Estimated payment $7,749/month
Highlights
- Nearby Water Access
- Public Beach
- Scenic Views
- Wells Junior High School Rated A-
- Country Club
- Ranch Style House
About This Home
A rare offering on Ocean Avenue in Wells —this half-acre corner lot at Ocean Avenue and Eldridge Road brings together location, size, and opportunity in a way few properties can. Just a short stroll from the beach, with seasonal marsh views and easy access to all that the Wells-Ogunquit area has to offer, this location is truly unmatched. With public water, sewer, and a preliminary survey already in place, the foundation is set for this property's next chapter.
There are multiple directions a buyer might take. One option is to start fresh—replacing the existing structure with a striking new single-family home or a duplex-style design that maximizes the lot. Another is to subdivide into three smaller parcels, each suitable for its own single-family residence. Or, the property could be divided into two larger conforming lots, each capable of supporting a more moderately sized single-family home or a duplex, opening the door to as many as FOUR units in total.
Equally appealing are the various exit strategies. You might choose to live in one home and sell the others, create a collection of coastal condominiums, or hold the property as a long-term investment. Should upcoming ordinance changes regarding accessory dwelling units (ADUs) be approved, even greater versatility and value could be unlocked.
Opportunities of this scale rarely surface this close to the coast in Wells. 835 Ocean Avenue is more than land—it's a blank canvas for investors, developers, and homeowners alike. The chance is here; the possibilities are endless. Call today to discuss this unique opportunity further!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,589
Year Built
- Built in 1935
Lot Details
- 0.5 Acre Lot
- Public Beach
- Corner Lot
- Level Lot
- Open Lot
- Property is zoned RB
Home Design
- Ranch Style House
- Concrete Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 884 Sq Ft Home
- Living Room
- Home Office
- Scenic Vista Views
- Storm Doors
- Attic
Kitchen
- Eat-In Kitchen
- Gas Range
- Formica Countertops
Flooring
- Wood
- Linoleum
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry on main level
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Gravel Driveway
- On-Site Parking
Outdoor Features
- Nearby Water Access
- Shed
Location
- Property is near a golf course
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Electric Water Heater
- Internet Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 163
- Assessor Parcel Number WLLS-000115-000000-000163
Community Details
Recreation
- Country Club
Additional Features
- No Home Owners Association
- Community Storage Space
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 |
|---|---|---|---|---|
| 2024 | $4,777 | $785,640 | $597,980 | $187,660 |
| 2023 | $3,792 | $636,260 | $448,600 | $187,660 |
| 2022 | $3,686 | $352,390 | $263,340 | $89,050 |
| 2021 | $3,707 | $352,390 | $263,340 | $89,050 |
| 2020 | $3,631 | $346,490 | $263,340 | $83,150 |
| 2019 | $3,610 | $346,490 | $263,340 | $83,150 |
| 2018 | $3,576 | $346,490 | $263,340 | $83,150 |
| 2017 | $3,520 | $346,490 | $263,340 | $83,150 |
| 2016 | $3,486 | $346,490 | $263,340 | $83,150 |
| 2015 | $3,448 | $346,490 | $263,340 | $83,150 |
| 2013 | $3,160 | $346,490 | $263,340 | $83,150 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/01/2025 10/01/25 | For Sale | $1,395,000 | -- | $1,578 / Sq Ft |
Source: Maine Listings
MLS Number: 1639425
APN: WLLS-000115-000000-000163
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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