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51 W Island Way #509, Edgecomb, ME, 04556

3beds
3baths
1,617sqft
$599,000
$370price/sqft
$3,942/moest. monthly cost
$157,680/yrincome needed

About This Home

This lovely 3-bedroom, 2-bath stand-alone condo is located in Sheepscot Harbour Village and Resort, offering beautiful views of the Sheepscot River. The property features modern amenities and a spacious layout that is perfect for both relaxation and entertaining. Residents can also enjoy access to the resort's facilities, including a 700-foot dock with the option for mooring, shorefront canoe and kayak racks, and an on-site restaurant. This condo is ideal for year-round personal use or can be rented out for a consistent income. Come see this charming property for yourself.

Getting Around

20
WalkingCar-Dependent
0
TransitVery Limited Transit
20
BikeSomewhat Bikeable

Schools

6/10
Edgecomb Eddy SchoolGrades PK-60.8 mi
2/10

Construction

Condition

  • Year built: 2007

Materials

  • Roof: Shingle
  • Construction materials: Wood Frame,Shingle Siding,Wood Siding

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary
  • Property subType: Condominium

Interior

Basement

  • Basement: None

Bedroom1

  • Level: First

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • 1st Floor Primary Bedroom w/Bath
  • Flooring: Carpet,Tile,Wood
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,617

Heating & Cooling

  • Heating features: Baseboard,Hot Water,Radiant
  • Cooling features: None

Interior Area

  • Total structure area: 1,617
  • Total interior livable area: 1,617 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Property

Details

  • Zoning: EDG

Features

  • Patio & porch: Screened
  • On waterfront: Yes
  • Waterbody name: Sheepscot River
  • Frontage length: Waterfrontage: 3000,Waterfrontage Owned: 3000,Waterfrontage Shared: 3000

Lot

  • Lot size: 9.30 Acres
  • Features: Near Public Beach,Near Town,Sidewalks,Landscaped

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
    Ice StormVery High
  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Hurricane
    HurricaneModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Ice Storm
Winter Weather
Lightning
Coastal Flooding
Hurricane
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 $3,028$36,336
Home Insurance $246$2,952
Property Taxes $424$5,088
Electricity $244$2,930
Total$3,942$47,304

Income You'd Need if You Spent...

35% on housing$135,154/yr
40% on housing$118,260/yr
45% on housing$105,120/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

$370This listing

vs Other Active Listings

Avg $/sqft

ZIP 04556$167
Lincoln County$345

vs Homes Sold Last Month

Median $/sqft

ZIP 04556
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)

Price History

DateEventPrice
2026-05-07Listed for sale$610,000
2024-04-30Sold$500,000
2024-04-30Pending sale$524,000
2024-04-17Contingent$524,000
2024-02-08Price change$524,000
2024-01-03Listed for sale$539,000
2023-12-01Listing removed--
2023-10-07Price change$549,000
2023-08-08Price change$574,000
2023-07-10Listed for sale$595,000
2023-06-08Pending sale$595,000
2023-06-03Contingent$595,000
2023-04-14Listed for sale$595,000

For Sale by Agent

AgentLindsay Book
BrokerageThe Maine Real Estate Experience

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