A historic inn mostly built before Maine was a state is for sale in Kennebunkport for $2.6 million.
The sweeping 10-bedroom, 13-bathroom property is just a half-mile from Kennebunkport’s downtown. Its owner, Julianna Acheson, said she’s open to selling it to anyone, whether they want to maintain its function as a bed-and-breakfast or transform it into a residence.
“It’s a well-loved home and it would be perfect for anyone who wants residential in Kennebunkport or a B&B in a very sought-after tourist destination,” Acheson said.
The inn was constructed in 1802 in Waterboro. It was transported to this site on Locke Street in 1840. Some details, including the barn and dining room, were added then, but the innkeeper said most of the property is original to the turn of the 19th century. It has been operated as an inn since the 1990s.
Despite its age, the inn is in great condition. Acheson and her husband recently made extensive renovations to the property, replacing its old generator, roof and carpet among other upgrades. That’s brought the value of the property up, and is driving its $2.6 million price, which Acheson recently reduced by $600,000 to help it sell.
That price point may sound lofty, but it’s fair game in Kennebunkport, a tight market where smaller properties go for well over that sum. Acheson added that this is one of the only active inns for sale in Maine right now, making it a rare buying opportunity in one of the state’s hottest real estate markets.
“This is one of the best towns, one of the best locations, and the best owner’s quarters bar none anywhere in the state,” the innkeeper said.
Those owner’s quarters — which include 4 bedrooms, 3.5 bathrooms and a 2-person jacuzzi — are a huge selling point for Acheson. Other attractive features include 15 parking spaces, its antique English influences, its well-manicured garden and its proximity to the beaches, dining and shopping that Kennebunkport offers while still being on a quiet residential street.
The inn was listed for sale in the fall. So far, callers on the property have looked at it for commercial purposes, but one interested prospective buyer toured it last week intending on using it as a residence, Acheson said.
The property would make a great family estate, she said. With town approval, it could be divided up into condominium units or make a lucrative short-term rental. Kennebunkport is one of a few Maine towns that has taken action in recent years to cap its number of short-term rentals.
Most of all, Acheson wants to see the inn go to someone who will love it as much as she has. Acheson is a former anthropology professor at the University of Maine at Farmington, but her first love was hospitality. Her grandparents owned the Acheson Hotels in southern Maine, and they inspired her as a child to join the business.
“If it doesn’t sell, we’re going to keep it and keep loving it,” Acheson said. “It’s just magical.”
