A rare opportunity to own a piece of Cape Elizabeth history! 243 Mitchell Road is a unique property offering a beautiful personal residence, a separate building currently being utilized as a schoolhouse, and the opportunity to own and operate popular Ledgemere Country Day School. From the moment you step onto the wrap around porch you will appreciate the location and the grounds. Beautifully sited on a wooded knoll overlooking the road, the main home was expanded and extensively renovated from top to bottom in 2005-2006. The first floor offers space for everyone with a sunny eat-in kitchen wrapped with windows opening to the family room. The kitchen features cherry cabinetry, double wall ovens, plenty of counter space and a walk-in pantry. A formal dining room and living room are a nod to the past, with the living room enjoying the beautiful original wood-burning fireplace and the dining room paneled with original interior doors from 1900. Modern conveniences bring the home up to date including a spacious tiled mudroom, first-floor laundry and updated systems. The second level, with hardwood floors throughout, offers four spacious bedrooms. The master suite is in its own wing and features a cathedral ceiling, walk-in closet and full bath with tub. The third floor is a bonus space that can serve many functions: office space, reading room, playroom or exercise space. Celebrating its 85th anniversary this year, Ledgemere Country Day School operates out of a separate shingled building with individual entrances to the first and the second floor. Both levels have a spacious main room/classroom, a bathroom and an office space. The fenced in playground includes the original 1950s merry-go-round, multiple play structures and two storage sheds. Everything is included to continue to operate the school: classroom furniture, supplies and school equipment. Situated on an acre of land, this versatile property has endless possibilities.