489 Leisure Lane
Frye Island, ME 04071
Map
- 6 beds
- 2 baths
- 1,440 sqft
- 15,246 sqft lot
- $656 per sqft
- 1980 build
- – on site
Stunning Waterfront Cottage on Sebago Lake - Fully Furnished, Prime Rental Income! Experience lakeside living at its finest with this exceptional 6-bedroom, 2-bathroom cottage located directly on the shores of Sebago Lake. Boasting a sandy beach, private boat dock, and mooring, this reverse-design home offers breathtaking west-facing views and unforgettable sunsets over the White Mountains. The first floor features six comfortable bedrooms and two full baths, perfect for accommodating family and guests. Upstairs, a spacious open-concept great room combines the kitchen, dining, and living areas, all overlooking the sparkling lake through expansive windows. Ideal as a vacation home or an investment property, this cottage has a proven track record as a premium summer rental—fully booked from late June through mid-September at $5,000 per week. The home is being sold completely furnished, so you can start enjoying or renting it immediately. Located on beautiful Frye Island, you'll also enjoy access to a wealth of community amenities including: 15 sandy beaches Marinas Community center and playground Tennis, basketball, and 6 pickleball courts Swimming pool and community garden 9-hole golf course with driving range On-island café, general store, gift shop, and ice cream stand Don't miss this rare opportunity to own a turnkey lakefront property with incredible views, strong rental income, come, (the 2024 season had $57,620 in rentals and $51,000 in bookings for 2025 so far), and access to everything Frye Island has to offer.
Last checked:
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Checking…
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Last updated May 16, 2025
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MLS# 1622842 —
The Building
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Year Built:1980
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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:Deck
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Building Area Total:1440.0
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Building Area Source:Public Records
Interior
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Furnished:Furnished
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Rooms Total:8
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Kitchen:true
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Fireplace:false
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Fireplace Features:None
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Flooring:Laminate, Carpet
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:Rolling/Sloping, Open, Neighborhood
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Lot Size:15,246 Sqft
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Lot Size Area:0.35
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Lot Size Acres:0.35
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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:ShoreLand
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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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Exterior Features:Tennis Court(s)
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Waterfront:true
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Road Surface Type:Gravel
Listing Agent
- Contact info:
- Agent phone:
- (207) 841-5602
- Office phone:
- (207) 655-2139
Taxes
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Tax Year:2025
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Tax Annual Amount:$7,464.60
Beds
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Bedrooms Total:6
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/1622842
Heating & Cooling
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Heating:Baseboard
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Heating:true
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Cooling:true
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Cooling:Heat Pump, A/C Units, Multi Units
Utilities
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Electric:Circuit Breakers
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Sewer:Septic Tank, Private Sewer, Septic Design Available
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Water Source:Public, Seasonal
Appliances
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Appliances:Washer, Refrigerator, Microwave, Electric Range, Dryer, 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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Water Body Name:Sebago
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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:false
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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
Extra Units
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Other Structures:Shed(s)
Monthly cost estimate
Asking price
$945,000
| 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. |
$5,060
|
| Taxes | $622 |
| Insurance | $259 |
| Utilities | $362 See report |
| Total | $6,303/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).
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 |
|---|---|---|---|---|
|
5/15/25
May 15, 2025
|
Listed / Active | MREIS | $945,000 | |
|
7/22/24
Jul 22, 2024
|
Price Changed | MREIS | ||
|
5/16/24
May 16, 2024
|
Listed / Active | MREIS |
