There are not enough superlatives to describe this extraordinary one-of-a-kind home! The possibilities are endless. .. In-law Suite, multi-generational living, it's zoned for up to four horses and small livestock & has the potential for subdivision, Just, 17 years old, this magnificent home is situated on eight beautifully landscaped acres and is surrounded by property that has been dedicated to land conservation. This custom home features a multitude of brag-worthy features, including hardwood floors throughout, newer window treatments on the main level, an upgraded gourmet kitchen, a first-floor primary suite, a stunning brand-new spa-like primary bath with vaulted ceiling and circle top window, an unbelievable finished lower level, and so much more…including a large wine cellar with tasting area! A fusion of classic elegance and country charm, this property is sure to impress even the most discerning buyer. This Cape Cod home is reached via its graceful & meandering tree-lined drive. The winding paver walkway leads you to the front entrance. A welcoming foyer greets you as you begin to appreciate the breathtaking views that are evident everywhere. The formal living room has beautiful hardwood floors and one of the home’s wood-burning fireplaces. The formal dining room also has hardwood floors & gorgeous views. The heart of this home is the astonishing gourmet kitchen that boasts granite counters, hardwood floors, stainless steel appliances (including a new KitchenAid double oven, a new KitchenAid convection microwave, a new KitchenAid dishwasher), and a new kitchen faucet. A Jenn-Air gas cook top plus a large island and breakfast bar complete this great space! Relax in front of the family room's wood-burning fireplace and enjoy the natural light that pours in through the large windows. The sliding glass door opens to an expansive composite deck. There’s also a newer Hunter Douglas ceiling fan and hardwood floors. The serene first floor primary suite features hardwood floors, a sizeable walk-in closet, large windows, and a ceiling fan. The brand-new primary bath is stunning in every way and includes a free-standing soaking tub, an oversized frameless glass shower enclosure beautiful Carrara porcelain walls and flooring, the vanity features a quartz countertop. The accents include wall sconces, an oversized window with circle top and beautiful lighting and fixtures. The main level also offers a handsome den/study with a propane fireplace and a newer Hunter Douglas ceiling fan. Directly off the kitchen is a large tiled mudroom with a desk area, built-in cabinetry, a double closet, and a door to the three-car garage. The main level also includes a laundry room with utility sink, a separate garage entrance, and a second set of stairs to the finished lower level. The upper level also boasts a second potential primary suite, two additional bedrooms, a private office, and a full bath. As if the main and upper levels didn’t have enough to offer, you will be amazed at the amenities in the finished lower level, including a custom-built 269 bottle wine cellar with tasting area; a full bar area with extra storage and a sink; media and recreation areas; and a sixth bedroom with easy access to a full bath. This is a home within a home! The eight park-like acres are professionally landscaped and meticulously manicured! Enjoy panoramic views all year long from the large composite Trex deck. In addition to the home’s three-car garage, there is a detached garage with electricity, a new door and new interior sheetrock, and there is also a shed. This property has been painstakingly maintained and pride of ownership is evident throughout. Attention has been given to every detail, both inside and out (see Buyer and Agent brochures for more specifics). Close to Fair Hill, it provides a perfect, private sanctuary while its central location offers easy access to nearby PA, DE & MD.
Single-familyProperty Type
2005Year Built
8 acresLot Size
$229Est. Price/Sq.Ft.
3 car garageParking
Listed by MaryBeth Tribbitt• Patterson-Schwartz-Hockessin
•302-239-3000 (broker)
•ssedita@psre.com (broker)
Bought with Peggy Centrella• Patterson-Schwartz-Hockessin
Writers, artists, creative types, and home-based business owners, its time to rejoice. Your dream home is just a click away! 503 Elk Mills Rd. , better known as Good Hope Farm, is a spectacular custom Cape Cod just 11 years young. With over 5,000 square feet of living and entertaining space, Good Hope is more than a home? it's a lifestyle. The winding tree lined drive welcomes you all the way to the front of the house. A sense of calm and peace envelops you as you enjoy majestic and expansive views from every window and sitting area throughout this one-of-a-kind home. Do you have a love for the equestrian lifestyle? Good Hope is situated on 8 meticulous acres with zoning for up to 4 horses plus small livestock. There are 2 oversized sheds on the property. The inside of this custom home is better than new and features hardwood floors throughout, recessed