489 Leisure Lane, Frye Island, ME 04071
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS



Listed by:lois o'connor
Office:sunset lakes real estate
MLS#:1622842
Source:ME_MREIS
Price summary
- Price:$899,000
- Price per sq. ft.:$624.31
About this home
Stunning Waterfront Cottage on Sebago Lake - Fully Furnished, Prime Rental Income!
Experience lakeside living at its finest with this exceptional 6-bedroom, 2-bathroom cottage located directly on the shores of Sebago Lake. Boasting a sandy beach, private boat dock, and mooring, this reverse-design home offers breathtaking west-facing views and unforgettable sunsets over the White Mountains.
The first floor features six comfortable bedrooms and two full baths, perfect for accommodating family and guests. Upstairs, a spacious open-concept great room combines the kitchen, dining, and living areas, all overlooking the sparkling lake through expansive windows.
Ideal as a vacation home or an investment property, this cottage has a proven track record as a premium summer rental—fully booked from late June through mid-September at $5,000 per week. The home is being sold completely furnished, so you can start enjoying or renting it immediately.
Located on beautiful Frye Island, you'll also enjoy access to a wealth of community amenities including:
15 sandy beaches
Marinas
Community center and playground
Tennis, basketball, and 6 pickleball courts
Swimming pool and community garden
9-hole golf course with driving range
On-island café, general store, gift shop, and ice cream stand
Don't miss this rare opportunity to own a turnkey lakefront property with incredible views, strong rental income, come, (the 2024 season had $57,620 in rentals and $51,000 in bookings for 2025 so far), and access to everything Frye Island has to do. *Property is being sold as is where is.
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Home facts
- Year built:1980
- Listing Id #:1622842
- Updated:August 12, 2025 at 07:49 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,440 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1980
- Building area:1,440 sq. ft.
- Lot area:0.35 Acres
Utilities
- Water:Public, Seasonal
- Sewer:Private Sewer, Septic Design Available
Finances and disclosures
- Price:$899,000
- Price per sq. ft.:$624.31
- Tax amount:$7,464 (2025)
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