Peaks Island: Located at the end of a quiet gravel lane, where 350'of rocky shoreline accents the ebb and flow of the ocean is a truly unique waterfront property that must be seen to be fully appreciated. Built just 26 years ago, on a private 0.89-acre terraced lot, this year-round, light-filled 3-4 BR, 2.5 BA home is an island lover's dream. Virtually every room in the 2,900+ sq ft house offers breathtaking, unobstructed views of Casco Bay and beyond. Savor spectacular sunrises over the Atlantic as the sound of waves crashing fills the air. The main, elevated, open concept living space features a LR w/ new oversized windows, a gorgeous domed ceiling and stone fireplace; Kit, DR w/ built-ins, and large Sunroom with three walls of glass. The Primary Suite has WIC and Full Bath. There is powder room, a laundry room, attic storage, workshop, storage shed and convenient access to the natural backyard gardens and patio – where the water view plays like a symphony of nature. The first level boasts three additional bedrooms, one of which makes a perfect office or den, plus another Full Bath. The design for this stunning custom-built home was the inspiration of well-known architect Will Winkleman and the work of the highly regarded builder Bill Bunton. High ceilings & spacious rooms, exterior stonework, copper accents, decks and interesting rooflines accentuate this home's desirability and highlight its unparalleled craftsmanship. Stroll to the popular TEIA Club, visit multiple beaches, conservation land or the bustling island ''down front''. Peaks Island is a 15-minute ferry ride from Portland's Old Port.
Single-familyProperty Type
1998Year Built
0.89 acresLot Size
$785Est. Price/Sq.Ft.
1 spaceParking
Listed by Susan Lessard• Town & Shore Real Estate
Bought with Rhonda Berg• Harborview Properties, Inc.
Claim this home to receive a free report every month with insights on the changing estimate.
Earn from this home
Sell
$670,693
Est. take-home
List your home with Redfin and save $23,051
Rent
$3,606/mo
Redfin rental estimate
List your home for rent
Market trends in 04108, ME
Last updated October 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-list price
96.6%
+1.1% MoM
Median sale price
$612K
$48K MoM
Avg. days on market
32d
39 days MoM
Recently sold homes
7
0 MoM
Provided by Redfin
Sale history for 144 Reed Ave
Date
Event
Price
MREIS #1558495
Jun 16, 2023
Sold
$2,000,000
$681/sq ft
May 12, 2023
Listed
$1,995,000
$679/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$23,341
$991,100 + $957,200
$1,948,300
Tax history for 144 Reed Ave
Year
Property tax
Land + Additions
Assessment*
2025
$23,341
$991,100 + $957,200
$1,948,300
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
0.85 Acres
Year renovated
—
Sq. Ft.
2,936
Year built
1997
Style
Single Family Residential
County
Cumberland County
APN
7666547
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 22, 2026.
IR-1
SHORELAND OVERLAY
Island Zone
To provide for low-intensity residential, recreational, and rural uses in the less developed areas of the islands in order to preserve the rustic character of the islands, to protect groundwater resources and natural and scenic areas, and to permit only appropriate low-intensity development in areas lacking adequate public facilities and services. Select nonresidential uses may also be permitted in the IR-1 zone.