Willard Beachfront Estate with Panoramic Ocean Views.
Welcome to this rare beachfront gem located in South Portland's highly desirable Willard Beach neighborhood. This property offers a luxurious coastal lifestyle with two distinct homes—a fully remodeled four+ bedroom main residence and a charming three-bedroom guest house- plus a possible buildable lot.
Perfect family compound.
The main home was completely remodeled in the spring of 2022 and is designed to capture the beauty of the ocean from nearly every angle. The primary bedroom suite offers a serene escape with its own sitting area, an electric fireplace, ensuite bath, and a hidden office tucked discreetly behind the scenes—all showcasing sweeping views of the beach and Casco Bay. The open-concept kitchen, living room, and dining area are anchored by a dramatic gas fireplace and feature unobstructed views of the islands, Spring Point Lighthouse, and passing cruise ships. You'll fall asleep to the soft sounds of the ocean and on cloudy days be gently hypnotized by the moody foghorn.
Upstairs, a bonus room over the garage provides flexible space for a gym, or creative studio. Also on the second floor is a partial kitchen with sitting area—ideal for guests or entertaining. The main level includes a wrap-around deck for indoor-outdoor living. A two-car heated garage, whole-house generator, radiant heat on the first floor, and efficient heat pumps throughout ensure year-round comfort.
Included in the offering is a smaller, separate home featuring three bedrooms, a bath and 1/2 . With hardwood floors and a woodstove.
This unique beachfront home is located within walking distance of SMCC, the Greenbelt Trail, Spring Point Marina, local shopping and dining favorites. Whether you're seeking a peaceful seaside residence or a property with exceptional potential. A one-of-a-kind opportunity on the Maine coast. Broker owned.
Active
Price cut: $200K (10/15)
$3,900,000
1 & 9 Franklin Terrace, South Portland, ME 04106
7beds
4,300sqft
Est.:
Single Family Residence
Built in 1990
0.55 Acres Lot
$3,729,300 Zestimate®
$907/sqft
$-- HOA
What's special
Dramatic gas fireplacePanoramic ocean viewsWrap-around deck
- 196 days |
- 1,216 |
- 22 |
Zillow last checked: 8 hours ago
Listing updated: October 14, 2025 at 06:25pm
Listed by:
F.O. Bailey Real Estate
Source: Maine Listings,MLS#: 1624824
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Primary bedroom
- Features: Balcony/Deck, Closet, Full Bath, Heat Stove, Suite
- Level: Second
Bedroom 1
- Level: First
Bedroom 2
- Level: First
Bedroom 2
- Level: Second
Bedroom 4
- Level: Second
Bedroom 5
- Level: Second
Bedroom 6
- Level: Second
Other
- Level: Second
Dining room
- Level: First
Great room
- Level: Second
Kitchen
- Level: First
Kitchen
- Level: Second
Living room
- Features: Gas Fireplace, Heat Stove
- Level: First
Office
- Level: Second
Heating
- Baseboard, Heat Pump, Hot Water, Radiant, Wood Stove
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Gas Range, Refrigerator, Washer, Tankless Water Heater
Features
- 1st Floor Bedroom, Attic, Bathtub, In-Law Floorplan, One-Floor Living, Pantry, Shower, Storage, Walk-In Closet(s), Primary Bedroom w/Bath
- Flooring: Laminate, Tile, Vinyl, Wood
- Doors: Storm Door(s)
- Windows: Storm Window(s)
- Basement: Interior Entry,Other,Sump Pump,Unfinished
- Number of fireplaces: 2
Interior area
- Total structure area: 4,300
- Total interior livable area: 4,300 sqft
- Finished area above ground: 4,300
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Other, Paved, 1 - 4 Spaces, 5 - 10 Spaces, On Site, Garage Door Opener, Heated Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: Other Accessibilities
Features
- Levels: Multi/Split
- Patio & porch: Deck
- Has view: Yes
- View description: Scenic
- Body of water: Atlantic Ocean
- Frontage length: Waterfrontage: 211.93,Waterfrontage Owned: 211.93,Waterfrontage Shared: 211
Lot
- Size: 0.55 Acres
- Features: Irrigation System, Near Public Beach, Near Shopping, Near Town, Neighborhood, Level, Landscaped
Details
- Additional structures: Shed(s)
- Zoning: A
- Other equipment: Cable, Generator, Internet Access Available
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Wood Frame, Composition, Other, Vinyl Siding
- Foundation: Slab
- Roof: Fiberglass,Shingle
Condition
- Year built: 1990
Utilities & green energy
- Electric: Circuit Breakers, Generator Hookup
- Sewer: Public Sewer
- Water: Public
Green energy
- Water conservation: Whole House Fan
Community & HOA
Community
- Security: Fire System, Security System
Location
- Region: South Portland
Financial & listing details
- Price per square foot: $907/sqft
- Annual tax amount: $36,796
- Date on market: 6/1/2025
- Road surface type: Paved
Estimated market value
$3,729,300
$3.54M - $3.92M
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2025 | Price change | $3,900,000-4.9%$907/sqft |
Source:  Maine Listings #1624824 Report a problem | ||
| 8/28/2025 | Price change | $4,100,000-17.9%$953/sqft |
Source: Maine Listings #1624824 Report a problem | ||
| 6/1/2025 | Listed for sale | $4,995,000$1,162/sqft |
Source: Maine Listings #1624824 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$19,738/mo
Principal & interest
$15123
Property taxes
$3250
Home insurance
$1365
Climate risks
Neighborhood: 04106
Nearby schools
GreatSchools rating
- 9/10Dora L Small Elementary SchoolGrades: K-5Distance: 0.2 mi
- 7/10Daniel F. Mahoney Middle SchoolGrades: 5-8Distance: 1.2 mi
- 6/10South Portland High SchoolGrades: 9-12Distance: 2.4 mi
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