




1 & 9 Franklin Terrace, South Portland, ME, 04106
About This Home
An exceptional and increasingly rare offering in South Portland's coveted Willard Beach neighborhood -- now presenting potential for a development (subject to approvals), or an extraordinary multi-generational family compound directly on the beach. Set on a premier waterfront site with sweeping views of Spring Point Ledge Lighthouse, Casco Bay, and the islands, this unique property includes two residences positioned to capture the beauty and energy of Maine's coastline from multiple perspectives. The larger home, recently remodeled, offers four to five bedrooms and expansive living spaces designed to maximize ocean views and natural light. Wake to sunrises over Casco Bay, watch working boats pass through the harbor, and experience true waterfront living from nearly every vantage point. The second residence enjoys its own distinct outlook across the ocean, creating flexibility for guest accommodations, rental income, or extended family living. If utilized as a private compound, there is also potential for an additional buildable lot located in front of the smaller residence, creating the rare opportunity for three separate living spaces -- the primary home, guest residence, and an additional homesite (subject to approvals).
Getting Around
Schools
Construction
Condition
- Year built: 1990
Materials
- Foundation: Slab
- Roof: Fiberglass,Shingle
- Construction materials: Wood Frame,Composition,Other,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Microwave,Electric Range,Gas Range,Refrigerator,Washer,Tankless Water Heater
Basement
- Has basement: Yes
- Basement: Interior Entry,Other,Sump Pump,Unfinished
Bedroom1
- Level: First
Bedroom2
- Level: First
Bedroom2
- Level: Second
Bedroom4
- Level: Second
Bedroom5
- Level: Second
Bedroom6
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Dining Room
- Level: First
Features
- 1st Floor Bedroom,Attic,Bathtub,In-Law Floorplan,Pantry,Shower,Storage,Walk-In Closet(s),Primary Bedroom w/Bath
- Door features: Storm Door(s)
- Window features: Storm Window(s)
- Flooring: Laminate,Tile,Vinyl,Wood
- Number of fireplaces: 2
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 4,300
Great Room
- Level: Second
Heating & Cooling
- Heating features: Other,Baseboard,Heat Pump,Hot Water,Radiant,Wood Stove
- Cooling features: Wall/Window Unit(s),Heat Pump
Interior Area
- Total structure area: 4,300
- Total interior livable area: 4,300 sqft
Kitchen
- Level: First
Kitchen
- Level: Second
Living Room
- Features: Gas Fireplace,Heat Stove
- Level: First
Office
- Level: Second
Other
- Level: Second
Primary Bedroom
- Features: Closet,Full Bath,Heat Stove,Suite,Balcony/Deck
- Level: Second
Property
Accessibility
- Accessibility features: Other Accessibilities
Details
- Zoning: A
- Other equipment: Cable,Generator,Internet Access Available
Features
- Levels: Multi/Split
- Patio & porch: Deck
- Has view: Yes
- View description: Scenic
- On waterfront: Yes
- Waterbody name: Atlantic Ocean
- Frontage length: Waterfrontage: 211.93,Waterfrontage Owned: 211.93,Waterfrontage Shared: 211
Lot
- Lot size: 0.55 Acres
- Features: Irrigation System,Near Public Beach,Near Shopping,Near Town,Neighborhood,Level,Landscaped
Parking
- Total spaces: 2
- Parking features: Other,Paved,1 - 4 Spaces,5 - 10 Spaces,On Site,Garage Door Opener,Heated Garage
- 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
- Coastal Flooding
- Ice Storm
- Hurricane
- Lightning
- Strong Wind
- 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 | $16,686 | $200,232 |
| Home Insurance | $744 | $8,928 |
| Property Taxes | $2,777 | $33,324 |
| Electricity | $625 | $7,500 |
| Total | $20,832 | $249,984 |
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 |
|---|---|---|
| 2026-06-08 | Listed for sale | $3,300,000 |
| 2026-04-25 | Contingent | $3,900,000 |
| 2025-10-15 | Price change | $3,900,000 |
| 2025-08-28 | Price change | $4,100,000 |
| 2025-06-01 | Listed for sale | $4,995,000 |
For Sale by Agent
