Regardless of cooling housing market, Maine nonetheless has luxurious houses on the coast listed for $11M and up

Maine’s housing market could also be cooling down, however that doesn’t appear to use to luxurious residential properties on the coast, which proceed to be listed for traditionally excessive costs.

For somebody trying to spend round $11 million, there are a couple of mansions in coastal Maine to select from. There’s a waterfront household compound in Bar Harbor with 4 homes on it; a 7,400 square-foot waterfront mansion in Northeast Harbor; and a waterfront house in St. George with two visitor homes, an out of doors basketball courtroom, and a pool home.

The 2 properties on Mount Desert Island every are listed for greater than $11 million — one in Northeast Harbor for $11.6 million and one other in Bar Harbor for $11.2 million.

The Northeast Harbor property, which sits on a 1-5-acre parcel on Peabody Drive that overlooks the mouth of the native harbor, has 5 bedrooms and 7 loos. Inbuilt 2006, the home comes with a deep-water dock, a exercise room, outside terraces overlooking the ocean and an in-law residence.

The city of Mount Desert has assessed the whole worth of property on Peabody Drive, together with the home, at simply shy of $5 million. The city makes use of the evaluation to find out the property’s tax worth