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0 Ocean Avenue , Wells, ME 04090

$695,000
  • 0 Ocean Avenue , Wells, ME 04090 Main Photo

18 Total Photos [Click to View All]

New to the Market Active
LOT SIZE 0.230 acres MLS#1661952
STATUSActive PROPERTY TYPELand - Lot/Land SCHOOLWells-Ogunquit CSD

Property Description

A rare opportunity to secure a proposed vacant parcel on Ocean Avenue in Wells just a short walk to Wells Beach. Comprised of approximately .23 acres, this offering provides an exceptional chance to build in one of southern Maine's most sought-after coastal neighborhoods. With public water and sewer available and the potential for seasonal marsh views, the property offers immediate appeal for builders, investors, or buyers looking to create a custom coastal residence close to the beach.Subject to local approvals, the parcel may support the construction of a new single-family residence or duplex allowing for up to two residential units. This flexibility creates several potential strategies including personal use, vacation ownership, long-term rental income, condominium conversion, build-and-sell opportunities, or a long-term investment hold. Potential future changes to accessory dwelling unit (ADU) regulations may further enhance the property's versatility and value.The referenced parcel division is being utilized strictly for marketing purposes and has not been formally created or recorded. Buyers also can purchase the entire undivided parcel, which may offer expanded redevelopment possibilities similar to those described above, including the potential for additional lot configurations and increased overall unit yield, subject to local approvals. Few opportunities in Wells offer this combination of location, infrastructure, and redevelopment potential so close to the coast. Call today for more information!

0 Ocean Avenue | MLS# 1661952

This land located at 0 Ocean Avenue , Wells, ME 04090 is currently listed for sale with an asking price of $695,000. The property has approximately 0.23 Acres. Ocean Avenue is located within the Wells-Ogunquit CSD school district. Search Wells real estate on www.vacationlandrealtymaine.com today.

Property Features

Property Type: Land - Lot/Land
Lot Size: 0.23 Acres
Taxes: $5,075

Feature Descriptions

Electric: No Electric
Lot: Near Country Club, Near Public Beach, Level, Open Lot
Parking: Gravel,5 - 10 Spaces, On Site
Road Surface: Paved
Sewer: Public Sewer
Special View Info: Scenic
Water: Public

Local Schools

School District: Wells-Ogunquit CSD

Listed By / Shown By

Listed By

Agency Name: Anchor Real Estate
Agency Phone: 207-361-5007

Shown By

Agency Title: Jean Jenkins - Vacationland Realty
Agency Phone: (207) 745-4522

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Estimate Your Payment

Estimated Payment

$ 2,172.39 per month $1,546.77 Principal & Interest $422.92 Property Tax $202.71 Homeowner's Insurance

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