Residential Income Estate with Guest
16 Davis Point Road Wayne, ME 04284
16 Davis Point Road, Wayne, ME, 04284
$850,000
For Sale
$850,000
MULTI_FAMILY - Contemporary, Ranch - Wayne, ME
Property Size6,649 SF
Lot Size7.51 Acres
Price / SF$127.84
Days on Market34
Property Features for 16 Davis Point Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Residential
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 2, Bathroom 1, Bathroom 3
- Parking features
- Heated
- Patio and Porch features
- Patio
- Interior features
- Other Amenities, Walk-in Closets, In-Law Apartment, 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, One-Floor Living, Pantry, Shower, Storage, Primary Bedroom w/Bath
- Exterior features
- Animal Containment System
- Fencing
- Fenced
- Basement
- Unfinished, Walk-Out Access, Partial
- Standard status
- Active
- Size
- 6,649 SF
- Lot size
- 7.51 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 12263
Utilities
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Zoned, Heat Pump (Heating), Electric (Heating), Radiant, Oil, Wood
- Cooling system
- Heat Pump
- Water source
- Well, Private
- Water front features
- Lake
- Water front
- 1
Building Details
- Year built
- 1977
- Number of units
- 2
- Flooring type
- Wood, Tile
- Building materials
- Stone, Wood Frame, Wood Siding, Other Exterior
- Roof type
- Shingle
- Architectural style
- Contemporary, Ranch
- Additional Structures
- Other, Outbuilding, Storage
Listing Agency
Better Homes & Gardens Real Estate/The Masiello Group
(207) 623-4182
10 Mulliken Court, Augusta, ME
Listed by
Taylor Tarbox
(207) 446-4896
Added: Jun 18 Updated: Jul 7 at 11:33 am Checked: Jul 21 at 3:06 am
MLS# 1667976
Listing URL
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.
This contemporary ranch-style stone estate at 16 Davis Point Road is designed for both everyday comfort and flexible use. The interior features a chef’s kitchen with granite countertops, high-end appliances, and a walk-in pantry with its own freezer and ample storage. From there, a breakfast nook opens to a formal dining room, followed by a great room with a fireplace and an adjacent library. Refurbished hardwood floors run throughout, and the home is heated and cooled by radiant heat and four heat pumps. Three fireplaces add warmth and character throughout the main living spaces.
The primary bedroom is set in its own wing and includes twin bathrooms, a dressing area with a vanity and sink, a fireplace, and direct access to the patio. Above the attached three-car garage, there is a layout that can serve as an in-law suite or private guest quarters, currently configured with two bedrooms, a full bathroom, a kitchen, and an expansive living area. Additional storage includes built-ins throughout and large walk-in closets, including a cedar-lined closet.
For power continuity, the property has a diesel on-demand generator. Outdoor amenities include multiple stone patios and a grape-wrapped pergola, along with surrounding gardens featuring fruit trees, stone gardens, and raised beds. There is also a barn with power and water, offering additional options for storage or other uses. While located in Wayne, Maine, the listing does note walking distance to the yacht club and beach, supported by a peaceful, outdoor-oriented setting.
The primary bedroom is set in its own wing and includes twin bathrooms, a dressing area with a vanity and sink, a fireplace, and direct access to the patio. Above the attached three-car garage, there is a layout that can serve as an in-law suite or private guest quarters, currently configured with two bedrooms, a full bathroom, a kitchen, and an expansive living area. Additional storage includes built-ins throughout and large walk-in closets, including a cedar-lined closet.
For power continuity, the property has a diesel on-demand generator. Outdoor amenities include multiple stone patios and a grape-wrapped pergola, along with surrounding gardens featuring fruit trees, stone gardens, and raised beds. There is also a barn with power and water, offering additional options for storage or other uses. While located in Wayne, Maine, the listing does note walking distance to the yacht club and beach, supported by a peaceful, outdoor-oriented setting.
Key Highlights
- Lakefront home with fenced yard, patio, and multiple outdoor stone patios plus a grape‑wrapped pergola
- Built in 1977; stone and wood‑frame ranch/contemporary construction with wood siding and shingle roof
- Primary suite on the 1st floor with bath access, built‑in storage, and direct patio access
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 | $119.7k | $18.00 |
| − Vacancy | −$1.9k | −$0.29 |
| EGI | $117.8k | $17.71 |
| − OpEx | −$53.0k | −$7.97 |
| NOI | $64.8k | $9.74 |
6,649 SF · lease $18.00/SF/yr · vacancy 1.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$925.3K
$809.7K – $1.08M
NOI $64,772 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.92M
$8.68M – $11.57M
NOI $694,376 @ 7.0% cap · market cap 81.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kents Hill Australian ...
Pet Store
FAQs
What type of property is this?
Single family property - Stone estate with a primary wing and a potential private in-law suite over an attached three-car garage.
Where is this single family property located?
The property is located at 16 Davis Point Road Wayne, ME.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Lakefront home with fenced yard, patio, and multiple outdoor stone patios plus a grape‑wrapped pergola; Built in 1977; stone and wood‑frame ranch/contemporary construction with wood siding and shingle roof; Primary suite on the 1st floor with bath access, built‑in storage, and direct patio access
