$3,499,000

House for sale Ogunquit
Property photo number 1 of 16 Photos for Property. File  105175547_29_805e249fd35923f3cef9b82c40a6cd60.jpeg

Overview

SUMMARY: Discover an opportunity with this Ogunquit house for sale and available for $3,499,000. This could be your next ideal home or a smart investment. More details await.
115 Perkins Cove is a one-of-a-kind versatile mixed-use waterfront property. The property has a total of four units, including a two-bedroom, two-bath penthouse residence spanning the upper two levels, a separate ground level studio oceanfront residence, and two street-level
commercial units. The Penthouse is entered on the lower of its two levels, which opens to a living room. The primary suite has its own fireplace, full bathroom, and ocean views. A second bedroom and another full bathroom complete this level. Upstairs, the kitchen, dining area, fireside sitting area and sprawling water views come together in an open-concept layout. This level provides dual outdoor spaces: a deck facing the ocean and a larger deck overlooking Perkins Cove, suitable for outdoor dining and entertaining. The studio has its own entrance, deck, and fireplace, allowing it to serve as private guest accommodations or separate rental. The two commercial spaces, which are currently leased, provide a predictable and additional source of income. While not historically operated as full-time rentals, the penthouse and studio have seller-projected annual gross ST revenue of 250k - 310k. Projections are provided for informational purposes only and should be independently evaluated. Located in the heart of Perkins Cove, the property is surrounded by galleries, restaurants, shops, boat excursions and the Marginal Way, with Ogunquit's beach, village center and the Playhouse nearby. The property may be purchased separately, or together with one or both neighboring properties at 113 and 117 Perkins Cove Road. An owner could continue using the residential and commercial spaces to generate income or occupy the main residence while renting the studio and two commercial spaces. The property also offers potential for a different configuration or use over time, subject to applicable approvals. Rental history and projections available upon request.
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Details

  • Beds: 3
  • Baths: 3.5
  • Price: $3,499,000
  • Reference No.: 95198771
  • Area: 2,952 sqft

Location

Marketed by:

  • Colby Coppage
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