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50 State Route 129, Walpole, ME, 04573

1beds
1baths
672sqft
$289,900
$431price/sqft
$2,054/moest. monthly cost
$82,160/yrincome needed

About This Home

Business is NOT for sale. Location is everything. You get the best of both worlds: a quiet, rural feel with the convenience of being just 5 minutes from downtown Damariscotta. Enjoy quick access to local shops, dining, and the beautiful Maine coast. Whether you are looking to launch your boutique business or downsize into a low-maintenance lifestyle, this updated 672 sq. ft. property offers incredible value and versatility. Currently operating as a successful hair salon, this space is being sold as real estate only (business not included), providing a turnkey shell for your next chapter. Don't let the square footage fool you--this home is thoughtfully designed. It features a full kitchen, a comfortable one-bedroom layout, and modern updates throughout. Small footprint living means this home is incredibly easy to heat, keeping your overhead low year-round. Situated in the village of Walpole in South Bristol, known for its low tax rates and peaceful atmosphere.

Getting Around

25
WalkingCar-Dependent
0
TransitVery Limited Transit
13
BikeSomewhat Bikeable

Schools

10/10

Construction

Condition

  • Year built: 1999

Materials

  • Foundation: Slab
  • Roof: Metal
  • Construction materials: Wood Frame,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Range,Refrigerator

Bedroom1

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First

Features

  • 1st Floor Bedroom,One-Floor Living,Shower
  • Window features: Double Pane Windows
  • Flooring: Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 672

Heating & Cooling

  • Heating features: Direct Vent Heater,Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 672
  • Total interior livable area: 672 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Property

Details

  • Zoning: Rural

Features

  • Has view: Yes
  • View description: Trees/Woods

Lot

  • Lot size: 1 Acres
  • Features: Rolling Slope

Parking

  • Parking features: Gravel,1 - 4 Spaces,On Site

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

  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Coastal Flooding
Ice Storm
Tsunami

FEMA Declared Disasters Across Maine Counties

Flood
Hurricane
Severe Storm

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

MonthlyAnnual
Mortgage $1,465$17,580
Home Insurance $140$1,680
Property Taxes $205$2,460
Electricity $244$2,930
Total$2,054$24,648

Income You'd Need if You Spent...

35% on housing$70,422/yr
40% on housing$61,620/yr
45% on housing$54,773/yr

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.

Insurance Growth Rate5-year average: 11.5%
11.5%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: -3.7%
-3.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$431This listing

vs Other Active Listings

Avg $/sqft

ZIP 04573$830
Lincoln County$348

vs Homes Sold Last Month

Median $/sqft

ZIP 04573
Lincoln County$230

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)

No zestimate history available

Price History

DateEventPrice
2026-05-02Price change$289,900
2026-03-12Listed for sale$299,000

For Sale by Agent

BrokerageBlue Lobster Real Estate

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