MLS# DESU2105810 Ocean View, DE 19970

Rare coastal development opportunity just minutes to the beach. This prime GR-zoned parcel offers multiple potential paths for a buyer or developer. The property appears well suited for a five-lot subdivision featuring approximately one-acre homesites, with subdivision approval handled administratively through Sussex County and estimated to take approximately three to four months. Lots of this size this close to the beach are increasingly uncommon and allow for spacious single-family homes with room for pools, detached garages, and meaningful landscape buffers - creating clear differentiation in today's market. For buyers seeking greater density, the property is also believed to support a higher-yield configuration of approximately 25 to 30 condominium units or smaller single-family home sites, subject to zoning, engineering, and full county approvals. This approach would require a longer entitlement timeline but may offer substantial upside depending on final design and layout. Alternatively, the parcel could be held or enjoyed as a private estate-sized homesite just minutes to Bethany Beach, allowing a future owner to pursue development at a later date as surrounding growth continues. Public utilities are at the road (buyer to perform all due diligence regarding sewer capacity, stormwater management, and subdivision approvals). Opportunities of this scale, flexibility, and proximity to the beach are increasingly limited. Please note that there is a structure on the property. It offers no additional value and will convey as-is, where-is.