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Bean Group
Offered at $1,699,000Active
beds
4
baths
4
sq ft
5,180
Built
2004

299 Gates Road

Jefferson, ME 04348

About this home

Custom-built and elegantly positioned on the coveted western shore of Damariscotta Lake in Jefferson's desirable Narrows, this exceptional lakefront residence features 4 bedrooms and 3.5 baths with refined indoor-outdoor living. A gracious front porch, expansive south-facing waterside deck, and patio capture the property's stunning setting. The main level showcases an open-concept design, seamlessly blending a well-appointed kitchen, dining area, and living space, where a stone fireplace creates a warm focal point for everyday living and entertaining. The first floor also offers radiant floor heat for year-round comfort. The 1st floor primary bedroom suite enjoys tranquil water views, direct deck access, wood floors, a generous walk-in closet, and private full bath. Upstairs, a spacious family room and large bedroom with walk-in closet and full bath are complemented by sweeping lake views, along with a large unfinished space ready for customization; the second floor is heated with HWBB. The lower level provides flexible guest accommodations with two bedrooms, a full bath, kitchenette, and large living area with propane heat stove, well-suited for guests or extended family. A large laundry room provides ample storage and convenience. The home is equipped with a backup generator for added peace of mind. Set on 1.85± landscaped acres, the property includes a dock system with ladder, attached two-car garage, and detached two-car garage. Damariscotta Lake spans 14+/- miles w/ depths exceeding 100 feet, prized for clear water, recreation, and excellent fishing. The Narrows provides a quieter shoreline ideal for swimming, boating, and paddling, with abundant wildlife. Conveniently located near Camp Kieve, Wavus Camp, and Lincoln Academy. A rare opportunity to experience classic Maine lakefront living at its finest.

Listing last checked: Listing updated:

Listed by Listing Agent · Better Homes & Gardens Real Estate/The Masiello Group · MLS #1663462

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Details at a glance

Interior5 property facts
Rooms
11
Heating
Oil, Propane, Wood, Baseboard, Hot Water, Other, Radiant
Cooling
None
Flooring
Laminate, Tile, Wood
Fireplaces
1
Building5 property facts
Style
Single Family Residence
Year built
2004
Garage
4
Foundation
Poured Concrete
Roof
Metal
Land & utilities5 property facts
Lot size
1.85 acres
Water
Private, Well
Sewer
Private Sewer, Septic Tank
Waterfront
Y
Zoning
14 SL - LR
Financial3 property facts
Annual taxes
$15,036
Assessment year
2025
HOA fee
$575 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $1,699,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$9,844 / monthAdjust
Principal & interest
$8,591
Property tax
$1,253
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $15,036. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $575. The billing period was not supplied; confirm the monthly amount before adding it.

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 299 Gates Road

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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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