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$825,000
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Property Description
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 do. *Property is being sold as is where is.
Full Property Details
Full Property Details for 489 Leisure Ln
General
- Sold For: $825,000
- Taxes: $7,464 (2025)
- Status: Closed
- Type: Single Family
- Source: MREIS
- MLS ID: 1622842
- Added to Site: 245 day(s) ago
Rental Information
- Complex Features: Clubhouse
Interior
- Number of Rooms: 8
- Interior Features: 1st Floor Primary Bedroom w/Bath, Shower
- Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
- Flooring: Laminate, Carpet
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Laundry - 1st Floor, Main Level
Additional Information
- Equipment: Internet Access Available
Exterior
- Exterior Features: Tennis Court(s)
- Porch/Patio/Deck: Deck
Parking
- Parking Features: 1 - 4 Spaces, Gravel, On-Site Parking
Location
- County: Cumberland
Community
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s), Heat Pump
- Heating Type: Baseboard
Utilities
- Sewer: Septic Tank, Private Sewer, Septic Design Available
- Water: Public, Seasonal
Structural Information
- Architectural Style: Contemporary, Cottage
- Construction: Wood Siding, Wood Frame
- Roof: Shingle
- Building Size: 1440
- Square Feet: 1,440
- Sq. Ft. Source: Public Records
- Living Area: 1,440 Sq. Ft.
- Finished Total: 1,440 Sq. Ft.
- Finished Above Grnd: 1,440 Sq. Ft.
- Year Built: 1980
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Property View: Scenic
- Lot Size (Acres): 0.35
- Lot Size (Sq. Ft.): 15,246
- Lot Size Source: Public Records
- Zoning: ShoreLand
- Lot Description: Rolling/Sloping, Open, Neighborhood
Water Features
- Water Front: Yes
Financial Considerations
- Tax Amount: $7,464.6
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 272
Listed by Sunset Lakes Real Estate (207) 655-2139
Sold by Signature Homes Real Estate Group, LLC (207) 885-0500
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Schools
Schools serving 489 Leisure Ln
School District:School Administrative District 06
| Name | Grades | Distance |
|---|---|---|
Bonny Eagle High School 700 Saco Road, Standish, ME 04084 | 9-12 | 10 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 489 Leisure Ln
Date
Details
Price
Change
Source
10/17/2025
Sold
$825,000
-8.23%
MLS
8/12/2025
Price Reduced
$899,000
-2.81%
MLS
7/15/2025
Price Reduced
$925,000
-2.12%
MLS
5/15/2025
Listed
$945,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
489 Leisure Lane, Frye Island, ME 04071 (MLS# 1622842) is a Single Family property that was sold at $825,000 on October 17, 2025. Want to learn more about 489 Leisure Lane? Do you have questions about finding other Single Family real estate for sale in Frye Island? You can browse all Frye Island real estate or contact a Coldwell Banker agent to request more information.
