A remarkable property at 267 Ocean Ave. in Kennebunkport, Maine, sold for $12 million just 90 minutes after listing, making it the most expensive home sale in York County's history. The five-bedroom estate offers stunning ocean views, private coastline, and a blend of modern design with historic charm. The buyer, a Chicago-based industrialist, secured the property without an in-person tour, reflecting fierce demand. This sale highlights the growing luxury real estate market in Maine, which remains undervalued compared to elite Northeast markets like Nantucket and the Hamptons.
"This buyer knew that if he didn't get it, someone else will," Gaynor told the Press Herald, which was the first to report on the sale.
At the end of the day, Maine is still significantly undervalued compared to places like Nantucket and the Hamptons.
The home’s rare combination of a high-elevation waterfront location, modern design and historic charm made it a standout.
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