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Listed by Better Homes and Gardens Real Estate/The Masiello Group
$ 3,400,000
14.25 Acres Lot
$ 3,400,000
14.25 Acres Lot
Key Details
Property Type Land
Listing Status Active
MLS Listing ID 1650944
HOA Y/N No
Annual Tax Amount $15,881
Tax Year 2024
Lot Size 14.250 Acres
Acres 14.25
Source Maine Listings
Property Description
This 14.25-acre parcel on Shore Road in Cape Elizabeth is indeed a rare and remarkable opportunity that is now on the market for the first time in over 120 years. Located directly across from the beach, Fort Williams Park, and the iconic Portland Head Light, this property offers prime access to scenic beauty and proximity to Portland's amenities — including just a 20-minute drive to the Portland Jetport. Engineering for a 16-unit luxury condominium development has been completed, including studies covering stormwater, sewer, utilities, density, wetlands, traffic, soil, open space, and permitting from both the Army Corps of Engineers and the Maine DEP. At the final Planning Board review of this project, 35 of the 36 Findings of Fact were approved (see attached document). Next steps with this incredible parcel would be to revive the current development proposal or explore alternative uses such as private estates.
Location
State ME
County Cumberland
Zoning RC
Exterior
Parking Features No Driveway
View Y/N No
Building
Lot Description Wooded, Near Golf Course, Near Public Beach, Near Town
Sewer Public Sewer
Water Public
Nearby Locations
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