Cape Elizabeth is a town in Cumberland County, Maine, United States. The town is part of the PortlandSouth PortlandBiddeford, Maine metropolitan statistical area. The first habitation by Europeans was on Richmond Island. Without title, Walter Bagnall (called "Great Walt") in 1628 established a trading post, dealing in rum and beaver skins. "His principal purpose appears to have been to drive a profitable trade with the Indians," writes historian George J. Varney, "without scruple about his methods." His cheating caught up with him in October of 1631, however, when he was killed by the Indians, who also burned down his trading post. Cape Elizabeth is the location of the Beach to Beacon 10K road race that starts at Crescent Beach State Park (the "beach") and ends at Portland Head Light (the "beacon").