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$3,900,000

  • For Sale
  • Active
  • Single Family
  • 7 Beds
  • 4 Full Baths
  • 1 Partial Bath
  • 4,300 Sq. Ft.
  • 0.55 Acres
  • 2 Car Garage
  • Updated 13 days ago
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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

Full Property Details for 1 & 9 Franklin Terrace

General

  • Price: $3,900,000
  • Taxes: $36,796 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MREIS
  • MLS ID: 1624824
  • Updated: 2/15/2026
  • Added to Site: 272 day(s) ago

Interior

  • Number of Rooms: 14
  • Interior Features: In-Law Apartment, Walk-in Closets, 1st Floor Bedroom, Attic, Bathtub, One-Floor Living, Pantry, Shower, Storage, Primary Bedroom w/Bath
  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Appliances: Tankless Water Heater, Washer, Refrigerator, Microwave, Gas Range, Electric Range, Dryer, Disposal, Dishwasher
  • Flooring: Wood, Vinyl, Tile, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 7

Other Rooms

  • Laundry: Washer Hookup

Additional Information

  • Security/Safety: Fire System, Security System
  • Equipment: Internet Access Available, Generator, Cable

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Parking Features: Heated, Auto Door Opener, 1 - 4 Spaces, 5 - 10 Spaces, Other, Paved, On-Site Parking, Inside Entrance

Location

  • County: Cumberland

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s), Heat Pump
  • Heating Type: Wood Stove, Radiant, Hot Water, Heat Pump, Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Bungalow
  • Construction: Vinyl Siding, Other, Composition, Wood Frame
  • Roof: Fiberglass, Shingle
  • Windows: Storm Window(s)
  • Doors: Storm Door(s)
  • Building Size: 4300
  • Square Feet: 4,300
  • Sq. Ft. Source: Public Records
  • Living Area: 4,300 Sq. Ft.
  • Finished Total: 4,300 Sq. Ft.
  • Finished Above Grnd: 4,300 Sq. Ft.
  • Year Built: 1990

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Property View: Scenic
  • Lot Size (Acres): 0.55
  • Lot Size (Sq. Ft.): 23,958
  • Lot Size Source: Survey
  • Zoning: A
  • Lot Description: Well Landscaped, Level, Near Public Beach, Near Shopping, Near Town, Neighborhood, Irrigation System
  • Fencing (Description): Fenced

Water Features

  • Water Front: Yes

Financial Considerations

  • Tax Amount: $36,796
  • Tax Year: 2025

Disclosures and Reports

  • Block: A
  • Lot Number: 106/087

Listed by F.O. Bailey Real Estate (207) 781-1111

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Listing agent

— 1 & 9 Franklin Terrace —

  • F.O. Bailey Real Estate

    207-781-1111

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 1 & 9 Franklin Terrace

School District:South Portland
NameGradesDistance
Dora L Small Elementary School
87 Thompson Street, South Portland, ME 04106
K-50.3 mi
Daniel F. Mahoney Middle School
240 Ocean Street, South Portland, ME 04106
6-81.3 mi
South Portland High School
637 Highland Avenue, South Portland, ME 04106
9-122.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1 & 9 Franklin Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/14/2025
Price Reduced
$3,900,000
-4.88%
MLS
8/28/2025
Price Reduced
$4,100,000
-17.92%
MLS
6/01/2025
Listed
$4,995,000
—
MLS
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.

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Listed by F.O. Bailey Real Estate (207) 781-1111

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1 & 9 Franklin Terrace, South Portland, ME 04106 (MLS# 1624824) is a Single Family property with 7 bedrooms, 4 full bathrooms and 1 partial bathroom. 1 & 9 Franklin Terrace is currently listed for $3,900,000 and was received on June 01, 2025. Want to learn more about 1 & 9 Franklin Terrace? Do you have questions about finding other Single Family real estate for sale in South Portland? You can browse all South Portland real estate or contact a Coldwell Banker agent to request more information.

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