123 Estes Way, Franklin, ME, 04634
About This Home
Experience true waterfront living on Molasses Pond, a stunning 1,280-acre pond featuring its own island. Waters Edge is a beautifully custom-built and meticulously maintained 4-bedroom, 2-bath home located within approximately 50 feet of the water, complete with a private sandy beach. Take in spectacular sunsets and frequent eagle sightings while relaxing in this fully furnished, turnkey property—ideal for entertaining, personal enjoyment, or income-producing rentals. The oversized primary bedroom offers sweeping pond views, allowing you to fall asleep to gentle waves and the call of loons. The kitchen and bathrooms feature granite countertops, while pine walls, custom trim, and rustic farmhouse accents create a warm and inviting atmosphere throughout. Exceptional craftsmanship is evident in every detail, with the home's close proximity to the water and rare sandy beach truly setting it apart. Also included is a detached two-car garage with a studio apartment known as The Overlook, boasting a 5-star rental rating and established rental history. Sliding doors open to a second-story deck with breathtaking pond views. Recent upgrades include new automatic generators and heat pumps for both the main house and studio, plus a new boiler for the home. Offered fully furnished and move-in ready, this exceptional waterfront property is a must-see. This house comes with a REDUCED RATE as low as 5.625% (APR 5.889%) as of 1/7/2026 through List & Lock™. This is a seller paid rate-buydown that reduces the buyer's interest rate and monthly payment. Terms apply, see disclosures for more information.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2009
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Wood Frame,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Microwave,Gas Range,Refrigerator,Washer
Bedroom1
- Level: First
Bedroom2
- Level: First
Bedroom3
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- 1st Floor Bedroom,In-Law Floorplan
- Flooring: Laminate,Other,Tile,Wood
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 2,590
Heating & Cooling
- Heating features: Baseboard,Heat Pump,Hot Water
- Cooling features: Heat Pump
Interior Area
- Total structure area: 2,590
- Total interior livable area: 2,590 sqft
Kitchen
- Features: Eat-in Kitchen
- Level: First
Living Room
- Level: First
Other
- Features: Above Garage,Balcony/Deck,Cathedral Ceiling(s),Dining Area,Eat-in Kitchen,Four-Season,Heated,Kitchen Island,Laundry/Laundry Hook-up,Sleeping
- Level: Second
Primary Bedroom
- Level: Second
Property
Details
- Zoning: Shoreland
Features
- Patio & porch: Deck,Patio
- Has view: Yes
- View description: Scenic
- On waterfront: Yes
- Waterbody name: Molasses Pond
- Frontage length: Waterfrontage: 100,Waterfrontage Owned: 100
Lot
- Lot size: 0.92 Acres
- Features: Open Lot,Rolling Slope
Parking
- Total spaces: 2
- Parking features: Paved,5 - 10 Spaces
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Ice Storm
- Lightning
- Cold Wave
- Drought
- Hurricane
- Inland Flooding
- 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 | $4,545 | $54,540 |
| Home Insurance | $290 | $3,480 |
| Property Taxes | $629 | $7,548 |
| Electricity | $376 | $4,517 |
| Total | $5,840 | $70,080 |
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 |
|---|---|---|
| 2026-01-12 | Listed for sale | $899,000 |
| 2026-01-01 | Listing removed | $899,000 |
| 2025-09-15 | Listed for sale | $899,000 |
| 2025-09-02 | Contingent | $899,000 |
| 2025-07-26 | Listed for sale | $899,000 |
| 2025-07-08 | Contingent | $899,000 |
| 2025-07-02 | Price change | $899,000 |
| 2025-05-13 | Price change | $969,000 |
| 2025-02-05 | Listed for sale | $989,000 |
| 2024-07-06 | Listing removed | -- |
| 2024-04-22 | Listed for sale | $998,000 |
| 2020-10-02 | Sold | $510,000 |
| 2020-06-15 | Listed for sale | $529,000 |
For Sale by Agent
View on Zillow