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Updated: December 28, 2023

Year in Review: The top Mainebiz real estate stories in 2023

Tom's of Maine house Peter Morneau The Federal-style home, once known as Lexington Elms, dates to 1799. The founders of Tom's of Maine had lived there since 1983.

While Mainebiz readers are typically interested in commercial or industrial real estate, residential real estate was still a hot topic in 2023 — especially homes that sold for top dollar.

From sales of estates to hotels changing hands to development plans, here are the top real estate stories from 2023:

Tom's of Maine founders put home on the market

Massachusetts hotelier buyer Ogunquit Inn — its 24th property in Maine

Largest military shipbuilder in U.S. leases space in Portland

Portland Foreside developer plans retail, residences, luxury hotel on city's East End

Old Orchard Beach motel sells outside the family for the first time

High-end subdivision advances in Camden

Massive fire in Port Clyde destroys General Store, Dip Net and ferry terminal

After $125 million retrofit, TimberHP's Madison mill will produce high-performance insulation

Historic riverside Hallowell building sells for $2.4M

L.L.Bean unveils highlights of flagship store revamp

With university's move to New Gloucester, 225-acre Unity campus is listed for sale

A Maine ZIP code ranks in the 50 'hottest' for home buyer interest, and is also among priciest

Maine's out-of-state homebuyers came from these states last year

Planned Skowhegan investments will top $650 million

Private Casco Bay island with storied family compound sells for $7M

Boutique boomlet in Biddeford? A second high-end hotel may open in trending Maine city

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