About this home
Historic Grist Mill with Water Rights - East Union Village Step into a piece of Maine history with this iconic grist mill, set on approximately 2 acre tranquil Mill Pond in the heart of East Union Village. With over 3,200 square feet of space, the building offers endless potential--whether for continued production, retail use, studio space, or storage. Operating as a grist mill since the early 1800s and grinding flour for the past 40 years, this property is steeped in tradition and remains a vital part of the community's identity. The property includes the mill building itself, the surrounding lot, and the dam at the mill, as well as additional land between Lermond Pond and Mill Pond, including the dam at that location. Crucially, the property conveys with historic water rights between Alford Lake and Lermond Pond, underscoring the owner's role in maintaining the water levels across this watershed area--a legacy of stewardship that continues today. This rare offering presents a unique opportunity to own a remarkable and picturesque property in need of restoration with both commercial potential and environmental significance. For additional information, please watch the video and call today!
Listing last checked: Listing updated:
Listed by Listing Agent · Lone Pine Real Estate Company · MLS #1667898
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Details at a glance
Interior3 property facts
- Heating
- None
- Cooling
- None
- Flooring
- Wood
Building4 property facts
- Style
- Industrial
- Year built
- 1850
- Foundation
- Stone, Pillar/Post/Pier
- Roof
- Composition
Land & utilities5 property facts
- Lot size
- 0.36 acres
- Water
- Private, Well
- Sewer
- Private Sewer, Septic Needed
- Waterfront
- Y
- Zoning
- Rural
Financial2 property facts
- Annual taxes
- $1,674
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $299,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,651 / monthAdjust
- Principal & interest
- $1,512
- Property tax
- $140
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $1,674. 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 168 Payson Road
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Request a tour of 168 Payson Road 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.

