OFF MARKET

Off market jun 2016 for $405K

$702,891

•

1,274

sq ft

40 Portland Pier #5, Portland, ME 04101

About this home

Waterfront condo with views from every window. Imagine sitting on one of your private balconies watching the boats come and go out of the harbor. Beautifully updated kitchen, hardwood floors, wood burning fireplace are a few of the amenities in this gorgeous condo. Master bedroom with private bath and balcony. Walk out your door to all Portland has to offer, fine dining, theater, shopping, art galleries and museums.

CondoProperty Type

1987Year Built

8,276 sq ftLot Size

$552Est. Price/Sq.Ft.

1 spaceParking

Listed by John Hatcher • Keller Williams Realty

Listed by William {Andrew} Newman • Keller Williams Realty

Bought with John Hatcher • Keller Williams Realty

Redfin checked: 2 minutes ago

•Source:MREIS #1258687

Redfin Estimate

$702,891

$298K since sold in June 2016$23K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 17.3% lower than the average sale price ($850K) of 6 comparable homes.

SOLD JUN 1, 2026
$825,000
A
2 beds2 baths1,324 sq ft
201 Chandlers Wharf #201, Portland, ME 04101
SOLD JUL 31, 2026
$660,000
B
2 beds2 baths1,382 sq ft
16 Guilford Ct Unit 2B, Portland, ME 04101
SOLD JUL 9, 2026
$740,000
C
2 beds2 baths1,325 sq ft
22 Hancock St #201, Portland, ME 04101
SOLD JUN 30, 2026
$725,000
D
2 beds2 baths1,216 sq ft
22 Hancock St #303, Portland, ME 04101
SOLD JUN 16, 2026
$905,000
E
2 beds2 baths1,269 sq ft
166 Fore St #32, Portland, ME 04101
SOLD AUG 7, 2026
$1,245,000
F
2 beds2 baths1,295 sq ft
383 Commercial St #401, Portland, ME 04101

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Earn from this home

Sell

$408,460

Est. take-home

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Rent

$4,686/mo

Redfin rental estimate

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Market trends in 04101, ME

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.9%

0.5% MoM

Median sale price

$725K

$26K MoM

Avg. days on market

37d

9 days MoM

Recently sold homes

1 MoM

New listings for sale

NEW 8 HRS AGO
$485,000
2 beds1 bath939 sq ft
10 Exchange St #409, Portland, ME 04101
NEW 27 HRS AGO
$719,000
5 beds3 baths2,165 sq ft
88-90 Forest Ave, Portland, ME 04101
NEW 1 DAY AGO
$1,100,000
3 beds2 baths1,370 sq ft
135 Congress St #3, Portland, ME 04101
$685,000
2 beds2 baths1,317 sq ft
340 Eastern Promenade #233, Portland, ME 04101
$1,025,000
6 beds3 baths3,200 sq ft
178 Congress St, Portland, ME 04101
$725,000
2 beds1.5 baths1,317 sq ft
340 Eastern Promenade #218, Portland, ME 04101
$1,400,000
2 beds2 baths1,327 sq ft
387 Commercial St #326, Portland, ME 04101
$1,500,000
10 beds7 baths8,984 sq ft
31 Deering St, Portland, ME 04101
See all

Provided by Redfin

Sale history for 40 Portland Pier #5

Date

Event

Price

MREIS #1258687

Jun 21, 2016

Sold

$405,000

$318/sq ft

Apr 15, 2016

Listed

$415,000

$326/sq ft

MREIS #1254971

Mar 18, 2016

Listed

$397,500

$312/sq ft

MREIS #1152095

Dec 29, 2014

Sold

$360,000

$283/sq ft

+26

MREIS #1124162

Feb 28, 2014

Listed

$379,500

$298/sq ft

MREIS #1035227

Nov 14, 2011

Listed

$355,900

$279/sq ft

Year

Property tax

Land + Additions

Assessment*

2024

$7,163 (+4.2%)

