117 Perkins Cove Rd Ogunquit, ME 03907
Ogunquit NeighborhoodEstimated payment $18,065/month
Highlights
- 20 Feet of Waterfront
- Public Beach
- Contemporary Architecture
- Wells Junior High School Rated A-
- Deck
- No HOA
About This Home
Experience coastal luxury in this remarkable multi-family property featuring two completely renovated vacation rental units, each offering exceptional ocean views and modern amenities. This cottage underwent complete reconstruction in 2025, creating a successful investment opportunity in the heart of Perkins Cove.
Both units boast two bedrooms and one bathroom with stunning 200+ sf decks with bold ocean panoramas that stretch to the horizon. Both units include in-unit laundry facilities and showcase quality construction throughout. The custom kitchens enjoy crisp, clean lines with Quartz countertops and upbeat blue custom cabinetry.
The property sits on coveted waterfront land with 20 feet of owned water frontage, allowing guests to launch kayaks directly from the shoreline or simply dip toes in the ocean during the evening stroll. This unique feature transforms every stay into an adventure, whether exploring the rocky coastline or paddling through calm morning waters.
Located in the charming Perkins Cove neighborhood, guests enjoy immediate access to local pottery shops, galleries, and coastal dining. No need to worry about parking. This property enjoys the convenience of a 2 car garage plus room for 3 more vehicles in the private parking area.
The rental income potential proves exceptional, with projections of $200,000 gross revenue in its first year of operation. It is important to note that this property was ready for guests in June thus leaving immense rental potential for full year operation. This turnkey investment combines the appeal of oceanfront living with proven financial performance. Whether you choose to rent both or keep one for yourself and rent the other, this property is a winner.
Quality construction meets coastal charm in this professionally managed rental property, offering investors both immediate income and long-term appreciation potential in one of Maine's most desirable coastal communities.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,363
Year Built
- Built in 1929
Lot Details
- 2,614 Sq Ft Lot
- 20 Feet of Waterfront
- Public Beach
- Level Lot
- Open Lot
Parking
- 2 Car Attached Garage
- Garage Door Opener
Property Views
- Water
- Scenic Vista
Home Design
- Contemporary Architecture
- Cottage
- Pillar, Post or Pier Foundation
- Wood Frame Construction
- Shingle Roof
- Clapboard
Interior Spaces
- 1,368 Sq Ft Home
- 3-Story Property
- Tile Flooring
Bedrooms and Bathrooms
- 2 Full Bathrooms
- Shower Only
Outdoor Features
- Deck
Location
- Property is near a golf course
- City Lot
Utilities
- Cooling Available
- Heat Pump System
- Internet Available
Listing and Financial Details
- Tax Lot 75
- Assessor Parcel Number OGUN-000003-000000-000075
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $5,000
- Gross Income $200,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,363 | $1,449,400 | $1,321,400 | $128,000 |
| 2023 | $9,363 | $1,449,400 | $1,321,400 | $128,000 |
| 2022 | $9,173 | $1,451,500 | $1,323,500 | $128,000 |
| 2021 | $8,789 | $1,079,700 | $945,400 | $134,300 |
| 2020 | $8,638 | $1,079,700 | $945,400 | $134,300 |
| 2019 | $8,638 | $1,079,700 | $945,400 | $134,300 |
| 2018 | $8,540 | $1,079,700 | $945,400 | $134,300 |
| 2017 | $8,184 | $1,079,700 | $945,400 | $134,300 |
| 2016 | $7,495 | $926,400 | $787,800 | $138,600 |
| 2015 | $7,476 | $926,400 | $787,800 | $138,600 |
| 2014 | $7,141 | $920,200 | $787,800 | $132,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/19/2025 09/19/25 | For Sale | $3,299,000 | +73.6% | $2,412 / Sq Ft | |
| 04/26/2024 04/26/24 | Sold | $1,900,000 | -9.3% | $1,389 / Sq Ft | View Prior Sale |
| 02/26/2024 02/26/24 | Pending | -- | -- | -- | |
| 02/14/2024 02/14/24 | For Sale | $2,095,000 | -- | $1,531 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,900,000 | None Available | |
| Warranty Deed | $1,900,000 | None Available | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Maine Listings
MLS Number: 1638334
APN: OGUN-000003-000000-000075
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