Rare Investment Opportunity Near Sebago Lake - Multi-Unit Property with Huge Potential or make it your home with an inlaw. Opportunity awaits. This unique property offers incredible potential for investors, contractors, or buyers looking to create value. Located just a short walk to association access on beautiful Sebago Lake, the property features multiple units and flexible living space with the possibility for rental income or multi-generational use. While the property does REQUIRE updates and improvements, the location and potential make it a rare opportunity in the Windham/Sebago Lake area. Enjoy the benefits of lake access while being conveniently located near local amenities, restaurants, and year-round recreation. Whether you're looking for an investment project, seasonal retreat, or property with income potential, this is a chance to bring your vision to life in one of Southern Maine's most desirable lake regions.
Single-familyProperty Type
1940Year Built
1.56 acresLot Size
$190Price/Sq.Ft.
$21/moHOA Dues
3 car garageParking
Listed by Jacqueline {Jackie} Griffeth• Krainin Real Estate
Rare Investment Opportunity Near Sebago Lake - Multi-Unit Property with Huge Potential. Opportunity awaits. This unique property offers incredible potential for investors, contractors, or buyers looking to create value. Located just a short walk to association access on beautiful Sebago Lake, the property features multiple units and flexible living space with the possibility for rental income or multi-generational use. While the property does REQUIRE updates and improvements, the location and potential make it a rare opportunity in the Windham/Sebago Lake area. Enjoy the benefits of lake access while being conveniently located near local amenities, restaurants, and year-round recreation. Whether you're looking for an investment project, seasonal retreat, or property with income potential, this is a chance to bring your vision to life in one of Southern Maine's most desirable lake regions.
Year
Property tax
Land + Additions
Assessment*
2025
$8,361 (+6.7%)
$330,200 + $363,100
$693,300
2024
$7,839 (+9.0%)
$330,200 + $353,200
$683,400
2023
$7,194 (+13.5%)
$307,100 + $335,200
$642,300
2022
$6,338 (+15.1%)
$247,600 + $298,300
$545,900
2021
$5,506 (−1.9%)
$173,900 + $263,100
$437,000
2020
$5,613 (+2.5%)
$161,700 + $212,500
$374,200
2019
$5,478 (+6.3%)
$161,700 + $212,500
$374,200
2018
$5,154 (−11.0%)
$142,700 + $196,800
$339,500
2017
$5,792 (+4.7%)
$176,700 + $175,800
$352,500
2016
$5,534 (+3.6%)
$176,700 + $175,800
$352,500
2015
$5,340 (+3.3%)
$176,700 + $175,800
$352,500
2014
$5,171
$176,700 + $175,800
$352,500
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
1.56 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Single Family Residential
County
Cumberland County
APN
143803
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
RL
Light-Density Residential District
It is the intent of this district to ensure the proper development of residential areas by encouraging the formation of community units while developing, protecting, and preserving open spaces.
Permitted uses
Include but are not limited to:
Agriculture
Religious facility
Housing-Single unit
Housing-Multiple units
Public service
Communications tower
Cemetery
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
3/10 Heat Factor
7 days above 93° expected this year, 16 days in 30 years
4/10 Wind Factor
20% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Windham, ME • 04062
Average low and high temperatures (°F)
28
13
32
13
44
27
54
36
64
47
76
57
81
62
79
55
73
51
61
41
48
32
34
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 96 Mineral Spring Rd
$531,175
$28K under list price of $559K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $520K to $775K.