$1,700,000
SOLD AUG 15, 2025

511 Ocean Ave Wells, ME 04090

5 Beds
3 Baths
2,784 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$611 Per Sq Ft

19% Below List Price

42 Days on Market

Highlights

  • 57 Feet of Waterfront
  • Beach Access
  • Country Club
  • Wells Junior High School Rated A-
  • Public Beach
  • A-Frame Home

About This Home

As of August 2025

For the first time since 1940, 'Althea'—one of the original Moody Beach cottages—is available for sale, and it's ready to write its next chapter.

This rare coastal treasure offers 2,784 square feet of flexible living, including 5 bedrooms, 3 full baths, and an oversized deck perfect for gathering, lounging, or stargazing. Nestled just steps from the private beach access reserved for waterfront residents, this home blends the warmth of a close-knit beach community with the serenity of your own coastal escape.

Set up as a versatile two-unit property, you have endless options: live in one side and rent the other, welcome extended family with comfort and privacy, or maximize rental potential in a highly sought-after location. With ample parking and modern upgrades woven into its original charm, this property is as functional as it is nostalgic.

Whether you're envisioning a cherished family legacy, an income-generating investment, or a peaceful year-round retreat, Althea delivers the best of classic Maine living—timeless, inviting, and full of possibility.

Own a slice of Moody Beach history and make it your own coastal legacy. Private showings now available—don't let this landmark property slip away.

Last Agent to Sell the Property

Erica Van Dissel

Berkshire Hathaway HomeServices Verani Realty Listed on: 06/19/2025

Berkshire Hathaway HomeServices Verani Realty

Last Buyer's Agent

Jessica Girard

Pack Maynard and Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,758

Year Built

  • Built in 1930

Lot Details

  • 7,841 Sq Ft Lot
  • 57 Feet of Waterfront
  • Ocean Front
  • Public Beach
  • Level Lot
  • Property is zoned RB

Property Views

  • Water
  • Scenic Vista

Home Design

  • A-Frame Home
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 1 Fireplace
  • Mud Room
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Crawl Space

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Beach Access
  • Deck
  • Enclosed Glass Porch

Location

  • Property is near golf course

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 161
  • Assessor Parcel Number WLLS-000112-000000-000161

Community Details

Overview

  • No Home Owners Association

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,758

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: From Rt 1 take Furbish Rd to Ocean Ave, 511 Ocean Ave on your right.
  • Above Grade Finished Sq Ft: 1904.0
  • Architectural Style: A-Frame
  • Garage Yn: No
  • Structure Type: Duplex
  • Year Built: 1930
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Contract Information:List PriceSqFt: 997.9
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.18
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1904.0
  • Property Information:SqFt Finished Below Grade: 880.0
  • Property Information:Garage: No
  • Site:Level: 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:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Mud Room:Mud Room: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Sunroom:Sunroom: Yes
  • Basement:Crawl Space: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Oceanfront: Yes
  • Basement:Slab2: Yes
  • Water Info:Waterfront Amount -: 57.0
  • Water Info:Water Frontage Owned -: 57.0
  • Appliances Included:Gas Range: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Recreational Water:Beach Rights: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Advertising Remarks:Advertising Remarks: For the first time since 1940, "Althea"—one of the original Moody Beach cottages—is available for sale, and it's ready to write its next chapter. This rare coastal treasure offers 2,784 square feet of flexible living, including 5 bedrooms, 3 full baths, and an oversized deck perfect for gathering, lounging, or stargazing. Nestled just steps from the private beach access reserved for waterfront residents, this home blends the warmth of a close-knit beach community with the serenity of your own coastal escape. Set up as a versatile two-unit property, you have endless options: live in one side and rent the other, welcome extended family with comfort and privacy, or maximize rental potential in a highly sought-after location. With ample parking and modern upgrades woven into its original charm, this property is as functional as it is nostalgic. Whether you're envisioning a cherished family legacy, an income-generating investment, or a peaceful year-round retreat, Althea delivers the best of classic Maine living—timeless, inviting, and full of possibility. Own a slice of Moody Beach history and make it your own coastal legacy. Private showings now available—don't let this landmark property slip away.
  • Structure Type:Duplex: Yes
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Gas Range, Dryer, Dishwasher
  • Has Basement: Crawl Space, Not Applicable
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 880.0
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Vinyl, Tile
  • Interior Amenities: 1st Floor Bedroom
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: First
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First
  • Bedroom 5:Bedroom 5 Level: First

Exterior Features

  • Lot Features: Level, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Neighborhood
  • View: Scenic
  • Waterfront: Yes
  • Construction Type: Wood Siding, Shingle Siding, Wood Frame
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Glass Enclosed, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: Window Unit(s), Other
  • Cooling Y N: Yes
  • Heating: Other, 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: 7840.8
  • Parcel #: WLLS-000112-000000-000161
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 17758.0
  • Tax Lot: 161
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2025
Closed on
Aug 15, 2025
Sold by
511 Ocean Avenue T and 511 Hays
Bought by
Kourkoulakos Michael J and Kourkoulakos Natalie A
Seller's Agent
Erica Van Dissel
Berkshire Hathaway HomeServices Verani Realty
Buyer's Agent
Jessica Girard
Pack Maynard and Associates
List Price
$2,100,000
Sold Price
$1,700,000
Premium/Discount to List
-$400,000
-19.05%
Views
61
Current Estimated Value
$1,907,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,219
Avg. Annual Appreciation
31.50%

Purchase Details

Listed on
Jun 19, 2025
Closed on
Aug 14, 2025
Sold by
Cronin Elizabeth Jane Est and Cronin
Bought by
Kourkoulakos Michael J and Kourkoulakos Natalie A
Seller's Agent
Erica Van Dissel
Berkshire Hathaway HomeServices Verani Realty
Buyer's Agent
Jessica Girard
Pack Maynard and Associates
List Price
$2,100,000
Sold Price
$1,700,000
Premium/Discount to List
-$400,000
-19.05%
Views
61
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $566,667 --
Warranty Deed $566,667 --
Warranty Deed $566,667 --
Personal Reps Deed $1,133,333 --
Personal Reps Deed $1,133,333 --
Personal Reps Deed $1,133,333 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2025 08/15/25 Sold $1,700,000 -10.5% $611 / Sq Ft
07/31/2025 07/31/25 Pending -- -- --
07/11/2025 07/11/25 Price Changed $1,900,000 -9.5% $682 / Sq Ft
06/19/2025 06/19/25 For Sale $2,100,000 -- $754 / 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 $16,526 $2,718,010 $2,352,640 $365,370
2023 $17,758 $2,979,480 $2,614,110 $365,370
2022 $16,732 $1,599,600 $1,415,490 $184,110
2021 $16,828 $1,599,600 $1,415,490 $184,110
2020 $16,672 $1,590,880 $1,415,490 $175,390
2019 $16,577 $1,590,880 $1,415,490 $175,390
2018 $16,070 $1,585,570 $1,415,490 $170,080
2017 $16,109 $1,585,570 $1,415,490 $170,080
2016 $15,951 $1,585,570 $1,415,490 $170,080
2015 $15,776 $1,585,570 $1,415,490 $170,080
2013 $14,226 $1,559,860 $1,415,490 $144,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1627236

Maine Listings

APN: WLLS-000112-000000-000161