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  • $945,000

    489 Leisure Lane, Frye Island, ME 04071

    6beds
    1,440sqft
    : 
    Single Family Residence
    Built in 1980
    0.35 Acres Lot
    $-- Zestimate®
    $656/sqft
    $-- HOA

    What's special

    Sandy beachBreathtaking west-facing viewsPrivate boat dockOpen-concept great roomExpansive windows
    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.
    40 days
    on Zillow
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    70
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    Zillow last checked: 7 hours ago

    Listing updated: May 15, 2025 at 10:08pm

    Listed by:

    Sunset Lakes Real Estate

    Source: Maine Listings,MLS#: 1622842MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 489 Leisure Lane.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Features: Closet, Full Bath
    • Level: First
    Bedroom 1
    • Features: Closet
    • Level: First
    Bedroom 2
    • Level: First
    Bedroom 3
    • Level: First
    Bedroom 4
    • Level: First
    Bedroom 5
    • Level: First
    Kitchen
    • Features: Cathedral Ceiling(s), Eat-in Kitchen
    • Level: Second
    Living room
    • Features: Cathedral Ceiling(s)
    • Level: Second
    Heating
    • Baseboard
    Cooling
    • Heat Pump
    Appliances
    • Included: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
    • Laundry: Laundry - 1st Floor, Main Level
    Features
    • 1st Floor Primary Bedroom w/Bath, Shower
    • Flooring: Laminate, Carpet
    • Basement: None
    • Has fireplace: No
    • Furnished: Yes
    Interior area
    • Total structure area: 1,440
    • Total interior livable area: 1,440 sqft
    • Finished area above ground: 1,440
    • Finished area below ground: 0
    Video & virtual tour

    Property

    Parking
    • Parking features: 1 - 4 Spaces, Gravel, On Site
    Features
    • Patio & porch: Deck
    • Exterior features: Tennis Court(s)
    • Has view: Yes
    • View description: Scenic
    • Body of water: Sebago
    • Frontage length: Waterfrontage: 1075,Waterfrontage Owned: 75,Waterfrontage Shared: 1000
    Lot
    • Size: 0.35 Acres
    • Features: Rolling/Sloping, Open Lot, Neighborhood
    Details
    • Additional structures: Shed(s)
    • Parcel number: 489489LeisureLaneFryeIsland04071
    • Zoning: ShoreLand
    • Other equipment: Internet Access Available

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary,Cottage
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding, Wood Frame
    • Foundation: Pillar/Post/Pier
    • Roof: Shingle
    Condition
    • Year built: 1980

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Septic Tank, Private Sewer, Septic Design Available
    • Water: Public, Seasonal

    Community & HOA

    Community
    • Features: Clubhouse
    Location
    • Region: Raymond

    Financial & listing details

    • Price per square foot: $656/sqft
    • Annual tax amount: $7,464
    • Date on market: 5/16/2025
    • Road surface type: Gravel
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