Price$2,000,000
Est. Mortgage: $/month
MLS Number 1337021
- Land
- Address On North Shore RD
- Acreage 2857
Schoodic Lake Forest is a 2,857 +/- acre timber tract with about 2 miles of frontage on Schoodic Lake. The acreage is a hardwood heavy timber tract with a centrally located hill site offering incredible view potential. A good choice for a 1031 exchange property.
Two road systems access the land. One unencumbered logging road running south to north through the western side of the parcel. The other road on the property is a shared right of way with camp owners along the western shore of the lake. This road runs south to north along the eastern boundary.
Sales to abutting camp owners have been a historic source of revenue for exceptional ROI, some with per acre prices more than 10 times the current asking price of the property. These sale opportunities are likely to continue into the future as camp and home owners wish to enlarge their holdings. One year to year lease used for a stump and wood debris site provides yearly income.
The timber on the property is growing well. The most recent timber inventory was completed in September of 2013 with an estimated 27,000 +/- cords. With nearly 5 years of growth since then and no harvesting having been done, estimates of over 30,000 cords are likely.
Fronting the undeveloped northern basin of Schoodic Lake for thousands of feet, this location would make a great family or corporate retreat. The lake has a surface area of over 7,000 acres and depths recorded to 188 feet. Schoodic is known for exceptional water quality and a large rainbow smelt population that sustains a prolific trout and salmon fishery.
At nearly 10 miles in length, the lake is a boaters’ freshwater paradise underutilized much of the year. There are great views from the lake of Mount Katahdin and a lot of undeveloped forest along its eastern shore.
As a timber investment the property has great potential for future gains with an added bonus of outdoor recreation possibilities that are all inclusive. Trail riding the local ATV/Snowmobile trails directly from the property is exceptional. Fishing and boating on the lake are some of the best in Maine. All of Maine’s big and small game are here. Hike and bike the trails within the property.
Other nearby recreational attractions include Sebec Lake, Pleasant, Piscataquis and Sebec Rivers, Katahdin Iron Works, Gulf Hagas, Baxter State Park, Peaks Kenny State Park, thousands of acres of public reserve land, The Appalachian Trail and too many mountain peaks and other lakes and ponds to list here.
Lakeview Plantation may be one of the happiest locations in Maine. The people you meet are enjoying the recreational activities mentioned above which will put a smile on the face of the sullenest human. Maybe it is because they have all this sport at hand while enjoying one of the lowest property tax rates in Maine.
This being a recreational destination has created a place of few permanent residents with 43 being the last census count. If you choose to live here you will see few people Monday – Friday as most owners are weekenders and vacationers.
Listed by Phil McPhail of United Country Lifestyle Properties of Maine
