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Bean Group
Offered at $1,150,000Active
beds
—
baths
4
sq ft
3,724
Built
1980

8 Beals Cove Road

Harpswell, ME 04066

About this home

Waterfront living, income-producing potential, and exceptional versatility come together at this unique Orr's Island property. Set on a private, expansive parcel with tidal waterfrontage, this well-maintained multi-unit property offers a rare opportunity to enjoy the benefits of coastal Maine while also generating rental income and utilizing substantial additional commercial-style space. The property features refreshed residential units, including a desirable two-bedroom first-floor unit that offers an especially appealing opportunity for an owner occupant. Step directly from the unit onto a large private deck overlooking the spacious yard, creating an ideal setting for morning coffee, entertaining, or simply enjoying the peace and privacy of the property. The generous acreage, expansive yard, paved parking, and secluded setting provide a level of space and flexibility that is increasingly difficult to find on the islands. Adding even more value is the large detached heated shop/garage, equipped with large bay doors and substantial interior space. Whether used for equipment, vehicles, storage, a workshop, business operations, or additional income generation, this building provides an exceptional amount of flexibility. The space is currently utilized by a local landscaping business, providing an additional source of rental income. Beyond the buildings, the property's waterfront setting and private location provide a distinctly coastal Maine lifestyle, while its proximity to the amenities and attractions of Orr's Island and the surrounding Harpswell islands keeps you connected to everything the area has to offer. Whether you're looking to live on-site while offsetting expenses with rental income, expand an existing investment portfolio, operate a business from the property, or take advantage of the property's multiple income-producing components, this is an opportunity that offers an uncommon combination of residential, commercial, and recreational potential.

Listing last checked: Listing updated:

Listed by Listing Agent · CORE · MLS #1682496

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Details at a glance

Interior3 property facts
Heating
Electric, Oil, Baseboard, Hot Water, Radiant
Cooling
None
Flooring
Carpet, Vinyl
Building5 property facts
Style
Other
Year built
1980
Garage
2
Foundation
Poured Concrete
Roof
Shingle
Land & utilities5 property facts
Lot size
1.71 acres
Water
Private, Well
Sewer
Private Sewer, Septic Tank
Waterfront
Y
Zoning
SR
Financial2 property facts
Annual taxes
$4,085
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $1,150,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$6,155 / monthAdjust
Principal & interest
$5,815
Property tax
$340
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $4,085. 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 8 Beals Cove Road

Can I request a private showing?

Request a tour of 8 Beals Cove Road 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.