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1 & 9 Franklin Terrace, South Portland, ME, 04106

7beds
5baths
4,300sqft
$3,300,000
$767price/sqft
$20,832/moest. monthly cost
$833,280/yrincome needed

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

43
WalkingCar-Dependent
23
TransitMinimal Transit
49
BikeSomewhat Bikeable

Schools

9/10
6/10

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
    Winter WeatherVery High
  • Coastal Flooding
    Coastal FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Coastal Flooding
Ice Storm
Hurricane
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters Across Maine Counties

Flood
Hurricane
Severe Storm
Winter 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 $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...

35% on housing$714,240/yr
40% on housing$624,960/yr
45% on housing$555,520/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: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$767This listing

vs Other Active Listings

Avg $/sqft

ZIP 04106$318
Cumberland County$368

vs Homes Sold Last Month

Median $/sqft

ZIP 04106$333
Cumberland County$317

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
2026-06-08Listed for sale$3,300,000
2026-04-25Contingent$3,900,000
2025-10-15Price change$3,900,000
2025-08-28Price change$4,100,000
2025-06-01Listed for sale$4,995,000

For Sale by Agent

AgentAnne Ross-Murray
BrokerageF.O. Bailey Real Estate

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