Listing Agency: Coldwell Banker Realty J***@cbrealty.com Show Phone

Listed By: Jason Clark · License #BA929485

Source: Aroostookrealestate

Added: Jul 21 Changed: Aug 31 Last Checked: Aug 31 at 3:48AM

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Investment Insights

Based on property information with market context.

Merrill House is a 9,600-square-foot Gilded Age country estate on 126 acres in Western Maine. The main residence includes 16 bedrooms, 7 bathrooms, a formal dining room, and a Great Hall. The property also includes an income-producing caretaker’s cottage, barns, garage space, workshop areas, landscaped lawns, gardens, and trails. It was originally homesteaded in 1791 and later expanded by Henry Varnum Poor, with contributions from architects Stanford White and Frederick Law Olmsted.

The estate has operated as a retreat, event, and vacation rental venue, with potential applications including a retreat center, outdoor adventure base, or wedding venue. Partial heating supports three-season occupancy of up to 32 overnight guests. Four-season accommodations support up to 12 overnight guests across 6 bedrooms, with 2 full and 2 half baths, a study, and the Great Hall. Updated plumbing and 200-amp electrical service are in place.

The property is approximately 30 minutes from Bethel, ME, Sunday River, and Black Mountain ski areas. The Appalachian Trail is about 12 minutes away, while Rangeley, ME, Portland International Jetport, and North Conway, NH are within approximately 1 to 1.5 hours.

Key Highlights

• 9,600‑square‑foot estate situated on 126 acres in Western Maine
• Main residence includes 16 bedrooms, 7 bathrooms, a formal dining room, and a Great Hall
• Three‑season occupancy of up to 32 overnight guests with partial heating

Property Analytics

Current Use

Resorts

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Real Estate Agency Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

Explore this area Business Placement

Demographics for 04226, ME

88

Population

43

Households

2

Avg Household Size

66

Median Age

43%

College-Educated

91%

High-School Grad

4.9 sq mi

ZIP Area

18

Density / Sq Mi

$37,375

Median Household Income

$14,583

Median Earnings

$147,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Resort - Gilded Age estate with lodging, event, retreat, and vacation rental capabilities in a riverfront mountain setting.

Where is this resort located?

The property is located at 10 South Arm Rd Andover, ME.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: 9,600‑square‑foot estate situated on 126 acres in Western Maine; Main residence includes 16 bedrooms, 7 bathrooms, a formal dining room, and a Great Hall; Three‑season occupancy of up to 32 overnight guests with partial heating