# 494 Island Avenue, Portland, ME 04108

> **TL;DR:** 2bd/2ba single family, $1,175,000 ($2040/sqft), built 1965, 576 sqft.
> Waterfront, A/C. Est. $5,092/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,175,000 |
| Price/sqft | $2040 |
| Bedrooms | 2 |
| Bathrooms | 2 full |
| Square Feet | 576 |
| Year Built | 1965 |
| Lot Size | 39,204 sqft (0.90 acres) |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,092 |
| **Total** | **$5,092** |

## Key Amenities

- Waterfront
- A/C

## Property Highlights

- Built in 1965
- 0.90 acre lot
- Waterfront

## Description

### Agent 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. For info and to schedule a showing call Shay Johnson.

## Location

- **Address:** 494 Island Avenue, Portland, ME 04108
- **County:** Cumberland
- **Coordinates:** 43.668106, -70.192309
- **Google Maps:** https://www.google.com/maps?q=43.668106,-70.192309

## Listing Agent

- **Name:** Shalene Johnson
- **Brokerage:** Locations Real Estate Group LLC
- **Phone:** 2076153228
- **Email:** shay@locationsinmaine.com

## Primary Photo

![494 Island Avenue - Primary Photo](http://lh.rdcpix.com/0ecc932cb9235dc481ffa427f3629adfl-f2560057630r.jpg)

*32 total photos available on [listing page](https://www.propertysimple.com/listing/494-island-avenue-portland-me-04108-1658995)*

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**MLS#:** 1658995 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/494-island-avenue-portland-me-04108-1658995)

---

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