$3,295,000
$200K PRICE DROP

23 Peabbles Cove Rd Cape Elizabeth, ME 04107

Estimated payment $19,867/month

Total Views 7,598
4 Beds
3 Baths
3,694 Sq Ft
$892 Price per Sq Ft

Highlights

  • 175 Feet of Waterfront
  • Public Beach
  • Finished Room Over Garage
  • Pond Cove Elementary School Rated A
  • Country Club
  • 2.01 Acre Lot

About This Home

Tucked in the quaint seaside neighborhood of Peabbles Cove, this exceptional coastal residence is sited on 2 acres with sweeping water views and deed access to a private cove and long sandy beach. The setting provides a front-row seat to maritime life, framed by Portland Head Light and two additional historic lighthouses while overlooking Whaleback Rock and the dynamic channel into Portland Harbor. A wide wrap-around porch welcomes you into the home through elegant double front doors. Inside, timeless details meet coastal elegance—shiplap walls, rich hardwood flooring, and sun-drenched rooms define the space. The mudroom offers practical charm with tile flooring and built-ins, while the open-concept living area is anchored by a gas fireplace with a textured stone surround. The adjacent sunroom, with vaulted shiplap ceiling and exposed beams, is a cozy retreat with tranquil views and access to the porch. The kitchen is as stylish as it is functional, featuring a large center island with a galley workstation, Wolf & Sub-Zero appliances, striking stone countertops, vibrant lower cabinetry, and a butler's pantry. The dining room is wrapped in windows on three sides, showcasing ocean views. Upstairs, the primary suite is a sanctuary with vaulted ceilings, sitting area, water views, and an ensuite bath featuring a soaking tub, dual vanities, and a walk-in shower. Three additional bedrooms, a full bath w/ custom tile, and a separate laundry room with antique cabinetry complete the upper level. A spacious bonus room over the garage offers flexible space. A plumbed, daylight walk-out basement offers an exceptional opportunity to create a private in-law suite, guest quarters, or a potential income-generating Airbnb. Additional highlights include custom tilework, wallpaper and refined finishes throughout. Outside there are raised garden beds, a firepit, and a small outdoor building with garage bay door. This is Maine coastal living—elevated, effortless, and unforgettable

Listing Agent

Heather Shields

Legacy Properties Sotheby's International Realty Listed on: 06/23/2025

Legacy Properties Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,927

Year Built

  • Built in 2021

Lot Details

  • 2.01 Acre Lot
  • 175 Feet of Waterfront
  • Property fronts a private road
  • Dirt Road
  • Public Beach
  • Street terminates at a dead end
  • Landscaped
  • Level Lot
  • Open Lot
  • Property is zoned RA

Parking

  • 2 Car Direct Access Garage
  • Finished Room Over Garage
  • Heated Garage
  • Automatic Garage Door Opener
  • Gravel Driveway

Property Views

  • Water
  • Scenic Vista
  • Woods

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 3,694 Sq Ft Home
  • Built-In Features
  • Vaulted Ceiling
  • Gas Fireplace
  • Mud Room
  • Living Room
  • Dining Room
  • Home Office
  • Sun or Florida Room
  • Sink in Utility Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Bedroom Suite
  • 3 Full Bathrooms
  • Soaking Tub and Shower Combination in Primary Bathroom
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Natural lighting in basement

Outdoor Features

  • Deck
  • Shed
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Variable Speed HVAC
  • Heating System Uses Gas
  • Heating System Uses Propane

