The Flip Potential of
3 Pheasant Hill Road Cape Elizabeth, ME is medium.

This 4-bed, 2-bath, 1,986 sqft home in Cape Elizabeth is listed at $629K, which is significantly below the area’s average home value of $828K and even further below the median list price, which currently sits around $1.29M. Recent comparable sales suggest similar homes are fetching between $725K and $835K, with a median price per sqft of about $385, notably higher than this property’s $323/sqft. The neighborhood is strong, schools are top-rated, and inventory is moving quickly. However, the property was built in 1995 and doesn’t seem to need major updates, so the flip margin might be limited unless you spot easy cosmetic upgrades.

If you’re the homeowner, focus on minor updates—think fresh paint, landscaping, and maybe some kitchen or bath touch-ups to appeal to today’s buyers. For investors, the current price leaves some room, but with the home already in decent condition and the market showing only modest appreciation, your upside is moderate unless you can add real value. Don’t over-improve for the area, but do play up the location, schools, and lot.