Delight in casual elegance with a modern flair along the shores of Princes Point. Designed and built by Nicola's Home, Folly Cove exudes an effortlessly cool vibe, blending coastal surroundings with bespoke selections and imaginative textures. The 5 bedroom, 4.5 bath home orients west across the calm waters of Broad Cove, with sunset views rarely found along the Maine shoreline. Through the dual french doors flanking the gracious covered porch--ideal for morning coffee, but with ample room for an intimate outdoor dinner party--you enter the premier kitchen and adjoining pantry designed for entertaining. Complete with two ovens and gas range, 4 dishwashers, two refrigerators, beverage fridge, full sized wine cooler, and bar ice maker, the functionality of the space is surpassed only by its clean design and custom elements. The open concept layout floods the space with light through oversized Anderson Windows, and sliders leading to the covered rear porch invite sunset views and oceanside relaxation. The first floor primary suite features a stunning open double rain shower along a wall of marble. The 4 additional upstairs bedrooms feature two oceanside suites. The neatly designed space over the 3-car garage provides the perfect game room or media room. With rights to join the deep water dock association at Princes Point, plus easy access to Yarmouth Village and Downtown Portland, this fine property promises a lifestyle worthy of pursuit.
Single-familyProperty Type
2020Year Built
1.4 acresLot Size
$1,262Est. Price/Sq.Ft.
3 car garageParking
Listed by David Banks• RE/MAX By The Bay
Bought with Patricia {Patti} Foden• Keller Williams Realty
Not finding your water front dream home in the current inventory? Build it. Once in a lifetime opportunity to create the home that fits your needs and allows the active Maine lifestyle you and your family have been searching for on 1.5 +/- waterfront acres on Broad Cove. Tucked away off a quiet private road in the vibrant Princess Point neighborhood, this property offers stunning westerly views, rights to the assoc. deepwater dock & easy access to both Yarmouth Village and I-295.
MREIS #1317298
Dec 28, 2017
Sold
$700,000
$143/sq ft
Nov 14, 2017
Price Changed
$735,000
$150/sq ft
Jul 14, 2017
Listed
$849,500
$174/sq ft
+1
Wonderful Princes Point opportunity for remodel or new construction. Remaining portion of an old family compound. Abutting properties are new construction. Minimal traffic, great views, close to town yet quiet. Geographically eligible for membership in the Princes Point Association, which maintains an excellent pier only minutes from the property.
MREIS #1291785
Jan 3, 2017
Listed
$849,500
$174/sq ft
MREIS #1286795
Oct 21, 2016
Listed
$875,000
$179/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$64,734 (+17.3%)
$979,500 + $3,469,600
$4,449,100
2024
$55,170 (+9.0%)
$647,600 + $1,501,600
$2,149,200
2023
$50,592 (+14.4%)
$647,600 + $1,501,600
$2,149,200
2022
$44,243 (+9.2%)
$647,600 + $1,398,800
$2,046,400
2021
$40,519 (+154.4%)
$647,600 + $1,398,800
$2,046,400
2020
$15,925 (+30.4%)
$647,600 + $164,900
$812,500
2019
$12,214 (−21.7%)
$647,600
2018
$15,603 (+3.7%)
$647,600 + $229,000
$876,600
2017
$15,042 (+0.6%)
$647,600 + $229,000
$876,600
2016
$14,955 (−12.6%)
$647,600 + $229,000
$876,600
2015
$17,108 (−0.2%)
$584,400 + $209,100
$793,500
2014
$17,140 (−1.4%)
$584,400 + $209,100
$793,500
2013
$17,384
Tax history for 46 Folly Cove Rd
Year
Property tax
Land + Additions
Assessment*
2025
$64,734 (+17.3%)
$979,500 + $3,469,600
$4,449,100
2024
$55,170 (+9.0%)
$647,600 + $1,501,600
$2,149,200
2023
$50,592 (+14.4%)
$647,600 + $1,501,600
$2,149,200
2022
$44,243 (+9.2%)
$647,600 + $1,398,800
$2,046,400
2021
$40,519 (+154.4%)
$647,600 + $1,398,800
$2,046,400
2020
$15,925 (+30.4%)
$647,600 + $164,900
$812,500
2019
$12,214 (−21.7%)
$647,600
2018
$15,603 (+3.7%)
$647,600 + $229,000
$876,600
2017
$15,042 (+0.6%)
$647,600 + $229,000
$876,600
2016
$14,955 (−12.6%)
$647,600 + $229,000
$876,600
2015
$17,108 (−0.2%)
$584,400 + $209,100
$793,500
2014
$17,140 (−1.4%)
$584,400 + $209,100
$793,500
2013
$17,384
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
5
Baths
5.5
Stories
2
Lot width
—
Lot depth
—
Lot size
1.4 Acres
Year renovated
—
Sq. Ft.
4,931
Year built
2020
Style
Single Family Residential
County
Cumberland County
APN
88575
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
Property details
Parking
Parking Information
Has Garage
# of Garage Spaces: 3
Parking Features: 1 - 4 Spaces
Vehicle Storage: 3 Car
Interior
Bathroom Information
# of Baths (1/2): 1
# of Baths (Full): 4
Room 1 Information
Type: Bedroom 1
Level: First
Features: Closet, Full Bath, Laundry/Laundry Hook-Up
Room 2 Information
Type: Bedroom 4
Room 3 Information
Type: Other Room
Room 4 Information
Type: Bedroom 2
Room 5 Information
Type: Sunroom
Room 6 Information
Type: Dining Room
Room 7 Information
Type: Family Room
Features: Gas Fireplace
Room 8 Information
Type: Bedroom 3
Room 9 Information
Type: Bedroom 5
Room 10 Information
Type: Bonus Room
Room 11 Information
Type: Kitchen
Level: First
Features: Breakfast Nook, Eat-In Kitchen, Kitchen Island, Pantry