362 Lamb Farm Road, Baileyville, ME, 04694
About This Home
Rare Waterfront Compound - 2 Camps on Lake Frontage! This property features two separate camp structures, making it an ideal family compound, multi-generational getaway, or income-producing investment. Each structure offers flexible 2-3 bedroom layouts awaiting your custom finishing touches. The grounds feature a private pond, expansive green space with mature trees, and a dedicated launch ramp right on the property--perfect for easily slipping kayaks, canoes, or small boats into the water. Structure #1 - Mudroom, large kitchen, vaulted ceilings in dining room/living room with breathtaking views of the lake, 3 bedrooms, 1 full bath, 1 half bath. Structure #2 - Mudroom, living area kitchen+living room, 2 bedrooms, full bathroom.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1992
Materials
- Foundation: Other,Poured Concrete
- Roof: Shingle
- Construction materials: Wood Frame,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary,Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Gas Range,Refrigerator,Washer
Basement
- Has basement: Yes
- Basement: Interior Entry,Crawl Space
Bedroom1
- Features: Closet
- Level: First
Bedroom2
- Features: Closet
- Level: First
Bedroom3
- Level: First
Bedroom4
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Den
- Level: First
Dining Room
- Features: Heat Stove,Heat Stove Hookup,Informal,Vaulted Ceiling(s),Dining Area
- Level: First
Features
- 1st Floor Bedroom,One-Floor Living,Pantry,Shower
- Door features: Storm Door(s)
- Flooring: Vinyl,Wood
- Finished area below ground: 0
- Finished area above ground: 1,400
Heating & Cooling
- Heating features: Direct Vent Heater,Wood Stove
- Cooling features: None
Interior Area
- Total structure area: 1,400
- Total interior livable area: 1,400 sqft
Kitchen
- Features: Pantry,Vaulted Ceiling(s)
- Level: First
Living Room
- Features: Vaulted Ceiling(s),Built-in Features,Informal
- Level: First
Mud Room
- Features: Closet
- Level: First
Property
Details
- Parcel number: BAILM013B018
- Zoning: Shoreland
- Other equipment: Internet Access Available
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Scenic,Trees/Woods
- On waterfront: Yes
- Waterbody name: Grand Falls Flowage
- Frontage length: Waterfrontage: 280,Waterfrontage Owned: 280
Lot
- Lot size: 1.03 Acres
- Features: Near Public Beach,Neighborhood,Rural,Level,Open Lot,Rolling Slope
Parking
- Parking features: Gravel,1 - 4 Spaces
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Winter Weather
- Cold Wave
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,764 | $21,168 |
| Home Insurance | $153 | $1,836 |
| Property Taxes | $532 | $6,384 |
| Electricity | $244 | $2,930 |
| Total | $2,693 | $32,316 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-03 | Listed for sale | $349,000 |
| 2018-08-23 | Sold | $115,000 |
| 2018-05-21 | Price change | $139,900 |
| 2017-06-15 | Listed for sale | $159,900 |
For Sale by Agent
View on Zillow