494 Island Ave

Portland, ME 04108
  • $1,175,000

    Price
  • 2

    Bed
  • 1

    Bath
  • 576

    SqFt

About the Listing 3033 - 019429

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.

Listing Highlights

Status Active
Days on Site 3
Property Type Residential
MLS ® 1658995
Year Built 1965
Total Square Footage 576
Lot/Acreage 0.9
County Cumberland

Interior Details

  • Bedrooms: 2
  • Bathrooms: 1 Full
  • Appliances: Washer, Refrigerator, Microwave, Electric Range
  • Air Cond: Heat Pump
  • Heating: Pellet Stove,Heat Pump,Direct Vent Heater,Baseboard
  • Fireplaces: 0
  • Floor:
  • Above Ground Sq Ft: 576
  • Below Ground Sq Ft: 0
  • Basement: Interior,Walk-Out Access,Daylight,Unfinished
  • Other: 1st Floor Bedroom,One-Floor Living
  • Water: Public

Exterior Details

  • Lot Description: Open,Level,Near Public Beach
  • Garage Capacity: N/A
  • Zoning: IR-2, Shoreland
  • Roof: Shingle
  • Others:
  • Sewer: Septic Tank
  • Parking Features: 5 - 10 Spaces,Gravel,Paved

Financial Details

  • Tax Amount: $12,369
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2026

Payment Calculator

Monthly Payment

  • in Principal and Interest
  • in Taxes
Years
% Down Payment
% Mortgage Rate

Questions About..

494 Island Ave Portland, ME 04108

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Never Miss A New Property

Get notified any time there's a new home on the market in this neighborhood!

Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.

Originating MLS: Maine Listings

|

home

Are you buying or selling a home?

Buying
Selling
Both
home

When are you planning on buying a new home?

1-3 Mo
3-6 Mo
6+ Mo
home

Are you pre-approved for a mortgage?

Yes
No
Using Cash
home

Would you like to schedule a consultation now?

Yes
No

When would you like us to call?

Thanks! We’ll give you a call as soon as possible.

home

When are you planning on selling your home?

1-3 Mo
3-6 Mo
6+ Mo

Would you like to schedule a consultation or see your home value?

Schedule Consultation
My Home Value

or another way