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299 Gates Road, Jefferson, ME, 04348

4beds
4baths
5,180sqft
$1,799,000
$347price/sqft
$12,224/moest. monthly cost
$488,960/yrincome needed

About This Home

Custom-built and elegantly positioned on the coveted western shore of Damariscotta Lake in Jefferson's desirable Narrows, this exceptional lakefront residence features 4 bedrooms and 3.5 baths with refined indoor-outdoor living. A gracious front porch, expansive south-facing waterside deck, and patio capture the property's stunning setting. The main level showcases an open-concept design, seamlessly blending a well-appointed kitchen, dining area, and living space, where a stone fireplace creates a warm focal point for everyday living and entertaining. The first floor also offers radiant floor heat for year-round comfort. The 1st floor primary bedroom suite enjoys tranquil water views, direct deck access, wood floors, a generous walk-in closet, and private full bath. Upstairs, a spacious family room and large bedroom with walk-in closet and full bath are complemented by sweeping lake views, along with a large unfinished space ready for customization; the second floor is heated with HWBB. The lower level provides flexible guest accommodations with two bedrooms, a full bath, kitchenette, and large living area with propane heat stove, well-suited for guests or extended family. A large laundry room provides ample storage and convenience. The home is equipped with a backup generator for added peace of mind. Set on 1.85± landscaped acres, the property includes a dock system with ladder, attached two-car garage, and detached two-car garage. Damariscotta Lake spans 14+/- miles w/ depths exceeding 100 feet, prized for clear water, recreation, and excellent fishing. The Narrows provides a quieter shoreline ideal for swimming, boating, and paddling, with abundant wildlife. Conveniently located near Camp Kieve, Wavus Camp, and Lincoln Academy. A rare opportunity to experience classic Maine lakefront living at its finest.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

7/10
Jefferson Village SchoolGrades K-84.1 mi

Construction

Condition

  • Year built: 2004

Materials

  • Foundation: Poured Concrete
  • Roof: Metal
  • Construction materials: Wood Frame,Shingle Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cape Cod,Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Dryer,Refrigerator,Wall Oven,Washer

Basement

  • Has basement: Yes
  • Basement: Interior Entry,Walk-Out Access,Daylight,Finished,Full

Bedroom2

  • Features: Walk-In Closet(s),Full Bath
  • Level: Second

Bedroom3

  • Features: Closet
  • Level: Basement

Bedroom4

  • Features: Closet
  • Level: Basement

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Room

  • Features: Formal,Dining Area,Wood Burning Fireplace
  • Level: First

Family Room

  • Features: Heat Stove
  • Level: Basement

Features

  • 1st Floor Primary Bedroom w/Bath,Bathtub,Shower,Walk-In Closet(s)
  • Door features: Storm Door(s)
  • Window features: Double Pane Windows
  • Flooring: Laminate,Tile,Wood
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 1,785
  • Finished area above ground: 3,395

Heating & Cooling

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

Interior Area

  • Total structure area: 5,180
  • Total interior livable area: 5,180 sqft

Kitchen

  • Features: Kitchen Island,Pantry,Eat-in Kitchen
  • Level: First

Kitchen

  • Features: Eat-in Kitchen
  • Level: Basement

Laundry

  • Level: Basement

Living Room

  • Features: Formal
  • Level: First

Other

  • Level: Second

Primary Bedroom

  • Features: Walk-In Closet(s),Balcony/Deck,Full Bath,Suite
  • Level: First

Property

Details

  • Parcel number: JEFNM034L035
  • Zoning: 14 SL - LR
  • Other equipment: Generator,Internet Access Available
  • Exclusions: None

Features

  • Patio & porch: Deck,Patio,Porch
  • Has view: Yes
  • View description: Scenic
  • On waterfront: Yes
  • Waterbody name: Damariscotta Lake
  • Frontage length: Waterfrontage: 220,Waterfrontage Owned: 220,Waterfrontage Shared: 220

Lot

  • Lot size: 1.85 Acres
  • Features: Neighborhood,Rural,Level,Open Lot,Landscaped

Parking

  • Total spaces: 4
  • Parking features: Paved,5 - 10 Spaces,Garage Door Opener,Detached
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

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
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Ice Storm
Winter Weather
Lightning
Cold Wave
Hurricane
Inland Flooding
Strong Wind
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 $9,096$109,152
Home Insurance $580$6,960
Property Taxes $1,796$21,552
Electricity $752$9,035
Total$12,224$146,688

Income You'd Need if You Spent...

35% on housing$419,108/yr
40% on housing$366,720/yr
45% on housing$325,973/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

$347This listing

vs Other Active Listings

Avg $/sqft

ZIP 04348$225
Lincoln County$346

vs Homes Sold Last Month

Median $/sqft

ZIP 04348
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
2026-08-17Price change$1,699,000
2026-07-11Listed for sale$1,799,000
2026-06-25Contingent$1,799,000
2026-05-22Listed for sale$1,799,000

For Sale by Agent

AgentMeriwether Gill
BrokerageBetter Homes & Gardens Real Estate/The Masiello Group

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