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The highest-performing listings in Cape Elizabeth.
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Challenging to Investors
STRs are explicitly legal but face significant constraints including strict annual day caps (42-182 days depending on STR type), moderate permit fees ($500-1000), and complex multi-tiered system requiring homestead exemption, safety inspections, and detailed documentation. The combination of occupancy limits, parking restrictions, one-rental-per-week rules, and annual permit renewal creates substantial compliance burden that could deter some investors despite clear legality.
Local STR Agent
STR specialist · Cape Elizabeth, ME
Cape Elizabeth is a coastal town in Cumberland County, Maine, with a population of roughly 9,000 residents. Known for its rugged Atlantic shoreline, tree-lined residential neighborhoods, and historic lighthouses, it carries a quietly elegant character that blends small-town New England charm with easy access to the city. The town sits about seven miles southeast of Portland, Maine, and serves as both a peaceful seaside community and a gateway to some of the state's most iconic coastal scenery.
Portland Head Light is Maine's oldest lighthouse and one of the most photographed in the United States, commissioned by George Washington in 1791. Set within Fort Williams Park at the entrance to Casco Bay, the lighthouse and its surrounding ocean cliffs draw visitors year-round, just a few minutes' drive from anywhere in town. A small museum, operated by a local preservation group, offers exhibits on the lighthouse's maritime history and the keepers who tended it.
Fort Williams Park stretches across the headland at the tip of Cape Elizabeth, offering walking trails, picnic areas, rocky beaches, and the remnants of the historic fort that once guarded Portland Harbor. Just a few minutes' drive from the town center, it serves as a year-round destination for sunset viewing, photography, and leisurely walks along the cliff paths. The park is also home to a children's garden, sports fields, and shoreline overlooks that capture the drama of Casco Bay.
Crescent Beach State Park is a popular summer destination featuring a long, sandy beach, tide pools, and picnic areas along the town's southern shore. About a ten-minute drive from the town center, it provides swimming, sunbathing, and a network of walking trails through salt marsh and forest. The crescent-shaped cove remains one of the most family-friendly beach experiences in the greater Portland area.
Two Lights State Park sits on a rocky headland at the eastern end of Cape Elizabeth, named for the twin lighthouses that once stood here, only one of which still operates today. Roughly a five-minute drive from the town center, the park offers picnic areas with sweeping ocean views, cliffside hiking paths, and a well-known lobster shack that has become a destination in its own right. It is a favorite stop for both casual visitors and dedicated lighthouse enthusiasts exploring the Maine coast.
Cape Elizabeth appeals to short-term rental owners because it combines Maine's most recognizable coastal landmarks with close proximity to Portland's restaurants, breweries, and Old Port district. Guests who stay in the area can spend their days exploring lighthouses, swimming at sandy beaches, or walking oceanfront trails, and still be back in the city for dinner. With its scenic setting, walkable parks, and reliable seasonal tourism, the town offers a strong foundation for a rental that serves both summer beachgoers and the leaf-peepers and lighthouse lovers who visit throughout the rest of the year.