$3,190,000
$505K PRICE DROP

5 Eastern Promenade Unit Penthouse Portland, ME 04101

Downtown Portland Neighborhood

Estimated payment $18,832/month

Total Views 46,419
2 Beds
2 Baths
1,942 Sq Ft
$1,643 Price per Sq Ft

Highlights

  • Water Views
  • The property is located in a historic district
  • Deck
  • Public Beach
  • 0.39 Acre Lot
  • 3-minute walk to Eastern Promenade Park

About This Home

The Crown Jewel of Portland's Eastern Promenade! Built in 1898 for Henry F. Merrill—a prominent Portland industrialist—this grand home was designed by celebrated Maine architect John Calvin Stevens. In the same family since it was built, the new owner has meticulously renovated the Henry Merrill Mansion into three elegantly laid out full floor residences and stands as a testament to turn-of-the-century craftsmanship, reimagined. Commanding one of Portland's most prestigious addresses along the Eastern Promenade, the mansion offers sweeping views of Casco Bay and the working waterfront, while placing you steps from waterfront parks, trails, and the city's acclaimed dining and cultural scene. Original period details—soaring ceilings, rich hardwood paneling, stained glass, ornate mantels, and restored light fixtures—blend seamlessly with modern comforts, premium finishes, and updated systems throughout. Perched above the Eastern Promenade, the Penthouse has spectacular views and features. The nearly 2000 sq. ft. home features a private entrance, large bright airy rooms with vaulted ceilings, two bedrooms, two baths, laundry, den space, two private decks, and a spectacular round room dubbed 'the Observatory' by Stevens. Refinished original wood floors and an open, sunlit layout pair beautifully with a modern chef's kitchen and spa-inspired baths. Historic charm meets contemporary elegance in this exclusive top-floor private retreat. With dedicated parking, private outdoor spaces, and modern infrastructure throughout, the Henry Merrill Mansion offers a unique opportunity to own a piece of Portland's history—complete with the romance of Longfellow's circle, the vision of John Calvin Stevens, and the finest craftsmanship of both the 19th and 21st centuries. Three Residences. One Landmark Address. Endless Views.

Listing Agent

Kelly Walker

EXP Realty Listed on: 08/29/2025

EXP Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,625

Year Built

  • Built in 1898

Lot Details

  • Public Beach
  • Landscaped
  • Lot Has A Rolling Slope

Property Views

  • Water
  • Scenic Vista

Home Design

  • 1,942 Sq Ft Home
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Brick Basement
  • Interior Basement Entry
  • Natural lighting in basement

Parking

  • Common or Shared Parking
  • Paved Parking
  • Off-Street Parking
  • Reserved Parking

Outdoor Features

  • Deck

Location

  • The property is located in a historic district
  • City Lot

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

  • Property has a Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot A-002-001
  • Assessor Parcel Number PTLD-000002-A000002-000001

Property Details

Home Type

Condominium

Est. Annual Taxes

$24,625

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.39
  • Road Surface Type: Paved
  • Water Body Name: Casco Bay
  • MLS Status: Active
  • Directions: Fore Street or Congress St. to Eastern Promenade
  • Above Grade Finished Sq Ft: 1942.0
  • Architectural Style: Other
  • Garage Yn: No
  • Year Built: 1898
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 1642.64
  • Property Information:Seasonal: No
  • Water Info:Water View2: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Living Room:Living Room: Living Room
  • Office:Office: Office
  • Family Room:Family Room: Family Room
  • Parking Reserved Parking: Yes
  • Parking Reserved Parking Spaces: 1
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Gas Range, Refrigerator, Washer, Tankless Water Heater
  • Has Basement: Interior Entry, Not Applicable, Daylight, Finished, Full, Other, Brick/Mortar
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Tile, Wood
  • Interior Amenities: One-Floor Living, Shower, Walk-In Closet(s), Primary Bedroom w/Bath
  • Bedroom 2 Level: Third
  • Kitchen Kitchen Level: Third
  • Living Room Living Room Level: Third
  • Bedroom 1:Bedroom 1 Level: Third

Exterior Features

  • Lot Features: Historic District, Intown, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Rolling Slope, Sidewalks, Landscaped
  • View: Scenic
  • Waterfront: No
  • Construction Type: Wood Frame, Shingle Siding
  • Foundation Details: Stone, Granite, Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Common, Paved, 1 - 4 Spaces, Off Street

Utilities

  • Security: Security System, Fire Sprinkler System
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16988.4
  • Parcel #: PTLD-000002-A000002-000001
  • Zoning: R6

Multi Family

  • Number Of Units In Community: 3

Tax Info

  • Tax Annual Amount: 24625.0
  • Tax Lot: A-002-001

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

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2025 10/24/25 Price Changed $3,190,000 -13.7% $1,643 / Sq Ft
08/29/2025 08/29/25 For Sale $3,695,000 -- $1,903 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1636031

Maine Listings