An incredible investment opportunity in a breathtaking locale! Six well-maintained units steps away from seven miles of ocean shoreline make this a seldom-seen gem you don't want to miss. Be it an owner-occupied or investor scenario, a strong rental history underscores the potential of this special spot. The property has historically employed a season-focused rental approach, with summer months welcoming shorter-term beach goers and the cooler seasons attracting traveling professionals. Each space is equipped with in-unit laundry, making day-to-day living (and guest stays) a breeze. Ample parking behind the building provides convenience for all. The scent of salty air, marsh & water views, coastal wildlife sightings, and golden hour walks on the beach make each day magical. Effortless access to this quieter stretch of shoreline via Snowberry Park feels like a true retreat. Pine Point's offerings are steps away, meaning you can eat, drink, and be merry without having to hop in the car. Scarborough provides everything a heart desires, but when adventure calls outside the bounds of town, Portland is within easy reach, as is the highway. A rare find with lasting rewards - a must-see!
Multi-familyProperty Type
1900Year Built
8,712 sq ftLot Size
$344Price/Sq.Ft.
5 spacesParking
Listed by Bridget King Jason Miller• King + Miller Real Estate
Listed by Benjamin Schulz• King + Miller Real Estate
Pine Point, located between Scarborough Beach State Park and Old Orchard Beach Pier, is a coastal and residential Old Orchard Beach neighborhood with a wide sandy shoreline and a salt-marsh backdrop. The neighborhood’s character concentrates around Pine Point Road near the Scarborough town line, where low-key seafood shacks, ice-cream windows, and beach cottages set the tempo. Cottage rows and shingled capes sit behind dune grass, with marsh views opening toward the Scarborough River. Pine Point Beach reads quieter than the boardwalk scene, with long walks and tidal flats shaping daily rhythms. Bayley’s Seafood Restaurant and Pine Point Grill anchor the local dining circuit, while the Eastern Trail adds a car-free route for rides and runs.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Furnished
Carpet, Tile, and Vinyl flooring
Bedrooms
One 3-bedroom unit (located on the second level)
Five 1-bedroom units
Bathrooms
Six full bathrooms total
Kitchen
Refrigerator included in all units
Laundry & utility
Electric service in units (circuit breakers)
Electric water heater
No dedicated electric, gas, or water heaters for individual units
Flooring
Carpet
Tile
Vinyl
Heating & cooling
Has heating
Direct vent heater, Forced air, and Hot water heating
Exterior features
Deck and Patio
Outbuilding
Near public beach, shopping, and public transit
Level lot, neighborhood setting
Paved road access
Ocean water view
Home design
Multi-family property
Three stories
Parking
Paved off-street parking with 5–10 spaces
Construction
Built in 1900
Wood frame construction with shingle siding
Shingle roof
Utilities
Public water
Public sewer
Electric with circuit breakers
Utilities currently not on
Financial info
Gross income: $167,333
Operating expenses: $59,596
Other
Zoned B1
Subdivision: Pine Point
Electricity and solar
View estimated energy costs and solar savings for this home
Rare investment opportunity at Pine Point Beach! Just one block from the ocean and seven miles of white, sandy beach, this well maintained 6 unit offers many possibilities with it's B1 Zoning! Also see Commercial listing MLS # 1292811.
MREIS #1273684
Aug 16, 2016
Price Changed
$699,000
$200/sq ft
Jul 12, 2016
Listed
$729,000
$209/sq ft
MREIS #1151433
Jun 24, 2015
Sold
$610,000
$175/sq ft
Mar 5, 2015
Listed
$689,000
$198/sq ft
MREIS #1125822
Mar 11, 2014
Listed
$750,000
$215/sq ft
MREIS #755286
Jul 12, 2005
Listed
$859,000
$246/sq ft
MREIS #309975
Sep 18, 1999
Listed
$180,000
$52/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$13,432 (+3.7%)
$933,300 + $252,200
$1,185,500
2024
$12,958 (+28.8%)
$933,300 + $252,200
$1,185,500
2023
$10,061 (+3.8%)
$400,000 + $230,000
$630,000
2022
$9,696 (+2.5%)
$400,000 + $230,000
$630,000
2021
$9,463 (+1.1%)
$400,000 + $230,000
$630,000
2020
$9,362 (+1.1%)
$400,000 + $230,000
$630,000
2019
$9,261 (+10.9%)
$400,000 + $230,000
$630,000
2017
$8,351 (+3.6%)
$325,600 + $180,800
$506,400
2016
$8,062 (+2.8%)
$325,600 + $180,800
$506,400
2015
$7,844 (+8.6%)
$325,600 + $180,800
$506,400
2014
$7,224 (+2.2%)
$325,600 + $152,800
$478,400
2013
$7,066
$325,600 + $152,800
$478,400
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
8,712 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,003
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,003
Year built
1900
Style
Multi-Family (5+ Unit)
County
Cumberland County
APN
44999
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
B1
Beach Mixed District
To provide areas for the location of small retail, restaurant, lodging and marine-related uses and residential uses within one or more of Scarborough’s beach communities. These uses are intended to, and are likely to serve the daily needs of the residents of the immediate neighborhood as well as tourist and summer visitors. The Beach Mixed-Use District shall be considered a business district whenever this Ordinance distinguishes between types of districts.
Permitted uses
Include but are not limited to:
Religious facility
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Processing
Bed & breakfast
Mixed use building
Office
Public service
Climate risks
9/10 Flood Factor
Estimated 80%+ chance 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 88° expected this year, 18 days in 30 years
6/10 Wind Factor
71% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Scarborough, ME • 04074
Average low and high temperatures (°F)
31
15
34
14
44
28
53
37
63
46
75
56
79
62
77
59
72
52
62
42
51
32
36
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.9 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 360 Pine Point Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More