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MORE HOUSES OF THE DAY:
Casco Bay Island Compound
Medieval Castle in the Midwest
Gaudy Gilded-Age Mansion

Location: South Portland, Maine

Price: $1,600,000

Set so close to the ocean that the edge of the swimming pool seems to empty onto the beach, this '50s construction in southern Maine might seem like quite a deal, but considering what erosion could do to this seafront spread, some engineers reports may be in order. Priced at $1,600,000, the house boasts stunning water views from broad single-pane windows, that precarious pool, four bedrooms, and an interest in nearby conservation land. Then again, a couple decades of nasty nor'easters might leave the next owner pitching a tent on that conservation land.