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$599,900
Property Description
Nestled in the serene enclave of Chestnut Knoll Acres, this exquisite, raised ranch home offers a harmonious blend of luxury and comfort. With a major renovation done recently that included a brand-new roof (with transferable warranty) and two new walk-in showers, and new flooring in the basement. The interior boasts three spacious bedrooms and three and a half elegantly appointed bathrooms, featuring a traditional floor plan that seamlessly connects the living, dining, and kitchen areas. The heart of the home is the gourmet kitchen, equipped with stainless steel appliances, including a built-in range and ENERGY STAR dishwasher, complemented by a butler's pantry and breakfast area. The inviting living spaces are adorned with hardwood and tile flooring. The basement is a large draw, as you start walking down the steps and you instantly feel more relaxed turn the corner to see the newly covered pool table and the large bar area and 3 televisions waiting for your enjoyment. The white leather furniture looks so inviting for entertaining or just enjoying the night with family. There is even a 2nd kitchen in the basement to provide perfect settings for entertaining. Step outside to discover a beautifully landscaped lot of 0.64 acres, backing to tranquil trees, offering privacy and a peaceful retreat. There is even a deck with a covered bar area and a cover area with a hot tub ideal for relaxation. Additional structures, including a detached garage and a versatile office/studio, enhance the property's functionality. With ample parking options, including a four-car attached garage with a car lift that will remain and a paved concrete driveway, that leads back to the pole barn that is ready for up to a 45 foot camper, with a 50 volt connection and water.. This home is not just a residence; it's a lifestyle, inviting you to experience the perfect blend of luxury, comfort, and great for entertaining. Embrace the exclusive lifestyle that awaits you in this remarkable property.
Full Property Details
Full Property Details for 503 Lakewood Dr
General
- Price: $599,900
- Taxes: $1,567 (2026)
- Status: Active
- Type: Single Family
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2121214
- Updated: 9/30/2026
- Added to Site: 17 day(s) ago
Interior
- Number of Rooms: 9
- Rooms/Areas: Living Room, Primary Bedroom, Bedroom 2, Kitchen, Game Room, Family Room, Laundry, Bathroom 3
- Interior Features: 2nd Kitchen, Attic, Bar, Breakfast Area, Built-Ins, Butlers Pantry, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Table Space
- Appliances: Built-In Microwave, Built-In Range, Dishwasher, Dryer - Electric, Dryer - Front Loading, ENERGY STAR Clothes Washer, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, Exhaust Fan, Extra Refrigerator/Freezer, Freezer, Icemaker, Microwave, Oven - Self Cleaning, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading
- Furnished: Yes
- Flooring: Carpet, Hardwood, Tile/Brick, Laminated
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
- Main Floor Baths: 3
- Main - Full Baths: 2
- Main - 1/2 Baths: 1
- Lower Floor Baths: 1
- Lower - Full Baths: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main & Up: 3
Additional Information
- Security/Safety: Smoke Detector
- Equipment: Negotiable, See Remarks, Some
Exterior
- Exterior Features: Boat Storage, Exterior Lighting, Flood Lights, Hot Tub, Outbuilding(s), Sidewalks
- Porch/Patio/Deck: Deck(s), Porch(es), Roof
Parking
- Garage: Yes
- Garage Spaces: 8
- Total Spaces: 8
- Parking Features: Concrete Driveway, Lighted Parking, Paved Driveway
- Parking Type: Attached Garage, Detached Garage, Driveway, Off Street
- Garage Description: Additional Storage Area, Covered Parking, Garage - Front Entry, Garage - Rear Entry, Garage Door Opener, Inside Access, Oversized
Location
- Area: Cedar Creek Hundred (31004)
- County: SUSSEX
- Subdivision: CHESTNUT KNOLL ACRES
- Cross Streets: Roosevelt/Heath Row
- Driving Directions: South on Rt 113 to right on Old Shawnee Rd to right on Evergreen to right on Haven Lake Ave to straight onto Lakewood Dr. Home is on the right.
