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Cape Elizabeth

Cape Elizabeth

Located in Cumberland County

$1,074,388 Average Value
$546 Average Price per Sq Ft
24 Homes For Sale

Cape Elizabeth exudes classic coastal Maine beauty

A handful of seasonal eateries and 12 miles of craggy Casco Bay shoreline dotted with historic lighthouses make Cape Elizabeth a quintessential Maine community less than 10 miles south of Portland. With more green space than anywhere else in Cumberland County, the town is home to several state parks, acres of conservation land and numerous public beaches. “Most coastal Maine towns are centered around boating, but that’s not what you’ll find in Cape Elizabeth,” says David Jones, owner-broker of F.O. Bailey Real Estate, who has sold several homes in town. “Going to the beach is probably the most popular waterside activity. You have state park access at Two Lights and public access at Cliff House Beach. There are just a ton of options.”

Inland midcentury homes or sprawling estates and vintage cottages with Casco Bay views

Cape Elizabeth’s winding oceanside streets are brimming with rambling, five-bedroom Cape Cods and 1920s cottages featuring private rocky coastline access. These properties are at a higher risk of flooding, costing between $1 million and $3 million, a range higher than a Portland home’s average $600,000 selling price. With lush green quarter-to-one-acre lots, inland dwellings are typically from the midcentury. Homebuyers will find four-bedroom Colonial Revivals and ranch styles costing between $500,000 and $800,000. “This is one of Maine’s most elite coastal areas,” says Jones. “Homes sell fast, and I get a lot of cash offers, usually well above asking price.”

Cape Elizabeth has walkable beaches, vast state parks and Greenbelt Trail hiking

A short walk along a sand dune-encompassed boardwalk leads to the waxing moon-shaped Crescent Beach State Park, where calm waters make swimming, canoeing and mackerel fishing easy. It’s also a popular spot for snowshoeing and cross-country skiing in the winter. The half-mile rocky terrain at Cliff House Beach can be accessed off Shoreline Road. Parking along the thoroughfare is restricted, so visitors must walk to the beach. Boat owners will find numerous town-operated moorings sprinkled along the coast, costing only $50 per year, regardless of location.

Situated on Fort Williams Park’s 90 acres, Portland Head Lighthouse has been active since 1776. While the tower is closed to visitors most of the year, a museum about its history is open year-round in the former keepers' quarters, and 300 people can climb to the top on Sept. 14th to celebrate Maine Open Lighthouse Day. Parkgoers can also explore former military batteries and swim or kayak from the public beach. Two Lights State Park is another green space in the area, offering views of its namesake lighthouses and the Portland Harbor from The Lobster Shack, a popular summer eatery since the 1920s. Hikers can trek through wetlands, fern groves and cedar trees on the town’s Greenbelt Trail network, stretching through conservation lands like Robinson Woods Preserve and Winnick Woods. Largemouth bass fishing at the Great Pond and hiking its 4-mile trail are also popular outdoor activities. “One of the town’s greatest winter pastimes is ice skating and playing hockey on the pond when it freezes,” says Jones.

The highly rated Cape Elizabeth School Department

Children here are part of the Cape Elizabeth School Department, where every school has an overall A grade from Niche. First, they can attend Pond Cove Elementary, then continue to Cape Elizabeth Middle. With several Blue Ribbon Awards, Cape Elizabeth High is where students can conclude their education. The school provides numerous college preparatory classes, ranging from space science to film and media studies.

Cape Elizabeth has a seasonal ice cream stand and a locally owned sandwich shop

Cape Elizabeth doesn’t have a designated downtown district. However, it is sprinkled with numerous locally owned eateries. From Argentinian arepas to Columbian chicharrónes, Tostones Café on Ocean House Road offers an array of Latina food inside a swanky storefront. Locals can pick up a freshly made sandwich or smoothie at C-Salt Gourmet Market for an oceanside picnic. Then, they can end a beach day at Red’s Dairy Freeze, a walk-up, summer-only spot known for soft-serve ice cream since 1952. Locally sourced groceries can be found at Rosemont Market & Bakery on Shore Road, and a more comprehensive selection is available at Hannaford and Shaw’s less than 1 mile north.

Cape Elizabeth is convenient for beachgoers and several other types of travelers

While Cape Elizabeth’s occasional sidewalk-lined street makes it easy to walk to beaches, the town is convenient for several types of travel. Maine Route 77 spans its core, and a 9-mile drive north on the highway leads to Portland, where residents will find the Casco Bay Lines Ferry Terminal. Several South Portland City Bus Service stops sprinkle the area, and it is 12 miles south of the Portland International Jetport.

Jason Veilleux
Photography Contributed By
Jason Veilleux
Antoine Allen
Video By
Antoine Allen

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Cape Elizabeth Housing Trends

Housing Trends

Median List Price
$950,000
Median Sale Price
$891,250
Median Single Family Sale Price
$997,500
Median Townhouse Sale Price
$1,600,000
Median 2 Bedroom Sale Price
$587,500
Median Change From 1st List Price
0%
Last 12 months Home Sales
124
Median Home Sale Price YoY Change
7%
Average Price Per Sq Ft
$546

Neighborhood Facts

Number of Homes for Sale
24
Months of Supply
2.30

Open Houses

  • Saturday, Jul 12
    11am - 1pm

    3 Cape Woods Dr, Cape Elizabeth, ME 04107

    $695,000

    • 2 Beds
    • 2.5 Baths
    • 2,262 Sq Ft
    • 3 Cape Woods Dr
    • New 22 days ago

    Cape Woods Condominiums are well-sited along a tree-lined road that winds to a wooded cul-de-sac. Creating a well-landscaped, inviting setting, the condo community features 22 homes. This cape-style condo has been thoughtfully updated, and includes renovated kitchen with crisp, white cabinetry, black granite countertops, large center island and new appliances. Conveniently located, adjacent to

    Susanne Lamb Town & Shore Real Estate

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Cape Elizabeth Has More Owners

Demographics

Total Population
9,729
Median Age
50
Population under 18
21.6%
On par with the national average
23.8%
Population over 65
27.7%
Above the national average
19.1%

Finances

Median Household Income
$139,649
Significantly above the national average
$71,702
Average Household Income
$169,349

Education and Workforce

High School Graduates
99.4%
College Graduates
74.1%
Significantly above the national average
34.1%
Advanced Degrees
38.9%
Significantly above the national average
13.3%
% Population in Labor Force
70.1%

Weather

Annual Precipitation
49''
Average Winter Low Temperature
16°F
Average Summer High Temperature
79°F
Annual Snowfall
36''

Area Factors

Somewhat Bikeable

Bike Score®®

32 / 100

Car-Dependent

Walk Score®®

7 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Cape Elizabeth