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$600,000 -$19,900 (-3.21%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 2,126 Sq. Ft.
  • 2 Car Garage
  • Updated 2 days ago
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Tucked away at the end of non-through street and surrounded by mature trees, this beautifully renovated 1950s brick home offers something increasingly rare, authentic character, timeless craftsmanship, and a setting filled with privacy and charm. Far from a cookie-cutter property, this sturdy brick residence was built to last and has been thoughtfully reimagined with a fresh contemporary farmhouse aesthetic while preserving its enduring appeal. A welcoming front porch leads to a stunning decorative wood entry door, setting the tone for the stylish interiors beyond. Inside, you'll find crisp white walls, elegant crown molding, farmhouse-inspired lighting, and a soothing neutral color palette that creates a warm and inviting atmosphere. Black fixtures and hardware throughout add a sophisticated modern contrast, while luxury vinyl plank flooring flows seamlessly through most of the main level. To the left of the foyer, the spacious primary suite serves as a private retreat, featuring crown molding, recessed lighting, and a sliding barn door leading to a beautifully appointed en suite bath. The bath includes dual vanities, a walk-in shower with a rain showerhead, and a private water closet. To the right, a generously sized family room welcomes gatherings with crown molding and recessed lighting, opening effortlessly into the heart of the home. The beautifully updated kitchen features quartz countertops, a breakfast-bar island, stainless steel appliances, and a convection self-cleaning oven. Just beyond, the formal living room offers a striking black-and-white painted brick wood-burning fireplace, creating the perfect focal point for cozy evenings and holiday celebrations. The formal dining room is equally inviting, highlighted by a dramatic black chandelier, crown molding, and chair rail detailing that add elegance and character to every gathering. Down the hallway, you'll find two comfortable guest bedrooms with plush carpeting, a full hall bath with a tub/shower combination, a linen closet, and a second primary suite. This additional suite features plush carpeting and a private en suite bath complete with a tiled shower, classic black fixtures, and a rain showerhead, making it ideal for guests or multi-generational living. The full unfinished basement provides exceptional storage and future possibilities. It houses the laundry area, an oversized water heater installed in 2022, Bilco doors, and walk-up access to the backyard. A Generac whole-house generator and water treatment systemoffers additional peace of mind year-round. Outside, the property continues to impress. The oversized backyard provides ample room for outdoor entertaining, gardening, or recreation and includes a paver patio, storage shed, and a dramatic black wrought-iron gate that creates a memorable entrance at the end of the long private driveway. An attached two-car garage with automatic openers offers convenient access from both the driveway and rear patio. Visit the quaint town of Milford a short distance away. With shops and eateries. And the Milford Riverwalk. And you are still less than an hour to the Delaware beaches! Rich in character, thoughtfully renovated, and nestled in a private wooded setting, this exceptional home combines the quality and craftsmanship of a bygone era with the style and conveniences today's buyers desire. Some exterior photos have been virtually enhanced for presentation purposes.

Full Property Details for 505 Lakewood Dr

General

  • Price: $600,000
  • Taxes: $1,198 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2095850
  • Updated: 8/6/2026
  • Added to Site: 246 day(s) ago

Interior

  • Rooms/Areas: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Basement, Foyer
  • Interior Features: Breakfast Area, Carpet, Ceiling Fan(s), Chair Railings, Combination Kitchen/Living, Crown Moldings, Dining Area, Entry Level Bedroom, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Island, Pantry, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Water Treat System, Window Treatments
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Wood, Brick, Fireplace - Glass Doors, Mantel(s)
  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Exhaust Fan, Freezer, Icemaker, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Conditioner - Owned, Water Heater
  • Flooring: Luxury Vinyl Plank, Partially Carpeted

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Floor Baths: 3
  • Main - Full Baths: 3

Bedrooms

  • Total Bedrooms: 4
  • Bedrooms Main & Up: 4

Other Rooms

  • Laundry: Has Laundry, Lower Floor

Additional Information

  • Security/Safety: Main Entrance Lock, Smoke Detector, Carbon Monoxide Detector(s)

Exterior

  • Exterior Features: Exterior Lighting, Extensive Hardscape
  • Porch/Patio/Deck: Patio(s), Porch(es), Roof

