1 & 9 Franklin Terrace, South Portland, ME 04106

$3,900,000
Property Type: Residential Bedrooms: 7 Baths: 5 Square Footage: 4,300 Lot Size (sq. ft.): 23,958 Status: Active
Current Price: $3,900,000 List Date: 6/01/2025 Last Modified: 2/16/2026

Description

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

Supplements: ********

More Information MLS# 1624824

Property Sub-Type

Property Sub-Type: Single Family Residence

Location Information

Book: 18526/33842 Leased Land: No Page: 0233/0116 Map: 02 Block: A Lot: 106/087 Zoning Overlay: No Association: No Tree Growth Y/N: No Street #: 1 & 9 Street Name: Franklin Street Type: Terrace County: Cumberland Town: South Portland State/Province: ME Zip Code: 04106 Zip +4: 2215 Zoning: A Full Tax Amount $: 36796 Tax Year: 2025

Property Information

Surveyed: Yes Seasonal: No Deed/Conveyance Type Offered: Warranty Deed: All Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: No Lot Size Acres +/-: 0.55 # Rooms: 14 Total Baths: 5 Total Half Baths: 1 Color: Gray/Blue+blue # Fireplaces: 2 SqFt Finished Above Grade: 4300 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: Yes Garage Spaces: 2 # Bedrooms: 7 Total Full Baths: 4 Year Built: 1990 SqFt Finished Total: 4300 Source of Acreage: Survey

Levels

Multi-Level: 1

Site

Level: 1 Well Landscaped: 1

Location

Near Public Beach: 1 Near Shopping: 1 Near Town: 1 Neighborhood: 1

Roads

Paved: 1 Public: 1

Water Info

Water Frontage: Yes Waterfront Amount: 211.93 Water Frontage Owned: 211.93 Water Frontage Shared: 211 Water View: Yes Water Body Name: Atlantic Ocean

Source of Water Frontage

Survey: 1

Water Body Type

Bay: 1 Ocean: 1

Recreational Water

Beach Rights: 1 Oceanfront: 1

Construction

Wood Frame: 1

Other Structures

Shed(s): 1

Basement

Other: 1 Slab: 1 Sump Pump: 1 Unfinished: 1 Other Description: 9 Franklin has a basement

View

Scenic: 1

Foundation Materials

Slab: 1

Exterior

Composition: 1 Other: 1 Vinyl Siding: 1

Roof

Fiberglass: 1 Shingle: 1

Heat System

Baseboard: 1 Heat Pump: 1 Hot Water: 1 Radiant: 1 Wood Stove: 1

Appliances Included

Dishwasher: 1 Disposal: 1 Dryer: 1 Electric Range: 1 Gas Range: 1 Microwave: 1 Refrigerator: 1 Washer: 1

Energy Efficiency

Tankless Water Heater: 1

Heat Fuel

Electric: 1 Gas Natural: 1 Other Heat Fuel: 1 Wood: 1

Cooling

Heat Pump: 1 Wall/Window Unit(s): 1

Floors

Laminate: 1 Tile: 1 Vinyl: 1 Wood: 1

Accessibilitiy Amenities

Other Accessibilities: 1

Kitchen Countertop

Formica: 1 Granite: 1

Parking

1 - 4 Spaces: 1 5 - 10 Spaces: 1 On Site: 1 Paved: 1

Style

Bungalow: 1 Modern: 1

Electric

Circuit Breakers: 1 Generator Hookup: 1

Bedroom 1

Bedroom 1: 1 Bedroom 1 Level: First

Gas

Natural - At Street: 1

Sewer

Public Sewer: 1

Bedroom 2

Bedroom 2: 1 Bedroom 2 Level: First

Water

Public: 1

Bedroom 4

Bedroom 4: 1 Bedroom 4 Level: Second

Bedroom 5

Bedroom 5: 1 Bedroom 5 Level: Second

Bedroom 6

Bedroom 6: 1 Bedroom 6 Level: Second

Driveway

Other: 1 Paved: 1

Bedroom 7

Bedroom 7: 1 Bedroom 7 Level: Second

Basement Entry

Interior: 1

Water Heater

Off Heating System: 1

Window Features

Storm Window(s): 1

Door Features

Storm Door(s): 1

Amenities

1st Floor Bedroom: 1 Attic: 1 Bathtub: 1 Fence: 1 Fire System: 1 In-Law Apartment: 1 Irrigation System: 1 Laundry - Hookup: 1 One-Floor Living: 1 Pantry: 1 Primary Bedroom w/Bath: 1 Security System: 1 Shower: 1 Storage: 1 Walk-in Closets: 1

