Listed by Anton Balakin • EXP Realty, LLC
$1,199,900
Est. payment /mo
7.03 Acres Lot
New
30875 SADDLE RIDGE WAY Lewes, DE 19958
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Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Ironhorse Ranch
MLS Listing ID DESU2111214
HOA Fees $600/ann
HOA Y/N Y
Annual Tax Amount $593
Tax Year 2025
Lot Size 7.030 Acres
Acres 7.03
Property Sub-Type Land
Source BRIGHT
Property Description
Massive parcel in the highly desirable Lewes ZIP code featuring an operational solar farm already generating strong passive income. Secure consistent returns throughout the solar farm lease term, then unlock the full potential of the land—whether for development, resale, or long-term hold. With a standalone land valuation of $900K (per appraisal), plus built-in lease revenue, this property presents a rare opportunity for a savvy investor seeking both immediate cash flow and future upside.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning AR-1
Exterior
Water Access N
Garage N
Building
Sewer Other
Water Other
Schools
School District Cape Henlopen
Others
Tax ID 234-06.00-6.04
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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