Updated Jul 8, 2025
Kennebunkport Home Sells For $12M With Bill Gaynor Of Sotheby's International Realty As The Broker
267 Ocean Avenue
$12,000,000
$2,400/SF
Building Size
5,000 SF
Asset Type
Single Family
Closing
Jan 17, 2025
About this deal
AI
A single-family home located at 267 Ocean Avenue in Kennebunkport, ME, has been sold for $12,000,000. This property spans 5,000 square feet and is priced at approximately $2,400 per square foot. The sale marks the highest price in York County history and the third highest in Maine over the past decade.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $12,000,000
- Sale Date: 01/17/2025
- Address: 267 Ocean Avenue
- Market: Kennebunkport, ME
- Square Footage: 5,000
- Price Per Square Foot: $2,400
- Broker: Bill Gaynor - Sotheby's International Realty
The transaction involved a Chicago-based buyer who has ties to Maine. The buyer signed the contract within 90 minutes of the property listing, acquiring the home that overlooks Walker’s Point.
Kennebunkport Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.4K per square foot on a published $12M for 5,000 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93