$220,000
●
House -
Off Market
32124 STEELE DRIVE
MILLSBORO, DE 19966
3 Beds
1 Bath
1,003 Ft²
$1,205
Est. Monthly
$8
HOA / Fees
About This Property
Tucked away on a spacious, partially wooded lot in Sherwood Forest,
this charming coastal retreat is just minutes from nearby boat
ramps, local dining, shopping, and beautiful Delaware beaches. This
3-bedroom, 1-bath home features a generously sized living room,
screened porch, and sun-filled deck-perfect for enjoying warm
summer days.Offered fully furnished and ready for the season, it's
an ideal weekend getaway or investment opportunity near the Indian
River Bay. Spend your days crabbing, clamming, or cooking the catch
of the day with friends and family, then unwind on the screened
porch or soak up the sun outdoors. The expansive lot provides
plenty of room for future additions, while accommodating boat and
RV parking with ease. Built on a solid block and post pier
foundation, this stick-built home offers both comfort and
potential. Sherwood Forest residents enjoy a low $100 annual HOA
and low property taxes-making this an affordable slice of coastal
living.
Unit Size
1,003 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$238
Property Type
House
Property Taxes
$23
HOA Dues
$8
Year Built
-
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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: 2 months ago (Bright MLS #DESU2109806)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Sold | ||
| Sold | |||
| Aug 6, 2026 | In contract | - | |
| In contract | |||
| Aug 1, 2026 | Relisted | $239,000 | |
| Relisted | |||
| Jul 3, 2026 | In contract | - | |
| In contract | |||
| Jun 10, 2026 | Price Decreased |
$239,000
↓ $11K
(4.4%) | |
| Price Decreased | |||
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Property Highlights
Air Conditioning
Fireplace
Parking Available
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
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Sussex
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Listed by: Jaime Hurlock
Long & Foster Real Estate, Inc.
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# DESU2109806
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Long & Foster Real Estate, Inc.
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# DESU2109806
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