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Two first-time developers are planning a nine-lot single-family subdivision at 96 Harris Road in Cumberland.
Jessie Pinkham Demers of Cumberland and Bernard Willimann of Yarmouth bought the 21 acres last year for $1.875 million, with plans to subdivide the property.
Julie DeSimon Rosenthal of Portside Real Estate Group and Demers, who is with Spectrum Real Estate, brokered the transaction.
Demers of Cumberland and Bernard Willimann subsequently expanded the portfolio with the acquisition of an additional 8.2 acres off Priscilla Way for $385,000 from a neighboring owner, bringing the total area for the subdivision to 30 acres.
The Cumberland Planning Board approved a nine-lot subdivision, named Coastal Pines, in December, according to a news release.
Each wooded lot covers 1.22 acres and is adjacent to 14 acres of open space that abuts each lot and has streams and trails.
The location is marketed as being near Casco Bay, a coastal conservation area called Broad Cove Reserve, schools, country clubs, golf courses, recreational fields, I-295, I-95, Route 1 and Route 88.
Demers is a licensed real estate broker at Spectrum Real Estate with over 20 years of real estate experience, according to her bio.
She specializes in selling multi-family buildings, identifying investment properties, residential leasing and sales. A Maine native, she grew up on Cousin’s Island in Yarmouth and now lives in Cumberland Foreside. A University of Maine at Orono graduate with a new media degree, she moved west and began her real estate career in Denver. After five years, she moved back east where she helped manage a Class A commercial office tower at 33 Arch St. in Boston’s financial district. She returned to Maine in 2012.
Willimann, a Yarmouth resident, is the founder of Go Nest LLC, a property management company in Portland and has 25 years of property management experience, with a portfolio of over 175 properties.
The Cumberland project came about when Demers came across the property at 96 Harris Road while working with a buyer looking to do a subdivision, she told Mainebiz.
“The project didn’t work out for him and when the contract fell apart, I knew the value was there,” she said.
She contacted Willimann, one of her investor clients with whom she’s worked for over 10 years on the purchase of dozens of multifamily units.
“This is the first development for both of us,” she said. “We had both separately been wanting to get involved with one. We knew the sales potential for this location since inventory was very limited in the area.”
The partners engaged Trillium Engineering in Yarmouth and started the due diligence and planning board process. They broke ground about a year after their application for Coastal Pines was approved by the Cumberland Planning Board.
Skowhegan Savings financed the project. Storey Brothers, of Cumberland, is doing the excavation work and it’s expected the road will completed this month. The project includes a gas line extension by Summit Natural Gas.
The builder is Eric Hallee, who owns custom home building and renovation firm Eco-Pro Construction in the Cumberland County town of Harrison.
Demers has listed build packages and individual lots. The build packages range from $1.5 million to $2.6 million. Lots for sale as-is range from $415,000 to $445,000.
One lot is under contract.
The potential buyer pool includes growing families looking to expand their lot size to those looking to downsize slightly for first-floor living, said Demers.
“I have a lot of agents circling,” she said.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
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