Skip to content
Bean Group
Offered at $4,995,000Active
beds
7
baths
3
sq ft
2,108
Built
1920

257 Ocean Avenue

Wells, ME 04090

About this home

An exceptional opportunity to create something truly your own on one of Southern Maine's most desirable stretches of beach. This prime building lot on Moody Beach offers a rare blank canvas for a custom dream home, magnificent family compound, or an exceptional income producing vehicle. The property currently includes two vintage cottages and a sizable outbuilding that have reached the end of their useful lives. Plans are already in place for an exquisitely designed enclave featuring two separate dwellings connected by an elegant catwalk, conceived by a renowned local architect. The design work has been completed and the permitting process is underway, providing a significant head start for the next owner. Adding to the possibilities, the offering includes three additional lots directly across the street, with serene vistas of the Ogunquit River and the ever changing salt marsh. These parcels create exciting potential for additional homes for family and friends, guest accommodations, or substantial off-street parking. The possibilities are extraordinary. Move forward with the thoughtfully conceived architectural plans already in hand, or engage your own architect to create a vision uniquely suited to your needs. And then there is Moody Beach itself. From your doorstep, walk the sand all the way to Ogunquit and enjoy everything this beloved Southern Maine coastal community has to offer. Nearby are countless casual and fine dining options, boutique shopping, galleries, summer theater, boating, golf, and unlimited recreational opportunities. Portland and Portsmouth are approximately 45 and 30 minutes away, respectively, while the charming seaside communities of York and Kennebunkport are each about 20 minutes in either direction. For those who have been waiting for the right opportunity to build an extraordinary summer escape or year-round waterfront retreat, this is a rare chance to create something truly special on Moody Beach.

Listing last checked: Listing updated:

Listed by Listing Agent · Better Homes & Gardens Real Estate/The Masiello Group · MLS #1682113

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
10
Heating
None
Cooling
None
Flooring
Other, Vinyl, Wood
Fireplaces
0
Building4 property facts
Style
Single Family Residence
Year built
1920
Garage
0
Roof
Shingle
Land & utilities5 property facts
Lot size
0.62 acres
Water
Public
Sewer
Public Sewer
Waterfront
Y
Zoning
RB
Financial2 property facts
Annual taxes
$19,127
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $4,995,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$26,851 / monthAdjust
Principal & interest
$25,257
Property tax
$1,594
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $19,127. 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 Wells

Continue your search in Wells.

Need help making sense of this home?

About 257 Ocean Avenue

Can I request a private showing?

Request a tour of 257 Ocean Avenue 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.