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Offered at $395,000Active
beds
5
baths
2
sq ft
1,696
Built
2007

22 Ocean Park Road #139

Saco, ME 04072

About this home

This two unit was converted into a condominium within a community of 12 condo units formerly part of the well-known Exit 5 Motel. This unique property offers an exceptional investment opportunity in a beautifully maintained seasonal resort setting. While the remaining 26 unit motel continues to operate seasonally, these condominium units are designated for year round use, making them ideal for weekly rentals throughout all seasons. Situated on 3.2 acres of beautifully landscaped grounds, the property combines flexibility, comfort, and resort style amenities. This duplex style condominium features two separate living spaces. The first floor unit offers three bedrooms and one full bath, while the second-floor unit includes two bedrooms, one bath, and a spacious private deck perfect for relaxing or entertaining guests. Owners and guests enjoy full access to the property's extensive shared amenities, including a large seasonal indoor pool, a game room, an expansive outdoor deck area with a fire pit and ample seating, and a screened in gazebo ideal for gathering and unwinding. Families will also appreciate the large fenced playground area. Whether you are looking for an income-producing investment, a vacation retreat, or a versatile year-round property with strong rental potential, this condominium offers a rare opportunity in a desirable coastal setting. Convenient to local beaches. I-95 and 20 minutes to Portland.

Listing last checked: Listing updated:

Listed by Listing Agent · RE/MAX Shoreline · MLS #1668401

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Details at a glance

Interior5 property facts
Rooms
9
Heating
K-1/Kerosene,Direct Vent Heater
Cooling
Wall Unit(s)
Flooring
Laminate
Fireplaces
0
Building5 property facts
Style
Condominium
Year built
2007
Garage
0
Foundation
Slab
Roof
Shingle
Land & utilities4 property facts
Lot size
3.2 acres
Water
Public
Sewer
Public Sewer
Zoning
MD94
Financial3 property facts
Annual taxes
$4,386
Assessment year
2024
HOA fee
$586 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $395,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,363 / monthAdjust
Principal & interest
$1,997
Property tax
$366
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $4,386. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $586. 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 22 Ocean Park Road #139

Can I request a private showing?

Request a tour of 22 Ocean Park Road #139 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.