Land with Home for Sale in Gray, Maine

Rare opportunity to own a 2 acre legacy waterfront property with over 200 feet of owned frontage on highly sought-after Forest Lake. Tucked away in a peaceful "no wake" cove, this extraordinary property offers unmatched privacy, breathtaking west and southwest facing lake views, and stunning sunsets year-round. Just 20 minutes from Portland, the location also offers convenient access to I-95. Set on an exceptionally beautiful lot with granite ledges, mature trees, and a park-like setting, the property features a classic seasonal cottage. A private sandy beach with gradual walk-in access creates the perfect setting for swimming, boating, and lakeside gatherings, with multiple options for future dock placement. Forest Lake is known for its quiet, private feel with no public access, spanning 211 acres with approximately four miles of shoreline and excellent large and smallmouth bass fishing. The setting is equally appealing to nature lovers, with frequent sightings of loons, bald eagles, osprey, and other native wildlife, all surrounded by old-growth hemlocks, white pines, and oaks. The cottage is in need of significant renovation or replacement, offering a rare opportunity to restore, rebuild, or reimagine the property into a one-of-a-kind waterfront retreat. The property also includes a newly approved four-bedroom septic design ready for filing by the next owner, as well as a 1,200 square foot lakeside grand stone patio overlooking the water. A truly special offering where the value is in the land, the setting, and the opportunity to create something exceptional on one of the area's most treasured lakes.