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  • $3,000,000

    506 Drakes Island Road, Wells, ME 04090

    5beds
    2,350sqft
    Single Family Residence
    Built in 2013
    6,534 Square Feet Lot
    $2,999,700 Zestimate®
    $1,277/sqft
    $3,549 Estimated rent

    Home value

    $2,999,700

    $2.82M - $3.18M

    $3,549/mo

    Zestimate® history
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    What's special

    Direct beachfront accessGenerous oceanfront yardOceanfront contemporary homeFour-and-a-half bathsExpansive eat-in kitchenAmple off-street parkingBreathtaking water views
    Experience coastal living at its finest in this exceptional oceanfront contemporary home perched directly on the sandy shores of Drake's Island Beach. Thoughtfully designed to maximize sweeping Atlantic views and effortless beachside living, this spacious residence offers 5 or 6 bedrooms, four-and-a-half baths, and multiple gathering spaces across three levels. The heart of the home is an open-concept main living area where panoramic ocean vistas provide a stunning backdrop to everyday life. The expansive eat-in kitchen flows seamlessly into the living and sitting areas, creating an inviting space for entertaining family and friends. A convenient powder room completes the main level. A versatile first-floor den with a full ensuite bath offers flexibility as a first-floor bedroom or a great television room. Upstairs, the second level features three guest bedrooms served by a shared bath, along with a serene oceanfront primary suite complete with its own private bath and breathtaking water views. The third floor provides two additional bedrooms and a shared bath, including one bedroom with direct access to a spectacular rooftop deck--the perfect vantage point for sunrise coffee, afternoon sunbathing, or evening stargazing over the Atlantic. Built on elevated piers for enhanced storm protection and peace of mind, the home combines modern coastal design with practical resilience. Outside, a generous oceanfront yard leads to private stairs descending directly to the beach. An outdoor shower makes rinsing off after a day on the sand effortless, while ample off-street parking accommodates family and guests with ease. Offering an unparalleled combination of space, comfort, and direct beachfront access, this remarkable Drake's Island property is a rare opportunity to own a true Maine coastal retreat.

    Zillow last checked:

    Listing updated:

    Listed by:

    Pack Maynard and Associates

    Bought with:

    Legacy Properties Sotheby's International Realty

    Source: Maine Listings,MLS#: 1665085MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Primary bedroom
    • Features: Suite
    • Level: Second
    Bedroom 1
    • Level: Second
    Bedroom 2
    • Level: Second
    Bedroom 3
    • Level: Second
    Bedroom 4
    • Level: Third
    Bedroom 5
    • Level: Third
    Den
    • Features: Built-in Features
    • Level: First
    Kitchen
    • Features: Eat-in Kitchen
    • Level: First
    Living room
    • Level: First
    Heating
    • Baseboard, Heat Pump
    Cooling
    • Heat Pump
    Appliances
    • Included: Dishwasher, Dryer, Gas Range, Refrigerator, Washer
    Features
    • 1st Floor Bedroom
    • Flooring: Luxury Vinyl
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total structure area: 2,350
    • Total interior livable area: 2,350 sqft
    • Finished area above ground: 2,350
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Other, 5 - 10 Spaces
    Features
    • Patio & porch: Deck
    • On waterfront: Yes
    • Body of water: Atlantic ocean
    • Frontage length: Waterfrontage: 87.64,Waterfrontage Owned: 87.64
    Lot
    • Size: 6,534 Square Feet
    • Features: Near Public Beach, Neighborhood, Level, Open Lot
    Details
    • Additional structures: Shed(s)
    • Parcel number: WLLSM142L96
    • Zoning: RD
    • Other equipment: Generator

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame, Vinyl Siding
    • Foundation: Pillar/Post/Pier
    • Roof: Shingle
    Condition
    • Year built: 2013

    Utilities & green energy

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

    Community & HOA

    Location
    • Region: Wells

    Financial & listing details

    • Price per square foot: $1,277/sqft
    • Tax assessed value: $3,376,030
    • Annual tax amount: $19,607
    • Date on market: 6/2/2026
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/30/2026Sold$3,000,000-8.8%$1,277/sqft
    Source: Maine Listings #1665085 Report a problem
    6/17/2026Pending sale$3,290,000$1,400/sqft
    Source: Maine Listings #1665085 Report a problem
    6/6/2026Contingent$3,290,000$1,400/sqft
    Source: Maine Listings #1665085 Report a problem
    6/2/2026Listed for sale$3,290,000$1,400/sqft
    Source: Maine Listings #1665085 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$20,526 +2%$3,376,030
    2023$20,121 +29.7%$3,376,030 +127.7%
    2022$15,511 -0.6%$1,482,840
    2021$15,599 +0.4%$1,482,840
    2020$15,540 +0.6%$1,482,840
    2019$15,451 +1%$1,482,840
    2018$15,303 +1.6%$1,482,840
    2017$15,066 +1%$1,482,840
    2016$14,917 +1.1%$1,482,840
    2015$14,754 +15.1%$1,482,840 +5.5%
    2013$12,818 +10.8%$1,405,450 +4.9%
    2012$11,566 $1,340,160
    2011$11,566 +3.6%$1,340,160
    2009$11,164 $1,340,160
    Find assessor info on the county website

    Neighborhood: 04090

    Nearby schools

    GreatSchools rating
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    $3,059,694