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  • Price cut: $55K (6/29)
    $995,000

    11 Water Street, Damariscotta, ME 04543

    3beds
    2,724sqft
    : 
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    Multi Family
    Built in 1803
    -- sqft lot
    $-- Zestimate®
    $365/sqft
    $-- HOA

    What's special

    Full sprinkler systemTwo expansive waterfront decksAddition of a steepleAddition of a dormer
    Built in 1803 as the schoolhouse in Sheepscot Village, Maine, this distinctive property was relocated to the riverfront in Damariscotta in the 1950s. At that time, it was significantly enlarged and with the addition of a steeple, served as the Christian Science Church until 2010. The building was extensively renovated and thoughtfully updated in 2011 to accommodate the restaurant Savory Maine. At that time, the addition of a dormer and two skylights transformed the unfinished attic into a bright one-bedroom apartment and the church office became a studio apartment that is a very popular Airbnb. Two expansive waterfront decks were constructed and all of the electrical wiring and plumbing was replaced. Additional upgrades include Airkrete insulation throughout the exterior walls, roof, and between floors, mini-split heat pumps in all units, a full sprinkler system, and a new roof, fascia boards, and gutters. Today, the building offers four separate units--three one-bedroom apartments and one studio--while retaining the flexibility to accommodate a wide range of commercial or mixed-use possibilities. Located adjacent to a large public parking lot, the property enjoys a highly visible and convenient in-town setting in the heart of downtown Damariscotta. Its prime Midcoast location places it within easy reach of destinations such as Pemaquid Point Lighthouse, Pemaquid Beach Park, Boothbay Harbor, and the Camden-Rockport area. With its rich history, extensive upgrades, and exceptional location, this is a rare commercial opportunity well-positioned to attract customers, tenants, or clients for years to come.
    44 days
    |
    748
    |
    13
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Newcastle Realty 207-563-1003

    Source: Maine Listings,MLS#: 1663212MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 5
      • Full bathrooms: 4
      Heating
      • Baseboard, Heat Pump
      Cooling
      • Heat Pump
      Appliances
      • Included: Tankless Water Heater
      Features
      • Flooring: Carpet, Vinyl, Wood, Ceramic Tile
      • Basement: Interior Entry,Walk-Out Access,Finished,Full
      Interior area
      • Total structure area: 2,724
      • Total interior livable area: 2,724 sqft
      • Finished area above ground: 2,364
      • Finished area below ground: 360

      Property

      Parking
      • Parking features: Common, 5 - 10 Spaces, On Site
      Features
      • Levels: Multi/Split
      • Patio & porch: Deck, Patio
      • Has view: Yes
      • View description: Scenic
      • Body of water: Damariscotta River
      • Frontage length: Waterfrontage: 70,Waterfrontage Owned: 70
      Lot
      • Size: 9,583 Square Feet
      • Features: Business District, City Lot, Near Shopping, Corner Lot, Open Lot, Rolling Slope
      Details
      • Zoning: C-1
      • Other equipment: Internet Access Available

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Federal
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Vinyl Siding
      • Foundation: Poured Concrete
      • Roof: Shingle
      Condition
      • Year built: 1803

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Damariscotta

      Financial & listing details

      • Price per square foot: $365/sqft
      • Annual tax amount: $8,197
      • Date on market: 5/21/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/29/2026Price change$995,000-5.2%$365/sqft
        Source: Maine Listings #1663212 Report a problem
        5/21/2026Listed for sale$1,050,000$385/sqft
        Source: Maine Listings #1663212 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        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: 04543

        Getting around

        63 / 100
        Somewhat Walkable
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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