Spring
E - N E W S L E T T E R April 2021 | Vol. 54
MAINE
As the leader in luxury Maine Real Estate, Legacy Properties Sotheby’s International Realty offers an unmatched blend o
exposure. Our 80-plus licensed real estate agents specialize in Maine Coastal Real Estate, and are proud to represent distinc
With more than 3,500 miles of Atlantic oceanfront, 6,000 lakes and ponds, and the Western Mountains (including world cl International Realty is uniquely positioned to help you find your dream home in Maine. Simply put, we have the premier p
of local expertise, world-class home marketing power, and property ctive properties at all prices in Maine.
lass skiing at Sugarloaf and Sunday River), Legacy Properties Sotheby’s portfolio of Maine Real Estate.
Volume 54 - April 2021 Issue Editorial by: Chris Lynch
Designed by: Dana Whitney
Edited by: Chris Fortunato
Graphics by: Dana Whitney
.
FEATURED LISTING (ALSO ON COVER) $6,200,000 18 NEHOC LANE, KENNEBUNKPORT
LIVE ME & NH
With access to more than 3,500 miles of Atlantic oceanfront, 6,000 lakes and ponds, and mountains with world-class skiing, Legacy Properties Sotheby’s International Realty is uniquely positioned to help you find your dream home in Maine. Simply put, we have the premier portfolio of Maine real estate and waterfront properties for sale.
1 Company - 5 Offices - 80+ Agents - Endless Possibilities
REAL ESTATE EXPERTS IN EVERY MARKET The Sotheby’s International Realty network is comprised of more than 23,000 sales associates located in approximately 1,000 offices in 72 countries worldwide. Our listings are marketed on the sothebysrealty.com global website and on local affiliate websites across the world in the markets from which our buyers are coming. This global exposure not only affords our listing clients the widest possible distribution to the highest number of qualified buyers, but it allows all of our clients access to the most experienced and accomplished real estate experts in whichever town, city, or country they may have needs.
FEATURED LISTING (ALSO ON COVER) $3,500,000 149 & 154 WHITES POINT ROAD, TANDISH
A NEW NORMAL FOR MAINE Over the course of the preceding decades, massive urbanization has been the trend in most of the country. However, there has been a sharp reversal triggered by the influence of COVID-19. Historically, much of the impetus behind the increase in urban dwellers was heavily driven by the daily commute to the workplace. Millennials were especially keen to prioritize a work/life balance that didn’t include spending one to two hours each morning commuting to the office followed by another one to two hours to return to the suburbs. Additionally, convenience played a major role in the urbanization trend, with services such as grocery stores, take-out meals, and numerous shopping options located within blocks of urban dwellings. One cannot overemphasize the structural changes that have occurred with remote working conditions and which will likely continue well into the future, if not indefinitely. It is estimated that 8% of the workforce was able to enjoy remote work at the end of 2019. Recent statistics released by the Federal Reserve Bank of Dallas suggest that this number rose to 20% last summer. Global Workforce Analytics predicts this number will rise to 25-30% by the end of 2021. While it is clear that many workers will be returning to an urban environment, the synergies, cost efficiencies, and quality of life enhancements
associated with remote work will remain a significant driver behind the deurbanization transformation. Maine real estate, with its strong price performance, has been the direct beneficiary of this recent trend. Maine is a small real estate market which only needs a relatively small increase in activity to boost prices and diminish the available inventory of homes for sale. I have been hearing chatter in our real estate circles that this boom will be short-lived and prices will be coming down soon. However, I am not convinced that this is the case. The abundance of buyers looking to change their commutes from the bedroom to the study may actually rise over time. An increasing number of companies have found that employees who work from home are more productive and have more time to commit to work related tasks. As a Maine resident for more than twenty years, I am keenly aware that our great state offers an unparalleled lifestyle with easy access to some of the most beautiful places on the Eastern Seaboard. I have always said that people live in Maine because they can, but until now, buyers were limited by commuting distance and the availability of high speed internet when considering the best possible places to live. Maine has come a long way in its ability to offer the desired lifestyle that so many are seeking and it is easy to imagine that Maine
will continue to be a top destination for many more people going forward. In fact, it is happening before our eyes as we enjoy seeing many new faces on a daily basis. We love helping our clients find their perfect homes and look forward to helping you find your special place here in our wonderful state. If you pass by any one of our five offices while in Maine, please be sure to stop in and say hello. See you soon, Chris
President/Owner Legacy Properties Sotheby’s International Realty
Source: Maine Real Estate Information Systems, Inc. (d/b/a Maine Listings).
