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494 Island Avenue, Portland, ME 04108 (MLS# 1658995)

494 Island Avenue, Portland, ME 04108

$879,999
Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 716 Lot Size (sq. ft.): 39,204 Status: Active
Current Price: $879,999 List Date: 4/23/2026 Last Modified: 9/30/2026

Overview

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 ...

Listing Details MLS# 1658995

Property Sub-Type

Property Sub-Type
Single Family Residence

Location Information

Street #
494
Street Name
Island
Street Type
Avenue
County
Cumberland
Town
Portland
State/Province
ME
Zip Code
04108
Zip +4
1012
Leased Land
No
Book
40254
Page
103
Map
90
Block
03
Lot
01
Zoning
IR-2, Shoreland
Zoning Overlay
Yes
Association
No
Full Tax Amount $
12369
Tax Year
2026
Tree Growth Y/N
No

Contract Information

Original List Price
1175000

Property Information

Surveyed
No
Seasonal
No
Deed/Conveyance Type Offered
Quit Claim w/Covenant
Deed
All
# Rooms
5
# Bedrooms
2
Total Full Baths
Yes
Total Baths
Yes
Color
Gray
Year Built
1965
SqFt Finished Above Grade
716
SqFt Finished Total
716
SqFt Source
Public Records
Garage
No
Lot Size Acres +/-
0.9
Source of Acreage
Deed

Water Info

Waterfront
Yes
Waterfront Amount
220
Water Frontage Owned
220
Water View
Yes
Water Body Name
Casco Bay, Atlantic Ocean
Island
Yes

More Information

Bedroom 1

Bedroom 1
Yes
Bedroom 1 Level
First

Bedroom 2

Bedroom 2
Yes
Bedroom 2 Level
First

Kitchen

Kitchen
Yes
Kitchen Level
First

Living Room

Living Room
Yes
Living Room Level
First

Sunroom

Sunroom
Yes
Sunroom Level
First

Property Features

Site: Level; Open Location: Near Public Beach Roads: Dead End; Other Road Source of Water Frontage: Seller Water Body Type: Bay; Harbor; Ocean Recreational Water: Beach Rights; Oceanfront View: Scenic Appliances Included: Electric Range; Microwave; Refrigerator; Washer Style: Other; Ranch Levels: One Construction: Wood Frame Basement: Daylight; Unfinished; Walk-Out Access Basement Entry: Interior Foundation Materials: Block Roof: Shingle Exterior: Shingle Siding Heat System: Baseboard; Direct Vent Heater; Heat Pump; Pellet Stove Heat Fuel: Pellets; Propane Water Heater: Electric Cooling: Heat Pump Floors: Carpet; Painted/Stained; Tile Amenities: 1st Floor Bedroom Patio and Porch Features: Deck Driveway: Gravel; Paved Parking: 5 - 10 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Septic Tank Water: Public

Room Information

Room Name Level
Kitchen First
Living Room First
Sunroom First
Bedroom 1 First
Bedroom 2 First

Documents

IDX
Listing Office: Locations Real Estate Group LLC
Last Updated: September - 30 - 2026
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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