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Offered at $3,499,000Active
beds
3
baths
5
sq ft
2,952
Built
2009

115 Perkins Cove Road

Ogunquit, ME 03907

About this home

115 Perkins Cove is a versatile four-unit mixed-use waterfront property. It includes a three-bedroom, 2.5 bath penthouse spanning the upper two levels, a ground-level oceanfront studio, and two street-level commercial units. The Penthouse is entered on the lower of its two levels, which includes a primary suite with a fireplace, full bathroom and ocean views. A second bedroom, another full bathroom and a third bedroom currently configured as a living room complete this level. Upstairs, the kitchen, dining area, fireside sitting area and sprawling water views come together in an open-concept layout. This level provides dual outdoor spaces: a deck facing the ocean and a larger deck overlooking Perkins Cove, suitable for outdoor dining and entertaining. The studio has its own entrance, deck, and fireplace, allowing it to serve as private guest accommodations or separate rental. The two commercial spaces, which are currently leased, provide a predictable and additional source of income. While not historically operated as full-time rentals, the penthouse and studio have seller-projected annual gross ST revenue of 250k - 310k. Projections are provided for informational purposes only and should be independently evaluated. Located in the heart of Perkins Cove, the property is surrounded by galleries, restaurants, shops, boat excursions and the Marginal Way, with Ogunquit's beach, village center and the Playhouse nearby. The property may be purchased separately, or together with one or both neighboring properties at 113 and 117 Perkins Cove Road. An owner could continue using the residential and commercial spaces to generate income or occupy the main residence while renting the studio and two commercial spaces. The property also offers potential for a different configuration or use over time, subject to applicable approvals. Rental history & projections available upon request.

Listing last checked: Listing updated:

Listed by Listing Agent · Compass Real Estate · MLS #1674711

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Details at a glance

Interior5 property facts
Rooms
7
Heating
Propane, Forced Air, Heat Pump
Cooling
Central Air, Heat Pump, Window Unit(s)
Flooring
Other, Tile, Wood
Fireplaces
3
Building4 property facts
Style
Single Family Residence
Year built
2009
Garage
0
Roof
Shingle
Land & utilities5 property facts
Lot size
0.07 acres
Water
Public
Sewer
Public Sewer
Waterfront
Y
Zoning
SG2
Financial2 property facts
Annual taxes
$11,717
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $3,499,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$18,669 / monthAdjust
Principal & interest
$17,693
Property tax
$976
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $11,717. 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 115 Perkins Cove Road

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Request a tour of 115 Perkins 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.