Significant Sales - First Half of 2023

FIRST HALF OF 2023

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 IN MAINE FOR WATERFRONT PROPERTY SALES

#1 IN MAINE FOR SALES OVER $4,000,000 #1 IN MAINE FOR 2,000,000 #1 IN MAINE FOR SALES OVER $1,000,000 #1 IN MAINE FOR SALES OVER $650,000

Dear Friends,

We owe a most sincere “Thank You” to all of our clients who have entrusted us with the purchase and/or sale of your special slice of Maine real estate. I hope you enjoy our semi-annual Significant Sales Magazine. This publication is our opportunity to reflect on many of the most significant sales in Maine for the first half of 2023. As you will see, we have been very fortunate to offer many of the finest listings across all of our offices and in numerous cities and towns throughout the state. In addition, we have included a collection of our most significant buyer successes as well. Our highly experienced agents are quite adept at navigating the low level of residential inventory to help our clients find and secure the home of their dreams.

We are also pleased to announce that we broke our own all-time record sale in the first half of this year upon selling 76 Seasmoke Road in St. George for $9.75 million. We are so proud to have been the successful listing agency for this extraordinary home. It surpassed our recent record sale of Hartview Circle, Orland, which closed for $8.25 million in 2022. Of course, records are made to be broken. While the above two properties have set a very high bar, we are looking to the future for more exciting times.

Please take a moment to look at the Maine Market Snapshot chart below. This statewide comparison helps to show how the Maine real estate market has transformed in the past three years from a relatively normal pre-COVID period compared to the last 12 months of sales. Prices are more than 50% higher, while the number of homes sold is down 14%. For the many of you that follow the market closely, you can certainly find towns and counties in which the upward swing in prices and the reduction in sales were far more dramatic.

While it is still clearly a sellers market with many more buyers for most homes than there are sellers, we are starting to experience more of an uptick in new listings and days on market. There is little evidence that we will ever return to the market

conditions experienced pre-COVID, but we are looking for a move towards a more balanced playing field.

We look forward to seeing you in Maine!

Warm regards,

Chris

CHRIS LYNCH President

SIGNIFICANT SALES

* Properties marked by an asterisk indicate a top three sale in that town.

Saint George “Seasmoke Farm” Estate Sells for Record-Breaking $9,750,000

We are proud to announce we closed on the highest sale in our 18-year history with our Camden agent Brian Wickenden representing the sellers. The one-of-a-kind oceanfront estate on 32 acres in Saint George, known as “Seasmoke Farm,” sold for $9,750,000. The property is also the highest-priced sale in Maine this year, the highest-priced property ever sold in Saint George, and the sixth-highest residential sale in state history.

“We are so fortunate to have set another company record high sale,” says Chris Lynch, President and Founder of Legacy Properties Sotheby’s International Realty.

“We pride ourselves on representing the finest homes in Maine and this is a great example of the power of our marketing and global property distribution systems through our affiliation with Sotheby’s International Realty.”

The Midcoast Maine estate was featured in Architectural Digest, highlighting the property’s stunning interior design and attention to detail while showcasing the natural landscape. The coastal getaway includes a shingle-style main house, two guest cottages, a pool house, and a farm, and was a collaboration between Portland-based landscape architects Mohr & Seredin, Alabama–based Cole & Cole Architects, and Atlanta interior designer Suzanne Kasler.

“It was an honor to list and sell this magnificent home,” says listing agent Brian Wickenden. “I thoroughly enjoyed the opportunity to meet and introduce prospective buyers to Seasmoke Farm. It was so much fun to see their reactions

as they discovered each of the many special components of the property.”

“It is an extraordinary property in every sense of the word,” says Wickenden. “It’s a remarkable combination of very tasteful high-end construction along with a pair of wonderfully charming and rustic shorefront guest cabins. There is also a recreation building with an outdoor basketball court, and a working farm with two barns, a gorgeous apple orchard, plentiful vegetable gardens, and farm animals. The grounds are beautifully landscaped, and there is a deepwater dock for easy ocean access, as well as a great freshwater pond on the property. It offers something for everyone in an incredibly beautiful and serene setting, all nestled on 32 private acres with over 1,800 feet of ocean frontage.”

