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  • $1,775,000

    478 Drakes Island Road, Wells, ME 04090

    4beds
    2,221sqft
    Single Family Residence
    Built in 1906
    6,969 Square Feet Lot
    $1,775,200 Zestimate®
    $799/sqft
    $3,430 Estimated rent

    Home value

    $1,775,200

    $1.67M - $1.88M

    $3,430/mo

    Zestimate® history
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    $8,991/mo

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    $8,991/mo

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    What's special

    Oversized islandQuartz countertopsOversized shedThird-floor loftWelcoming front porchAll new cabinetryHidden office area
    Located just steps away from one of Southern Maine's most beautiful beaches, Drakes Island offers the warmth of a small beach community with the peacefulness of coastal living. ''Saccarappa,'' an original Drakes Island cottage built in1906 meaning ''the falling toward the rising sun'', has been thoughtfully renovated and is now on the market, ready for new owners to make their mark. This unique coastal find offers 2,221 square feet of living space with 4 bedrooms, 3 full bathrooms, separate living and family rooms with 2 fireplaces, an inviting dining area, and a third-floor loft. The brand-new kitchen boasts quartz countertops, all new cabinetry, an oversized island, hidden office area, and modern appliances including a beverage refrigerator. It's an ideal home for gatherings, simple relaxation, or quiet retreats. The house blends modern updates including six mini-split units for heating and cooling with classic character-rich wood floors, a welcoming front porch, a spacious back patio, and an oversized shed surrounded by mature gardens and landscaping. ''Saccarappa'' is move-in ready with many furnishings included. Take a bike ride up to the Community House for a summertime packed with activities: tennis, basketball, pickleball, a 5K road race, Fourth of July parade, children's day camps and craft nights. Become part of this charming community!

    Zillow last checked:

    Listing updated:

    Listed by:

    Pack Maynard and Associates

    Bought with:

    Pack Maynard and Associates

    Source: Maine Listings,MLS#: 1658445MLS 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
    Bedroom 4
    • Level: First
    Den
    • Level: First
    Dining room
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Level: First
    Heating
    • Heat Pump, Hot Water
    Cooling
    • Heat Pump
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
    Features
    • 1st Floor Bedroom, Bathtub, Shower, Walk-In Closet(s), Primary Bedroom w/Bath
    • Flooring: Tile, Wood
    • Windows: Double Pane Windows
    • Basement: Exterior Entry,Crawl Space
    • Number of fireplaces: 2
    Interior area
    • Total structure area: 2,221
    • Total interior livable area: 2,221 sqft
    • Finished area above ground: 2,221
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved, 1 - 4 Spaces
    Features
    • Levels: Multi/Split
    • Patio & porch: Patio, Porch
    • Has view: Yes
    • View description: Scenic
    Lot
    • Size: 6,969 Square Feet
    • Features: Near Golf Course, Near Public Beach, Near Shopping, Neighborhood, Level, Right of Way, Landscaped
    Details
    • Additional structures: Shed(s)
    • Parcel number: WLLSM142L30
    • Zoning: RD
    • Other equipment: Internet Access Available

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage,Shingle
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame, Shingle Siding
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Year built: 1906

    Utilities & green energy

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

    Community & HOA

    Community
    • Subdivision: Drakes Island Improvement Association
    HOA
    • Has HOA: Yes
    • HOA fee: $200 annually
    Location
    • Region: Wells

    Financial & listing details

    • Price per square foot: $799/sqft
    • Tax assessed value: $1,643,110
    • Annual tax amount: $10,623
    • Date on market: 4/20/2026
    • Road surface type: Paved

    Price history

    DateEventPrice
    8/1/2026Pending sale$1,895,000+6.8%$853/sqft
    Source: Maine Listings #1658445 Report a problem
    7/30/2026Sold$1,775,000-6.3%$799/sqft
    Source: Maine Listings #1658445 Report a problem
    5/11/2026Contingent$1,895,000$853/sqft
    Source: Maine Listings #1658445 Report a problem
    4/20/2026Listed for sale$1,895,000$853/sqft
    Source: Maine Listings #1658445 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$9,990 +3.6%$1,643,110 +1.5%
    2023$9,646 +30.8%$1,618,470 +129.6%
    2022$7,373 -0.6%$704,880
    2021$7,415 +0.4%$704,880
    2020$7,387 +0.6%$704,880
    2019$7,345 +1%$704,880
    2018$7,274 +1.6%$704,880
    2017$7,162 +5.9%$704,880 +4.8%
    2016$6,764 +1.1%$672,390
    2015$6,690 +9.1%$672,390
    2013$6,132 +10.5%$672,390 +4.5%
    2012$5,551 $643,220
    2011$5,551 +3.6%$643,220
    2009$5,358 +1.2%$643,220 -0.1%
    2008$5,292 +79.6%$643,820 +72.4%
    2005$2,947 $373,510
    Find assessor info on the county website

    Neighborhood: 04090

    Nearby schools

    GreatSchools rating
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    $1,775,200
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    With Zillow Showcase(estimated)
    $1,810,704