lighting and crown molding. The 1st floor master bedroom has hardwood floors and a walk-in closet. The master bath, which includes granite counters, heated tile floors, a stall shower, Jacuzzi tub and bidet was crafted for the most discriminating of buyers. Relax in the family room w/ wood-burning fireplace and sliding doors that open to an expansive composite deck. Just steps away is the gourmet kitchen with granite counters, stainless appliances, Jenn Air gas cooking, and double ovens. Directly off of the kitchen is a tiled mudroom with large desk area and built in cabinetry that leads out to the 3 car garage. There is a formal dining room and living room with another wood burning fireplace. The cozy den/study has a 3rd propane fireplace. Rounding out the main level is the laundry room with a separate garage entrance and 2nd set of stairs to the basement / bar area. Laundry tub and free-standing freezer are included. If entertaining is your fancy, then the heart of this home may just be the basement with a full wet bar, sitting/TV area, recreation area, full bath and 5th bedroom. This ultimate man-cave even features a custom built wine cellar with tasting area. Just behind the finished bar area is another large storage area and 2nd utility tub to make clean up easy. The upper level features a 2nd master suite with sitting area, 2 additional bedrooms, a private office with custom built-in bookcases and a full bath. Good Hope is the perfect sanctuary, blending farmland charm, modern living and close proximity to Wilmington, Philadelphia, and beyond. A must see! Basement approx. 1500 SqFt more
BRIGHT MLS #1007993974
Nov 28, 2016
Listing Removed
—
Mar 24, 2016
Listed
$629,900
$140/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$11,102 (+3.5%)
$49,260 + $203,860
$253,120
2025
$10,728 (+10.0%)
$49,260 + $203,860
$253,120
2024
$9,749 (+3.6%)
$49,260 + $189,290
$238,550
2023
$9,410 (+3.4%)
$49,260 + $189,290
$238,550
2022
$9,104 (+3.7%)
$49,260 + $189,290
$238,550
2021
$8,783 (+2.0%)
$49,260 + $189,290
$238,550
2020
$8,608 (+0.9%)
$49,260 + $189,290
$238,550
2019
$8,534 (−34.3%)
$49,260 + $189,290
$238,550
2018
$12,984 (+8.8%)
$49,260 + $313,670
$362,930
2017
$11,931 (+2.2%)
$49,260 + $287,530
$336,790
2015
$11,670 (+0.5%)
$49,260 + $287,530
$336,790
2014
$11,609
$49,260 + $287,530
$336,790
2013
$11,609 (+2.1%)
$49,260 + $287,530
$336,790
2012
$11,373
$49,260 + $287,530
$336,790
2011
$11,373
$49,260 + $287,530
$336,790
2010
$11,373
$49,260 + $287,530
$336,790
Tax history for 503 Elk Mills Rd
Year
Property tax
Land + Additions
Assessment*
2026
$11,102 (+3.5%)
$49,260 + $203,860
$253,120
2025
$10,728 (+10.0%)
$49,260 + $203,860
$253,120
2024
$9,749 (+3.6%)
$49,260 + $189,290
$238,550
2023
$9,410 (+3.4%)
$49,260 + $189,290
$238,550
2022
$9,104 (+3.7%)
$49,260 + $189,290
$238,550
2021
$8,783 (+2.0%)
$49,260 + $189,290
$238,550
2020
$8,608 (+0.9%)
$49,260 + $189,290
$238,550
2019
$8,534 (−34.3%)
$49,260 + $189,290
$238,550
2018
$12,984 (+8.8%)
$49,260 + $313,670
$362,930
2017
$11,931 (+2.2%)
$49,260 + $287,530
$336,790
2015
$11,670 (+0.5%)
$49,260 + $287,530
$336,790
2014
$11,609
$49,260 + $287,530
$336,790
2013
$11,609 (+2.1%)
$49,260 + $287,530
$336,790
2012
$11,373
$49,260 + $287,530
$336,790
2011
$11,373
$49,260 + $287,530
$336,790
2010
$11,373
$49,260 + $287,530
$336,790
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
5
Baths
3.5
Stories
1.5
Lot width
—
Lot depth
—
Lot size
8 Acres
Year renovated
—
Sq. Ft.
4,500
Year built
2005
Style
Single Family Residential
County
Chester County
APN
7004 00400100
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 22, 2026.
AP
Agricultural Preservation District
In promoting the policies of the Elk Township Comprehensive Plan and the Elk Township Open Space, Recreation, and Environmental Resources Plan the purpose of this Article is to: Preserve the rural character of the Township by promoting the preservation of farmland and the continuation of the agricultural industry; Locate the Agricultural Preservation District where agricultural operations are the primary land use; Protect prime agricultural soils and existing farmland and reduce development pressure that can negatively impact the agricultural industry; Accommodate and encourage continued agricultural use on soils classified by the U.S. Department of Agriculture within agricultural capability.; Provide development options for farmers ta subdivide their properties for development in a configuration that protects the viability of the remaining land for agricultural production.; Provide for agricultural uses and uses compatible with or supportive of agriculture within the district.; Limit the type and amount of non-agricultural uses within the district in order to avoid conflicts between agricultural and non-agricultural uses.
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Housing-Single unit
Housing-Other
Bed & breakfast
Kennel
Timberland
Property details
Parking
Parking Information
# of Attached Garage Spaces: 3
Garage Features: Garage Door Opener, Inside Access, Oversized