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.
Active
$945,000
489 Leisure Lane, Frye Island, ME 04071
6beds
1,440sqft
Est.:
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
- 40 days
- on Zillow |
- 1,313 |
- 70 |
Zillow last checked: 7 hours ago
Listing updated: May 15, 2025 at 10:08pm
Listed by:
Sunset Lakes Real Estate
Source: Maine Listings,MLS#: 1622842

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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