for all homes sold over $2,000,000 in Maine for all homes sold over $1,000,000 in Maine for all homes sold over $500,000 in Maine for all waterfront sales in Maine
Legacy Properties Sotheby’s International Realty attributes its success to offering its clients a very strong package of marketing services including: professional photography, Matterport 3D Virtual Tours, glossy print advertising, global property distribution through its exclusive network of agents, and luxury branding through its affiliation with Sotheby’s International Realty.
*Based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period 1/1/2020 through 12/31/2020
2020 Annual Review
If you have followed our social media, blog, and/or newsletter, you will know that we have experienced what seems to be an unprecedented pace of new buyers seeking a primary residence or seasonal property in our great state. The surge in buyer demand continues to outstrip the supply of new listings coming on the market. Although the new listing inventory is currently both at a seasonal and cyclical low point, we continue to source new listings each day. If you are considering selling your home, we have a deep backlog of buyers for most properties and locations in Maine. Our Significant Sales for 2020 is just a sampling of the many great properties our team successfully closed during these complex and challenging times.
LEGACY COLLECTION Our exclusive, multi-page property books are distributed with Maine Home + Design, Down East, and in select areas, The Wall Street Journal and The Boston Globe. As many as 84 pages are distributed with up to 85,000 subscriptions. Our most recent digital issue received over 250,000 unique impressions.
To receive a copy, either in print or electronically, please email collection@legacysir.com.
ANNEMARIE AHEARN 207.200.4830
aahearn@legacysir.com CAMDEN OFFICE
VIRTUAL OPEN HOUSES Welcome to the always-open house. Our immersive Matterport 3D Virtual Tours transport you into the finest selection of Maine Luxury Properties and let you explore like never before. Use Dollhouse view to see a whole property at once, switch to floorplan view for a traditional top-down perspective, or walk through like you’re there in person. Our Matterport 3D Virtual Tours are unlike any other real estate virtual tours. They are the most realistic, cutting edge, and comprehensive way to experience a property online. Click on any of the thumbnail images below to experience the Maine Lifestyle from the comfort of your own home.
FEATURED LISTINGS
135 Mountain Arrow Drive, Camden | $8,500,000 Brian Wickenden 207.975.9650
8 Wheelwright Way, Mount Desert | $6,700,000 Abigail Curless 207.801.1199
18 Nehoc Lane, Kennebunkport | $6,200,000 Ashley O’Neil 203.219.1421 Bill Gaynor 207.468.3002
299 Drexel Lane, Islesboro | $5,000,000 Brian Wickenden 207.975.9650
FEATURED LISTINGS
686 Whites Bridge Road, Standish | $3,900,000 Tammy Ruda 207.831.3164
100 Beauchamp Point Road, Rockport | $3,850,000 Brian Wickenden 207.975.9650
PRICE REDUCED
149 & 154 Whites Point Road, Standish | $3,500,000 Heather Shields 207.596.4050 Elise Kiely 207.838.1050
23 Garthgannon Road, Owls Head | $3,500,000 Charlene Hamiwka 207.671.0085 Kristin Heal 207.542.8890
FEATURED LISTINGS PRICE REDUCED
186 Lopaus Point Road, Tremont | $2,995,000 Lewis Wheelwright 207.232.3951 George Wheelwright 207.249.9626
54 Grandview Avenue, Boothbay Harbor | $2,900,000 Dennis Gleason 207.446.6394 Linda Painter 207.592.3214
147 Ryder Road, Yarmouth | $2,650,000 Alexa Oestreicher 207.329.9307
