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$975,000 Just Listed
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Property Description
Rarely does an opportunity like this come along. This private building site is located on Peaks Island, 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, mature woodlands, and an open lawn with access to 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.
Full Property Details
Full Property Details for 109 Reed Ave
General
- Price: $975,000
- Taxes: $6,685 (2024)
- Status: Active
- Type: Lots/Land
- Source: MREIS
- MLS ID: 1669026
- Updated: Today (6/25/2026)
- Added to Site: Today
Parking
- Parking Features: No Driveway, On-Site Parking
Location
- County: Cumberland
Community
- Pets Allowed: Yes
Utilities
- Sewer: Septic Needed, Soil Test Available
- Water: Public, Seasonal
Lot Features
- Property View: Scenic
- Lot Size (Acres): 0.92
- Lot Size (Sq. Ft.): 40,075.2
- Development Status: Raw Land
- Zoning: IR-1, shoreland
- Lot Description: Other, Level, Open Lot, Right of Way, Wooded
Water Features
- Water Front: Yes
- Water Front Name: Casco Bay
Financial Considerations
- Tax Amount: $6,685
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 69
Listed by Town & Shore Real Estate (207) 773-0262
Get Pre-Approved Today
Schools
Schools serving 109 Reed Ave
School District:Portland
| Name | Grades | Distance |
|---|---|---|
Peaks Island School 4 Church AV, Portland, ME 04108 | K-5 | 0.9 mi |
Howard C Reiche Community School 166 Brackett Street, Portland, ME 04102 | K-5 | 4.4 mi |
Deering High School 370 Stevens Avenue, Portland, ME 04103 | 9-12 | 5.7 mi |
Casco Bay High School 196 Allen Avenue, Portland, ME 04103 | 9-12 | 5.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 109 Reed Ave
Date
Details
Price
Change
Source
6/25/2026
Listed
$975,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 109 Reed Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,069
21%
$673,500
51%
2024
$6,685
4%
$445,400
—
2023
$6,418
6%
$445,400
—
2022
$6,062
5%
$445,400
—
2021
$5,786
-10%
$445,400
62%
2020
$6,399
—
$274,500
—
2019
$6,399
4%
$274,500
—
2018
$6,171
4%
$274,500
—
2017
$5,943
3%
$274,500
—
2016
$5,795
2%
$274,500
—
2015
$5,663
3%
$274,500
—
2014
$5,490
3%
$274,500
—
2013
$5,328
—
$274,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 109 Reed Ave
109 Reed Avenue, Portland, ME 04108 (MLS# 1669026) is a Lots/Land property with a lot size of 0.92 acres. 109 Reed Avenue is currently listed for $975,000 and was received on June 25, 2026. Want to learn more about 109 Reed Avenue? Do you have questions about finding other Lots/Land real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

