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.
Active
Price cut: $55K (6/29)
$995,000
11 Water Street, Damariscotta, ME 04543
3beds
2,724sqft
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
- 44 days |
- 748 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Newcastle Realty 207-563-1003
Source: Maine Listings,MLS#: 1663212
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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
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Price change | $995,000-5.2%$365/sqft |
Source: | ||
| 5/21/2026 | Listed for sale | $1,050,000$385/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
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: 04543
Nearby schools
GreatSchools rating
- 8/10Great Salt Bay Community SchoolGrades: PK-8Distance: 1.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Lincoln County
- Damariscotta
- 04543
- 11 Water Street






