# 1407 US Highway 1, Prospect, ME 04981 > **TL;DR:** 4bd/3ba single family, $499,000 ($369/sqft), built 1933, 1,354 sqft. > Waterfront, A/C, 2-car garage. Est. $2,669/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $499,000 | | Price/sqft | $369 | | Bedrooms | 4 | | Bathrooms | 3 full | | Square Feet | 1,354 | | Year Built | 1933 | | Lot Size | 253,519 sqft (5.82 acres) | | Garage | 2-car | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 0 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,523 | | Estimated Insurance | $146 | | **Total** | **$2,669** | ## Key Amenities - Waterfront - A/C - 2-car garage ## Property Highlights - Built in 1933 - 5.82 acre lot - Waterfront ## Description ### Agent 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! ## Location - **Address:** 1407 US Highway 1, Prospect, ME 04981 - **County:** Waldo - **Coordinates:** 44.559728, -68.806425 - **Google Maps:** https://www.google.com/maps?q=44.559728,-68.806425 ## Listing Agent - **Name:** Erica Brooks - **Brokerage:** Swan Agency Real Estate - **Broker Phone:** (207) 288-5818 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1407-US-Highway-1_Prospect_ME_04981_M44608-09634?f=listhub&s=MREISME&m=1670694&c=propsimple) ## Photos ![1407 US Highway 1 - Photo 1](http://lh.rdcpix.com/9b10698e19976f8c4c05e48ae7078b90l-f2383874010r.jpg) ![1407 US Highway 1 - Photo 2](http://lh.rdcpix.com/9b10698e19976f8c4c05e48ae7078b90l-f2314181065r.jpg) ![1407 US Highway 1 - Photo 3](http://lh.rdcpix.com/9b10698e19976f8c4c05e48ae7078b90l-f4396026r.jpg) ![1407 US Highway 1 - Photo 4](http://lh.rdcpix.com/9b10698e19976f8c4c05e48ae7078b90l-f1534258794r.jpg) ![1407 US Highway 1 - Photo 5](http://lh.rdcpix.com/9b10698e19976f8c4c05e48ae7078b90l-f1049403858r.jpg) ![1407 US Highway 1 - 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Photo 66](http://lh.rdcpix.com/9b10698e19976f8c4c05e48ae7078b90l-f3936113314r.jpg) ![1407 US Highway 1 - Photo 67](http://lh.rdcpix.com/9b10698e19976f8c4c05e48ae7078b90l-f2728194703r.jpg) ![1407 US Highway 1 - Photo 68](http://lh.rdcpix.com/9b10698e19976f8c4c05e48ae7078b90l-f413181230r.jpg) ![1407 US Highway 1 - Photo 69](http://lh.rdcpix.com/9b10698e19976f8c4c05e48ae7078b90l-f3602157808r.jpg) ![1407 US Highway 1 - Photo 70](http://lh.rdcpix.com/9b10698e19976f8c4c05e48ae7078b90l-f1904728569r.jpg) ![1407 US Highway 1 - Photo 71](http://lh.rdcpix.com/9b10698e19976f8c4c05e48ae7078b90l-f922272075r.jpg) --- **MLS#:** 1670694 | **Updated:** 2026-10-27 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/1407-us-highway-1-prospect-me-04981-e9076d85dc4640bca222352e965c73e0) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1407-us-highway-1-prospect-me-04981-e9076d85dc4640bca222352e965c73e0#listing", "url": "https://www.propertysimple.ai/listing/1407-us-highway-1-prospect-me-04981-e9076d85dc4640bca222352e965c73e0", "name": "1407 US Highway 1, Prospect, ME 04981", "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! 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