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Single Family Residence in South Portland, ME

$3,900,000 Get Pre-Approved

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

Description

Bedroom

7 Rooms

Bathroom

0 Bath

Square Foot

4300 Ft

Lot Size

0.55 Acres

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). Broker Owned

Location
Contact Agent

South Portland Expert Agent

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Additional Listing Details:

286 days on HouseJet

Last Refresh: 03/15/2026 02:00:03 PM UTC

MLS #: 1624824

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Agents: Is This Your Listing?

Listing Agent

Anne Ross-Murray

F.O. Bailey Real Estate

Phone: 207-781-1111