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Deb Rees
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193 New Bridge Road, Lebanon, ME 04027

$2,650,000
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Active
BEDS6 BATHS2 full 2 partial SQUARE FEET4,500 MLS#1654889
STATUSActive PROPERTY TYPEResidential - Single Family

Property Description

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 marke

193 New Bridge Road | MLS# 1654889

This single family home located at 193 New Bridge Road, Lebanon, ME 04027 is currently listed for sale with an asking price of $2,650,000. This property was built in 1973 and has 6 bedrooms and 2 full and 2 partial baths with 4500 sq. ft. Search Lebanon real estate on debrees.masiellogrouprealestate.com today.

Property Features

Property Type: Residential - Single Family
Basement: Interior Entry
Cooling: Central Air
Garage: 4
Heating: Forced Air
Home Style: Colonial
Lot Size: 13.10 Acres
Roof Type: Shingle
Taxes: $13,845
Year Built: 1973

Feature Descriptions

Electric: Circuit Breakers
Flooring: Carpet, Wood
Sewer: Private Sewer
Special View Info: Scenic
SQ FT Above Grade: 3700
SQ FT Below Grade: 800
Total Rooms: 10
Water: Private
Water Body Name: NorthEast Pond at Milton Three Ponds
Wooded: Yes

Room Sizes

Den: Level - Basement
Bedroom 1: Level - Second
Bedroom 2: Level - Second
Bedroom 3: Level - Second
Bedroom 4: Level - Second
Bedroom 5: Level - Second
Dining Room: Level - First
Bedroom 6: Level - First
Living Room: Level - First
Kitchen: Level - First

Listed By / Shown By

Listed By

Agency Name: EXP Realty
Agency Phone: 888-439-8743
Agent Name: Duncan Smith

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Estimated Payment

$ 7,824.42 per month $5,897.75 Principal & Interest $1,153.75 Property Tax $772.92 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/17/2026. The listing information on this page last changed on 04/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/17/2026 5:02:47 AM EST) or MLSPIN MLS (last updated Thu 04/16/2026 11:38:34 PM EST) or Prime MLS (last updated Thu 04/16/2026 11:33:24 PM EST) or MREIS (last updated Fri 04/17/2026 2:05:22 AM EST). Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate The Masiello Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.



Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

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