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    • Price cut: $20K (10/2)
    $529,000

    1407 US Highway 1, Prospect, ME 04981

    4beds
    1,354sqft
    : 
    $3,640/mo
    Get pre-qualified
    Single Family Residence
    Built in 1933
    5.82 Acres Lot
    $-- Zestimate®
    $391/sqft
    $-- HOA

    What's special

    Garage exterior improvementsNumerous cosmetic enhancements throughoutBeautifully landscaped groundsTimeless characterMature plantingsPeaceful waterfront settingUpdated bathrooms
    Set along 745 feet of Penobscot River shoreline, this unique coastal Maine property offers panoramic views of the iconic Penobscot Narrows Bridge, timeless character, and exceptional investment potential. Main home features 3 bedrooms and 2 baths (one on main level), blending charm w/ thoughtful modern updates. Beautifully landscaped grounds and mature plantings create a peaceful waterfront setting perfect for year-round living or a seasonal retreat. Above the detached two-car garage, with its own private entrance, is a 1-bedroom, 1-bath apartment with a previous rental history--ideal for guests, extended family, or supplemental income. Conveniently located between Midcoast and Downeast Maine, the property is just minutes from Fort Knox State Historic Site, the Penobscot Narrows Observatory, and an easy drive to Ellsworth, Mount Desert Island, and Acadia National Park. Positioned along a popular tourism corridor, the expansive grounds offer exciting possibilities for additional investment endeavors. Recent improvements include a renovated kitchen w/ new cabinetry, plumbing, and water filtration; updated bathrooms; rebuilt sunroom w/ new windows and siding; new windows in both the main home and apartment; pine tongue-and-groove finishes; garage exterior improvements; Samsung mini-split heating and cooling systems; electrical upgrades; and numerous cosmetic enhancements throughout. A rare opportunity to own a waterfront property that combines Maine history, income potential, and room to grow! Maine is calling!
    90 days
    760
    85

    Zillow last checked:

    Listing updated:

    Listed by:

    Portside Real Estate Group

    Source: Maine Listings,MLS#: 1670694MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Bedroom 1
      • Level: Second
      Bedroom 2
      • Level: Second
      Bedroom 3
      • Level: Second
      Dining room
      • Level: First
      Other
      • Level: Second
      Kitchen
      • Level: First
      Living room
      • Level: First
      Sunroom
      • Level: First
      Heating
      • Forced Air, Heat Pump, Radiator
      Cooling
      • Heat Pump
      Appliances
      • Included: Dishwasher, Dryer, Gas Range, Refrigerator, Washer, Tankless Water Heater
      Features
      • Flooring: Carpet, Tile, Vinyl, Wood
      • Windows: Double Pane Windows
      • Basement: Exterior Entry,Interior Entry,Walk-Out Access,Full,Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 1,354
      • Total interior livable area: 1,354 sqft
      • Finished area above ground: 1,354
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Paved, 1 - 4 Spaces, Detached, Storage
      • Garage spaces: 2
      Features
      • Patio & porch: Deck
      • Has view: Yes
      • View description: Scenic
      • Body of water: Penobscot River
      • Frontage length: Waterfrontage: 745,Waterfrontage Owned: 745
      Lot
      • Size: 5.82 Acres
      • Features: Near Public Beach, Other, Open Lot, Rolling Slope, Landscaped
      Details
      • Parcel number: PROTM04L15
      • Zoning: rural & shoreland
      • Other equipment: Internet Access Available

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: New Englander
      • Property subtype: Single Family Residence
      Materials
      • Wood Frame, Vinyl Siding
      • Foundation: Poured Concrete
      • Roof: Metal
      Condition
      • Year built: 1933

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Private Sewer, Septic Design Available, Septic Tank
      • Water: Well

      Community & HOA

      Location
      • Region: Prospect

      Financial & listing details

      • Price per square foot: $391/sqft
      • Tax assessed value: $337,480
      • Annual tax amount: $3,375
      • Date on market: 7/7/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/2/2026Price change$529,000-3.6%$391/sqft
        Source: Maine Listings #1670694 Report a problem
        9/3/2026Price change$549,000-7.7%$405/sqft
        Source: Maine Listings #1670694 Report a problem
        7/7/2026Listed for sale$595,000+8.4%$439/sqft
        Source: Maine Listings #1670694 Report a problem
        1/12/2026Listing removed$549,000$405/sqft
        Source: Maine Listings #1630175 Report a problem
        8/9/2025Price change$549,000-6.8%$405/sqft
        Source: Maine Listings #1630175 Report a problem
        7/11/2025Listed for sale$589,000-10.5%$435/sqft
        Source: Maine Listings #1630175 Report a problem
        7/11/2024Listing removed--
        Source: Maine Listings #1580504 Report a problem
        1/16/2024Listed for sale$658,000+31.6%$486/sqft
        Source: Maine Listings #1580504 Report a problem
        6/23/2022Sold$500,000-9.1%$369/sqft
        Source: Maine Listings #1505415 Report a problem
        3/21/2022Pending sale$550,000$406/sqft
        Source: Maine Listings #1505415 Report a problem
        10/28/2021Price change$550,000-8.3%$406/sqft
        Source: Maine Listings #1505415 Report a problem
        9/25/2021Listed for sale$600,000-7.7%$443/sqft
        Source: Maine Listings #1505415 Report a problem
        6/10/2021Listing removed--
        Source: Maine Listings Report a problem
        6/3/2021Price change$650,000-10.3%$480/sqft
        Source: Maine Listings #1459326 Report a problem
        2/11/2021Listed for sale$725,000-3.3%$535/sqft
        Source: Fontaine Family-The Real Estate Leader #1459326 Report a problem
        7/7/2020Listed for sale$750,000$554/sqft
        Source: Fontaine Family-The Real Estate Leader #1459326 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,375 +19.3%$337,480 +73%
        2023$2,828 +0.7%$195,020
        2022$2,808 -3.8%$195,020 +29.7%
        2021$2,918 $150,420
        2020$2,918 +12.8%$150,420
        2019$2,587 +9.2%$150,420
        2018$2,369 +0.6%$150,420
        2017$2,354 +2.6%$150,420
        2016$2,294 $150,420
        2015$2,294 +1.7%$150,420
        2014$2,256 +0.8%$150,420 +0.8%
        2013$2,239 +5%$149,290 +51.2%
        2012$2,132 +9.2%$98,710 +11.3%
        2011$1,952 $88,710 +3.5%
        2008-- $85,710
        2006$1,697 $85,710
        Find assessor info on the county website

        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.
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        Climate risks

        Neighborhood: 04981

        Getting around

        6 / 100
        Car-Dependent
        10 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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