Lakefront Estate Land with
1024 Meadow Road Casco, ME 04015
1024 Meadow Road, Casco, ME, 04015
$1,282,000
For Sale
$1,282,000
COMMERCIAL - Casco, ME
Property Size5,540 SF
Lot Size2.12 Acres
Price / SF$231.41
Days on Market11
Property Features for 1024 Meadow Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Ltd Commercial Res
- Parking features
- Off Street
- Basement
- Sump Pump, Unfinished, Crawl Space, Full
- Standard status
- Active
- Size
- 5,540 SF
- Lot size
- 2.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6181
Utilities
- Sewer type
- Private Sewer, Septic Tank
- Heating system
- Hot Water(Heating), Radiant, Baseboard, Space Heater, Natural Gas, Wood, Propane (Heating), Heat Pump (Heating), Zoned, Oil
- Cooling system
- Heat Pump
- Water source
- Well, Private
- Water front features
- Lake, Stream, Waterfront
- Water front
- 1
Building Details
- Year built
- 1836
- Flooring type
- Tile, Vinyl, Wood, Carpet
- Building materials
- Wood Frame, Clapboard, Fiber Cement, Vinyl Siding, Wood Siding
- Roof type
- Metal, Shingle
Listing agency
RE/MAX Shoreline
(207) 553-7500
Listed by
Nicholas Guerrette
(207) 939-8519
Added: Jul 12 Checked: Jul 22 at 7:06AM
MLS# 1669947
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale waterfront estate land on Pleasant Lake with approximately 420 feet of owned frontage and a 40-foot seasonal dock. The property includes a main residence with about 5,540 square feet of collective living space, featuring 6 bedrooms and 7 bathrooms and convenient first-floor living. Interior amenities include an oversized dining room, a sunroom overlooking the property, a chef’s kitchen, and a living room with a wood-burning fireplace. Multiple heating sources and water treatment systems are in place, along with a whole-house generator hookup. Also included is a three-season, one-bedroom guest cottage, a private studio loft above an oversized two-car garage, and an oversized carriage house providing substantial storage for recreational equipment and additional potential as a workshop or entertaining space.
Set on more than 2 private acres surrounded by woods, the estate is positioned for outdoor use throughout the year, with access to summer activities such as boating, fishing, swimming, and sunbathing, and winter options including snowmobiling, skiing, ice fishing, and hunting opportunities.
A 10-bedroom septic system supports the property’s capacity, contributing to peace of mind whether occupied year-round or for extended periods.
Set on more than 2 private acres surrounded by woods, the estate is positioned for outdoor use throughout the year, with access to summer activities such as boating, fishing, swimming, and sunbathing, and winter options including snowmobiling, skiing, ice fishing, and hunting opportunities.
A 10-bedroom septic system supports the property’s capacity, contributing to peace of mind whether occupied year-round or for extended periods.
Key Highlights
- Lakefront estate on Pleasant Lake with approximately 420 ft of owned frontage and a 40‑ft seasonal dock
- More than 2 private acres surrounded by woods and nearby hiking trails
- Approximately 5,540 sq ft collective living space with 6 bedrooms and 7 bathrooms in the main residence
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $176.2k | $31.80 |
| − Vacancy | −$10.6k | −$1.91 |
| EGI | $165.6k | $29.89 |
| − OpEx | −$74.5k | −$13.45 |
| NOI | $91.1k | $16.44 |
5,540 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,081 @ 7.0% cap · market cap 7.10%
Second Best
Hotel Hospitality
$575.2K
$503.3K – $671.0K
NOI $40,262 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,587 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Waterfront Land
Similar For Sale Nearby
FAQs
What type of property is this?
Waterfront Land - Waterfront land offering owned Pleasant Lake frontage and a 40-foot seasonal dock.
Where is this waterfront land located?
The property is located at 1024 Meadow Road Casco, ME.
What is the asking price?
The asking price for this property is $1,282,000.
What are key features of this property?
This property features: Lakefront estate on Pleasant Lake with approximately 420 ft of owned frontage and a 40‑ft seasonal dock; More than 2 private acres surrounded by woods and nearby hiking trails; Approximately 5,540 sq ft collective living space with 6 bedrooms and 7 bathrooms in the main residence
