According to a recent study by stacker.com, Kennebunkport is the most expensive town in Maine to buy a home with the average cost of a home being just over $1,000,000. We have all seen home prices sky rocket over the last few years, but even with that said, it’s pretty crazy to see that they stated homes are up almost 73% over the last five years.

What makes Kennebunkport the most desirable town in Maine to live in? Well first up is the obvious — the coastal landscape is breathtaking, not to mention the charming town itself that comes complete with historic buildings, local shops and a vibrant community.

The other factor that comes into play is that it’s conveniently located close to popular cities such as Portland, Portsmouth and Boston, allowing residents a short trip to any of these nearby locations.

As a realtor, I am into nerdy fun facts and thought it would be fun to find the least expensive home in the most expensive town that sold in 2023. As you will likely see, 129 Log Cabin Rd is what we like to refer to as “not move-in ready” and likely a tear down. Signs show from the exterior pictures that the home was not in good condition and when a listing doesn’t provide any interior shots, that’s an even bigger sign.

So who would pay $250,000 for this home that’s clearly been put through the ringer? Well, it’s pretty simple. The buyer of the property most likely paid for the land as the home itself appears to be worthless. They will likely be tearing the home down and building another one on the property.