1407 US Highway 1, Prospect, ME 04981

$549,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,354 Lot Size (sq. ft.): 253,519 Status: Active
Current Price: $549,000 List Date: 7/11/2025 Last Modified: 10/17/2025

Description

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 1¼ 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 rentals—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!

Supplements: ********

More Information MLS# 1630175

Property Sub-Type

Property Sub-Type: Single Family Residence

Location Information

Street #: 1407 Street Name: US Highway 1 County: Waldo Town: Prospect State/Province: ME Zip Code: 04981 Leased Land: No Book: 4814 Page: 176 Map: 4 Lot: 15 Zoning: Rural Zoning Overlay: No Association: No Full Tax Amount $: 3374.8 Tax Year: 2024 Tree Growth Y/N: No Geo Lat: 44.559728 Geo Lon: -68.806424

Contract Information

Status: Active Original List Price: 589000 List Price: $549,000 Current Price: $549,000

Property Information

Surveyed: Unknown Seasonal: No # Rooms: 7 # Bedrooms: 3 Total Full Baths: 1 Total Half Baths: 1 Total Baths: 2 Furniture: Furnished Color: White Year Built: 1933 SqFt Finished Above Grade: 1354 SqFt Finished Total: 1354 SqFt Source: Public Records Garage: Yes Garage Spaces: 2 Lot Size Acres +/-: 5.82 Source of Acreage: Public Records Road Frontage: Yes Road Frontage +/-: 820 Source of Road Frontage: Public Records

Water Info

Water Frontage: Yes Waterfront Amount: 745 Water Frontage Owned: 745 Water View: Yes Water Body Name: Penobscot River

Property Features

Site: Level; Open; Right of Way; Rolling/Sloping; Well Landscaped; Wooded Location: Near Public Beach; Near Shopping Roads: Dead End; Paved; Public Transportation: Deep Water Access Source of Water Frontage: Deed; Public Records Water Body Type: Ocean; River View: Scenic Appliances Included: Dishwasher; Dryer; Gas Range; Refrigerator; Washer Kitchen Countertop: Granite Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Full; Walk-Out Access Basement Entry: Interior Foundation Materials: Poured Concrete Roof: Metal; Shingle Exterior: Vinyl Siding Heat System: Baseboard; Direct Vent Furnace; Direct Vent Heater; Forced Air; Hot Water; Zoned Heat Fuel: Multi-Fuel System; Oil; Propane Water Heater: Gas; Other Water Heater Cooling: None Floors: Carpet; Laminate; Tile; Vinyl Amenities: Fence; Home Warranty; In-Law Apartment; Shower; Storage Patio and Porch Features: Deck; Glassed-in Porch Equipment: Generator; Internet Access Available Energy Efficiency: Ceiling Fans Driveway: Paved Parking: 11 - 20 Spaces; Paved Vehicle Storage: 2 Car; Auto Door Opener; Detached; Heated Electric: Circuit Breakers Gas: Bottled Sewer: Private Sewer; Septic Design Available Water: Private

Room Information

Bedroom 1 Length: 18.00 Width: 12.00 Level: Second Bedroom 2 Length: 11.00 Width: 12.00 Level: Second Bedroom 3 Length: 13.00 Width: 8.00 Level: Second Kitchen Length: 14.00 Width: 12.00 Level: First Sunroom Length: 12.00 Width: 8.00 Level: First Dining Room Length: 13.00 Width: 11.00 Level: First Living Room Length: 19.00 Width: 12.00 Level: First
Listing Office: Realty of Maine
Last Updated: October - 17 - 2025
1407 US Highway 1, Prospect, ME 04981- MLS# 1630175
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