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.
Active
$975,000
109 Reed Avenue, Portland, ME 04108
--beds
--baths
0.92Acres
Land
Built in ----
0.92 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Private building siteMature woodlands
- 8 days |
- 589 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Town & Shore Real Estate
Source: Maine Listings,MLS#: 1669026
Facts & features
Property
Parking
- Parking features: No Driveway, On Site
Features
- Has view: Yes
- View description: Scenic
- Body of water: Casco Bay
- Frontage length: Waterfrontage: 458,Waterfrontage Owned: 458
Lot
- Size: 0.92 Acres
- Features: Other, Level, Open Lot, Right of Way, Wooded
Details
- Parcel number: PTLDM091BP006001
- Zoning: IR-1, shoreland
Utilities & green energy
- Electric: On Site
- Sewer: Septic Needed, Soil Test Available
- Water: Public, Seasonal
Community & HOA
Location
- Region: Portland
Financial & listing details
- Tax assessed value: $445,400
- Annual tax amount: $6,685
- Date on market: 6/25/2026
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
$1,521/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Listed for sale | $975,000-18.8% |
Source: | ||
| 12/24/2025 | Listing removed | $1,200,000 |
Source: | ||
| 6/29/2025 | Listed for sale | $1,200,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,418 | $445,400 |
| 2023 | $6,418 +5.9% | $445,400 |
| 2022 | $6,062 -5.3% | $445,400 +62.3% |
| 2020 | $6,399 | $274,500 |
| 2019 | $6,399 +3.7% | $274,500 |
| 2018 | $6,171 +3.8% | $274,500 |
| 2017 | $5,943 +2.6% | $274,500 |
| 2016 | $5,795 +2.3% | $274,500 |
| 2015 | $5,663 +3.2% | $274,500 |
| 2014 | $5,490 +9.4% | $274,500 |
| 2011 | $5,018 | $274,500 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Peaks Island
Nearby schools
GreatSchools rating
- 8/10Peaks Island SchoolGrades: PK-5Distance: 1 mi
- 2/10King Middle SchoolGrades: 6-8Distance: 4.7 mi
- 4/10Portland High SchoolGrades: 9-12Distance: 3.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Cumberland County
- Portland
- 04108
- Peaks Island
- 109 Reed Avenue




