#1612230, Listing office: Better Homes & Gardens Real Estate/The Masiello Group
Property details
About 511 Ocean Ave
For the first time since 1940, 'Althea'—one of the original Moody Beach cottages—is available for sale, and it's ready to write its next chapter. This rare coastal treasure offers 2,784 square feet of flexible living, including 5 bedrooms, 3 full baths, and an oversized deck perfect for gathering, lounging, or stargazing. Nestled just steps from the private beach access reserved for waterfront residents, this home blends the warmth of a close-knit beach community with the serenity of your own coastal escape. Set up as a versatile two-unit property, you have endless options: live in one side and rent the other, welcome extended family with comfort and privacy, or maximize rental potential in a highly sought-after location. With ample parking and modern upgrades woven into its original charm, this property is as functional as it is nostalgic. Whether you're envisioning a cherished family legacy, an income-generating investment, or a peaceful year-round retreat, Althea delivers the best of classic Maine living—timeless, inviting, and full of possibility. Own a slice of Moody Beach history and make it your own coastal legacy. Private showings now available—don't let this landmark property slip away.
Highlights
Home typeSingle Family Residence
HeatingOther, Forced Air
StatusActive
CoolingWindow Unit(s), Other
Size2,784 sqft
Lot size0.18 Acres
Year built1930
Parking5 - 10 Spaces, Paved
MLS #1627236
ViewScenic
Summary
- Full Bathrooms: 3
- Appliances: Washer, Refrigerator, Gas Range, Dryer, Dishwasher
- Basement: No
- Flooring Type: Vinyl, Tile
- Interior: 1st Floor Bedroom
- Total Bedroom Count: 5
- Attached Garage: No
- Parking: 5 - 10 Spaces, Paved
- View: Scenic
- Exterior: Deck, Deck/Glassed-In, Porch
- Architectural Style: A-Frame
- Heating: Other, Forced Air
- Cooling: Window Unit(s), Other
- List Price: $1,900,000
- Annual Tax Amount: $17,758
- Tax Year: 2023
- Lot: Level, Near Golf Course, Neighborhood
- Year Built: 1930
- Living Area: 2,784 SqFt
- Lot Size: 0.18 Acres
- MLS Number: 1627236
- MLS Name: Maine Listings
- Office Name: Berkshire Hathaway HomeServices Verani Realty
- Office Phone: (603) 431-8977
- Office Email: margherita.verani@verani.com
Disclaimer: Based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings. Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright © 2025 Maine Real Estate Information System, Inc. All Rights Reserved. 
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/13/2025, 1:40:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $2,979,480 | $17,758 |
| 2021 | $1,599,600 | $16,828 |
| 2020 | $1,590,880 | $16,672 |
| 2019 | $1,590,880 | $16,577 |
| 2018 | $1,585,570 | $16,363 |
History based on county public records data.
Nearby schools
6
Wells Elementary School
Public District KG-4
2.7 mi
•276 Sanford Rd
9
Sea Road School
Public District 3-5
6.9 mi
•29 Sea Rd
5
North Berwick Elementary School
Public District KG-4
8.5 mi
•25 Varney Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $55,263. The majority of Wells, ME residents have income between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
23%
<35k
49%
35k-100k
22%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
50%
Single, No Kids
4%
Single, with Kids
38%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
5%
12-17 yrs old
9%
18-34 yrs old
38%
35-64 yrs old
42%
65+ yrs old
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Dollar General
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Applebees
What do the neighbors drive?
Cadillac
Subaru
Oldsmobile
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Wells, ME
Transportation in Wells is facilitated by a network of roads that connect the town to major highways, making it accessible for private vehicle travel. Public transportation options include a seasonal trolley service that serves popular destinations within the town and neighboring areas. The town also features areas that are pedestrian-friendly, particularly around the beachfront and town center, encouraging walking and biking. While ride-sharing services are available, their usage tends to increase during the tourist season.
Residents of Wells have access to a range of essential services, including public education with several schools serving different grade levels, healthcare facilities that provide a spectrum of medical services, and a public library system that supports lifelong learning. The town's retail and dining scenes offer a taste of local cuisine and culture, with an emphasis on seafood and regional specialties. Efforts to enhance services, such as expanding healthcare access and educational resources, reflect the town's commitment to meeting the evolving needs of its population.
Wells prides itself on its serene coastal atmosphere and strong sense of community. The town is celebrated for its beautiful beaches, nature preserves, and historical landmarks, offering residents and visitors alike a tranquil yet engaging environment. Annual events such as the Wells Harborfest and the Autumn Harvest Festival showcase the town's cultural vitality and community spirit.
The housing landscape in Wells is characterized by a mix of single-family homes, condominiums, and seasonal properties that reflect the town's coastal charm. Architectural styles range from classic New England cottages to contemporary beachfront estates, with a notable presence of Cape Cod and Colonial designs. The area has seen a steady growth in residential development, particularly in the form of vacation homes and rentals catering to the town's seasonal influx of tourists.
About 511 Ocean Ave
The listing price of 511 Ocean Ave property is $1,900,000.
The property 511 Ocean Ave is a house located in Wells, Maine, 04090.
Active Listing: 511 Ocean Ave is Active, which means the seller is accepting offers.
The nearby schools for 511 Ocean Ave are: Wells Elementary School (GreatSchools Rating 6/10), Sea Road School (GreatSchools Rating 9/10), North Berwick Elementary School (GreatSchools Rating 5/10), Wells Junior High School (GreatSchools Rating 7/10), Middle School of the Kennebunks (GreatSchools Rating 10/10), York Middle School (GreatSchools Rating 7/10), Wells High School (GreatSchools Rating 8/10), Kennebunk High School (GreatSchools Rating 7/10), York High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $17,758 (source: MLS/based on county public records data).
The property at 511 Ocean Ave has 5 bedrooms and 3 bathrooms.
The property 511 Ocean Ave is 2,784 SqFt (source: MLS/tax record).
The year of construction for 511 Ocean Ave is 1930.
This home is located at 511 Ocean Ave in Wells, ME and zip code 04090. This 2,784 square foot home, which was built in 1930, sits on a 0.18 acre lot. Features: 5 bedrooms, 3 bathrooms. It is currently priced at $1,900,000.
From Rocket Homes Real Estate and based on county public records data.