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  • $549,000

    1407 US Highway 1, Prospect, ME 04981

    3beds
    1,354sqft
    : 
    Single Family Residence
    Built in 1933
    5.82 Acres Lot
    $524,900 Zestimate®
    $405/sqft
    $-- HOA

    What's special

    Breathtaking panoramic viewsLarge open groundsBeautifully landscaped groundsOriginal historic charm
    Coastal Maine gem nestled on the banks of the Penobscot River, offering 745 feet of shoreline and breathtaking panoramic views of the iconic Penobscot Narrows Bridge. This character-filled property blends history, opportunity, and natural beauty all in one. The main home features 3 bedrooms and 1¼ baths, showcasing original historic charm throughout. Great potential for reconfiguring to add larger bathrooms or expand the kitchen. The beautifully landscaped grounds, mature plantings, and riverside setting create a tranquil retreat full of possibility. Above the detached 2 car garage, with a separate back entrance, you'll find a charming 1 bedroom, 1 bathroom fully furnished apartment/in law suite with a successful Airbnb and short-term rental history, perfect for generating additional income or hosting guests. This property is perfectly positioned between the Mid Coast Maine area, and the attractions of Fort Knox Historic Site & the Penobscot Narrows Observatory, while being an easy drive to Ellsworth or Acadia National Park, attracting seasonal visitors, and outdoor enthusiasts. The large, open grounds have potential for adding seasonal cottages, food trucks, or additional short-term rentals—a smart investment opportunity in a high-traffic tourism corridor. Whether you're looking for a primary residence with income options, a seasonal vacation home, or a unique coastal business venture, this property has it all. Sellers now offering home warranty for peace of mind!
    154 days
    |
    869
    |
    73
    |

    Zillow last checked: 8 hours ago

    Listing updated: October 17, 2025 at 06:51am

    Listed by:

    Realty of Maine

    Source: Maine Listings,MLS#: 1630175MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Bedroom 1
    • Features: Closet
    • Level: Second
    • Area: 216 Square Feet
    • Dimensions: 18 x 12
    Bedroom 2
    • Level: Second
    • Area: 132 Square Feet
    • Dimensions: 11 x 12
    Bedroom 3
    • Features: Built-in Features
    • Level: Second
    • Area: 104 Square Feet
    • Dimensions: 13 x 8
    Dining room
    • Level: First
    • Area: 143 Square Feet
    • Dimensions: 13 x 11
    Kitchen
    • Level: First
    • Area: 168 Square Feet
    • Dimensions: 14 x 12
    Living room
    • Level: First
    • Area: 228 Square Feet
    • Dimensions: 19 x 12
    Sunroom
    • Level: First
    • Area: 96 Square Feet
    • Dimensions: 12 x 8
    Heating
    • Baseboard, Direct Vent Furnace, Direct Vent Heater, Forced Air, Hot Water, Zoned
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Dryer, Gas Range, Refrigerator, Washer
    Features
    • In-Law Floorplan, Shower, Storage
    • Flooring: Carpet, Laminate, Tile, Vinyl
    • Basement: Interior Entry,Full
    • Has fireplace: No
    • Furnished: Yes
    Interior area
    • Total structure area: 1,354
    • Total interior livable area: 1,354 sqft
    • Finished area above ground: 1,354
    • Finished area below ground: 0
    Video & virtual tour

    Property

    Parking
    • Total spaces: 2
    • Parking features: Paved, 11 - 20 Spaces, Garage Door Opener, Detached, Heated Garage
    • Garage spaces: 2
    Features
    • Levels: Multi/Split
    • Patio & porch: Deck
    • Has view: Yes
    • View description: Scenic
    • Body of water: Penobscot River
    • Frontage length: Waterfrontage: 745,Waterfrontage Owned: 745
    Lot
    • Size: 5.82 Acres
    • Features: Near Public Beach, Near Shopping, Level, Open Lot, Right of Way, Rolling Slope, Landscaped, Wooded
    Details
    • Parcel number: PROTM04L15
    • Zoning: Rural
    • Other equipment: Generator, Internet Access Available

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame, Vinyl Siding
    • Roof: Metal,Shingle
    Condition
    • Year built: 1933
    Details
    • Warranty included: Yes

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Private Sewer, Septic Design Available
    • Water: Private
    Green energy
    • Energy efficient items: Ceiling Fans

    Community & HOA

    Location
    • Region: Prospect

    Financial & listing details

    • Price per square foot: $405/sqft
    • Tax assessed value: $337,480
    • Annual tax amount: $3,374
    • Date on market: 7/11/2025
    • Road surface type: Paved

    Estimated market value

    $524,900

    $499,000 - $551,000

    $1,933/mo

    Price history

    Price history
    DateEventPrice
    8/9/2025Price change$549,000-6.8%$405/sqft
    Source: Maine Listings #1630175 Report a problem
    7/11/2025Listed for sale$589,000-10.5%$435/sqft
    Source: Maine Listings #1630175 Report a problem
    7/11/2024Listing removed--
    Source: Maine Listings #1580504 Report a problem
    1/16/2024Listed for sale$658,000+31.6%$486/sqft
    Source: Maine Listings #1580504 Report a problem
    6/23/2022Sold$500,000-9.1%$369/sqft
    Source: Maine Listings #1505415 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$3,375 +19.3%$337,480 +73%
    2023$2,828 +0.7%$195,020
    2022$2,808 -3.8%$195,020 +29.7%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $3,360/mo
    Principal & interest
    $2674
    Property taxes
    $494
    Home insurance
    $192

      Climate risks

      Neighborhood: 04981

      Nearby schools

      GreatSchools rating

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