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
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Request a tour of 8 Beals Cove Road and a Bean Group agent will help coordinate an available time with the listing side.
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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