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Explore Similar Townhomes Within 2 Miles of Peaks Island, ME

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    $899,900 New Construction

    • 3 Beds
    • 3.5 Baths
    • 2,350 Sq Ft

    115 Summit Terrace Unit 6, South Portland, ME 04106

    Introducing a thoughtfully designed 20-unit luxury condominium community nestled in the sought-after Willard Beach area of South Portland. Each residence offers approximately 2,350 square feet of refined living space across three levels. This unit does not have an elevator. The second floor features an elegant open-concept layout that includes the living room, kitchen, dining area, a separate

    Anne Ross-Murray F.O. Bailey Real Estate

    115 Summit Terrace Unit 6, South Portland, ME 04106
  • /9

    $947,872 New Construction

    • 3 Beds
    • 3.5 Baths
    • 2,350 Sq Ft

    115 Summit Terrace Unit 5, South Portland, ME 04106

    Introducing a thoughtfully designed 20-unit luxury condominium community nestled in the sought-after Willard Beach area of South Portland. Each residence offers approximately 2,350 square feet of refined living space across three levels, with a private elevator for enhanced convenience. The second floor features an elegant open-concept layout that includes the living room, kitchen, dining area, a

    Anne Ross-Murray F.O. Bailey Real Estate

    115 Summit Terrace Unit 5, South Portland, ME 04106

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

Housing Trends

Median Sale Price
$379,900
Median Single Family Sale Price
$589,900
Average Price Per Sq Ft
$235
Number of Homes for Sale
2
Last 12 months Home Sales
21
Months of Supply
1.10
Median List Price
$559,990
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-20%
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