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Offered at $489,000Under Contract
beds
3
baths
1
sq ft
869
Built
9999

LOT43+45 Reynolds Lane

Addison, ME 04606

About this home

Reynolds Bay Waterfront Estate -- 7.5± Acres, Two Cottages, Endless Potential. A rare opportunity on beautiful Reynolds Bay: 7.5± combined acres of waterfront offering both immediate enjoyment and room to grow. The centerpiece is a tastefully renovated, fully furnished three-season cottage on an improved 4± acre parcel, with an established seasonal rental history -- move in and enjoy it right away, or keep it as an income-producing investment. A second cottage on the property awaits renovation; ready to become a studio, home office, artist's retreat, bunkhouse, or guest space. The adjoining 3.5± acre waterfront parcel includes built-in road access via Reynolds Lane and electrical power already at the roadside -- a prime, approval-ready site for your future dream home. Together, the two parcels form an open waterfront field with sweeping bay views, at the end of a private road that ensures outstanding seclusion. Whether you're envisioning a year-round waterfront estate, a family sanctuary, an investment property, or a coastal retreat with room to expand, this Reynolds Bay offering delivers privacy, flexibility, and possibility in one remarkable package.

Listing last checked: Listing updated:

Listed by Listing Agent · Better Homes & Gardens Real Estate/The Masiello Group · MLS #1670354

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Details at a glance

Interior5 property facts
Rooms
6
Heating
Electric, Heat Pump
Cooling
Heat Pump
Flooring
Laminate, Hardwood
Fireplaces
0
Building5 property facts
Style
Single Family Residence
Year built
9999
Garage
1
Foundation
Stone
Roof
Composition, Shingle
Land & utilities5 property facts
Lot size
7.5 acres
Water
Private, Well
Sewer
Private Sewer, Septic Tank
Waterfront
Y
Zoning
shoreland
Financial2 property facts
Annual taxes
$5,510
Assessment year
25

Location

Estimated monthly cost

Explore costs at the $489,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,932 / monthAdjust
Principal & interest
$2,473
Property tax
$459
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $5,510. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About LOT43+45 Reynolds Lane

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Request a tour of LOT43+45 Reynolds Lane and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.