Single Family for Sale: 38 Diamond Drive, Waterboro, ME 04061

3 beds
1 full baths
$8,500,000
$8,500,000
38 Diamond Drive, Waterboro, ME 04061
3 beds
1 full baths
$8,500,000
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Price:
$8,500,000

Type Single Family
Style Cape
Beds 3
Total Baths 1 full baths
Square Feet 768 sqft
Lot Size 0.24 acres
Year Built 1984
Taxes Paid $3,861
Assoc Fee $1,100

City Waterboro
County York

MLS 1605398
Status Active
DOM 1 days
Exciting investment opportunity for 25 single-family properties located within and proximal to the waterfront neighborhood of Lake Arrowhead. An expansive community that is only 35-minutes from the bustling city of Portland, 1 hour from abundant recreational opportunities of the mountain regions, and 2 hours from Boston. This portfolio's location is ideal for all that Maine has to offer. This 25-unit single-family investment portfolio comprises of desirable 2-story Cape Cod style homes. All providing the option for first floor-living with a bedroom and bath privately tucked into the back of the homes. Two additional bedrooms are located upstairs and 15 of the properties have a larger floor plan providing additional flex space for a den or office on the first floor. Some properties offer added value with direct lakefront living, walkout basements, and exceptional privacy with larger lots up to 2 acres. Quality construction is evident in these owner-built properties which have well-maintained systems, metal roofs on 24 of the properties, solid 2x6 construction, dry basements, and radon mitigation systems. All of the properties have been used for long-term rentals and are non-smoking. The Lake Arrowhead Association boasts multiple beaches for water activities such as swimming and kayaking. With two Community Centers, including indoor and outdoor pools, basketball and volleyball courts, room rentals, fitness center and other amenities this location draws long-term renters, vacationers, and home buyers. This is an exceptional investment portfolio poised for value appreciation and revenue growth. Lake Arrowhead does allow short-term vacation rentals; a potential, high-growth revenue stream not realized by the current owner. Notes: This is a portfolio sale of 25 single-family homes. 22 properties are with-in the Lake Arrowhead Association and 3 properties are in the surrounding community. List of all properties is attached. Also, MLS Commercial #1605396

Room Features

Bedroom 1 First floor
Bedroom 2 Second floor
Bedroom 3 Second floor
Kitchen First floor
Living Room First floor
Office First floor
Basement Description Full, Walk-Out Access, Unfinished, Interior Entry

Lot & Building Features

Assoc Fee $1,100
Cooling None
Tax Year 2023
Taxes Paid $3,861

Price History of 38 Diamond Drive

Date Name Price Difference
09/30/2024 Listing Price $8,500,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 38 Diamond Drive, Waterboro, ME

Location Map Street View
Photo of Kirsten Wallace
Direct: 603-793-9138
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Real Broker, Colleen Lundgren 207-272-3984
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0.045423529411765%
6.75%
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38 Diamond Drive (MLS #1605398) is a cape single family home located in Waterboro, ME. This single family home is 768 sqft and on a lot of 10,454 sqft (or 0.24 acres) with 3 bedrooms, 1 baths and is 40 years old. This property was listed on 09/30/2024 and has been priced for sale at $8,500,000.

Nearby zip codes are 04030, 04042, 04048, 04049 and 04087. This property neighbors other cities such as Cornish, Hollis, Limerick, Limington and Shapleigh.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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Listing information courtesy of: Real Broker

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.