43.434842 -70.966114
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Listed by EXP Realty, Duncan Smith. (207) 289-9589

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193 New Bridge RoadLebanon, ME 04027

Active
$2,650,000
6
4
4,500 SqFt

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


FACTS & FEATURES

  • Property Type:
    Residential
  • Architectural Style:
    Colonial
  • Bedrooms:
    6
  • Bathrooms:
    4
  • Dwelling Size:
    4,500 SqFt
  • Lot Size:
    13.10 Acres
  • Lot Description:
  • Stories:
  • Year Built:
    1973
  • Interior Features:
  • Exterior Features:
  • Parking:

    Garage or Parking Spaces: 4
    Features: 11 - 20 Spaces, Paved, On Site, Other, Off Street
  • Area:
  • Views:
    Scenic
  • Schools:
  • HOA:
  • Senior Community:
  • Heating:
    Forced Air
  • Cooling:
    Central Air
  • Appliances:
  • Fireplace:
    Fireplace(s): 1
    Features:
  • Accessibility:
  • Security Features:
  • Foundation:
    Concrete Perimeter, Slab
  • Roof:
    Shingle

LOCATION


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Listing Office: EXP Realty. Listing Agent: Duncan Smith. Listing ID: 1654889

Last Updated March 20, 2026 6:35 PM
Data last checked against MREIS on June 1, 2026 3:37 AM

Listing data is derived in whole or in part from the Maine IDX and 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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