Bette Davis’s Former Maine Estate Under Contract, Could Set State Price Record

The former Cape Elizabeth, Maine, estate of Hollywood legend Bette Davis is under contract just two months after hitting the market with a $15 million price tag. If the sale closes near the asking price, it would likely set a new record for the highest residential real estate sale in Maine history, surpassing the $12 million paid for a Kennebunkport property earlier this year. The 8-acre coastal compound, featuring a modern main house and a guest cottage, attracted a buyer rapidly, underscoring the high demand for unique, historic luxury properties in Southern Maine.

What Makes the Bette Davis Estate a Notable Property?

The property’s significance stems from its unique combination of Hollywood history, premium location, and modern amenities. Originally purchased by Bette Davis and her husband, Gary Merrill, in the 1950s, the estate sits on 8 acres in the coveted Cape Elizabeth area, just south of Portland. The current 7,500-square-foot, farmhouse-style main residence was built in 2002, ensuring modern comforts while the land itself holds the historical appeal. The home boasts 1,200 feet of private coastline, a highly sought-after feature in the Maine real estate market. This blend of a storied past with contemporary luxury creates a one-of-a-kind offering.

What Are the Key Features of the Main House and Guest Cottage?

The main house was designed to maximize its dramatic coastal setting. Its L-shaped layout and curved walls of floor-to-ceiling windows in key rooms provide panoramic ocean views. Interior highlights include a cherry wood entryway, a spiral wooden staircase, and specialized spaces like a cherry wood-paneled library and a reading alcove. The property also includes a fully converted two-bedroom guest house with an octagonal cupola, offering space for visitors or potential rental income. Outdoor living is enhanced with multiple balconies, a covered porch, and a bluestone terrace.

How Does the Listing Price Compare to the Maine Luxury Market?

The $15 million listing price positions this property at the very top of the Maine market. According to reports, the current state record for a residential sale is $12 million, set in 2024 by a seaside mansion in Kennebunkport. The swift movement of the Davis estate to an under-contract status indicates that the market for ultra-luxury properties with unique attributes remains strong. Property records show the sellers, a Massachusetts-based family, purchased the estate in 2016 for $3.75 million, suggesting significant appreciation in value over an eight-year period.

Why is Cape Elizabeth a Sought-After Location?

Cape Elizabeth is a premier destination within the Portland metropolitan area, known for its natural beauty and proximity to urban amenities. The area is home to the iconic Portland Head Light, a historic lighthouse and park that attracts visitors year-round. Its location offers a tranquil coastal lifestyle while being only a 20-minute drive from downtown Portland, providing access to the city’s dining, cultural, and commercial centers. This balance of seclusion and convenience makes it a persistent draw for high-end buyers.

Based on our experience assessment, the rapid sale of a property at this price point highlights several key factors for luxury real estate: historical significance, unique architectural design, and an irreplaceable waterfront location are powerful drivers of value. While the final sale price has not been disclosed, the transaction demonstrates that premium properties in desirable Maine coastal communities continue to command top dollar.