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.
Home Trends in Peaks Island, ME
On average, homes in Peaks Island, Portland sell after 37 days on the market compared to the national average of 52 days. The median sale price for homes in Peaks Island, Portland over the last 12 months is $846,000, up 50% from the median home sale price over the previous 12 months.
Median Sale Price
$846,000
Median Single Family Sale Price
$848,000
Median 2 Bedroom Sale Price
$660,000
Average Price Per Sq Ft
$598
Number of Homes for Sale
7
Last 12 months Home Sales
21
Median List Price
$892,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
50%
