Maine's coastal family compounds have a cultural legacy that goes back generations. The classic New England pattern - a main cottage, one or two guest cottages, a boathouse, and a dock on a private cove - has been repeated across the Penobscot Bay, Mount Desert Island, and Downeast coast for over a century.
Mid-Coast Maine (Rockland, Camden, Belfast, Castine) is the most active compound market. Camden in particular is celebrated as one of the most beautiful towns in New England, and properties within 5 miles of the harbor command significant premiums. The Penobscot Bay offers excellent sailing and lobstering - activities that anchor generations of compound traditions.
The Western Maine Lakes Region (Sebago Lake, Rangeley Lakes) offers inland alternatives at significantly lower prices than coastal - with waterfront compounds on pristine lakes that can rival any coastal setting for summer recreation.
Maine's income tax (5.8 -7.15%) is the highest on our recommended states list, but the lifestyle quality - particularly the summer experience - offsets this for many buyers. The state has also become increasingly year-round as remote work normalizes, expanding the viability of Maine compounds beyond seasonal use.