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Asphalt Driveway
  • Parking Type: Attached Garage
  • Garage Description: Garage - Side Entry, Garage Door Opener, Additional Storage Area

Location

  • Area: Cedar Creek Hundred (31004)
  • County: SUSSEX
  • Subdivision: CHESTNUT KNOLL ACRES
  • Driving Directions: Route 113 to Old Shawnee Rd, turn onto Evergreen to right on Wisseman, right on Roosevelt and a left onto Lakewood, follow to the end.
  • Location Details: Corner Lot/Unit

School Information

  • School District: Milford
  • Elementary School: Ross
  • 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, Heat Pump(s), Ceiling Fan(s)
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s), Forced Air
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Septic Exists
  • Water: Well

Structural Information

  • Architectural Style: Ranch/Rambler
  • Structure Type: Detached
  • Construction: Brick, Stick Built, Vinyl Siding
  • Basement: Yes
  • Basement Entrance: Yes
  • Basement Desc.: Rear Entrance, Unfinished, Connecting Stairway, Daylight, Full, Interior Access, Sump Pump, Walkout Stairs, Windows, Outside Entrance
  • Foundation: Concrete Perimeter
  • Roof: Architectural Shingle, Pitched
  • Walls/Ceilings: 9'+ Ceilings, Dry Wall
  • Windows: Double Pane, Double Hung, Screens, Vinyl Clad
  • Doors: Storm
  • Stories Description: Main
  • Square Feet: 2,126
  • Sq. Ft. Source: Estimated
  • Living Area: 2,126 Sq. Ft.
  • Finished Above Grnd: 2,126 Sq. Ft.
  • Year Built: 1954
  • Year Built Source: Assessor

Additional Structures

  • Other Structures: Shed

Lot Features

  • Property View: Garden/Lawn, Trees/Woods
  • Lot Size (Acres): 0.58
  • Lot Size (Sq. Ft.): 25,265
  • Lot Size Source: Assessor
  • Lot Dimensions: 134.00 x 156.00
  • Zoning: MR
  • Lot Description: Backs to Trees, Corner, Front Yard, Landscaping, Level, No Thru Street, SideYard(s), Rear Yard, Trees/Wooded
  • Fencing (Description): Decorative, Fully, Rear, Privacy

Financial Considerations

  • Price Per Sq. Ft.: $282.22
  • Assessment Year: 2025
  • School Tax: $1,114
  • County Tax: $84
  • County Tax Freq: Annually
  • Tax Amount: $1,198
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 2384

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 42

Listed by Northrop Realty, Kevin J Hammersmith

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Listing agent

— 505 Lakewood Dr —

  • Kevin J Hammersmith

    Northrop Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 505 Lakewood Dr

School District:Milford School District
NameGradesDistance
Mispillion Elementary
311 Lovers Lane, Milford, DE 19963
1-52.2 mi
Morris (Evelyn I.) Early Childhood
8609 3rd Street, Lincoln, DE 19960
PK-13.2 mi
Milford Central Academy
1021 North Walnut Street, Milford, DE 19963
6-82.3 mi
Milford Senior High School
1019 North Walnut Street, Milford, DE 19963
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 505 Lakewood Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/06/2026
Price Reduced
$600,000
-3.21%
MLS
7/14/2026
Price Reduced
$619,900
-1.59%
MLS
12/05/2025
Listed
$629,900
110.46%
MLS
5/05/2025
Sold
$299,300
—
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 505 Lakewood Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,198
115%
$17,850
—
2023
$558
-3%
$17,850
—
2023
$576
3%
$17,850
—
2022
$558
-5%
$17,850
—
2021
$589
-1%
$17,850
—
2020
$592
-1%
$17,850
—
2019
$600
-1%
$17,850
—
2018
$605
-2%
$17,850
—
2017
$617
-1%
$17,850
—
2016
$621
36%
$17,850
—
2015
$457
4%
$17,850
—
2014
$439
-2%
$17,850
—
2013
$446
—
$17,850
—
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.

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Listed by Northrop Realty, Kevin J Hammersmith

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505 Lakewood Drive, Milford, DE 19963 (MLS# DESU2095850) is a Single Family property with 4 bedrooms and 3 full bathrooms. 505 Lakewood Drive is currently listed for $600,000 and was received on December 05, 2025. Want to learn more about 505 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.

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