luxury apartments with pool for sale Damariscotta, United States

Historic Bath property with income and redevelopment potential. This notable property on a prominent 1.8-acre corner lot presents an opportunity to reposition a landmark residence. Its substantial size and flexible layout provide a strong foundation for restoration, adaptive reuse, or redevelopment.Originally built in the early 1800s by Captain Samuel Davis, the property was later redesigned by architect Francis Fassett. Over the years, it has served as the Bath Military and Naval Orphanage, the Bath Children's Home, the Patten Free Library, and most recently, a private residence.The offering includes approximately 17,285+ square feet, featuring a main house of 12,000+/- square feet along with a connected wing that currently includes income-producing units. Subject to city approval, the main house layout is configured to easily add two more apartments. Protective covenants permit potential future development of up to 13 dwelling units within the existing structure with the option to add one additional dwelling unit on the property, bringing the total to 14. They also allow for bed and breakfast use of the property.Additional features include an in-ground swimming pool, elevator, ample off-street parking, and space to reimagine the grounds and gardens. With its rich history, impressive scale, and prime location, this property represents a rare opportunity for the right buyer in one of Maine's most desirable coastal communities.