Bankrupt Kennebunkport Glampground Sold To Out-Of-State Giant For $14 Million

Months of suspense at one of Kennebunkport’s splashiest campgrounds are finally over. A national park operator has clinched the winning bid for Sandy Pines Campground, locking in a court-approved sale of the 46-acre coastal glamping hub just as the busy summer season ramps up.

The deal includes the full resort package: glamp tents, cottages, RV and tent sites, a heated saltwater pool, and a prime slice of coastal woods that has become a go-to spot for vacationers looking to sleep under canvas without roughing it too much.

Sale and price

According to Boston Business Journal, the winning sealed bid came in at roughly $14 million. That number caps a national sealed-bid campaign that followed the owner’s Chapter 11 filing earlier this year, turning Sandy Pines into one of Maine’s most closely watched hospitality properties.

Buyer and court approval

Local coverage has identified the buyer as Streamside Parks LLC, a company that operates campgrounds around the country. A federal bankruptcy judge signed off on the sale on Tuesday, according to the Portland Press Herald.

Streamside’s chief growth officer, Jen Milam, struck an upbeat tone in a written statement quoted by the paper, saying the company looks forward to becoming part of the Kennebunkport story. Auction firm Keenan Auction Company has said the buyer has posted a deposit that clears the way for a midsummer closing as long as the court process stays on track.

Property details

The Sandy Pines property at 277 Mills Road spans about 46.25 acres and includes roughly 268 existing campsites, with municipal approvals allowing for up to 300, according to a listing on LoopNet. A grand lodge and general store anchor the site.

The resort markets a wide mix of lodging options, including glamp tents, park models, covered wagons and cottages, along with a kayak launch and marsh views looking out toward the Rachel Carson National Wildlife Refuge.

Bankruptcy and auction

The sale follows a Chapter 11 bankruptcy filing by the park’s owner and a foreclosure auction that was pushed off earlier this spring, Bangor Daily News reported. Auction managers then shifted to a sealed-bid approach, coordinating the process with Keenan, Hunneman and CBRE to give both creditors and the debtor a court-supervised route to a sale instead of a fire drill on the courthouse steps.

What comes next

The Portland Press Herald reports that Streamside’s deposit gives the company a little more than a month to close, setting up a potential midsummer completion if everything proceeds on schedule. Court filings cited by the paper show that Sandy Pines LLC listed more than $16 million in total assets and over $20 million in liabilities, figures that will shape how much creditors ultimately recover from the deal.

Local impact

For now, Sandy Pines is open for the 2026 season, and that continuity is a relief for nearby businesses that depend heavily on summer traffic. Local operators say keeping the campground humming is critical to the warm-weather economy around Goose Rocks Beach.

The campground’s website continues to tout its family amenities and beach proximity, and residents are expected to watch closely to see whether the new out-of-state owner sticks to assurances that it will preserve the property’s local feel while plugging it into a larger national portfolio.