494 Island Avenue Portland, ME
$999,900
Beds 2
Baths 1
Square Footage 716
Acres 0.90
Description
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.
Listed by Locations Real Estate Group LLC, Shalene Johnson 207-805-1811
Details
MLS 1658995
Status Active
Price $999,900
DOM 143 days
Type Single Family
Style Other, Ranch
Beds 2
Baths 1 full baths
Square Feet 716 sqft
Lot Size 0.90 acres
Year Built 1965
Taxes Paid $12,369
Lot & Building Features
Amenities 1st Floor Bedroom
Construction Wood Frame
Cooling Heat Pump
Heat Source Electric, Pellets, Propane
Heating Electric, Pellets, Propane, Baseboard, Direct Vent Heater, Heat Pump, Pellet Stove
Parking Description Gravel, Paved, 5 - 10 Spaces
Tax Year 2026
Taxes Paid $12,369
Water Public
Water Heater Electric
Room Details
Bedroom 1 First floor
Bedroom 2 First floor
Kitchen First floor
Living Room First floor
Sunroom First floor
Basement Description Interior Entry, Walk-Out Access, Daylight, Unfinished
Map
Get Directions
Financing
$
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.

