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Single Family for Sale: 31 Prince Avenue, Portland, ME 04108

5 beds
1 full, 1 half baths
$475,000
$475,000
31 Prince Avenue, Portland, ME 04108
5 beds
1 full, 1 half baths
$475,000
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Price:
$475,000
$20,000 - 01/29/2025

Type Single Family
Style Cottage
Beds 5
Baths 1 full, 1 half baths
Square Feet 1,667 sqft
Lot Size 0.23 acres
Year Built 1930
Taxes Paid $5,267

City Portland
County Cumberland

MLS 1601161
Status Active
DOM 21 days
Located in the heart of Peaks Island, the most popular of Casco Bay's gems, this delightful seasonal cottage offers the perfect blend of rustic charm and modern potential. Situated at 31 Prince Avenue, this 5-bedroom retreat is surrounded by the serene beauty of the island and is just a short ferry ride from downtown Portland, with frequent daily trips for your convenience. Step inside to discover the warmth of natural wood throughout, complemented by charming built-ins that add character and practicality. The spacious decks provide ample space for hosting, whether you're enjoying morning coffee or evening gatherings with friends and family. Additionally, an outdoor shower enhances the island living experience, perfect for rinsing off after a day at the beach. While the cottage exudes charm, a few upgrades could make it truly shine. A fresh coat of paint on the exterior, some window updates, and potentially a new roof will transform this property into an ideal vacation getaway or lucrative Airbnb rental. Tucked away in a quiet neighborhood, this property offers an escape from the hustle and bustle, making it the perfect island retreat. Don't miss the opportunity to own a piece of Peaks Island paradise and create lasting memories in this unique and inviting cottage.

Room Features

Bedroom 1 Second floor
Bedroom 2 Second floor
Bedroom 3 Second floor
Bedroom 4 Second floor
Bedroom 5 First floor
Dining Room First floor
Family Room First floor
Kitchen First floor
Living Room First floor
Basement Description None, Not Applicable

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $5,267

Price History of 31 Prince Avenue, Portland, ME

Date Name Price Difference
01/29/2025 Price Adjustment $475,000 4.04%
01/10/2025 Price Adjustment $495,000 3.88%
09/11/2024 Price Adjustment $515,000 1.90%
09/03/2024 Price Adjustment $525,000 4.55%
01/09/2025 Listing Price $550,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$530,000
$309 / sqft
Average
$530,000
$309 / sqft
High
$530,000
$309 / sqft

Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Portland 04108 5 2.0 $475,000 1,667 $285 N/A
91 New Island Avenue Portland 04108 4 1.0 $530,000 1,716 $309 12/03/2024

Map of 31 Prince Avenue, Portland, ME

Location Map Street View
Listed by On Point Realty, Tasha Massey 207-754-5058
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31 Prince Avenue (MLS #1601161) is a cottage single family home located in Portland, ME. This single family home is 1,667 sqft and on a lot of 10,019 sqft (or 0.23 acres) with 5 bedrooms, 2 baths and is 95 years old. This property was listed on 01/09/2025 and has been priced for sale at $475,000.

The 4 bedroom single family home at 91 New Island Avenue in Portland is nearby and sold for $530,000 on 12/03/2024.

Nearby zip codes are 04050, 04101, 04105, 04106 and 04109. This property neighbors other cities such as Cape Elizabeth, Chebeague Island, Falmouth, Long Island and South Portland.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: On Point Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2025 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.