134 Big Tree Lane, Islesboro | $2,500,000 Michael Kevin Lynch 207.558.3131
FEATURED LISTINGS C O MMERC IAL
18 Angell Point Road, Cape Elizabeth | $2,450,000 Anne Bosworth 207.233.3175
987 Popham Road, Phippsburg | $2,350,000 John McCarthy 207.522.3638 PRICE REDUCED
2 Hinckley Hill Road, Carmel | $2,200,000 Charlene Hamiwka 207.671.0085 Kristin Heal 207.542.8890
16 High Pasture Lane, York | $2,195,000 Mary Jean Labbe 207.337.3661
FEATURED LISTINGS PRICE REDUCED
88 Dodge Cove Lane, Newcastle | $2,150,000 Joanne Moore 207.350.5172 Miles Geisler 207.380.6007
C O MMERC IAL
680 Commercial Street, Rockport | $2,050,000 Brian Wickenden 207.975.9650
PRICE REDUCED
84 Sherman’s Point Road, Camden | $1,790,500 Peter van der Kieft 207.592.9366
154 Foreside Road, Cumberland | $1,750,000 Linda MacDonald 207.749.1215
FEATURED LISTINGS PRICE REDUCED
100 Spencers Ridge Road, Freeport | $1,695,000 Lois Lengyel 207.233.2820
22 Summer Street, Kennebunk | $1,650,000 Bill Gaynor 207.468.3002 C O MMERC IAL
108 Summer Street, Kennebunk | $1,650,000 Alexa Oestreicher 207.329.9307
410&412 Main Street, Rockland | $1,595,000 Brian Wickenden 207.975.9650
FEATURED LISTINGS
157 West Elm Street, Yarmouth | $1,495,000 Linda MacDonald 207.749.1215
720 East Madrid Road, Madrid Twp | $1,495,000 Glenn Jonsson 207.776.0036 Lois Lengyel 207.233.2820 INN / B&B
86 Pascal Avenue, Rockport | $1,395,000 Heidi Steele 207.542.4316
123 & 115 Pleasant Street, Auburn | $1,300,000 Charlene Hamiwka 207.671.0085 Kristin Heal 207.542.8890
FEATURED LISTINGS
12 Norumbega Drive, Camden | $1,300,000 Brian Wickenden 207.975.9650
47/49 Eastward On The Ocean, Rockport | $1,295,000 Heidi Steele 207.542.4316
44 Sunset Ridge Road, Lovell | $1,250,000 Alexa Oestreicher 207.329.9307
9 Langsford Road, Kennebunkport | $1,200,000 Marika Alexis Clark 207.671.6927
FEATURED LISTINGS S U B D I V I S I ON
E Main Street, Searsport | $1,200,000 Charlene Hamiwka 207.671.0085 Kristin Heal 207.542.8890
54 Landing Road, Southport | $1,195,000 Dennis Gleason 207.446.6394 Linda Painter 207.592.3214 C O MMERC IAL
5 Wildwood Lane, Scarborough | $1,100,000 Andrea Pellechia 207.831.0447 Anne Bosworth 207.233.3175
221 Congress Street, Portland | $995,000 Shannon Richards 207.605.2055
FEATURED LISTINGS LAND
Meadow Pond Road, Islesboro | $975,000 Michael Kevin Lynch 207.558.3131
46 Loon Call Lane, West Gardiner | $899,000 Charlene Hamiwka 207.671.0085 Kristin Heal 207.542.8890
98 Norton Pond Road, Lincolnville | $799,000 Charlene Hamiwka 207.671.0085 Kristin Heal 207.542.8890
127 Alford Lake Road, Hope | $795,000 George Wheelwright 207.249.9626
FEATURED LISTINGS
88 Black Sparrow Drive, Portland | $700,000 Elise Kiely 207.838.1050 Sandra Wendland 207.233.7788
12 Scarlet Sage Lane, 68, Brunswick | $672,190 Joane Tait 207.751.4124 8.1050
38 Trailhead Way, Portland | $625,000 Sandra Wendland 207.233.7788 Elise Kiely 207.838.1050
153 Main Street, 1, Yarmouth | $589,000 Preston Robison 207.671.4914 Jon Lahey 207.798.2428
FEATURED LISTINGS
4 Foxglove Way, 90, Brunswick | $562,900 Joane Tait 207.751.4124
16 Black Sparrow Drive, Portland | $560,000 Sandra Wendland 207.233.7788 Elise Kiely 207.838.1050 LAND
2 Foxglove Way, 89, Brunswick | $557,900 Joane Tait 207.751.4124
Lot 8 Rock Garden Way, Mount Desert | $550,000 Jan Moore 207.266.0441
FEATURED LISTINGS
153 Main Street, 2, Yarmouth | $549,000 Preston Robison 207.671.4914 Jon Lahey 207.798.2428
153 Main Street, 4, Yarmouth | $529,000 Preston Robison 207.671.4914 Jon Lahey 207.798.2428
