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About This Home
This 2-bedroom, 2-bathroom single family at 494 Island Avenue in Portland, ME is listed for $1,175,000 ($2,040 per sqft). Built in 1965, the home offers 576 sqft of living space on a 0.90 acres lot.
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. For info and to schedule a showing call Shay Johnson.
Key Features
- Built in 1965
- 0.90 acre lot
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$6,284/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
494 Island Avenue
Portland, ME 04108
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Pool Features
Heating
Cooling
Questions & Answers
This 2-bedroom, 2-bathroom single family at 494 Island Avenue is listed at $1,175,000 ($2,040/sqft). The estimated monthly payment is $5,092 based on 20% down at 6.5% interest.
Key features include: Built in 1965, 0.90 acre lot, Waterfront. Interior Features: 1st Floor Bedroom, One-Floor Living.
This property is listed by Shalene Johnson and can be reached at 2076153228 or shay@locationsinmaine.com.































