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Offered at $1,499,000Active
beds
3
baths
2
sq ft
1,200
Built
1920

341 Ocean Avenue #1

Wells, ME 04090

About this home

Introducing ''The Happinest,'' a unique three-story, year-round detached condo with beach rights to the low water mark on one of Maine's most sought-after PRIVATE beaches. With 50 feet of owned waterfront on Moody Beach and a beautifully landscaped common area, this four-unit association offers low fees, allows rentals and pets with minimal restrictions, and has some of the lowest property taxes on the beach -- perfect for beachfront living or investment. The inviting living room provides ample space for relaxation, and the kitchen features an eat-in dining area with generous cabinet space. Your private, fenced patio invites you outdoors and just steps beyond your gate along the paver walkway are the common area and the association's private stairway onto the sandy beach. The second floor includes a bright primary bedroom with a private balcony offering ocean views, a second bedroom, a laundry station, and a full bathroom with a whirlpool tub. The third floor is an addition featuring a versatile bonus area ideal for an office or playroom with more stunning ocean views, and a third spacious bedroom totaling sleeping room for eight - which has provided a strong rental history. Features include recessed lighting and Andersen sliding glass doors. Located just minutes to a variety of dining, shopping, and entertainment options including the beautiful Ogunquit downtown. The low expenses, strong rental demand (Property Income Analysis available), private beach access, and proximity to local attractions make this property an excellent opportunity for seasonal or year-round Maine living.

Listing last checked: Listing updated:

Listed by Listing Agent · Samonas Realty · MLS #1657722

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Details at a glance

Interior5 property facts
Rooms
6
Heating
Electric, Baseboard
Cooling
None
Flooring
Carpet, Laminate
Fireplaces
0
Building5 property facts
Style
Single Family Residence
Year built
1920
Garage
0
Foundation
Block
Roof
Shingle
Land & utilities5 property facts
Lot size
0.15 acres
Water
Public
Sewer
Public Sewer
Waterfront
Y
Zoning
RB
Financial3 property facts
Annual taxes
$4,705
Assessment year
2026
HOA fee
$540 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $1,499,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$7,972 / monthAdjust
Principal & interest
$7,580
Property tax
$392
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $4,705. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $540. 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 341 Ocean Avenue #1

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Request a tour of 341 Ocean Avenue #1 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.