Whether you're seeking a peaceful island retreat or dreaming of full-time island living, this exceptional property on Peaks Island is a must-see! This unique spot features three buildings: a charming main house and two versatile outbuildings. One outbuilding is currently being used as a vibrant, insulated & electrified art studio, while the other holds endless possibilities as an insulated & electrified bunkhouse, woodworking shop, musician's retreat, or office. Step into the main house and discover a cozy living room on your left, complete with a Woodstock soapstone wood stove to keep you warm. To the right is the first-floor bedroom featuring newly installed, gorgeous hardwood flooring. Between the two rooms is a large, updated bathroom. Off the living room is an eat-in kitchen with a mudroom and a side entrance from that area. Upstairs are two rooms: a nice sized bedroom and another room, which could be another bedroom, office or second living room. The Studio has two rooms: 14x16 and 8x10 and was built to hook up to water and was wired to hook up to baseboard heat (or a propane rinnai which comes with the property). The Art Shed is 10x16 and beyond adorable. Special features include insulation upgrades, a woodstock soapstone woodstove and outdoor shower. The home is situated on a beautiful, wooded lot just a 20 minute walk from the ferry. You are surrounded by woods and preserve land and fantastic bird watching. You are close to the ball field, the island school, biking, swimming and the beach. Magical days and nights await. Imagine the lifestyle you could create here. Don't miss your chance to experience the magic of island living.
Active under contract
$725,000
4 Wiley Street, Portland, ME 04108
3beds
1,325sqft
Est.:
Single Family Residence
Built in 1950
0.62 Acres Lot
$684,000 Zestimate®
$547/sqft
$-- HOA
What's special
Beautiful wooded lotWood stoveInsulated and electrified bunkhouseVersatile outbuildingsEat-in kitchenOutdoor showerUpdated bathroom
- 70 days |
- 116 |
- 1 |
Zillow last checked: 8 hours ago
Listing updated: November 13, 2025 at 12:19pm
Listed by:
Portside Real Estate Group
Source: Maine Listings,MLS#: 1639764
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Features: Closet
- Level: First
Bedroom 2
- Features: Closet
- Level: Second
Bedroom 3
- Level: Second
Kitchen
- Features: Eat-in Kitchen, Pantry
- Level: First
Living room
- Features: Heat Stove
- Level: First
Heating
- Forced Air, Wood Stove
Cooling
- None
Appliances
- Included: Dryer, Gas Range, Refrigerator, Washer
Features
- 1st Floor Bedroom, Bathtub, One-Floor Living, Pantry, Shower
- Flooring: Tile, Wood
- Basement: Exterior Entry,Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 1,325
- Total interior livable area: 1,325 sqft
- Finished area above ground: 1,325
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, 1 - 4 Spaces, On Site
Features
- Levels: Multi/Split
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.62 Acres
- Features: Abuts Conservation, Near Public Beach, Level, Landscaped, Wooded
Details
- Additional structures: Outbuilding
- Parcel number: PTLDM087BD012001
- Zoning: IR-2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Wood Frame, Shingle Siding
- Roof: Other,Shingle
Condition
- Year built: 1950
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer
- Water: Public
Green energy
- Energy efficient items: Ceiling Fans
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $547/sqft
- Tax assessed value: $323,800
- Annual tax amount: $4,860
- Date on market: 10/3/2025
- Road surface type: Gravel
Estimated market value
$684,000
$650,000 - $718,000
$2,848/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2025 | Contingent | $725,000$547/sqft |
Source: | ||
| 10/3/2025 | Listed for sale | $725,000+4.3%$547/sqft |
Source: | ||
| 10/1/2025 | Listing removed | $695,000$525/sqft |
Source: | ||
| 9/17/2025 | Listed for sale | $695,000-5.4%$525/sqft |
Source: | ||
| 9/3/2025 | Contingent | $735,000$555/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,666 | $323,800 |
| 2023 | $4,666 +5.9% | $323,800 |
| 2022 | $4,407 -22.2% | $323,800 +33.2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,669/mo
Principal & interest
$2811
Property taxes
$604
Home insurance
$254
Climate risks
Neighborhood: Peaks Island
Nearby schools
GreatSchools rating
- 8/10Peaks Island SchoolGrades: PK-5Distance: 0.2 mi
- 2/10King Middle SchoolGrades: 6-8Distance: 4.1 mi
- 4/10Portland High SchoolGrades: 9-12Distance: 3.3 mi
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