A year-round Peaks Island Retreat. Nestled close to the convenience of town, this charming Peaks Island cottage offers the best of both worlds: a comfortable year-round home and a peaceful retreat from the bustle of the mainland. The original home has been lovingly maintained and thoughtfully enhanced with a number of recent additions, including heat pumps, solar panels, and a sauna that can be started remotely--perfect for warming up before you even arrive home. Set on a generous double lot, the property offers plenty of space to enjoy the outdoors, with raised garden beds, fruit trees, and established blackberry bushes. A new woodshed adds practical storage while complementing the home's inviting island character. With its blend of original charm, modern improvements, and room to garden, relax and enjoy island life, this is a special Peaks Island property that feels equally suited to everyday living and getting away from it all. Professional photos to be added soon.
Peaks Island, located between Casco Bay and Portland Harbor, is a coastal and village-like Portland neighborhood with a working waterfront and wooded lanes. The island’s character concentrates around the Peaks Island Ferry Landing and the stretch of Island Avenue lined with porch-front cottages, bike rentals, and small cafes. Community pillars include the Fifth Maine Regiment Museum, the Peaks Island House, and the Inn on Peaks Island. Narrow roads loop past rocky coves, pocket beaches, and weathered docks, with golf carts and bicycles setting the pace. Architecture leans toward shingled cottages and classic New England summer homes, with salt-air patina and tidy gardens. Trails and shoreline paths frame daily routines around ferry schedules and long water views.
Provided by Walk Score and Local Logic
Market insights
16 Sterling St · $648,000
DAYS ON MARKET
2 days
The average home goes pending in 25 days.
SALE-TO-LIST
101.1%
Most homes are selling 1% above list price.
LIST PRICE
$648,000
Median sale price in this area is $623,278. (4% lower than this home)
PRICE DROP
0 price drops
22% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Bathtub
Pantry
Unfurnished
32–36 inch doors (wider doorways)
Wood flooring
One fireplace
Bedrooms
Three bedrooms, all located on the second floor
Bathrooms
One full bathroom
Kitchen
Electric range
Refrigerator
Pantry
Laundry & utility
Washer
Dryer
Flooring
Wood
Heating & cooling
Baseboard heating
Heat pump (provides heating and cooling)
Wood stove
Exterior features
Porch
Fenced yard
Shed(s)
Level lot
Near public transit
Neighborhood setting
Island location (Peaks Island)
Home design
Single family residence
Built in 1900
Parking
No driveway
1–4 off-street parking spaces
Construction
Wood frame construction
Shingle roof
Utilities
Public water
Public sewer
Photovoltaic panels (seller owned)
Heat pump water heater
Electricity and solar
View estimated energy costs and solar savings for this home
This cute 2 or 3 bedroom home is in the heart of Peaks Island's Village yet away from the bustle. On a double lot, the open floor plan on the first level wraps around the center chimney which has a wood stove making for separate but not distinct spaces. The nice front porch and great fenced side yard (gardens, fire pit) increase the living space in the warmer months while the house stays cozy in the cooler months. It's a short distnce to everything from beaches to the ferry - the library to the school. .
MREIS #1079346
Jan 26, 2013
Listed
$239,000
$239/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$5,186 (+4.2%)
$174,500 + $171,000
$345,500
2023
$4,979 (+5.9%)
$174,500 + $171,000
$345,500
2022
$4,702 (+4.8%)
$174,500 + $171,000
$345,500
2021
$4,488 (−3.0%)
$174,500 + $171,000
$345,500
2020
$4,625
$135,400 + $63,000
$198,400
2019
$4,625 (+3.7%)
$135,400 + $63,000
$198,400
2018
$4,460 (+3.8%)
$135,400 + $63,000
$198,400
2017
$4,295 (+2.6%)
$135,400 + $63,000
$198,400
2016
$4,188 (+2.3%)
$135,400 + $63,000
$198,400
2015
$4,093 (+3.2%)
$135,400 + $63,000
$198,400
2014
$3,968
$135,400 + $63,000
$198,400
Public record
Public record
Permits
Beds
2
Baths
1
Stories
2
Lot width
—
Lot depth
—
Lot size
4,356 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
962
Unfinished Sq. Ft.
—
Total Sq. Ft.
962
Year built
1900
Style
Single Family Residential
County
Cumberland County
APN
116952
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
Oct 8, 2025 • Final
Electrical
Electrical
Oct 8, 2025 • Final
Residential additions (1 and 2 family)
Addition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Historical weather
Portland, ME • 04108
Average low and high temperatures (°F)
31
19
33
19
43
31
49
39
59
49
70
58
74
63
73
60
68
56
59
46
50
36
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 16 Sterling St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $550,000 and $690,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $550K to $690K.