Lakefront vs. Oceanfront Property in Maine: Which One is the Better Investment?

So, you’re thinking about buying waterfront property in Maine. Big decision. Do you go for the serene, tranquil vibes of a lakefront property or the dramatic, ever-changing beauty of oceanfront real estate? Both have their perks, but when it comes to investment, here’s what you need to know.

Lakefront Properties

Lakefront homes tend to be more affordable than oceanfront, and if you’re looking for a quieter, more private escape, they might be the way to go. The market for lakefront homes is strong, especially near popular lakes like Sebago and Rangeley, which offer year-round recreational activities, including skiing and snowshoeing at nearby resorts and trails. Plus, lakes tend to have more space for your buck, making it a solid long-term investment, especially if you’re buying a vacation home or a rental property. Lakefront properties have consistently seen, and continue to see, steady appreciation due to the demand for outdoor activities like boating and fishing.

Oceanfront Properties

On the flip side, oceanfront property is the dream for many, offering breathtaking views, access to the coast, and the chance to say, “Yeah, I live by the ocean.” However, this comes at a price. The premium for an oceanfront home is typically higher, and coastal properties are more vulnerable to erosion and storm damage. Just look back at the damaging storms we had in early 2024. As a realtor, I always tell my clients to consider these risks when making their decisions. 

If you're in it for the prestige and the possibility of a big payoff, oceanfront might be your best bet but ultimately, it comes down to your budget and what kind of vibe you’re going for.