Active

Listed by: Anne Erwin Sothebys International Rlty • Anne Erwin Real Estate

Price cut: $96K (9/21)

$1,199,000

20 Nautical Lane, Wells, ME 04090

8beds

1,920sqft

$7,529/mo

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Multi Family

Built in 1985

-- sqft lot

$-- Zestimate^®

$624/sqft

$-- HOA

What's special

Fully furnishedPrivate decksOpen kitchensTwo bedroomsLaundry facilitiesFull basementAmple parking

Strong investment opportunity just steps from sandy Wells Beach. The property features two buildings, each with two units. All four units include two bedrooms, spacious living rooms with vaulted ceilings, open kitchens, full bathrooms, and private decks. Additional amenities include ample parking, a full basement, laundry facilities, and fully furnished. The Town tax card lists the property as a Residential Family duplex with two buildings, while the Town CEO considers it a 4-unit motel. The property is sold as-is. Buyers should verify all zoning and permitted uses with the Town of Wells. This desirable beach property offers significant investment potential.

53 days
719
26

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Baseboard, Electric

Cooling

None

Appliances

Included: Owned Water Heater

Features

Flooring: Laminate
Windows: Double Pane Windows
Basement: Full,Unfinished,Walk-Out Access

Interior area

Total structure area: 3,840
Total interior livable area: 1,920 sqft
Finished area above ground: 1,920
Finished area below ground: 0

Property

Parking

Parking features: Gravel

Features

Levels: One
Exterior features: Deck
Frontage length: Road frontage: 119

Lot

Size: 7,841 Square Feet
Features: Near Country Club, Near Golf Course, Near Shopping

Details

Parcel number: WLLSM125L23
Zoning description: BB

Construction

Type & style

Home type: MultiFamily
Architectural style: Raised Ranch
Property subtype: Multi Family

Materials

Wood Frame
Foundation: Poured Concrete
Roof: Shingle

Condition

New construction: No
Year built: 1985

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Community & HOA

Location

Region: Wells

Financial & listing details

Price per square foot: $624/sqft
Tax assessed value: $952,290
Annual tax amount: $6,152
Date on market: 8/14/2026
Road surface type: Gravel

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/21/2026	Price change	$1,199,000-7.4%$624/sqft
Source: Maine Listings #1676234 Report a problem
8/14/2026	Listed for sale	$1,295,000+145.5%$674/sqft
Source: Maine Listings #1676234 Report a problem
3/23/2017	Sold	$527,600-8.2%$275/sqft
Source: PrimeMLS #4617896 Report a problem
2/20/2017	Price change	$575,000-10%$299/sqft
Source: Anne Erwin Sotheby's International Realty #1294873 Report a problem
11/2/2016	Pending sale	$639,000$333/sqft
Source: Coldwell Banker Y-Gull & Associates #1262405 Report a problem
5/5/2016	Listed for sale	$639,000$333/sqft
Source: Coldwell Banker Y-Gull & Associates #1262304 Report a problem
11/3/2015	Listing removed	$639,000$333/sqft
Source: Coldwell Banker Y-Gull & Associates #1218227 Report a problem
5/26/2015	Listed for sale	$639,000-8.6%$333/sqft
Source: Coldwell Banker Y-Gull & Associates #1216648 Report a problem
12/4/2014	Listing removed	$699,000$364/sqft
Source: Better Homes and Gardens-The Masiello Group #1137770 Report a problem
6/3/2014	Listed for sale	$699,000$364/sqft
Source: Better Homes and Gardens-The Masiello Group #1137770 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,790 +2%	$952,290
2023	$5,676 -6.2%	$952,290 +64.5%
2022	$6,054 -0.2%	$578,780 +0.3%
2021	$6,069 +0.4%	$576,920
2020	$6,046 +0.6%	$576,920
2019	$6,012 +1%	$576,920
2018	$5,954 +1.6%	$576,920
2017	$5,862 +1%	$576,920
2016	$5,804 +1.1%	$576,920
2015	$5,740 +9.1%	$576,920
2013	$5,262 -0.2%	$576,920 -5.6%
2012	$5,272	$610,900
2011	$5,272 +3.6%	$610,900
2009	$5,089 +1.3%	$610,900
2008	$5,022 +47.6%	$610,900 +41.6%
2005	$3,403	$431,320