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  • $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
    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.
    8 days
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    583
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    16
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    Zillow last checked:

    Listing updated:

    Listed by:

    Town & Shore Real Estate

    Source: Maine Listings,MLS#: 1669026MLS Logo

      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

        DateEventPrice
        6/25/2026Listed for sale$975,000-18.8%
        Source: Maine Listings #1669026 Report a problem
        12/24/2025Listing removed$1,200,000
        Source: Maine Listings #1628614 Report a problem
        6/29/2025Listed for sale$1,200,000
        Source: Maine Listings #1628614 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Getting around

        5 / 100
        Car-Dependent
        17 / 100
        Minimal Transit
        24 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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