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835 Ocean Avenue

Wells

$1,395,000

beds   ·   baths   ·   0 sqft   ·   0.5 acres   ·   taxes: $4,589   ·   MLS#: 1639429

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 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!

MORE DETAILS

Structure

  • Electric : No Electric

Site

  • Water Source : Public
  • View : Scenic
  • Sewer : Public Sewer
  • Zoning : RB
  • Road Surface Type : Paved
Listing provided by Anchor Real Estate

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy