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500 Atlantic Avenue #2, Wells, ME, 04090

5beds
3baths
2,155sqft
$1,129,000
$524price/sqft
$6,802/moest. monthly cost
$272,080/yrincome needed

About This Home

Extraordinary opportunity to start enjoying the best of both worlds at Wells Beach! Spacious five bedroom home with direct water frontage on Wells Harbor on one side and Wells Beach on the other. This very desirable property offers either ocean, harbor or jetty views from nearly every room. Perfect set up for friends and family with two first floor bedrooms, living room, large kitchen/dining area and a half bath with laundry. The second floors offers a primary bedroom suite with bath and a terrific deck overlooking the water - an ideal spot to enjoy some peace and quiet and take in the ever-changing views. There are also two additional bedrooms on the second floor along with a full bath and a separate shower as well. The dedicated office space also on the second floor is very convenient and can also accommodate a small twin bed if needed. The third floor offers an enormous sleeping loft with skylights and a large walk-in closet. Great outdoor space and plenty of parking. A sandy harbor beach awaits you just behind the property with direct access to the water to drop in your kayak or stand-up paddleboard. Sit on your back patio and enjoy the music flowing from the Summer Concert Series at the gazebo at Wells Harbor Park or enjoy lunch outside at the water's edge. If you decide to leave this private sanctuary on the harbor with recreation and relaxation at your fingertips - the beach access is just across the street. Walk to a few local eateries right at Wells Beach and Mile Road. Take an easy car ride to other casual and fine dining, galleries, shopping, summer theater, golf and other recreation. Only minutes in each direction from the popular seaside villages of York, Ogunquit, Kennebunk & Kennebunkport. The appealing working waterfront cities of Portsmouth and Portland are 25 and 35 miles respectively. Properties like this do not come on the market often so don't miss out on your chance to start enjoying a new chapter of your life with a water view in Maine!

Getting Around

11
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

8/10
Wells Junior High SchoolGrades 5-81.1 mi
8/10
Wells High SchoolGrades 9-121.4 mi
9/10
Wells Elementary SchoolGrades K-41.7 mi

Construction

Condition

  • Year built: 2002

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Other,Wood Frame,Vinyl Siding

Type & Style

  • Home type: Condo
  • Architectural style: Colonial
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Dirt Floor,Crawl Space

Bedroom1

  • Level: First

Bedroom2

  • Level: First

Bedroom4

  • Level: Second

Bedroom5

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • 1st Floor Bedroom,Bathtub,Shower
  • Flooring: Carpet,Tile,Wood
  • Finished area below ground: 0
  • Finished area above ground: 2,155

Heating & Cooling

  • Heating features: Baseboard,Hot Water
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 2,155
  • Total interior livable area: 2,155 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Loft

  • Level: Third

Primary Bedroom

  • Level: Second

Property

Details

  • Parcel number: WLLSM132L232
  • Zoning: RB

Features

  • Patio & porch: Deck,Patio,Porch
  • Has view: Yes
  • View description: Scenic
  • On waterfront: Yes
  • Waterbody name: Webhannet River
  • Frontage length: Waterfrontage: 66,Waterfrontage Shared: 66

Lot

  • Lot size: 4,356 sqft
  • Features: Near Country Club,Near Golf Course,Near Public Beach,Near Turnpike/Interstate,Near Town,Near Railroad,Level,Open Lot

Parking

  • Parking features: Gravel,1 - 4 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

  • Coastal Flooding
    Coastal FloodingVery High
  • Ice Storm
    Ice StormRelatively High
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Ice Storm
Hurricane
Inland Flooding
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 $5,708$68,496
Home Insurance $242$2,904
Property Taxes $539$6,468
Electricity $313$3,759
Total$6,802$81,624

Income You'd Need if You Spent...

35% on housing$233,211/yr
40% on housing$204,060/yr
45% on housing$181,386/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: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$524This listing

vs Other Active Listings

Avg $/sqft

ZIP 04090$302
York County$379

vs Homes Sold Last Month

Median $/sqft

ZIP 04090$351
York County$295

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
2026-04-16Listed for sale$1,129,000
2026-04-16Listing removed$1,195,000
2025-05-02Listed for sale$1,195,000
2025-04-22Contingent$1,195,000
2025-04-05Listed for sale$1,195,000
2024-09-11Listing removed$1,375,000
2024-07-16Listed for sale$1,375,000
2000-08-21Sold$165,000

For Sale by Agent

AgentPeter LaRochelle
BrokerageBetter Homes & Gardens Real Estate/The Masiello Group

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