Airbnb City Guide: The Best Places To Invest in Ellsworth, Maine

Airbnb Rules and Regulations in Ellsworth, Maine

As of 2024, Ellsworth, Maine, has implemented comprehensive regulations governing short-term rentals, including those listed on Airbnb. Property owners must obtain a permit from the city before offering their homes for short-term stays, ensuring compliance with local zoning laws and building codes. The permit application process requires proof of liability insurance, a safety inspection, and the designation of a local contact person, who could be a co-host or property manager, available 24/7 to address any issues that may arise. Occupancy limits are determined by the property's size and the number of bedrooms, with a maximum of two guests per bedroom plus two additional guests.

Quiet hours are enforced between 10 pm and 7 am to minimize disturbance to neighboring residents. Owners must also collect and remit the applicable lodging taxes to the city on a quarterly basis. Failure to comply with these regulations may result in fines, permit revocation, and legal action. By adhering to these rules, Airbnb hosts in Ellsworth can provide safe and enjoyable experiences for their guests while contributing to the local economy and maintaining the character of their neighborhoods.

Ellsworth Airbnb Market Data:

• Average Revenue – $77.5K per year
• Average Daily Rate – $307.8 per night
• Average Occupancy Rate – 69%
• Average RevPAR – $216.2
• Average Home Prices – $342,473

1. Top Place to Invest in Ellsworth, Maine - Lamoine

Nestled just south of the bustling city of Ellsworth, Lamoine is a hidden gem that offers a perfect blend of small-town charm and natural beauty. This coastal community, with its stunning views of Frenchman Bay and close proximity to Acadia National Park, is an attractive destination for both residents and tourists alike.

Lamoine Airbnb Market Data:

• Average Revenue – $77.5K per year
• Average Daily Rate – $307.8 per night
• Average Occupancy Rate – 69%
• Average RevPAR – $216.2

Convenience - 6/10

While not as well-equipped as larger cities, Lamoine provides the essentials for a comfortable lifestyle. The town has a general store for basic necessities, but residents often travel to nearby Ellsworth for more extensive shopping and services. The lack of a post office in Lamoine may be an inconvenience for some, but the town's proximity to Ellsworth helps mitigate this issue.

Tourist Attractions - 8/10

One of Lamoine's greatest assets is its natural beauty. Lamoine State Park, with its oceanfront location and easy access to Acadia National Park, is a major draw for tourists. The Lamoine Beach area offers stunning views of Mount Desert Island and is a popular spot for picnics and beach activities. The town's rich history and nearby museums, such as the Stanwood Homestead Museum and Birdsacre Sanctuary, add to its appeal.

Things to Do - 7/10

Outdoor enthusiasts will find plenty to love in Lamoine. The town's natural surroundings provide ample recreation and fitness options, from hiking and biking trails to kayaking and fishing. However, those seeking a vibrant nightlife or extensive cultural events may need to look elsewhere, as Lamoine maintains a more laid-back, small-town atmosphere.

Average Home Prices - 7/10

According to Zillow, Lamoine's average home value is $394,292 as of 2024. This represents a 1.6% increase over the past year, indicating a strong and growing real estate market. While prices in Lamoine may be slightly higher than in some surrounding areas due to its coastal location and proximity to Acadia, the town still offers a more affordable option compared to the highly sought-after Bar Harbor.

Proximity to Work-Related Travel - 5/10

Lamoine's location may not be ideal for those who frequently travel for work. The nearest major hospital, Maine Coast Memorial Hospital, is located in Ellsworth, about a 20-minute drive away. The town lacks convention centers and sports venues, with the nearest options being in Bangor, approximately an hour's drive. However, Lamoine's peaceful setting may outweigh this drawback for those who work remotely or don't require frequent access to these facilities.

X-Factor - 9/10

What sets Lamoine apart is its unparalleled natural beauty and small-town charm. The town's stunning coastal views and close proximity to Acadia National Park make it an ideal location for those seeking a peaceful retreat or a base for exploring the great outdoors. Its tight-knit community and laid-back lifestyle are attractive to those looking to escape the hustle and bustle of city life.

