About This Home

This 4-bedroom, 2-bathroom single family at 481 Drakes Island Road in Wells, ME is listed for $1,799,000 ($1,606 per sqft). Built in 1900, the home offers 1,120 sqft of living space on a 0.23 acres lot.

Key Features

  • Built in 1900
  • 0.23 acre lot
  • Fireplace

Property Details

2 full
1900

Amenities

FireplaceA/C
Listing Description

DRAKES ISLAND - Set back from the road under a stand of mature pines that gave the cottage its name, Pine Cottage has been in the same family since the 1930's. Just moments from the sandy shores of Drakes Island Beach, this inviting home captures the essence of Maine living with a bright front porch and sunroom, welcoming outdoor spaces, and easy access to the area's natural beauty.

The home offers 4 bedrooms, 2 baths, and an oversized, surveyed lot with room for lawn games and expansion. Pine Cottage lives large with an open concept first floor plan, including a dining room that has hosted four generations of the same family. Built in 1900, the cottage is believed to be one of the original homes on Drakes Island, and at one point, served as the community house for the 1920's island colony.

The Drakes Island Improvement Association offers recreational facilities including clubhouse, classes, day camp and tennis. Membership is optional at $200 per year. This charming coastal retreat delivers an exceptional location near beaches, nature preserves, local restaurants, and all that Wells and the Southern Maine coast have to offer.

Enjoy morning walks by the ocean, relaxing afternoons on the deck, and breathtaking sunsets in one of Maine's most sought-after beach communities. A rare opportunity to own a piece of the Maine coast in a premier Wells location. For more information, contact listing agents Margaret Mitchell and Sharon Beaudoin of Coldwell Banker Yorke Realty.

Monthly Cost Estimate

$9,621/mo

20% down · 6.5% · 30 years

Principal$1,301
Interest$7,796
Insurance$525

Estimates only. Actual payments may vary.

Location

481 Drakes Island Road

Wells, ME 04090

Property Details

Flooring

Wood

Construction

Wood Frame Shingle Siding

Pool Features

DeckPorch

Heating

Propane (Heating)

Cooling

Wall Unit(s)

Questions & Answers

This 4-bedroom, 2-bathroom single family at 481 Drakes Island Road is listed at $1,799,000 ($1,606/sqft). The estimated monthly payment is $9,622 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.23 acre lot, Fireplace.

This property is listed by Margaret Mitchell and can be reached at 2077523489.

MM

Margaret Mitchell

Agent at Coldwell Banker Yorke Realty

(207) 752-3489

Listed by Coldwell Banker Yorke Realty · View on Broker Site

MLS# 1666252· Source: listhub· Listed today

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481 Drakes Island Road, Wells, ME 04090

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