$825,000
SOLD OCT 17, 2025

489 Leisure Ln Frye Island, ME 04071

6 Beds
2 Baths
1,440 Sq Ft
0.35 Acres

Recently Sold

$573 Per Sq Ft

13% Below List Price

124 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Tennis Courts
  • 1,075 Feet of Waterfront
  • Boat Slip
  • Island Location

About This Home

As of October 2025

Stunning Waterfront Cottage on Sebago Lake - Fully Furnished, Prime Rental Income!
Experience lakeside living at its finest with this exceptional 6-bedroom, 2-bathroom cottage located directly on the shores of Sebago Lake. Boasting a sandy beach, private boat dock, and mooring, this reverse-design home offers breathtaking west-facing views and unforgettable sunsets over the White Mountains.
The first floor features six comfortable bedrooms and two full baths, perfect for accommodating family and guests. Upstairs, a spacious open-concept great room combines the kitchen, dining, and living areas, all overlooking the sparkling lake through expansive windows.
Ideal as a vacation home or an investment property, this cottage has a proven track record as a premium summer rental—fully booked from late June through mid-September at $5,000 per week. The home is being sold completely furnished, so you can start enjoying or renting it immediately.
Located on beautiful Frye Island, you'll also enjoy access to a wealth of community amenities including:
15 sandy beaches
Marinas
Community center and playground
Tennis, basketball, and 6 pickleball courts
Swimming pool and community garden
9-hole golf course with driving range
On-island cafe, general store, gift shop, and ice cream stand
Don't miss this rare opportunity to own a turnkey lakefront property with incredible views, strong rental income, come, (the 2024 season had $57,620 in rentals and $51,000 in bookings for 2025 so far), and access to everything Frye Island has to do. *Property is being sold as is where is.

Last Agent to Sell the Property

Lois O'Connor

Sunset Lakes Real Estate Listed on: 05/16/2025

Sunset Lakes Real Estate

Co-Listed By

Jennifer O'Connor

Sunset Lakes Real Estate

Last Buyer's Agent

Derek Goff Joseph Tomazin

Signature Homes Real Estate Group, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,465

Year Built

  • Built in 1980

Lot Details

  • 0.35 Acre Lot
  • 1,075 Feet of Waterfront
  • Road Access Is Seasonal
  • Dirt Road
  • Seasonal Access to Property
  • Open Lot
  • Sloped Lot
  • Property is zoned ShoreLand

Property Views

  • Water
  • Scenic Vista

Home Design

  • Contemporary Architecture
  • Cottage
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,440 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Gravel Driveway
  • On-Site Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Beach Access
  • Deep Water Access
  • Mooring
  • Boat Slip
  • Docks
  • Tennis Courts
  • Deck
  • Shed

Location

  • Island Location

Utilities

  • Air Conditioning
  • Heat Pump System
  • Baseboard Heating
  • Natural Gas Not Available
  • Seasonal Water
  • Electric Water Heater
  • Septic System
  • Septic Design Available
  • Private Sewer
  • Internet Available