153 Main Street, 5, Yarmouth | $529,000 Preston Robison 207.671.4914 Jon Lahey 207.798.2428
153 Main Street, 3, Yarmouth | $525,000 Preston Robison 207.671.4914 Jon Lahey 207.798.2428
FEATURED LISTINGS
Lot 12 River Point Road, Wiscasset | $515,000 Dennis Duggan 207.522.3747 Ian Duggan 207.522.8090
166 Jordan Shore Drive, Poland | $499,000 Heather Shields 207.596.4050
6 Brandy Brook Circle, Rockport | $475,000 Aaron Crossman 207.322.6638
50 Main Street, Blue Hill | $450,000 Abigail Curless 207.801.1199
FEATURED LISTINGS CO M M E RC I AL
1 Miller Street, Belfast | $450,000 Kate Jackson 207.691.3684 PRICE REDUCED
26 My Way, Boothbay | $439,000 Connie Moss 207.671.0117
75 B Street, D, South Portland | $449,000 Mary Jo Cross 207.671.4006 T O - B E - B U I LT
Lot 7 River Point Road, Wiscasset | $430,000 Ian Duggan 207.522.8090 Dennis Duggan 207.522.3747
FEATURED LISTINGS C O MMERC IAL
17 Common Drive, Boothbay | $425,000 Laura Blake 207.380.4896
118 Main Street, Thomaston | $475,000 Valerie Foster 207.522.7820 C O MMERC IAL
10 Gideons Way, 10, Freeport | $410,000 Heather Shields 207.596.4050
618 West Street, Rockport | $400,000 Peter van der Kieft 207.592.9366 Brian Wickenden 207.975.9650
FEATURED LISTINGS REDUCED-LAND
35 Pascal Avenue, Rockport | $400,000 Valerie Foster 207.522.7820
Lot 5 Rotunda Hill Road, Georgetown | $400,000 Anne Bosworth 207.233.3175
Property Distribution The exposure and worldwide reach of our listings is a crucial piece of what sets us apart from the rest of the industry. Our global property marketing partners include the most authoritative news, lifestyle, and once a home is showcased on sothebysrealty.com, it is exclusively marketed on more than 100 Sotheby’s International Realty websites around the world. Results are measured with a variety of analytics and reporting tools, which enable sales associates and ‘
We were the first luxury real estate brand to launch on Apple TV. We were the first luxury real estate brand to add 3D and Virtual Reality Tours to our website. And, we are the first luxury real estate brand to launch an Augmented Reality app.
The highly anticipated Sotheby’s International Realty brand AR app was built with Google’s ARCore and will bring a home’s Curate by Sotheby’s International Realty is a fantastic tool for both clients and Sotheby’s International Realty sales associates.
virtual staging from perception to reality, allowing users to visualize a house as their own before purchase, adding a new level of curation to the home-buying experience.
For prospective homebuyers – Viewing a potential house in AR breaks down visualization barriers that often accompany the homebuying process, allowing prospective homebuyers the unique ability to envision the house in their personal taste and style. For home sellers / Sotheby’s International Realty clients – Selling a home with a Sotheby’s International Realty sales associate means tapping into the power of AR to sell the home by helping prospective buyers overcome the visualization barriers of touring an empty home or one decorated in style that differs from their taste.
A mobile augmented reality (AR) app that will bring a home’s virtual staging images from 2-D perception into augmented reality.
For the Sotheby’s International Realty sales associate – The benefits for the sales associate are similar to those of the homebuyer and seller; Curate by Sotheby’s International Realty empowers the sales associate to present a home in an objective and neutral manner.
