A rare offering on Damariscotta Lake: 5.4± acres, 400 feet of waterfront, a fully renovated contemporary chalet-style home, and exceptional potential for a private lakeside family compound. Overlooking a tranquil cove on one of Midcoast Maine's most desirable lakes, this thoughtfully reimagined property combines modern comfort with the space, privacy, and flexibility today's buyers seek. Whether enjoyed as a year-round residence, seasonal retreat, or multi-generational getaway, the possibilities are remarkable. Extensively renovated from the ground up, the home features a new septic system, upgraded foundation drainage, modern water systems, hardwood flooring, updated appliances, and quality finishes throughout. Clean contemporary design, abundant natural light, and beautiful lake views create an atmosphere that is both comfortable and inviting. The main level includes a sun-filled primary suite with direct deck access and a full bath with glass-enclosed shower. The walk-out lower level offers two additional rooms ideal for guests, family members, or home offices, along with a full bath, laundry area, family/game room, and mechanical room. A separate private road leads to the waterfront, where a custom-designed bunkhouse/shed provides flexible space for recreation, storage, hobbies, or future compound planning. A recently installed aluminum dock system provides immediate access to swimming, boating, fishing, and all that Damariscotta Lake has to offer. The property's 5.4 acres of open fields, woods, and stone walls provide exceptional privacy and room for future expansion, additional structures subject to approvals, gardens, and recreational amenities. Enjoy breathtaking sunsets from the expansive deck while surrounded by abundant wildlife and natural beauty. Properties offering this combination of waterfront, acreage, modern improvements, and family compound potential are increasingly difficult to find. Agent owned.
Single-familyProperty Type
2025Year Built
5.4 acresLot Size
$486Price/Sq.Ft.
2 garage spacesParking
Listed by Dennis Hilton• Newcastle Realty
Contact: 207-563-1003
Bought with Miles Geisler• Legacy Properties Sotheby's International Realty
Wonderful opportunity to renovate or build your new home on a portion of this Lakefront parcel. Nice height to the land for pretty westerly views. Frontage is shallow but accessible. Wildlife abounds in this private place! Live in the cottage currently on the property while building or use the cottage as a summer place until you are ready! Propane, all house generator conveys and a 2 car garage for wonderful work space and storage. 5 miles into Damariscotta for shopping and dining!
MREIS #1237472
May 19, 2017
Sold
$250,000
$97/sq ft
Mar 28, 2017
Price Changed
$270,000
$105/sq ft
Jul 18, 2016
Price Changed
$299,900
$117/sq ft
Sep 14, 2015
Listed
$325,000
$126/sq ft
+13
Damariscotta Lake Frontage! Amazing potential with this 1974 contemporary home set up on a knoll overlooking the lake! Add on to this 2 br. home or keep as a rental/guest cottage and build your new home a little closer to the water. 5.4 acres with 400' of waterfront. You will love the cathedral ceilings, stone fireplace( gas) and sunny deck. Master with bath on first floor. Systems in great shape. Propane generator conveys. Peaceful and private yet just 15 minutes to dining and shopping!
Year
Property tax
Land + Additions
Assessment*
2025
$7,737 (+9.0%)
$513,200 + $325,000
$838,200
2024
$7,096 (+2.4%)
$372,900 + $90,900
$463,800
2023
$6,928 (+7.0%)
$372,900 + $132,800
$505,700
2022
$6,473
$372,900 + $132,800
$505,700
2021
$6,473 (+2.4%)
$372,900 + $132,800
$505,700
2020
$6,321 (+4.6%)
$372,900 + $132,800
$505,700
2019
$6,043 (+2.1%)
$372,900 + $132,800
$505,700
2018
$5,917 (+3.6%)
$372,900 + $132,800
$505,700
2017
$5,714 (+3.7%)
$372,900 + $132,800
$505,700
2016
$5,512 (+4.8%)
$372,900 + $132,800
$505,700
2015
$5,259 (+2.0%)
$372,900 + $132,800
$505,700
2014
$5,158 (+4.1%)
$372,900 + $132,800
$505,700
2013
$4,956
$372,900 + $132,800
$505,700
Public record
Beds
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Stories
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Lot width
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Lot depth
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Lot size
5.4 Acres
Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Lincoln County
APN
346211
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 27, 2026.
Property details
Parking
Parking Information
Has Garage
# of Garage Spaces: 2
Parking Features: Paved, 5 - 10 Spaces, Detached
Vehicle Storage: 2 Car, Auto Door Opener, Detached
Interior
Virtual Tour
Bathroom Information
# of Baths (1/2): 1
# of Baths (Full): 2
Room 1 Information
Type: Bedroom 1
Length (Ft.): 14
Width (Ft.): 14
Level: First
Features: Balcony/Deck, Cathedral Ceiling(s), Closet, Full Bath