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494 Island Avenue, Portland, ME 04108

$1,175,000
  • 494 Island Avenue, Portland, ME 04108 Main Photo

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Active
BEDS2 BATHS1 full SQUARE FEET576 MLS#1658995
STATUSActive PROPERTY TYPEResidential - Single Family

Property 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.

494 Island Avenue | MLS# 1658995

This single family home located at 494 Island Avenue, Portland, ME 04108 is currently listed for sale with an asking price of $1,175,000. This property was built in 1965 and has 2 bedrooms and 1 full baths with 576 sq. ft. Search Portland real estate on tgaudet.spragueandcurtis.com today.

Property Features

Property Type: Residential - Single Family
Basement: Interior Entry, Daylight, Unfinished
Basement: Yes
Cooling: Heat Pump
Heating: Electric, Pellets, Propane, Baseboard, Direct Vent Hea
Home Style: Other, Ranch
Lot Size: 0.90 Acres
Roof Type: Shingle
Taxes: $12,369
Year Built: 1965

Feature Descriptions

Amenities: 1st Floor Bedroom, One-Floor Living
Appliances: Microwave, Electric Range, Refrigerator, Washer
Electric: Circuit Breakers
Exterior: Wood Frame, Shingle Siding
Flooring: Carpet, Tile, Painted/Stained
Foundation: Block
Lot: Near Public Beach, Level, Open Lot
Parking: Gravel, Paved,5 - 10 Spaces
Special View Info: Scenic
SQ FT Above Grade: 576
SQ FT Below Grade: 0
Total Rooms: 5
Water: Public
Water Body Name: Casco Bay, Atlantic Ocean

Listed By / Shown By

Listed By

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

Shown By

Agent Name: Tyler Gaudet
Agent Phone: (207) 215-5170
Agency Title: Sprague and Curtis Real Estate

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Estimated Payment

$ 3,988.50 per month $2,615.04 Principal & Interest $1,030.75 Property Tax $342.71 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 06/04/2026. The listing information on this page last changed on 06/04/2026. 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 06/04/2026 7:27:14 AM EST) or MREIS (last updated Thu 06/04/2026 2:05:15 AM EST). Real estate listings held by brokerage firms other than Sprague and Curtis Real Estate 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.



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