41 Canal Street, Princeton, ME, 04668
About This Home
Rare waterfront estate offering more than 500 feet of owned frontage on West Grand Lake and approximately 7 wooded acres in the heart of Grand Lake Stream Village. Built in 2003, the custom log home showcases exceptional craftsmanship with intricate hand-carved woodwork, a remarkable handmade stone wall, and thoughtfully curated interiors designed by renowned Los Angeles designer Lisa McGee. Warm and inviting, the home blends rustic Maine character with refined design and stunning lake views. The property includes buildable waterfront and lake-view lots, creating opportunities for expansion, guest accommodations, a family compound, or future investment. Enjoy breathtaking sunsets, and direct access to some of Maine's finest fishing, boating, and year-round outdoor recreation, with the 57,700-acre Downeast Lakes Community Forest nearby. Additional features include a detached garage with central heating system and one of the most sought-after waterfront settings in Downeast Maine. A truly rare opportunity to own a legacy property on West Grand Lake.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2003
Materials
- Foundation: Poured Concrete
- Roof: Shingle,Wood
- Construction materials: Log,Log Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Bulkhead,Crawl Space
Bedroom1
- Level: First
Bedroom2
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Family Room
- Level: First
Features
- Flooring: Wood
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 864
Heating & Cooling
- Heating features: Baseboard,Hot Water
- Cooling features: None
Interior Area
- Total structure area: 864
- Total interior livable area: 864 sqft
Kitchen
- Level: First
Property
Details
- Zoning: D-RS,D-GN
Features
- On waterfront: Yes
- Waterbody name: West Grand Lake
- Frontage length: Waterfrontage: 500,Waterfrontage Owned: 500
Lot
- Lot size: 7.56 Acres
- Features: Near Town,Wooded
Parking
- Total spaces: 2
- Parking features: Gravel,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
- Ice Storm
- Winter Weather
- Cold Wave
- Hurricane
- Lightning
- Drought
- 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 | $4,803 | $57,636 |
| Home Insurance | $502 | $6,024 |
| Property Taxes | $736 | $8,832 |
| Electricity | $244 | $2,930 |
| Total | $6,285 | $75,420 |
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 |
|---|---|---|
| 2026-06-12 | Listed for sale | $950,000 |
| 2026-01-12 | Listing removed | $950,000 |
| 2025-06-10 | Listed for sale | $950,000 |
For Sale by Agent
View on Zillow