What a special find! Gorgeous, year round Peaks Island bungalow that is only .4 miles from the ferry terminal! Come experience the true magic that island living offers in this stunning, roomy 3 bedroom, 1.5 bath home. With 2nd floor peekaboo water views, conservation land across the street for ultimate tranquility, a large deck, and a nice fenced in backyard, this is a spot many dream of. Sellers have made many updates including installing heat pumps, updating the paint throughout, and extensive updates to the basement with potential for adding more finished square footage. Located in the most convenient location on a quiet road, it's only a 5 minute walk to the beach, or a 7 minute walk to the ferry/grocery store/restaurants. This is an incredibly unique opportunity to own such a beautiful piece of history on one of the most coveted islands in Maine. To view a full video walk through tour, head over to YouTube and type in the property address. Thanks for viewing!
Closed
$735,000
31 Elizabeth Street, Portland, ME 04108
3beds
1,584sqft
Single Family Residence
Built in 1915
5,227.2 Square Feet Lot
$814,500 Zestimate®
$464/sqft
$2,542 Estimated rent
Home value
$814,500
$774,000 - $855,000
$2,542/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 26, 2024 at 07:36pm
Listed by:
U&R Real Estate
Bought with:
Bean Group
Source: Maine Listings,MLS#: 1569004
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Level: Second
Bedroom 2
- Level: Second
Bedroom 3
- Level: Second
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Office
- Level: First
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Dryer, Microwave, Gas Range, Refrigerator, Washer
Features
- Flooring: Tile, Wood
- Basement: Interior Entry,Full,Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 1,584
- Total interior livable area: 1,584 sqft
- Finished area above ground: 1,584
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, 1 - 4 Spaces
Features
- Patio & porch: Deck, Porch
- Has view: Yes
- View description: Scenic
- Body of water: Atlantic Ocean, Casco Bay
Lot
- Size: 5,227 sqft
- Features: Near Public Beach, Near Town, Neighborhood, Landscaped
Details
- Parcel number: PTLDM087BZ028001
- Zoning: IR2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow,Dutch Colonial,New Englander
- Property subtype: Single Family Residence
Materials
- Wood Frame, Wood Siding
- Roof: Shingle
Condition
- Year built: 1915
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2025 | Listing removed | $845,000$533/sqft |
Source:  Maine Listings #1639139 | ||
| 10/26/2025 | Price change | $845,000-0.5%$533/sqft |
Source: Maine Listings #1639139 | ||
| 10/7/2025 | Listed for sale | $849,000$536/sqft |
Source: Maine Listings #1639139 | ||
| 10/7/2025 | Pending sale | $849,000$536/sqft |
Source: Maine Listings #1639139 | ||
| 9/29/2025 | Listed for sale | $849,000+15.5%$536/sqft |
Source: Maine Listings #1639139 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,433 | $446,400 |
| 2023 | $6,433 +6.4% | $446,400 +0.5% |
| 2022 | $6,046 -11.9% | $444,200 +50.8% |
Find assessor info on the county website
Neighborhood: Peaks Island
Nearby schools
GreatSchools rating
- 8/10Peaks Island SchoolGrades: PK-5Distance: 0.1 mi
- 2/10King Middle SchoolGrades: 6-8Distance: 3.9 mi
- 4/10Portland High SchoolGrades: 9-12Distance: 3.1 mi
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