Maine Waterfront Real Estate – Wall Street Experts Barron’s
and Grant’s Interest Rate Observer Agree It’s Time to Buy
Barron’s and Jim Grant have both called named coastal Maine Waterfront Real estate a top real estate opportunity. With the recession in real estate bottoming out, and transactions coming through at levels reflective of 2001, experts agree that Maine real estate offers values not seen for a decade or more.
The recent Barron’s article “20 Best Places For Second Homes“, stated that the “luxury second-home market is now firming up again” and with a rapidly closing window for bargains. Grant’s Interest Rate Observer featured Maine as a great opportunity for buyers of choice vacation homes, “In Wall Street argot, Maine would be considered the Pink Sheets market.” Indeed, like the OTC equity market, Maine offers opportunities for astute investors. What puts Maine waterfront real estate at the top of the list? Value and Quality of life.
Barron’s recommends Castine, Maine as a Top 20 Second Home location along with such glittering locales as Aspen, Scottsdale, Jackson Hole and Pebble Beach. Why the focus on quiet, historic Castine? Barrons calls Castine “a low-key Yankee playground of celebrated writers, rich with undiscovered gems”.
Three such gems offered by LandVest are Coverly Farm – a classic Maine Saltwater farm with sweeping lawns down to the water, a breezy and open main house, additional guest cottage and lovely gardens.
Main residence of Coverly Farm in Castine ME sits on 40± private acres overlooking fields and stone walls
Nautilus Island has all the magic of a private island, a beautifully restored century old seaside estate, pool, terraces, boathouse, tennis court, vineyard, pine woods, rocky shores and two guest houses.
Aerial view of Nautilus Island in Brooksville, ME
The Morey-Pierce House, an historic, architectural landmark at the entrance to Castine Harbor, is an exquisitely renovated Victorian residence with spectacular views of the water and islands of Penobscot Bay.
Morey-Pierce House - covered entrance porch overlooking Castine
Castine’s particular charm derives from its location at the end of a peninsula projecting into beautiful Penobscot Bay. One of the oldest settlements in North America, Castine has been continuously occupied since the early 1600’s. Situated on an island-like peninsula on the eastern shore of Penobscot Bay, the village’s strategic location has been the site of trading posts, missions, military forts and permanent settlements of England, Holland, France and colonial America. By the end of the 19th century, the town was again rediscovered with the arrival of steamships filled with summer tourists, or “rusticators ” to the locals. Ample, shingled summer “cottages” sprung up along the shore complementing the stately Georgian and Federal homes that line Castine’s streets. With the establishment of the Maine Maritime Academy in 1942, the town became a vibrant year-round community. Today, shops, galleries and restaurants enliven the village. The Castine Golf Club and the Castine Yacht Club welcome summer residents and visitors to this picturesque destination. Described in Barron’s as “a step out of time” Castine continues its connection to the ocean as a way of life.
An active cultural life combined with natural beauty has long attracted writers and artists, Barron’s notes that “The late novelist Mary McCarthy and her career-diplomat husband once mixed in town with Washington insiders, literati and showbiz sorts. Today a similar set includes Sex and the City writer and producer, Jenny Bicks.”
Artfully restored and expanded, this historic landmark enjoys spectacular Penobscot Bay views
Sited on ~2.6 acres of beautiful grounds with 324' of waterfront, 2 decks and deep water mooring.
Barron’s featured LandVest’s listing, the Morey-Pierce House , a proud 19th century landmark at the harbor entrance offered by John Saint-Amour and Terry Sortwell.
For more information about buying or selling distinctive real estate in Coastal Maine, contact one of our Maine Real Estate Brokers.
Camden, Maine Area Real Estate Broker
Portland, Maine Area Real Estate Broker
Northeast Harbor, Area Real Estate Broker