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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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481 Drakes Island Rd , Wells, ME 04090
$1,599,000
Est. Payment: $8,250.15/mo
4 Bed
2 Bath
1120 Sqft
Status: active | Days on site: 44
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

DRAKES ISLAND - Set back from the road under a stand of mature pines that gave the cottage its name, Pine Cottage has been in the same family since the 1930's. Just moments from the sandy shores of Drakes Island Beach, this inviting home captures the essence of Maine living with a bright front porch and sunroom, welcoming outdoor spaces, and easy access to the area's natural beauty. The home includes 4 bedrooms, 2 baths, and an oversized, surveyed lot with room for lawn games and expansion. Pine Cottage lives large with an open concept first floor plan, including a dining room that has hosted four generations of the same family. Built in 1900, the cottage is believed to be one of the original homes on Drakes Island, and at one point, served as the community house for the 1920's island colony. The Drakes Island Improvement Association offers recreational facilities including clubhouse, classes, day camp and tennis. Membership is optional at 200 per year. This charming coastal retreat delivers an exceptional location near beaches, nature preserves, local restaurants, and all that Wells and the Southern Maine coast provides. Enjoy morning walks by the ocean, relaxing afternoons on the deck, and breathtaking sunsets in one of Maine's most sought-after beach communities. A rare opportunity to own a piece of the Maine coast in a premier Wells location.

Highlights

Listed by Margaret Mitchell , 207-752-3489 and Sharon Beaudoin , 617-352-1203 Coldwell Banker Yorke Realty , 207-363-4300. Maine Real Estate Information System, Inc. mls logo

Property Type

Residential

Lot/Acreage
0.23

Year Built

1900

County

York

School District

Wells-Ogunquit CSD

Listing ID

1666252

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer, Cable,Internet Access Available
Air Cond:Wall Unit(s)
Fireplaces:
Floor:Wood
Above Ground Sq Ft:1120
Below Ground Sq Ft:0
Basement:Interior Entry,Dirt Floor,Crawl Space
Other:Public

Exterior Features

Lot:Intown,Near Public Beach,Near Turnpike/Interstate,Level,Landscaped
Zoning:RD
Roof:Composition,Pitched,Shingle
Sewer:Public Sewer
Parking Features:Gravel,1 - 4 Spaces
Principal Interest
$8,250
Taxes
$881

Home Price

$1,599,000

Loan Details

30 yrs
6.695%

Down Payment

20%
$319,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,250.15

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,250.15 $881.17 $0.00 $9,131.32
Yearly $99,001.84 $10,574.00 $0.00 $109,575.84
Total $2,970,055.34 $317,220.00 $0.00 $3,287,275.34

Today's Rates

30 Year

6.7%

20 Year

6.21%

15 Year

6.15%

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Market insight data is pulled from the same city as the listing being viewed (Wells, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Listing data is derived in whole or in part from the Maine IDX & is for consumers personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.


IDX service by Blueroof 360

Data last updated: 2026-08-02T07:29:11.000Z

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