Please do not leave this page until complete. This can take a few moments.

Due to our new system upgrade, we are requesting all existing users to update their password. Create a new password

A 13,307-square-foot waterfront house in Falmouth went on the market last week for $10.5 million — the highest offering price ever in the town and possibly in Cumberland County, said the listing broker, David Jones of F.O. Bailey Real Estate.

That asking figure is also double the property's previous sale price, in 2018, of $5.25 million.

The home at 153 Foreside Road "underwent a complete renovation,” Jones, whose firm is also in Falmouth, told Mainebiz. “It is the absolute best property in all of Falmouth and is the highest price a home has ever been offered at. It will sell at a price close to asking if not asking.”

The four-bedroom house, overlooking Casco Bay and a five-minute drive from the Portland Country Club, was built in 1986 and fully renovated in 2021. 

“The home was completely gutted and reconfigured inside,” Jones said.

The seller, who declined to be identified, has used the property year-round since the 2018 purchase. But the seller is relocating, said Jones.

The prospective buyer pool includes boaters and folks “looking for one-of-a-kind” water views, he added.

The doubling of the sale value reflects the property’s major renovation. 

“Coastal properties like this with waterfront that can be utilized are extremely rare,” Jones said. “Very few waterfront properties have a boat house, accessory dwellings, motor home/boat capable garage, deep water dock and views like this. All the boxes are checked.”

The property was listed June 10. According to the listing, features include a “gourmet kitchen” with top-of-the-line stainless steel appliances such as two SubZero refrigerators and a seven-burner gas range, and a “sprawling” six-seater quartz countertop island.

In addition to the four bedrooms, the house includes 7.5 bathrooms, several balconies and multiple common rooms. A daylight walk-out basement has a full bar, an indoor deepwater diving pool, and a built-in whirlpool jacuzzi. Other structures include a waterfront boat house, a pair of two-bedroom accessory dwellings and a one-bedroom dwelling. The parking area has 21 spaces.

The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.

Work for ME is a workforce development tool to help Maine’s employers specifically target Maine’s emerging workforce. A free guide to job and career opportunities in Maine’s essential industries.

The way we do business can change in a moment. This Mainebiz podcast series features conversations with Maine business owners who found their life, their business, or their world suddenly upended in one day. 

The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.

Work for ME is a workforce development tool to help Maine’s employers specifically target Maine’s emerging workforce. A free guide to job and career opportunities in Maine’s essential industries.

The way we do business can change in a moment. This Mainebiz podcast series features conversations with Maine business owners who found their life, their business, or their world suddenly upended in one day. 

In order to use this feature, we need some information from you. You can also login or register for a free account.

By clicking submit you are agreeing to our cookie usage and Privacy Policy

Already have an account? Login

Already have an account? Login

Want to create an account? Register

In order to use this feature, we need some information from you. You can also login or register for a free account.

By clicking submit you are agreeing to our cookie usage and Privacy Policy

Already have an account? Login

Already have an account? Login

Want to create an account? Register

This website uses cookies to ensure you get the best experience on our website. Our privacy policy

To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy