$786,687

ALL OFFERS ARE DUE AND TO BE REVIEWED BY October 5TH, 2026. A truly rare lakefront opportunity in New Castle County awaits at 1 Lake Drive in Bear, Delaware. Situated on approximately 0.62 acres along the water, this extraordinary property combines a substantial homesite, sweeping lake views, exceptional privacy, and… Read More a massive custom residence currently under construction. Opportunities offering this combination of lot size, direct proximity to the lake, water views, and nearly 12,000 square feet of potential living space are exceptionally difficult to find in northern Delaware. The existing structure has undergone an ambitious expansion and transformation, giving the next owner the opportunity to take over a remarkable project and complete it according to their own vision. Extensive framing is already in place across multiple levels, with oversized window openings positioned to capture natural light and dramatic views of the surrounding property and lake. The scale of the home provides tremendous flexibility for expansive living and entertaining areas, multiple bedroom suites, home offices, recreation spaces, guest accommodations, fitness areas, or other custom configurations. A substantial rooftop level creates even more possibilities for outdoor living and entertaining with elevated views across the surrounding landscape. Outside, the oversized grounds offer space rarely associated with lakefront property in this part of New Castle County. The property includes an existing in-ground pool area, extensive yard space, mature landscaping, and direct visual connection to the water, creating the foundation for a private resort-style setting. For an owner-occupant, this is an opportunity to finish a one-of-a-kind custom waterfront estate rather than compromise with someone else's design. For a builder or investor, the property's size and distinctive setting may present an equally compelling opportunity. Subject to applicable zoning, licensing and governmental approvals, buyers may also explore its potential as a luxury short-term rental/Airbnb, executive rental, furnished rental, or high-end long-term rental, where the combination of extraordinary square footage and a lakefront setting could create a uniquely differentiated offering. Located in Bear, DE, yet offering a setting that feels completely removed from the typical suburban home, 1 Lake Drive is not simply another renovation project - it is a chance to complete a landmark property. Bring your architect, builder and imagination and transform this unfinished canvas into an exceptional Delaware lakefront residence, luxury retreat, or investment property. Property is being offered in its current unfinished condition. Buyer is responsible for verifying square footage, construction status, permits, zoning, short-term/long-term rental eligibility and all intended uses. Property is scheduled for Sheriff Sale October 13th. Read Less

Courtesy of Michael Mulski, Crown Homes Real Estate 302-504-6147

Listing Snapshot

Days Online

Last Updated

Oct 4, 2026

Property Type

Single Family Residential

Beds

Full Baths

Square Ft.

12,000

Lot Size

0.62 Acres

Year Built

1979

MLS Number

DENC2111164

Additional Details

Building

Built in 1979, Living area: 12000, Levels: 3

Cooling

None

Accessibility Features

None

Heating

None

Lot

0.62 acres

Property

Other structures: Above Grade

Sewer

Public Sewer

Taxes

Annual Amount: $792, Lot: 263, Year: 2025, Zoning: NCPUD

Utilities

Water Source: Public

Water Features

Boat/Launch Ramp - Private

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