315 Island Beach Road Wells, ME

$3,950,000
Acres 0.30
Photo of 315 Island Beach Road Wells ME 04090




Description

Exclusive Oceanfront Lot in prime Drake's Island location. Discover the perfect canvas for your dream coastal retreat with this prestigious beachfront lot that has stood the test of time. Weathering storms without damage, this location is located in one of Maine's most sought-after locations. Nestled along a pristine stretch of shoreline, this expansive property offers breathtaking panoramic ocean views, direct beach access, and unparalleled privacy—a rare opportunity in today's market. Property Highlights: • Prime Location: Situated in a highly desirable and exclusive coastal enclave, just minutes from charming seaside towns, fine dining, and boutique shopping. • Spectacular Views: Enjoy uninterrupted vistas of the Atlantic Ocean, where sunrises paint the sky, and waves provide a soothing soundtrack. • Direct Beach Access: Step from your backyard onto soft sandy shores, perfect for morning walks, sunbathing, or water activities. • Spacious Lot: Ample acreage to design a custom luxury home, guesthouse, or private retreat, all while preserving privacy and maximizing oceanfront exposure. • Investment Potential: A rare offering in an area known for high property values, making this an exceptional investment opportunity. The offer includes a current DEP building permit with underground utilities in place for town sewer, water, and electricity. Included are house plans from a local prominent builder for a luxurious 7-bedroom, 5.5-bathroom home with 5,373 square feet of living space. The spacious decks provide an ideal setting to entertain friends and family while unwinding after a day at the beach. Come make your memories on Drake's Island. The opportunity is available to join the Drake's Island Improvement Association; a great place for family and friends to get to know other residents.


Listed by Coldwell Banker Realty, Catherine Bame 207-967-9900

Details

MLS 1615667
Status Active
Price $3,950,000
DOM 70 days
Type Lot/Land
Lot Size 0.30 acres
Taxes Paid $19,519

Lot & Building Features

Tax Year 2025
Taxes Paid $19,519

Map

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Financing

$
20%
0.49415189873418%
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.