
Residential Land with Home for Sale in Prospect, Maine
1407 US Highway 1, Prospect, ME 04981
Coastal Maine gem nestled on the banks of the Penobscot River, offering 745 feet of shoreline and breathtaking panoramic views of the iconic Penobscot Narrows Bridge. This character-filled property blends history, opportunity, and natural beauty all in one. The main home features 3 bedrooms and 1A 1/4 baths, showcasing original historic charm throughout. Great potential for reconfiguring to add larger bathrooms or expand the kitchen. The beautifully landscaped grounds, mature plantings, and riverside setting create a tranquil retreat full of possibility. Above the detached 2 car garage, with a separate back entrance, you'll find a charming 1 bedroom, 1 bathroom fully furnished apartment/in law suite with a successful Airbnb and short-term rental history, perfect for generating additional income or hosting guests. This property is perfectly positioned between the Mid Coast Maine area, and the attractions of Fort Knox Historic Site & the Penobscot Narrows Observatory, while being an easy drive to Ellsworth or Acadia National Park, attracting seasonal visitors, and outdoor enthusiasts. The large, open grounds have potential for adding seasonal cottages, food trucks, or additional short-term rentalsaEUR"a smart investment opportunity in a high-traffic tourism corridor. Whether you're looking for a primary residence with income options, a seasonal vacation home, or a unique coastal business venture, this property has it all. Sellers now offering home warranty for peace of mind!
Location
- Street address
- 1407 US Highway 1
- County
- Waldo County
- Elevation
- 138 feet
Property details
- Acreage
- 5.82 acres
- Zoning
- Rural
- MLS #
- MREIS 1630175
- Posted
Parcels
- 1407ushwy1prospect04684
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
Lot
- Features
- Level, Near Public Beach, Near Shopping, Open, Right of Way, Rolling/ Sloping, Well Landscaped, Wooded
Exterior
- Parking
- Heated
- Pool
- Deck
- Structures
- Storage
Structure
- Basement
- Full, Walk-Out Access
- Water
- Private
- Sewer
- Private Sewer
- Heating
- Baseboard, Forced Air, Hot Water, Zoned
- Materials
- Vinyl Siding, Wood Frame
- Roof
- Metal, Shingle
Interior
- Room Count
- 7
- Rooms
- Basement, Bathroom x 2, Bedroom x 3, Dining Room
- Flooring
- Carpet, Laminate, Tile, Vinyl
- Features
- In-Law Apartment, Shower
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 9, 2025 | Price drop | $549,000 | $40,000 -6.8% | MREIS |
| July 12, 2025 | New listing | $589,000 | — | MREIS |




















































































