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About the Listing 3445 - 3445
Located on the corner of Ocean Avenue and Eldridge Road, this unique coastal offering includes an existing 884 square foot ranch-style home situated on approximately .26 acres just a short walk to Wells Beach. Originally built in 1935, the home features 3 bedrooms, 1-bathroom, public water, and public sewer, along with frontage on both Ocean Avenue and Eldridge Road. Seasonal marsh views and a highly desirable location near the coast create immediate appeal for investors, builders, or buyers looking to secure property in one of Wells' most sought-after beachside neighborhoods. Subject to local approvals, buyers may choose to renovate the existing structure, replace it with a new single-family residence, or remove the home entirely to construct a duplex allowing for 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 offers 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!
Listing Highlights
Status
Active
Days on Site
7
Property Type
Residential
MLS ®
1661953
Year Built
1935
Total Square Footage
884
Lot/Acreage
0.26
County
York
School District
Wells-Ogunquit CSD
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full
- Appliances: Washer, Refrigerator, Gas Range
- Air Cond:
- Heating: Oil,Forced Air
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft: 884
- Below Ground Sq Ft: 0
- Basement: Interior,Bulkhead,Full,Unfinished
- Other: 1st Floor Bedroom,Attic,One-Floor Living,Storage
- Water: Public
Exterior Details
- Lot Description: Near Country Club,Open,Corner Lot,Level,Near Public Beach,Near Shopping,Public,Nearby
- Garage Capacity: N/A
- Zoning: RB
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: Gravel,5 - 10 Spaces,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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