Precious Bankole

1 Lake Drive

Bear, DE
$ 786,687 Beds 4 Baths 3 Sq 12,000 Virtual Tour
Monthly Estimate* How much can I afford?

ALL OFFERS ARE DUE AND TO BE REVIEWED BY SEPTEMBER 28TH, 2026. A truly rare lakefront opportunity in New Castle County awaits at 1 Lake Drive in Bear, Delaware. Situated on approximately 0.62 acres along the water, this extraordinary property combines a substantial homesite, sweeping lake views, exceptional privacy, and a massive custom residence currently under construction. Opportunities offering this combination of lot size, direct proximity to the lake, water views, and nearly 12,000 square feet of potential living space are exceptionally difficult to find in northern Delaware. The existing structure has undergone an ambitious expansion and transformation, giving the next owner the opportunity to take over a remarkable project and complete it according to their own vision. Extensive framing is already in place across multiple levels, with oversized window openings positioned to capture natural light and dramatic views of the surrounding property and lake. The scale of the home provides tremendous flexibility for expansive living and entertaining areas, multiple bedroom suites, home offices, recreation spaces, guest accommodations, fitness areas, or other custom configurations. A substantial rooftop level creates even more possibilities for outdoor living and entertaining with elevated views across the surrounding landscape. Outside, the oversized grounds offer space rarely associated with lakefront property in this part of New Castle County. The property includes an existing in-ground pool area, extensive yard space, mature landscaping, and direct visual connection to the water, creating the foundation for a private resort-style setting. For an owner-occupant, this is an opportunity to finish a one-of-a-kind custom waterfront estate rather than compromise with someone else's design. For a builder or investor, the property's size and distinctive setting may present an equally compelling opportunity. Subject to applicable zoning, licensing and governmental approvals, buyers may also explore its potential as a luxury short-term rental/Airbnb, executive rental, furnished rental, or high-end long-term rental, where the combination of extraordinary square footage and a lakefront setting could create a uniquely differentiated offering. Located in Bear, DE, yet offering a setting that feels completely removed from the typical suburban home, 1 Lake Drive is not simply another renovation projectit is a chance to complete a landmark property. Bring your architect, builder and imagination and transform this unfinished canvas into an exceptional Delaware lakefront residence, luxury retreat, or investment property. Property is being offered in its current unfinished condition. Buyer is responsible for verifying square footage, construction status, permits, zoning, short-term/long-term rental eligibility and all intended uses. Property is scheduled for Sheriff Sale October 13th.

ACTIVE

  • Price
  • $ 786,687
  • City
  • Bear
  • Bedrooms
  • 4
  • Full Bathrooms
  • 3
  • County
  • NEW CASTLE
  • Half Bathrooms
  • 0
  • Area
  • Newark-Glasgow
  • Lot Size
  • 0.62 Acres
  • Zip
  • 19701
  • Sqr Footage
  • 12,000
  • Year Built
  • 1979
  • Taxes
  • $ 792
  • Style
  • MLS#
  • DENC2111164
Listed By: Michael Mulski with Crown Homes Real Estate - 3025046147;
Data Source: Bright MLS

Features

General

Living Area 12000
Sewer Public Sewer
Heating None
Cooling None
Possession 0-30 Days CD,31-60 Days CD,Immediate
Zoning NCPUD
Architectural Style Other
Construction Materials Other
School District CHRISTINA
Year Built 1979
Levels 3
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Waterfront Features Boat/Launch Ramp - Private
Accessibility None
County NEW CASTLE
New Construction No
Property Type Residential
HOA No
Subdivision Name RIVERS END
Garage Y/N No
Water Access Y/N Yes
Other Structures Above Grade
Full Baths 3
Status ACTIVE
Directions From DE-7 S,turn right onto Rivers End Drive. Turn right onto Providence Drive,then right onto Lake Drive. Property is located at 1 Lake Drive,at the intersection of Lake Drive and Providence Drive.
City BEAR
Senior Community Y/N No
MLS Area Newark/Glasgow (30905)
Lot Size Units Square Feet
Lot Size Square Feet 27007.00
Tax Assessed Value 78900.0
Tax Annual Amount 792.0
Structure Type Detached
Condo/Coop Association fee Y/N No
Bathrooms Full Main Level 3
Bathrooms Count Main Level 3.00
Price Per Sq Ft Total AG 65.56
Vacation Rental Y/N No
Virtual Tour https://my.matterport.com/show/?m=X4PhVYCkomi
Total SQFT 12000
Standard Status Active
Year Built Source Assessor
Legal Subdivision THE LAKE AT RIVERS END
Tax Lot 263

Interior Features

Heating Fuel None
Hot Water None
Basement (Y/N) No
Above Grade Finished Area 12000
Central Air Y/N No
Total Bedrooms 4
Main Level Bedrooms 4
LivingAreaSource Estimated
Above Grade Unfin Area Units Square Feet
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 3

Exterior Features

Pool Yes - Personal
Water Source Public
Type of Parking Driveway
Foundation Details Other
Water View Y/N No
Lot Size Acres 0.62
Water Body Type Lake
Lot Size Source Assessor
Waterfront Y/N Yes
Water Access Features Boat - Electric Motor Only,Private Access
Number of Docks 1
Land Assessed Value 67600.00
Navigable Water Y/N Yes
Number of Slips 1
Water Oriented Y/N Yes
Dock/Slip Conveys YN No
Dock Type and Features Private

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Martinsburg, WV office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/12/2026 Listed $895,000
9/12/2026 13% - $786,687

Property vs Zip Code Average in 19701

Price
AVG $590K
$790K
Taxes
AVG $3,834
$792
Year Built
AVG 1994
1979
Visits
AVG 263
53
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

1 Lake Drive Bear, DE is a Single Family Home for sale at $786687 with 12000 sqft and a lot size of 0.62 Acres Acre(s). 1 Lake Drive Bear has 4 bedrooms, 3 baths and was built in 1979. The property's zip code is 19701 which is in Bear, DE

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Precious Bankole

Precious Bankole

240-351-5185

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