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$1,945,000
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Property Description
Coastal Retreat Walkable to Dock Square & Gooch's Beach Tucked away on one of Kennebunk's most peaceful streets, this custom-built coastal retreat offers a rare blend of privacy, luxury, and walkability just moments from Dock Square, Gooch's Beach, local cafés, restaurants, and boutique shopping. Thoughtfully designed with architectural intention and effortless flow, the home blends modern comfort with timeless craftsmanship. Soaring 14-foot ceilings, a dramatic vaulted stairwell, and abundant natural light create an airy, calming atmosphere throughout the open-concept living spaces. At the heart of the home, the chef's kitchen features Thermador appliances, Cambria quartz countertops, custom pine finishes, and inviting gathering spaces ideal for entertaining and relaxed coastal living. A private rear suite with separate entrance and kitchenette offers exceptional flexibility for guests, a home office, or luxury short-term rental use. The property has demonstrated strong Airbnb income potential with a history of outstanding guest reviews and impressive rental performance. Built for low-maintenance, energy-efficient living, the home includes radiant floor heating, a propane tankless water heater, three Daikin mini-splits, soundproof interior walls, Sonos audio, Nest thermostats, and integrated smart-home technology allowing owners to remotely manage climate controls and monitor home systems directly from their phone. Outside, beautiful outdoor living spaces are surrounded by mature gardens, native plantings, and peaceful natural scenery. Multiple concrete patios and a backyard hot tub create ideal settings for outdoor dining, entertaining, or quiet relaxation. The detached garage offers potential for a future ADU, guest house, studio, or additional income-producing space. A rare turnkey opportunity offering modern coastal design, privacy, flexibility, walkability, and proven luxury rental appeal in one of southern Maine's most desirable coast
Full Property Details
Full Property Details for 12 Wallace St
General
- Price: $1,945,000
- Taxes: $16,447 (2025)
- Status: Active
- Type: Single Family
- Source: MREIS
- MLS ID: 1659088
- Updated: 6/4/2026
- Added to Site: 45 day(s) ago
Interior
- Number of Rooms: 8
- Interior Features: 1st Floor Bedroom, Pantry
- Appliances: Dishwasher, Dryer, Gas Range, Refrigerator, Washer
- Furnishings: Negotiable
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Main Level
Additional Information
- Spa: Yes
- Equipment: Internet Access Available
Exterior
- Porch/Patio/Deck: Patio
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Other, 5 - 10 Spaces
Location
- County: York
School Information
- High School District: RSU 21
Community
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Electric, Propane, Heat Pump, Radiant
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Utilities On
Structural Information
- Architectural Style: Contemporary
- Construction: Wood Frame, Clapboard, Other
- Basement: Yes
- Basement Desc.: Not Applicable, None, Slab
- Roof: Composition
- Square Feet: 1,874
- Sq. Ft. Source: Public Records
- Finished Total: 1,874 Sq. Ft.
- Finished Above Grnd: 1,874 Sq. Ft.
- Year Built: 2018
Lot Features
- Property View: Scenic, Trees/Woods
- Lot Size (Acres): 0.64
- Lot Size (Sq. Ft.): 27,878.4
- Zoning: CR
- Lot Description: Near Public Beach, Near Shopping, Near Town, Level, Open Lot, Landscaped, Wooded
Financial Considerations
- Tax Amount: $16,447
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 6
Listed by Portside Real Estate Group (207) 204-0465
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Schools
Schools serving 12 Wallace St
School District:Regional School Unit 21
| Name | Grades | Distance |
|---|---|---|
Sea Road School 29 Sea Road, Kennebunk, ME 04043 | 3-5 | 2.8 mi |
Kennebunk Elementary School 177 Alewive Road, Kennebunk, ME 04043 | PK-2 | 5.8 mi |
Middle School Of The Kennebunks 60 Thompson Road, Kennebunk, ME 04043 | 6-8 | 6 mi |
Kennebunk High School 89 Fletcher Street, Kennebunk, ME 04043 | 9-12 | 4.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12 Wallace St
Date
Details
Price
Change
Source
5/28/2026
Price Reduced
$1,945,000
-2.51%
MLS
4/24/2026
Listed
$1,995,000
786.67%
MLS
1/09/2026
Sold
$225,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 12 Wallace St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,447
112%
$1,669,700
266%
2024
$7,741
6%
$456,700
—
2023
$7,330
10%
$456,700
—
2022
$6,668
8%
$456,700
—
2021
$6,152
19%
$456,700
22%
2019
$5,162
212%
$375,400
297%
2018
$1,656
6%
$94,600
—
2017
$1,566
4%
$94,600
—
2016
$1,504
4%
$94,600
—
2015
$1,447
3%
$94,600
—
2014
$1,410
—
$94,600
—
2013
$1,414
—
$94,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 12 Wallace St
12 Wallace Street, Kennebunk, ME 04043 (MLS# 1659088) is a Single Family property with 3 bedrooms and 3 full bathrooms. 12 Wallace Street is currently listed for $1,945,000 and was received on April 24, 2026. Want to learn more about 12 Wallace Street? Do you have questions about finding other Single Family real estate for sale in Kennebunk? You can browse all Kennebunk real estate or contact a Coldwell Banker agent to request more information.

