39 Lower Beach Road, Saco, ME 04072 (MLS # 1595740)

PRICE $1,525,000 BEDS 8 BATHS 4 HOME SIZE 2,442 sqft LOT SIZE 7,841 sqft Request More Info

The Peekytoe Cottage and Carriage House is a beachfront family retreat just five minutes south along the shore from famous Old Orchard Beach and its downtown attractions. It is situated near the quiet fishing village of Camp Ellis on Ferry Beach. The cottage is a spacious beachfront house with six bedrooms and three baths. The additional detached Carriage House has two bedrooms, one bath and all provide a stunning view of the entire Saco Bay and its several small islands. At the Peekytoe Cottage, every effort has been made to provide convenience, comfort and atmosphere for a relaxing seaside family vacation. Incredible investment opportunity with return guests and impressive rental income. Peekytoe Cottage offers a buyer a real estate investment with a solid seasonal rental history, (but could be rented year round). Perfect for passive income, as a large family vacation home, or simply a way to pay down the mortgage of your future beach home, Peekytoe Cottage offers options! Perfect opportunity for your 1031 exchange, or enjoying the income until you decide to move in? Endless potential for this elevated ocean -front gem! See extensive list of renovations seller has done since purchasing The property sits at an elevation above high water mark and behind a riprap seawall to protect from flooding and erosion, and while not a federal requirement, current owners do have a FEMA insurance policy, at a very reasonable annual expense of $2,133 for both dwellings. Buyers are encouraged to seek their own advice;