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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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494 Island Ave , Portland, ME 04108
$999,900
Est. Payment: $5,159.05/mo
2 Bed
1 Bath
716 Sqft
Status: active | Days on site: 101
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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.

Highlights

Listed by Shalene Johnson , 207-615-3228 Locations Real Estate Group LLC , 207-805-1811. Maine Real Estate Information System, Inc. mls logo

Property Type

Residential

Lot/Acreage
0.9

Year Built

1965

County

Cumberland

Listing ID

1658995

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:1
  • Full Bathrooms:1
Appliances:Microwave, Electric Range, Refrigerator, Washer
Air Cond:Heat Pump
Fireplaces:
Floor:Carpet,Tile,Painted/Stained
Above Ground Sq Ft:716
Below Ground Sq Ft:0
Basement:Interior Entry,Walk-Out Access,Daylight,Unfinished
Other:1st Floor Bedroom,One-Floor Living
Other:Public

Exterior Features

Lot:Near Public Beach,Level,Open Lot
Zoning:IR-2, Shoreland
Roof:Shingle
Others:Beach Rights,Oceanfront
Sewer:Septic Tank
Parking Features:Gravel,Paved,5 - 10 Spaces
Principal Interest
$5,159
Taxes
$1,031

Home Price

$999,900

Loan Details

30 yrs
6.695%

Down Payment

20%
$199,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,159.05

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,159.05 $1,030.75 $0.00 $6,189.80
Yearly $61,908.66 $12,369.00 $0.00 $74,277.66
Total $1,857,259.75 $371,070.00 $0.00 $2,228,329.75

Today's Rates

30 Year

6.7%

20 Year

6.21%

15 Year

6.15%

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Market insight data is pulled from the same city as the listing being viewed (Portland, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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.


IDX service by Blueroof 360

Data last updated: 2026-08-02T07:29:11.000Z

© 2026 Maine Real Estate Information System, Inc.

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