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Recreational Land with Home for Sale in Rangeley, Maine

M1 L12-10 Toothaker Is, Rangeley, ME 04970

$459,000
20.5 acres
Active sale
$20k drop
Est $2,691/mo

Discover an extraordinary opportunity to own a large parcel on Toothaker Island--a rare 20-acre legacy property on the pristine waters of Mooselookmeguntic Lake. With 485 feet of waterfront, mature forest, and exceptional privacy, this remarkable property is more than a getaway; it's an investment in generations of memories. Cherished by the same family for over 40 years, this unique island retreat offers the chance to establish a lasting family legacy. The expansive acreage provides exceptional long-term value, with ample space for future vision, or thoughtful expansion for the next generation. Tucked among the forest is a handcrafted log cabin built from timber harvested directly from the property, blending seamlessly into its surroundings. The cabin features an open-concept kitchen and living area, a first-floor bedroom, and a sleeping loft for additional guests. Thoughtfully equipped with both solar power and a generator, the cabin offers the comforts and conveniences needed to relax and enjoy extended stays. Several outbuildings provide convenient storage for boats, outdoor equipment, and recreational gear. Convenient access makes island ownership easy in every season. A state-owned public boat launch is located less than three miles from the property, providing a quick and convenient trip by boat to your private retreat during the warmer months. When winter arrives and the lake freezes, the property is accessible by snowmobile, making it easy to enjoy the peaceful beauty of Maine's winter landscape. Whether your dream is creating a private family compound, enjoying world-class boating and fishing, or escaping to the quiet beauty of the lake in every season, this exceptional property offers a rare combination of land, waterfront, privacy, accessibility, and enduring value. Opportunities to acquire a property of this size and significance on Mooselookmeguntic Lake are exceptionally rare, making this a legacy investment to be enjoyed for generations to come.

724
Sq feet
1
Bed
1985
Built

Location

Street address
M1 L12-10 Toothaker Is
Zip code
04970
Elevation
1,547 feet
Coordinates
44.8674, -70.7717

Property details

Acreage
20.5 acres
Zoning
LUPC
MLS #
MREIS 1663319
Posted

Parcels

  • toothakerislandrangeleyplantation04970

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Waterfront
Lake
Features
Level, Rural, Wooded

Exterior

Parking
None
Pool
Deck
Structures
Outbuilding

Structure

Heating
Wood, Wood Stove
Materials
Log, Log Siding, Wood Siding
Roof
Metal

Interior

Room Count
4
Flooring
Linoleum
Features
1st Floor Bedroom

Listing history

DateEventPriceChangeSource
July 15, 2026Price drop$459,000$20,000 -4.2%MREIS
May 21, 2026New listing$479,000MREIS
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This 20.5-acre property is located at M1 L12-10 Toothaker Is in Rangeley, ME 04970. The property is available for sale, priced at $459,000. It has a 724 square foot 1-bedroom house built in 1985.

Listed by Morton & Furbish Agency, (207) 864-5777

Checked 2 hours agoUpdated Source

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