$95,440 + $381,760

$477,200

2023

$6,876 (+5.9%)

$95,440 + $381,760

$477,200

2022

$6,495 (+4.8%)

$95,440 + $381,760

$477,200

2021

$6,199 (−14.4%)

$95,440 + $381,760

$477,200

2020

$7,242

$62,100 + $248,600

$310,700

2019

$7,242 (+3.7%)

$62,100 + $248,600

$310,700

2018

$6,985 (+3.8%)

$62,100 + $248,600

$310,700

2017

$6,727 (+2.6%)

$62,100 + $248,600

$310,700

2016

$6,559 (+2.3%)

$62,100 + $248,600

$310,700

2015

$6,410 (+3.2%)

$62,100 + $248,600

$310,700

2014

$6,214

$62,100 + $248,600

$310,700

Tax history for 40 Portland Pier #5

Year

Property tax

Land + Additions

Assessment*

2024

$7,163 (+4.2%)

$95,440 + $381,760

$477,200

2023

$6,876 (+5.9%)

$95,440 + $381,760

$477,200

2022

$6,495 (+4.8%)

$95,440 + $381,760

$477,200

2021

$6,199 (−14.4%)

$95,440 + $381,760

$477,200

2020

$7,242

$62,100 + $248,600

$310,700

2019

$7,242 (+3.7%)

$62,100 + $248,600

$310,700

2018

$6,985 (+3.8%)

$62,100 + $248,600

$310,700

2017

$6,727 (+2.6%)

$62,100 + $248,600

$310,700

2016

$6,559 (+2.3%)

$62,100 + $248,600

$310,700

2015

$6,410 (+3.2%)

$62,100 + $248,600

$310,700

2014

$6,214

$62,100 + $248,600

$310,700

*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

Baths

Stories

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

1,274

Year built

1988

Style

Condo/Co-op

County

Cumberland County

APN

112194

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

WCZ

DEOZ

Waterfront Central Zone

The Waterfront Central Zone was created to protect and nurture water-dependent and marine-related support uses so that they may grow and prosper in the present and into the future in an environment and area dedicated to this purpose. The following priority of uses is recognized: The first priority of this zone is to protect and nurture existing and potential water-dependent uses in a setting that enforces their continued economic viability.; The second priority is to encourage other marine and marine-related support uses so long as they do not interfere with water-dependent uses, either directly by displacement or indirectly by placing incompatible demands on the zone’s infrastructure.; Non-marine uses are encouraged provided that they do not interfere with and are not incompatible with first and second priority uses. Non-marine uses are beneficial to the waterfront economy because they provide the financial return to property owners necessary for the maintenance and improvement of the marine infrastructure.

Zone overlays

Permitted uses

Include but are not limited to:

Office
Research & development
Educational/school
Park & open space

Property details

Parking

Parking Information
Has Garage
Parking Features: 1 - 4 Spaces, Common, Off Street
Vehicle Storage: 1 Car

Interior

Virtual Tour

Bathroom Information
# of Baths (Full): 2

Room 1 Information
Type: Kitchen
Level: Second
Features: Eat-In Kitchen, Pantry

Room 2 Information
Type: Primary Bedroom
Level: First
Features: Balcony/Deck, Closet, Full Bath

Room 3 Information
Type: Living Room
Level: Second
Features: Wood-Burning Fireplace

Room 4 Information
Type: Bedroom 1
Level: Second
Features: Balcony/Deck, Closet

Interior Features
# of Rooms: 4
Interior Features: Elevator Passenger, Bathtub, Primary Bedroom w/Bath
Washer, Wall Oven, Refrigerator, Microwave, Electric Range, Dryer, Disposal, Dishwasher, Cooktop
Flooring: Wood, Tile, Carpet
Other Equipment: Internet Access Available, Cable

