Rare opportunity to own a 2 acre legacy waterfront property with over 200 feet of
owned frontage on highly sought-after Forest Lake. Tucked away in a peaceful ''no
wake'' cove, this extraordinary property offers unmatched privacy, breathtaking west
and southwest facing lake views, and stunning sunsets year-round. Just 20 minutes
from Portland, the location also offers convenient access to I-95.
Set on an exceptionally beautiful lot with granite ledges, mature trees, and a park-like
setting, the property features a classic seasonal cottage. A private sandy beach with
gradual walk-in access creates the perfect setting for swimming, boating, and lakeside
gatherings, with multiple options for future dock placement.
Forest Lake is known for its quiet, private feel with no public access, spanning 211
acres with approximately four miles of shoreline and excellent large and smallmouth
bass fishing. The setting is equally appealing to nature lovers, with frequent sightings of
loons, bald eagles, osprey, and other native wildlife, all surrounded by old-growth
hemlocks, white pines, and oaks.
The cottage is in need of significant renovation or replacement, offering a rare
opportunity to restore, rebuild, or reimagine the property into a one-of-a-kind waterfront
retreat. The property also includes a newly approved four-bedroom septic design ready
for filing by the next owner, as well as a 1,200 square foot lakeside grand stone patio
overlooking the water.
A truly special offering where the value is in the land, the setting, and the opportunity to
create something exceptional on one of the area's most treasured lakes.
Active
$630,000
23 Old Road, Gray, ME 04039
3beds
1,750sqft
Single Family Residence
Built in 1955
2.11 Acres Lot
$833,600 Zestimate®
$360/sqft
$13/mo HOA
What's special
Classic seasonal cottageMature treesStunning sunsets year-round
- 1 day |
- 1,121 |
- 87 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Vitalius Real Estate Group, LLC
Source: Maine Listings,MLS#: 1666795
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bedroom 1
- Level: First
Bedroom 2
- Level: First
Bedroom 3
- Level: First
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Other, Forced Air
Cooling
- None
Appliances
- Included: Gas Range, Refrigerator
Features
- Flooring: Hardwood, Linoleum
- Basement: Exterior Entry,Dirt Floor,Crawl Space,Sump Pump
- Number of fireplaces: 1
Interior area
- Total structure area: 1,750
- Total interior livable area: 1,750 sqft
- Finished area above ground: 1,750
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Paved, 5 - 10 Spaces, On Site, Detached
- Garage spaces: 2
Features
- Patio & porch: Patio, Screened
- Has view: Yes
- View description: Scenic, Trees/Woods
- Body of water: Forest Lake
- Frontage length: Waterfrontage: 215,Waterfrontage Owned: 215
Lot
- Size: 2.11 Acres
- Features: Near Turnpike/Interstate, Rural, Rolling Slope, Wooded
Details
- Parcel number: GRAYM075B201L008000
- Zoning: Shoreland
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Camp,Cottage,Ranch
- Property subtype: Single Family Residence
Materials
- Wood Frame, Wood Siding
- Foundation: Pillar/Post/Pier
- Roof: Shingle
Condition
- Year built: 1955
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer, Unknown, Septic Design Available, Septic Needed
- Water: Private, Seasonal, Well, Well Needed on Site
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $150 annually
Location
- Region: Gray
Financial & listing details
- Price per square foot: $360/sqft
- Tax assessed value: $556,900
- Annual tax amount: $5,391
- Date on market: 6/11/2026
- Road surface type: Dirt
Estimated market value
$833,600
$750,000 - $934,000
$3,065/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Listed for sale | $630,000+5.9%$360/sqft |
Source: | ||
| 6/29/2022 | Sold | $595,000$340/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,402 -23.3% | $556,900 +20% |
| 2023 | $7,042 +8.8% | $463,900 |
| 2022 | $6,471 -2.4% | $463,900 +3.2% |
| 2020 | $6,629 | $449,400 |
| 2019 | $6,629 +5.4% | $449,400 |
| 2018 | $6,292 +34% | $449,400 +72.8% |
| 2017 | $4,695 -1.4% | $260,100 |
| 2016 | $4,760 +0.5% | $260,100 |
| 2015 | $4,734 | $260,100 |
| 2014 | $4,734 +14.8% | $260,100 0% |
| 2012 | $4,123 +2.6% | $260,111 |
| 2011 | $4,019 | $260,111 +0% |
| 2009 | -- | $260,110 |
| 2008 | -- | $260,110 |
| 2005 | $3,225 | $260,110 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 04039
Nearby schools
GreatSchools rating
- NARussell SchoolGrades: K-2Distance: 4.6 mi
- 5/10Gray-New Gloucester Middle SchoolGrades: 5-8Distance: 5.7 mi
- 5/10Gray-New Gloucester High SchoolGrades: 9-12Distance: 5.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Cumberland County
- Gray
- 04039
- 23 Old Road





