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532/534 Reef Road

Waldoboro, ME 04572

5 beds
3 baths
2,802 sqft
~80 acre lot
$428 per sqft
2023 build
– on site

The term 'once in a lifetime opportunity' gets thrown around a lot and is, arguably, overused. However, this 80-acre forested compound with 2 newly built year-round houses and over 2000 feet of frontage on the pristine Medomak River most definitely warrants use of the term. One of the truly remarkable things about Maine is the ability to be 'out of the way' without being completely isolated. 534 and 532 Reef Road in Waldoboro is exactly that kind of place. You would be hard pressed to find another set up like this - it just doesn't happen. Located within walking distance to each other while maintaining privacy, 532 Reef Road is a newly constructed (2023) 2 bedroom, 1 bath house with a heated 3-bay garage, whole house generator and two heat-sources (pellet stove and heat pumps) and 534 Reed Road is a 3 bedroom, 2 bathroom house completed in 2018 with a whole house generator and two heat sources (propane FHA and heat pumps. For details on the houses, please visit MLS # 1584304 and MLS #158305. This is a unique and uncommon opportunity; Unspoiled with endless trails, mature forest. This is truly a sanctuary like no other. All the good things are here - unobstructed views of the night sky like you have never experienced; quiet walks, wildlife, room to roam; land to plant and tend, waterways to fish in and navigate, peace and quiet. High speed internet is available via Starlink (reliable and affordable). The Town of Waldoboro has given initial indication that this parcel may subdivided which presents even more opportunity for those who may like to develop this beautiful parcel. Property is less than 10 minutes to Waldoboro, 25 minutes to Rockland/Thomaston, 20 minutes to Damariscotta and 30 minutes to Augusta!

Listing courtesy of MREIS / City + Harbor Real Estate

Last checked: Checking… • Last updated Apr 17, 2024 •

MLS# 1584306 —

The Building

Year Built:

2023
Construction Materials:

Vinyl Siding, Clapboard, Modular, Wood Frame
Roof:

Shingle
Basement:

Walk-Out Access, Crawl Space, Full, Interior Entry
Direction Faces:

None
Window Features:

None
Building Features:

None
Patio And Porch Features:

Deck, Porch
Building Area Total:

2802.0
Building Area Source:

Other
Green Energy Efficient:

Tankless Water Heater, Programmable Thermostat, Energy Star Appliances, Double Pane Windows, Dehumidifier

Interior

Rooms Total:

11
Kitchen:

true
Fireplace:

true
Fireplace Features:

None

Room Dimensions

Living Area:

None

Financial & Terms

Land Lease:

false

Location

Directions:

None

The Property

Lot Features:

Level, Wooded, Near Shopping, Near Town, Rural
Lot Size:

3,484,800 Sqft
Lot Size Area:

80.0
Lot Size Acres:

80.0
Lot Size Units:

Acres
Lot Size Source:

Survey
Lot Size Dimensions:

None
Zoning:

Shoreland/Rural
Property Attached:

No
View:

Trees/Woods
Current Use:

None
Possible Use:

None
Topography:

None
Waterfront:

true
Road Surface Type:

Gravel, Paved
Road Frontage Type:

Private
Waterfront Features:

River
Other Equipment:

None

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

$6,349

Beds

Bedrooms Total:

5

Baths

Full Baths:

3
Three Quarter Baths:

None
Partial Baths:

None
Quarter Baths:

None

The Listing

Virtual Tour URL Branded:

None
Virtual Tour URL Unbranded:

https://my.matterport.com/show/?m=q1C2hCNUVvi&mls=1
Buyer's Brokerage Compensation:

2.0000

Heating & Cooling

Heating:

Stove, Radiant, Hot Water, Heat Pump, Forced Air, Direct Vent Furnace, Blowers
Heating:

true
Cooling:

true
Cooling:

Heat Pump

Utilities

Electric:

Circuit Breakers
Sewer:

Private Sewer, Septic Design Available, Septic Existing on Site
Water Source:

Private, Well

Appliances

Appliances:

Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher

Schools

Elementary School:

None
Middle Or Junior School:

None
High School:

None
High School District:

RSU 40/MSAD 40

The Community

Spa Features:

None
Pool Private:

No
Water Body Name:

Medomak River
Association Amenities:

None
Association Fee Includes:

None
Association:

false

Parking

Garage:

true
Attached Garage:

true
Garage Spaces:

3.0
Carport Spaces:

None
Parking Features:

5 - 10 Spaces, Gravel, Common, Garage Door Opener, Inside Entrance, Heated Garage

Extra Units

Other Structures:

Shed(s)

Monthly cost estimate

Asking price

$1,200,000

Expense	Monthly cost
Mortgage	$6,425
Taxes	$529
Insurance	$330
Utilities	$256 See report
Total	$7,540/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
3/16/24 Mar 16, 2024	Listed / Active	MREIS	$1,200,000

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This house located in Waldoboro, ME 04572 is currently for sale for $1,200,000. 532/534 Reef Road is a 2,802 square foot house with 5 beds and 3 baths that has been on Estately for 44 days. This house is in the attendance area of Medomak Valley High School.

Listing Provided Courtesy of City + Harbor Real Estate

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. This website does not display complete Listings. Certain Listings of other real estate brokerage firms have been excluded.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.