RARE OPPORTUNITY TO OWN A PIECE OF PEAKS ISLAND Do you dream of Island life? Spending your summers on a quaint island and relaxing in the Island breeze, yet just a short ferry ride to everything the City of Portland has to offer. How would you like to jump on a ferry for your commute home instead of the Freeway? Don't miss this rare opportunity to purchase a Peaks Island home. From the time you step off the ferry you will know immediately you have stepped into a very special community. With its beautiful Atlantic scenery around every bend in the road, quaint shops, and restaurants you will love exploring the island. The home is a Dormed Cape. Depending on your use, 3-4 bedrooms, 2 bathrooms, and currently is laid out to include a private, multigenerational living space with its own kitchen. Property is move in ready if you have always dreamed of having an Island summer retreat. If living the Island life full time is what you are seeking, this sturdy, well-built framework is ready for your own personal touch and remodel. Bring your car, bicycle or rent a golf cart at the dock and come see all this unique island has to offer.
Single-familyProperty Type
1984Year Built
0.5 acresLot Size
$464Est. Price/Sq.Ft.
1 spaceParking
Listed by Sylvia Rhodes• Fontaine Family-The Real Estate Leader
Listed by David Foster• Fontaine Family-The Real Estate Leader
Bought with Rhonda Berg• Harborview Properties, Inc.
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Earn from this home
Sell
$181,777
Est. take-home
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Rent
$2,211/mo
Redfin rental estimate
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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 36 Luther St
Date
Event
Price
MREIS #1584229
Jun 17, 2024
Sold
$495,000
$384/sq ft
May 2, 2024
Price Changed
$625,000
$485/sq ft
Mar 15, 2024
Listed
$650,000
$505/sq ft
MREIS #928093
Apr 10, 2009
Listed
$315,000
$245/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$6,420 (+10.8%)
$157,700 + $270,000
$427,700
2023
$5,796 (+5.9%)
$157,700 + $244,500
$402,200
2022
$5,474 (+4.8%)
$157,700 + $244,500
$402,200
2021
$5,225 (−24.7%)
$157,700 + $244,500
$402,200
2020
$6,935
$179,400 + $118,100
$297,500
2019
$6,935 (+3.7%)
$179,400 + $118,100
$297,500
2018
$6,688 (+3.8%)
$179,400 + $118,100
$297,500
2017
$6,441 (+2.6%)
$179,400 + $118,100
$297,500
2016
$6,280 (+2.3%)
$179,400 + $118,100
$297,500
2015
$6,137 (+3.1%)
$179,400 + $118,100
$297,500
2014
$5,950
$179,400 + $118,100
$297,500
Tax history for 36 Luther St
Year
Property tax
Land + Additions
Assessment*
2024
$6,420 (+10.8%)
$157,700 + $270,000
$427,700
2023
$5,796 (+5.9%)
$157,700 + $244,500
$402,200
2022
$5,474 (+4.8%)
$157,700 + $244,500
$402,200
2021
$5,225 (−24.7%)
$157,700 + $244,500
$402,200
2020
$6,935
$179,400 + $118,100
$297,500
2019
$6,935 (+3.7%)
$179,400 + $118,100
$297,500
2018
$6,688 (+3.8%)
$179,400 + $118,100
$297,500
2017
$6,441 (+2.6%)
$179,400 + $118,100
$297,500
2016
$6,280 (+2.3%)
$179,400 + $118,100
$297,500
2015
$6,137 (+3.1%)
$179,400 + $118,100
$297,500
2014
$5,950
$179,400 + $118,100
$297,500
*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
Permits
Beds
3
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
0.5 Acres
Year renovated
—
Sq. Ft.
1,610
Year built
1984
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
117262
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
Sep 11, 2025 • Final
Residential additions (1 and 2 family)
Addition
Sep 9, 2025 • Final
Hvac
HVAC
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.
Lot Features: Well Landscaped, Open, Level, Wooded, Intown, Near Shopping, Neighborhood, Near Public Transit
Road Surface Type: Paved
Zoning: IR-2
Waterfront Information
Island: Yes
Financial
Tax Information
Annual Tax Amount: $5,796
Tax Year: 2023
Utilities
Utility Information
Has Heating
Heating: Hot Water, Direct Vent Heater, Baseboard
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Gas
Location
Location Information
Unparsed Address: 36 Luther Street, Portland, ME 04108
Directions: See Casco Lines Schedule in Attachments. Casco Ferry to Peaks Island. From Welch Street turn left on Island Ave. Proceed to Luther Street and turn right. Property is third house on left
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,610
Stories: 2.0
Lot Size: 0.5 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1984
Year Renovated: —
County: Cumberland County
APN: 117262
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
K - 12
Preschool & daycare
Peaks Island School
Public PreK-5 • Assigned • 0.1mi
8/10
Deering High School
Public 9-12 • Assigned • 5.0mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Portland, ME • 04108
Average low and high temperatures (°F)
31°
19°
33°
19°
43°
31°
49°
39°
59°
49°
70°
58°
75°
63°
73°
60°
68°
56°
59°
47°
50°
36°
37°
24°
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.5 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
8.5 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$568,000 – $687,000
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