Northeast state the super-rich are now flocking to because there's space to build

New Photo - Northeast state the super-rich are now flocking to because there's space to build

Northeast state the super-rich are now flocking to because there's space to build


Wealthy Americans have descended on Maine to buy waterfront real estate - in some cases building whole compounds on picturesque plots of land. The median sale price last year for single-family homes on lakes or ponds in the state was $415,000, a 72 percent increase from 2019, the Wall Street Journal reported. That jump has translated into more luxury homes being sold, as well. 'We've seen a ton more $2 million to $4 million sales [of Maine lake homes] over the last five years than most of us ever dreamed we would see,' said southern Maine real-estate agent John Scribner of LandVest.
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