




47 Stafford Circle, Newcastle, ME, 04553
About This Home
Wake up to sparkling sunrises over Damariscotta Lake and fall asleep to the peaceful sounds of the water. This inviting lakefront cottage offers 100 feet of private waterfront and a setting designed for making lifelong memories. The home's wall of windows captures breathtaking lake views from the main living area, creating a bright and inviting space where the water is always in sight. Step outside and you're only moments from your own shoreline--perfect for morning coffee on the deck, afternoon swims, or launching your boat for a day on the lake. Inside, the cottage features one bedroom with the potential to create a second bedroom, providing flexibility for family and guests. Above the detached garage, additional unfinished space offers excellent potential for bunk rooms, guest quarters, a studio, or a home office. Damariscotta Lake is known for its clean water and outstanding recreation. Spend your summers boating, fishing, kayaking, paddleboarding, swimming, or simply relaxing by the water's edge. Gather around an evening campfire, watch the loons glide across the lake, and enjoy the beauty of every season from this exceptional waterfront property. Whether you're looking for a year-round home, a seasonal escape, or an investment opportunity, this property offers the rare combination of privacy, expansion potential, and an unbeatable waterfront location. Best of all, you're just minutes from Damariscotta , where you'll find charming shops, restaurants, marinas, and all the conveniences of Midcoast Maine.
Getting Around
Schools
Construction
Condition
- Year built: 1980
Materials
- Foundation: Other
- Roof: Shingle
- Construction materials: Wood Frame,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow,Camp,Cottage
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Electric Range,Washer
Basement
- Has basement: Yes
- Basement: Exterior Entry,Crawl Space
Bedroom1
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: First
Features
- 1st Floor Bedroom,Attic,Bathtub,Pantry
- Flooring: Carpet,Vinyl
- Finished area below ground: 0
- Finished area above ground: 1,200
Heating & Cooling
- Heating features: Baseboard,Direct Vent Heater,Wood Stove
- Cooling features: None
Interior Area
- Total structure area: 1,200
- Total interior livable area: 1,200 sqft
Kitchen
- Level: First
Living Room
- Level: First
Property
Details
- Parcel number: NEWCM018L008
- Zoning: Shoreland
Features
- On waterfront: Yes
- Waterbody name: Damariscotta
- Frontage length: Waterfrontage: 100,Waterfrontage Owned: 100
Lot
- Lot size: 0.40 Acres
- Features: Rural,Level,Open Lot,Right of Way
Parking
- Total spaces: 2
- Parking features: Gravel,1 - 4 Spaces,Detached,Storage
- 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
- Lightning
- Coastal Flooding
- Hurricane
- 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 | $3,286 | $39,432 |
| Home Insurance | $271 | $3,252 |
| Property Taxes | $881 | $10,572 |
| Electricity | $244 | $2,930 |
| Total | $4,682 | $56,184 |
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 |
|---|---|---|
| 2026-08-02 | Price change | $650,000 |
| 2026-06-28 | Listed for sale | $675,000 |
For Sale by Agent
