NOT LISTED FOR SALE

287 Island Beach Rd Wells, ME 04090

Estimated Value: $3,486,000 - $4,415,000

4 Beds
4 Baths
3,468 Sq Ft
$1,149/Sq Ft Est. Value

Last Sold January 13, 2021

Last sale price $2,750,000 $793 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $23,133/month

58 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 80 Feet of Waterfront
  • Deck
  • Wells Junior High School Rated A-
  • Public Beach
  • Contemporary Architecture

About This Home

As of January 2021

From the minute you walk in, you will be embraced by the beauty of this spectacular Drakes Island home. Arrive to sweeping ocean views from Kennebunkport to Cape Neddick and a gorgeous half mile sandy beach right outside your door! Its oceanside deck is the perfect place to watch both the sunrise and sunset over the sandy Drakes Island shores. The sensational open floor plan with beautiful hardwood floors invites ocean breezes and
is perfect for entertaining! Enjoy cooking in your stunning Chef's kitchen which opens to the high ceiling living room with gas fireplace. Four bedrooms, each with private baths, allow plenty of room for family and guests. Take the elevator to the second floor where you will find the sensational master suite, with gas fireplace, walk in closet, ensuite tiled and granite bath and office/sitting space. The first floor home office is the perfect place to work from home. With a two car attached garage,
air conditioning, ceiling fans, large laundry room, ample storage, seaside deck & so much more, this is a rare find. Relax and enjoy ocean breezes from this fabulous seaside retreat on the quiet Northern end of the island. Enjoy daily walks on the beach or take a walk on the peaceful trails nearby alongside the Rachel Carson Wildlife Refuge & Laudholm Farm. This is the best of the best!

Last Agent to Sell the Property

Betsy Coughlan

Legacy Properties Sotheby's International Realty Listed on: 11/19/2020

Last Buyer's Agent

Troy Williams

Keller Williams Coastal and Lakes & Mountains Realty

Keller Williams Coastal and Lakes & Mountains Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,720

Year Built

  • Built in 2008

Lot Details

  • 9,583 Sq Ft Lot
  • 80 Feet of Waterfront
  • Ocean Front
  • Public Beach
  • Landscaped
  • Level Lot
  • Open Lot
  • Irrigation
  • Property is zoned CR

Parking

  • 2 Car Direct Access Garage
  • Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,468 Sq Ft Home
  • Built-In Features
  • Coffered Ceiling
  • 2 Fireplaces
  • Fireplace Features Blower Fan
  • Gas Fireplace
  • Double Pane Windows
  • Living Room
  • Dining Room
  • Home Office
  • Sink in Utility Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • 4 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Shower Only

Laundry

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

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Crawl Space

Home Security

  • Home Security System
  • Storm Doors

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deck

Location

  • Property is near public transit
  • Property is near a golf course

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Tax Lot 79
  • Assessor Parcel Number WLLS-000142-000079-000000-000001

