$3,400,000

This 14.25-acre parcel on Shore Road in Cape Elizabeth is indeed a rare and remarkable opportunity that is now on the market for the first time in over 120 years. Located directly across from the beach, Fort Williams Park, and the iconic Portland Head Light, this property offers prime access to scenic beauty and proximity to Portland's amenities — including just a 20-minute drive to the Portland Jetport. Engineering for a 16-unit luxury condominium development has been completed, including studies covering stormwater, sewer, utilities, density, wetlands, traffic, soil, open space, and permitting from both the Army Corps of Engineers and the Maine DEP. At the final Planning Board review of this project, 35 of the 36 Findings of Fact were approved (see attached document). Next steps with this incredible parcel would be to revive the current development proposal or explore alternative uses such as private estates.