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Residential Land with Home for Sale in Prospect, Maine

1407 US Highway 1, Prospect, ME 04981

$549,000
5.82 acres
Active
$40k drop
Est $3,225/mo

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!

1,354
Sq feet
3
Beds
1
Full bath
1
1/2 bath
1933
Built

Location

Street address
1407 US Highway 1
Elevation
138 feet
Coordinates
44.5597, -68.8064

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

DateEventPriceChangeSource
Aug 9, 2025Price drop$549,000$40,000 -6.8%MREIS
July 12, 2025New listing$589,000MREIS
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This 5.82-acre property is located at 1407 US Highway 1 in Prospect, ME 04981. The property is available for sale for $549,000. It has a 1,354 sq ft 3 bedroom, 1 bath house built in 1933.

Checked 1 hour ago — Updated

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