127 Valley Avenue, Portland, ME, 04109
About This Home
Welcome to 127 Valley Avenue on beautiful Great Diamond Island, a private and peaceful retreat in the heart of Casco Bay. Set on a landscaped 0.28-acre wooded lot, this fully furnished, move-in ready home offers the perfect blend of modern updates and island charm, just a scenic 20-minute ferry ride from Portland. This thoughtfully remodeled 1,267-square-foot home features 2 bedrooms, 2 full bathrooms, a dedicated office, and a versatile bonus room. The updated kitchen showcases granite countertops, all new appliances, and a built-in bar complete with a mini fridge and keg refrigerator, creating an ideal space for entertaining. Enjoy the changing seasons from the enclosed wraparound porch, or cozy up by the propane fireplace on cooler evenings. Extensive improvements include five newly installed heat pumps, upgraded insulation, a new well, a new septic system, and thoughtful storage enhancements. Outside, enjoy beautifully maintained gardens, a self-watering vegetable garden, outdoor shower, hot tub, and additional storage building--perfect for embracing the relaxed island lifestyle. Great Diamond Island offers tranquil beaches, scenic walking paths, two island restaurants, and a relaxed coastal lifestyle just minutes from Portland's shopping, dining, airport, and rail service. Whether you're seeking a seasonal getaway or a nearly year-round island residence, this turnkey property offers an exceptional opportunity to enjoy the best of Maine island living.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1884
Materials
- Roof: Shingle
- Construction materials: Wood Frame,Clapboard
Type & Style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Cooktop,Dishwasher,Dryer,Microwave,Gas Range,Refrigerator,Trash Compactor,Wall Oven,Washer
Basement
- Basement: Crawl Space
Bedroom1
- Level: Second
Bedroom2
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Bonus Room
- Level: Second
Dining Room
- Level: First
Features
- Attic,Shower,Storage
- Flooring: Hardwood
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 1,267
Heating & Cooling
- Heating features: Direct Vent Heater
- Cooling features: Heat Pump
Interior Area
- Total structure area: 1,267
- Total interior livable area: 1,267 sqft
Kitchen
- Level: First
Living Room
- Level: First
Office
- Level: Second
Property
Details
- Parcel number: PTLDM083ABR013001
- Zoning: IR2
- Other equipment: Generator
Features
- Patio & porch: Screened
- Has spa: Yes
Lot
- Lot size: 0.28 Acres
- Features: Near Golf Course,Near Public Beach,Landscaped,Wooded
Parking
- Parking features: Gravel,1 - 4 Spaces
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Ice Storm
- Winter Weather
- Hurricane
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,044 | $48,528 |
| Home Insurance | $263 | $3,156 |
| Property Taxes | $899 | $10,788 |
| Electricity | $244 | $2,930 |
| Total | $5,450 | $65,400 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-28 | Listed for sale | $799,900 |
| 2021-09-10 | Sold | $555,500 |
| 2021-07-30 | Pending sale | $550,000 |
| 2021-07-21 | Listed for sale | $550,000 |
For Sale by Agent
View on Zillow