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00 Pattagumpus RoadMedway, ME 04460Price: $129,000

  • Price: $129,000
  • Est. Mortgage of $/month
  • 192 Days on Market
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Federal 30-year interest rate: 7.03% last updated on Dec 7, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $129,000List Price
  • 9.8Acreage

Penobscot River Land for Sale

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Listed by United Country Lifestyle Properties of Maine (207-794-6164)

Penobscot River surveyed lot for sale in Medway, Maine. The 9.8 surveyed acre tract of Penobscot River land for sale has nearly 820 feet of frontage along the Penobscot River.  The property has a gravel access road from route 116 to the land that fronts on the Penobscot River.  The lot is heavily wooded with mature hemlock, pine, cedar and some very impressive oak trees.  The land is rolling and is elevated above the river.  Several large level areas would be ideal locations to build a riverfront cabin, home or perhaps a yurt site for a glamping location. The property would make a great private home site along the river or perhaps a set of rental cabins that could provide ongoing rental income from fisherman and vacationers visiting the Katahdin region.

The property lies on the southern shore of the Penobscot River, one mile below the confluence of the east and west branches of the Penobscot River.  This section of the Penobscot River lies above Weldon dam in Molunkus township, and below the Medway dam.  The impoundment formed between these two dams extends for nearly eight miles of largely placid water.  This is a great area for boating and fishing for small mouth bass.  Navigating downstream from the property you will come to Salmon Stream which flows into the Penobscot from the north and Pattagumpus Stream which joins the Penobscot from the south.  Both of these streams are great fisheries that are lightly fished.   Downstream from the Medway dam, you will find a pretty good flow of highly oxygenated water, and the fishing can be quite good here at times.

The town of Medway is a community of 1200 residents.  Located right off of I-95, Medway is conveniently located.  The nearby towns of East Millinocket and Millinocket have hardware stores, grocery stores and a critical access hospital.  You can find about everything you need right here in the Katahdin region.  Baxter State Park and the North Maine Woods are just up the road.  This is the gateway community to the 3 and ½ million-acre region of Maine called the North Maine Woods.

If you have been looking for river front land to build your dream home you will want to check out the 9.8-acre tract on the Penobscot River.  The property has year-round access, utility power available, is high and dry and offers a high degree of privacy.  You could land a float plane here on this section of river to shorten the travel time to your Penobscot River property from wherever you call home.  This is an exceptional parcel of land that you have an opportunity to own.  Call today!

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2023 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Lifestyle Properties of Maine participates in ©2023 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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