realty Wilmington, Kelly Diaz

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Listing agent

— 35038 Promised Land Ln —

  • Kelly Diaz

    Keller Williams Realty Wilmington

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 35038 Promised Land Ln

School District:Indian River School District
NameGradesDistance
Clayton (John M.) Elementary School
252 Clayton Avenue, Frankford, DE 19945
PK-52.2 mi
Selbyville Middle School
80 Bethany Road, Selbyville, DE 19975
6-83.5 mi
Indian River High School, Dagsboro, DE
29772 Armory Road, Dagsboro, DE 19945
8-122.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 35038 Promised Land Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/25/2026
Listed
$275,000
219.77%
MLS
11/04/2015
Sold
$86,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 35038 Promised Land Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,298
-5%
$2,500
—
2023
$1,363
—
$2,500
—
2023
$1,362
2%
$2,500
—
2022
$1,340
5%
$2,500
—
2021
$1,277
609%
$2,500
—
2020
$180
1%
$2,500
-47%
2019
$179
-1%
$4,700
—
2018
$181
79%
$4,700
88%
2017
$101
12%
$2,500
—
2016
$90
-2%
$2,500
—
2015
$92
1%
$2,500
—
2014
$91
-1%
$2,500
—
2013
$92
—
$2,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 35038 Promised Land Ln

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Keller Williams Realty Wilmington, Kelly Diaz

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35038 Promised Land Lane, Frankford, DE 19945 (MLS# DESU2105914) is a Lots/Land property with a lot size of 2.88 acres. 35038 Promised Land Lane is currently listed for $275,000 and was received on April 25, 2026. Want to learn more about 35038 Promised Land Lane? Do you have questions about finding other Lots/Land real estate for sale in Frankford? You can browse all Frankford real estate or contact a Coldwell Banker agent to request more information.

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