Beat me by five minutes. Greenwichite sells his summer home for hefty sum . And for once, “hurry, this one won’t last” was more than a realtor cliche.

Listing here

This $12M oceanfront Maine home sold in 90 minutes

An oceanfront home in Kennebunkport set records Friday when it sold for $12 million.

Though some luxury properties around Maine are seeing price cuts due to cooling demand, luxury home values and prices have been steadily appreciating in the years since Maine’s real estate market spiked during the COVID-19 pandemic, [listing agent Bill Gaynor] said.

“This number sounds extraordinarily high,” he said. “It is on a comparative historical basis, but it makes some sense. And stay tuned, right? Wait five years, it’ll be worth more than that.”

The home’s prime location, its 275 feet of bold waterfront and high standard of design are the reasons behind that eye-popping price tag, Gaynor said. Built in 1969 on an acre, the property has been owned by the same person for over 40 years, he said. The homeowner lived year-round in Greenwich, Connecticut, and summered here.

Its new owner is an industrialist from Chicago who has been visiting Maine for years, Gaynor said. Only 90 minutes after the property was listed in December, the buyer called in and made an almost full-price offer. It sold at full price, the agent confirmed.