2. Top Place to Invest in Ellsworth, Maine - Ellsworth Falls

Situated along the banks of the Union River, Ellsworth Falls is a charming neighborhood within the city of Ellsworth, offering a unique blend of urban convenience and natural beauty. It's one of the best locations to start an Airbnb rental business within the city of Ellsworth.

Ellsworth Falls Airbnb Market Data:

• Average Revenue – $77.5K per year
• Average Daily Rate – $307.8 per night
• Average Occupancy Rate – 69%
• Average RevPAR – $216.2

Convenience - 8/10

Ellsworth Falls boasts a prime location, just minutes away from the heart of downtown Ellsworth. Residents have easy access to a wide range of amenities, including grocery stores, restaurants, and shopping centers, opening plenty of opportunities for local partnerships within the area. The area's proximity to major transportation routes, such as Route 1 and Route 3, makes it a convenient hub for commuters and travelers alike.

Tourist Attractions - 6/10

While Ellsworth Falls itself may not be a major tourist destination, its location within the city of Ellsworth provides access to several nearby attractions. The Woodlawn Museum, Gardens, and Park, a historic estate with beautifully manicured grounds, is just a short drive away. Additionally, the area's proximity to Acadia National Park and the scenic coastal towns of Mount Desert Island make it an ideal base for exploring the region's natural wonders.

Things to Do - 7/10

Ellsworth Falls offers a variety of recreational opportunities for residents and visitors. The Union River, which runs through the neighborhood, provides ample opportunities for fishing, kayaking, and other water-based activities. The nearby Ellsworth Trail System offers miles of hiking and biking trails, perfect for outdoor enthusiasts. Additionally, the area's proximity to downtown Ellsworth ensures access to a variety of dining, shopping, and cultural events.

Average Home Prices - 7/10

According to Zillow, the average home value in Ellsworth Falls is $342,473 as of 2024. This represents a 9.9% increase over the past year, indicating a strong and growing real estate market. While prices in Ellsworth Falls may be slightly higher than some surrounding areas due to its desirable location, the neighborhood still offers a more affordable option compared to some of the more exclusive coastal communities in the region.

Proximity to Work-Related Travel - 8/10

Ellsworth Falls is conveniently located near several work-related destinations. The Maine Coast Memorial Hospital, a major healthcare facility, is just a short drive away, making the area attractive for medical professionals. Additionally, its proximity to Bangor International Airport and major highways makes it one of the best corporate rental locations in the Ellsworth market.

X-Factor - 8/10

What sets Ellsworth Falls apart is its unique blend of urban convenience and natural beauty. The neighborhood offers the best of both worlds – easy access to the amenities and services of a city while still maintaining a peaceful, riverside setting. The area's rich history, dating back to the early days of the lumber industry, adds to its charm and character, making it an attractive option for those seeking a sense of community and connection to the past.

3. Top Place to Invest in Ellsworth, Maine - Bar Harbor

Nestled on the picturesque shores of Mount Desert Island, Bar Harbor is a quintessential New England coastal town that captivates visitors with its breathtaking natural beauty and rich cultural heritage.

Bar Harbor Airbnb Market Data:

• Average Revenue – $77.5K per year
• Average Daily Rate – $307.8 per night
• Average Occupancy Rate – 69%
• Average RevPAR – $216.2

Convenience - 7/10

While Bar Harbor may not offer the same level of convenience as a larger city, it provides a comfortable and well-rounded experience for residents and visitors alike. The town boasts a vibrant downtown area with a variety of shops, restaurants, and essential services. However, residents may need to travel to nearby Ellsworth or Bangor for more extensive shopping and amenities.

Tourist Attractions - 10/10

Bar Harbor's biggest draw is its proximity to Acadia National Park, one of the most stunning and beloved national parks in the United States. The park's rugged coastline, pristine forests, and iconic landmarks like Cadillac Mountain and Thunder Hole attract millions of visitors each year. The town is also a charming destination, with its historic architecture, quaint shops, and vibrant cultural scene.

