LIVE ELEVATED AT 246 EASTERN PROMENADE Only 6 Residences Remain | Completion February 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 foundation nearly complete and work progressing steadily. Reach out today for floor plans, detailed specs, and to walk the site.
CondoProperty Type
1915Year Built
0.64 acresLot Size
$1,244Price/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 #305 · $2,870,000
DAYS ON MARKET
73 days
The average home goes pending in 54 days.
SALE-TO-LIST
99.3%
Most homes are selling 1% below list price.
LIST PRICE
$2,870,000
Median sale price in this area is $511,489. (82% lower than this home)
PRICE DROP
0 price drops
19% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Walk-in closets
Elevator (passenger)
First-floor primary bedroom with bath
Bathtub
One-floor living
Pantry
Shower
Storage
Primary bedroom with bath
Generator
Bedrooms
Primary bedroom — First floor (double vanity, separate shower, soaking tub, walk-in closet)
Bedroom 2 — First floor (closet, full bath)
Den — First floor (closet)
Bathrooms
Two full bathrooms
One half bathroom
Kitchen
Kitchen with island
Refrigerator
Microwave
Electric range
Disposal
Dishwasher
Pantry
Laundry & utility
Laundry room — First floor / main level (utility sink, washer hookup)
Washer
Dryer
Utility sink
Flooring
Wood flooring
Tile flooring
Heating & cooling
Radiant heat
Heat pump (also provides cooling)
Circuit breaker electrical panel
Exterior features
Deck
Well landscaped
Sidewalks
Near public beach
Near town
Neighborhood setting
Water view (Casco Bay, ocean)
Home design
Condominium
To be built (property condition)
Located in Munjoy Hill subdivision
Facing direction not specified
Parking
Heated garage with direct entry to living area
Auto door opener
Reserved parking
Underground/inside entrance parking
On-site paved parking
Common parking
Electric vehicle charging station
One garage space
Security
Sprinkler system
Security system
Construction
Built in 1915
Fiber cement, steel frame, and wood frame construction
Concrete perimeter foundation
Flat membrane roof
Utilities
Public water
Public sewer
Electric water heater (electric)
Circuit breakers
HOA & community
Association present (monthly fee)
12 units in the community
Pets allowed with other restrictions
Other
Zoning: R6
Road surface: paved
Electricity and solar
View estimated energy costs and solar savings for this home
Sale and tax history for 246 Eastern Promenade #305
Sale History
Tax History
Date
Event
Price
MREIS #1653620
May 19, 2026
Pending
—
Mar 7, 2026
Listed
$2,870,000
$1,244/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Condo/Co-op
County
Cumberland County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Mar 7, 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
79
64
77
60
71
56
61
46
50
36
36
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 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.
10.2 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 246 Eastern Promenade #305
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $725,000 and $1,800,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $725K to $1.8M.