835 Ocean Avenue, Wells, ME 04090

Wells
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
835 Ocean Avenue,Wells, ME 04090
$1,395,000
  • 0.5 Acres
  • Lots / Land
  • Active
Office: anchor real estate
MLS#:1656918
Source:ME_MREIS

Price summary

  • Price:$1,395,000

About this home

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...

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Home facts

  • Listing ID #:1656918
  • Updated:July 12, 2026 at 11:04 AM

Structure and exterior

  • Lot area:0.5 Acres
  • Lot Features:Corner Lot, Level, Near Country Club, Near Public Beach, Open Lot

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,395,000
  • Tax amount:$5,075 (2025)

Parking

  • Parking description:5 - 10 Spaces, Gravel, On Site
MLS LogoMREIS Multiple Listing Service™ systemListing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved ME_MREIS Member Broker: Christopher Masiello

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