About This Home

This 4-bedroom, 3-bathroom single family at 1407 US Highway 1 in Prospect, ME is listed for $499,000 ($369 per sqft). Built in 1933, the home offers 1,354 sqft of living space on a 5.82 acres lot.

Key Features

  • Built in 1933
  • 5.82 acre lot
  • Waterfront

Property Details

3 full
2-car garage
1933

Amenities

WaterfrontA/C
Listing Description

Set along 745 feet of Penobscot River shoreline, this unique coastal Maine property offers panoramic views of the iconic Penobscot Narrows Bridge, timeless character, and exceptional investment potential. Main home features 3 bedrooms and 1.5 baths, blending charm w/ thoughtful modern updates.

Beautifully landscaped grounds and mature plantings create a peaceful waterfront setting perfect for year-round living or a seasonal retreat. Above the detached two-car garage, with its own private entrance, is a 1-bedroom, 1-bath apartment with a previous rental history--ideal for guests, extended family, or supplemental income.

Conveniently located between Midcoast and Downeast Maine, the property is just minutes from Fort Knox State Historic Site, the Penobscot Narrows Observatory, and an easy drive to Ellsworth, Mount Desert Island, and Acadia National Park. Positioned along a popular tourism corridor, the expansive grounds offer exciting possibilities for additional investment endeavors.

Recent improvements include a renovated kitchen w/ new cabinetry, plumbing, and water filtration; updated bathrooms; rebuilt sunroom w/ new windows and siding; new windows in both the main home and apartment; pine tongue-and-groove finishes; garage exterior improvements; Samsung mini-split heating and cooling systems; electrical upgrades; and numerous cosmetic enhancements throughout. A rare opportunity to own a waterfront property that combines Maine history, income potential, and room to grow! Maine is calling!

Monthly Cost Estimate

$2,669/mo

20% down · 6.5% · 30 years

Principal$361
Interest$2,162
Insurance$146

Estimates only. Actual payments may vary.

Location

1407 US Highway 1

Prospect, ME 04981

Property Details

Flooring

CarpetVinylTileWood

Construction

Wood Frame Vinyl Siding

Outdoor Features

Deck

Heating

Natural GasForced AirOther (Heating)Heat Pump (Heating)OilElectric (Heating)

Cooling

Heat Pump

Questions & Answers

This 4-bedroom, 3-bathroom single family at 1407 US Highway 1 is listed at $499,000 ($369/sqft). The estimated monthly payment is $2,669 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1933, 5.82 acre lot, Waterfront.

This property is listed by Erica Brooks.

EB

Erica Brooks

Agent at Swan Agency Real Estate

Listed by Swan Agency Real Estate · Broker phone: (207) 288-5818 · View on Broker Site · Broker website

MLS# 1670694· Source: Maine Listings· 1 day on PropertySimple

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1407 US Highway 1, Prospect, ME 04981

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