Here are the key groundbreaking features of the app: Visualization – Any property can be transformed through a curated selection of AR furnishings and décor sets. Listing-specific staging options will be available in the near future. Recollection – The app has screenshot capabilities, allowing viewers to capture and store the images of AR furniture sets placed within the visit. Shop – Virtual home furnishings can be clicked for more information about the product, including a link to exit the app and be directed to a retailer’s website. All furniture is shown to-scale and provides accurate room dimensions, ensuring furniture viewed in the app will be a fit, making purchasing and moving into a new home easier on new home buyers.
RENTALS
Maximize Your Home’s Income
There is incredible demand from guests seeking to vacation in Maine and we are looking for outstanding new properties to add to our portfolio of the finest luxury rental homes in all of Maine. We provide a full-service rental experience, including professional photography, cutting edge Matterport 3D Virtual Tours, unmatched global luxury branding, marketing and distribution, and dedicated support. Contact us today to prepare for this Summer and beyond. Visit us at luxurymainerentals.com to view our exceptional luxury rental homes or contact Scott E. Dobos, Director of Rental Operations, at rentals@legacysir.com or 207-370-5479 for more information.
R E N TA L S W E E K LY
Bold ocean views from Chebeague Island! Three bedrooms and two and one half bathrooms can accommodate up to 6 guests this Summer. $14,000/week plus fees/taxes (two-week minimum) M O N T H LY
On the water’s edge in South Portland! Four bedrooms can accommodate up to 8 guests. Private staircase to beach. $20,000/month plus fees/taxes
W E E K LY
Only 2 weeks left! Enjoy August 6th - 20th for the special rate of $20K A lighthouse enthusiasts dream! Four bedrooms and four bathrooms can accommodate up to 6 guests in Boothbay Harbor. Views of seven lighthouses. $12,000/week plus fees/taxes W E E K LY
A private seaside experience like no other! Main home and guest cottage with total of 7 bedrooms and 3 baths in Rockport. Can accommodate up to 13 guests. $7,500/week plus fees/taxes
R E N TA L S W E E K LY
On the Kennebec River with deep water dock access! Riverfront home offers swimming, boating and fishing off the deep water dock can accommodate 10 guests! $7,000/week plus fees/taxes W E E K LY
Oceanfront destination for relaxing and working! Five bedrooms and a dedicated office can accommodate 20 guests in Freeport. $14,000/week plus fees/taxes
W E E K LY
Summer cottage with private beach! Rent kayaks and navigating the Mousam River, go fishing, or tour the Kennebunks. Accommodates 8 guests! $10,000/week plus fees/taxes W E E K LY
Available for the first time as a private vacation rental! Girl Scout camp to private residence to vacation rental. Camp Muscatawa welcomes up to 30 guests! $14,000/week plus fees/taxes
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At Legacy Properties Sotheby’s International Realty®, we use social media to connect your home to our vast community of real estate intenders and influencers from across the globe. Social Media, like real estate, is about connecting people and cultivating relationships, which makes it the ideal tool for marketing your home.
HOME VALUATIONS FROM RELIABLE SOURCES What are home value estimates? An automated valuation model (AVM) is a computer-driven mathematical model that uses basic property characteristics, local market information, and price trends to produce a home value estimate. Our high-quality home valuation estimates are sourced directly from multiple independent AVM providers and are used and trusted by the lending industry. Visit legacysir.com to discover your home’s value.
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PORTLAND OFFICE 2 City Center Portland, Maine 04101 207.780.9800
KENNEBUNK OFFICE
150 Port Road Kennebunk, Maine 04043 207.967.0934
BRUNSWICK OFFICE 141 Maine Street Brunswick, Maine 04011 207.729.2820
DAMARISCOTTA OFFICE 170 Main Street Damariscotta, Maine 04543 207.563.2775
CAMDEN OFFICE
46 Bay View Street Camden, Maine 04843 207.230.1003
Table of Contents Legacy Properties Sotheby’s International Realty 5 offices covering the Maine Coastline & Seacoast New Hampshire.
info@legacysir.com legacysir.com
FEATURED LISTING $2,500,000 134 BIG TREE LANE, ISLESBORO