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Maine Real Estate Q&A Discussion Forum
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Updated over 4 years ago on . Most recent reply

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Sean Spellman
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Mount Desert Island, ME

Sean Spellman
Posted

My Wife and I are interested in exploring the potential rental market/Air BnB demand for MDI, ME.
The property that we currently have our eye's set on is in the town of West Tremont/Bernard and is hugging the Bass Harbor coast. The cottage is a 3 BDR, 1.5 bath and appears to be turn key. I know this is broad but just looking for all or any information at individual's disposal to help enlighten us about this area and the potential for renting. Thanks in advance for any potential help!

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Just to chime in - I own a 3BR/1BA rental on MDI (in Northeast Harbor) and the summer demand is absolutely gangbusters - even this year. Rentals are generally done by the week and often the take is $1,600-$1,800/wk. The demand dries up significantly after Columbus Day but there is lots of local demand for long-term winter rentals at a highly reduced rate. It's a great market - the hard part is finding a reasonably priced property!

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