109 Reed Ave

Portland, ME 04108

$1,200,000
Price
40,075 / 0.92
Lot Size / Acres
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Description

Build your island dream home at Josiah's Cove! Unique chance to own direct waterfront property on Peaks Island. Located at the end of a quiet, gravel road, the .92-acre lot features an elevated ridge, a wooded grove, a grassy lawn and an accessible, rocky beach. Nestled among esteemed properties, the lot is further enhanced by abutting conservation land. It has been recently surveyed and perk tested. Watch the lobster boats, ferries and leisure boats from your own slice of heaven. Enjoy the tranquility...Build your island dream home at Josiah's Cove! Unique chance to own direct waterfront property on Peaks Island. Located at the end of a quiet, gravel road, the .92-acre lot features an elevated ridge, a wooded grove, a grassy lawn and an accessible, rocky beach. Nestled among esteemed properties, the lot is further enhanced by abutting conservation land. It has been recently surveyed and perk tested. Watch the lobster boats, ferries and leisure boats from your own slice of heaven. Enjoy the tranquility of the quiet cove, surrounded by the sounds of the surf, or stroll to TEIA for lively social events, tennis, and educational/creative programs. Southern Maine's most sought-after island is close to Portland's vibrant Old Port. Dock-to-dock transportation via ferry affords convenient access to shopping, galleries, and exceptional dining.
  1. Listed by Susan Lessard • Portside Real Estate Group

Property Details for 109 Reed Avenue

Waterfront
Yes
Zoning
IR-1, shoreland
View
Scenic
LISTING UPDATED: 09/29/2025 10:00 AM

Property Details for 109 Reed Avenue

StatusActive
MLS #1628614
Days on Market165
Taxes$6,685 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.92 AC
CountyCumberland County

Location

Listing Courtesy of Portside Real Estate Group
Add your commute

Building Information for 109 Reed Avenue

Lot Size0.92 AC

Payment Calculator

$6,487 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,930

Property Taxes

$557

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 109 Reed Avenue

Summary
Location and General Information
  • Road Surface Type: Gravel
  • Water Body Name: Casco Bay
  • Zip Code: 1542
  • Directions: Seashore to Reed Avenue
  • Town: Portland
  • State/Province: ME
  • Zip Code: 04108
  • County: Cumberland
  • Geo Latitude: 43.670613
  • Geo Longitude: -70.182572
  • Tax Lot: 6,9
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Right of Way: Yes
  • Site:Wooded: Yes
  • Location:Other Location: Yes
  • Water Info:Waterfront Amount +: 458.00
  • Water Info:Water Frontage Owned: 458.00
  • Water Info:Water Frontage Shared: .00
  • Source of Water Frontage:Survey: Yes
Parking
  • Parking Features: No Driveway, On Site
Taxes and HOA Information
  • Tax Book Number: 6395
  • Tax Map Number: 91
  • Tax Year: 2024
  • Parcel Number: PTLD-000091-P000006-000001
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $6,685.00
  • Restrictions:No Restrictions: Yes
Virtual Tour
Property
Lot Information
  • Lot Size Acres: 0.92
  • Source of Acreage: Survey
  • Lot Size Area: 0.92
  • Lot Size Units: Acres
  • Lot Size Square Feet: 40075.2
  • Street Number: 109
  • Property Information:Surveyed: Yes
  • Property Information:Seasonal: Unknown
  • Property Information:Mobile Homes Allowed: No
Parking
  • Driveway:No Driveway: Yes
Property and Assessments
  • Sign on Property: Yes
  • Property Type: Land
  • Property Type Label: Land
Utilities
  • Electric: On Site
  • Sewer: Perc Test On File, Septic Needed
  • Water Source: Public, Seasonal
  • Gas:No Gas: Yes
Interior and Exterior Features
Interior Features
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00

Property History for 109 Reed Avenue

DateEvent & SourcePriceAppreciation
Jun 23, 2025

Listed (Active)

Maine Listings #1628614

$1,200,000—
Jun 1, 2011

Expired

Maine Listings #982722

$859,000—
Jun 30, 2010

Listed (Active)

Maine Listings #982722

$859,000—
DateEvent & SourcePrice
06/23/2025

Listed (Active)

Maine Listings #1628614

$1,200,000
06/01/2011

Expired

Maine Listings #982722

$859,000
06/30/2010

Listed (Active)

Maine Listings #982722

$859,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 109 Reed Avenue

Taxable ValueLand$343,700Additions$101,700Total$445,400
Tax Record2024$6,685 ($557 / month)
Home Facts
Beds1Baths1Total Finished SqFt515 SqFtAbove Grade Finished SqFt515 SqFtStories1Lot Size40,001 SqFtStyleSingle Family ResidenceYear Built1900CountyCUMBERLANDAPNPTLD M:091 B:P006001

Schools near 109 Reed Avenue

This home is within Portland Public Schools.
Rating
School
Type
Grades
Distance
Peaks Island School
Public - PK to 5
King Middle School
Public - 6 to 8
Portland High School
Public - 9 to 12
Deering High School
Public - 9 to 12
Rating
School
Distance
Peaks Island School
PublicPK to 5

King Middle School
Public6 to 8

Portland High School
Public9 to 12

Deering High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 109 Reed Avenue, Portland, ME 04108

109 Reed Avenue is a 0.92 ac of land for sale in Portland, ME 04108. This property was listed for sale on June 23, 2025 by Portside Real Estate Group, it's currently listed at $1,200,000. This listing's school district is Portland Public Schools. Nearby schools include Peaks Island School, King Middle School and Portland High School. 109 Reed Avenue is a 0-bed, 0-bath, 0.92 ac of land on a 40,075 sq. ft. / 0.92 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Portside Real Estate Group

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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.