This 14.25-acre parcel on Shore Road in Cape Elizabeth is indeed a rare and remarkable opportunity that is now on the market for the first time in over 120 years. Located directly across from the beach, Fort Williams Park, and the iconic Portland Head Light, this property offers prime access to scenic beauty and proximity to Portland's amenities — including just a 20-minute drive to the Portland Jetport. Engineering for a 16-unit luxury condominium development has been completed, including studies covering stormwater, sewer, utilities, density, wetlands, traffic, soil, open space, and permitting from both the Army Corps of Engineers and the Maine DEP. At the final Planning Board review of this project, 35 of the 36 Findings of Fact were approved (see attached document). Next steps with this incredible parcel would be to revive the current development proposal or explore alternative uses such as private estates.
Listing Courtesy of MAINE LISTINGS - IDX / Listed By: Andrew Carr, Better Homes And Gardens Real Estate/The Masiello Group
$799,000 (USD)
Saco Area Single Family Home
Active Under Contract
38 Richards Way Saco, ME 04072
3 Bed
3 Baths
2463 sqft
MLS# 1660930
Don't miss this beautifully maintained 3-bedroom, 2.5-bath Colonial nestled in a quiet, highly sought-after neighborhood. Over 2,400 square feet of bright and airy living space, this home offers the room you've been searching for, including a flexible family room ideal for movie nights, game days, and effortless entertaining. An attached two-car garage keeps you sheltered from the elements, while the full unfinished daylight basement provides potential for future expansion or storage. Outside, the property transforms into a private sanctuary, SSfeaturing an inviting front porch and an expansive rear deck perfect for alfresco dining. Whether you are hosting a summer gathering or unwinding in the hot tub after a long day, the outdoor living space is truly exceptional. Perfectly situated just minutes from I-95, the Portland Jetport, and local schools, you'll also enjoy easy access to the Biddeford Saco Country Club and Maine's most stunning beaches and nature preserves. Open House Sunday the 17th 11:00 to 1:00
Listing Courtesy of MAINE LISTINGS - IDX / Listed By: Andrew Carr, Better Homes And Gardens Real Estate/The Masiello Group