Exterior

Building Information
Construction Materials: Brick, Masonry
Roof: Metal
Total Building Area (Sq. Ft.): 1,274
Building Area Source: Public Records

Exterior Features
Patio & Porch Features: Deck

Property Information
Property Sub Type: Condominium
Year Built: 1987
Above-Grade Finished Area (Sq. Ft.): 1,274
Levels: Multi-Level

Lot Information
Lot Size (Sq. Ft.): $8,276.40
Lot Size (Acres): 0.19
Lot Size Source: Public Records
Lot Features: Level, Historic District, Intown, Near Shopping, Near Public Transit
Zoning: Res

Waterfront Information
Water View: Yes

Subdivision Information
Subdivision Name: Portland Pier

Financial

Tax Information
Annual Tax Amount: $6,409
Tax Year: 2016

Utilities

Utility Information
Has Heating
Heating: Heat Pump, Blowers, Hot Air
Has Cooling
Cooling: Central Air
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities On: No
Water Source: Public
Water Heater: Electric

Location

Multi-Unit Information
# of Units in Community: 20

HOA Information
Has Association
Association Fee: $525
Association Fee Frequency: Monthly
Pets Allowed: Other Restrictions

Location Information
Unparsed Address: 40 Portland Pier 5, Portland, ME 04101
Directions: Commercial Street to Portland Pier

Public facts

Beds: 2
Baths: 2.0
Sq. Ft.: 1,274
Stories: 2.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1988
Year Renovated: —
County: Cumberland County
APN: 112194

Home facts updated by county records on Jul 27, 2026

Around this home

Schools

Howard C Reiche Community School

Public PreK-5 • Assigned • 0.9mi

3/10

Deering High School

Public 9-12 • Assigned • 2.5mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 87° expected this year, 18 days in 30 years

7/10 Wind Factor

79% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Portland, ME • 04101

Average low and high temperatures (°F)

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

$668,000 – $809,000

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New listings for sale in 04101

NEW 8 HRS AGO

$485,000

2 beds1 bath939 sq ft

10 Exchange St #409, Portland, ME 04101

NEW 27 HRS AGO

$719,000

5 beds3 baths2,165 sq ft

88-90 Forest Ave, Portland, ME 04101

NEW 1 DAY AGO

$1,100,000

3 beds2 baths1,370 sq ft

135 Congress St #3, Portland, ME 04101

$685,000

2 beds2 baths1,317 sq ft

340 Eastern Promenade #233, Portland, ME 04101

$1,025,000

6 beds3 baths3,200 sq ft

178 Congress St, Portland, ME 04101

$725,000

2 beds1.5 baths1,317 sq ft

340 Eastern Promenade #218, Portland, ME 04101

$1,400,000

2 beds2 baths1,327 sq ft

387 Commercial St #326, Portland, ME 04101

$1,500,000

10 beds7 baths8,984 sq ft

31 Deering St, Portland, ME 04101

Home values near 40 Portland Pier #5

Data from public records.

Address	Redfin Estimate
40 Portland Pier Apartment 15, Portland, ME 1 Beds \| 1 Baths \| 640 Sq. Ft.	$385,883
40 Portland Pier Apartment 14, Portland, ME 2 Beds \| 2 Baths \| 1196 Sq. Ft.	$608,962

Address	Redfin Estimate
40 Portland Pier Apartment 3, Portland, ME 3 Beds \| 3 Baths \| 1404 Sq. Ft.	$702,447
40 Portland Pier Apartment 20, Portland, ME 1 Beds \| 1.5 Baths \| 1084 Sq. Ft.	$570,958

Address	Redfin Estimate
40 Portland Pier Apartment 11, Portland, ME 1 Beds \| 1.5 Baths \| 1074 Sq. Ft.	$565,712
40 Portland Pier Apartment 8, Portland, ME 1 Beds \| 1 Baths \| 726 Sq. Ft.	$413,220

Property information provided by MREIS when last listed in 2016. This data may not match . Learn more.

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