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

Overview

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 ...

Listing Details MLS# 1480441

Location Information

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

Contract Information

Original List Price
2095000
List Price/Acre
185891.75

Property Information

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

Status Change Info

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

Water Info

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

Utilities

Utilities On
No

More Information

Site

Corner Lot
Yes
Open
Yes
Rolling/Sloping
Yes
Well Landscaped
Yes

Location

Abuts Conservation
Yes
Neighborhood
Yes

Roads

Other Road
Yes

Source of Water Frontage

Deed
Yes

Water Body Type

Ocean
Yes

Recreational Water

Beach Rights
Yes
Deeded
Yes
Oceanfront
Yes

Electric

On Site
Yes

Gas

Other Gas
Yes

Sewer

None
Yes
Unknown
Yes

Water

None
Yes
Well Needed on Site
Yes

Driveway

Other
Yes

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

Documents

IDX
Listing Office: RE/MAX By The Bay
Selling Office: TAP Realty Solutions
Last Updated: January - 06 - 2025
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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