Welcome to this 2-bedroom, 1-bath home nestled just outside of Millsboro, offering direct water access off Indian River Bay. Constructed with beautiful red wood, this estate sale property is a rare find for those looking to create their dream retreat, starter home, or a cozy place to downsize.. The property is being sold as-is and does need some work, but it’s full of potential. Enjoy peaceful mornings by the water and the charm of a quiet, established setting. Whether you're envisioning weekend getaways or year-round living, this home offers a fantastic canvas to make it your own. Don’t miss out on this unique opportunity to own waterfront property at a great value!
Sold for $220,000 on 09/19/25
$220,000
27992 Possum Point Rd, Millsboro, DE 19966
2beds
576sqft
Single Family Residence
Built in 1943
0.26 Acres Lot
$219,900 Zestimate®
$382/sqft
$1,468 Estimated rent
Home value
$219,900
$209,000 - $231,000
$1,468/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 28, 2025 at 03:40am
Listed by:
Jennifer Demarest 302-278-5591,
The Parker Group
Bought with:
Dorothy Burton, RS-0017590
Samson Properties of DE, LLC
Source: Bright MLS,MLS#: DESU2086474
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Basement
- Area: 0
Heating
- Central, Electric
Cooling
- None, Electric
Appliances
- Included: Washer, Dryer, Cooktop, Refrigerator, Electric Water Heater
Features
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 576
- Total interior livable area: 576 sqft
- Finished area above ground: 576
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: None
- Waterfront features: Bay
- Frontage length: Water Frontage Ft: 75
Lot
- Size: 0.26 Acres
- Dimensions: 60.00 x 190.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 23301.0037.00
- Zoning: GR
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1943
Utilities & green energy
- Sewer: On Site Septic
- Water: Well
Community & neighborhood
Location
- Region: Millsboro
- Subdivision: None Available
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Sold | $220,000-12%$382/sqft |
Source:  Bright MLS #DESU2086474 | ||
| 8/4/2025 | Contingent | $250,000$434/sqft |
Source: Bright MLS #DESU2086474 | ||
| 8/4/2025 | Listed for sale | $250,000$434/sqft |
Source: Bright MLS #DESU2086474 | ||
| 6/14/2025 | Listing removed | $250,000$434/sqft |
Source: Bright MLS #DESU2086474 | ||
| 5/20/2025 | Listed for sale | $250,000$434/sqft |
Source: Bright MLS #DESU2086474 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $283 | $6,550 |
| 2023 | -- | $6,550 |
| 2022 | $12 | $6,550 |
Find assessor info on the county website
Neighborhood: 19966
Nearby schools
GreatSchools rating
- 6/10Clayton (John M.) Elementary SchoolGrades: K-5Distance: 3.5 mi
- 7/10Selbyville Middle SchoolGrades: 6-8Distance: 8.9 mi
- 6/10Indian River High SchoolGrades: 9-12Distance: 3.3 mi
Schools provided by the listing agent
- District: Indian River
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$219,900
2% more+ $4,398
With Zillow Showcase(estimated)
$224,298