USLakeFront Lake survey & intelligence

$195,000

7406 Harbor Way, Bear, DE 70515

Sample listing
4
Bedrooms
2
Bathrooms
3,550
Square feet
300 ft
Shoreline
$650
Per shoreline ft

Year-round home with a screened porch on Lums Pond. Roughly 300 feet of owned shoreline on 2.4 acres, with 4 bedrooms across 3,550 square feet. No dock. Water clarity on Lums Pond averages around 4 feet and the lake is classified stable for water level. Dock and shoreline work fall under Delaware DNREC. This is a sample listing used to demonstrate the platform.

Features

Covered slipNew seawallTwo-slip dockSandy beachOpen floor planRiprap shorelineGentle slope to waterNew roof

Property facts

Property typeEstate Year built1973 Lot size2.40 acres DockNo dock Water depth at dock10 ft ExposureEast-facing ViewWide open water Annual taxes$2,212 HOA$45/mo Short-term rentalVerify locally Listed2026-08-05
$2,504
All-in monthly
$46,930
Cash to close
$14,108
Costs beyond the obvious

Up front

Down payment$39,000
Closing costs (est. 2.4%)$4,680
Septic inspection & pump$850
Water quality testing$400
Waterfront home inspection$800
Survey (shoreline frontage)$1,200
Total$46,930

Every year

Principal & interest$12,329
Property taxes$2,212
Hazard insurance$1,400
Flood insurance$2,400
HOA / POA dues$540
Utilities$4,792
Maintenance reserve (1.1%)$2,145
Septic service$520
Well & water testing$260
Dock maintenance$900
Winterization / seasonal close$750
Shoreline / seawall reserve$1,800
Total$30,048
Adjust these assumptions →
$650
This home / shoreline ft
$2,122
Lake average
$55
Per square foot
Well below the lake average — this property prices at $650 per shoreline foot against a lake average near $2,122, a difference of -69%. Shoreline frontage is the metric that drives waterfront value, and it is almost never published.
Open the analyzer →
Modeled from the lake's estimated nightly rate and occupancy. Confirm local short-term rental rules before you rely on this.
Booked nights / year163 Gross revenue$100,175 Lodging tax−$11,019 Management−$17,831 Cleaning & supplies−$22,031 Net operating income$49,293 Against annual carry$19,245
Model your own →
5.5
Lake score
D
Water grade
0 ft
Drawdown
Level stabilityStable Typical clarity4 ft Dock authorityDelaware DNREC
Full Lums Pond report →
Comparable

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