494 Island Avenue, Portland, ME 04108

Portland
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
494 Island Avenue,Portland, ME 04108
$879,999
  • 0.9 Acres
  • Lots / Land
  • Active
Office: locations real estate group llc.
MLS#:1687318
Source:ME_MREIS

Price summary

  • Price:$879,999

About this home

Here's your opportunity of a lifetime and it's the perfect time to buy so you have the winter to plan and permit. This spectacular Peaks Island waterfront lot with an existing cottage, a sandy beach (a rarity on the island) and approximately 220 feet of oceanfront with sweeping views of Casco Bay and Diamond Pass. This private 0.90-acre Casco Bay property offers panoramic water views and room to explore a renovation, addition or custom-home rebuild. There's potential for a mooring or dock. Buyers should independently verify what's possible under applicable shoreland requirements and approvals for this large lot, as well as the feasibility of a dock. A property survey and preliminary correspondence from the City of Portland are available to help buyers get started. An introduction to a Peaks Island contractor who has already walked the property is available for buyers who want to discuss what an island build could look like. Or, if customizing a modular home is a route you'd like to...

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Home facts

  • Listing ID #:1687318
  • Updated:November 13, 2026 at 12:00 PM

Structure and exterior

  • Lot area:0.9 Acres
  • Lot Features:Level, Near Public Beach, Open Lot

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$879,999
  • Tax amount:$12,369 (2025)

Parking

  • Parking description:5 - 10 Spaces, Gravel, Paved
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