Mainebiz

W W W. M A I N E B I Z . B I Z 9 J U N E 2 7 , 2 0 2 2 B R I E F At $10.5 million, asking price for Falmouth house could top Cumberland County record B y L a u r i e S c h r e i b e r Falmouth — A 13,307-square-foot waterfront house in Falmouth went on the market last week for $10.5 million — the highest asking price ever in the town and possibly in Cumberland County, said the listing broker, David Jones of F.O. Bailey Real Estate. That asking figure is also double the property's previous sale price, in 2018, of $5.25 million. The home at 153 Foreside Road "underwent a complete renovation," Jones, whose firm is also in Falmouth, told Mainebiz. "It is the absolute best property in all of Falmouth and is the highest price a home has ever been offered at. It will sell at a price close to asking if not asking." The four-bedroom house, overlooking Casco Bay and a five-minute drive from the Portland Country Club, was built in 1986 and fully renovated in 2021. "The home was completely gutted and reconfigured inside," Jones said. The seller, who declined to be identified, has used the property year-round since the 2018 purchase. But the seller is relocating, said Jones. The prospective buyer pool includes boaters and folks "looking for one-of-a- kind" water views, he added. The doubling of the sale value reflects the property's major renovation. "Coastal properties like this with waterfront that can be utilized are extremely rare," Jones said. "Very few waterfront properties have a boat house, accessory dwellings, motorhome/boat capable garage, deep water dock and views like this. All the boxes are checked." The property was listed June 10. Record sale prices Keep in mind, the Falmouth house has not sold, so we don't know the final price that will be paid. As for houses that have sold, in June 2021 a house on Sebago Lake was listed at $9.97 million and sold for $8.5 million, which is believed to be the highest price paid for a single-family home in Cumberland County. Jones of F.O. Bailey represented the buyer in that deal; the David Banks Team at RE/MAX by the Bay was the listing broker. Statewide, in 2018 two houses in Bar Harbor sold for more. The former David Rockefeller estate sold for $19 million, while a second home there sold for $9.5 million. Enduring water purity means we'll take care of you and your water over the long term. Whether you need a quick water test, a full water filtration system, or ongoing maintenance, you can rely on Fontus. Today, tomorrow, and in the years to come. At Fontus, we're passionate about water purity. As a Maine company, we're committed to providing Mainers with clean, pure water through testing, installation, and on-going maintenance. With Fontus, you'll always know who to call for all your water purity needs. ENDURING WATER PURITY FONTUSWATERTREATMENT.COM 207.856.0066 / Info@FontusH2o.com / 39 Immersion Dr. Suite 3, Scarborough " Highly professional and skilled team. 100% recommend Fontus. Work was explained clearly, no pressure sales tactics, and super quick installation. Couldn't be happier with the experience." — B. Watson, Gorham ME In the event you experience an unfortunate incident at your facility, have a visit from a compliance officer, enter into an OSHA settlement agreement, or want to know your current level of OSHA compliance, our CSPs and CIHs are ready to assist with OSHA: · Compliance Program Development · Side-by-side air and exposure monitoring · Incident investigation assistance and auditing · Recordkeeping a udits and training · Compliance gap assessments · Training on "What to do if/when OSHA comes knocking at your door." airpf.com 888.918.4193 P H O T O / C O U R T E S Y O F F. O. B A I L E Y R E A L E S TAT E

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