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489 Leisure Lane, Frye Island, ME 04071

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For Sale

$945,000

6 beds • 2 baths • 1,440 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • $656.25
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

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, 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 offer.
MLS# 1622842

Courtesy Of Sunset Lakes Real Estate
53 South Casco village Rd, Casco, ME 04015
(207) 655-2139

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Deck, Water Front
  • Architecture Style
    Contemporary
  • Exterior Type
    Wood Siding
  • Floor Covering
    Carpet, Laminate
  • Heating System
    Baseboard
  • Lot Size
    0.35 Acres
  • Rooms
    Kitchen, Living Room

Map and Directions

Directions to 489 Leisure Lane, Frye Island, ME 04071

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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