$250,000
●
House -
Off Market
45 RITTER DRIVE
MILLSBORO, DE 19966
4 Beds
2 Baths
1,456 Ft²
$1,520
Est. Monthly
$6
HOA / Fees
About This Property
Welcome to 45 Ritter Drive, a rare four-bedroom home in an
established beach community nestled on one of the larger lots in
the community. Just minutes from Long Neck Rd, the Indian River
Bay, Rehoboth Bay, marinas, shopping, and dining, this home also
offers quick access to Rehoboth Beach, Lewes, and the boardwalks of
the Delaware coast. Inside, you'll find a private primary suite,
three additional bedrooms, and a spacious family room with a
propane fireplace. A bright three-season sunroom expands your
living and entertaining space, accompanied by a wood burning
fireplace for the chillier weather. Recent updates include a newer
roof, a brand-new well pump, and new carpet and luxury vinyl plank
flooring. Situated across from Long Neck Elementary School and
playground, the location is peaceful in the summer yet close to all
the attractions and conveniences Sussex County has to offer.
Whether as a primary residence, beach retreat, or investment, 45
Ritter Drive blends space, comfort, and coastal lifestyle in one
inviting package.
Unit Size
1,456 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$205
Property Type
House
Property Taxes
$45
HOA Dues
$6
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: 11 months ago (Bright MLS #DESU2098038)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 18, 2025 | Sold | ||
| Sold | |||
| Nov 16, 2025 | In contract | - | |
| In contract | |||
| Oct 11, 2025 | Listed by Coldwell Banker Realty | $299,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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Sold On
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HOA + Taxes
About Sussex
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Listed by: CHRISTINE MCCOY
Coldwell Banker Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# DESU2098038
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.
Coldwell Banker Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# DESU2098038
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