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.
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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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