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$1,599,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 1,120 Sq. Ft.
  • 0.23 Acres
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DRAKES ISLAND - Set back from the road under a stand of mature pines that gave the cottage its name, Pine Cottage has been in the same family since the 1930's. Just moments from the sandy shores of Drakes Island Beach, this inviting home captures the essence of Maine living with a bright front porch and sunroom, welcoming outdoor spaces, and easy access to the area's natural beauty. The home includes 4 bedrooms, 2 baths, and an oversized, surveyed lot with room for lawn games and expansion. Pine Cottage lives large with an open concept first floor plan, including a dining room that has hosted four generations of the same family. Built in 1900, the cottage is believed to be one of the original homes on Drakes Island, and at one point, served as the community house for the 1920's island colony. The Drakes Island Improvement Association offers recreational facilities including clubhouse, classes, day camp and tennis. Membership is optional at 200 per year. This charming coastal retreat delivers an exceptional location near beaches, nature preserves, local restaurants, and all that Wells and the Southern Maine coast provides. Enjoy morning walks by the ocean, relaxing afternoons on the deck, and breathtaking sunsets in one of Maine's most sought-after beach communities. A rare opportunity to own a piece of the Maine coast in a premier Wells location.

Full Property Details for 481 Drakes Island Rd

General

  • Price: $1,599,000
  • Taxes: $10,574 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MREIS
  • MLS ID: 1666252
  • Updated: 7/14/2026
  • Added to Site: 52 day(s) ago

Interior

  • Number of Rooms: 8
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Main Level

Additional Information

  • Equipment: Cable, Internet Access Available

Exterior

  • Porch/Patio/Deck: Deck, Glassed-in Porch

Parking

  • Parking Features: Gravel, 1 - 4 Spaces

Location

  • County: York

School Information

  • High School District: Wells-Ogunquit CSD

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall Unit(s)
  • Heating Type: Propane, Direct Vent Heater

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Bungalow, Cape Cod, Cottage
  • Construction: Wood Frame, Shingle Siding
  • Basement: Yes
  • Basement Desc.: Interior Entry, Dirt Floor, Crawlspace
  • Roof: Composition, Pitched, Shingle
  • Square Feet: 1,120
  • Sq. Ft. Source: Public Records
  • Finished Total: 1,120 Sq. Ft.
  • Finished Above Grnd: 1,120 Sq. Ft.
  • Year Built: 1900

Additional Structures

  • Other Structures: Outbuilding

Lot Features

  • Property View: Scenic
  • Lot Size (Acres): 0.23
  • Lot Size (Sq. Ft.): 10,018.8
  • Zoning: RD
  • Lot Description: Intown, Near Public Beach, Near Turnpike/Interstate, Level, Landscaped

Financial Considerations

  • Tax Amount: $10,574
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 4

Listed by Coldwell Banker Yorke Realty (207) 363-4300

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Listing agents

— 481 Drakes Island Rd —

  • Coldwell Banker Yorke Realty

    207-363-4300

  • Coldwell Banker Yorke Realty

    207-363-4300

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 481 Drakes Island Rd

School District:Wells-Ogunquit Community School District
NameGradesDistance
Wells Junior High School
1470 Post Road, Wells, ME 04090
5-81.6 mi
Wells Elementary School
276 Sanford Road, Wells, ME 04090
K-42.1 mi
Wells High School
200 Sanford Road, Wells, ME 04090
9-121.8 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 481 Drakes Island Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/14/2026
Price Reduced
$1,599,000
-11.12%
MLS
6/12/2026
Listed
$1,799,000
—
MLS
Get Price Alerts and Save Property
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 for 481 Drakes Island Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,574
6%
$1,636,860
—
2024
$9,952
2%
$1,636,860
—
2023
$9,756
31%
$1,636,860
129%
2022
$7,466
—
$713,780
—
2021
$7,489
—
$711,900
—
2020
$7,461
1%
$711,900
—
2019
$7,415
1%
$711,660
—
2018
$7,344
2%
$711,660
—
2017
$7,230
1%
$711,660
—
2016
$7,159
1%
$711,660
—
2015
$7,081
5%
$711,660
—
2014
$6,761
4%
$711,660
—
2013
$6,490
—
$711,660
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Coldwell Banker Yorke Realty (207) 363-4300

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481 Drakes Island Road, Wells, ME 04090 (MLS# 1666252) is a Single Family property with 4 bedrooms and 2 full bathrooms. 481 Drakes Island Road is currently listed for $1,599,000 and was received on June 12, 2026. Want to learn more about 481 Drakes Island Road? Do you have questions about finding other Single Family real estate for sale in Wells? You can browse all Wells real estate or contact a Coldwell Banker agent to request more information.

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