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47 Stafford Circle, Newcastle, ME, 04553

1beds
1baths
1,200sqft
$650,000
$542price/sqft
$4,682/moest. monthly cost
$187,280/yrincome needed

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

0
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

8/10

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
    Ice StormVery High
  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Hurricane
    HurricaneModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Ice Storm
Winter Weather
Lightning
Coastal Flooding
Hurricane
Tsunami

FEMA Declared Disasters Across Maine Counties

Flood
Hurricane
Severe 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 $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...

35% on housing$160,525/yr
40% on housing$140,460/yr
45% on housing$124,853/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: 11.5%
11.5%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: -3.7%
-3.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$542This listing

vs Other Active Listings

Avg $/sqft

ZIP 04553$301
Lincoln County$345

vs Homes Sold Last Month

Median $/sqft

ZIP 04553
Lincoln County$230

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
2026-08-02Price change$650,000
2026-06-28Listed for sale$675,000

For Sale by Agent

BrokerageBlack Duck Realty

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