Blank Canvas Opportunity on Ocean Avenue.
Discover a rare gem offering the perfect balance of tranquil privacy and urban convenience. Situated on a flat, secluded 1.83-acre lot, 1040 Ocean Avenue provides a serene retreat just minutes from downtown Portland and Falmouth.
The property boasts exceptional natural borders, flanked to the west by the preserved open space of the Old Barn Estates development and to the south by a peaceful city park. The property has been surveyed and soil tested.
Please note: The existing structure on the property will need to be razed. Buyer is responsible for all due diligence.
Active
$275,000
1040 Ocean Avenue, Portland, ME 04103
--beds
--baths
1.83Acres
Land
Built in ----
1.83 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Exceptional natural borders
- 33 days |
- 610 |
- 37 |
Zillow last checked:
Listing updated:
Listed by:
Better Homes and Gardens Real Estate/The Masiello Group
Source: Maine Listings,MLS#: 1672243
Facts & features
Property
Parking
- Parking features: Paved, 5 - 10 Spaces
Lot
- Size: 1.83 Acres
- Features: Near Turnpike/Interstate, Near Town, Level
Details
- Parcel number: PTLDM415BA002001
- Zoning: RN-1
Utilities & green energy
- Electric: No Electric
- Sewer: Septic Needed
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Tax assessed value: $116,300
- Annual tax amount: $1,746
- Date on market: 7/16/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$3,825/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Listed for sale | $275,000-23.6% |
Source:  Maine Listings #1672243 Report a problem | ||
| 8/12/2025 | Listing removed | $360,000 |
Source: Maine Listings #1614429 Report a problem | ||
| 6/15/2025 | Listed for sale | $360,000 |
Source: Maine Listings #1614429 Report a problem | ||
| 3/12/2025 | Pending sale | $360,000 |
Source: Maine Listings #1614429 Report a problem | ||
| 2/14/2025 | Listed for sale | $360,000+236.4% |
Source: Maine Listings #1614429 Report a problem | ||
| 8/19/2022 | Sold | $107,000-14.4% |
Source: Maine Listings #1524989 Report a problem | ||
| 4/17/2022 | Pending sale | $125,000-34.2% |
Source: Maine Listings #1524989 Report a problem | ||
| 8/12/2019 | Listing removed | $190,000 |
Source: Keller Williams Realty #1400628 Report a problem | ||
| 7/23/2019 | Listed for sale | $190,000-5% |
Source: Keller Williams Realty #1400628 Report a problem | ||
| 2/28/2019 | Listing removed | $199,900 |
Source: Keller Williams Realty #1400628 Report a problem | ||
| 2/12/2019 | Pending sale | $199,900 |
Source: Keller Williams Realty #1400628 Report a problem | ||
| 1/28/2019 | Price change | $199,900-16.7% |
Source: Keller Williams Realty #1400628 Report a problem | ||
| 12/12/2018 | Listed for sale | $239,900+45.4% |
Source: Keller Williams Realty #1400628 Report a problem | ||
| 6/3/2014 | Listing removed | $165,000 |
Source: Keller Williams - Greater Portland #1073245 Report a problem | ||
| 5/26/2013 | Listed for sale | $165,000 |
Source: E to P LLC, dba Keller Williams Realty #1073245 Report a problem | ||
| 5/24/2013 | Pending sale | $165,000 |
Source: Keller Williams - Greater Portland #1073245 Report a problem | ||
| 5/6/2013 | Listed for sale | $165,000 |
Source: E to P LLC, dba Keller Williams Realty #1073245 Report a problem | ||
| 4/25/2013 | Pending sale | $165,000 |
Source: Keller Williams - Greater Portland #1073245 Report a problem | ||
| 3/3/2013 | Listed for sale | $165,000 |
Source: Keller Williams - Greater Portland #1073245 Report a problem | ||
| 3/2/2013 | Pending sale | $165,000 |
Source: Keller Williams - Greater Portland #1073245 Report a problem | ||
| 12/8/2012 | Price change | $165,000-5.7% |
Source: Keller Williams - Greater Portland #1073245 Report a problem | ||
| 11/2/2012 | Listed for sale | $175,000-20.5% |
Source: Keller Williams - Greater Portland #1073245 Report a problem | ||
| 3/17/2012 | Listing removed | $220,000 |
Source: Better Homes and Gardens-The Masiello Group #947439 Report a problem | ||
| 10/1/2011 | Price change | $220,000-26.7% |
Source: Better Homes and Gardens-The Masiello Group #947439 Report a problem | ||
| 4/10/2010 | Listed for sale | $300,000 |
Source: NCI #947439 Report a problem | ||
| 3/6/2010 | Listing removed | $300,000 |
Source: Millett Realty Inc. #947439 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,676 | $116,300 |
| 2023 | $1,676 -64% | $116,300 -66% |
| 2022 | $4,660 +5.4% | $342,400 +80.6% |
| 2020 | $4,420 | $189,600 |
| 2019 | $4,420 +3.7% | $189,600 |
| 2018 | $4,262 +3.8% | $189,600 |
| 2017 | $4,105 +2.6% | $189,600 |
| 2016 | $4,002 +2.3% | $189,600 |
| 2015 | $3,911 +3.1% | $189,600 |
| 2014 | $3,792 +3% | $189,600 |
| 2013 | $3,680 -19.4% | $189,600 -21.8% |
| 2012 | $4,566 +3% | $242,600 |
| 2011 | $4,435 +3% | $242,600 |
| 2009 | $4,304 | $242,600 |
| 2008 | $4,304 +8.8% | $242,600 |
| 2006 | $3,957 | $242,600 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: North Deering
Nearby schools
GreatSchools rating
- 5/10Presumpscot SchoolGrades: PK-5Distance: 1.2 mi
- 4/10Lyman Moore Middle SchoolGrades: 6-8Distance: 1.4 mi
- 5/10Casco Bay High SchoolGrades: 9-12Distance: 1.7 mi
- $781,5004 bd2 ba2.3k sqft6 Ledgewood Dr, Portland, ME 04105Off Market
- $489,0003 bd2 ba1.2k sqft1038 Ocean Ave, Portland, ME 04103Sold
- $519,0002 bd2 ba1.2k sqft4 Ledgewood Dr, Portland, ME 04105Off Market
- $445,0002 bd2 ba1k sqft1050 Ocean Ave, Portland, ME 04103Sold
- $501,4002 bd2 ba1.6k sqft1062 Ocean Ave, Portland, ME 04103Off Market
- $1,032,6003 bd2 ba3.5k sqft4 Middle Rd, Falmouth, ME 04105Off Market
- $839,1004 bd3 ba2.7k sqft18 Ledgewood Dr, Portland, ME 04105Off Market
- $---- bd-- ba-- sqft18 Ledgewood Dr, Falmouth, ME 04105Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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