- beds
- 3
- baths
- 4
- sq ft
- 2,350
- Built
- 2026
131 Summit Terrace #7
South Portland, ME 04106
About this home
The location doesn't get much better than Summit Terrace Condominiums in South Portland's sought-after Willard Beach area. Nestled beside city-owned conservation property on three sides, these beautiful three-story condominiums offer a private setting backing up to woods with trails. This condominium features an elevator serving all three floors and an oversized one-car garage. Allowance packages for fixtures, flooring, and appliances offer opportunities to personalize your home. The ground floor offers flexible space for an efficiency or in-law setup, complete with a bathroom, kitchenette, and patio. The second floor features a living room with a fireplace and access to a covered balcony, along with a kitchen, dining room, office, and half bath. Upstairs, the spacious primary suite includes an en suite bath, a large walk-in closet, and a private balcony. A second bedroom with its own bath and a conveniently located laundry room complete the third floor. Heat pumps provide heating and air conditioning, supplemented by backup heat. Enjoy a private coastal retreat with beaches, waterfront trails, and neighborhood gathering spots close to home. Spring Point Marina, the SMCC campus, Willard Beach, Willard Square, and Bug Light are all within walking distance. The property even features its own little duck pond in the backyard. Six units are currently framed in this building, with three sold or under contract and three still available.
Listing last checked: Listing updated:
Listed by Listing Agent · F.O. Bailey Real Estate · MLS #1683061
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Details at a glance
Interior5 property facts
- Rooms
- 7
- Heating
- Electric, Baseboard, Heat Pump, Hot Water, Zoned
- Cooling
- Heat Pump
- Flooring
- Other, Tile, Wood
- Fireplaces
- 1
Building5 property facts
- Style
- Townhouse
- Year built
- 2026
- Garage
- 1
- Foundation
- Poured Concrete
- Roof
- Fiberglass, Shingle
Land & utilities4 property facts
- Lot size
- 2.14 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- R-2
Financial3 property facts
- Annual taxes
- $12,000
- Assessment year
- 2026
- HOA fee
- $440 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $947,872 asking price. Adjust the assumptions to your situation.
Known monthly costs$5,793 / monthAdjust
- Principal & interest
- $4,793
- Property tax
- $1,000
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $12,000. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $440. 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 131 Summit Terrace #7
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Request a tour of 131 Summit Terrace #7 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?
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