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Land with Home for Sale in Prospect, Maine

1407 US Route 1, Prospect, ME 04981

$595,000
5.82 acres
Active sale
ago
Est $3,488/mo

Set along 745 feet of Penobscot River shoreline, this unique coastal Maine property offers panoramic views of the iconic Penobscot Narrows Bridge, timeless character, and exceptional investment potential. Main home features 3 bedrooms and 1.5 baths, blending charm w/ thoughtful modern updates. Beautifully landscaped grounds and mature plantings create a peaceful waterfront setting perfect for year-round living or a seasonal retreat. Above the detached two-car garage, with its own private entrance, is a 1-bedroom, 1-bath apartment with a previous rental history--ideal for guests, extended family, or supplemental income. Conveniently located between Midcoast and Downeast Maine, the property is just minutes from Fort Knox State Historic Site, the Penobscot Narrows Observatory, and an easy drive to Ellsworth, Mount Desert Island, and Acadia National Park. Positioned along a popular tourism corridor, the expansive grounds offer exciting possibilities for additional investment endeavors. Recent improvements include a renovated kitchen w/ new cabinetry, plumbing, and water filtration; updated bathrooms; rebuilt sunroom w/ new windows and siding; new windows in both the main home and apartment; pine tongue-and-groove finishes; garage exterior improvements; Samsung mini-split heating and cooling systems; electrical upgrades; and numerous cosmetic enhancements throughout. A rare opportunity to own a waterfront property that combines Maine history, income potential, and room to grow! Maine is calling!

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

Location

Street address
1407 US Route 1
Zip code
04981
Elevation
118 feet
Coordinates
44.5589, -68.8071

Property details

Acreage
5.82 acres
Zoning
rural & shoreland
MLS #
MREIS 1670694
Posted

Parcels

  • 1407usroute1prospect04684

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Waterfront
Stream
Features
Near Public Beach, Open, Rolling/Sloping, Well Landscaped

Exterior

Pool
Deck

Structure

Basement
Full, Unfinished, Walk-Out Access
Water
Well
Sewer
Private Sewer, Septic Tank
Heating
Electric, Forced Air, Heat Pump, Natural Gas, Oil
Materials
Vinyl Siding, Wood Frame
Roof
Metal

Interior

Room Count
8
Rooms
Basement, Bathroom x 3, Bedroom x 3, Dining Room
Flooring
Carpet, Tile, Vinyl, Wood

Property utilities

CategoryTypeStatus
GasNatural GasConnected

Listing history

DateEventPriceChangeSource
July 8, 2026New listing$595,000MREIS
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This 5.82-acre property is located at 1407 US Route 1 in Prospect, ME 04981. The property is available for sale, priced at $595,000. It has a 1,354 square foot 3-bedroom, 2.5-bath house built in 1933.

Listed by Portside Real Estate Group, (207) 288-5818

Checked 1 hour agoUpdated Source

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