See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

5 Wharf Hill Road, Monhegan, ME, 04852

7beds
3baths
2,388sqft
$1,150,000
$482price/sqft
$7,467/moest. monthly cost
$298,680/yrincome needed

About This Home

With years of careful stewardship, all mechanical systems have been brought up to modern standards, and the roof has been completely replaced within the past 4 years. The flexible layout offers comfortable options for everyday living and hosting guests. The primary living space - perfect as the main residence - is on the harbor side of the building. The first floor consists of a living/dining area, a galley kitchen, a bedroom with an original tin ceiling that has recently been painted, a full bathroom, and a laundry. Behind the main residence is a large, maintenance-free deck. The second floor has 2-3 bedrooms (2 of which face the harbor). The third serves as an additional sitting room, which can easily be converted into a bedroom. There is a second large bathroom, as well as a small kitchenette and dining area. The second floor is ideal for extended family, friends, or as an extra rental income. The third floor features a bonus room with a large window that captures spectacular views of the harbor and Manana Island. Additional storage is built into the knee walls. The bonus room has a vented skylight and a ceiling fan with light. The attached income property is a remodeled three-story Guest House. On the first floor is a full kitchen with a ceiling fan with light. The kitchen opens to the living/dining area, and a large deck and privacy fence are located outside the kitchen door. The second floor of the Guest House has a large master bedroom with a ceiling fan with light. The hall bathroom is located just outside the master bedroom. The third floor has a charming loft bedroom with a vented skylight to welcome the ocean breeze. There is another ceiling fan with light in the loft. Located behind the house is a large storage shed with a freezer chest. The metal roof was replaced in 2025.

Getting Around

20
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

--
Monhegan Island SchoolGrades PK-80.1 mi

Construction

Condition

  • Year built: 1809

Materials

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

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Bulkhead,Unfinished

Bedroom1

  • Level: First

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedroom4

  • Level: Second

Bedroom5

  • Level: Third

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • 1st Floor Bedroom
  • Flooring: Wood
  • Finished area below ground: 0
  • Finished area above ground: 2,388

Heating & Cooling

  • Heating features: Direct Vent Heater,Space Heater
  • Cooling features: None

Interior Area

  • Total structure area: 2,388
  • Total interior livable area: 2,388 sqft

Kitchen

  • Level: First

Kitchen

  • Level: First

Kitchen

  • Level: Second

Living Room

  • Level: First

Living Room

  • Level: First

Living Room

  • Level: Second

Other

  • Level: Third

Property

Details

  • Parcel number: 4WharfHillRoadMonheganIslandPlantation04852
  • Zoning: General

Features

  • Patio & porch: Deck
  • Has view: Yes
  • View description: Scenic
  • Waterbody name: Atlantic Ocean

Lot

  • Lot size: 9,147 sqft
  • Features: City Lot,Level,Open Lot,Rolling Slope

Parking

  • Parking features: No Driveway,Other

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 WeatherVery High
  • Coastal Flooding
    Coastal FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Hurricane
    HurricaneModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Coastal Flooding
Ice Storm
Lightning
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 $5,815$69,780
Home Insurance $491$5,892
Property Taxes $814$9,768
Electricity $347$4,165
Total$7,467$89,604

Income You'd Need if You Spent...

35% on housing$256,011/yr
40% on housing$224,010/yr
45% on housing$199,120/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

$482This listing

vs Other Active Listings

Avg $/sqft

ZIP 04852$387
Lincoln County$344

vs Homes Sold Last Month

Median $/sqft

ZIP 04852
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
2026-05-26Listed for sale$1,150,000
2025-11-02Listing removed$1,250,000
2025-05-23Listed for sale$1,250,000
2024-11-02Listing removed$1,250,000
2024-07-22Listed for sale$1,250,000

For Sale by Agent

AgentLewis Wheelwright
BrokerageLandVest, Inc.

Similar Homes