Project 3: affordable Homeownership opportunity

1193 Sunshine Rd, Deer Isle, ME 04627

IWH is pleased to announce our first Affordable Homeownership Opportunity: a 3-bedroom, 2-bath, 1,440 square foot home on a quiet 0.56 lot in Sunshine.

This home is for sale to income-eligible applicants at a price of $265,000.

Recent improvements include: insulation, replacement windows, heat pump and rooftop PV solar panels, a level 2 car charger, new exterior door, new front entry stairs, new rear patio area and screen fencing, new island countertop, and interior painting.

Thanks to the generosity of IWH’s supportive donors, it is being offered at a below-market price set to be affordable to households earning at least $72,750 annually. Households with annual incomes up to $116,380 are eligible to apply.

This beautifully updated split-level ranch combines comfortable living spaces with thoughtful energy-efficient upgrades. The kitchen features a large island, double-oven range, and abundant storage. The primary bedroom includes a private bath with a double vanity, large walk-in closet, and walk-in shower. Two additional bedrooms share a second full bath with a deep soaking tub. The single-car garage/basement offers flexible space for parking, a workshop, or additional storage.

An affordability covenant will ensure that the home remains a permanently-affordable year-round home. The covenant sets eligibility requirements and includes a maximum resale price calculation that accounts for original purchase price, approved-improvements, and increases in the area median income.

A lottery process will make the home available to qualified applicants, with eligibility requirements based on household income and assets, local residency or employment, and mortgage pre-approval. Additional details can be found in the application package.

Open Houses are scheduled for:

Sunday October 4th from 1:00pm-4:00pm
Sunday October 11th from 1:00pm-4:00pm

Completed applications should be mailed to: Island Workforce Housing, PO Box 523, Deer Isle, ME 04627

or submitted online with supporting documentation here.

Completed Applications are due by 8:00 pm on Thursday november 5th, 2026

 Please review the package in its entirety. It includes:
- an Overview of the offering
- a two-page Application
- four pages of Frequently Asked Questions
- the Purchase & Sale Agreement
- the Affordability Covenant

Email ownership@islandworkforcehousing.org with any questions that aren’t answered in the package!

We have a photographer scheduled to come by once the new island countertop is installed, so check back in late September for new and improved photos of the house and landscape. Stay tuned!