Buying a Home in Bar Harbor

Buying a home in Bar Harbor can be an intimidating experience when going into it without the correct information. There are a lot of things to figure out before you even start looking at homes and plenty to consider before you buy. However, this guide should give you a solid foundation from which to begin.

Known for its stunning natural beauty and rich history, Bar Harbor is an obvious favorite for those who want a secluded getaway. Located on Mount Desert Island along with Acadia National Park, the views are characterized by the rugged coastline, lush forests, and towering mountains. Bar Harbor itself is filled with charming restaurants, boutiques, and art galleries, making it a popular destination.

Acadia National Park is a stunning destination that draws travelers from all over the world. Boasting lush forests, rocky coastlines, sparkling ponds, and majestic mountains, Acadia offers some of the most breathtaking scenery in the Northeast. Visitors can explore the park by biking, hiking, or driving the scenic old carriage roads. There are also plenty of opportunities for swimming, fishing, boating, and waterskiing.

The coastal views on Mount Desert Island are second to none. From the summit of Cadillac Mountain, the highest point on the East Coast, to the rugged coastline along the Ocean Path, visitors are treated to stunning views of the Atlantic Ocean. The pink granite cliffs of Sand Beach and Otter Point are awe-inspiring, while the Beehive Trail offers a thrilling experience for those brave enough to take it on. The views of the Porcupine Islands and Bar Harbor are particularly breathtaking.

Bar Harbor is an incredibly vibrant and interesting place to live. From the picturesque coastline to its lively downtown area, Bar Harbor offers something for everyone. The town is known for its beautiful scenery and outdoor activities, with plenty of hiking and biking trails, as well as kayaking and fishing spots. The town also boasts a variety of restaurants, cafes, and shops, as well as a bustling arts and culture scene. With its unique mix of natural beauty and modern amenities

While you may not expect as much variation in potential places to live as in larger cities and towns, where you choose to live when buying a home in Bar Harbor is still very important.

The west side neighborhood of Bar Harbor offers many advantages to those who choose to live there. Residents can enjoy a peaceful and quiet atmosphere, as well as easy access to some of the area's best hiking and biking trails. The nearby beaches are perfect for swimming, and the nearby Acadia National Park is a great place for outdoor activities.

Downtown Bar Harbor has many advantages as well. From the local grocery store to the harbor, everything is within walking distance. In addition, the downtown area is much quieter than other parts of town, making it a great place to relax and unwind. There are also many parks and trails to explore, as well as beautiful views of the harbor. The downtown area is also very walkable, so residents can easily access local shops and restaurants.

In addition to all of these benefits, living downtown in Bar Harbor provides great cultural and educational opportunities. There are a number of local museums, theaters, and galleries to explore, as well as numerous educational institutions. The downtown area is also home to some of the best restaurants and bars in the area.

Mount Desert Island is also home to a number of private estates and well-appointed homes outside of Bar Harbor itself. Not only is the island known for its stunning natural beauty, but the estates are often situated on large plots of land with breathtaking views of the ocean. Many of the estates come with a wide range of amenities, such as luxurious pools, tennis courts, and spas. These homes offer a level of privacy and security that can’t be found elsewhere.

In addition to picking a location to call home, you also need to consider some of the financial aspects of living in or around Bar Harbor.

With a median home price of under $450,000, Bar Harbor is one of the more affordable destinations. However, luxury homes in the area do not go for quite so reasonable sums. Though reduced from the original $25 million asking price, one Mount Desert Island home was reduced to $19.5 million toward the end of 2022.

When buying a luxury home, the closing costs can be quite expensive. These costs include title search and insurance, appraisal, home inspection, taxes, and attorney fees. They can add up quickly, so it is important to factor them into the budget when planning a luxury home purchase. Additionally, it is important to understand the process and the paperwork involved in the closing process. Knowing this information can help avoid costly delays or mistakes. Of course, a knowledgeable real estate agent can guide you through the process, making certain you do not miss a detail.

Another consideration when looking at a luxury home purchase is taxes. While Bar Harbor property tax rates have apparently fallen in recent years, it’s still something to keep an eye on and be mindful of.

The most important thing to consider when buying a home in Bar Harbor is your real estate agent. An experienced agent such as Steve Shelton will be able to navigate the local market and provide you with insights and data to help you make an informed purchase. Perhaps more importantly, he will be able to help you find the perfect home that meets not just your price goals but also all your expectations of Bar Harbor living. If you’re ready to get started on your homebuying journey, reach out to Steve today.