0 Ocean Avenue, Wells, ME 04090
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
0 Ocean Avenue,Wells, ME 04090
$550,000
- 0.23 Acres
- Lots / Land
- Active
Upcoming open houses
- Sat, Aug 1501:00 pm - 03:00 pm
Office: anchor real estate
MLS#:1661952
Source:ME_MREIS
Price summary
- Price:$550,000
About this home
A rare opportunity to secure a proposed vacant parcel on Ocean Avenue in Wells just a short walk to Wells Beach. Comprised of approximately .23 acres, this offering provides an exceptional chance to build in one of southern Maine's most sought-after coastal neighborhoods. With public water and sewer available and the potential for seasonal marsh views, the property offers immediate appeal for builders, investors, or buyers looking to create a custom coastal residence close to the beach.
Subject to local approvals, the parcel may support the construction of a new single-family residence or duplex allowing for up to two residential units. This flexibility creates several potential strategies including personal use, vacation ownership, long-term rental income, condominium conversion, build-and-sell opportunities, or a long-term investment hold. Potential future changes to accessory dwelling unit (ADU) regulations may further enhance the property's versatility and value.
The referenced parcel division is being utilized strictly for marketing purposes and has not been formally created or recorded. Buyers also can purchase the entire undivided parcel, which may offer expanded redevelopment possibilities similar to those described above, including the potential for additional lot configurations and increased overall unit yield, subject to local approvals. Few opportunities in Wells offer this combination of location, infrastructure, and redevelopment potential so close to the coast. Call today for more information!...
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Home facts
- Listing ID #:1661952
- Updated:August 13, 2026 at 10:51 PM
Structure and exterior
- Lot area:0.23 Acres
- Lot Features:Level, Near Country Club, Near Public Beach, Near Shopping, Open Lot
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$550,000
- Tax amount:$5,075 (2025)
Parking
- Parking description:5 - 10 Spaces, Gravel, On Site
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