43.668106 -70.192309
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Listed by Locations Real Estate Group LLC, Shalene Johnson. (207) 615-3228

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494 Island AvenuePortland, ME 04108

Active
$1,175,000
2
1
576 SqFt

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.


FACTS & FEATURES

  • Property Type:
    Residential
  • Architectural Style:
    Other, Ranch
  • Bedrooms:
    2
  • Bathrooms:
    1
  • Dwelling Size:
    576 SqFt
  • Lot Size:
    0.90 Acres
  • Lot Description:
  • Stories:
  • Year Built:
    1965
  • Interior Features:
    1st Floor Bedroom, One-Floor Living
  • Exterior Features:
  • Parking:

    Garage or Parking Spaces: 0
    Features: Gravel, Paved, 5 - 10 Spaces
  • Area:
  • Views:
    Scenic
  • Schools:
  • HOA:
  • Senior Community:
  • Heating:
    Electric, Pellets, Propane, Baseboard, Direct Vent Heater, Heat Pump, Pellet Stove
  • Cooling:
    Heat Pump
  • Appliances:
    Washer, Refrigerator, Microwave, Electric Range
  • Fireplace:
    Fireplace(s): 0
    Features:
  • Accessibility:
  • Security Features:
  • Foundation:
    Block
  • Roof:
    Shingle

LOCATION


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Listing Office: Locations Real Estate Group LLC. Listing Agent: Shalene Johnson. Listing ID: 1658995

Last Updated May 26, 2026 1:04 PM
Data last checked against MREIS on June 1, 2026 3:37 AM

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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

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