Additional Features

  • Air Exchanger
  • Property is near a golf course

Listing and Financial Details

  • Tax Lot 007
  • Assessor Parcel Number CAPE-003007R-E000002

Community Details

Overview

  • No Home Owners Association
  • Peables Cove Subdivision

Amenities

  • Community Storage Space

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,927

Year Built

Built in 2021

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.01
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel, Dirt
  • Water Body Name: Atlantic Ocean
  • MLS Status: Active
  • Subdivision Name: Peables Cove
  • Directions: Old Ocean House to Peabbles Cove.
  • Above Grade Finished Sq Ft: 3694.0
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Efficiency: HVAC
  • Year Built: 2021
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.01
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3694.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Propane: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Roads:Private: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Cooling:Central Air: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Dining Room:Dining Room: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Kitchen Amenities:Island: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Primary Bedroom Amenities:Suite6: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Room Features:Island2: Yes
  • Room Features:Suite17: Yes
  • Mud Room:Mud Room: Yes
  • Exterior:Clapboard: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Office:Office: Yes
  • Sunroom:Sunroom: Yes
  • Amenities:Attic: Yes
  • Primary Bedroom Amenities:Soaking Tub6: Yes
  • Room Features:Soaking Tub17: Yes
  • Roads:Dead End: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 175.0
  • Water Info:Water Frontage Shared -: 175.0
  • Driveway:Gravel: Yes
  • Dining Room Amenities:Dining Area: Yes
  • Room Features:Dining Area2: Yes
  • View:TreesWoods: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Appliances Included:Gas Range: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Laundry Room:Laundry Room: Yes
  • Office Amenities:Built-Ins16: Yes
  • Room Features:Built-Ins30: Yes
  • Vehicle Storage:Heated: Yes
  • Room Features:Vaulted Ceiling29: Yes
  • Basement Entry:Exterior Only: Yes
  • Green Features:Air Exchanger: Yes
  • Primary Bedroom Amenities:Vaulted Ceiling15: Yes
  • Primary Bedroom Amenities:Separate Shower6: Yes
  • Room Features:Separate Shower17: Yes
  • Living Room Amenities:Gas Fireplace5: Yes
  • Room Features:Gas Fireplace29: Yes
  • Laundry Room Amenities:Built-Ins13: Yes
  • Mud Room Amenities:Built-Ins17: Yes
  • Laundry Room Amenities:Utility Sink: Yes
  • Room Features:Utility Sink2: Yes
  • Energy Efficiency:Variable Speed HVAC: Yes
  • Room Features:Above Garage28: Yes
  • Sunroom Amenities:Vaulted Ceiling18: Yes
  • Bedroom Amenities 4:Above Garage4: Yes
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Roads:Dirt: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Gas Range, Dryer, Dishwasher
  • Has Basement: Interior, Walk-Out Access, Daylight, Full, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Tile
  • Interior Amenities: 1st Floor Bedroom, Attic, Bathtub, Pantry, Shower, Storage, Primary Bedroom w/Bath
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second
  • Laundry Room Laundry Room Level: Second

Exterior Features

  • Lot Features: Well Landscaped, Open, Level, Near Golf Course, Near Public Beach, Near Town, Neighborhood
  • View: Scenic, Trees/Woods
  • Waterfront: Yes
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Heated, Auto Door Opener, 1 - 4 Spaces, Gravel, Inside Entrance

Utilities

  • Laundry Features: Built-Ins, Utility Sink, Upper Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 87555.6
  • Parcel #: CAPE-003007R-E000002
  • Zoning: RA

Tax Info

  • Tax Annual Amount: 21927.4
  • Tax Book Number: 38572
  • Tax Lot: 007
  • Tax Map Number: R03
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $22,202 $2,018,400 $706,800 $1,311,600
2023 $111,615 $2,498,100 $852,100 $1,646,000
2022 $19,327 $913,800 $415,100 $498,700
2021 $9,581 $472,900 $408,800 $64,100
2020 $1,277 $64,100 $0 $64,100
2019 $1,261 $64,100 $0 $64,100
2018 $1,219 $64,100 $0 $64,100
2017 $1,154 $64,100 $0 $64,100
2016 $1,124 $64,100 $0 $64,100
2015 $1,060 $62,800 $0 $62,800
2013 $1,022 $62,800 $0 $62,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Price Changed $3,295,000 -5.7% $892 / Sq Ft
06/23/2025 06/23/25 For Sale $3,495,000 -- $946 / Sq Ft
Source: Maine Listings

Mortgage History

Date Status Loan Amount Loan Type
Closed $300,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

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Source: Maine Listings

MLS Number: 1627780

Maine Listings

APN: CAPE-003007R-E000002