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Peaks Island Homes for Sale

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  • /59

    $869,000 Open Sun 12:30PM - 2PM

    • 3 Beds
    • 2 Baths
    • 2,108 Sq Ft

    95 Herman Ave, Peaks Island, ME 04108

    This charming 3-bedroom, 2-bath home on Peaks Island is bathed in natural passive solar light and surrounded by lush gardens. The open floor plan offers a bright and airy feel with large windows throughout, while the spacious loft master suite features soaring cathedral ceilings. Enjoy a sauna and home theater in the daylight basement, plus front and rear decks with atrium doors leading from the

    Mary Hitt-Davis Keller Williams Realty

    95 Herman Ave, Peaks Island, ME 04108
  • /16

    $289,900

    • Land
    • 0.58 Acre
    • $499,828 per Acre

    151 Brackett Ave, Portland, ME 04108

    Opportunity awaits on Peaks Island! Nestled in the heart of Casco Bay and just a quick ferry ride from downtown Portland, this prime lot offers the perfect blend of island tranquility and urban convenience. Whether you're dreaming of a summer getaway or a year-round retreat, the choice is yours. Ideally located within walking distance to the ferry, local restaurants, shops, and sandy beaches,

    S. Curtis Fish Sharon Drake Real Estate, Inc.

    151 Brackett Ave, Portland, ME 04108
  • /65

    $599,900 Open Sun 10:30AM - 12PM

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft

    85 Upper A St, Portland, ME 04108

    Serenity Cottage will steal a little piece of your heart just like it has for the current owners. Just a short walk from the ferry, this 1912 seasonal cottage is ready for you to unpack your bags. This construction date was confirmed via the original 1912 ferry schedule found in the walls during renovations. The charming full length front porch gives you a great place to sit and read or listen to

    Wendy Harmon Keller Williams Realty

    85 Upper A St, Portland, ME 04108
  • /47

    $1,530,000

    • 3 Beds
    • 2 Baths
    • 1,720 Sq Ft

    364 Island Ave, Peaks Island, ME 04108

    This vintage year-round Peaks Island cottage offers everything you could want plus more. Fully equipped kitchen with pantry, dining room with views to the water, comfortable living room with wood stove and a large family room with bath and adjacent laundry room. Upstairs are three generous bedrooms and a full bath. The location is ideal with great water views of Little Diamond Island, Great

    Alyce Bauerle Portside Real Estate Group

    364 Island Ave, Peaks Island, ME 04108
  • /55

    $940,000

    • 3 Beds
    • 2 Baths
    • 1,529 Sq Ft

    46 Ryefield St, Peaks Island, ME 04108

    ''SERENDIPITY COTTAGE'' Ryefield Street is a special enclave of charming island cottages just up the hill from the historic Fifth Maine Regiment Building. You are just minutes away from the rocky coast, Ryefield Cove and Picnic Point. The summer porches are where you will hangout with friends, have morning coffee and entertain on warm, breezy evenings. The house has been modernized within the

    Alyce Bauerle Portside Real Estate Group

    46 Ryefield St, Peaks Island, ME 04108
  • /12

    $1,200,000

    • Land
    • 0.92 Acre
    • $1,304,348 per Acre

    109 Reed Ave, Portland, ME 04108

    Build your island dream home at Josiah's Cove! Unique chance to own direct waterfront property on Peaks Island. Located at the end of a quiet, gravel road, the .92-acre lot features an elevated ridge, a wooded grove, a grassy lawn and an accessible, rocky beach.Nestled among esteemed properties, the lot is further enhanced by abutting conservation land. It has been recently surveyed and perk

    Susan Lessard Portside Real Estate Group

    109 Reed Ave, Portland, ME 04108
  • /36

    $1,999,900

    • 2 Beds
    • 1.5 Baths
    • 2,345 Sq Ft

    11 Ocean Spray Rd, Peaks Island, ME 04108

    Breath taking views at this one of a kind Peaks Island home! This newly renovated home sits on Maine's rocky coast with breathtaking unobstructed ocean views. Features include kitchen with granite counters, new SS appliances and a lovely living room with new gas fireplace insert. The living rooms large windows look right out to the exquisite ocean view! Enjoy a large primary suite with newly

    Mark Small Landmark Realty

    11 Ocean Spray Rd, Peaks Island, ME 04108
  • /7

    $325,000

    • Land
    • 0.46 Acre
    • $706,522 per Acre

    111 Spruce Ave, Portland, ME 04108

    Beautiful lot abutting conservation land! The view from this bluff is extraordinary and overlooks the bay and Cushing Island. Come build your dream home on Peaks Island!

