About this home
Rarely does an opportunity like this come along. This private building site is located on Peaks Island, one of Casco Bay's most beloved islands. 109 Reed Avenue offers one of the last remaining direct waterfront lots on the island. The 0.92 acres of land consists of 458 ft of ocean frontage with a rocky beach on a protected cove that feels worlds away from the mainland, yet is just a short ferry ride from the heart of Portland. Tucked at the end of a quiet gravel road, the property offers an elevated ridge with commanding views, mature woodlands, and an open lawn with access to Josiah's Cove. Watch lobster boats, ferries, and sailboats drift by from this serene setting. The lot has been surveyed and perk tested, conservation land abuts the property ensuring lasting privacy. Whether you're dreaming of a full-time coastal residence or a summer retreat, this lot is one of the last chances to build something extraordinary on Peaks Island.
Listing last checked: Listing updated:
Listed by Listing Agent · Town & Shore Real Estate · MLS #1669026
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Details at a glance
Building1 property facts
- Style
- Other
Land & utilities5 property facts
- Lot size
- 0.92 acres
- Water
- Public
- Sewer
- Septic Needed
- Waterfront
- Y
- Zoning
- IR-1, shoreland
Financial2 property facts
- Annual taxes
- $6,685
- Assessment year
- 2024
Location
Estimated monthly cost
Explore costs at the $975,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$5,487 / monthAdjust
- Principal & interest
- $4,930
- Property tax
- $557
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $6,685. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 109 Reed Avenue
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Request a tour of 109 Reed Avenue and a Bean Group agent will help coordinate an available time with the listing side.
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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