South Portland
$3,900,000
1 & 9 Franklin Terrace
mls: 1624824
Bedrooms: 7
Bathrooms: 5
Year Built: 1990
Sq Footage: 4,300
Lot Size: 0.55
Taxes: $36,796
Status: Active Under Contract

An exceptional and increasingly rare offering in South Portland's coveted Willard Beach neighborhood -- now presenting potential for a 12+-unit condominium development (subject to approvals), or an extraordinary multi-generational family compound directly on the beach.

Listed by: F.O. Bailey Real Estate

An exceptional and increasingly rare offering in South Portland's coveted Willard Beach neighborhood -- now presenting potential for a 12+-unit condominium development (subject to approvals), or an extraordinary multi-generational family compound directly on the beach. Set on a premier waterfront site with sweeping views of Spring Point Ledge Lighthouse, Casco Bay, and the islands, this unique property includes two residences positioned to capture the beauty and energy of Maine's coastline from multiple perspectives. The larger home, recently remodeled, offers four to five bedrooms and expansive living spaces designed to maximize ocean views and natural light. Wake to sunrises over Casco Bay, watch working boats pass through the harbor, and experience true waterfront living from nearly every vantage point. The second residence enjoys its own distinct outlook across the ocean, creating flexibility for guest accommodations, rental income, or extended family living. If utilized as a private compound, there is also potential for an additional buildable lot located in front of the smaller residence, creating the rare opportunity for three separate living spaces -- the primary home, guest residence, and an additional homesite (subject to approvals).

Listed by: F.O. Bailey Real Estate

Above Grade Finished Area
4300.00
Accessibility Features
Other Accessibilities
Appliances
Architectural Style
Bungalow
Basement
Interior Entry
Bathrooms Full
4
Bathrooms Half
1
Bathrooms Total Integer
5
Bedrooms Total
7
Below Grade Finished Area
0.00
Body Type
Building Area Total
4300.00
Construction Materials
Cooling
Heat Pump
Cooling Yes/No
1
Electric
Circuit Breakers, Generator Hookup
Exterior Features
Fireplaces Total
2
Flooring
Laminate, Tile, Vinyl, Wood
Foundation Details
Garage Spaces
2.00
Garage Yes/No
1
Green Energy Efficient
Heating
Baseboard, Heat Pump, Hot Water, Radiant, Wood Stove
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Lot Size Acres
0.5500
Other Equipment
Other Structures
Shed(s)
Parking Features
Patio And Porch Features
Deck
Pets Allowed
Property Condition
Roof
Fiberglass, Shingle
Sewer
Public Sewer
Tax Annual Amount
36796.00
Utilities
Water Body Name
Atlantic Ocean
Water Source
Public
Waterfront Yes/No
1
Year Built
1990
Zoning
A