The Portland Peninsula condo market continues to flourish as we move into the second half of 2017. Currently there are 80 condo units for sale; a total of 132 units have already sold in 2017. Prices ranged from $179,000 to $1,600,000.
The new construction segment of the market (defined as units built 2016 or later) represents 36 of the 80 units on the market right now. Additionally, 27 such units are currently under contract. The Mason Block condominiums located at 62 India Street are 50% sold; sales launched approximately 3 months ago.
The urban condo lifestyle appeals to a broad swath of buyers, from young professionals to those looking to downsize out of the family home. Sandy Johnson & Gail Landry, Brokers at Town & Shore Associates, have represented five new condominium projects on Portland's Peninsula. They can personally attest to the ease and desirability of condo living. Both moved into downtown condos approximately 4 years ago, after downsizing out of larger homes - and have not looked back.
Most condo buyers seek walkability, elevator access, covered parking, outdoor/deck space, fireplace, and sophisticated appointments. As with single-family homes, buyers prefer open concept floor plans and upscale kitchens and bathrooms.
Below are a few listings we currently have for sale at Town & Shore Associates. If you have any condo questions, please feel free to call our office at 207-773-0262 and we would be happy to assist.
301 Chandlers Wharf, Portland, Maine
Property Description: Exceptional in every way! Expansive views of the harbor from an elegantly crafted one-level corner unit with wrap around windows and a spacious deck. Luxurious custom appointments throughout including mahogany floors and woodwork, bead board ceilings, built-ins, remote-controlled blinds and awnings. Steam shower, radiant heat in the bath floors, and so much more. Two car garage parking.
List Price: $795,000 | MLS 1310365
62 India Street, Unit 301, Portland
Property Description: Are you seeking style and sustainability? The Mason Block in the historic India Street neighborhood offers sophisticated design with a complementary palette of glass, wood and tile. Appointments include state of the art mechanical systems, expansive windows, gas fireplace, garage parking, and generous private deck. This particular unit is 1,385 square feet, has 2 bedrooms, 2 bathrooms and includes 1 covered parking space. Several floor plans available – Completion Spring 2018.
List Price: $650,000 | MLS 1316767
113 Newbury, Unit 105, Portland
Property Description: Handsome townhouse with 2BR, den and 2.5 baths. Nestled between Portland's bustling Old Port and the vibrant East End. Contemporary innovative design that includes sophisticated kitchen and baths, gas fpl, central air, private deck, covered on site parking, and additional storage. Steps to all that the City has to offer.
List Price: $595,000 | MLS 1316767
15 Middle Street, Unit 505
Property Description: Sometimes you can have it all! Located in Portland's hottest newest neighborhood. Peaceful top floor unit with dazzling city and harbor views. Elegant & light-filled with customization throughout. Two garage parking spots, private deck, 10 foot ceilings, Viking appliances, bookcases, plantation shutters, crown molding, surround sound, large storage unit. A gem in the heart of the city.
List Price: $715,000 | MLS 1318801
For more information on the Portland, Maine condo market, please call our office at 207-773-0262.
(Data Source: Based on information from the Maine Real Estate Information System, Inc (d/b/a Maine Listings, for the period of 01/01/2017 - 08/01/2017)