Skip to content
Bean Group
Offered at $499,000Active
beds
4
baths
3
sq ft
1,354
Built
1933

1407 US Highway 1

Prospect, ME 04981

About this home

Set along 745 feet of Penobscot River shoreline, this unique coastal Maine property offers panoramic views of the iconic Penobscot Narrows Bridge, timeless character, and exceptional investment potential. Main home features 3 bedrooms and 2 baths (one on main level), blending charm w/ thoughtful modern updates. Beautifully landscaped grounds and mature plantings create a peaceful waterfront setting perfect for year-round living or a seasonal retreat. Above the detached two-car garage, with its own private entrance, is a 1-bedroom, 1-bath apartment with a previous rental history--ideal for guests, extended family, or supplemental income. Conveniently located between Midcoast and Downeast Maine, the property is just minutes from Fort Knox State Historic Site, the Penobscot Narrows Observatory, and an easy drive to Ellsworth, Mount Desert Island, and Acadia National Park. Positioned along a popular tourism corridor, the expansive grounds offer exciting possibilities for additional investment endeavors. Recent improvements include a renovated kitchen w/ new cabinetry, plumbing, and water filtration; updated bathrooms; rebuilt sunroom w/ new windows and siding; new windows in both the main home and apartment; pine tongue-and-groove finishes; garage exterior improvements; Samsung mini-split heating and cooling systems; electrical upgrades; and numerous cosmetic enhancements throughout. A rare opportunity to own a waterfront property that combines Maine history, income potential, and room to grow! Maine is calling!

Listing last checked: Listing updated:

Listed by Listing Agent · Portside Real Estate Group · MLS #1670694

Request property information

Select a document to start a request. You can add others in the form. Availability varies.

Details at a glance

Interior5 property facts
Rooms
8
Heating
Electric, Oil, Forced Air, Heat Pump, Radiant
Cooling
Heat Pump
Flooring
Carpet, Tile, Vinyl, Wood
Fireplaces
0
Building5 property facts
Style
Single Family Residence
Year built
1933
Garage
2
Foundation
Poured Concrete
Roof
Metal
Land & utilities5 property facts
Lot size
5.82 acres
Water
Well
Sewer
Private Sewer, Septic Tank
Waterfront
Y
Zoning
rural & shoreland
Financial2 property facts
Annual taxes
$3,375
Assessment year
2025

Location

Estimated monthly cost

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

Known monthly costs$2,804 / monthAdjust
Principal & interest
$2,523
Property tax
$281
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $3,375. 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.

Explore more of Prospect

Continue your search in Prospect.

Need help making sense of this home?

About 1407 US Highway 1

Can I request a private showing?

Request a tour of 1407 US Highway 1 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.