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Listed by F.O. Bailey Real Estate, Anne Ross-Murray. (207) 831-5238

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1 & 9 Franklin TerraceSouth Portland, ME 04106

Active Under Contract
$3,900,000
7
5
4,300 SqFt

An exceptional and increasingly rare offering in South Portland's coveted Willard Beach neighborhood -- now presenting potential for a 12+-unit condominium development (subject to approvals), or an extraordinary multi-generational family compound directly on the beach. Set on a premier waterfront site with sweeping views of Spring Point Ledge Lighthouse, Casco Bay, and the islands, this unique property includes two residences positioned to capture the beauty and energy of Maine's coastline from multiple perspectives. The larger home, recently remodeled, offers four to five bedrooms and expansive living spaces designed to maximize ocean views and natural light. Wake to sunrises over Casco Bay, watch working boats pass through the harbor, and experience true waterfront living from nearly every vantage point. The second residence enjoys its own distinct outlook across the ocean, creating flexibility for guest accommodations, rental income, or extended family living. If utilized as a private compound, there is also potential for an additional buildable lot located in front of the smaller residence, creating the rare opportunity for three separate living spaces -- the primary home, guest residence, and an additional homesite (subject to approvals).


FACTS & FEATURES

  • Property Type:
    Residential
  • Architectural Style:
    Bungalow
  • Bedrooms:
    7
  • Bathrooms:
    5
  • Dwelling Size:
    4,300 SqFt
  • Lot Size:
    0.55 Acres
  • Lot Description:
  • Stories:
  • Year Built:
    1990
  • Interior Features:
    In-Law Apartment, Walk-in Closets, 1st Floor Bedroom, Attic, Bathtub, One-Floor Living, Pantry, Shower, Storage, Primary Bedroom w/Bath
  • Exterior Features:
  • Parking:
    Attached Garage
    Garage or Parking Spaces: 2
    Features: Heated, Auto Door Opener, 1 - 4 Spaces, 5 - 10 Spaces, Other, Paved, On Site, Inside Entrance
  • Area:
  • Views:
    Scenic
  • Schools:
  • HOA:
  • Senior Community:
  • Heating:
    Wood Stove, Radiant, Hot Water, Heat Pump, Baseboard
  • Cooling:
    Wall/Window Unit(s), Heat Pump
  • Appliances:
    Tankless Water Heater, Washer, Refrigerator, Microwave, Gas Range, Electric Range, Dryer, Disposal, Dishwasher
  • Fireplace:
    Fireplace(s): 2
    Features:
  • Accessibility:
    Other Accessibilities
  • Security Features:
    Fire System, Security System
  • Foundation:
    Slab
  • Roof:
    Fiberglass, Shingle

REQUEST INFORMATION

Listing Office: F.O. Bailey Real Estate. Listing Agent: Anne Ross-Murray. Listing ID: 1624824

Last Updated April 30, 2026 12:04 PM
Data last checked against MREIS on June 1, 2026 3:37 AM

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

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