Experience Maine's luxury coastal living at 383 Commercial Street at Hobson's Landing, Portland's premier waterfront address, recently completed in 2024. This 5th floor, two bedroom residence offers a rare opportunity to own a sophisticated urban condo in a prime Old Port location. Designed for effortless single level living, the open concept layout connects an eat-in kitchen, dining area, and a sunlit living room that opens to a private corner deck. A versatile den provides the ideal space for a home office, reading nook, or media room. The spacious primary suite features a walk-in closet, an ensuite bath with double vanity, and thoughtful privacy with additional access to the deck. A second bedroom, full guest bath, and a centrally located laundry area add comfort and convenience. Residents enjoy full access to Hobson's Landing's exceptional amenities, including a welcoming lobby with concierge service, clubroom with fireplace, state-of-the-art fitness center, and lovely outdoor courtyards. This condo is also complimented by reserved garage parking and an electric vehicle charging station. All just around the corner from Portland's celebrated restaurants, boutique shops, galleries, and the working waterfront — everything you need is right at your fingertips.
Closed
$1,450,000
387 Commercial Street #525, Portland, ME 04101
2beds
1,648sqft
Condominium
Built in 2023
-- sqft lot
$1,498,400 Zestimate®
$880/sqft
$4,054 Estimated rent
Home value
$1,498,400
Estimated sales range
Not available
$4,054/mo
Zestimate® history
Owner options
List your home for rent
$4,054/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$4,054/mo
Rent Zestimate®
Refinance and save
$7,940/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$7,940/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Private corner deckFull guest bathEat-in kitchenHome officeSecond bedroomWalk-in closetVersatile den
Zillow last checked:
Listing updated:
Listed by:
RE/MAX By The Bay
Bought with:
Town & Shore Real Estate
Source: Maine Listings,MLS#: 1636011
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Balcony/Deck, Double Vanity, Full Bath, Suite, Walk-In Closet(s)
- Level: First
Bedroom 2
- Features: Full Bath, Suite
- Level: First
Den
- Level: First
Dining room
- Features: Dining Area
- Level: First
Kitchen
- Features: Eat-in Kitchen, Kitchen Island
- Level: First
Living room
- Features: Built-in Features
- Level: First
Heating
- Forced Air, Heat Pump, Zoned
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Gas Range, Refrigerator
Features
- Elevator, One-Floor Living, Shower, Storage, Walk-In Closet(s), Primary Bedroom w/Bath
- Flooring: Tile, Wood
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,648
- Total interior livable area: 1,648 sqft
- Finished area above ground: 1,648
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Common, Paved, 1 - 4 Spaces, On Site, Electric Vehicle Charging Station(s)
- Garage spaces: 1
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Scenic
Lot
- Features: Business District, City Lot, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Sidewalks, Landscaped
Details
- Zoning: Mixed Use
- Other equipment: Cable, Internet Access Available
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary
- Property subtype: Condominium
Materials
- Steel Frame, Brick, Clapboard
- Roof: Flat,Membrane
Condition
- Year built: 2023
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Hobsons Landing
HOA
- Has HOA: Yes
- HOA fee: $627 monthly
Location
- Region: Portland
Financial & listing details
- Price per square foot: $880/sqft
- Annual tax amount: $1
- Date on market: 8/29/2025
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2025 | Sold | $1,450,000-6.5%$880/sqft |
Source:  Maine Listings #1636011 Report a problem | ||
| 10/7/2025 | Pending sale | $1,550,000$941/sqft |
Source: Maine Listings #1636011 Report a problem | ||
| 9/29/2025 | Contingent | $1,550,000$941/sqft |
Source: Maine Listings #1636011 Report a problem | ||
| 8/29/2025 | Listed for sale | $1,550,000+53.5%$941/sqft |
Source: Maine Listings #1636011 Report a problem | ||
| 6/25/2024 | Sold | $1,010,000+3.6%$613/sqft |
Source: Maine Listings #1516608 Report a problem | ||
| 12/15/2021 | Pending sale | $975,000$592/sqft |
Source: Maine Listings #1516608 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Downtown
Nearby homes
- $1,360,0002 bd2 ba1.5k sqft387 Commercial St #430, Portland, ME 04101Sold
- $769,0001 bd1 ba1k sqft387 Commercial St #432, Portland, ME 04101For Sale
- $639,0001 bd1 ba1k sqft387 Commercial St #334, Portland, ME 04101For Sale
- $1,159,0002 bd2 ba1.3k sqft383 Commercial St #604, Portland, ME 04101Sold
- $650,0002 bd2 ba1.1k sqft25 High St UNIT 210, Portland, ME 04101Sold
- $2,005,0002 bd3 ba1.5k sqft387 Commercial St #709, Portland, ME 04101Sold
- $1,995,0002 bd3 ba1.6k sqft387 Commercial St #614, Portland, ME 04101Sold
- $650,0001 bd1 ba828 sqft383 Commercial St #406, Portland, ME 04101Sold
Nearby schools
GreatSchools rating
- 3/10Howard C Reiche Community SchoolGrades: PK-5Distance: 0.5 mi
- 2/10King Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10Portland High SchoolGrades: 9-12Distance: 0.5 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$1,498,400
2% more
+$29,968
With Zillow Showcase(estimated)
$1,528,368
- Maine
- Cumberland County
- Portland
- 04101
- Downtown
- 387 Commercial Street Unit 525
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Portland Topics
