$225,000
●
Land -
Off Market
21883 SPRING FOREST WAY
MILTON, DE 19968
Studio
0 Bath
$1,194
Est. Monthly
$25
HOA / Fees
9.29%
Cap Rate
About This Property
Nestled at the end of a quiet cul-de-sac in the desirable Woodgate
community, this one-of-a-kind 1-acre wooded lot offers a unique
opportunity to build your dream home in a serene and private
setting. Adjacent to the community pond and protected by a natural
wooded buffer, this lot ensures privacy and shields you from future
development-making it a rare find. Enjoy the best of both worlds:
seclusion and convenience, with public sewer hookup available and
easy access to the Delaware beaches and nearby quaint small towns.
The Woodgate neighborhood is known for its peaceful
atmosphere, spacious homesites, and low HOA dues-all without the
feel of a cookie-cutter developer community. With few lots of this
size and quality remaining, this is a standout opportunity for
those seeking tranquility, space, and natural beauty. Whether
you're planning a forever home or a vacation retreat, this lot is
ready to bring your vision to life.
Unit Size
-
Days on Market
164 days
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$40
HOA Dues
$25
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 12 months ago (Bright MLS #DESU2086310)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2025 | Sold | ||
| Sold | |||
| Oct 13, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Price Decreased |
$229,900
↓ $10K
(4.2%) | |
| Price Decreased | |||
| Jun 26, 2025 | Price Decreased |
$239,900
↓ $10K
(4%) | |
| Price Decreased | |||
| May 16, 2025 | Listed by Compass | $249,900 | |
| Listed by Compass | |||
Show More
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Sussex
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Listed by: Dustin Oldfather
Compass
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# DESU2086310
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Compass
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# DESU2086310
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