$3,500,000

A rare opportunity abounds on this 11.80 +/- acre coastal property in Ocean View! The property is close to the sandy beaches and fine dining of Bethany Beach. Local amenities in Ocean View include marinas on White Creek, golf courses, dining, and entertainment. The property is comprised of four separate contiguous parcels (Tax IDs: 134-8.00-67.00, 134-8.00-67.01, 134-8.00-67.02, and 134-8.00-68.00) Surrounded by single family homes, the property's highest and best use is likely residential development. Subject to county approval, a subdivision of the property could support approximately 40-50 lots for detached single family homes (a permitted use) or multifamily dwelling structures (a conditional use). Alternatively, the property's proximity to Bethany Beach makes it an ideal location for developing several large private estates. Because the property is currently in Medium Residential (MR) zoning, it has extensive development potential for permitted or conditional uses (Sussex County Code § 115-29 and 115-29). The Seller makes no warranty or representation regarding any permitted or conditional use. Any and all future use of the property is subject to approval by Sussex County. The Buyer shall be solely responsible for conducting any and all due diligence and obtaining required county approvals for buyer's intended purpose. Notably, there are three dwellings on the property. However, this is a land-only sale with the dwelling being sold "as-is" and adding no value to the property's best and highest use.