Reserve in Pilottown, Lewes, Delaware
Locals and investors keep an ear to the ground for available property in the newly developed Reserve at Pilottown in Lewes, Delaware. Land and lots were snatched up as soon as it became available in this exclusive community with the town of Lewes rich in culture, history, shopping and fine dining.
Reserve in Pilottown, Lewes, Delaware Ideal Location
This sought-after community is connected to Pilottown Park and off New Road and residents either bike or walk the short distance to restaurants and shops in Lewes. Residents visit Lewes Beach by short car drive and are close enough to the beach to actually call their residence in the Reserve in Pilottown a Beach House. Right down the road from Lewes boat ramp and one street of Lewis Canal the location is magnificent. Coastal Delaware is only three hours away from the Nation’s Capital, Baltimore and Philadelphia for example and four hours’ drive to Manhattan.
Reserve In Pilottown, Lewes, Delaware Property Sales
Property gets sold fast in this exclusive community with a typical four bedroom, three bathroom home of 2600 square feet selling at $529, 000. A house at this price which are relatively new and built in 2007 for example have additional rooms such as laundry, library, study, den , kitchen and garages housing two vehicles. Walk-in closets, vaulted ceilings, and fireplace, air conditioning and front and rear decks will be included in the deal. Although it changes there is currently only two properties on the market and investors as well as locals will not let it be available for very long.
Tax Advantages in Investment Property in Lewes, Delaware
Buying property for retirement purposes in Reserve in Pilottown has more advantages that just obtaining prime property in sought after communities. Coastal Delaware’s property taxes are very low and other major advantages includes zero personal property taxes, citizens on social benefits does not pay sales tax on many retail items and zero tax on social security benefits either.