Why Live in Cape Elizabeth
Cape Elizabeth, Maine, showcases classic coastal charm with 12 miles of Casco Bay shoreline and historic lighthouses. Located less than 10 miles south of Portland, it features more green space than anywhere else in Cumberland County, including state parks, conservation land, and public beaches. Popular attractions include Crescent Beach State Park, Two Lights State Park, and the Portland Head Lighthouse at Fort Williams Park. The town’s Greenbelt Trail network offers hiking through Robinson Woods Preserve and Winnick Woods, while Great Pond is ideal for largemouth bass fishing and winter ice skating. Cape Elizabeth’s housing ranges from midcentury homes and sprawling estates to vintage cottages with ocean views. Inland properties feature four-bedroom Colonial Revivals and ranch styles on lush lots. The highly rated Cape Elizabeth School Department serves the area, with Pond Cove Elementary, Cape Elizabeth Middle, and Cape Elizabeth High all receiving high marks. Dining options include Tostones Café for Latina cuisine, C-Salt Gourmet Market for sandwiches and smoothies, and Red’s Dairy Freeze for summer soft-serve ice cream. The town lacks a designated downtown but offers locally sourced groceries at Rosemont Market & Bakery. Conveniently, Maine Route 77 runs through Cape Elizabeth, providing easy access to Portland and the Casco Bay Lines Ferry Terminal, with the Portland International Jetport just 12 miles away.
Home Trends in Cape Elizabeth, ME
On average, homes in Cape Elizabeth, ME sell after 24 days on the market compared to the national average of 50 days. The median sale price for homes in Cape Elizabeth, ME over the last 12 months is $891,250, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$891,250
Median Single Family Sale Price
$980,000
Median Townhouse Sale Price
$1,600,000
Median 2 Bedroom Sale Price
$587,500
Average Price Per Sq Ft
$550
Number of Homes for Sale
23
Last 12 months Home Sales
122
Median List Price
$950,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%