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  • $920,000

    397 Island Avenue, Portland, ME 04108

    3beds
    1,755sqft
    Single Family Residence
    Built in 2019
    0.45 Acres Lot
    $934,600 Zestimate®
    $524/sqft
    $3,896 Estimated rent

    Home value

    $934,600

    $860,000 - $1.01M

    $3,896/mo

    Zestimate® history
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    What's special

    Cheerful placeLevel sunny oversized yardQuality materialsGrassy lotWelcoming front porchSitting areasBuilt-in bunk beds
    Carefree enjoyment on southern Maine's most popular island! Authentic Maine cottage design meets refined elegance in this gorgeous Peaks Island summer home. Built in 2019 by a highly regarded craftsman, this stunning 3 Bedroom, 2 Bath home is a beautifully furnished* coastal retreat. With its vaulted ceilings, painted white framing, welcoming front porch, and quality materials, the cottage is spacious and inviting. Designed with impressive attention to detail, the interior makes good use of every inch. From the 1st floor BR, to the built-in bunk beds, to sitting areas, to the cook's kitchen, the cottage features amenities not commonly found in seasonal homes. The interior is a cheerful place to read, unwind, gather, cook, or puzzle/play games. Beauty flows outdoors where a level, sunny, oversized yard awaits. The grassy lot holds possibilities as does the garage (studio/playhouse/workshop). Perfect place for barbecues, badminton and entertainment. Low-maintenance landscaping compliments the island getaway experience. Perched above the road, the location is close to beaches and the famed TEIA club (social events, sailing, tennis, enrichment). The cottage is less than a mile to the bustling village/ferry landing. The 3.9 mile island loop offers daily adventure on foot or bicycle! A pleasant 15-minute ferry ride will transport you to the vibrant City of Portland where you'll enjoy world-class cuisine, nightlife, arts & entertainment, and shopping. Property is served by public water & sewer and has off-street parking. *some exclusions apply

    Zillow last checked:

    Listing updated:

    Listed by:

    Portside Real Estate Group

    Bought with:

    Non MREIS Agency

    Source: Maine Listings,MLS#: 1624586MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Bedroom 1
    • Features: Closet, Vaulted Ceiling(s)
    • Level: First
    Bedroom 2
    • Features: Closet
    • Level: Second
    Bedroom 3
    • Features: Built-in Features
    • Level: Second
    Dining room
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Level: First
    Heating
    • None
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Gas Range, Refrigerator, Washer
    Features
    • 1st Floor Bedroom, Shower
    • Flooring: Wood
    • Basement: None
    • Has fireplace: No
    • Furnished: Yes
    Interior area
    • Total structure area: 1,755
    • Total interior livable area: 1,755 sqft
    • Finished area above ground: 1,755
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, 1 - 4 Spaces, On Site, Off Street
    • Has garage: Yes
    Features
    • Patio & porch: Porch
    • Has view: Yes
    • View description: Scenic
    Lot
    • Size: 0.45 Acres
    • Features: Near Public Beach, Level
    Details
    • Parcel number: PTLDM090BO008001
    • Zoning: IR-2

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame, Wood Siding
    • Foundation: Pillar/Post/Pier
    • Roof: Shingle
    Condition
    • Year built: 2019

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public, Seasonal
    Green energy
    • Energy efficient items: Ceiling Fans
    • Water conservation: Whole House Fan

    Community & neighborhood

    Location
    • Region: Portland

    Other

    Other facts
    • Road surface type: Gravel, Paved

    Price history

    DateEventPrice
    8/11/2025Sold$920,000-2.6%$524/sqft
    Source: Maine Listings #1624586 Report a problem
    7/8/2025Pending sale$945,000$538/sqft
    Source: Maine Listings #1624586 Report a problem
    6/26/2025Contingent$945,000$538/sqft
    Source: Maine Listings #1624586 Report a problem
    6/23/2025Price change$945,000-5.3%$538/sqft
    Source: Maine Listings #1624586 Report a problem
    5/30/2025Listed for sale$998,000+291.4%$569/sqft
    Source: Maine Listings #1624586 Report a problem
    2/9/2018Sold$255,000-17.7%$145/sqft
    Source: Maine Listings #1328128 Report a problem
    12/22/2017Pending sale$309,900$177/sqft
    Source: Keller Williams Realty #1328128 Report a problem
    10/4/2017Listed for sale$309,900+3.6%$177/sqft
    Source: Keller Williams Realty #1328128 Report a problem
    1/19/2017Listing removed$299,000$170/sqft
    Source: Port Island Realty #1290062 Report a problem
    12/22/2016Listed for sale$299,000$170/sqft
    Source: Port Island Realty #1290062 Report a problem
    12/22/2016Pending sale$299,000$170/sqft
    Source: Port Island Realty #1290062 Report a problem
    12/2/2016Listed for sale$299,000+10.8%$170/sqft
    Source: Port Island Realty #1290062 Report a problem
    5/1/2011Listing removed$269,900$154/sqft
    Source: Vflyer Homes #54479 Report a problem
    2/19/2011Listed for sale$269,900-17%$154/sqft
    Source: Vflyer #54479 Report a problem
    8/11/2010Listing removed$325,000$185/sqft
    Source: Harborview Properties #923668 Report a problem
    6/11/2010Listed for sale$325,000$185/sqft
    Source: Harborview Properties #923668 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$6,822 $473,400
    2023$6,822 +5.9%$473,400
    2022$6,443 -12.5%$473,400 +49.9%
    2020$7,361 +7.2%$315,800 +7.2%
    2019$6,867 +30.2%$294,600 +25.5%
    2018$5,276 -17.2%$234,700 -20.3%
    2017$6,372 +2.6%$294,300
    2016$6,213 +2.3%$294,300
    2015$6,071 +3.1%$294,300
    2014$5,886 +3%$294,300
    2013$5,712 +3.1%$294,300
    2012$5,539 +3%$294,300
    2011$5,380 +3%$294,300
    2009$5,221 $294,300
    2008$5,221 $294,300

    Find assessor info on the county website

    Neighborhood: Peaks Island

    Nearby schools

    GreatSchools rating
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