Historic Jorgensen Estate Being Offered for First Time in Over 50 Years This rare estate is home to 114 acres of spacious lawns, mature trees and perennial gardens, as well as one of the most historic homes in all of Maine. The “Old Mill House” was built between 1681 and 1685 by Jonathan Hammond on part of a land grant from the King of England to Fernando Gorges. Desirable Seaside Community Minutes to Beach, Highway, Transit & Retail Amenities Wells is a high demand year-round town with great schools and excellent access to popular lifestyle amenities, such as beaches, nature trails, shopping and dining. Located just off Interstate 95 and home to Amtrak Downeaster train service, Wells is just 30 minutes to Portland, ME and Portsmouth, NH, and 90 minutes to Boston. Residential Zoned Land By-Right Allowing for Rare Large-Scale Subdivision By-right this site would allow for development of over 100 new single-family homes, in addition to redevelopment of the antique shop parcel along US Route 1 (17,000 ADT). Through a Residential Cluster Development the site could qualify for a density bonus allowing for nearly 130 new homes in addition to redevelopment of the antique shop parcel. Spectacular Setting with Mature Grounds in Southern Wells The Jorgensen Estate has been family owed and operated for three generations. Comprised of three adjacent parcels (502 Post Road, 0 Post Road and 0 Wells Highlands), the entire site offers 114 acres of mature grounds within the Moody neighborhood of southern Wells. The site is home to R. Jorgensen Antiques, which has operated for over 50 years as one of New England’s largest collections of fine period antiques. With expansive frontage along US Route-1 there is a horseshoe driveway with two curb cuts (and a third curb cut to access the rear parcels). The antiques store consists of two outbuildings totaling 12,336 square feet of finished space and is situated in the General Business zoned portion of the site. The first building is on the National Register of Historic Places and is one of the oldest homes in Wells. Totaling 6,383 square feet it was originally built between 1681 and 1685, which has undergone a number of expansions and renovations over the years. The second building was later built in the 1980s, and totals 5,952 square feet in a two-story structure. By-Right Zoning Allows for New Subdivision & Redevelopment of Antique Shop Single-family residential is allowed by-right in each of the three zones (General Business, Rural, and Residential A). While density varies for each of the three zones, the entire 114 acre site would allow for approximately 102 single-family homes by-right in addition to redevelopment of the antique shop buildings on the front lot along US Route 1. With Planning Board approval, a developer could pursue a density bonus through a Residential Cluster Development which would allow for approximately 128 single-family homes in addition to redevelopment of the antique shop buildings, with a 35% open space requirement.