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Active
    • Price cut: $200K (7/14)
    $1,599,000

    481 Drakes Island Road, Wells, ME 04090

    4beds
    1,120sqft
    : 
    $9,082/mo
    Get pre-qualified
    Single Family Residence
    Built in 1900
    10,018 Square Feet Lot
    $1,516,200 Zestimate®
    $1,428/sqft
    $-- HOA

    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.
    49 days
    |
    2,697
    |
    126
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Coldwell Banker Yorke Realty

    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: $1,428/sqft
      • Tax assessed value: $1,636,860
      • Annual tax amount: $10,574
      • Date on market: 6/12/2026
      • Road surface type: Paved

        Estimated market value

        $1,516,200

        $1.44M - $1.59M

        $3,116/mo

        Price history

        DateEventPrice
        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

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 04090

        Getting around

        7 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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