MLS# 1624824 - 1 & 9 Franklin Terrace, South Portland, ME 04106

$3,900,000
Beds: 7
Baths: 4 full, 1 half
Sqft: 4,300
Sqft lot: 23,958
Acre lot: 0.55
Est. $14,361 / mo.*
339 Days On Market

Courtesy of F.O. Bailey Real Estate 207-781-1111

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Status: Active Under Contract
Property Type: Single Family Residence
Year Built: 1990
Days On Website: 339

Property Details for 1 & 9 Franklin Terrace, South Portland, ME 04106

An exceptional and increasingly rare offering in South Portland's coveted Willard Beach neighborhood -- now presenting potential for a 12+-unit condominium development (subject to approvals), or an extraordinary multi-generational family compound directly on the beach. Set on a premier waterfront site with sweeping views of Spring Point Ledge Lighthouse, Casco Bay, and the islands, this unique property includes two residences positioned to capture the beauty and energy of Maine's coastline from multiple perspectives. The larger home, recently remodeled, offers four to five bedrooms and expansive living spaces designed to maximize ocean views and natural light. Wake to sunrises over Casco Bay, watch working boats pass through the harbor, and experience true waterfront living from nearly every vantage point. The second residence enjoys its own distinct outlook across the ocean, creating flexibility for guest accommodations, rental income, or extended family living. If utilized as a private compound, there is also potential for an additional buildable lot located in front of the smaller residence, creating the rare opportunity for three separate living spaces -- the primary home, guest residence, and an additional homesite (subject to approvals).

Property Access

  • Road Surface Type: "Paved"

Appliances & Equipment

  • Appliances: "Tankless Water Heater", "Washer", "Refrigerator", "Microwave", "Gas Range", "Electric Range", "Dryer", "Disposal", "Dishwasher"

Basement

  • Basement: "Interior", "Other", "Sump Pump", "Unfinished"

Bathrooms

  • 4 full bathrooms
  • 1 half bathroom
  • 5 total bathrooms

Bedrooms

  • 7 total bedrooms

Building

  • Architectural Style: "Bungalow"
  • Building Area Source: Public Records
  • Building Area Total: 4,300
  • Construction Materials: "Vinyl Siding", "Other", "Composition", "Wood Frame"
  • Year Built: 1990

Cooling

  • Cooling Included
  • Cooling: "Wall/Window Unit(s)", "Heat Pump"

Accessibility Features

  • Accessibility Features: "Other Accessibilities"

Exterior Features

  • Other Equipment: "Internet Access Available", "Generator", "Cable"
  • Patio And Porch Features: "Deck"
  • Patio And Porch Features: "Deck"

Fence

  • Fencing: "Fenced"

Fireplaces

  • Building includes fireplace
  • 2 total fireplaces

Floors

  • Flooring: "Wood", "Vinyl", "Tile", "Laminate"

Foundation

  • Foundation Details: "Slab"

Garage

  • Attached Garage
  • Garage Included
  • 2 garage spaces

Water Features

  • Water Body Name: Atlantic Ocean
  • Waterfront Property

Heating

  • Heating: "Wood Stove", "Radiant", "Hot Water", "Heat Pump", "Baseboard"
  • Heating Included

Interior Features

  • Features: "In-Law Apartment", "Walk-in Closets", "1st Floor Bedroom", "Attic", "Bathtub", "One-Floor Living", "Pantry", "Shower", "Storage", "Primary Bedroom w/Bath"

Laundry

  • Features: "Washer Hookup"

Listing

  • Contract Status Change Date: 2026-04-24
  • Listing Agreement: Exclusive Right To Sell
  • Listing Contract Date: 2025-05-30
  • Listing Id: 1624824
  • Mls Status: Active Under Contract
  • Modification Timestamp: 2026-04-30 12:04:03
  • On Market Date: 2025-06-01
  • Original Entry Timestamp: 2025-06-01 18:37:24
  • Original List Price: $4,995,000
  • Previous List Price: 4100000
  • Price Change Timestamp: 2025-10-15 01:25:14
  • Standard Status: Active Under Contract
  • Status Change Timestamp: 2026-04-25 02:40:44
  • 339 days on market

Location

  • City: South Portland
  • State Or Province: ME
  • County Or Parish: Cumberland
  • Postal Code: 04106

Lot

  • Features: "Well Landscaped", "Level", "Near Public Beach", "Near Shopping", "Near Town", "Neighborhood", "Irrigation System"
  • 0.55 acres
  • Area: 0.55
  • 23,958 square feet

Parking

  • Features: "Heated", "Auto Door Opener", "1 - 4 Spaces", "5 - 10 Spaces", "Other", "Paved", "On Site", "Inside Entrance"

Property

  • Other Structures: "Shed(s)"
  • Parcel Number: SPOR-000002-000000-000106A
  • Property Sub Type: Single Family Residence
  • View: "Scenic"
  • Zoning: A

Roof

  • Roof: "Fiberglass", "Shingle"

Additional Rooms

  • Rooms Total: 14

Security Features

  • Features: "Fire System", "Security System"

Sewer

  • Sewer: "Public Sewer"

Taxes

  • Annual Amount: $36,796
  • Tax Lot: 106/087

Utilities

  • Electric: "Generator Hookup", "Circuit Breakers"
  • Water Source: "Public"

Map View

$3,900,000 - 1 & 9 Franklin Terrace, South Portland, ME 04106

Street View

Directions

1 & 9 Franklin Terrace
South Portland, ME 04106
City: South Portland