$1,395,000
A rare offering on Ocean Avenue in Wells —this half-acre corner lot at Ocean Avenue and Eldridge Road brings together location, size, and opportunity in a way few properties can. Just a short stroll from the beach, with seasonal marsh views and easy access to all that the Wells-Ogunquit area… Read More has to offer, this location is truly unmatched. With public water, sewer, and a preliminary survey already in place, the foundation is set for this property's next chapter. There are multiple directions a buyer might take. One option is to start fresh—replacing the existing structure with a striking new single-family home or a duplex-style design that maximizes the lot. Another is to subdivide into three smaller parcels, each suitable for its own single-family residence. Or, the property could be divided into two larger conforming lots, each capable of supporting a more moderately sized single-family home or a duplex, opening the door to as many as FOUR units in total. Equally appealing are the various exit strategies. You might choose to live in one home and sell the others, create a collection of coastal condominiums, or hold the property as a long-term investment. Should upcoming ordinance changes regarding accessory dwelling units (ADUs) be approved, even greater versatility and value could be unlocked. Opportunities of this scale rarely surface this close to the coast in Wells. 835 Ocean Avenue is more than land—it's a blank canvas for investors, developers, and homeowners alike. The chance is here; the possibilities are endless. Call today to discuss this unique opportunity further! Read Less
Courtesy of Anchor Real Estate 207-361-5007
Listing Snapshot
Days Online
43
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
884
Lot Size
0.5 Acres
Year Built
1935
MLS Number
1639425
Additional Details
Property Access
Road Surface Type: "Paved"
Appliances & Equipment
Appliances: "Washer", "Refrigerator", "Gas Range"
Basement
Basement: "Interior", "Full", "Bulkhead", "Unfinished"
Building
Architectural Style: "Ranch", Building Area Source: Public Records, Building Area Total: 884, Construction Materials: "Vinyl Siding", "Wood Frame", Year Built: 1935
Cooling
Cooling: "None"
Exterior Features
Other Equipment: "Internet Access Available", "Cable"
Floors
Flooring: "Wood"
Foundation
Foundation Details: "Stone", "Concrete Perimeter"
Heating
Heating: "Forced Air", Heating Included
Interior Features
Features: "1st Floor Bedroom", "Attic", "One-Floor Living", "Storage"
Laundry
Features: "Laundry - 1st Floor", "Main Level"
Lot
Features: "Open", "Corner Lot", "Level", "Near Golf Course", "Near Public Beach", "Near Shopping", 0.5 acres, Area: 0.5, 21,780 square feet
Parking
Features: "5 - 10 Spaces", "Gravel", "On Site"
Pets Policy
Pets Allowed: "No Restrictions"
Property
Other Structures: "Shed(s)", Parcel Number: WLLS-000115-000000-000163, Property Sub Type: Single Family Residence, View: "Scenic", Zoning: RB
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $4,589, Tax Lot: 163
Utilities
Electric: "Fuses", Water Source: "Public"
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Malachi Winslow
REALTOR®
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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