Ad #7587571
MLS #1656918
A rare development opportunity on Ocean Avenue in Wells, this
835 Ocean Ave, Wells, ME 04090
$1,395,000
--Beds
--Baths
--Sqft
0.5Acres
About this property
A rare development opportunity on Ocean Avenue in Wells, this half-acre corner lot at Ocean Avenue and Eldridge Road offers exceptional flexibility just a short walk to the beach. With seasonal marsh views, public water and sewer, and a preliminary survey already completed, the groundwork is in place for a variety of redevelopment options. 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!
Property Features
0 Beds
0 Baths
0 Sqft
0.5 Acres
$5,075 / yr property tax
York County
Additional Photos
Contact Information
Anchor Real Estate
Anchor Real Estate
207-361-5007
Location
Listing Agent: Anchor Real Estate 207-361-5007
Broker: Anchor Real Estate 207-361-5007 Listing Site
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Anchor Real Estate 207-361-5007 Listing Site
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
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$1,395,000
--
Beds
--
Baths
--
Sqft
835 Ocean Ave, Wells, ME 04090
By contacting this agent you agree to these Terms and Conditions.
MLS# 1656918
A rare development opportunity on Ocean Avenue in Wells, this
$1,395,000
835 Ocean Ave, Wells, ME 04090
--
Beds
--
Baths
--
Sqft
0.5
Acres
$1,395,000
835 Ocean Ave, Wells, ME 04090
-- Beds
-- Baths
-- Sqft
0.5 Acres
A rare development opportunity on Ocean Avenue in Wells, this half-acre corner lot at Ocean Avenue and Eldridge Road offers exceptional flexibility just a short walk to the beach. With seasonal marsh views, public water and sewer, and a preliminary survey already completed, the groundwork is in place for a variety of redevelopment options. 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!
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
0.5 Acres
FINANCIAL & COMMUNITY
$5,075 / yr property tax
York County
Location
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Ad Statistics
Ad Number
7587571
Viewed
132 times
Listing Status
Active
Added
Apr 17, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Maine Listings
Source Property ID
1656918
Listing Agent: Anchor Real Estate 207-361-5007
Broker: Anchor Real Estate 207-361-5007 Listing Site
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Anchor Real Estate 207-361-5007 Listing Site
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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