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Peaks Island

Peaks Island

Suburban Neighborhood in Portland, Maine

Cumberland County 04108

$809,377 Average Value
$593 Average Price per Sq Ft
5 Homes For Sale

A quiet retreat from the mainland

Once known as the Coney Island of Maine and later an important World War II outpost, Peaks Island is now a peaceful neighborhood in the city of Portland. This 740-acre Island boasts a small-town feel with unparalleled ocean views and is accessible only by ferry, water taxi or personal boat. Cars are allowed, but people are encouraged to get around on foot or by bike. "I like the relaxed and loose part of the island," says Jill Keefe, designated broker at Port Island Realty on Peaks Island and an island resident. "I like seeing kids be able to ride their bikes around, and I like the safety."

Bicycles are a popular way to get around on Peaks Island.
Bicycles are a popular way to get around on Peaks Island.
A mother and son play Corn Hole on Peaks Island.
A mother and son play Corn Hole on Peaks Island.
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Showcases New England style architecture

All of Peaks Island offers stunning vistas, but its biggest residential draw is the more private section known as the backshore, where majestic houses line the rocky waterfront and look out into the Atlantic Ocean. Many of the houses on the Island follow the traditional Nantucket model of gray shingle architecture, giving them that faded New England waterfront look. Other styles comprise cottages, Cape Cod and craftsman. Prices range from $355,000 to $1.9 million. Because most of the homes are situated close together, the yard space is small, about 1/8 acre, suitable for little gardens or gathering areas. Most of the tree-lined streets have sidewalks. Keefe particularly enjoys walking with neighbors. "There are a lot of dogs on the island and a lot of people to take walks with," she says.

Homes line along the shore on Peaks Island.
Homes line along the shore on Peaks Island.
Shingled waterfront cottages can be found on Peaks Island.east side.
Shingled waterfront cottages can be found on Peaks Island.east side.
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Coney Island of Maine

In the late 19th century, the Island was a popular vacation destination and home to many hotels, cottages, theaters and amusement parks. Those days are long gone. Today the Island is a much more peaceful place where people live and work year-round.

Island Avenue is the main hub on Peaks Island.
Island Avenue is the main hub on Peaks Island.
Folks enjoy some ice cream on a summer day on Peaks Island.
Folks enjoy some ice cream on a summer day on Peaks Island.
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High school is an Expeditionary Learning school

Peaks Island students can attend three local schools that are part of Portland's public school district. Peaks Island Elementary School, located on the Island, has a B grade from Niche. Students must travel to the mainland to attend middle and high school. King Middle School has a C grade from Niche. Casco Bay High School is considered an Expeditionary Learning educational experience (EL), a national model for school reform that emphasizes high achievement through learning that is active, challenging, meaningful, public and collaborative. The school has a B grade from Niche.

Welcome to Peaks Island School in Peaks Island, ME.
Welcome to Peaks Island School in Peaks Island, ME.
King Middle School is known for its expeditionary learning program.
King Middle School is known for its expeditionary learning program.
Casco Bay High School serves students from ninth to twelfth grade in North Deering.
Casco Bay High School serves students from ninth to twelfth grade in North Deering.
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Lively dining area

Upon arriving on the Island, locals are greeted by a small but lively downtown area. There are coffee shops like Unruly Girls' Peaks Café and restaurants like Il Leone for summer outdoor dining. Residents can do their grocery shopping at Hannagan's Island Market, where the motto is, "If we don't have it, you don't need it."

II Leone serves up wood fired pizza on Peaks Island.
II Leone serves up wood fired pizza on Peaks Island.
Hannigan's Island Market is the local grocery store on Peaks Island.
Hannigan's Island Market is the local grocery store on Peaks Island.
The Pub on Peaks Island is always a sure bet for a good meal.
The Pub on Peaks Island is always a sure bet for a good meal.
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Two public beaches and a museum

Residents can hike or skateboard at Trott Littlejohn Park. Most of the beaches on Peaks Island are private and linked to homeownership. But the Island does have two public beaches. They are Sandy Beach, which is accessible by a long wooden ramp and great for walking at low tide or kayaking to Catnip Island and Cairn Beach, a non-swimming beach that is perfect for viewing nearby lighthouses. For a cultural experience, residents can visit the Fifth Maine Museum to learn about Peaks Island's history.

