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  • $1,100,000

    551 Shore Road, Cape Elizabeth, ME 04107

    7beds
    4,537sqft
    Multi Family
    Built in 1875
    -- sqft lot
    $1,099,900 Zestimate®
    $242/sqft
    $3,123 Estimated rent

    Home value

    $1,099,900

    $1.04M - $1.15M

    $3,123/mo

    Zestimate® history
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    $7,138/mo

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    What's special

    Two three-bedroom unitsCovered front porchHardwood floorsSeparate heating systemsSpacious one-bedroomLeaded glass detailsOriginal character
    Set along one of Cape Elizabeth's most recognizable stretches of Shore Road, this three-unit property sits across from the Cookie Jar and just down the road from Rosemont Market, Cliff House Beach and the coastline beyond. Inside are three distinct residences, ranging from a spacious one-bedroom to two three-bedroom units, each with its own dedicated office and covered front porch. Hardwood floors, leaded glass details and original character give the building a sense of place, while separate heating systems and hot water heaters offer practical independence between units. Zoned BA, the property brings an added layer of flexibility to an already unique offering. Whether considered as an investment, an owner-occupied property, or something more creative over time, this is a one-of-a-kind opportunity in the heart of Cape Elizabeth's Shore Road corridor.

    Zillow last checked:

    Listing updated:

    Listed by:

    Portside Real Estate Group

    Bought with:

    Gardner Real Estate Group

    Source: Maine Listings,MLS#: 1673890MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Steam
    Cooling
    • None
    Features
    • 1st Floor Bedroom
    • Flooring: Vinyl, Wood
    • Basement: Interior Entry,Full,Unfinished
    • Number of fireplaces: 2
    Interior area
    • Total structure area: 4,537
    • Total interior livable area: 4,537 sqft
    • Finished area above ground: 4,537
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved, 5 - 10 Spaces
    Features
    • Stories: 3
    • Patio & porch: Deck, Porch
    • Body of water: Atlantic
    Lot
    • Size: 10,454 Square Feet
    • Features: Near Public Beach, Near Shopping, Near Town, Level, Open Lot
    Details
    • Parcel number: CAPEU01007000000
    • Zoning: BA + RC

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Shingle
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Shingle Siding, Vinyl Siding
    • Roof: Shingle
    Condition
    • Year built: 1875

    Utilities & green energy

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

    Community & HOA

    Location
    • Region: Cape Elizabeth

    Financial & listing details

    • Price per square foot: $242/sqft
    • Tax assessed value: $1,262,300
    • Annual tax amount: $14,807
    • Date on market: 7/29/2026
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/19/2026Sold$1,100,000-8.3%$242/sqft
    Source: Maine Listings #1673890 Report a problem
    9/17/2026Pending sale$1,200,000$264/sqft
    Source: Maine Listings #1673890 Report a problem
    7/29/2026Listed for sale$1,200,000$264/sqft
    Source: Maine Listings #1673890 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$28,200 $1,262,300
    2023$28,200 +236%$1,262,300 +218%
    2022$8,394 +4.4%$396,900
    2020$8,041 +2.9%$396,900
    2019$7,811 +3.5%$396,900
    2018$7,549 +5.7%$396,900
    2017$7,144 +2.6%$396,900
    2016$6,962 +3.9%$396,900
    2015$6,700 +3.7%$396,900
    2013$6,462 +2.8%$396,900
    2012$6,287 +7%$396,900 +2.6%
    2011$5,873 +11.8%$386,900 +29.2%
    2009$5,253 +0.4%$299,500 -0.2%
    2008$5,232 +8.6%$300,000 +0.6%
    2006$4,817 $298,100
    Find assessor info on the county website

    Neighborhood: 04107

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,099,900
    2% more
    +$21,998
    With Zillow Showcase(estimated)

    $1,121,898

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,099,900
    2% more
    +$21,998
    With Zillow Showcase(estimated)

    $1,121,898