2 days ago
Gorgeous beach compound in surprising location lists for $5m in 'one-of-a-kind opportunity'
There aren't many places where you can live steps away from the beach, while staying moments from the hustle and bustle of city life.
But, a beach-front property in Maine gives buyers the best of both worlds.
The compound, which was listed on June 2, sits on half an acre of land just off of Willard Beach in South Portland. It consists of two homes; a main five-bedroom estate and a three-bedroom guest house, with five bathrooms across the entire property.
The price tag for the over 4,300 square feet comes in at just under $5 million.
Most beachfront properties of this size, especially in Maine, would be isolated on an island or secluded in a coastal town. Instead, new homeowners could enjoy nature trails, beaches, marina and local shopping, dining and nightlife right outside of their front door.
Listing agent Anne Ross-Murray called it a 'one-of-a-kind opportunity on the Maine coast.'
According to the listing on Ross-Murray's website, the main home was newly remodeled in 2022 and offers views of the beach and nearby Casco Bay.
It was 'designed to capture the beauty of the ocean from nearly every angle.'
Amenities include a heated two-car garage, expansive yard, wrap-around deck and patio, and whole-house generator.
The hybrid location is perfect for anyone 'seeking a peaceful seaside residence or a property with exceptional potential,' wrote Ross-Murray.
Former Southern Maine Community College President Wayne Ross, Ross-Murray's father, lived in the house for over 20 years. He bought the guest house in 2000 and retired from his position in 2002. Ross died in 2016.
His daughter lived on the property following her father's death. But now she's chosen to sell it and downsize.
She told Bangor Daily News: 'He loved the property.
'He'd sit out front, and when people walked by he'd ask them to come in. It was his pride and joy.'
She said he also enjoyed being close to the four-acre, city-owned Willard Beach and threw the annual beach party for many years.
While the price tag is a hefty one, especially for the area, Ross-Murray was confident it reflected the rare location. She told local outlets that when searching for a comparable property, she and her associates came back empty-handed.
According to Redfin, the median price of a home in South Portland is $637,500. Though it's the highest it's been in the last five years, a $5 million listing is still an anomaly.
The next closest listing is a 2,060 square foot home that's asking for half the price.
But to Ross-Murray no other South Portland can compare to the location, amenities, and legacy of her family compound.
