274 Shore Rd.Rangeley, ME 04970MLS Number 1468733

  • Price: $999,900
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Federal 30-year interest rate: 2.72% last updated on Nov 25, 2020
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • 0.63Acreage
  • 1993Year Built
Pristine waterfront property on Rangeley Lake that offers the perfect opportunity to be your own boss and 'live where you work'. Custom designed house is being sold by the original owners that use the property as a year-round primary residence. Main house with 3 bedrooms including a suite built in 1993 - major addition including a large foyer, 2 car garage, and another suite built in 2006 - and a 3-story boat garage including large workshop with storage loft and additional lakefront suite built in 2016. The property is immaculate and has been impeccably maintained - this log faced home offers a truly turn key business opportunity! Hardwood floors, stone fireplace, quartz countertops, and views from every window. A gradual slope to the lake. Multiple decks and outdoor sitting areas guarantee relaxation any time of day. Loaded with storage for your cars, boats, snowmobiles and gear. Ample amount of parking!For the past 7 years the owners have dovetailed their own use of three suites with short and long term vacation rentals. Given each suites design, furnishings, and desirable lakefront location, occupancy rates have averaged over 80%. Owners have complete use of the main cabin with each suite having it's own entrance. Assuming continued COVID-19 protocols, you can still operate your rentals given each suite has it's own entry, bedroom, sitting area, en suite bathroom, and kitchenette. Large waterfront allows people to socially distance lakeside. Enjoy this remarkable lakefront property that allows you to live and work at your own pace with supplemental income allowing you to also enjoy all that the Rangeley Lakes Region has to offer. Suites are listed on Airbnb (Superhosts) and VRBO (5-star reviews). Owners willing to transfer Airbnb and VRBO on-line listings as well as provide a list of repeat direct renters. Strong rental market for all four seasons. Financial information can be provided to serious inquires.
Listed by Keller Williams Realty

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Coldwell Banker American Heritage Real Estate
Coldwell Banker American Heritage Real Estate
Office: 207-942-6773
510 Broadway
Bangor, ME 04401

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More Info

Location Information

  • Building Number274
  • StreetShore Rd.

Building

  • BasementFinished, Full, Walkout Access
  • Year Built1993
  • Building ConstructionWood Frame
  • RoofShingle

Interior

  • FloorsCarpet, Tile, Wood

Property Information

  • Property UsesHotel/Motel
  • Zoning OverlayNo

Photos

  • Number of Photos70
  • Last Img Trans Date11/10/2020

Basic Information

  • List Price$999,900
  • MLS Number1468733
  • Address274 Shore Rd.
  • Broker NameKeller Williams Realty
  • Modification Date11/11/2020
  • Agent ID012848
  • Broker ID1898
  • MLS StatusActive

Exterior

  • ExteriorLog Siding

Amenities

  • UsmAmenitiesBasement, Fireplace, Lakefront

Other

  • Parking Spaces5 - 10 Spaces
  • View Count1

Location

  • StateME
  • TownRangeley
  • Zip04970
  • LocationRural, Ski Resort
  • CountyFranklin
  • Map29

Property

  • Acreage0.63
  • Sq Ft Finished Total5,284
  • Leased LandNo

Utilities

  • Heat SystemDirect Vent Heater, Hot Water, Multi-Zones
  • Heating FuelOil
  • Waste Water DisposalPrivate Sewer
  • WaterPrivate
  • CoolingNone
  • ElectricCircuit Breakers
  • GasBottled

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