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Jessica Samples
REALTOR®
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494 Island Avenue , Portland, ME 04108

$879,999
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New to the Market Active
LOT SIZE 0.900 acres MLS#1687318
STATUSActive PROPERTY TYPELand - Lot/Land

Property Description

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 explore, I can also introduce you to a company with experience constructing on the island. This extraordinary property is truly magical and needs to be seen to be appreciated. Come walk the shoreline and see what makes this setting so special.

494 Island Avenue | MLS# 1687318

This land located at 494 Island Avenue , Portland, ME 04108 is currently listed for sale with an asking price of $879,999. The property has approximately 0.90 Acres. Search Portland real estate on jessicasamples.masiellogrouprealestate.com today.

Property Features

Property Type: Land - Lot/Land
Lot Size: 0.90 Acres
Taxes: $12,369

Feature Descriptions

Electric: On Site, Circuit Breakers
Lot: Near Public Beach, Level, Open Lot
Parking: Gravel, Paved,5 - 10 Spaces
Road Surface: Paved
Sewer: Septic Tank
Special View Info: Scenic
Water: Public
Water Body Name: Casco Bay, Atlantic Ocean

Listed By / Shown By

Listed By

Agency Name: Locations Real Estate Group LLC
Agent Name: Shalene Johnson
Agency Phone: 207-805-1811

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Shown By

Agent Name: Jessica Samples
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group

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Estimated Payment

$ 3,245.91 per month $1,958.50 Principal & Interest $1,030.75 Property Tax $256.67 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/12/2026. The listing information on this page last changed on 11/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 11/12/2026 12:05:56 AM EST) or MLSPIN MLS (last updated Wed 11/11/2026 11:38:31 PM EST) or Prime MLS (last updated Wed 11/11/2026 11:32:43 PM EST) or MREIS (last updated Wed 11/11/2026 11:55:13 PM EST). Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate The Masiello Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.



Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

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