OLD ORCHARD BEACH – It’s less than a two-minute walk – not even one block, in fact – from the front porch of this home to the fine sand and rolling surf of one of Maine’s best beaches, renowned for extending miles in a lovely crescent from Pine Point to Camp Ellis.
So, the buyer of this property will be making quite the lifestyle investment, and one with a key sweetener. This is a multifamily. The main house comes with a separate building that has a pair of two-bedroom, one-bath apartments, an upstairs and a downstairs unit, that were gutted and completely redone in 2014.
One could owner-occupy one dwelling, and rent the other two; rent all three; or arrange some combination of these options on a seasonal basis. Significant income will be realized in each case: $3,300 weekly for the house, and $1,250 weekly for each apartment, in high season.
The primary home, which has living space on three levels, was built in 1880 and served as an inn (“Wind Chimes”) for some years. It has great period character – Douglas fir flooring throughout (the first-floor bath excepted); beadboard ceiling in the kitchen/family room; a couple of stained-glass windows, for example – combined with updates that include a newer, dine-in, granite-and-cherry kitchen with stainless appliances new in 2014.
The first-floor bedroom is a definite advantage. The second level has three good-sized bedrooms, a renovated bath with a clawfoot tub, and laundry in an enclosure. The top story has both loft/studio and storage space (the former could be modified to significant square footage).
The home at 20 Union Ave., Old Orchard Beach, is listed for sale at $678,000 by Nancy Z. Moreshead of Best Maine Beach Properties. Annual taxes are $6,334. An Open House will be held from 1:30-3 p.m. on Saturday, Aug. 5. For more information or to arrange a private viewing, please contact Nancy at 329-3545 or at nancyzbythesea@gmail.com.
Photographs by Diane Maines. The Friday feature home is produced by the Marketing Department of the Portland Press Herald. Please send feature home suggestions to jrolfe@pressherald.com.
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