Cairn Beach on Peaks Island east side offers beautiful views and man made rock sculptures.
Cairn Beach on Peaks Island east side offers beautiful views and man made rock sculptures.
Trott Littlejohn Park on Peaks Island features a community garden.
Trott Littlejohn Park on Peaks Island features a community garden.
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Take the ferry for commuting

Ferry boats run consistently throughout the day, taking people to work and school on the mainland, which Keefe said is "just 18 minutes away

The Casco Bay Ferry transports people and cargo to Peaks Island.
The Casco Bay Ferry transports people and cargo to Peaks Island.
Peaks Island is a short jaunt from Portland.
Peaks Island is a short jaunt from Portland.
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Susan Pascal
Written By
Susan Pascal
Jeff Tippett
Photography Contributed By
Jeff Tippett
Emily McNamara
Video By
Emily McNamara

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Jonathan Safford, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Portland International Jetport

35 min drive

Crime and Safety

1 - Low Crime, 10 - High Crime Peaks Island US
Homicide 1 4
Sexual Assault 1 4
Assault with Weapon 1 4
Robbery 2 4
Burglary 1 4
Motor Vehicle Theft 1 4
Larceny 1 4
Crime Score 1 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$839,000
Median Single Family Price
$835,500
Median 2 Bedroom Price
$669,900
Average Price Per Sq Ft
$593
Number of Homes for Sale
5
Last 12 months Home Sales
24
Months of Supply
2.50
Median List Price
$889,000
Median Discount From 1st List Price
5%
Median Home Sale Price YoY Change
20%

Home Facts

Number of Homes in Neighborhood
632
Median Year Built
1909
Avg. Single Family Home Size Sq Ft
1,500
Significantly below the national average
1,935
Average Townhouse Size Sq Ft
2,249
Average 2 Bedroom Size Sq Ft
1,463
Average 1 Bedroom Size Sq Ft
856
Median Lot Size Sq Ft
9,147

Open Houses

  • Sunday, Apr 27
    10:30am - 12pm

    4 Wiley St, Peaks Island, ME 04108

    $769,000

    • 2 Beds
    • 1 Bath
    • 1,325 Sq Ft
    • 4 Wiley St
    • New 9 days ago

    Whether you're seeking a peaceful island retreat or dreaming of full-time island living, this exceptional property on Peaks Island is a must-see! This unique spot features three buildings: a charming main house and two versatile outbuildings. One outbuilding is currently being used as a vibrant, insulated & electrified art studio, while the other holds endless possibilities as an insulated &

    Erin Oldham Portside Real Estate Group

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  • Saturday, Apr 26
    11am - 1pm

    6 1st St Unit 6-1, Peaks Island, ME 04108

    $669,900

    • 2 Beds
    • 3 Baths
    • 3,200 Sq Ft
    • 6 1st St
    • Unit 6-1

    ONE LEVEL LIVING AT ITS FINEST! Beautiful newly constructed 2 BD 3 BA ranch style condominiums ready for immediate occupancy in ideal location close to all area amenities and highway. These contemporary condos offer hardwood and tile flooring throughout with full bath off entry foyer and guest bedroom overlooking front yard, expansive open concept living room area with floor to ceiling gas

    Danielle Lape Kre Brokerage Group

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Distribution of Home Values

Source: Public Records

Homes for Sale

Interested in learning more about homes in this area? Reach out to Jonathan Safford, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
1,691
Median Age
58
Population Density
3 ppl/acre
Population under 18
14.3%
Below the national average
23.8%
Population over 65
38.1%
Above the national average
19.1%

Finances

Median Household Income
$91,944
Above the national average
$71,702
Average Household Income
$127,141

Education and Workforce

High School Graduates
97.1%
College Graduates
65.6%
Significantly above the national average
34.1%
Advanced Degrees
29.1%
Above the national average
13.3%
% Population in Labor Force
60.1%

Weather

Annual Precipitation
49''
Average Winter Low Temperature
16°F
Average Summer High Temperature
79°F
Annual Snowfall
36''

Area Factors

Somewhat Bikeable

Bike Score®

39 / 100

Car-Dependent

Walk Score®

21 / 100

Minimal Transit

Transit Score®

21 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Peaks Island