397 Island Avenue
Portland, ME 04108
Map
- 3 beds
- 2 baths
- 1,755 sqft
- ~1/2 acre lot
- $568 per sqft
- 2019 build
- – on site
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
Last checked:
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Last updated Jun 2, 2025
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MLS# 1624586 —
The Building
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Year Built:2019
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Construction Materials:Wood Siding, Wood Frame
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Roof:Shingle
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Basement:None, Not Applicable
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Direction Faces:None
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Building Features:None
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Patio And Porch Features:Porch
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Building Area Total:1755.0
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Building Area Source:Public Records
Interior
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Furnished:Furnished
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Rooms Total:6
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Kitchen:true
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Fireplace:false
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Fireplace Features:None
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Flooring:Wood
Room Dimensions
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Living Area:None
Financial & Terms
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Land Lease:false
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Rent Includes:None
Location
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Directions:None
The Property
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Lot Features:Level, Near Public Beach
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Lot Size:19,602 Sqft
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Lot Size Area:0.45
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Lot Size Acres:0.45
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Lot Size Units:Acres
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Lot Size Source:Public Records
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Lot Size Dimensions:None
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Zoning:IR-2
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Property Attached:No
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View:Scenic
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Current Use:None
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Possible Use:None
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Topography:None
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Waterfront:false
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Road Surface Type:Gravel, Paved
Listing Agent
- Contact info:
- Agent phone:
- (207) 899-9567
- Office phone:
- (207) 536-4222
Taxes
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Tax Year:2024
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Tax Annual Amount:$7,106
Beds
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Bedrooms Total:3
Baths
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Full Baths:2
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Three Quarter Baths:None
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Partial Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/mreis/1624586
Heating & Cooling
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Heating:No Heat System
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Heating:true
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Cooling:false
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Cooling:None
Utilities
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Electric:Circuit Breakers
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Sewer:Public Sewer
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Water Source:Public, Seasonal
Appliances
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Appliances:Washer, Refrigerator, Microwave, Gas Range, Dryer, Disposal, Dishwasher
Schools
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Elementary School:None
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Middle Or Junior School:None
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High School:None
The Community
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Spa Features:None
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Pool Private:No
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Pets Allowed:No Restrictions
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Association Amenities:None
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Association Fee Includes:None
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Association:false
Parking
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Garage:true
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Attached Garage:false
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Carport Spaces:None
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Parking Features:1 - 4 Spaces, Gravel, On Site, Off Street
Monthly cost estimate
Asking price
$998,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$5,343
|
| Taxes | $592 |
| Insurance | $274 |
| Utilities | $243 See report |
| Total | $6,452/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/30/25
May 30, 2025
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Listed / Active | MREIS | $998,000 | 291.4% (39.9% / YR) |
|
2/9/18
Feb 9, 2018
|
MREIS | $255,000 |
