This unique property has endless possibilities that includes having your own beach house and an additional income property, Investment property or make into condominiums. The front of the home has views of the Atlantic Ocean, and the back has a large grassy yard abutting the marsh of Rachel Carson wildlife preserve with a ton of wildlife and amazing sunsets. The current home has 2 units front and back with 2 bedrooms and 1 bath in each unit. This property is a legal two-family lot, so if you're creative you can have income and your dream home all in one. The beautiful sand of Moody Beach is a 300-yard walk to public way 3. This is a must see if you're looking to enjoy Moody Beach as your summer home, income property, investment as both units are currently rented year-round, weekly from May to October and monthly in the winter months. Driveway is a combination of pavement and pavers in parking area which can hold 6-8 vehicle's. This home comes fully furnished and ready to move in or rent. This home has been lifted with an elevation certificate. The utilities have been separated by unit except for Water and sewer. Each unit has reservations for summer rentals with immediate income to buyers.
Active
$1,295,000
542 Ocean Avenue, Wells, ME 04090
4beds
1,536sqft
Est.:
Multi Family
Built in 1968
-- sqft lot
$1,275,300 Zestimate®
$843/sqft
$-- HOA
What's special
- 26 days
- on Zillow |
- 1,050 |
- 24 |
Zillow last checked: 7 hours ago
Listing updated: April 15, 2025 at 08:59am
Listed by:
The Maine Real Estate Experience
Source: Maine Listings,MLS#: 1617465

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Direct Vent Heater, Baseboard
Cooling
- Other
Appliances
- Laundry: Laundry - 1st Floor, Main Level
Features
- 1st Floor Bedroom, Bathtub, One-Floor Living
- Flooring: Vinyl
- Basement: Walk-Out Access,Sump Pump,Exterior Only,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,536
- Total interior livable area: 1,536 sqft
- Finished area above ground: 1,536
- Finished area below ground: 0
Property
Parking
- Parking features: 5 - 10 Spaces, Paved, On Site
Features
- Stories: 1
- Patio & porch: Deck, Porch
- Waterfront features: Ocean Front
- Body of water: Atlantic Ocean
Lot
- Size: 6,534 Square Feet
- Features: Level, Abuts Conservation, City Lot, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Town
Details
- Parcel number: WLLSM112L22
- Zoning: RB
- Other equipment: Internet Access Available, Cable
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Frame
- Foundation: Pillar/Post/Pier, Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1968
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Wells
Financial & listing details
- Price per square foot: $843/sqft
- Tax assessed value: $1,263,180
- Annual tax amount: $7,529
- Date on market: 4/10/2025
- Road surface type: Paved
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