School Information
- School District: Milford
- Middle School: Milford Central Academy
- High School: Milford
Community
- Pets Allowed: Yes
- Pets: Cats OK, Dogs OK
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Oil
- Water Heater: Oil
Utilities
- Sewer: Standard Trench Approved
- Water: Well
- Utility Description: Cable TV, Electric Available, Multiple Phone Lines, Phone Connected, Propane
Structural Information
- Architectural Style: Raised Ranch/Rambler, Ranch/Rambler
- Structure Type: Detached
- Construction: Brick, CPVC/PVC, Metal Siding, Vinyl Siding
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Interior Access, Other, Outside Entrance, Shelving, Space For Rooms, Full, Walkout Stairs, Windows, Fully Finished
- Foundation: Block
- Roof: Architectural Shingle
- Walls/Ceilings: Dry Wall
- Windows: Screens
- Doors: Insulated, Sliding Glass, Storm
- Stories Description: Lower 1, Main
- Square Feet: 3,049
- Sq. Ft. Source: Estimated
- Living Area: 3,049 Sq. Ft.
- Finished Above Grnd: 1,949 Sq. Ft.
- Finished Below Grnd: 1,100 Sq. Ft.
- Basement Finished: 100%
- Year Built: 1963
- Year Built Source: Assessor
- Property Condition: Excellent
Unit Information
Unit 1
- Bathrooms-Lower: 1
Additional Structures
- Other Structures: 2nd Garage, Office/Studio, Pole Barn, Shed Shop, Storage Barn/Shed
Lot Features
- Lot Size (Acres): 0.64
- Lot Size (Sq. Ft.): 27,878
- Lot Size Source: Assessor
- Lot Dimensions: 144.00 x 186.00
- Frontage Feet: 144
- Street/Road Desc.: Paved
- Zoning: MR
- Lot Description: Backs to Trees, Cul-de-sac, Front Yard, Landscaping, Level, No Thru Street, Rear Yard, Road Frontage, SideYard(s)
Green Features
- RFactor - Ceilings: 30
- RFactor - Walls: 19
Financial Considerations
- Price Per Sq. Ft.: $307.8
- Assessment Year: 2026
- School Tax: $1,458
- City/TownTax Freq: Annually
- County Tax: $110
- County Tax Freq: Annually
- Tax w/Assessment: $512,400
- Tax Amount: $1,567
- Tax Year: 2026
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Personal items
- Inclusions: Everything in the basement is included in the sale but were not included in the price.. The sellers will also leave 5 televisions, the car lift in the garage, and alot of items in the pole barn, deck and some items other items in the home.
- Lot Number: 37
Listed by RE/MAX Horizons, MYRA KAY K MITCHELL
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Schools
Schools serving 503 Lakewood Dr
School District:Milford School District
| Name | Grades | Distance |
|---|---|---|
Mispillion Elementary 311 Lovers Lane, Milford, DE 19963 | 1-5 | 2.2 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 | 2.3 mi |
Milford Senior High School 1019 North Walnut Street, Milford, DE 19963 | 8-12 | 2.3 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 503 Lakewood Dr
Date
Details
Price
Change
Source
9/23/2026
Listed
$599,900
59.97%
MLS
12/17/2019
Sold
$375,000
—
Public Record
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 503 Lakewood Dr
Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,567
—
$25,200
—
2025
$1,572
12%
$25,200
—
2023
$1,401
2%
$25,200
—
2022
$1,380
-1%
$25,200
—
2021
$1,396
—
$25,200
—
2020
$1,401
-1%
$25,200
—
2019
$1,411
—
$25,200
—
2018
$1,418
-1%
$25,200
—
2017
$1,436
-8%
$25,200
—
2016
$1,556
42%
$25,200
—
2015
$1,094
4%
$25,200
—
2014
$1,057
-2%
$25,200
—
2013
$1,082
—
$25,200
—
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 503 Lakewood Dr
503 Lakewood Drive, Milford, DE 19963 (MLS# DESU2121214) is a Single Family property with 3 bedrooms, 3 full bathrooms and 1 partial bathroom. 503 Lakewood Drive is currently listed for $599,900 and was received on September 23, 2026. Want to learn more about 503 Lakewood Drive? 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.
