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    • Price cut: $600K (6/8)
    $3,300,000

    1 & 9 Franklin Terrace, South Portland, ME 04106

    7beds
    4,300sqft
    : 
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    Single Family Residence
    Built in 1990
    0.55 Acres Lot
    $3,059,700 Zestimate®
    $767/sqft
    $-- HOA

    What's special

    Four to five bedroomsPremier waterfront siteLarger home recently remodeled
    An exceptional and increasingly rare offering in South Portland's coveted Willard Beach neighborhood -- now presenting potential for a development (subject to approvals), or an extraordinary multi-generational family compound directly on the beach. Set on a premier waterfront site with sweeping views of Spring Point Ledge Lighthouse, Casco Bay, and the islands, this unique property includes two residences positioned to capture the beauty and energy of Maine's coastline from multiple perspectives. The larger home, recently remodeled, offers four to five bedrooms and expansive living spaces designed to maximize ocean views and natural light. Wake to sunrises over Casco Bay, watch working boats pass through the harbor, and experience true waterfront living from nearly every vantage point. The second residence enjoys its own distinct outlook across the ocean, creating flexibility for guest accommodations, rental income, or extended family living. If utilized as a private compound, there is also potential for an additional buildable lot located in front of the smaller residence, creating the rare opportunity for three separate living spaces -- the primary home, guest residence, and an additional homesite (subject to approvals).
    412 days
    |
    1,371
    |
    40
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    F.O. Bailey Real Estate

    Source: Maine Listings,MLS#: 1624824MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Primary bedroom
      • Features: Closet, Full Bath, Heat Stove, Suite, Balcony/Deck
      • Level: Second
      Bedroom 1
      • Level: First
      Bedroom 2
      • Level: First
      Bedroom 2
      • Level: Second
      Bedroom 4
      • Level: Second
      Bedroom 5
      • Level: Second
      Bedroom 6
      • Level: Second
      Other
      • Level: Second
      Dining room
      • Level: First
      Great room
      • Level: Second
      Kitchen
      • Level: First
      Kitchen
      • Level: Second
      Living room
      • Features: Gas Fireplace, Heat Stove
      • Level: First
      Office
      • Level: Second
      Heating
      • Other, Baseboard, Heat Pump, Hot Water, Radiant, Wood Stove
      Cooling
      • Wall/Window Unit(s), Heat Pump
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Gas Range, Refrigerator, Washer, Tankless Water Heater
      Features
      • 1st Floor Bedroom, Attic, Bathtub, In-Law Floorplan, One-Floor Living, Pantry, Shower, Storage, Walk-In Closet(s), Primary Bedroom w/Bath
      • Flooring: Laminate, Tile, Vinyl, Wood
      • Doors: Storm Door(s)
      • Windows: Storm Window(s)
      • Basement: Interior Entry,Other,Sump Pump,Unfinished
      • Number of fireplaces: 2
      Interior area
      • Total structure area: 4,300
      • Total interior livable area: 4,300 sqft
      • Finished area above ground: 4,300
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Other, Paved, 1 - 4 Spaces, 5 - 10 Spaces, On Site, Garage Door Opener, Heated Garage
      • Attached garage spaces: 2
      Accessibility
      • Accessibility features: Other Accessibilities
      Features
      • Levels: Multi/Split
      • Patio & porch: Deck
      • Has view: Yes
      • View description: Scenic
      • Body of water: Atlantic Ocean
      • Frontage length: Waterfrontage: 211.93,Waterfrontage Owned: 211.93,Waterfrontage Shared: 211
      Lot
      • Size: 0.55 Acres
      • Features: Irrigation System, Near Public Beach, Near Shopping, Near Town, Neighborhood, Level, Landscaped
      Details
      • Additional structures: Shed(s)
      • Zoning: A
      • Other equipment: Cable, Generator, Internet Access Available

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Bungalow
      • Property subtype: Single Family Residence
      Materials
      • Wood Frame, Composition, Other, Vinyl Siding
      • Foundation: Slab
      • Roof: Fiberglass,Shingle
      Condition
      • Year built: 1990

      Utilities & green energy

      • Electric: Circuit Breakers, Generator Hookup
      • Sewer: Public Sewer
      • Water: Public
      Green energy
      • Water conservation: Whole House Fan

      Community & HOA

      Community
      • Security: Fire System, Security System
      Location
      • Region: South Portland

      Financial & listing details

      • Price per square foot: $767/sqft
      • Annual tax amount: $36,796
      • Date on market: 6/1/2025
      • Road surface type: Paved

        Estimated market value

        $3,059,700

        $2.91M - $3.21M

        $6,573/mo

        Price history

        DateEventPrice
        6/8/2026Listed for sale$3,300,000-15.4%$767/sqft
        Source: Maine Listings #1624824 Report a problem
        4/25/2026Contingent$3,900,000$907/sqft
        Source: Maine Listings #1624824 Report a problem
        10/15/2025Price change$3,900,000-4.9%$907/sqft
        Source: Maine Listings #1624824 Report a problem
        8/28/2025Price change$4,100,000-17.9%$953/sqft
        Source: Maine Listings #1624824 Report a problem
        6/1/2025Listed for sale$4,995,000$1,162/sqft
        Source: Maine Listings #1624824 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 04106

        Getting around

        43 / 100
        Car-Dependent
        23 / 100
        Minimal Transit
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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