Where are the best deals in Delaware waterfront property?

First let me tell you where they are not.

Rehoboth Beach:
It’s rare to find a waterfront home in Rehoboth for less than $3 Million Dollars.
Lewes:
Waterfront prices are not much less expensive than Rehoboth. Expect to pay at least $2.5 Million Dollars.
Dewey Beach, Bethany Beach and Fenwick Island all have similar high prices.

So where are the real Deals? The answer is Broadkill Beach, Primehook Beach and Slaughter Beach!

Broadkill Beach currently (Nov5th 2007) has 23 properties for sale ranging from $435K - $1.5 Million with an average price of $709,318 Primehook Beach currently only has one home for sale priced at $725,000 but it is a community of approximately 226 homes with similar prices to Broadkill. The town of Slaughter Beach contains 409 houses and currently 10 of them are for sale with a low price of $279,900 and a high of $850,000. The current average price for homes in Slaughter Beach is $544,760

While homes priced between $544,760 and $709,318 may not seem like a bargain to everyone they certainly are when compared to the prices in Rehoboth, Lewes and Bethany. As the old adage states “Waterfront, they aren’t makin any more of it”. Supply and demand tells us anything in limited quantities becomes more valuable. All three of these communities will be solid investments.

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