UNDER CONTRACT, showings will continue
An Oceanfront Property Located on Camp Ellis Beach in Saco, Maine
This property is ideal for a buyer with a large family or buyer looking for a large vacation home. With the capability of sleeping 19, with 8 bedrooms, 4 baths, this makes a wonderful multi-family vacation home. Currently an investment with a strong rental history, a buyer could continue the rentals and enjoy a nice passive income that pays for the mortgage. Currently rented seasonally, Peekytoe Cottage could be rented year round. Maine winters are GORGEOUS and milder on the beach, snowfalls are magical! Grab your snowshoes and enjoy the view! The cottage conveys fully furnished.
Offered at $1,595,000
Peekytoe Cottage at a Glance
- 39 Lower Beach Rd. Saco, ME 04072
- Lot size: 0.18 acres
- Water frontage: 75 feet on Camp Ellis Beach, Saco Bay, Atlantic Ocean
- Map 2, Lot 086
- Zoning CE (Camp Ellis District), Shoreland overlay
- Book 18399, Page 601-602, York County Registry of Deeds
- 2023 -2024 Tax Bill: $15,093
- Main house built in 1900 (reconstructed, put on a new foundation and moved in 2007 to its current location); Carriage House built circa 1900; much of the Carriage House was renovated more recently
- Approx. 2,500 sf total
- 8 bedrooms, 4 full baths, sleeps a total of 19 in 10 beds
- Floors: beautiful hardwoods
- Decks: 2nd and 3rd floors
- Patio: ground level pavers
- Utilities: propane, public water & sewer
- Heat: direct vent and heat pump (fuel – propane and electric)
- A/C: mini splits/heat pumps (2022)
- Hot Water: propane on demand
- Two sets of washers/dryers (one in each building)
- Roofing: composition shingle (2022)
- Exterior: vinyl siding
- Asphalt parking for 4 cars with room to expand
- Garage with one space (great for storage, kayaks, bikes, etc)
- Outdoor shower (hot and cold)
- Basement under Carriage House: full, unfinished
- Foundation – Main House: Post/Pier
- House is fully seasonal and suitable for year round use (currently only rented seasonally by choice)
Maine winters are GORGEOUS and milder on the beach, snowfalls are magical! Grab your snowshoes and enjoy the view!
Location
Lot 86 is in both X and VE zones. The buildings are in X, some of the land/private beach is in VE. From the CoreLogic report, the buildings sit back 125-150′ from the water and 15 feet above, presenting lower flood risk
The property sits at an elevation above high water mark and behind a riprap seawall to protect from flooding and erosion, and while not a federal requirement, flood insurance might be required with bank financing. Current owners do have a FEMA insurance policy, at a very reasonable annual expense of $2,133 for both dwellings. Buyers are encouraged to seek their own advice.
This CoreLogic data came directly from the insurance agent.