For the first time since 1940, 'Althea'—one of the original Moody Beach cottages—is available for sale, and it's ready to write its next chapter.
This rare coastal treasure offers 2,784 square feet of flexible living, including 5 bedrooms, 3 full baths, and an oversized deck perfect for gathering, lounging, or stargazing. Nestled just steps from the private beach access reserved for waterfront residents, this home blends the warmth of a close-knit beach community with the serenity of your own coastal escape.
Set up as a versatile two-unit property, you have endless options: live in one side and rent the other, welcome extended family with comfort and privacy, or maximize rental potential in a highly sought-after location. With ample parking and modern upgrades woven into its original charm, this property is as functional as it is nostalgic.
Whether you're envisioning a cherished family legacy, an income-generating investment, or a peaceful year-round retreat, Althea delivers the best of classic Maine living—timeless, inviting, and full of possibility.
Own a slice of Moody Beach history and make it your own coastal legacy. Private showings now available—don't let this landmark property slip away.
Active
Price cut: $200K (7/11)
$1,900,000
511 Ocean Avenue, Wells, ME 04090
5beds
2,784sqft
Est.:
Single Family Residence
Built in 1930
7,840.8 Square Feet Lot
$1,821,700 Zestimate®
$682/sqft
$-- HOA
What's special
- 28 days
- on Zillow |
- 2,723 |
- 72 |
Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 08:00am
Listed by:
Berkshire Hathaway HomeServices Verani Realty
Source: Maine Listings,MLS#: 1627236

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Bedroom 1
- Level: First
Bedroom 2
- Level: Second
Bedroom 3
- Level: Second
Bedroom 4
- Level: First
Bedroom 5
- Level: First
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Mud room
- Level: First
Other
- Level: First
Sunroom
- Level: First
Heating
- Other, Forced Air
Cooling
- Other
Appliances
- Included: Washer, Refrigerator, Gas Range, Dryer, Dishwasher
- Laundry: Laundry - 1st Floor, Main Level
Features
- 1st Floor Bedroom
- Flooring: Vinyl, Tile
- Basement: Crawl Space
- Number of fireplaces: 1
Interior area
- Total structure area: 2,784
- Total interior livable area: 2,784 sqft
- Finished area above ground: 1,904
- Finished area below ground: 880
Property
Parking
- Parking features: 5 - 10 Spaces, Paved
Features
- Patio & porch: Deck, Glass Enclosed, Porch
- Has view: Yes
- View description: Scenic
- Body of water: Atlantic Ocean
- Frontage length: Waterfrontage: 57,Waterfrontage Owned: 57
Lot
- Size: 7,840.8 Square Feet
- Features: Level, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Neighborhood
Details
- Parcel number: WLLSM112L161
- Zoning: RB
Construction
Type & style
- Home type: SingleFamily
- Architectural style: A-Frame
- Property subtype: Single Family Residence
Materials
- Wood Siding, Shingle Siding, Wood Frame
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 1930
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Wells
Financial & listing details
- Price per square foot: $682/sqft
- Tax assessed value: $2,979,480
- Annual tax amount: $17,758
- Date on market: 6/19/2025
- Road surface type: Paved
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