Set at the natural channel connecting Northeast Pond, Milton Depot Pond, and Town House Pond, New Bridge Marina is one of the most recognized waterfront operations on the Maine-New Hampshire line, and one of the rarest properties to come to market on the Milton Three Ponds system. Three distinct assets, one transaction: approximately 13 acres of waterfront land with 300+ feet of direct frontage; a six-bedroom, four-bath colonial with a granite kitchen, gas island cooktop, double wall ovens, 1933 brick fireplace, four-season sunroom, formal dining room, multiple living areas, rear entertaining deck, and a second-floor balcony looking directly over the marina and open water; a full-service marina business with 35+ slip rentals and an active waiting list. The Blue Canoe Café operates from its own purpose-built building -- fully equipped commercial kitchen, Gifford's Ice Cream, Atomic Coffee Roasters, and a canoe mounted on the roof peak that customers spot from the road. The marina runs a two-sided fuel dock, pontoon and fishing boat rentals, canoes, kayaks, and paddleboards with delivery to nearby lakes, mechanical repair, winterization, and dry storage. A brand-new steel service building with finished office and reception handles year-round operations. Picnic tables line the waterfront lawn. Slips are full every season. Milton Three Ponds spans over 1,200 acres and keeps a loyal, returning customer base coming back season after season.
For qualified buyers, the detailed financials under NDA tell a compelling story. This operation has delivered strong, consistently growing returns for multiple consecutive years and pencils cleanly to a meaningful cap rate at the asking price -- a real, serious day-one income opportunity whether you plan to live on-site, install a manager, or use the residence as a high-end seasonal rental alongside the operation. Easy drive to York, Kennebunk, Ogunquit, and New Hampshire's lakes region. Properties like this do not come back to marke
Active
$2,650,000
193 New Bridge Road, Lebanon, ME 04027
6beds
4,500sqft
Est.: Get pre-qualified
Single Family Residence
Built in 1973
13.1 Acres Lot
$2,623,400 Zestimate®
$589/sqft
$-- HOA
What's special
Gas island cooktopFour-season sunroomRear entertaining deckGranite kitchenSix-bedroom four-bath colonialFormal dining roomFully equipped commercial kitchen
- 70 days |
- 473 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
EXP Realty
Source: Maine Listings,MLS#: 1654889
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Bedroom 1
- Level: Second
Bedroom 2
- Level: Second
Bedroom 3
- Level: Second
Bedroom 4
- Level: Second
Bedroom 5
- Level: Second
Bedroom 6
- Level: First
Den
- Level: Basement
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Forced Air
Cooling
- Central Air
Features
- Flooring: Carpet, Wood
- Basement: Interior Entry,Daylight,Unfinished
- Number of fireplaces: 1
- Furnished: Yes
Interior area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
- Finished area above ground: 3,700
- Finished area below ground: 800
Property
Parking
- Total spaces: 4
- Parking features: Paved, 11 - 20 Spaces, On Site, Other, Off Street
- Garage spaces: 4
Features
- Has view: Yes
- View description: Scenic
- Body of water: NorthEast Pond at Milton Three Ponds
- Frontage length: Waterfrontage: 300,Waterfrontage Owned: 300
Lot
- Size: 13.1 Acres
- Features: Level, Rolling Slope, Landscaped, Wooded
Details
- Additional structures: Outbuilding
- Parcel number: LBNNMU17L001
- Zoning: RA
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Wood Frame, Clapboard
- Foundation: Poured Concrete
- Roof: Shingle
Condition
- Year built: 1973
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer
- Water: Private
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Lebanon
Financial & listing details
- Price per square foot: $589/sqft
- Tax assessed value: $1,420,015
- Annual tax amount: $13,845
- Date on market: 3/20/2026
- Road surface type: Paved
Estimated market value
$2,623,400
$2.49M - $2.75M
$4,588/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Listed for sale | $2,650,000-11.7%$589/sqft |
Source: | ||
| 3/12/2026 | Listing removed | $3,000,000$667/sqft |
Source: | ||
| 9/4/2025 | Listed for sale | $3,000,000$667/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $13,490 +3.3% | $1,420,015 |
| 2023 | $13,064 +31.1% | $1,420,015 +118.8% |
| 2022 | $9,963 +47% | $649,025 +44.6% |
| 2021 | $6,776 | $448,720 |
| 2020 | $6,776 -3.3% | $448,720 |
| 2019 | $7,009 -0.3% | $448,720 -2.7% |
| 2017 | $7,030 +0.3% | $461,296 +0.3% |
| 2016 | $7,010 +74.9% | $460,006 +74.9% |
| 2015 | $4,008 +2.3% | $263,000 |
| 2014 | $3,919 +2.8% | $263,000 |
| 2013 | $3,814 +6.8% | $263,000 |
| 2012 | $3,572 +9.2% | $263,000 +3.6% |
| 2011 | $3,270 +0.2% | $253,900 +1.1% |
| 2009 | $3,265 | $251,170 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 04027
Nearby schools
GreatSchools rating
- 9/10Hanson SchoolGrades: K-3Distance: 3.6 mi
- 3/10Noble Middle SchoolGrades: 6-7Distance: 12.3 mi
- 6/10Noble High SchoolGrades: 8-12Distance: 12.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- York County
- Lebanon
- 04027
- 193 New Bridge Road




