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$1,225,000

Listing Price

4beds

2baths

1,107sqft

7,405sqft lot

475 Drakes Island Rd, Wells, ME 04090

Member Features

Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Single Family

Home type

1098.67

Price / sqft

1900

Year built

Home Details

Nestled in the heart of Drakes Island and 5 houses away from the beach, this delightful cottage blends timeless character with modern comfort. Originally built in 1900, the home has been thoughtfully and thoroughly renovated - featuring cedar shake siding, energy-efficient windows and a brand new roof. The updated kitchen shines with new appliances, countertops, fresh sink and faucet and beautifully refinished cabinets. The first floor bathroom has been tastefully remodeled with a tiled shower, new sink and toilet. A newly constructed outbuilding - connected to the main house by a roofed overhang - offers a second full bathroom and laundry area with washer and dryer, adding convenience and flexibility. Fresh paint throughout the interior, including floors, walls and ceilings, gives the home a crisp, welcoming feel. Upstairs, added insulation and shiplap walls create a cozy retreat, enhanced by ceiling fans and a Mitsubishi mini-split ductless system for efficient heating and cooling. Most furnishings will convey, making this a turnkey opportunity to enjoy right away. As a member of the Drakes Island Improvement, youll have access to tennis, pickleball and basketball courts, two playgrounds and a beloved childrens day camp offering a variety of summer activities. Drakes Island is situated between Kennebunkport and Ogunquit close to shopping, dining and local attractions.

Interior Details

Square Feet
  • 1107

Bedrooms
  • 4

Bathrooms
  • 2

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Forced Air With Air Conditioning

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Oil

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 7405

Water
  • No

Sewer
  • No

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • Conventional

Exterior
  • Aluminum/vinyl

Foundation
  • N/A

Roof
  • Gable

Roofing Material
  • Asphalt

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2019

$5,377

$416,480

$99,570

--%

$516,050

2018

$5,326

$416,480

$99,570

--%

$516,050

2017

$5,243

$416,480

$99,570

--%

$516,050

2016

$5,191

$416,480

$99,570

--%

$516,050

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Average Home Price in 04090

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$899,000

3 Beds

2 Baths

1,037 Sqft

6,970 Lot (sqft)

Sold 10/13/2026

$1,485,000

4 Beds

2 Baths

1,120 Sqft

10,019 Lot (sqft)

Sold 10/13/2026

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
1,225,000
$
Down payment
245,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
7,350
$
HOA (Monthly)
0
$
PMI
0
$
$7,930
Your Payment
Total Monthly Payment:$7,930
Percent of Income:136%
Affordable:No

Details for 475 DRAKES ISLAND RD

Property Debt

Foreclosure Contact Details