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$285,000 Just Listed
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Property Description
Opportunity awaits in Slaughter Beach! Located just steps from the beach in a quiet coastal community, this property offers the potential to create a weekend getaway, fishing retreat, or coastal investment property. The home needs renovation, making it an opportunity for a buyer ready to roll up their sleeves and bring their vision to life. A wraparound porch extending along two sides of the home offers space to relax and enjoy the coastal setting. Imagine the possibilities for creating your own beach retreat in this peaceful seaside community. The neighboring property at 386 Bay Avenue is also being offered for sale by the same seller, creating an additional opportunity for buyers interested in acquiring both properties. This property is being sold as-is and requires renovation. The existing septic system is nonfunctional. Content is reliable but not guaranteed and should be independently verified (e.g., square footage may not be exact; visuals may be modified; school boundaries should be confirmed by school/district)
Full Property Details
Full Property Details for 388 Bay Ave
General
- Price: $285,000
- Taxes: $1,363 (2026)
- Status: Active
- Type: Single Family
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2122320
- Updated: 10/16/2026
- Added to Site: 6 day(s) ago
Interior
- Interior Features: Combination Kitchen/Dining
- Appliances: Oven - Single
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 2
- Bedrooms Upper: 2
Additional Information
- Shared Amenities: None
Exterior
- Exterior Features: Outbuilding(s)
- Porch/Patio/Deck: Enclosed, Porch(es)
Parking
- Parking Type: Off Street, Other
Location
- Area: Cedar Creek Hundred (31004)
- County: SUSSEX
- Subdivision: SLAUGHTER BEACH
- Driving Directions: From DE Route 1, take Route 36 East toward Slaughter Beach. Continue onto Slaughter Beach Road (Route 224), then turn left onto Bay Avenue. Home is on the left.
- Direction Faces: East
- Location Details: Bayblock
School Information
- School District: Milford
- Elementary School: Mispillion
- Middle School: Milford Central Academy
- High School: Milford
Community
- Assoc. Fees Include: None
- Pets Allowed: Yes
- Pets: No Pet Restrictions
Heating & Cooling
- Cooling Type: Window Unit(s), Whole House Fan
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Gravity Sept Fld
- Water: Public
- Utility Description: Electric Available, Water Available
Structural Information
- Architectural Style: Other
- Structure Type: Detached
- Construction: Vinyl Siding
- Foundation: Pillar/Post/Pier, Block
- Roof: Metal
- Walls/Ceilings: Dry Wall, Paneled Walls
- Windows: Replacement, Wood Frame
- Doors: Sliding Glass
- Stories Description: Main, Upper 1
- Square Feet: 416
- Sq. Ft. Source: Assessor
- Living Area: 416 Sq. Ft.
- Finished Above Grnd: 416 Sq. Ft.
- Year Built: 1954
- Year Built Source: Assessor
Additional Structures
- Other Structures: Shed
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405
- Lot Size Source: Assessor
- Zoning: TN
Water Features
- Water Front Type: Ocean
- Water Front Name: Slaughter Beach
Financial Considerations
- Price Per Sq. Ft.: $685.1
- Assessment Year: 2026
- School Tax: $1,267
- City/TownTax Freq: Annually
- County Tax: $95
- County Tax Freq: Annually
- Tax w/Assessment: $445,500
- Tax Amount: $1,363
- Tax Year: 2026
- Tax Total Finished Sq. Ft.: 416
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: Furniture conveys
Listed by Foraker Realty Co., Nathan Ray Hyman
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Schools
Schools serving 388 Bay Ave
School District:Milford School District
| Name | Grades | Distance |
|---|---|---|
Ross (Lulu M.) Elementary School 310 Lovers Lane, Milford, DE 19963 | 2-5 | 6 mi |
Morris (Evelyn I.) Early Childhood 8609 3rd Street, Lincoln, DE 19960 | PK-1 | 6.8 mi |
Milford Central Academy 1021 North Walnut Street, Milford, DE 19963 | 6-8 | 6.6 mi |
Milford Senior High School 1019 North Walnut Street, Milford, DE 19963 | 8-12 | 6.5 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 388 Bay Ave
Date
Details
Price
Change
Source
10/16/2026
Listed
$285,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 388 Bay Ave
Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,363
—
$6,900
—
2025
$1,366
269%
$6,900
—
2023
$370
-4%
$6,900
—
2023
$384
2%
$6,900
—
2022
$378
-1%
$6,900
—
2021
$382
—
$6,900
—
2020
$383
-1%
$6,900
—
2019
$386
-1%
$6,900
—
2018
$388
-1%
$6,900
—
2017
$393
-8%
$6,900
—
2016
$426
42%
$6,900
—
2015
$300
3%
$6,900
—
2014
$290
-2%
$6,900
—
2013
$296
—
$6,900
—
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
Estimate the Cost for 388 Bay Ave
388 Bay Avenue, Milford, DE 19963 (MLS# DESU2122320) is a Single Family property with 2 bedrooms and 1 full bathroom. 388 Bay Avenue is currently listed for $285,000 and was received on October 16, 2026. Want to learn more about 388 Bay Avenue? Do you have questions about finding other Single Family real estate for sale in Milford? You can browse all Milford real estate or contact a Coldwell Banker agent to request more information.

