[2] The island and community has undergone numerous name changes.

It was originally Penobscot Island, part of the Waldo Patent.

This was the Roosevelt, which carried Robert Peary from New York to the Arctic in 1908 for his final expedition to the North Pole.

[4] The Waldo–Hancock Bridge (carrying U.S. 1), which opened November 16, 1931, to connect Verona Island and Prospect in Waldo County, is on the National Register of Historic Places but was in such bad condition that it was replaced.

The legislature's Transportation Committee originally decided it would be named the Downeast Gateway Bridge, but strong opposition by community leaders from eastern Waldo County forced this decision to be reconsidered.

[1] The highest point is McCloud Mountain, at an elevation of 344 feet (105 m) above sea level.

The racial makeup of the town was 97.4% White, 0.2% Native American, and 2.4% from two or more races.

25.6% of all households were made up of individuals, and 8.4% had someone living alone who was 65 years of age or older.

21.5% of all households were made up of individuals, and 11.2% had someone living alone who was 65 years of age or older.