49 Water St Eastport, ME 04631
Estimated payment $4,501/month
Highlights
- Ocean Front
- Access to Tidal Water
- The property is located in a historic district
- Docks
- Boat Slip
- Deck
About This Home
Introducing The Commons, an elegantly restored 2-story brick commercial building in the heart of Eastport's historic waterfront district, now available for new ownership. The building underwent a comprehensive restoration guided by a respected architect & expert in historic rehabilitations, including the recent complete rebuilding of its south exterior wall. This cherished landmark is poised to remain a vital part of Eastport's future. Originally rebuilt in 2003-04, The Commons has been meticulously maintained with recent upgrades: electrical improvements, two new boilers (2021), and fresh exterior paint. Affectionately named 'The Commons' by the six women who acquired it 2 decades ago, the 1886 landmark embodies resilience & dedication to the community. It is part of the 31 structures that make up Eastport's National Historic District. Spanning 4,313 sq. ft., the building offers four distinct commercial spaces, including two charming suites on the second floor. Each suite offers stunning water views, complete with decks, two bedrooms, 2 full baths, kitchen, living room, laundry facilities, & tasteful furnishings. The first floor is home to three businesses: an art gallery & online shop showcasing local artists, a street-level commercial office space with an ongoing multi-year lease, plus additional office space, & a shared kitchenette and bathroom. Currently operating as a break-even venture, The Commons provides a blank canvas with immense potential for enterprising individuals. Whether you choose to reside in one suite while renting out the other, continue to lease the suites, or run your own business on the 1st floor, the opportunities are endless. Bring your vision, determination, & aspirations for the city's bright future to this idyllic location, where commercial spaces are embraced by breathtaking water vistas stretching across the deep water harbor & working waterfront, reaching out to Campobello & the western isles of Canada.
Listing Agent
Legacy Properties Sotheby's International Realty Listed on: 01/15/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,800
Year Built
- Built in 1886
Lot Details
- 2,614 Sq Ft Lot
- Ocean Front
- Level Lot
- Open Lot
Parking
- No Driveway
Property Views
- Water
- Scenic Vista
Home Design
- Brick Exterior Construction
- Concrete Foundation
- Pillar, Post or Pier Foundation
- Wood Frame Construction
- Shingle Roof
- Membrane Roofing
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 2-Story Property
- Laundry on upper level
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
- 3 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Access to Tidal Water
- Nearby Water Access
- Deep Water Access
- Boat Slip
- Docks
- Deck
Location
- The property is located in a historic district
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Internet Available
Listing and Financial Details
- Tax Lot 40
- Assessor Parcel Number 49-55waterstreeteastport04631
Community Details
Overview
- No Home Owners Association
- 2 Units
- The community has rules related to deed restrictions
Building Details
- Operating Expense $15,251
- Gross Income $130,000
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 |
|---|---|---|---|---|
| 2022 | $4,677 | $179,900 | $19,600 | $160,300 |
| 2021 | $4,605 | $179,900 | $19,600 | $160,300 |
| 2020 | $4,677 | $179,900 | $19,600 | $160,300 |
| 2019 | $4,713 | $179,900 | $19,600 | $160,300 |
| 2018 | $4,821 | $179,900 | $19,600 | $160,300 |
| 2017 | $4,713 | $179,900 | $19,600 | $160,300 |
| 2016 | $4,560 | $180,600 | $19,600 | $161,000 |
| 2015 | $4,380 | $180,600 | $19,600 | $161,000 |
| 2014 | $4,154 | $180,600 | $19,600 | $161,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/15/2025 10/15/25 | Pending | -- | -- | -- |
| 02/04/2025 02/04/25 | Price Changed | $750,000 | -11.8% | $174 / Sq Ft |
| 01/15/2025 01/15/25 | For Sale | $850,000 | 0.0% | $197 / Sq Ft |
| 12/31/2024 12/31/24 | Off Market | $850,000 | -- | -- |
| 11/06/2023 11/06/23 | Price Changed | $850,000 | 0.0% | $197 / Sq Ft |
| 11/06/2023 11/06/23 | For Sale | $850,000 | +30.8% | $197 / Sq Ft |
| 05/26/2022 05/26/22 | Off Market | $650,000 | -- | -- |
| 10/04/2021 10/04/21 | For Sale | $889,000 | -- | $206 / Sq Ft |
Source: Maine Listings
MLS Number: 1511024
APN: EPRT-000007I-C000005-000040
