489 Leisure Lane Frye Island, ME

$945,000
Beds 6
Baths 2
Square Footage 1,440
Acres 0.35
Photo of 489 Leisure Lane Frye Island ME 04071




Description

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 offer.


Listed by Sunset Lakes Real Estate, Lois O'Connor & Jennifer O'Connor 207-655-2139

Details

MLS 1622842
Status Active
Price $945,000
DOM 30 days
Type Single Family
Style Contemporary, Cottage
Beds 6
Baths 2 full baths
Square Feet 1,440 sqft
Lot Size 0.35 acres
Year Built 1980
Taxes Paid $7,464

Lot & Building Features

Cooling A/C Units, Heat Pump, Multi Units
Tax Year 2025
Taxes Paid $7,464

Room Details

Bedroom 1 First floor
Bedroom 2 First floor
Bedroom 3 First floor
Bedroom 4 First floor
Bedroom 5 First floor
Kitchen Second floor
Living Room Second floor
Primary Bedroom First floor
Basement Description None, Not Applicable

Map

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Financing

$
20%
0.78990476190476%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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