0 Off Hathaway Rd Island Falls, ME 04747
This exceptional 3.4-acre property offers a unique blend of recreational and residential potential. Situated on the desirable Mattawamkeag Lake in Island Falls, Maine, this southwest-facing lot boasts an impressive 240 feet of waterfront access. The surveyed acreage provides ample space for building your dream home or cabin, enjoying the tranquility of lake life, and engaging in a variety of outdoor activities. Conveniently located off Hathaway Road in Aroostook County (zip code 04747), the property features existing power at the lot line and a newly constructed driveway leading to a near-ready building site. Mattawamkeag Lake itself is a substantial 3300 acres, offering abundant opportunities for fishing and boating. The surrounding area is rich with recreational options, including ATV trails, snowmobiling routes, hunting grounds, and golf courses. Several local restaurants cater to the needs of residents and visitors alike. This is an unparalleled opportunity to own a piece of Maine's stunning natural beauty, combining the serenity of lakefront living with easy access to a vibrant community and diverse recreational pursuits. The property is priced at $98,000 and presents a compelling investment for those seeking a tranquil retreat or a lucrative recreational property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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