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  • $780,000

    53 Loon Cove, Palermo, ME 04354

    3beds
    1,775sqft
    Single Family Residence
    Built in 1960
    0.35 Acres Lot
    $802,900 Zestimate®
    $439/sqft
    $2,155 Estimated rent

    Home value

    $802,900

    Estimated sales range

    Not available

    $2,155/mo

    Zestimate® history
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    What's special

    Propane stoveGranite countertopsTongue and groove pineDining nookFire pitSpacious deckLakefront property
    Welcome to a truly special lakefront property where every detail has been carefully crafted. Set on 75 feet of frontage on Sheepscot Lake, a true gem of Central Maine, this west-facing haven delivers some of the most unforgettable sunsets you'll ever view. Offering 3 bedrooms, 1.5 bathrooms, & 1775 square feet, this immaculate property includes a main home, newly built bunkhouse (2024), & an absolutely charming guest cottage - each building is in like-new condition & thoughtfully designed for style & comfort. The main house is perched within 30 feet from the water's edge, giving you that rare close-to-the-lake living experience. Inside, you'll find an open concept layout in the living & dining area with a loft above for additional sleeping space. The propane stove in the living room throws serious heat & makes wintertime magical in this part of the home. The kitchen features granite countertops & a delightful dining nook overlooking the water. Step out through the glass sliders onto a spacious deck with stairs leading down toward the lake - plenty of room for outdoor furniture in this area. A fire pit tops it off to give the waterfront space that endless amount of relaxation kind of vibe. The brand new bunkhouse is a showstopper all on its own. The main floor boasts a large family room, a stylish half bathroom, & a laundry area, while modern cable railing & shiplap walls lead you upstairs to a well-designed space that easily sleeps up to eight guests. There's also a heated garage on the lower level. Across the road there is a new 14'x24' shed offering excellent storage. The guest cottage will steal your heart. Finished with tongue & groove pine & complete with its own restroom. Each of the 3 buildings is equipped with heat pumps for year round comfort. Parking areas on both sides of the road. Whether you're looking for a peaceful getaway or a year-round home on a desirable lake, this property delivers the total package. Words can't do it justice, so come see it!

    Zillow last checked:

    Listing updated:

    Listed by:

    Brookewood Realty

    Bought with:

    Brookewood Realty

    Source: Maine Listings,MLS#: 1628919MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Bedroom 1
    • Features: Cathedral Ceiling(s), Closet
    • Level: First
    Bedroom 2
    • Features: Cathedral Ceiling(s)
    • Level: First
    Bedroom 3
    • Features: Above Garage, Closet
    • Level: First
    Bonus room
    • Level: First
    Family room
    • Level: First
    Kitchen
    • Features: Cathedral Ceiling(s)
    • Level: First
    Living room
    • Features: Cathedral Ceiling(s), Heat Stove
    • Level: First
    Loft
    • Features: Ladder, Sleeping
    • Level: Second
    Sunroom
    • Features: Four-Season
    • Level: First
    Heating
    • Heat Pump, Other
    Cooling
    • Heat Pump
    Appliances
    • Included: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
    Features
    • 1st Floor Bedroom, One-Floor Living, Shower
    • Flooring: Carpet, Tile, Plank
    • Basement: Exterior Entry,Dirt Floor,Crawl Space
    • Has fireplace: No
    Interior area
    • Total structure area: 1,775
    • Total interior livable area: 1,775 sqft
    • Finished area above ground: 1,775
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Gravel, 5 - 10 Spaces, On Site, Off Street, Heated Garage
    • Attached garage spaces: 1
    Features
    • Patio & porch: Deck
    • Has view: Yes
    • View description: Scenic
    • Body of water: Sheepscot
    • Frontage length: Waterfrontage: 75,Waterfrontage Owned: 75
    Lot
    • Size: 0.35 Acres
    • Features: Rural, Level, Open Lot, Landscaped
    Details
    • Additional structures: Shed(s)
    • Parcel number: PALEMD2L42
    • Zoning: Shoreland
    • Other equipment: Internet Access Available

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cape Cod,Ranch
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame, Vinyl Siding
    • Foundation: Pillar/Post/Pier
    • Roof: Metal,Shingle
    Condition
    • Year built: 1960

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Private Sewer, Septic Design Available
    • Water: Private, Well

    Community & neighborhood

    Location
    • Region: Palermo

    Other

    Other facts
    • Road surface type: Gravel

    Price history

    DateEventPrice
    9/5/2025Sold$780,000-1.9%$439/sqft
    Source: Maine Listings #1628919 Report a problem
    8/7/2025Pending sale$795,000$448/sqft
    Source: Maine Listings #1628919 Report a problem
    7/18/2025Price change$795,000-5.2%$448/sqft
    Source: Maine Listings #1628919 Report a problem
    7/2/2025Listed for sale$839,000+219.6%$473/sqft
    Source: Maine Listings #1628919 Report a problem
    6/11/2019Sold$262,500-11%$148/sqft
    Source: Maine Listings #1404012 Report a problem
    3/27/2019Pending sale$295,000$166/sqft
    Source: Coldwell Banker Rizzo Mattson, Realtors #1404012 Report a problem
    8/9/2018Listed for sale$295,000$166/sqft
    Source: Coldwell Banker Rizzo Mattson #1365414 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,150 +4.5%$273,900
    2023$3,013 +5.8%$273,900
    2022$2,849 -2.6%$273,900 +29.2%
    2021$2,926 +2.2%$212,000
    2020$2,862 +1.5%$212,000
    2019$2,820 +4.8%$212,000
    2018$2,692 -5.2%$212,000
    2017$2,841 +1.5%$212,000
    2016$2,798 +1.1%$212,000 +1.9%
    2015$2,768 +18.7%$208,100 +2.7%
    2013$2,331 $202,700
    2012$2,331 $202,700
    2010-- $202,700
    2008-- $202,700

    Find assessor info on the county website

    Neighborhood: 04354

    Nearby schools

    GreatSchools rating
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