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Bean Group
Offered at $3,300,000Active
beds
7
baths
5
sq ft
4,300
Built
1990

1 & 9 Franklin Terrace

South Portland, ME 04106

About this home

An exceptional and increasingly rare offering in South Portland's coveted Willard Beach neighborhood. Two homes 1 Franklin recently remodeled- 4+bedrooms, 3 full baths. 9 Franklin in need of some TLC, 3 bedrooms 2 baths. Now presenting potential for a development (subject to approvals), or an extraordinary multi-generational family compound directly on the beach. Set on a premier waterfront site with sweeping views of Spring Point Ledge Lighthouse, Casco Bay, and the islands, this unique property includes two residences positioned to capture the beauty and energy of Maine's coastline from multiple perspectives. The larger home, recently remodeled, offers four to five bedrooms and expansive living spaces designed to maximize ocean views and natural light. Wake to sunrises over Casco Bay, watch working boats pass through the harbor, and experience true waterfront living from nearly every vantage point. The second residence enjoys its own distinct outlook across the ocean, creating flexibility for guest accommodations, rental income, or extended family living. If utilized as a private compound, there is also potential for an additional buildable lot located in front of the smaller residence, creating the rare opportunity for three separate living spaces -- the primary home, guest residence, and an additional homesite (subject to approvals).

Listing last checked: Listing updated:

Listed by Listing Agent · F.O. Bailey Real Estate · MLS #1624824

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Details at a glance

Interior5 property facts
Rooms
14
Heating
Electric, Other, Wood, Baseboard, Heat Pump, Hot Water, Radiant, Wood Stove
Cooling
Wall/Window Unit(s), Heat Pump
Flooring
Laminate, Tile, Vinyl, Wood
Fireplaces
2
Building5 property facts
Style
Single Family Residence
Year built
1990
Garage
2
Foundation
Slab
Roof
Fiberglass, Shingle
Land & utilities5 property facts
Lot size
0.55 acres
Water
Public
Sewer
Public Sewer
Waterfront
Y
Zoning
A
Financial2 property facts
Annual taxes
$41,000
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $3,300,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$20,103 / monthAdjust
Principal & interest
$16,687
Property tax
$3,417
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $41,000. 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 1 & 9 Franklin Terrace

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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

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