Home News Former Cawley waterfront mansion in Camden sells for $13.7M

Former Cawley waterfront mansion in Camden sells for $13.7M

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Camden’s waterfront mansion owned by Charles Cawley’s family — founder of the deceased credit card company MBNA. Died in 2015 — Sold to a neighbor for over $ 13 million.

An eight-bedroom home, two adjacent small guesthouses, and a surrounding 10-acre overlooking Penobscot Bay sold for $ 13,736,600 last week. Trulia list.. Located on 270 and 274 Bayview Street, the property includes a deep-sea pier.

House prices are among the highest recently recorded in Maine, which is generally soaring, as the global COVID pandemic has increased interest in living in less crowded areas of the countryside. The selling price stands out. There are half a dozen mansions on the market ranging from $ 8 million to $ 9 million. According to Mansion GlobalHowever, it is not within the range of Ringing point of Seal HarborPurchased for $ 19 million in January 2018.

Completed May 31st and recorded the next day at the Knox County Registry of Deeds, Camden Sale buyers purchased adjacent properties at Bayview Street 256 and 260 in Betsy Sherman, Miami Beach, in 2019. .. Sherman is the widow of George Sherman, a former CEO of Black & Decker and Danaher, who died at his home in Camden last summer at the age of 80. Baltimore Sun..

The combined valuation of the two previous Cawley properties used by the town of Camden to determine the tax bill for the two properties is nearly $ 9 million. Overall, the four adjacent properties currently owned by Sherman total 15.5 acres and have a total valuation of $ 17.3 million.

MBNA, which employed thousands of people in Maine in the 1990s and early 2000s, was acquired by Bank of America in 2005 and subsequently closed several call centers in Maine. The company still has hundreds of employees in Belfast.

For over 20 years, Maine Coastal News Reporter Bill Trotter writes about how the iconic Atlantic and state coastlines can help shape the lives of residents and visitors along the Maine coast.
Details by Bill Trotter

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