Finance

Incredible Offer: $1.5 Million Maine Farm Up for Grabs—Are You Up for the Challenge?

2024-12-01

Author: Kai

Unique Opportunity in Maine

A unique opportunity has emerged in Maine's picturesque land, where a generous property owner is giving away his stunning 34-acre farm for free—but with some intriguing conditions.

Background on the Property

Mike Maher, the property's owner, purchased the land located on Harpswell Neck Road for a whopping $1.5 million in 2021, initially aiming to transform the site into a business school combined with an organic farm. However, after his original plans fell through, Maher decided to offer a 50 to 100-year lease at absolutely no cost, seeking someone capable of cultivating the land.

Vision for the Farm

“I firmly believe in the power of small organic farms,” Maher shared, expressing his vision of a diverse agricultural setting that would incorporate vegetables, livestock, and orchards. Notably, the farm is home to one of Maine’s oldest apple trees, adding a touch of historical significance to the property.

Current Situation of the Owner

Originally hailing from Cumberland County, Maher now resides in Colorado but enjoys spending his summers at the farmhouse, which he rents out on Airbnb during the winter months. He has ruled out selling the farmhouse, stating, “I’ll always keep the farmhouse.”

Details of the Offer

Aspiring farmers should note that the farmhouse and barn are not included in this deal, and the land currently lacks water and electricity. Interested individuals will be responsible for drilling a well and bringing electricity to the property, which some might find daunting.

Real Estate Considerations

Local real estate records appraise the land at approximately $1.36 million, but finding cultivable land in Cumberland County is increasingly difficult due to soaring prices and scarcity. Maher’s offering stands out, as there are no other available plots for lease or sale in the Harpswell area.

Community Interest

Since posting the offer on the Maine Farmland Trust's Facebook page, Maher has already received multiple inquiries. He emphasized, “I’m not looking to make money off this. I simply want to ensure that this farm continues to thrive for future generations.”

Historical Context and Farming Practices

In addition to its rich soil—recently tested—the land has a history that includes light past farming, with a few cows and vegetable gardens on the property decades ago. Maher encourages tenants to embrace regenerative organic farming practices to help restore and promote the land’s potential.

Final Thoughts on the Opportunity

With the rising cost of land in Maine, especially along the mid-coast region, Maher believes this offer represents a rare gem. As he stated, “It just proves commitment; it’s a challenging but unique opportunity.”

Call to Action

Are you ready to accept the challenge and cultivate your farming dreams in Maine? Don’t let this chance slip away!