Lincoln Maine

Lakes Near Lincoln Maine

The Lakes of Lincoln, Maine

 

Caribou Pond

Caribou Pond

 

When searching for Maine lakefront land for sale you should investigate the possibilities in Lincoln, Maine. The town is known around the world as a producer of the world's finest quality napkin stock. What you may not know is the town is home to more than a dozen lakes and ponds. Lincoln's lakes are very diverse with some located in the downtown and busy areas of towns and others with little development remotely located in its timber landscape. Some of the ponds are great places to paddle a canoe or kayak while others are perfect for power boating, skiing swimming. The fishing ranges from trout and salmon to large and smallmouth bass. The lakes here are often connected in chains or by small to large streams. A trip to Main Street in Lincoln will offer a view of Mattanawcook Lake from the town maintained public gazebo. The lake has a quality boat ramp and is a popular place to boat in the larger basin of the lake. The upper,more shallow section of Mattanawcook is terrific loon habitat with several pair of loons nesting here every year. Lakes that feed into Mattanawcook are Crooked, Folsom and Upper Ponds. These three ponds are much more remote and have little development around the shores. East of town you will find the three lake chain of Caribou, Long and Egg Ponds. These are set at the base of Rollins Mountain and are heralded as top quality bass water. Boating is good with access from one lake to the next. A boat launch is located on Long Pond just off Sweet Road. North of downtown you will find a couple of small but quality ponds like Comballassee and Snag/Stump Pond. Both of these ponds are excellent fishing and paddling places which offer the small boat enthusiast a quiet place to be.

 

Mattanawcook Lake

Mattanawcook Lake

 

The trout and salmon ponds of Lincoln are located to the southeast with Cold Stream Pond (CSP) being the premiere lake with over about 3,000 acres of surface. CSP has depths in excess of 100 feet with crystal clear water perfect for all watersports. The large lake is fed by the three trout ponds. The remote and undeveloped Little Round Pond and the two Upper Cold Stream Ponds (known locally as the Big and Little Narrows). These two smaller lakes are well developed with cabins, camps and year round homes. If you are just starting your search for waterfront property for sale in Maine, come see what the Lincoln Lakes have to offer. You will find that land prices are affordable by lakefront property standards and the town has much to offer once you are off the water.

 

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Maine Subdivision Rules - Should You Develop Your land?

Maine Subdivision Rules - Should You Develop Your land?

In Maine, there is a difference between a division of land and a subdivision of land. In most municipalities dividing your property into two separate lots requires little or no permitting. However, dividing a property into 3 separate lots within a 5-year period does require approval in most cases, and is the definition of “subdivision” in our state.

Increased Property Value

Why would you want to do a subdivision? Most property investors look at the subdivision process as a way to increase the per acre value of their property. At first the thought of a smaller lot being worth more does not make sense, but consider that by reducing the size of the acreage you bring the gross selling price lower and within the purchasing power of more people. More people competing for a property usually translates to more demand and a higher price.

Higher prices may or may not translate into more profits. Before jumping headfirst into a subdivision some research and planning should be undertaken. Market conditions should be the first consideration. Data such as recent comparable lot sales, how many sales have occurred, lot sizes of successful sales, what is the current supply of lots, absorption rates, and financing availability to name a few. Next what will be the costs of surveying, wetland delineation, engineering, road construction, soil testing and other requirements of permitting? After thorough analysis and due diligence a property owner can decide if the risk is worth the reward to subdivide.

Requirements

Every organized town in Maine may have a slightly different subdivision ordinance. The unorganized territories in Maine have a uniform ordinance with little variation in requirements. Typically, a local planning board will review a proposed subdivision to see if it conforms with the ordinance. The process will consist of several meetings starting with a presentation of a preliminary sketch of the proposal. This is followed up with notifications to the public and nearby property owners of the proposed subdivision and the date of the public meeting to review it.

This next hearing consists of a more formal presentation of a preliminary survey plan of the layout of the proposed lots, roads, easements, slopes, soils etc. Public comment is permitted and heard by the board. After this meeting any changes required by the board need to be addressed and another hearing with a final plan will be scheduled. Assuming no other issues are outstanding, the board will sign the final plan that will be recorded in the county registry of deeds.

Exceptions

There are a number of exceptions to the rule to sell property without the process of subdivision. Gifts to relatives (see definition in statute) may be exempt if the donor has owned the property for at least 5 years and the consideration is less than ½ the current assessed value. Sales to abutting property owners may be exempt from subdivision rules. In unorganized territories, 3 lots can be created in a 5-year period as long as the 3rd lot is retained for forest management purposes. This is often referred to as the ‘2 in 5 Rule.’ There are other exceptions listed in the statute linked above.

Summary

This post is intended to encourage a thoughtful process in land investing and should not be viewed as an endorsement to subdivide your property. In many cases I would advise clients not to.  The above descriptions are a simplification of the process, not a complete outline of all potential requirements of every planning board. You are well advised to consult with experienced professionals like real estate attorneys, surveyors, soil scientist, and land brokers before undertaking the subdivision process.