Maine’s Most Expensive Residential Property Sales in October

A 7,000-square-foot oceanfront estate near Nubble Lighthouse off the coast of York became the most expensive home sold in Maine during October.

The property, located at 181 Nubble Road, closed on October 1 for $7 million, according to data from state transfer tax documents reported by the Bangor Daily News.

While that single sale captured significant attention, the broader October real estate landscape in Maine reveals a sharp divide between residential luxury and large-scale commercial activity. The state’s most expensive transaction during the month wasn’t a home at all, but a commercial site in South Portland. The sale of 2 & 29 Gannett Drive reached $24.8 million, dwarfing the residential high-water mark.

The top ten residential sales tell a story of coastal concentration. Every property in the top ten list is situated along the Maine coast, spanning from the southern reaches of York to the more remote Milbridge in Washington County. These ten homes represent a combined sale price exceeding $42 million, maintaining an average price point of $4.2 million per property.

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The following table breaks down the ten most expensive residential sales recorded in Maine during October, based on public state transfer tax records:

Address Location Sale Price Sale Date
181 Nubble Road York $7,000,000 Oct. 1
425 Seaside Ave. Saco $4,900,000 Oct. 1
43 Sea St. Rockport $4,700,000 Oct. 26
45 Rumill Road Tremont $4,100,000 Oct. 22
4 Atlantic Place Cape Elizabeth $4,100,000 Oct. 23
7 Nubble Point York $4,000,000 Oct. 29
708 Leighton Point Road Milbridge $3,900,000 Oct. 7
83 Western Ledge Road Boothbay $3,300,000 Oct. 21
0 Mill Road Edgecomb $3,200,000 Oct. 29
34 Gragmoor Lane Harpswell $3,100,000 Oct. 7

These figures highlight a specific tier of the market where proximity to the Atlantic Ocean dictates value. In York, the market showed particular strength with two properties making the list, including the $7 million Nubble Road estate and the $4 million sale at 7 Nubble Point.

This concentration of high-value transactions along the shoreline underscores the ongoing volatility and geographic specificities of the Maine housing market. While these multi-million dollar sales are outliers compared to the state average, they serve as indicators of where significant capital is being deployed within the coastal economy.

The disparity between the $24.8 million South Portland commercial sale and the $3.1 million Harpswell residential sale illustrates the different economic engines driving Maine’s real estate sector. One represents institutional or business-scale investment, while the other reflects the premium placed on seasonal or luxury residential living.