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About this home
LIVE ELEVATED AT 246 EASTERN PROMENADE Only 6 Residences Remain | Completion Spring 2027. This extraordinary new address in one of Portland's most coveted neighborhoods. Perched above Casco Bay on the grassy sweep of the Eastern Promenade, this limited collection of just 13 architecturally striking condominiums marks the first residential development on this iconic stretch in over 50 years. Each residence has been thoughtfully designed for those who appreciate timeless elegance, elevated craftsmanship, and a connection to place. Floor-to-ceiling windows & private decks capture views of Casco Bay, while open-concept interiors with 9-10 ft ceilings and abundant natural light create an airy, modern atmosphere. Custom interiors feature generous allowances for premium finishes, including custom-built kitchen & bath cabinetry by Pond Cove Millworks--offering a refined and highly tailored living experience and allow owners to create a home that reflects their own sense of style. Nichiha Architectural Fiber Cement Siding, energy-efficient Pella windows, top-tier HVAC systems, garage parking, and private climate-controlled storage room ensure comfort and convenience year-round. Located in the heart of Portland's desirable East End, 246 Eastern Promenade offers a lifestyle that blends serenity with vibrant coastal city living. Enjoy morning walks or cycling along the Eastern Trail, kayak from the East End beach, visit historic landmarks like the Portland Observatory & Allen Park Gazebo, or take in the expansive green space that rolls directly to the shoreline. Just a short stroll away, you'll find world-class restaurants, charming cafés, galleries, and the celebrated Old Port. Construction is well underway with the framing complete and the exterior siding, decks, windows installation, electrical and plumbing progressing steadily. Reach out today for floor plans, detailed specs, and to schedule a private walkthrough of the building.
CondoProperty Type
2026Year Built
0.64 acresLot Size
$1,171Price/Sq.Ft.
1 garage spacesParking
Listed by Karen Thompson-McMann• The Flaherty Group
East End, located between Munjoy Hill and the Old Port, is a residential and waterfront Portland neighborhood with brick rowhouses and harbor-view parks. The neighborhood’s character concentrates around Congress Street near the Eastern Promenade, where corner markets, coffee counters, and small galleries set a steady, walkable rhythm. The Eastern Promenade and Eastern Promenade Trail frame daily routines with Casco Bay breezes and long views. Portland Food Co-op anchors pantry runs with a community-minded feel. The Portland Observatory adds a maritime landmark above the rooftops. Tree-lined blocks mix historic homes with updated apartments, and the shoreline keeps the pace tied to the water.
Provided by Walk Score and Local Logic
Market insights
246 Eastern Promenade #101 · $2,943,000
DAYS ON MARKET
1 days
The average home goes pending in 58 days.
SALE-TO-LIST
99.7%
Most homes are selling 0% below list price.
LIST PRICE
$2,943,000
Median sale price in this area is $563,387. (81% lower than this home)
PRICE DROP
0 price drops
18% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Elevator
Storage
Gas fireplace
Built-ins
Bedrooms
3 bedrooms on the first floor
Bathrooms
2 full bathrooms and 1 half bathroom
Primary suite with a walk-in closet, double vanity, soaking tub, and separate shower
Bedroom suite with a closet and separate shower
Kitchen
Dishwasher, disposal, microwave, electric range, and refrigerator
Pantry
Laundry & utility
Main-level laundry
Utility sink
Flooring
Tile and wood
Heating & cooling
Heat pump and radiant heating
Heat pump cooling
Exterior features
Patio
Water views of Casco Bay
Home design
Condominium
Parking
One-car attached, heated underground garage with automatic door opener
Paved on-site parking with inside entrance
Security
Fire system
Security system
Construction
New construction, built in 2026
Steel-frame, wood-frame, and fiber-cement construction
Flat roof
Utilities
Public water and sewer
Circuit breakers
Electric water heater
HOA & community
Monthly association fee
Pets allowed, subject to breed and other restrictions
Electricity and solar
View estimated energy costs and solar savings for this home
Sale and tax history for 246 Eastern Promenade #101
Sale History
Tax History
Date
Event
Price
MREIS #1686823
Nov 4, 2026
Listed
$2,943,000
$1,171/sq ft
MREIS #1677564
Aug 24, 2026
Listed
$2,943,000
$1,171/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
—
Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
—
Style
Condo/Co-op
County
Cumberland County
APN
PTLD-000014-I000012-000001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
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Garage
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Features
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Last updated by owner on Aug 24, 2026.
R6
Residential
To set aside areas on the peninsula for housing characterized primarily by multi-family dwellings at a high density providing a wide range of housing for differing types of households; to conserve the existing housing stock and residential character of neighborhoods by controlling the scale and external impacts of professional offices and other nonresidential uses; and to encourage new housing development consistent with the compact lot development pattern typically found on the peninsula.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Other
Bed & breakfast
Lodging & hospitality-Other
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 87° expected this year, 18 days in 30 years
6/10 Wind Factor
64% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Portland, ME • 04101
Average low and high temperatures (°F)
31
18
33
18
44
30
52
39
63
49
74
58
80
64
77
60
71
56
61
47
50
36
36
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 246 Eastern Promenade #101
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $730,000 and $1,495,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $730K to $1.5M.