Nestled at a high elevation on a sprawling 1.5-acre lot with breathtaking panoramic views of Betts Pond in the charming town of Millsboro, this waterfront home is a rare find and presents a unique renovation opportunity for those seeking a project with immense potential. The property boasts a pristine park-like setting, making it an ideal haven for nature lovers, ensuring both tranquility and privacy. Approaching the residence, a circular driveway sets the home back from the road, adding to the sense of seclusion. The interior of this home is rich with character with solid 6-panel doors and three fireplaces throughout creating a warm and inviting atmosphere. Custom built-ins adorn the living and dining rooms, adding a touch of elegance and functionality. The spacious kitchen, designed to accommodate a kitchen table, provides a versatile space for culinary endeavors. The family room is highlighted by a gas fireplace while the primary bedroom boasts an ensuite bath, a wood-burning fireplace, and access to a private deck overlooking the picturesque Betts Pond. The lower level of the home has plumbing and heating systems in place and is a canvas ready to be tailored to your needs, studded for two bedrooms, a full bath, and a second family room with a wood burning fireplace– all with captivating water views. This home features a walk-up floored attic and various storage rooms strategically placed throughout the home. These rooms can serve as dedicated storage spaces for seasonal items, household supplies or other belongings. Outdoor living is embraced with a screened porch and an open-air deck, offering ideal spots for entertainment and relaxation against the backdrop of nature's beauty. While the home is being sold as-is and requires renovation, its beautiful bones and prime location make it an excellent candidate for a permanent residence or a beach getaway. This property offers the best of both worlds – the quiet and tranquility of its natural surroundings while being conveniently located close to Delaware beaches, providing easy access to coastal life, shopping, schools, and neighboring communities such as Lewes, Rehoboth, and Dover. Notably, there are no HOA fees, granting residents the freedom to enjoy their waterfront oasis to the fullest. Seize the opportunity to transform this waterfront gem into your dream home, blending modern comforts with the timeless beauty of its setting.