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  • $1,485,000

    481 Drakes Island Road, Wells, ME 04090

    4beds
    1,120sqft
    Single Family Residence
    Built in 1900
    10,018 Square Feet Lot
    $-- Zestimate®
    $1,326/sqft
    $2,610 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,610/mo

    Zestimate® history
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    What's special

    DRAKES ISLAND - Set back from the road under a stand of mature pines that gave the cottage its name, Pine Cottage has been in the same family since the 1930's. Just moments from the sandy shores of Drakes Island Beach, this inviting home captures the essence of Maine living with a bright front porch and sunroom, welcoming outdoor spaces, and easy access to the area's natural beauty. The home includes 4 bedrooms, 2 baths, and an oversized, surveyed lot with room for lawn games and expansion. Pine Cottage lives large with an open concept first floor plan, including a dining room that has hosted four generations of the same family. Built in 1900, the cottage is believed to be one of the original homes on Drakes Island, and at one point, served as the community house for the 1920's island colony. The Drakes Island Improvement Association offers recreational facilities including clubhouse, classes, day camp and tennis. Membership is optional at 200 per year. This charming coastal retreat delivers an exceptional location near beaches, nature preserves, local restaurants, and all that Wells and the Southern Maine coast provides. Enjoy morning walks by the ocean, relaxing afternoons on the deck, and breathtaking sunsets in one of Maine's most sought-after beach communities. A rare opportunity to own a piece of the Maine coast in a premier Wells location.

    Zillow last checked:

    Listing updated:

    Listed by:

    Coldwell Banker Yorke Realty

    Bought with:

    RE/MAX Realty One

    Source: Maine Listings,MLS#: 1666252MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Features: Closet, Vaulted Ceiling(s)
    • Level: Second
    Bedroom 2
    • Features: Closet
    • Level: Second
    Bedroom 3
    • Features: Closet
    • Level: Second
    Bedroom 4
    • Features: Closet
    • Level: Second
    Dining room
    • Features: Built-in Features, Dining Area
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Features: Gas Fireplace
    • Level: First
    Sunroom
    • Features: Four-Season, Heated
    • Level: First
    Heating
    • Direct Vent Heater
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
    Features
    • Flooring: Wood
    • Basement: Interior Entry,Dirt Floor,Crawl Space
    • Number of fireplaces: 1
    • Furnished: Yes
    Interior area
    • Total structure area: 1,120
    • Total interior livable area: 1,120 sqft
    • Finished area above ground: 1,120
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, 1 - 4 Spaces
    Features
    • Patio & porch: Deck, Glassed-in Porch
    • Has view: Yes
    • View description: Scenic
    Lot
    • Size: 10,018 Square Feet
    • Features: City Lot, Near Public Beach, Near Turnpike/Interstate, Level, Landscaped
    Details
    • Additional structures: Outbuilding
    • Parcel number: WLLSM142L4
    • Zoning: RD
    • Other equipment: Cable, Internet Access Available

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow,Cape Cod,Cottage
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame, Shingle Siding
    • Foundation: Block
    • Roof: Composition,Pitched,Shingle
    Condition
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Wells

    Financial & listing details

    • Price per square foot: $1,326/sqft
    • Tax assessed value: $1,636,860
    • Annual tax amount: $10,574
    • Date on market: 6/12/2026
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/14/2026Sold$1,485,000-7.1%$1,326/sqft
    Source: Maine Listings #1666252 Report a problem
    9/4/2026Pending sale$1,599,000$1,428/sqft
    Source: Maine Listings #1666252 Report a problem
    8/10/2026Contingent$1,599,000$1,428/sqft
    Source: Maine Listings #1666252 Report a problem
    7/14/2026Price change$1,599,000-11.1%$1,428/sqft
    Source: Maine Listings #1666252 Report a problem
    6/12/2026Listed for sale$1,799,000$1,606/sqft
    Source: Maine Listings #1666252 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$9,952 +2%$1,636,860
    2023$9,756 +30.7%$1,636,860 +129.3%
    2022$7,466 -0.3%$713,780 +0.3%
    2021$7,489 +0.4%$711,900
    2020$7,461 +0.6%$711,900 +0%
    2019$7,415 +1%$711,660
    2018$7,344 +1.6%$711,660
    2017$7,230 +1%$711,660
    2016$7,159 +1.1%$711,660
    2015$7,081 +9.1%$711,660
    2013$6,490 +10.7%$711,660 +4.8%
    2012$5,862 +0.1%$679,300 +0.1%
    2011$5,856 +3.6%$678,550
    2009$5,652 +1.3%$678,550
    2008$5,578 +89%$678,550 +81.3%
    2005$2,952 $374,180
    Find assessor info on the county website

    Neighborhood: 04090

    Nearby schools

    GreatSchools rating
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