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489 Leisure Lane, 
Frye Island, ME 04071

$925,000


6

Beds


2

Baths


1,440

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Lois O'Connor

Jennifer O'Connor

Sunset Lakes Real Estate

Last updated:

July 15, 2025, 03:05 PM

MLS#

1622842

Source:

ME MREIS

About This Home

489 Leisure Lane

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.

Home Facts

Single Family

2 Baths

6 Bedrooms

Built in 1980

Price Summary

925,000

$642 per Sq. Ft.

MLS #:

1622842

Last Updated:

July 15, 2025, 03:05 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,440 Sq. Ft.


Structure

Structure

Architectural Style:

Contemporary, Cottage

Building Area:

1,440 Sq. Ft.

Year Built:

1980


Lot

Lot Size (Sq. Ft):

15,246


Finances & Disclosures

Finances

Price:

$925,000

Price per Sq. Ft:

$642 per Sq. Ft.

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MREIS Multiple Listing Service™ system Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved

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