295 Island Avenue, Long Island, ME 04050

$1,207,500
Property Type: Land Lot Size (sq. ft.): 490,921 Status: Closed
Current Price: $1,207,500 List Date: 1/22/2021 Last Modified: 1/06/2025

Description

One-of-a-kind opportunity in the heart of Casco Bay to own 5.36 acres of land with structures and 5.91 acres of SUBMERGED LAND. Boasting breathtaking daytime views and stunning sunsets, this property is comprised of three contiguous tax lots on the west end of Long Island. The waterfront lot features approximately 2.35 acres with 750' shore frontage, a 110' wharf on pilings, and a 435' stone breakwater. Set on 3.01 acres, the upland lot offers sweeping views of Casco Bay with an 11,000 SF, 2 story building formerly used as navy barracks . The submerged land lot, known as 'the small boat pool' by the Navy, is approximately 5.91 acres between the breakwater and the shoreline and provides ample opportunity to further develop the existing wharf as well as potential uses for a marina, aquaculture site or other development. Just minutes from the public ferry and water taxi dock, this spectacular property is graced with the beauty and serenity of island life while being a short boat ride from the lively Portland waterfront.

Supplements: ********

More Information MLS# 1480441

Location Information

Book: 8733 Page: 229 Map: 97a2 Lot: 301,501,538 Zoning Overlay: Unknown Association: No Street #: 295 Street Name: Island Street Type: Avenue County: Cumberland Town: Long Island State/Province: ME Zip Code: 04050 Zip +4: 3401 Zoning: IB-1 Full Tax Amount $: 7137 Tax Year: 2019 Geo Lat: 43.68916 Geo Lon: -70.166554

Contract Information

List Price/Acre: 185891.75 Status: Closed Original List Price: 2095000 Sold Price: $1,207,500 Current Price: $1,207,500

Property Information

Surveyed: Yes Seasonal: No Mobile Homes Allowed: Unknown Lot Size Acres +/-: 11.27 Road Frontage: No Source of Acreage: Public Records

Site

Corner Lot: 1 Open: 1 Rolling/Sloping: 1 Well Landscaped: 1

Location

Abuts Conservation: 1 Neighborhood: 1

Roads

Other Road: 1

Water Info

Water Frontage: Yes Waterfront Amount: 750 Water Frontage Owned: 750 Water Frontage Shared: 0 Water View: Yes Water Body Name: Atlantic Ocean Island: Yes

Source of Water Frontage

Deed: 1

Water Body Type

Ocean: 1

Recreational Water

Beach Rights: 1 Deeded: 1 Oceanfront: 1

Electric

On Site: 1

Utilities

Utilities On: No

Gas

Other Gas: 1

Sewer

None: 1 Unknown: 1

Water

None: 1 Well Needed on Site: 1

Driveway

Other: 1

Status Change Info

Pending Date: 2021-05-06 Closed Date: 2021-06-11 Closed Price: 1207500

Property Features

Site: Corner Lot; Open; Rolling/Sloping; Well Landscaped Location: Abuts Conservation; Neighborhood Roads: Other Road Source of Water Frontage: Deed Water Body Type: Ocean Recreational Water: Beach Rights; Deeded; Oceanfront Driveway: Other Electric: On Site Gas: Other Gas Sewer: None; Unknown Water: None; Well Needed on Site
Listing Office: RE/MAX By The Bay
IDX
Last Updated: January - 06 - 2025
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