$10,000

closing credit¹

8 Railroad Ave Kennebunk, ME 04043

$1,450,000
2 full
1,554 sqft
0.1 acres
House

Property details

About 8 Railroad Ave

Are you in search of a rare investment opportunity in Kennebunk? Look no further than 8 Railroad, an exquisite cottage compound featuring TWO three-bedroom units just steps from the white sands of Kennebunk's Mother's Beach and a short trip to the charming downtown. Currently generating substantial annual cash flow as short-term rentals, these cottages offer the flexibility to be rented out or occupied separately. Both cottages are meticulously curated with fine furniture, lighting, cabinetry, counters, appliances, and artwork. The attention to detail is reminiscent of yacht design, with everything thoughtfully placed, creating a subtle, high-end nautical ambiance. The front cottage, 'Fairview,' opens into a lovely living space that connects to an eat-in kitchen with open shelving. A discreet hallway houses a full-size washer and dryer, leading to a barn door that opens to the bathroom. The side bedroom features a queen-size bed, the second bedroom is equipped with bunk beds, and the primary bedroom offers a king-size bed, all with premium mattresses and a soothing blue and white color scheme. Around the side, you'll find the entrance to 'Seabreeze,' which boasts a private yard and deck space. The entryway leads directly into a kitchen with an eat-in dining table. To the left, a gorgeous living room continues the nautical theme. The hallway reveals a room with a twin trundle bed, ideal for young guests, and a stackable washer and dryer. The spacious bathroom includes a glass door shower, offering more space than typical cottages. The second bedroom has a queen-size bed, while the primary bedroom features a king-size bed and space for a reading chair. The backyard is perfect for outdoor enjoyment, with a picnic table and an array of Adirondack chairs scattered across the property for soaking in the glorious summer days. This property is highly popular as a rental, boasting numerous returning guests and glowing online reviews. Financials available upon request.

Highlights

Home typeOther
HeatingHeat Pump, Baseboard
StatusActive
CoolingHeat Pump
Size1,554 sqft
BasementYes
Lot size0.11 Acres
Year built1955
Parking1 - 4 Spaces, Gravel, Off Street, On Street
MLS #1598842

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Summary

  • MLS Number: 1598842
  • MLS Name: Maine Listings
  • Office Name: Keller Williams Realty
  • Office Phone: (207) 650-6176

IDXDisclaimer: 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. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:51:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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birds eye view of property with a water view and a beach view

$1,450,000

8 Railroad Ave

$10,000

closing credit¹

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Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2020$562,700$7,962
2018$422,000$7,385
2017$422,000$6,984

History based on county public records data.

Nearby schools

7

Sea Road School

Public District 3-5

2.6 mi

29 Sea Rd

5

Wells Elementary School

Public District KG-4

5.0 mi

276 Sanford Rd

4

Biddeford Intermediate School

Public District 4-5

9.0 mi

335 Hill St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $86,080. The most common annual income of people living in Kennebunk, ME is between $35k-100k. Residents typically live in married, no kids family. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

8%
<35k
55%
35k-100k
26%
100k-200k
11%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

36%
Single, No Kids
4%
Single, with Kids
49%
Married, No Kids
11%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

6%
<11 yrs old
6%
12-17 yrs old
8%
18-34 yrs old
42%
35-64 yrs old
38%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Skiing/snowboardingSkiing/snowboarding
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Stein MartStein Mart
  • BJs Wholesale ClubBJs Wholesale Club
  • KmartKmart

Where do the neighbors go to eat?

  • Bob EvansBob Evans
  • PaneraPanera
  • Cracker BarrelCracker Barrel

What do the neighbors drive?

  • LincolnLincoln
  • InfinitiInfiniti
  • LexusLexus

What do the neighbors listen to?

  • News/Talk/InformationNews/Talk/Information
  • Adult HitsAdult Hits
  • OldiesOldies
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Kennebunk, ME

About 8 Railroad Ave

This home is located at 8 Railroad Ave in Kennebunk, ME and zip code 04043. This 1,554 square foot home, which was built in 1955, sits on a 0.11 acre lot. Features: 2 bathrooms. It is currently priced at $1,450,000.

From Rocket Homes Real Estate and based on county public records data.

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