Why no-one wants to buy stunning Maine home on 100 acres that's listed for very reasonable price
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A million-dollar Maine home set in 100 acres of pristine land is proving impossible to sell, but it is not the price that is the problem. 

With its stunning views, modern amenities and competitive $1.4 million price tag, has been no shortage of interest in the Phillips property.

But the ample land that makes the listing a relative bargain is exactly what is preventing buyers from following through with an offer.

While 100 acres may seem like a dream to some, the upkeep of such vast property is a massive undertaking that many aren’t prepared for, according to the home’s listing agent Eric Kinney. 

‘It’s a lot for some people to think about,’ Kinney told the Bangor Daily News. ‘At that price point, you might want to take care of those fields.’

The current owners of the 4-bedroom, 3-bathroom residence have lived in the unique home for more than three decades.

But now the retirement-aged couple are selling up, as they no longer want to deal with the property’s demanding maintenance.

Kinney says the property’s large acreage has set it apart as a rare opportunity for homebuyers, but he believes it is also the reason the property has sat on the market for more than 200 days since its listing in September.

The real estate agent added that ‘decent’ homes are in short supply in Phillips, where the 118 Tory Hill Road property is the only home for sale.

Despite its stunning views, modern amenities and reasonable price of $1.4 million, the sprawling Phillips, Maine property is scaring off potential buyers, many of whom are daunted by the sheer size of the land

Despite its stunning views, modern amenities and reasonable price of $1.4 million, the sprawling Phillips, Maine property is scaring off potential buyers, many of whom are daunted by the sheer size of the land

The current owners of the 4-bedroom, 3-bathroom home have lived there for three decades

The current owners of the 4-bedroom, 3-bathroom home have lived there for three decades

Eric Kinney, a real estate agent with Sandy River Realty in Farmington, believes the property is a unique opportunity

Eric Kinney, a real estate agent with Sandy River Realty in Farmington, believes the property is a unique opportunity

Kinney said he’s had one prospective buyer who expressed interest in maintaining the fields and restoring the property back to its farming roots, but that most are just looking for a low-maintenance full-time residence.  

Some have even shown interest in splitting the enormous parcel up to sell off land, according to Kinney, who has worked in the area as a builder for the last 45 years.

The listing is one 32 100 acre plus properties for sale in Maine as of Friday.

‘Such a large parcel of land is a much rarer find today than it was just a few years ago,’ Kinney said.

‘There’s fewer and fewer. There’s not many places left with this acreage, views and privacy,’ he added.

Many larger properties were sold to people from out of state during the COVID-era real estate boom, the experienced agent said, adding that during the pandemic’s outset, people wanted to get away and buy their own private space –  and Maine had plenty of properties that fit that bill.

The expansive farmhouse boasts more than 2,500 square-feet of living space with immaculate views of the western Maine mountains and tasteful updates made by the current owners. 

Built in 1850, the one-of-a-kind home features antique quirks and irreplicable charm, including two wood-burning stoves.

The expansive farmhouse boasts more than 2,500 square-feet of living space

The expansive farmhouse boasts more than 2,500 square-feet of living space 

The 118 Tory Hill Road property has sat on the market for more than 200 days since its listing in September

The 118 Tory Hill Road property has sat on the market for more than 200 days since its listing in September

The listing is one of 32 properties for sale in Maine as of Friday that sit on 100 acres or more

The listing is one of 32 properties for sale in Maine as of Friday that sit on 100 acres or more

The home's most recent owners have also installed a new furnace, alarms, electrical systems and insulation, as per the listing

The home’s most recent owners have also installed a new furnace, alarms, electrical systems and insulation, as per the listing

The home’s most recent owners have also installed a new furnace, alarms, electrical systems and insulation.

The tucked-away retreat also has a firepit, root cellar, barn, shed and a three-car attached garage. 

‘It’s just a unique property, with the views and everything that goes with it,’ Kinney said. ‘It’s just serene up there.’

Despite garnering interest both locally and out-of-state, the property remains on the market. 

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