Rare Investment Opportunity Near Sebago Lake - Multi-Unit Property with Huge Potential. Opportunity awaits. This unique property offers incredible potential for investors, contractors, or buyers looking to create value. Located just a short walk to association access on beautiful Sebago Lake, the property features multiple units and flexible living space with the possibility for rental income or multi-generational use.
While the property does require updates and improvements, the location and potential make it a rare opportunity in the Windham/Sebago Lake area. Enjoy the benefits of lake access while being conveniently located near local amenities, restaurants, and year-round recreation.
Whether you're looking for an investment project, seasonal retreat, or property with income potential, this is a chance to bring your vision to life in one of Southern Maine's most desirable lake regions.
Active under contract
Price cut: $50K (4/23)
$599,000
96 Mineral Spring Road, Windham, ME 04062
6beds
2,940sqft
Est.:
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$204/sqft
$21/mo HOA
What's special
Lake accessFlexible living space
- 74 days |
- 871 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
Krainin Real Estate
Source: Maine Listings,MLS#: 1653714
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air
Cooling
- None
Features
- Flooring: Carpet, Vinyl
- Basement: Interior Entry,Unfinished
Interior area
- Total structure area: 2,940
- Total interior livable area: 2,940 sqft
- Finished area above ground: 2,372
- Finished area below ground: 568
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Paved, 1 - 4 Spaces
- Garage spaces: 3
Features
- On waterfront: Yes
- Body of water: Sebago Lake
- Frontage length: Waterfrontage: 160,Waterfrontage Shared: 160
Lot
- Size: 1.56 Acres
- Features: Near Public Beach, Near Town, Neighborhood, Open Lot, Rolling Slope, Wooded
Details
- Parcel number: WINMM75B9
- Zoning: RL
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding, Wood Siding
- Foundation: Other
- Roof: Metal
Condition
- Year built: 1940
Utilities & green energy
- Electric: Circuit Breakers, Unknown
- Sewer: Private Sewer
- Water: Private
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $250 annually
Location
- Region: Windham
Financial & listing details
- Price per square foot: $204/sqft
- Tax assessed value: $683,400
- Annual tax amount: $8,361
- Date on market: 3/9/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$3,324/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Contingent | $599,000$204/sqft |
Source:  Maine Listings #1653714 Report a problem | ||
| 4/23/2026 | Price change | $599,000-7.7%$204/sqft |
Source: Maine Listings #1655807 Report a problem | ||
| 3/30/2026 | Price change | $649,000-7.2%$221/sqft |
Source: Maine Listings #1653714 Report a problem | ||
| 3/9/2026 | Listed for sale | $699,000$238/sqft |
Source: Maine Listings #1653714 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,839 +9% | $683,400 +6.4% |
| 2023 | $7,194 +13.5% | $642,300 +17.7% |
| 2022 | $6,338 +12.9% | $545,900 +45.9% |
| 2020 | $5,613 +2.5% | $374,200 |
| 2019 | $5,478 +6.3% | $374,200 +10.2% |
| 2018 | $5,154 -11% | $339,500 -3.7% |
| 2017 | $5,792 +4.7% | $352,500 |
| 2016 | $5,534 +3.6% | $352,500 |
| 2015 | $5,340 +3.3% | $352,500 |
| 2014 | $5,171 +1.5% | $352,500 |
| 2013 | $5,094 +4% | $352,500 |
| 2011 | $4,900 +12.1% | $352,500 -5.3% |
| 2009 | $4,373 +8.6% | $372,200 +5.4% |
| 2008 | $4,026 +131.4% | $353,200 +80.7% |
| 2005 | $1,740 | $195,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 04062
Nearby schools
GreatSchools rating
- 7/10Manchester SchoolGrades: 4-5Distance: 2.3 mi
- 4/10Windham Middle SchoolGrades: 6-8Distance: 5.4 mi
- 6/10Windham High SchoolGrades: 9-12Distance: 5.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Cumberland County
- Windham
- 04062
- 96 Mineral Spring Road
Nearby cities
Nearby zip codes
Other Windham Topics
