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360 Pine Point Road, Scarborough, ME, 04074

6beds
6baths
3,488sqft
$1,300,000
$373price/sqft
$9,151/moest. monthly cost
$366,040/yrincome needed

About This Home

An incredible investment opportunity in a breathtaking locale! Six well-maintained units steps away from seven miles of ocean shoreline make this a seldom-seen gem you don't want to miss. Be it an owner-occupied or investor scenario, a strong rental history underscores the potential of this special spot. The property has historically employed a season-focused rental approach, with summer months welcoming shorter-term beach goers and the cooler seasons attracting traveling professionals. Each space is equipped with in-unit laundry, making day-to-day living (and guest stays) a breeze. Ample parking behind the building provides convenience for all. The scent of salty air, marsh & water views, coastal wildlife sightings, and golden hour walks on the beach make each day magical. Effortless access to this quieter stretch of shoreline via Snowberry Park feels like a true retreat. Pine Point's offerings are steps away, meaning you can eat, drink, and be merry without having to hop in the car. Scarborough provides everything a heart desires, but when adventure calls outside the bounds of town, Portland is within easy reach, as is the highway. A rare find with lasting rewards - a must-see!

Getting Around

34
WalkingCar-Dependent
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

--
Blue Point SchoolGrades K-21.5 mi
9/10
9/10
Scarborough High SchoolGrades 9-123.5 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Shingle
  • Construction materials: Wood Frame,Shingle Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: New Englander,Other
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Flooring: Carpet,Tile,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 3,488

Heating & Cooling

  • Heating features: Direct Vent Heater,Forced Air,Hot Water
  • Cooling features: None

Interior Area

  • Total structure area: 3,488
  • Total interior livable area: 3,488 sqft

Property

Details

  • Parcel number: SCARMU022L003
  • Zoning: B1

Features

  • Levels: Multi/Split
  • Stories: 3
  • Patio & porch: Deck,Patio
  • Waterbody name: Ocean

Lot

  • Lot size: 8,712 sqft
  • Features: Near Public Beach,Neighborhood,Other,Level

Parking

  • Parking features: Paved,5 - 10 Spaces,Off Street

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
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Coastal Flooding
Ice Storm
Hurricane
Lightning
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 $6,573$78,876
Home Insurance $286$3,432
Property Taxes $1,785$21,420
Electricity $507$6,084
Total$9,151$109,812

Income You'd Need if You Spent...

35% on housing$313,748/yr
40% on housing$274,530/yr
45% on housing$244,026/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

$373This listing

vs Other Active Listings

Avg $/sqft

ZIP 04074$354
Cumberland County$368

vs Homes Sold Last Month

Median $/sqft

ZIP 04074$354
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)

No zestimate history available

Price History

DateEventPrice
2026-05-06Listed for sale$1,450,000
2017-05-15Sold$652,500
2016-08-16Price change$699,000
2016-07-12Listed for sale$729,000
2015-04-09Listing removed$689,000
2014-10-20Price change$689,000
2014-03-19Listed for sale$750,000

For Sale by Agent

AgentJason Miller
BrokerageKing + Miller Real Estate

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