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,720

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • Ownership: DEED OF DISTRIBUTION BY TRUSTEE
  • MLS Status: Closed
  • Directions: From Route 1, turn onto Drakes Island Road heading South. Follow until you reach the ocean ahead. Turn left onto Island Beach Road. #287 is approximately 1/2 mile down on the right (ocean side). Marked by a Drakes Duck on the mailbox!
  • Above Grade Finished Sq Ft: 3468.0
  • Architectural Style: Contemporary, Shingle Style
  • Garage Yn: Yes
  • Efficiency: Storm Doors, Double Pane Windows
  • Year Built: 2008
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3468.0
  • 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
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Amenities:Security System: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Kitchen Countertop:Granite: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Amenities:Shower: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Cooling:Central Air: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Vehicle Storage:_two_ Car: 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:Walk-in Closet6: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Room Features:Island2: Yes
  • Room Features:Walk-in Closet17: Yes
  • Roof:Composition2: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Office:Office: Yes
  • Basement:Crawl Space: Yes
  • Appliances Included:Cooktop: Yes
  • Appliances Included:Wall Oven: Yes
  • Bedroom 1 Amenities:Full Bath: Yes
  • Amenities:Attic: Yes
  • Recreational Water:Oceanfront: Yes
  • Primary Bedroom Amenities:Double Vanities6: Yes
  • Room Features:Double Vanities17: Yes
  • Water Info:Waterfront Amount -: 80.0
  • Water Info:Water Frontage Owned -: 80.0
  • Recreational Water:Deeded: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Appliances Included:Gas Range: Yes
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Laundry Room:Laundry Room: Yes
  • Office Amenities:Built-Ins16: Yes
  • Room Features:Built-Ins30: Yes
  • Heat System:Blowers: Yes
  • Location:Near Railroad: Yes
  • Dining Room Amenities:Informal: Yes
  • Bedroom Amenities 2:Full Bath2: Yes
  • Style:Shingle Style: Yes
  • Transportation:Rail Available: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Living Room Amenities:Informal2: Yes
  • Living Room Amenities:Gas Fireplace5: Yes
  • Room Features:Gas Fireplace29: Yes
  • Laundry Room Amenities:Built-Ins13: Yes
  • Primary Bedroom Amenities:Built-Ins15: Yes
  • Bedroom Amenities 3:Full Bath3: Yes
  • Laundry Room Amenities:Utility Sink: Yes
  • Room Features:Utility Sink2: Yes
  • Amenities:Irrigation System: Yes
  • Dining Room Amenities:Coffered Ceiling11: Yes
  • Room Features:Coffered Ceiling29: Yes
  • Primary Bedroom Amenities:Gas Fireplace4: Yes
  • Living Room Amenities:Coffered Ceiling5: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 2
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Wall Oven, Refrigerator, Microwave, Gas Range, Dryer, Disposal, Dishwasher, Cooktop
  • Has Basement: Crawl Space, Full, Interior Entry, Walk-Out Access
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Walk-in Closets, 1st Floor Bedroom, Attic, Bathtub, Other, Pantry, Shower, Storage, Primary Bedroom w/Bath
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second
  • Bedroom 1:Bedroom 1 Level: First
  • Laundry Room Laundry Room Level: Second

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Irrigation System, Near Railroad
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Wood Siding, Shingle Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved, Inside Entrance

Utilities

  • Laundry Features: Built-Ins, Utility Sink, Upper Level
  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Blowers
  • 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: 9583.2
  • Parcel #: WLLS-000142-000079-000000-000001
  • Zoning: CR

Tax Info

  • Tax Annual Amount: 19720.0
  • Tax Book Number: 18359
  • Tax Lot: 79
  • Tax Map Number: 142
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Jan 13, 2021
Sold by
Mcquade Douglas P
Bought by
Globevest Capital Re Lp
Seller's Agent
Betsy Coughlan
Legacy Properties Sotheby's International Realty
Buyer's Agent
Troy Williams
Keller Williams Coastal and Lakes & Mountains Realty
List Price
$2,940,000
Sold Price
$2,750,000
Premium/Discount to List
-$190,000
-6.46%
Current Estimated Value
$3,984,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,234,374
Avg. Annual Appreciation
8.17%

Purchase Details

Closed on
Nov 15, 2012
Sold by
Mcquade Sally R
Bought by
Sally R Mcquade Ret and Mcquade

Purchase Details

Closed on
Apr 7, 2009
Sold by
Mcquade Realty Inc
Bought by
Mcquade Sally R
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Globevest Capital Re Lp -- None Available
Globevest Capital Re Lp -- None Available
Globevest Capital Re Lp -- None Available
Sally R Mcquade Ret -- --
Mcquade Sally R -- --
Sally R Mcquade Ret -- --
Mcquade Sally R -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2021 01/13/21 Sold $2,750,000 -6.5% $793 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $2,940,000 -- $848 / 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 $24,094 $3,962,880 $2,988,670 $974,210
2023 $23,619 $3,962,880 $2,988,670 $974,210
2022 $19,798 $1,892,700 $1,231,010 $661,690
2021 $19,911 $1,892,700 $1,231,010 $661,690
2020 $19,835 $1,892,700 $1,231,010 $661,690
2019 $19,720 $1,892,470 $1,231,010 $661,460
2018 $19,180 $1,892,470 $1,231,010 $661,460
2017 $19,227 $1,892,470 $1,231,010 $661,460
2016 $19,038 $1,892,470 $1,231,010 $661,460
2015 $18,830 $1,892,470 $1,231,010 $661,460
2013 $17,259 $1,892,470 $1,231,010 $661,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1469925

Maine Listings

APN: WLLS-000142-000079-000000-000001