About this home
This 14.25-acre parcel on Shore Road in Cape Elizabeth is indeed a rare and remarkable opportunity that is now on the market for the first time in over 120 years. Located directly across from the beach, Fort Williams Park, and the iconic Portland Head Light, this property offers prime access to scenic beauty and proximity to Portland's amenities — including just a 20-minute drive to the Portland Jetport. Engineering for a 16-unit luxury condominium development has been completed, including studies covering stormwater, sewer, utilities, density, wetlands, traffic, soil, open space, and permitting from both the Army Corps of Engineers and the Maine DEP. At the final Planning Board review of this project, 35 of the 36 Findings of Fact were approved (see attached document). Next steps with this incredible parcel would be to revive the current development proposal or explore alternative uses such as private estates.
Listing last checked: Listing updated:
Listed by Listing Agent · Better Homes and Gardens Real Estate/The Masiello Group · MLS #1650944
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Details at a glance
Building1 property facts
- Style
- Other
Land & utilities4 property facts
- Lot size
- 14.25 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- RC
Financial2 property facts
- Annual taxes
- $15,882
- Assessment year
- 2024
Location
Estimated monthly cost
Explore costs at the $3,400,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$18,516 / monthAdjust
- Principal & interest
- $17,192
- Property tax
- $1,323
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $15,882. 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 00000 Shore Road
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Are property documents available?
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