    Maria Rich Landing Real Estate

    111 Spruce Ave, Portland, ME 04108
  • /6

    $999,000

    • Land
    • 0.11 Acre
    • $9,081,818 per Acre

    22 Boathouse Way, Portland, ME 04108

    Spectacular views of Portland Harbor. 26x60 High tide dock and 26x60 boathouse included. water, sewer, and electric on site. Sewer not connected. In the heart of the Island Business Zone. Put your business or residence here.

    DANIEL DEMERS Sell Your Home Services

    22 Boathouse Way, Portland, ME 04108

Why Live in Peaks Island

Peaks Island, a neighborhood in Portland, Maine, offers a tranquil lifestyle with stunning ocean views and a small-town atmosphere. Accessible only by ferry, water taxi, or personal boat, the 740-acre island encourages residents to walk or bike, contributing to its relaxed vibe. Historically a bustling vacation spot, Peaks Island now features peaceful residential areas, particularly the backshore, where majestic houses with traditional Nantucket gray shingle architecture line the rocky waterfront. Other home styles include cottages, Cape Cod, and craftsman, typically situated on small lots with tree-lined streets and sidewalks. Local attractions include Trott Littlejohn Park for hiking and skateboarding, and two public beaches—Sandy Beach and Cairn Beach—ideal for low tide walks and lighthouse views. The Fifth Maine Museum offers a cultural glimpse into the island's history. The small downtown area features coffee shops like Unruly Girls' Peaks Café, restaurants such as Il Leone, and Hannagan's Island Market for groceries. Peaks Island Elementary School, part of Portland's public school district, serves local students, while middle and high school students commute to the mainland. The ferry ride to the mainland takes just 18 minutes.

Frequently Asked Questions

Is Peaks Island a good place to live?
Peaks Island is a good place to live. Peaks Island is considered very car-dependent and somewhat bikeable with minimal transit options. Peaks Island is a suburban neighborhood. Peaks Island has 6 parks for recreational activities. It is sparse in population with 2.2 people per acre and a median age of 58. The average household income is $127,141 which is above the national average. College graduates make up 65.6% of residents. A majority of residents in Peaks Island are home owners, with 20.1% of residents renting and 79.9% of residents owning their home. A local real estate agent serving Peaks Island can help you decide if this neighborhood is the right one for you. Learn more on our Peaks Island neighborhood guide.
How much do you need to make to afford a house in Peaks Island?
The median home price in Peaks Island is $892,000. If you put a 20% down payment of $178,400 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $4,510 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $193K a year to afford the median home price in Peaks Island. The average household income in Peaks Island is $127K.
What are the best public schools in Peaks Island?
The best public schools that serve Peaks Island are:
  • Casco Bay High School has an A- Niche grade, a student teacher ratio of 14:1 and an average review score of 4.3.
  • Peaks Island School has a B Niche grade and a student teacher ratio of 9:1.
  • King Middle School has a C Niche grade, a student teacher ratio of 9:1 and an average review score of 1.8.
What are the most popular zip codes in Peaks Island, Portland, ME?
The most popular zip codes in Peaks Island, Portland, ME include 04108, 04103, 04109, 04050 and 04106.
What are the most popular neighborhoods near Peaks Island, Portland, ME?
The most popular neighborhoods near Peaks Island, Portland, ME are Breakwater, Willard, East End, Ferry Village and Downtown Portland.

Home Trends in Peaks Island, ME

Housing Trends

Median Sale Price
$832,000
Median Single Family Sale Price
$846,000
Median 2 Bedroom Sale Price
$660,000
Average Price Per Sq Ft
$579
Number of Homes for Sale
5
Last 12 months Home Sales
19
Months of Supply
3.20
Median List Price
$892,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
27%
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