Skip main navigation
Closed
  • $825,000

    489 Leisure Lane, Frye Island, ME 04071

    6beds
    1,440sqft
    Single Family Residence
    Built in 1980
    0.35 Acres Lot
    $825,300 Zestimate®
    $573/sqft
    $-- Estimated rent

    Owner options

    List your home for rent

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    Refinance and save

    $4,973/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $4,973/mo

    Est. payment

    What's special

    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 do. *Property is being sold as is where is.

    Zillow last checked: 8 hours ago

    Listing updated: October 18, 2025 at 07:03am

    Listed by:

    Sunset Lakes Real Estate

    Bought with:

    Signature Homes Real Estate Group, LLC

    Source: Maine Listings,MLS#: 1622842MLS Logo

    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: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
    Features
    • 1st Floor Primary Bedroom w/Bath, Shower
    • Flooring: Carpet, Laminate
    • 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

    Property

    Parking
    • Parking features: Gravel, 1 - 4 Spaces, On Site
    Features
    • Patio & porch: Deck
    • 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: Neighborhood, Open Lot, Rolling Slope
    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 Frame, Wood Siding
    • Foundation: Pillar/Post/Pier
    • Roof: Shingle
    Condition
    • Year built: 1980

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Private Sewer, Septic Design Available
    • Water: Public, Seasonal
    Green energy
    • Energy efficient items: Ceiling Fans

    Community & neighborhood

    Community
    • Community features: Clubhouse
    Location
    • Region: Raymond

    Other

    Other facts
    • Road surface type: Gravel