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$750,000

  • For Sale
  • Under Contract
  • Lots/Land
  • 0.23 Acres
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Excellent opportunity in Lewes' latest custom home community known as Olde Town! This community features 85 homesites with no builder tie-in, all situated within one mile of Lewes Beach, Cape Henlopen State Park, and all the downtown restaurants and shopping attractions. 114 Paddock Way (Lot 40) is located adjacent to community open space and buffer adjacent to Showfield, and only a short walk to the community pool and pool house. The additional amenities include sidewalks, walking trails, and direct access to the 16-mile Junction & Breakwater Trail that spans from Lewes to Rehoboth Beach. Olde Town is sold out and this is a resale opportunity.

Full Property Details for 114 Paddock Way #LOT 40

General

  • Price: $750,000
  • HOA FEE: $250/month
  • HOA FEE FREQ.: Annually
  • Taxes: $775 (2024)
  • Status: Under Contract
  • Type: Lots/Land
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2083700
  • Updated: 12/17/2025
  • Added to Site: 310 day(s) ago

Additional Information

  • Shared Amenities: Bike Trail, Common Grounds, Jog/Walk Path, Pool - Outdoor

Location

  • Area: Lewes Rehoboth Hundred (31009)
  • County: SUSSEX
  • Subdivision: OLDE TOWN
  • Driving Directions: Kings Highway East, to Carl Freeman Highway. Right on Monroe Avenue to Paddock Way
  • City Limits: Yes

School Information

  • School District: Cape Henlopen

Community

  • Association: Yes
  • Assoc. Name: SEASCAPE PROPERTY MANAGEMENT
  • Assoc. Fees Include: Common Area Maintenance, Management, Pool(s), Snow Removal

Utilities

  • Sewer: Public Hook/Up Avail
  • Water: Public Hook-up Available
  • Utility Description: Electric Available, Natural Gas Available, Sewer Available, Water Available

Structural Information

  • Current Bldg. Use: Residential

Lot Features

  • Lot Size (Acres): 0.23
  • Lot Size (Sq. Ft.): 10,125
  • Lot Size Source: Estimated
  • Lot Dimensions: 75 x 135.00
  • Frontage Feet: 75
  • Zoning: AR-1
  • Lot Description: Adjoins - Open Space

Financial Considerations

  • Price Per Sq. Ft.: $74.07
  • Association Fee: $3,000
  • Assoc Fee Freq.: Annually
  • Other Fee: $2,600
  • Other Fee Freq.: One Time
  • Assessment Year: 2024
  • School Tax: $336
  • City/TownTax: $409
  • City/TownTax Freq: Annually
  • County Tax: $30
  • County Tax Freq: Annually
  • Tax Amount: $775
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 40

Listed by Jack Lingo - Rehoboth, SHAUN TULL and Jack Lingo - Rehoboth, AMANDA RYAN

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Listing agents

— 114 Paddock Way #LOT 40 —

  • SHAUN TULL

    Jack Lingo - Rehoboth

  • AMANDA RYAN

    Jack Lingo - Rehoboth

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

Price & Sales History for 114 Paddock Way #LOT 40 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/18/2025
Listed
$750,000
56.28%
MLS
3/26/2024
Sold
$479,900
—
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 114 Paddock Way #LOT 40

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,029
179%
$89,850
—
2023
$369
—
$89,850
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Jack Lingo - Rehoboth, SHAUN TULL and Jack Lingo - Rehoboth, AMANDA RYAN

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114 Paddock Way #LOT 40, Lewes, DE 19958 (MLS# DESU2083700) is a Lots/Land property with a lot size of 0.23 acres. 114 Paddock Way #LOT 40 is currently listed for $750,000 and was received on April 18, 2025. Want to learn more about 114 Paddock Way #LOT 40? Do you have questions about finding other Lots/Land real estate for sale in Lewes? You can browse all Lewes real estate or contact a Coldwell Banker agent to request more information.

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