The Bargain Neighborhoods, Southwest Harbor, ME, Estate of the Day

by Deidre Woollard (RSS feed)
Apr 28th 2008 at 1:02PM

NeighborhoodScout.com has used their matching function to find neighborhoods that are "discount equivalents" of some of the hot and pricey communities we recently covered in our Most Expensive Zip Codes estates.

The Neighborhood Scout chooses Southwest Harbor, Maine as a seaside equivalent to the pricier island of Nantucket. On Nantucket the median house value is $1.56 million but Southwest Harbor has a median house value of just $266,936. The two locations have much in common including a quaint New England charm and island beauty, you just trade in Nantucket for Mt. Desert Island. It's a little colder and doesn't have as much of a reputation as a summer getaway but it has some beautiful properties.

Today's home is actually on Greening's Island and has views of Mt. Desert Island. This shingle-style cottage was constructed in 1932 and sits on 9.75 acres of meadows and woods reaching all the way to the granite ledges. The property has western views of Southwest Harbor and Manset villages, and North to the views of Somes Sound and there is 1,544+/- feet of shore frontage. The property includes a shared dock and the "Captain's Cabin" a special retreat near the dock. It is listed at $2.65 million. A bargain compared to the shingled home we recently featured on Nantucket which is listed at $11.75 million.

Gallery: Southwest Harbor