835 Ocean AVE Wells, ME 04090
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1656918
Construction Status Proposed,Raw Land
HOA Y/N No
Tax Year 2025
Lot Size 0.500 Acres
Acres 0.5
Source Maine Listings
Property Description
Subject to local approvals, buyers may choose to replace the existing structure with a new single-family home or duplex, subdivide the parcel into three single-family lots, or create two conforming lots--each capable of supporting a single-family home or duplex. Depending on the approach, the site may offer the potential for as many as four total units.
This flexibility creates multiple potential exit strategies, including build-and-sell, condominium development, long-term hold, or owner-occupancy with additional units for resale or income. Based on its potential yield of up to four units, the property represents an attractive land basis per possible unit relative to other coastal opportunities. Potential future changes to accessory dwelling unit (ADU) regulations may further enhance the property's versatility and overall value.
Few properties in Wells offer this combination of location, infrastructure, and development potential so close to the coast. 835 Ocean Avenue presents a unique opportunity to unlock value in one of southern Maine's most desirable beachside markets. Call today for more information!
Location
State ME
County York
Zoning RB
Direction Interstate 95 to Wells Exit #19, Route 109 east to Route 1, Route 1 south for approximately 2.2 miles to Eldridge Road on right and then follow Eldridge Road .7 mile to Ocean Ave on right. 835 Ocean Avenue is on the corner of Eldridge and Ocean Avenue.
Exterior
Parking Features Gravel, 5 - 10 Spaces, On Site
Waterfront Description Nearby,Public
View Scenic
Building
Lot Description Near Country Club, Near Public Beach, Corner Lot, Level, Open Lot
Water Public
Construction Status Proposed,Raw Land
Schools
School District Wells-Ogunquit Csd
Others
Tax ID WLLS-000115-000000-000163
NEARBY SCHOOL & BUSINESS
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