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$515,000
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Property Description
Historic Greek Revival Estate in Downtown Milford - A Rare Gem with Endless Possibilities! Perched on a picturesque hill in the heart of downtown Milford, this stunning 1866 Greek Revival-style home is a true testament to history and timeless elegance. Situated on over half an acre, this property offers expansive outdoor space, a detached two-car garage/carriage house, and off-street parking for six or more vehicles-a rare find in the downtown area. The wrought iron fencing, charming brick pathways, and stately steps leading to the home's grand entrance only add to its historic charm. Inside, you'll be greeted by freshly painted interiors, large sunlit windows, and beautiful hardwood flooring, some of which remain original to the home. While preserving its historic integrity, modern updates have been thoughtfully integrated, including a brand-new kitchen with new cabinetry, countertops, and appliances. The kitchen window overlooks the sprawling backyard, offering the perfect view. The home's three spacious stories provide ample living space, including 6 bedrooms and bonus areas that can be adapted to fit your needs. One of the standout features of this property is its flexible live-work potential. With a separate entrance leading to a dedicated office space, this home is ideal for professionals looking to operate a business from the comfort of their residence. Whether you envision a private practice, boutique, studio, or home office, the layout provides the perfect balance between work and home life. Get creative! Additionally, the detached garage/carriage house offers an incredible opportunity to be converted into an accessory dwelling unit, adding potential for rental income or guest accommodations. Steeped in history, this home was once known as the Godwin-Baker Home and was previously owned by Dr. Baker, a beloved local pediatrician. Earlier in its life, the backyard housed a brick bathhouse, adding another layer of rich history to this one-of-a-kind property. Notably, this home is also Listed in the National Register of Historic Places as a contributing structure in the North Milford Historic District Adding to its unique appeal, this home sits right on the Milford Parade Route, making it the perfect spot to enjoy annual parades from the comfort of your own property. You will have a front-row seat to one of Milford's most beloved traditions. The opportunities here are truly endless. Whether you're searching for a charming primary residence, an entrepreneurial home-and-business combo, or considering the potential of a Bed & Breakfast or Airbnb, this property offers the versatility and location to make your vision a reality. The separate entrance provides a convenient way to run a business, while the carriage home conversion could open up additional revenue streams. Located in the vibrant and growing city of Milford, this home is within a short distance of restaurants, boutique shops, theaters, and local events. Take a leisurely stroll along the Mispillion Riverwalk, visit the nearby dog park and pickleball courts, or enjoy riverside dining just moments from your doorstep. Milford's prime location also offers easy access to Delaware Bay beaches in just minutes, while the resort towns of Rehoboth and Lewes are only about 30 minutes away. For those who travel frequently, major cities like Philadelphia, Washington D.C., and Baltimore are all within a few hours' drive. This is more than just a home-it's an opportunity to own a piece of history in one of Delaware's most charming and evolving downtowns. With its unmatched space, character, and business potential, this property is truly one of a kind. Don't let this rare chance slip away-schedule your private showing today! And Check Out the Virtual Tour! Floor Plan also available!
Full Property Details
Full Property Details for 206 N Walnut St
General
- Sold For: $515,000
- Taxes: $2,638 (2024)
- Status: Closed
- Type: Commercial
- Source: BrightMLSPhilly
- MLS ID: DEKT2034838
- Added to Site: 377 day(s) ago
Business
- Business Type: Other
Interior
- Flooring: Hardwood, Tile/Brick
Rooms
Bathrooms
- Restrooms: 4
Parking
- Total Spaces: 7
- Parking Features: Paved Parking, Private, Public
- Parking Type: Driveway, Other
Location
- Area: Milford (30805)
- County: Kent
- Development Name: None Available
- Subdivision: None Available
- Building Name: NONE
- Driving Directions: From Route 1, take the exit for Milford and head west on NE Front Street (Route 14). Follow it into town, then turn left onto N Walnut Street. Drive about 0.3 miles, and 206 N Walnut Street will be on your left.
- Location Details: Downtown
- City Limits: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiator
- Heating Fuel: Oil
- Water Heater: 60+ Gallon Tank
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Aluminum Siding
- Foundation: Block
- Roof: Architectural Shingle, Rubber
- Stories/Levels: 0
- Year Built: 1866
- Year Built Source: Estimated
- Property Condition: Very Good
Unit Information
- # Tenants: Multiple
Lot Features
- Property View: Street
- Lot Size (Acres): 0.54
- Lot Size (Sq. Ft.): 23,592
- Lot Size Source: Estimated
- Fence: Yes
- Zoning: R2
Financial Considerations
- Price Per Sq. Ft.: $115.16
- Assessment Year: 2024
- City/TownTax: $1,414
- City/TownTax Freq: Annually
- County Tax: $1,223
- County Tax Freq: Annually
- Tax w/Assessment: $324,700
- Tax Amount: $2,638
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 4400-000
Listed by Keller Williams Realty, Renee Edge
Sold by Patterson-Schwartz-Rehoboth, Gina Cockerille
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Schools
Schools serving 206 N Walnut St
School District:Milford School District
| Name | Grades | Distance |
|---|---|---|
Banneker (Benjamin) Elementary School 449 North Street, Milford, DE 19963 | 1-5 | 0.3 mi |
Morris (Evelyn I.) Early Childhood 8609 3rd Street, Lincoln, DE 19960 | PK-1 | 3.3 mi |
Milford Central Academy 1021 North Walnut Street, Milford, DE 19963 | 6-8 | 1 mi |
Milford Senior High School 1019 North Walnut Street, Milford, DE 19963 | 8-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 206 N Walnut St
Date
Details
Price
Change
Source
6/25/2025
Sold
$515,000
-1.9%
MLS
4/08/2025
Price Reduced
$525,000
-4.37%
MLS
3/19/2025
Price Reduced
$549,000
-6.15%
MLS
2/08/2025
Listed
$585,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
206 N Walnut Street, Milford, DE 19963 (MLS# DEKT2034838) is a Commercial property that was sold at $515,000 on June 25, 2025. Want to learn more about 206 N Walnut Street? Do you have questions about finding other Commercial real estate for sale in Milford? You can browse all Milford real estate or contact a Coldwell Banker agent to request more information.
