Spectacular Oceanfront Land
Exclusively Offered for $975,000
FEATURED PROPERTY
109 Reed Avenue
Peaks Island in Portland, Maine
Rarely does an opportunity like this come along. This private building site is located on Peaks Island and one of Casco Bay's most beloved islands. 109 Reed Avenue offers one of the last remaining direct waterfront lots on the island. The 0.92 acres of land consists of 458 ft of ocean frontage with a rocky beach on a protected cove that feels worlds away from the mainland, yet is just a short ferry ride from the heart of Portland.
Tucked at the end of a quiet gravel road, the property offers an elevated ridge with commanding views, a wooded grove for privacy, an open lawn, and a rocky beach on Josiah’s Cove. Watch lobster boats, ferries, and sailboats drift by from this serene setting.
The lot has been surveyed and perk tested, conservation land abuts the property ensuring lasting privacy. Whether you're dreaming of a full-time coastal residence or a summer retreat, this lot is one of the last chances to build something extraordinary on Peaks Island.
Property Highlights
0.92 acres
458 ft of ocean frontage on Josiah’s Cove
Abutting conservation land
Survey available
Public water (seasonal)
Septic design available
Build Your Dream Island Home
Building your dream home in here means waking up to salt air and stunning Casco Bay views.
Waterfront land on Peaks Island is rare and highly coveted, making it one of the most unique opportunities in all of coastal Maine. If you've ever dreamed of an island retreat you can truly call your own, this is where it begins.
Living on Peaks Island
Life on Peaks Island is something truly special. With a tight-knit year-round community, miles of shoreline trails, local restaurants, and a relaxed, unhurried pace of life, the island strikes a balance that's hard to find anywhere else.
Just a half-mile stroll from the property brings you to the Trefethen Evergreen Improvement Association (TEIA), a beloved Peaks Island institution for over 100 years, open to seasonal and year-round residents. Set directly on the shore of Casco Bay, TEIA offers tennis, pickleball, sailing, boating docks, youth camps, art classes, fitness, and a packed calendar of social and cultural events for all ages.
Trefethen Evergreen Improvement Association (TEIA)
Jones Wharf | Casco Bay Ferry Lines service
Peaks Island Services + Amenities
Located approximately 1.5 miles from the property is Jones Wharf which connects you to Casco Bay Lines ferry service and Portland's waterfront in just 20 minutes. Hannigan's Market keeps daily life well stocked, and the Inn on Peaks Island offers waterfront dining and luxury accommodations for visiting family and friends. There is also a quaint ice cream shop and bike/golf cart rentals available a short walk from the wharf.
As part of the City of Portland, Peaks Island enjoys its own elementary school, post office, library, and year-round community services. Portland's restaurants, arts scene, and amenities are just a 20-minute ferry ride away, making this the best of both worlds.
Points of Interest
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Casco Bay Lines runs frequent year-round ferry service between Portland and Peaks Island, making it one of the most reliable commuter routes in the islands. Crossings take about 15-20 minutes, and the schedule typically offers a dozen or more trips daily, with reduced frequency in the off-season. The ferries carry both passengers and vehicles (on select runs), serving a mix of year-round residents, seasonal homeowners, and visitors heading out for a day trip.
More details at cascobaylines.com
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The Inn on Peaks Island is located at 33 Island Ave, right where the ferry drops you off, making it one of the most visible and convenient lodging options on the island. The property offers eight spacious rooms with private balconies and views of Casco Bay and the Portland skyline. Beyond lodging, the Inn has a restaurant open to the public serving classic Maine dishes and is a popular venue for island weddings and events, with a banquet room and an outdoor party tent overlooking the bay.
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The Trefethen-Evergreen Improvement Association, known as TEIA, is a longtime social anchor on Peaks Island. It has been part of the Peaks Island community for more than 100 years, centered around a 1914-15 wood frame clubhouse originally built as the Dayburn Casino, one of the last historic civic and recreation buildings remaining on the island. Today TEIA offers tennis, pickleball, youth camps, sailing, boating, events, socials, and educational and cultural programs, with seasonal memberships running May through October. The clubhouse and grounds, which include tennis courts, a dock system, and a pickleball court, also can be rented for weddings during certain off-season weekends.
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Island Lobster Company is a true trap-to-table waterfront restaurant at 20 Island Ave, right by the ferry landing on Peaks Island. It's owned and run by a commercial lobstering family. Captain Thom Werner hauls in the daily catch and unloads it at the dock directly in front of the restaurant, while his wife Katie runs the front of house. The spot is known for its fantastic waterfront location, with outdoor seating offering expansive bay views and easy people-watching as ferries come and go, plus a broad menu with seafood rolls, burgers for non-lobster fans, and well-regarded onion rings. They also offer a traditional New England-style lobster bake, keeping things casual and fun rather than white-tablecloth.
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The Peaks Island Land Preserve (PILP) is a nonprofit land trust dedicated to conserving open space on the island, and today it protects more than 20% of Peaks Island's open land. It was founded in 1994 to preserve Battery Steele, a historic WWII-era military fortification on the island, and grew from there through purchases and donations, eventually managing over 140 acres across the island's various conservation parcels. PILP's network of trails offers opportunities for recreation, education, and an appreciation of the island's natural biodiversity, and the organization relies heavily on volunteers for monitoring its lands and revitalizing habitats by removing invasive species and planting natives.
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The Institute maintains a community profile of Peaks Island, noting it's a 762-acre neighborhood of Portland with a year-round community of over 900 people that swells to a few thousand in summer. Its work on the island includes placing fellows to help with projects like land-management strategies for the Peaks Island Land Preserve, along with Community Impact Fund grants supporting local efforts like the Peaks Environmental Action Team.
Get in Touch
If you're interested in viewing this property or have any questions, feel free to call or text me directly at 207-650-7158, or fill out the form below and I'll get back to you shortly.