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$2,500,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 3 Full Baths
  • 1,874 Sq. Ft.
  • 2.25 Acres
  • 2 Car Garage
  • Updated 1 day ago
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Potential for 4 Units - 2 Homes & 2 ADU's!! One Property. Two Deeded Parcels. A Rare Coastal Estate in Lower Village Kennebunk. Some properties are measured by square footage. Others are defined by what can never be recreated. Set in one of Lower Village Kennebunk's most desirable locations, this extraordinary property combines a beautifully crafted custom residence with a separately deeded buildable homesite, creating more than two acres of private coastal land with direct tidal marsh frontage--a combination rarely found this close to Dock Square, the beaches, and the Kennebunk River. The land extends to the edge of the tidal marsh, where sweeping views, abundant wildlife, and the daily rhythm of the tides create an ever-changing natural backdrop. Launch a kayak from your own property at high tide, watch migrating birds throughout the seasons, or simply enjoy the peace and beauty of one of southern Maine's most treasured coastal environments. What makes this property truly exceptional is its flexibility. Preserve the adjoining parcel as a permanent privacy buffer, create a multigenerational family compound, build a future residence, or simply enjoy the rare privilege of owning one of Lower Village's largest private land holdings. Special Features: There is a possibility for 4 UNITS - 2 homes & 2 ADU's - More than 2 Acres - Walk to Town and Beach - Direct Tidal Marsh Frontage - Beautiful Custom Built Home - Exceptional Privacy - Separately Deeded Lots - Efficient Home w/ Radiant

Full Property Details for Lot 1 12 Wallace St

General

  • Price: $2,500,000
  • Taxes: $19,060 (2026)
  • Status: Active
  • Type: Single Family
  • Source: MREIS
  • MLS ID: 1669079
  • Updated: 6/26/2026
  • Added to Site: 1 day(s) ago

Interior

  • Number of Rooms: 8
  • Interior Features: 1st Floor Bedroom, Bathtub, Pantry, Primary Bedroom w/Bath
  • 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: Soil Test Available, Septic Design Available, Septic Tank, Septic Needed
  • 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): 2.25
  • Lot Size (Sq. Ft.): 98,010
  • Zoning: CR
  • Lot Description: Near Public Beach, Near Shopping, Near Town, Level, Open Lot, Landscaped, Wooded

Water Features

  • Water Front: Yes
  • Water Front Name: Inlet Brook

Financial Considerations

  • Tax Amount: $19,060
  • Tax Year: 2026

Disclosures and Reports

  • Lot Number: 01 & 06

Listed by Portside Real Estate Group (207) 204-0465

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Listing agent

— Lot 1 12 Wallace St —

  • Portside Real Estate Group

    207-204-0465

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving Lot 1 12 Wallace St

School District:Regional School Unit 21
NameGradesDistance
Sea Road School
29 Sea Road, Kennebunk, ME 04043
3-52.8 mi
Kennebunk Elementary School
177 Alewive Road, Kennebunk, ME 04043
PK-25.8 mi
Middle School Of The Kennebunks
60 Thompson Road, Kennebunk, ME 04043
6-86 mi
Kennebunk High School
89 Fletcher Street, Kennebunk, ME 04043
9-124.4 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 Lot 1 12 Wallace St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/26/2026
Listed
$2,500,000
1011.11%
MLS
1/09/2026
Sold
$225,000
—
Public Record
Get Price Alerts and Save Property
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 for Lot 1 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
—
View All
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 for Lot 1 12 Wallace St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Portside Real Estate Group (207) 204-0465

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Lot 1 & 12 Wallace Street, Kennebunk, ME 04043 (MLS# 1669079) is a Single Family property with 3 bedrooms and 3 full bathrooms. Lot 1 & 12 Wallace Street is currently listed for $2,500,000 and was received on June 26, 2026. Want to learn more about Lot 1 & 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.

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