Casco Terrace is a community in Falmouth, Maine, United States, located on Falmouth Foreside on Casco Bay. Initially a community of summer cottages, it is now a year-round community of residents.

Casco Terrace is made up of the following:

• Broad Street
• Chestnut Street
• Casco Terrace
• Oak Street
• Ennis Street
• Rea Street
• part of Ocean Street.

The community has an association called the Casco Terrace Association. Casco Terrace is part of an area that DownEast Magazine has called Maine's Most Prestigious Neighborhood (September 2004). The community has access to the water and a dock and beach, as well as a "Common", "Grove" with picnic tables, and "Point" with chairs and benches facing the anchorage.