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About the Listing 3445 - 3445
A rare development opportunity on Ocean Avenue in Wells, this half-acre corner lot at Ocean Avenue and Eldridge Road offers exceptional flexibility just a short walk to the beach. With seasonal marsh views, public water and sewer, and a preliminary survey already completed, the groundwork is in place for a variety of redevelopment options. Subject to local approvals, buyers may choose to replace the existing structure with a new single-family home or duplex, subdivide the parcel into three single-family lots, or create two conforming lots--each capable of supporting a single-family home or duplex. Depending on the approach, the site may offer the potential for as many as four total units. This flexibility creates multiple potential exit strategies, including build-and-sell, condominium development, long-term hold, or owner-occupancy with additional units for resale or income. Based on its potential yield of up to four units, the property represents an attractive land basis per possible unit relative to other coastal opportunities. Potential future changes to accessory dwelling unit (ADU) regulations may further enhance the property's versatility and overall value. Few properties in Wells offer this combination of location, infrastructure, and development potential so close to the coast. 835 Ocean Avenue presents a unique opportunity to unlock value in one of southern Maine's most desirable beachside markets. Call today for more information!
Listing Highlights
Status
Active
Days on Site
19
Property Type
Residential
MLS ®
1656917
Year Built
1935
Total Square Footage
884
Lot/Acreage
0.5
County
York
School District
Wells-Ogunquit CSD
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full
- Appliances: Washer, Refrigerator, Gas Range
- Air Cond:
- Heating: Forced Air
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft: 884
- Below Ground Sq Ft: 0
- Basement: Interior,Full,Bulkhead,Unfinished
- Other: 1st Floor Bedroom,Attic,One-Floor Living,Storage
- Water: Public
Exterior Details
- Lot Description: Open,Corner Lot,Level,Near Golf Course,Near Public Beach,Near Shopping
- Garage Capacity: N/A
- Zoning: RB
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces,Gravel,On Site
Financial Details
- Tax Amount: $5,075
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
835 Ocean Ave Wells, ME 04090
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