NOT LISTED FOR SALE

272 Island Beach Rd Wells, ME 04090

Estimated Value: $3,643,000 - $3,930,000

7 Beds
6 Baths
3,459 Sq Ft
$1,084/Sq Ft Est. Value

Last Sold September 20, 2024

Last sale price $3,850,000 $1,113 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $21,402/month

15 Days on Market

Highlights

  • Ocean Front
  • Nearby Water Access
  • 1 Acre Lot
  • Wells Junior High School Rated A-
  • Public Beach
  • Deck

About This Home

As of September 2024

This is the home you have been waiting for. Situated across the pristine sandy beach of Drakes Island, this custom built all wood home provides ample space for you and your guests. Multiple decks, along with large and abundant windows on each floor, allow for ocean viewing from the house, this home is sure to satisfy anyone's coastal dreams. The property in on an acre of land, allowing for space and privacy, large parking area accommodates many cars, as well and a fire pit and two sheds for storage. There are two access points to the beach just steps away.
Inside, you will find ample gathering places on the first and second floor. Five guest bedrooms, 2 full and one-half baths, laundry area, and living room, your family won't lack for space. The main floor is an open concept area with a large kitchen, butler's pantry, wine bar, two more drawer refrigerators in addition to the main one, a screened porch, a gas fireplace, and front and rear decks to enjoy dinning outside and sunsets.
The third floor features two ensuite bedrooms, an office nook, private deck with sweeping views and refreshing sea breezes, a gas fireplace, and another laundry area.
Exquisite details in the different woods used throughout this home provide that traditional Maine cottage feel mixed with the comforts one would expect in a modern home.
Drakes is known for its family focus, there is a community center, tennis facilities and many recreational children and adult activities for those who join the Association.
Furniture is negotiable.

Last Agent to Sell the Property

Cathy Bame

Coldwell Banker Realty Brokerage Phone: 207-967-9900 Listed on: 08/01/2024

Coldwell Banker Realty

Co-Listed By

Stephanie Tremblay

Coldwell Banker Realty Brokerage Phone: 207-967-9900

Last Buyer's Agent

Anne Banfield

Portside Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,614

Year Built

  • Built in 2007

Lot Details

  • 1 Acre Lot
  • Ocean Front
  • Public Beach
  • Landscaped
  • Level Lot
  • Open Lot
  • Irrigation
  • Wooded Lot
  • Property is zoned RD

Property Views

  • Water
  • Scenic Vista
  • Woods

Home Design

  • New Englander Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 3,459 Sq Ft Home
  • 2 Fireplaces
  • Great Room
  • Family Room
  • Dining Room
  • Home Security System

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Shower Only

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Deck
  • Patio
  • Shed
  • Enclosed Glass Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Tankless Water Heater
  • Water Heated On Demand
  • Internet Available

Community Details

  • No Home Owners Association
  • Drake's Island Subdivision

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number WLLS-000142-000000-000056

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,614

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • Co List Office Mls Id: 1009
  • Co List Office Phone: 207-967-9900
  • MLS Status: Closed
  • Subdivision Name: Drake's Island
  • Directions: Route 1 north from Wells center and turn right onto Drake's Island Road. Go to end and turn left, property is on the left. GPS friendly
  • Above Grade Finished Sq Ft: 3459.0
  • Architectural Style: New Englander, Other Style
  • Garage Yn: No
  • Efficiency: Tankless Water Heater, Insulated Foundation
  • Year Built: 2007
  • Attribution Contact: 207-967-9900
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.0
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 3459.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:On Demand: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Amenities:Security System: Yes
  • Kitchen Countertop:Granite: Yes
  • Driveway:Common2: Yes
  • Amenities:Shower: Yes
  • Cooling:Central Air: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Dining Room:Dining Room: Yes
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Recreational Water:Nearby: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Equipment:Internet Access Available: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Family Room:Family Room: Yes
  • Property Information:Deed Restrictions: Unknown
  • Appliances Included:Gas Range: Yes
  • Property Information:Bank Owned REO: No
  • Great Room:Great Room: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Tankless Water Heater: Yes
  • Water Info:Island3: No
  • Style:New Englander: Yes
  • Amenities:Irrigation System: Yes
  • Other Structures:Shed: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Gas Range, Dryer, Dishwasher
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Walk-in Closets, 1st Floor Bedroom, Other, Pantry, Shower, Primary Bedroom w/Bath
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Bedroom 4 Level: First
  • Dining Room Dining Room Level: Second
  • Kitchen Kitchen Level: Second
  • Bedroom 1:Bedroom 1 Level: First
  • Bedroom 5:Bedroom 5 Level: Second
  • Bedroom 6:Bedroom 6 Level: Third
  • Bedroom 7:Bedroom 7 Level: Third

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Wooded, Near Public Beach, Neighborhood, Irrigation System
  • View: Scenic, Trees/Woods
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Glass Enclosed, Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Common, On Site, Off Street

Utilities

  • Laundry Features: Upper Level
  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: Wells-Ogunquit CSD

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 43560.0
  • Parcel #: WLLS-000142-000000-000056
  • Zoning: RD

Tax Info

  • Tax Annual Amount: 17614.0
  • Tax Book Number: 15505
  • Tax Lot: 56
  • Tax Map Number: 142
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2013
Sold by
Lobster View Llc
Bought by
Rebecca G Furman Ret and Furman John R
Current Estimated Value
$3,750,838

Purchase Details

Closed on
Oct 15, 2008
Sold by
Lobster View Llc
Bought by
Lobster View Llc
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rebecca G Furman Ret -- --
Rebecca G Furman Ret -- --
Lobster View Llc -- --
Lobster View Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lobster View Llc $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2024 09/20/24 Sold $3,850,000 -2.5% $1,113 / Sq Ft
08/17/2024 08/17/24 Pending -- -- --
08/01/2024 08/01/24 For Sale $3,950,000 -- $1,142 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

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 $18,190 $2,991,850 $1,995,050 $996,800
2023 $17,614 $2,955,300 $1,996,240 $959,060
2022 $15,813 $1,511,740 $844,310 $667,430
2021 $15,904 $1,511,740 $843,760 $667,980
2020 $15,843 $1,511,740 $844,310 $667,430
2019 $15,505 $1,488,010 $844,310 $643,700
2018 $15,356 $1,488,010 $844,310 $643,700
2017 $15,118 $1,488,010 $844,310 $643,700
2016 $14,969 $1,488,010 $844,310 $643,700
2015 $16,167 $1,624,850 $844,310 $780,540
2013 $14,825 $1,625,570 $844,310 $781,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1598612

Maine Listings

APN: WLLS-000142-000000-000056