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$850,000
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Property Description
BLUE SHUTTER A cottage with personality plus. Formerly an ice cream store this island Landmark was transformed into a small but very functional living space. Renovated in the early 2000's it has just gotten better with each successive owner. Featuring an open floor design with galley kitchen and breakfast counter, dining area, living room, bath and 2 bedrooms upstairs. Surrounded by beautiful gardens and a fenced-in yard. Enjoy your family and friends while lounging in the side yard watching the shore birds and boats slip thru the passage. Better yet, a stairwell to the beach. Spend the day playing on the beach, taking a dip, going out for a paddle or simply sitting in your beach chair reading a book or taking a snooze. This waterfront gem has breathtaking water views of the Diamond Islands, Diamond Passage, Casco Bay and the Portland skyline with stunning sunsets setting over the harbor. The TEIA sailing/tennis club is just down the shore and you are also close to all island services. It really does not get any better than this. A rare opportunity to be the caretaker of Blue Shutter.
Full Property Details
Full Property Details for 562 Island Ave
General
- Price: $850,000
- Taxes: $9,661 (2026)
- Status: Active
- Type: Single Family
- Source: MREIS
- MLS ID: 1643776
- Updated: 11/17/2025
- Added to Site: 61 day(s) ago
Interior
- Number of Rooms: 5
- Interior Features: Shower
- Appliances: Washer, Refrigerator, Electric Range, Dryer
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Exterior
- Porch/Patio/Deck: Deck, Patio
Parking
- Parking Features: No Driveway, On-Site Parking
Location
- County: Cumberland
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Baseboard
Utilities
- Water: Public
Structural Information
- Architectural Style: Cottage
- Construction: Clapboard, Wood Frame
- Roof: Shingle
- Building Size: 750
- Square Feet: 750
- Sq. Ft. Source: Other
- Living Area: 750 Sq. Ft.
- Finished Total: 750 Sq. Ft.
- Finished Above Grnd: 750 Sq. Ft.
- Year Built: 1920
Lot Features
- Property View: Scenic
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,712
- Lot Size Source: Public Records
- Zoning: I-B
- Lot Description: Well Landscaped, Rolling/Sloping, Near Golf Course, Neighborhood
- Fencing (Description): Fenced
Water Features
- Water Front: Yes
Financial Considerations
- Tax Amount: $9,661.87
- Tax Year: 2026
Disclosures and Reports
- Block: A
- Lot Number: 19
Listed by Portside Real Estate Group (207) 536-4222
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Schools
Schools serving 562 Island Ave
School District:Portland
| Name | Grades | Distance |
|---|---|---|
Peaks Island School 4 Church AV, Portland, ME 04108 | K-5 | 0.7 mi |
King Middle School 92 Deering Avenue, Portland, ME 04102 | 6-8 | 4.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 562 Island Ave
Date
Details
Price
Change
Source
11/17/2025
Listed
$850,000
—
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 562 Island Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,033
4%
$535,200
—
2023
$7,712
6%
$535,200
—
2022
$7,284
5%
$535,200
—
2021
$6,952
-17%
$535,200
49%
2020
$8,354
—
$358,400
—
2019
$8,354
4%
$358,400
—
2018
$8,057
4%
$358,400
—
2017
$7,759
3%
$358,400
—
2016
$7,566
2%
$358,400
—
2015
$7,394
3%
$358,400
—
2014
$7,168
3%
$358,400
—
2013
$6,957
—
$358,400
—
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 562 Island Ave
562 Island Avenue, Portland, ME 04108 (MLS# 1643776) is a Single Family property with 2 bedrooms and 1 full bathroom. 562 Island Avenue is currently listed for $850,000 and was received on November 17, 2025. Want to learn more about 562 Island Avenue? Do you have questions about finding other Single Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

