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  • $2,650,000

    193 New Bridge Road, Lebanon, ME 04027

    6beds
    4,500sqft
    : 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
    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
    70 days
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    473
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    20
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    Zillow last checked:

    Listing updated:

    Listed by:

    EXP Realty

    Source: Maine Listings,MLS#: 1654889MLS Logo

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      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

        DateEventPrice
        3/20/2026Listed for sale$2,650,000-11.7%$589/sqft
        Source: Maine Listings #1654889 Report a problem
        3/12/2026Listing removed$3,000,000$667/sqft
        Source: PrimeMLS #5059727 Report a problem
        9/4/2025Listed for sale$3,000,000$667/sqft
        Source: PrimeMLS #5059727 Report a problem

        Public tax history

        YearProperty taxesTax 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

          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

          Getting around

          6 / 100
          Car-Dependent
          19 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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