Live Directly Across The Street From Maine’s Famed OOB For $200K
For many people, living on (or, very near) the beach is the ultimate housing goal. The idea that you could step out of your door and onto a sandy beach is just magical.
Even before the pandemic migrations caused the Maine housing market to go all bibbledy, the thought of owning a home on the ocean was completely unattainable for most of us.
Well, we've managed to find a home (not a house) that is about a 30 second walk from the beach.
According to a listing on Realtor, there is a unit available at 78 East Grand Ave in Old Orchard Beach.
Located inside the old Biarritz Motel, there are a total of 22 condo units. Unit 8, the one in the listing, is a studio style apartment with a separate bedroom. It encompasses a total of 265 square feet and has a small kitchen nook, space for a kitchen table, bathroom, and small bedroom.
Take a look:
Yes, it is TINY! But, you are paying for the location. You are just about 300 feet from Old Orchard Beach! And, you are less than half a mile from The Pier, Palace Playland, and everything else that part of town has to offer.
And, if it was a second home, you could always rent it out on a nightly or weekly basis. Given what rentals in OOB cost, you could probably cover the cost of the mortgage for the year after renting it out for half the summer.
As of January 2023, the list price was $219,000. Assuming you put the needed amount down, your monthly payment would be just under $1,400 per month. And, it appears that the price includes condo fees and all utilities. You'd want to ask the realtor for clarification on that.
Get more details about the property HERE