Wells Ocean Avenue Development
For Sale
$1,200,000
835 Ocean Avenue, Wells, ME 04090
LAND - Wells, ME
Property SizeContact for details
Lot Size0.50 Acres
Days on Market110
Property Features for 835 Ocean Avenue
General Information
Property type
Land
Property subtype
Other
Zoning
RB
Pets allowed
No
Lot features
Near Country Club, Open, Corner Lot, Level, Near Public Beach, Near Shopping
Standard status
Active
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5075
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Anchor Real Estate
(207) 361-5007
Listed By:
Anchor Real Estate
(207) 361-5007
Added: May 12
Changed: Aug 11
Last Checked: Aug 29 at 10:06AM
MLS# 1656918
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.
Located on Ocean Avenue in Wells, this half-acre corner lot at Ocean Avenue and Eldridge Road presents a development opportunity within walking distance to the beach. The site benefits from seasonal marsh views, public water and sewer services, and a completed preliminary survey. The property is zoned RB. Subject to local approvals, the site offers flexibility for redevelopment, including replacing the existing structure with a new single-family home or duplex, subdividing the parcel into three single-family lots, or creating two conforming lots, each capable of supporting a single-family home or duplex. The site may accommodate up to four total units, offering potential exit strategies such as build-and-sell, condominium development, long-term hold, or owner-occupancy with additional units for resale or income. The property represents an attractive land basis per possible unit relative to other coastal opportunities. Future changes to accessory dwelling unit (ADU) regulations may further enhance the property's versatility and overall value. The property is located in York County, Maine, with a postal code of 04090.
Key Highlights
- Rare development opportunity on Ocean Avenue, short walk to the beach.
- Flexible development options: single‑family home, duplex, or subdivision into multiple lots.
- Potential for up to four units, offering attractive land basis per unit.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 04090, ME
11,314
Population
9,590
Households
1.2
Avg Household Size
53
Median Age
38%
College-Educated
92%
High-School Grad
57.7 sq mi
ZIP Area
196
Density / Sq Mi
$83,900
Median Household Income
$47,928
Median Earnings
$1,313
Median Rent
$445,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Half-acre lot near the beach with redevelopment potential.
Where is this land located?
The property is located at 835 Ocean Avenue Wells, ME.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Rare development opportunity on Ocean Avenue, short walk to the beach.; Flexible development options: single‑family home, duplex, or subdivision into multiple lots.; Potential for up to four units, offering attractive land basis per unit.
