$1,175,000
Beds: 2
Sqft: 576
Sqft lot: 39,204
Acre lot: 0.90
Just Listed

Courtesy of Locations Real Estate Group LLC 207-805-1811

Status: Active
Property Type: Single Family Residence
Year Built: 1965
Days On Website: 9

Property Details for 494 Island Avenue, Portland, ME 04108

Here's your opportunity of a lifetime! This spectacular property is a truly rare offering with approximately 220 feet of ocean frontage overlooking Diamond Pass. Set well back from the road and perched along the shoreline, it captures sweeping, serene water views, sandy beach frontage (a rarity on the island), and a sense of peace and privacy that is increasingly hard to find. Whether it's mornings watching boats pass through the channel or quiet evenings at the water's edge, this is a setting that invites you to slow down and stay awhile. The existing home is ready for your vision--whether restoration, expansion, or reimagining. Whatever you choose, here's your opportunity to create something special in an extraordinary setting. Located near the island clubhouse and just steps from the water, there's potential for a mooring and possibly a dock (please verify). You're encouraged to perform your own due diligence regarding dock feasibility and accessory dwelling unit opportunities. It's rare to find this level of frontage, sandy beach access, and panoramic views in one property! Rarer still to have the opportunity to make it your own.

Cooling

  • Cooling Included
  • Cooling: "Heat Pump"

Appliances & Equipment

  • Appliances: "Washer", "Refrigerator", "Microwave", "Electric Range"

Basement

  • Basement: "Interior", "Walk-Out Access", "Daylight", "Unfinished"

Bathrooms

  • 1 full bathroom
  • 1 total bathroom

Bedrooms

  • 2 total bedrooms

Building

  • Architectural Style: "Other", "Ranch"
  • Building Area Source: Public Records
  • Building Area Total: 576
  • Construction Materials: "Shingle Siding", "Wood Frame"
  • Year Built: 1965

Exterior Features

  • Patio And Porch Features: "Deck"
  • Patio And Porch Features: "Deck"

Floors

  • Flooring: "Tile", "Carpet"

Foundation

  • Foundation Details: "Block"

Water Features

  • Water Body Name: Casco Bay, Atlantic Ocean
  • Waterfront Property

Heating

  • Heating: "Pellet Stove", "Heat Pump", "Direct Vent Heater", "Baseboard"
  • Heating Included

Interior Features

  • Features: "1st Floor Bedroom", "One-Floor Living"

Listing

  • Contract Status Change Date: 2026-04-23
  • Listing Agreement: Exclusive Right To Sell
  • Listing Contract Date: 2026-04-23
  • Listing Id: 1658995
  • Mls Status: Active
  • Modification Timestamp: 2026-04-23 19:04:57
  • On Market Date: 2026-04-23
  • Original Entry Timestamp: 2026-04-23 17:36:31
  • Original List Price: $1,175,000
  • Standard Status: Active
  • Status Change Timestamp: 2026-04-23 17:36:31
  • 9 days on market

Location

  • City: Portland
  • State Or Province: ME
  • County Or Parish: Cumberland
  • Postal Code: 04108

Lot

  • Features: "Open", "Level", "Near Public Beach"
  • 0.9 acres
  • Area: 0.9
  • 39,204 square feet

Parking

  • Features: "5 - 10 Spaces", "Gravel", "Paved"

Property

  • Parcel Number: PTLD-000090-J000003-000001
  • Property Sub Type: Single Family Residence
  • View: "Scenic"
  • Zoning: IR-2, Shoreland

Roof

  • Roof: "Shingle"

Additional Rooms

  • Rooms Total: 5

Sewer

  • Sewer: "Septic Tank"

Taxes

  • Annual Amount: $12,369
  • Tax Lot: 01

Utilities

  • Electric: "Circuit Breakers"
  • Water Source: "Public"

Map View


$1,175,000 - 494 Island Avenue, Portland, ME 04108

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494 Island Avenue
Portland, ME 04108
City: Portland