Maine Land for Sale in Lake View Plt

On North Shore RDLake View Plt, ME 04463MLS Number 1337021

  • Price: $2,000,000
  • Est. Mortgage of $/month
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Federal 30-year interest rate: 4.53% last updated on Jul 12, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 2857Acreage
  • YesWaterfront
  • 36000Road Frontage
  • 12800Water Frontage

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Schoodic Lake Forest is a 2,857 +/- acre timber tract with about 2 miles of frontage on Schoodic Lake. The acreage is a hardwood heavy timber tract with a centrally located hill site offering incredible view potential. A good choice for a 1031 exchange property.

 Two road systems access the land. One unencumbered logging road running south to north through the western side of the parcel. The other road on the property is a shared right of way with camp owners along the western shore of the lake. This road runs south to north along the eastern boundary.

Sales to abutting camp owners have been a historic source of revenue for exceptional ROI, some with per acre prices more than 10 times the current asking price of the property. These sale opportunities are likely to continue into the future as camp and home owners wish to enlarge their holdings. One year to year lease used for a stump and wood debris site provides yearly income.

The timber on the property is growing well. The most recent timber inventory was completed in September of 2013 with an estimated 27,000 +/- cords. With nearly 5 years of growth since then and no harvesting having been done, estimates of over 30,000 cords are likely.

Fronting the undeveloped northern basin of Schoodic Lake for thousands of feet, this location would make a great family or corporate retreat. The lake has a surface area of over 7,000 acres and depths recorded to 188 feet. Schoodic is known for exceptional water quality and a large rainbow smelt population that sustains a prolific trout and salmon fishery.

At nearly 10 miles in length, the lake is a boaters’ freshwater paradise underutilized much of the year. There are great views from the lake of Mount Katahdin and a lot of undeveloped forest along its eastern shore.

As a timber investment the property has great potential for future gains with an added bonus of outdoor recreation possibilities that are all inclusive. Trail riding the local ATV/Snowmobile trails directly from the property is exceptional. Fishing and boating on the lake are some of the best in Maine. All of Maine’s big and small game are here. Hike and bike the trails within the property.

Other nearby recreational attractions include Sebec Lake, Pleasant, Piscataquis and Sebec Rivers, Katahdin Iron Works, Gulf Hagas, Baxter State Park, Peaks Kenny State Park, thousands of acres of public reserve land, The Appalachian Trail and too many mountain peaks and other lakes and ponds to list here.

Lakeview Plantation may be one of the happiest locations in Maine. The people you meet are enjoying the recreational activities mentioned above which will put a smile on the face of the sullenest human. Maybe it is because they have all this sport at hand while enjoying one of the lowest property tax rates in Maine.

This being a recreational destination has created a place of few permanent residents with 43 being the last census count. If you choose to live here you will see few people Monday – Friday as most owners are weekenders and vacationers.

Listed by Phil McPhail of United Country Lifestyle Properties of Maine

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More Info

Location Information

  • StreetOn North Shore RD

Property

  • WaterfrontYes
  • Road Frontage36000
  • Water Frontage12800
  • Acreage2857
  • Water ViewNo

Water Body

  • Water Body TypeLake
  • Water Body NameSchoodic

Photos

  • Number of Photos23

Basic Information

  • List Price$2,000,000
  • Virtual TourClick Here
  • StatusACT
  • AddressOn North Shore RD
  • Broker NameUnited Country Lifestyle Properties of Maine
  • Modification Date02/05/2018
  • Broker ID1299
  • Agent ID000375
  • MLS Number1337021

Location

  • TownLake View Plt
  • StateME
  • CountyPiscataquis
  • DrivewayOther Driveway
  • Road Frontage DescriptionGravel/Dirt Road, Private
  • Zip04463

Utilities

  • Waste Water DisposalSeptic Needed On Site

Other

  • Parking SpacesOn Site
  • SeasonalNo
  • View Count916

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2018 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

The Land Brothers participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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