“Behind the power of the Sotheby’s International Realty brand, Seasmoke Farm had tremendous marketing reach, and the feedback it generated was resoundingly positive,” adds Wickenden. “It was a thrill to be a part of marketing this one-of-a-kind property.” Seasmoke Farm was featured on multiple Sotheby’s International Realty affiliate offices’ social media platforms and email marketing campaigns. Editorial features included a profile in Mansion Global on resort-style homes, highlighting the estate’s beautiful custom-built poolhouse and additional rec building with a basketball court.

“We are grateful for the opportunity and very pleased with the record result as the listing agency for this incredible home,” adds Chris Lynch. “While I realize that records are meant to be broken, this clearly sets the bar very high.”

John

Marika

Glenn

Andrea

Colin

Lois

BREMEN * 270 NOBLEBORO ROAD Sold $1,225,000

Kathy Leeman, Damariscotta Office 207.504.6866 | kleeman@legacysir.com

Cristina Stirratt, Damariscotta Office 773.910.0359 | cstirratt@legacysir.com

KITTERY 9 BOND ROAD Sold $1,210,000

Mary Jean Labbe, Kennebunk Office 207.337.3661 | mjlabbe@legacysir.com

CAPE ELIZABETH 7 AVON ROAD Sold $1,175,000

Adam Zimbalist, Portland Office 347.522.1554 | azimbalist@legacysir.com

Anne Bosworth, Portland Office (Buyer Agent) 207.233.3175 | abosworth@legacysir.com

Andrea Pellechia, Portland Office (Buyer Agent) 207.831.0447 | apellechia@legacysir.com

Michael Kevin Lynch, Camden Office 207.558.3131 | mlynch@legacysir.com

OTISFIELD

Beth

ISLESBORO

Michael

Heidi

Cristina

Colin

Tom

SIGNIFICANT SALES

BUYER SIDE

* Properties marked by an asterisk indicate a top three sale in that town.

CAPE ELIZABETH * 4 TWO LIGHTS TERRACE - Sold $4,200,000

Linda MacDonald Associates, Portland Office | 207.749.1215 | lma@beautifulmainehome.com

