193 New Bridge Road, Lebanon, ME 04027
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
193 New Bridge Road,Lebanon, ME 04027
$2,650,000
- 6 Beds
- 4 Baths
- 4,500 sq. ft.
- Single family
- Active
Listed by: duncan smith
Office: exp realty
MLS#:1654889
Source:ME_MREIS
Price summary
- Price:$2,650,000
- Price per sq. ft.:$588.89
About this home
Set at the natural channel connecting Northeast Pond, Milton Depot Pond, and Town House Pond, New Bridge Marina is one of the most recognized waterfront operations on the Maine-New Hampshire line, and one of the rarest properties to come to market on the Milton Three Ponds system. Three distinct assets, one transaction: approximately 13 acres of waterfront land with 300+ feet of direct frontage; a six-bedroom, four-bath colonial with a granite kitchen, gas island cooktop, double wall ovens, 1933 brick fireplace, four-season sunroom, formal dining room, multiple living areas, rear entertaining deck, and a second-floor balcony looking directly over the marina and open water; a full-service marina business with 35+ slip rentals and an active waiting list. The Blue Canoe Café operates from its own purpose-built building -- fully equipped commercial kitchen, Gifford's Ice Cream, Atomic Coffee Roasters, and a canoe mounted on the roof peak that customers spot from the road. The marina runs a two-sided fuel dock, pontoon and fishing boat rentals, canoes, kayaks, and paddleboards with delivery to nearby lakes, mechanical repair, winterization, and dry storage. A brand-new steel service building with finished office and reception handles year-round operations. Picnic tables line the waterfront lawn. Slips are full every season. Milton Three Ponds spans over 1,200 acres and keeps a loyal, returning customer base coming back season after season.
For qualified buyers, the detailed financials under NDA tell a compelling story. This operation has delivered strong, consistently growing returns for multiple consecutive years and pencils cleanly to a meaningful cap rate at the asking price -- a real, serious day-one income opportunity whether you plan to live on-site, install a manager, or use the residence as a high-end seasonal rental alongside the operation. Easy drive to York, Kennebunk, Ogunquit, and New Hampshire's lakes region. Properties like this do not come back to market...
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Home facts
- Year built:1973
- Listing ID #:1654889
- Updated:March 28, 2026 at 02:56 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:2
- Half bathrooms:2
- Rooms Total:10
- Flooring:Carpet, Wood
- Basement Description:Daylight, Unfinished, Walk-Out Access
- Living area:4,500 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1973
- Building area:4,500 sq. ft.
- Lot area:13.1 Acres
- Lot Features:Level, Rolling/Sloping, Rural, Well Landscaped, Wooded
- Architectural Style:Colonial
- Construction Materials:Clapboard, Wood Frame
- Foundation Description:Concrete Perimeter, Slab
Utilities
- Water:Private
- Sewer:Private Sewer
Finances and disclosures
- Price:$2,650,000
- Price per sq. ft.:$588.89
- Tax amount:$13,845 (2025)
Parking
- Parking description:11 - 20 Spaces, Off street, On Site, Other, Paved
- Garage:Yes
- Garage spaces:4
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