Community Details

  • No Home Owners Association
  • Clubhouse

Listing and Financial Details

  • Tax Lot 272
  • Assessor Parcel Number 489LeisureLaneFryeIsland04071

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,465

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.35
  • Road Surface Type: Gravel
  • Water Body Name: Sebago
  • Co List Office Phone: 207-655-2139
  • MLS Status: Closed
  • Directions: GPS friendly
  • Above Grade Finished Sq Ft: 1440.0
  • Architectural Style: Contemporary, Cottage
  • Garage Yn: No
  • Year Built: 1980
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 624.31
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.35
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1440.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 1075.0
  • Water Info:Water Frontage Owned -: 75.0
  • Water Info:Water Frontage Shared -: 1000.0
  • Recreational Water:Deeded: Yes
  • Recreational Water:Waterfront Deep: Yes
  • Style:Cottage: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Sewer:Septic Existing on Site: Yes
  • Sewer:Septic Design Available: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Kitchen Amenities:Cathedral Ceiling6: Yes
  • Living Room Amenities:Cathedral Ceiling5: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • View:Scenic: Yes
  • Water Info:Island3: Yes
  • Transportation:Deep Water Access: Yes
  • Recreational Water:Dock: Yes
  • Water:Seasonal4: Yes
  • Roads:Seasonal3: Yes
  • Cooling:AC Units: Yes
  • Recreational Water:Beach Rights: Yes
  • Recreational Water:Boat Mooring: Yes
  • Recreational Water:Boat Slip: Yes
  • Amenities:Tennis Court: Yes
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: Stunning Waterfront Cottage on Sebago Lake - Fully Furnished, Prime Rental Income! Experience lakeside living at its finest with this exceptional 6-bedroom, 2-bathroom cottage located directly on the shores of Sebago Lake. Boasting a sandy beach, private boat dock, and mooring, this reverse-design home offers breathtaking west-facing views and unforgettable sunsets over the White Mountains.The first floor features six comfortable bedrooms and two full baths, perfect for accommodating family and guests. Upstairs, a spacious open-concept great room combines the kitchen, dining, and living areas, all overlooking the sparkling lake through expansive windows. Ideal as a vacation home or an investment property, this cottage has a proven track record as a premium summer rental—fully booked from late June through mid-September at $5,000 per week. The home is being sold completely furnished, so you can start enjoying or renting it immediately.Located on beautiful Frye Island, you'll also enjoy access to a wealth of community amenities including: 15 sandy beaches Marinas, Community center and playground Tennis, basketball, and 6 pickleball courts Swimming pool and community garden 9-hole golf course with driving range. On-island café, general store, gift shop, and ice cream stand. Don't miss this rare opportunity to own a turnkey lakefront property with incredible views, strong rental income, (the 2024 season had $57,620 in rentals and $51,000 in bookings for 2025 so far), and access to everything Frye Island has to do. *Property is being sold as is where is. Call today for a showing 207-655-2139
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Other Equipment: Internet Access Available
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: 1st Floor Primary Bedroom w/Bath, Shower
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Bedroom 4 Level: First
  • Kitchen Kitchen Level: Second
  • Living Room Living Room Level: Second
  • Primary Bedroom Primary Bedroom Level: First
  • Bedroom 1:Bedroom 1 Level: First
  • Bedroom 5:Bedroom 5 Level: First

Exterior Features

  • Lot Features: Rolling/Sloping, Open, Neighborhood
  • View: Scenic
  • Waterfront: Yes
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Tennis Court(s)
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, On Site

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: Wall/Window Unit(s), Heat Pump
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Tank, Private Sewer, Septic Design Available
  • Water Source: Public, Seasonal

Condo/Co-op/Association

  • Community Features: Clubhouse
  • Association: No
  • Pets Allowed: No Restrictions

Association/Amenities

  • Association Amenities:Club House: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15246.0
  • Parcel #: 489LeisureLaneFryeIsland04071
  • Zoning: ShoreLand

Tax Info

  • Tax Annual Amount: 7464.6
  • Tax Lot: 272
  • Tax Year: 2025

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2025 10/17/25 Sold $825,000 -8.2% $573 / Sq Ft
08/12/2025 08/12/25 Price Changed $899,000 -2.8% $624 / Sq Ft
07/15/2025 07/15/25 Price Changed $925,000 -2.1% $642 / Sq Ft
05/16/2025 05/16/25 For Sale $945,000 -- $656 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lois O'Connor

    Seller's Agent in 2025

    Lois O'Connor

    Sunset Lakes Real Estate

    (207) 841-5602

    25 in this area

    103 Total Sales

    Lois O'Connor
    Section Image

  • J

    Seller Co-Listing Agent in 2025

    Jennifer O'Connor

    Sunset Lakes Real Estate

    (704) 657-8969

    20 in this area

    64 Total Sales

    Jennifer O'Connor
    Section Image
  • Derek Goff Joseph Tomazin

    Buyer's Agent in 2025

    Derek Goff Joseph Tomazin

    Signature Homes Real Estate Group, LLC

    (207) 542-7563

    2 in this area

    271 Total Sales

    Derek Goff Joseph Tomazin
    Section Image
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Map

Source: Maine Listings

MLS Number: 1622842

Maine Listings
Maine Cumberland County 04071

489 Leisure Ln, ME

Sold

Detached

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