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5 Most Expensive Homes in Maine (with Pictures)

Wedding Cake House in Kennebunk Maine

Maine is a relatively expensive place to live. Its median home cost is well above the United States’ average. As such, plenty of rich people live in Maine or have winter homes there. Although some homes are quaint and suitable for the average buyer, others are insanely expensive.

Let’s take a look at the five most expensive homes that have been sold in Maine as of this year.

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The 5 Most Expensive Homes in Maine

1. Bar Harbor, Mount Desert Island – $19 Million

  • Year Sold: 2018
  • Square Footage: 5,000

The most expensive home sold in Maine is located in Bar Harbor, which is home to two other homes on our list. This property is the former home of philanthropist billionaire David Rockefeller. The home sold for $19 million, and the proceeds went to charity.

It is unknown who exactly purchased the property. The only thing we know is that Gina Platt, a spokesperson on behalf of the realtor company, said that the sale fulfilled different parts of Rockefeller’s will.

The home sits on 15 acres of forest and lawn. The home even includes half a mile of coastline as well as a granite swimming pool. The home has a total of seven bedrooms, resulting in a whopping square footage of 5,000 square feet.

2. Raymond – $8.5 Million

  • Year Sold: 2021
  • Square Footage: 10,000

In 2021, Maine saw an extreme frenzy in home buying, resulting in insanely high sales prices. One 10,000-square-foot home sold for $8.5 million. This home is located on Sebago Lake in Raymond. It is often referred to as its address, 64 Sunset Chimney Rd.

The asking price of this home was $9.97 million. It was only on the market for two months before it was sold at $8.5 million. This makes it the highest-paid home ever sold in Cumberland County.

Before the purchase of this home, the most expensive home purchased in Cumberland County was the next home we are going to look at on our list.

3. Cape Elizabeth – $7.15 Million

  • Year Sold: 2014
  • Square Footage: Unknown

Prior to the $8.5 million purchase of the Raymond home above, the most expensive home purchased in Cumberland County Maine was Cape Elizabeth. This home was purchased in November of 2014 for $7.15 million.

This home also set some records. In 2014, it was ranked the most expensive home purchased in Cumberland County. Between this home and the previous one, Cumberland County has been showing insane increases in home prices over the last few years. Cumberland County is now becoming a rival of Bar Harbor as a result.

4. Bar Harbor – $4.5 Million

  • Year Sold: 2020
  • Square Footage: 15,000

Bar Harbor is home to some of the most expensive homes in Maine. In addition to the most expensive home we’ve already covered, this Bar Harbor home was purchased for $4.95 million in 2020.

This home is unique because it is a Gilded Age summer cottage. It is complete with 19 beds, 15,000 square feet, nine and a half baths, and nine acres. As a true Gilded Age summer cottage, it was completed in 1910.

5. Bar Harbor, East of Eden – $4.1 Million

  • Year Sold: 2019
  • Square Footage: 15,000

Finally, the last home on our roundup is dubbed “East of Eden.” This home has long been viewed as one of the most spectacular properties in the United States. It is a neighbor to the Bar Harbor home mentioned above, and it is also a Gilded Age summer cottage.

The realty company originally listed the property at $15.5 million. They then dropped it to $12.5 million before it was finally sold at $4.1 million. Even though this home isn’t as expensive as some of the others on our roundup, it is one of the most breathtaking in terms of appearance.

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What Is the Average Price for a Home in Maine?

Now that we’ve learned about some of the most expensive homes in Maine, let’s take a second to learn about the average home price in Maine. It is estimated that the average home cost in Maine is $301,700. For reference, the average price for homes in America is $291,700.

What this tells us is that the cost of buying a home in Maine is more expensive than the nation’s average. Obviously, the insanely expensive homes listed above are ranked into this average, but so are the least expensive homes in the state.

How Do Maine’s Expensive Homes Compare to Other Expensive Homes?

How do Maine’s expensive homes compare to other expensive homes around the globe? Even though Maine’s expensive homes are far from what the average person’s budget allows, there are many other locations that cost way more than the homes in Maine.

Several homes cost well over $100 million around the globe. Some locations of these homes include New York, the Bahamas, California, France, Fiji, Texas, England, Israel, and Italy.

There are even two homes that are priced around $1 billion. The first is Buckingham Palace, where the queen of England lives. This home has not been sold, but it is estimated to be worth about $4 billion.

The official most expensive home in the world is Antilla, which is located in India. It was built for $1 billion and is home to India’s richest man.

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Once again, the most expensive home ever sold in Maine is in Bar Harbor. It sold in 2018 for $19 million. The great news about this property is that the proceeds of the sale go to charity, which is unique whenever you look at other expensive homes in the area and the world at large.

Although $19 million may sound like a lot to most people, it is nothing in comparison to some of the most expensive homes worldwide. With the most expensive home being worth $1 billion, Maine’s most expensive homes are definitely affordable in comparison.

Featured Image Credit: 12019, Pixabay


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