Skip main navigation
Active under contractPrice cut: $49.9K (7/22)
$850,000
2beds
1,115sqft

387 Commercial Street #535, Portland, ME 04101

2beds
1,115sqft
Condominium
Built in 2024
1 Garage space
$762 price/sqft
$518/mo HOA

What's special

Welcome to Unit #535 Hobson's Landing in the recently finished phase II building! This impeccably crafted, two-bedroom, two-bathroom condominium is ideally situated just steps from the vibrant offerings of Portland's Old Port. The inviting unit features 9-foot ceilings, hardwood flooring, and exquisite detailing throughout. The open-concept design includes a stylish kitchen equipped with stainless steel appliances and a spacious peninsula with quartz countertops, seamlessly flowing into a generous dining and living area. This space is anchored by a cozy gas fireplace and large glass slider doors that open to your private deck, perfect for enjoying urban views and bright, natural sunlight. In unit washer and dryer included! The primary suite boasts a roomy walk-in closet and a luxurious bathroom featuring a double vanity with quartz counters, and a large, tiled walk-in shower. Down the hall, you'll find a second bedroom with two closets and a full bathroom with a tub. For added convenience, a dedicated deeded parking space with an electric vehicle charger is located on the first floor of the underground car park and a private, locked storage space are both included. Hobson's Landing offers top-notch amenities, including a clubroom for private events and community gatherings with water views of Casco Bay, an onsite guest suite available for reservation to house your visitors in comfort and extra privacy, a workspace with connectivity and a full time concierge to assist with your day-to-day needs. Residents also enjoy a fitness room, dog washing station, a shared grill on one of the two common outdoor spaces, and access to bikes and even a shared Tesla! Located in the heart of the Old Port, Hobson's Landing provides easy access to local shops, marinas, theaters, multiple museums, and a wide array of award-winning restaurants, all while being close to the Portland International Jetport and Amtrak transportation hub. This home truly embodies the ideal urban lifesty

147 days
|
571
|
16
|
Source: Maine Listings,MLS#: 1657025MLS Logo
Travel times

Kitchen

Living Room

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Gardner Real Estate Group

Source: Maine Listings,MLS#: 1657025MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
Bedroom 1
  • Features: Closet, Full Bath, Suite, Walk-In Closet(s), Double Vanity
  • Level: Upper
  • Area: 361.82 Square Feet
  • Dimensions: 18.32 x 19.75
Bedroom 2
  • Features: Closet
  • Level: Upper
  • Area: 164.72 Square Feet
  • Dimensions: 10.25 x 16.07
Kitchen
  • Features: Kitchen Island
  • Level: Upper
  • Area: 74.91 Square Feet
  • Dimensions: 10.58 x 7.08
Living room
  • Features: Gas Fireplace
  • Level: Upper
  • Area: 249.69 Square Feet
  • Dimensions: 20.67 x 12.08
Heating
  • Heat Pump
Cooling
  • Heat Pump
Appliances
  • Included: Dishwasher, Disposal, Dryer, Gas Range, Refrigerator, Washer
Features
  • 1st Floor Primary Bedroom w/Bath, Bathtub, Elevator, Shower, Storage, Walk-In Closet(s), Primary Bedroom w/Bath
  • Flooring: Laminate, Tile, Wood
  • Windows: Double Pane Windows
  • Basement: Exterior Entry,Interior Entry,Other
  • Number of fireplaces: 1
Interior area
  • Total structure area: 1,115
  • Total interior livable area: 1,115 sqft
  • Finished area above ground: 1,115
  • Finished area below ground: 0
Video & virtual tour

Property

Parking
  • Total spaces: 1
  • Parking features: Common, Paved, 1 - 4 Spaces, On Site, Off Street, Electric Vehicle Charging Station(s), Garage Door Opener, Underground, Basement
  • Garage spaces: 1
Accessibility
  • Accessibility features: 32 - 36 Inch Doors, 48+ Inch Halls, Elevator/Chair Lift
Features
  • Patio & porch: Deck
Lot
  • Features: City Lot, Near Shopping, Near Turnpike/Interstate, Sidewalks, Landscaped
Details
  • Zoning: Mixed Use
  • Other equipment: Internet Access Available

Construction

Type & style
  • Home type: Condo
  • Architectural style: High Rise
  • Property subtype: Condominium
  • Attached to another structure: Yes
Materials
  • Masonry, Brick
  • Foundation: Poured Concrete
  • Roof: Flat,Membrane
Condition
  • Year built: 2024

Utilities & green energy

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water: Public

Community & HOA

Community
  • Security: Fire Sprinkler System
  • Subdivision: Hobsons Landing
HOA
  • Has HOA: Yes
  • HOA fee: $518 monthly
Location
  • Region: Portland

Financial & listing details

  • Price per square foot: $762/sqft
  • Annual tax amount: $9,825
  • Date on market: 4/10/2026
  • Road surface type: Paved

Price history

DateEventPrice
8/19/2026Contingent$850,000$762/sqft
Source: Maine Listings #1657025 Report a problem
7/22/2026Price change$850,000-5.5%$762/sqft
Source: Maine Listings #1657025 Report a problem
6/16/2026Price change$899,900-3.8%$807/sqft
Source: Maine Listings #1657025 Report a problem
4/10/2026Listed for sale$935,000$839/sqft
Source: Maine Listings #1657025 Report a problem
3/11/2025Listing removed$4,500$4/sqft
Source: Zillow Rentals Report a problem
2/25/2025Listed for rent$4,500$4/sqft
Source: Zillow Rentals Report a problem
2/14/2025Listing removed$935,000$839/sqft
Source: Maine Listings #1606899 Report a problem
10/15/2024Listed for sale$935,000+26.8%$839/sqft
Source: Maine Listings #1606899 Report a problem
7/17/2024Sold$737,500+6.1%$661/sqft
Source: Maine Listings #1513851 Report a problem
11/3/2021Pending sale$695,000$623/sqft
Source: Maine Listings #1513851 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment
$5,572/mo
Principal & interest
$4360
Property taxes
$694
HOA Fees
$518
More affordability toolsChevron Right

Estimated market value

$829,700

$788,000 - $871,000

$3,867/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: Downtown

Nearby schools

Howard C Reiche Community School
Grades PK-50.5 miles
3/10
GreatSchools® Rating
Test Score Rating
3/10
King Middle School
Grades 6-81 miles
2/10
GreatSchools® Rating
Test Score Rating
2/10
Portland High School
Grades 9-120.5 miles
4/10
GreatSchools® Rating
Test Score Rating
4/10
College Readiness Rating
5/10