206 N WALNUT STREET, MILFORD, DE 19963

Historic Greek Revival Estate in Downtown Milford – A Rare Gem with Endless Possibilities!

Perched on a picturesque hill in the heart of downtown Milford, this stunning 1866 Greek Revival-style home is a true testament to history and timeless elegance. Situated on over half an acre, this property offers expansive outdoor space, a detached two-car garage/carriage house, and off-street parking for six or more vehicles—a rare find in the downtown area. The wrought iron fencing, charming brick pathways, and stately steps leading to the home’s grand entrance only add to its historic charm.

Inside, you’ll be greeted by freshly painted interiors, large sunlit windows, and beautiful hardwood flooring, some of which remain original to the home. While preserving its historic integrity, modern updates have been thoughtfully integrated, including a brand-new kitchen with new cabinetry, countertops, and appliances. The kitchen window overlooks the sprawling backyard, offering the perfect view. The home’s three spacious stories provide ample living space, including 6 bedrooms and bonus areas that can be adapted to fit your needs.

One of the standout features of this property is its flexible live-work potential. With a separate entrance leading to a dedicated office space, this home is ideal for professionals looking to operate a business from the comfort of their residence. Whether you envision a private practice, boutique, studio, or home office, the layout provides the perfect balance between work and home life.   Get creative! Additionally, the detached garage/carriage house offers an incredible opportunity to be converted into an accessory dwelling unit, adding potential for rental income or guest accommodations.

Steeped in history, this home was once known as the Godwin-Baker Home and was previously owned by Dr. Baker, a beloved local pediatrician. Earlier in its life, the backyard housed a brick bathhouse, adding another layer of rich history to this one-of-a-kind property.  Notably, this home is also Listed in the National Register of Historic Places as a contributing structure in the North  Milford Historic District 

Adding to its unique appeal, this home sits right on the Milford Parade Route, making it the perfect spot to enjoy annual parades from the comfort of your own property.  You will have a front-row seat to one of Milford’s most beloved traditions.

The opportunities here are truly endless. Whether you’re searching for a charming primary residence, an entrepreneurial home-and-business combo, or considering the potential of a Bed & Breakfast or Airbnb, this property offers the versatility and location to make your vision a reality. The separate entrance provides a convenient way to run a business, while the carriage home conversion could open up additional revenue streams.

Located in the vibrant and growing city of Milford, this home is within a short distance of restaurants, boutique shops, theaters, and local events. Take a leisurely stroll along the Mispillion Riverwalk, visit the nearby dog park and pickleball courts, or enjoy riverside dining just moments from your doorstep. Milford’s prime location also offers easy access to Delaware Bay beaches in just minutes, while the resort towns of Rehoboth and Lewes are only about 30 minutes away. For those who travel frequently, major cities like Philadelphia, Washington D.C., and Baltimore are all within a few hours’ drive.

This is more than just a home—it’s an opportunity to own a piece of history in one of Delaware’s most charming and evolving downtowns. With its unmatched space, character, and business potential, this property is truly one of a kind. Don’t let this rare chance slip away—schedule your private showing today!  And Check Out the Virtual Tour!  Floor Plan also available!