TREMONT * 35 BRADBURY LANE - Sold $2,700,000

Carroll Fernald, Northeast Harbor Office | 207.266.1540 | cfernald@legacysir.com

CAPE ELIZABETH 2 SUMMIT ROAD - Sold $2,250,000

Anne Bosworth, Portland Office | 207.233.3175 | abosworth@legacysir.com

Andrea Pellechia, Portland Office | 207.831.0447 | apellechia@legacysir.com

PORTLAND 208 VAUGHAN STREET - Sold $1,800,000

Alexa Oestreicher, Portland Office | 207.329.9307 | alexa@legacysir.com

YARMOUTH * 52 HIGH WINDS DRIVE - Sold $1,795,000

Alexa Oestreicher, Portland Office | 207.329.9307 | alexa@legacysir.com

CUMBERLAND * 70 BLANCHARD ROAD - Sold $1,675,000

Heather Shields, Portland Office | 207.596.4050 | hshields@legacysir.com

SCARBOROUGH * 301 PLEASANT HILL ROAD - Sold $1,675,0000

Elise Kiely, Portland Office | 207.838.1050 | elise@elisekiely.com

PORTLAND 93 HIGH STREET - Sold $1,625,000

Shannon Richards, Portland Office | 207.605.2055 | srichards@legacysir.com

KENNEBUNK 6 LOBSTER LANE - Sold $1,609,000

Ashley O’Neil, Kennebunk Office | 203.219.1421 | aoneil@legacysir.com

PORTLAND 307 CHANDLERS WHARF #307 - Sold $1,600,000

Marika Clark, Portland Office | 207.671.6927 | mclark@legacysir.com

Glenn Jonsson, Portland Office | 207.776.0036 | glenn@legacysir.com

FALMOUTH 49 STAPLEFORD DRIVE - Sold $1,595,000

Alexa Oestreicher, Portland Office | 207.329.9307 | alexa@legacysir.com

CUMBERLAND 9 EDES ROAD - Sold $1,480,000

Stephanie Branch, Damariscotta Office | 207.751.4093 | sbranch@legacysir.com

YARMOUTH 894 PRINCES POINT ROAD - Sold $1,400,000

Kristina Keaney, Portland Office | 207.756.0475 | kkeaney@legacysir.com

ROCKPORT * 14 SEA LIGHT LANE - Sold $1,375,000

Heidi Steele, Camden Office | 207.542.4316 | hsteele@legacysir.com

BAR HARBOR 7 MAIN STREET - Sold $1,300,000

Laura Farr, Northeast Harbor Office | 207.3481200 | lfarr@legacysir.com

KENNEBUNKPORT 15 SHORE FARM LANE - Sold $1,290,000

Lois Lengyel, Portland Office | 207.233.2820 | llengyel@legacysir.com

Janet Moore, Northeast Harbor Office | 207.266.0441 | jmoore@legacysir.com

CAPE ELIZABETH 50 OAKHURST ROAD - Sold $1,275,0000

Elizabeth Banwell, Portland Office | 207.747.9308 | ebanwell@legacysir.com

FALMOUTH 12 SHINNECOCK LANE - Sold $1,249,0000

Emilie Cole, Portland Office | 207.467.5792 | ecole@legacysir.com

SCARBOROUGH 8 HEATHER LANE - Sold $1,213,500

Andrea Pellechia, Portland Office | 207.831.0447 | apellechia@legacysir.com

CAMDEN * 58 MELVIN HEIGHTS ROAD - Sold $ 1,195,600

Brian Wickenden, Camden Office | 207.975.9650 | bwickenden@legacysir.com

BRUNSWICK * 264 MAINE STREET - Sold $1,115,000

Kristina Keaney, Portland Office | 207.756.0475 | kkeaney@legacysir.com

PORTLAND 14 CLEEVE STREET - Sold $1,100,000

Melissa McKersie, Portland Office | 207.776.8390 | melissam@legacysir.com

PORTLAND 209 CHANDLERS WHARF #209 - Sold $1,060,000

Sandra Wendland, Portland Office | 207.233.7788 | swendland@legacysir.com

BRIDGTON * 12 BLAKE LANE - Sold $1,000,000

Alexa Oestreicher, Portland Office | 207.329.9307 | alexa@legacysir.com

LAKEVILLE * 141 PINE CONE TRAIL - Sold $798,000

Heidi Steele, Camden Office | 207.542.4316 | hsteele@legacysir.com

WESTBROOK * 14 PLEASANT STREET - Sold $721,000

Jessica Falcone, Portland Office | 207.400.4718 | jfalcone@legacysir.com

NORTHEAST CARRY TWP * 231 NORTHEAST CARRY ROAD - Sold $650,000

Kristin Heal, Camden Office | 207.542.8890 | kheal@legacysir.com

EDGECOMB * 34, 36, 37 RIVER ROAD - Sold $630,000

Kathy Leeman, Damariscotta Office | 207.504.6866 | kleeman@legacysir.com

WISCASSET * 20 BORSKI’S WAY - Sold $630,000

Susan Peterson, Damariscotta Office | 207.350.5243 | speterson@legacysir.com

STONINGTON * 95 GREEN HEAD ROAD - Sold $625,000

Nicole Richardson, Northeast Office | 207.479.7551 | nrichardson@legacysir.com

BOWDOINHAM * 558 BAY ROAD - Sold $605,000

Kaleb Swan, Brunswick Office | 207.653.0924 | kswan@legacysir.com

FRANKLIN * 845 WEST FRANKLIN ROAD - Sold $430,000

Laura Pellerano, Northeast Harbor Office | 207.266.2941 | lpellerano@legacysir.com

THANK YOU FOR YOUR TRUST AND SUPPORT

WE ARE #1

for all homes sold over $4,000,000 in Maine

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 $650,000 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.

PORTLAND

Greater Portland and Cumberland County

2 City Center Portland, Maine 04101 207.780.9800

KENNEBUNK

Southern Maine and York County

150 Port Road

Kennebunk, Maine 04043 207.967.0934

BRUNSWICK

Midcoast, Cumberland, Lincoln, and Sagadahoc Counties

141 Maine Street Brunswick, Maine 04011 207.729.2820

DAMARISCOTTA

Midcoast, Lincoln and Sagadahoc Counties

170 Main Street

Damariscotta, Maine 04543 207.563.2775

CAMDEN

Midcoast and Islands, Knox and Waldo Counties

46 Bay View Street

Camden, Maine 04843 207.230.1003

NORTHEAST HARBOR

Hancock and Washington Counties

6 Neighborhood Road

Northeast Harbor, Maine 04662 207.780.8900

SERVING COASTAL MAINE AND THE NEW HAMPSHIRE SEACOAST