39 Lower Beach Road Saco, ME SOLD
$1,525,000
Beds 8
Baths 4
Square Footage 2,442
Acres 0.18
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Sold By
Stephen Eric Jennifer Erickson, Coldwell Banker RealtyDescription
The Peekytoe Cottage and Carriage House is a beachfront family retreat just five minutes south along the shore from famous Old Orchard Beach and its downtown attractions. It is situated near the quiet fishing village of Camp Ellis on Ferry Beach. The cottage is a spacious beachfront house with six bedrooms and three baths. The additional detached Carriage House has two bedrooms, one bath and all provide a stunning view of the entire Saco Bay and its several small islands. At the Peekytoe Cottage, every effort has been made to provide convenience, comfort and atmosphere for a relaxing seaside family vacation.
Incredible investment opportunity with return guests and impressive rental income. Peekytoe Cottage offers a buyer a real estate investment with a solid seasonal rental history, (but could be rented year round). Perfect for passive income, as a large family vacation home, or simply a way to pay down the mortgage of your future beach home, Peekytoe Cottage offers options!
Perfect opportunity for your 1031 exchange, or enjoying the income until you decide to move in? Endless potential for this elevated ocean -front gem!
See extensive list of renovations seller has done since purchasing
The property sits at an elevation above high water mark and behind a riprap seawall to protect from flooding and erosion, and while not a federal requirement, current owners do have a FEMA insurance policy, at a very reasonable annual expense of $2,133 for both dwellings. Buyers are encouraged to seek their own advice;
Listed by Swan Agency Real Estate, Dana Moos & Christine Pemberton 207-288-5818
Sold by Coldwell Banker Realty, Stephen Eric Jennifer Erickson 207-282-5988
Details
MLS 1595740
Status Closed
Price $1,525,000
DOM 107 days
Type Single Family
Style Cottage, Other Style
Beds 8
Total Baths 4 full baths
Square Feet 2,442 sqft
Lot Size 0.18 acres
Year Built 1900
Taxes Paid $15,684
Lot & Building Features
Cooling Heat Pump
Tax Year 2023
Taxes Paid $15,684
Room Details
Basement Description Interior Entry, Unfinished, Partial
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.