Patio and Porch Features

Deck: 1

Equipment

Cable: 1 Generator: 1 Internet Access Available: 1

Green Features

Whole House Fan: 1

Vehicle Storage

2 Car: 1 Auto Door Opener: 1 Direct Entry to Living: 1 Heated: 1 Attached: 1

Dining Room

Dining Room: 1 Dining Room Level: First

Great Room

Great Room: 1 Great Room Level: Second

Kitchen

Kitchen: 1 Kitchen Level: First

Living Room

Living Room: 1 Living Room Level: First

Living Room Amenities

Gas Fireplace: 1 Heat Stove: 1

Primary Bedroom

Primary Bedroom: 1 Primary Bedroom Level: Second

Primary Bedroom Amenities

Balcony/Deck: 1 Closet: 1 Full Bath: 1 Heat Stove: 1 Suite: 1

Office

Office: 1 Office Level: Second

Room Features

Balcony/Deck: 1 Closet: 1 Full Bath: 1 Gas Fireplace: 1 Heat Stove: 1 Suite: 1

Contract Information

Status: Active Original List Price: 4995000 List Price: $3,900,000 Current Price: $3,900,000

Property Features

Site: Level; Well Landscaped Location: Near Public Beach; Near Shopping; Near Town; Neighborhood Roads: Paved; Public Source of Water Frontage: Survey Water Body Type: Bay; Ocean Recreational Water: Beach Rights; Oceanfront View: Scenic Appliances Included: Dishwasher; Disposal; Dryer; Electric Range; Gas Range; Microwave; Refrigerator; Washer Kitchen Countertop: Formica; Granite Style: Bungalow; Modern Levels: Multi-Level Construction: Wood Frame Basement: Other; Slab; Sump Pump; Unfinished Basement Entry: Interior Foundation Materials: Slab Roof: Fiberglass; Shingle Exterior: Composition; Other; Vinyl Siding Heat System: Baseboard; Heat Pump; Hot Water; Radiant; Wood Stove Heat Fuel: Gas Natural; Other Heat Fuel; Wood Water Heater: Off Heating System Cooling: Heat Pump; Wall/Window Unit(s) Floors: Laminate; Tile; Vinyl; Wood Window Features: Storm Window(s) Door Features: Storm Door(s) Amenities: 1st Floor Bedroom; Attic; Bathtub; Fence; Fire System; In-Law Apartment; Irrigation System; Laundry - Hookup; One-Floor Living; Pantry; Primary Bedroom w/Bath; Security System; Shower; Storage; Walk-in Closets Patio and Porch Features: Deck Equipment: Cable; Generator; Internet Access Available Green Features: Whole House Fan Driveway: Other; Paved Parking: 1 - 4 Spaces; 5 - 10 Spaces; On Site; Paved Vehicle Storage: 2 Car; Auto Door Opener; Direct Entry to Living; Heated Other Structures: Shed(s) Electric: Circuit Breakers; Generator Hookup Gas: Natural - At Street Sewer: Public Sewer Water: Public

Room Information

Kitchen Level: First Dining Room Level: First Bedroom 1 Level: First Bedroom 2 Level: First Living Room Level: First Primary Bedroom Level: Second Bedroom 2 Level: Second Bedroom 4 Level: Second Bedroom 5 Level: Second Bedroom 6 Level: Second Bedroom 7 Level: Second Great Room Level: Second Office Level: Second Kitchen Level: Second
Listing Office: F.O. Bailey Real Estate
IDX
Last Updated: February - 16 - 2026
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