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48 Sand Cove Road
South Bristol, ME 04568
$1,500,000
Conventional
Property
Bedroom
3
Bathroom
1
Property Type
Conventional
Square ft
1200
Property Description
Set atop a granite bluff overlooking the entrance to Christmas Cove and the Damariscotta River this home has spectacular and expansive southerly views. It is located on a very private, peaceful and limited access road of long time residents and classic cottages of an earlier era. Many of the homes on Sand Cove Road have been passed down through several generations which makes this a rare offering. The wraparound deck is the perfect place to watch boats sailing by during the day and to follow ship's lights passing by as they navigate under starlit skies near the islands and ledges around the mouth of the Damariscotta River and Christmas Cove. On clear days you can see Heron, Fisherman's and Damariscove Island. There is a daylight basement with room enough to store all of your kayaks, lifejackets, fishing rods and bicycles. If you need more finished room for guests there is plenty of space for that too. The living room has great views through large windows as well as a large exposed brick fireplace to keep you warm on cool summer or fall nights. The open floor plan and deck is a great space for entertaining lots of guests. You can't build a home this close to the water anymore and because this home has never been expanded there is the possibility of a 30% expansion with town approval. There are few spots with views like this in locations like this that reach the market and fewer still that have the possibilities that come with this home.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1973
MLS Number
1584596
Location
Address
48 Sand Cove Road
City
South Bristol
State
ME
Zip Code
04568
County
LINCOLN
Listing
Provider
Legacy Properties Sotheby's International Realty, original listing
Name
Legacy Properties Sotheby's International Realty
Phone
(207) 780-8900
Office Name
Legacy Properties Sotheby's International Rea
Office Phone
(207) 780-8900
Agent Name
Thomas Field

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.