Therefore property values continue to drop like a lead balloon....and the fallout is far from over.
Most properties are still way over valued....in Maine, as well as throughout the US.
And this property is no different.
However.......how many times can you find an island off the coast of Maine which is close to the main land or a larger island like Vinalhaven? Not often.
So....for $600,000 you can own an island off the coast of Vinalhaven.
Here's the deal.......................
Spectacular private island. Located in Penobscot Bay, one of the world's most scenic sailing venues, lies just 2/10 miles off the coast of Vinalhaven. Sweeping 360-degree views. Permits in place for a small vacation home and floating dock.
Tax Year: 2009
MLS ID: 969130
Map Number: 7/53