Things to Do - 9/10

Outdoor enthusiasts will find an abundance of activities in Bar Harbor and its surrounding areas. From hiking and biking trails to kayaking, sailing, and whale watching tours, there is no shortage of opportunities to explore the region's natural wonders. The town also hosts a variety of local cultural events, festivals, and art galleries, catering to diverse interests.

Average Home Prices - 9/10

According to Zillow, the average home value in Bar Harbor is $524,891 as of 2024. While this figure is significantly higher than the state average, it reflects the town's desirability and strong real estate market. Over the past year, home values in Bar Harbor have appreciated by a staggering 14.2%, indicating a robust and growing demand for properties in this sought-after location.

Proximity to Work-Related Travel - 6/10

Bar Harbor's remote location on Mount Desert Island can be a double-edged sword regarding work-related travel. While the town lacks major convention centers or sports venues, its proximity to Acadia National Park and its stunning natural surroundings make it an attractive destination for corporate retreats and team-building events. However, for those who frequently travel for business or require access to major airports, the nearest options are in Bangor or Portland, both over an hour's drive away.

X-Factor - 10/10

Its unparalleled natural beauty and rich cultural heritage truly sets Bar Harbor apart. The town's unique blend of stunning coastal landscapes, pristine wilderness, and charming New England charm create an unmatched ambiance that captivates visitors from around the world. Additionally, Bar Harbor's strong sense of community and commitment to preserving its historic character adds to its allure, making it a truly special destination.

4. Top Place to Invest in Ellsworth, Maine - Fletcher's Lodge

Tucked away in the heart of Ellsworth, Fletcher's Lodge is a hidden gem that offers a unique blend of rustic charm and modern amenities. This secluded retreat, surrounded by lush forests and pristine lakes, provides a peaceful escape from the hustle and bustle of everyday life.

Fletcher's Lodge Airbnb Market Data:

• Average Revenue – $77.5K per year
• Average Daily Rate – $307.8 per night
• Average Occupancy Rate – 69%
• Average RevPAR – $216.2

Convenience - 5/10

While Fletcher's Lodge offers a serene and tranquil setting, its remote location may not be ideal for those seeking the convenience of urban living. The nearest grocery store and gas station are approximately a 15-minute drive away, and residents may need to travel to nearby Ellsworth or Bangor for more extensive shopping and services.

Tourist Attractions - 7/10

Fletcher's Lodge's main draw is its stunning natural surroundings, which offer a variety of outdoor activities for visitors to enjoy. The nearby Branch Lake provides opportunities for fishing, swimming, and boating, while the surrounding forests are perfect for hiking, hunting, and wildlife viewing. However, the area lacks major tourist attractions and cultural events, which may limit its appeal to some visitors.

Things to Do - 6/10

For those who love the great outdoors, Fletcher's Lodge offers plenty of opportunities for adventure. In addition to the activities mentioned above, the area is also home to several golf courses, including the highly-rated Lucerne Golf Club. However, those seeking a more diverse range of entertainment options may find the area lacking, as there are few restaurants, shops, or cultural venues in the immediate vicinity.

Average Home Prices - 6/10

According to Zillow, the average home value in Fletcher's Lodge is $338,261 as of 2024. This represents a 9.1% increase over the past year, indicating a strong and growing real estate market. However, due to the limited number of properties available in the Fletcher's Lodge area, prices may vary significantly depending on the specific location and features of the property.

Proximity to Work-Related Travel - 4/10

Fletcher's Lodge's remote location may not be ideal for those who frequently travel for work. The nearest major hospital, Maine Coast Memorial Hospital, is located in Ellsworth, about a 30-minute drive away. The area lacks convention centers and sports venues, with the nearest option being Bangor, approximately an hour's drive away. However, Fletcher's Lodge's peaceful setting may be a selling point for those who work remotely or don't require frequent access to these facilities.

X-Factor - 8/10

What sets Fletcher's Lodge apart is its stunning natural beauty and sense of seclusion. The area's pristine lakes, lush forests, and abundant wildlife create an enchanting atmosphere perfect for those seeking a peaceful retreat. With its rustic charm and modern amenities, the Lodge itself offers a unique and comfortable base for exploring the surrounding wilderness.