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About This Home

This 2-bedroom, 2-bathroom single family at 116 LAVENDER Drive unit: 4 in MAGNOLIA, DE is listed for $198,900 ($116 per sqft). Built in 2009, the home offers 1,720 sqft of living space on a N/A lot.

Agent Description

Beautifully Remodeled Home in Southern Meadow - Magnolia, DE Welcome to this completely remodeled home located in the desirable, age-restricted community of Southern Meadow in Magnolia, Delaware. This move-in-ready property sits on a premium corner lot overlooking the dog park and gardens and is conveniently located across the street from the community clubhouse and pool.

Inside, you'll find new luxury vinyl plank flooring throughout the main living areas and bathrooms, new carpet in the bedrooms and den, and fresh paint throughout, creating a bright and modern feel. The updated kitchen features brand-new stainless-steel appliances, while major system upgrades include a new architectural shingle roof with transferable warranty and a new heat pump, offering peace of mind for years to come.

The monthly lot lease of $732 includes sewer, lawn care, trash service, snow plowing, and full access to the community's outstanding amenities. Residents enjoy a clubhouse, swimming pool, walking trails, bocce ball courts, dog park, and fishing ponds, all designed to support an active and social lifestyle.

The community also offers a 15-year lot lease option that locks in annual rent increases at just 3.5%, providing homeowners with long-term predictability and peace of mind. Unlike many communities that raise lot rent by 5% or by the State of Delaware's approved annual rate, this option allows residents to know exactly what their lot rent will be each year for many years to come, making future expenses easier to plan and budget.

Don't miss this opportunity to own a beautifully updated home in one of Magnolia's most sought-after 55+ communities.

Key Features

  • Built in 2009
  • 5 parking spaces

Property Details

1 story
2 full
5 spaces
2009

Amenities

A/C

Monthly Cost Estimate

$1,064/mo

20% down · 6.5% · 30 years

Principal$144
Interest$862
Insurance$58

Estimates only. Actual payments may vary.

Location

116 LAVENDER Drive unit: 4

MAGNOLIA, DE 19962

SOUTHERN MEADOW

Property Details

Construction

Modular/Manufactured

Parking

DrivewayGarage - Attached

Heating

Electric (Heating)Heat Pump (Heating)

Cooling

Central Air

Appliances

Built-In MicrowaveDishwasherOven/Range - GasStainless Steel Appliances

Questions & Answers

This 2-bedroom, 2-bathroom single family at 116 LAVENDER Drive unit: 4 is listed at $198,900 ($116/sqft). The estimated monthly payment is $862 based on 20% down at 6.5% interest.

Key features include: Built in 2009, 5 parking spaces.

This property is listed by Brittany Marie Breeding and can be reached at 3023547710 or bbreeding@i-realty.com.

BB

Brittany Marie Breeding

Agent at Investors Realty, Inc.

(302) 354-7710

Listed by Investors Realty, Inc. · View on Broker Site

MLS# DEKT2043520· Source: listhub· Updated 94 days ago

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

116 LAVENDER Drive unit: 4, MAGNOLIA, DE 19962

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