16

Lake Arrowhead, ME Homes for Sale

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  • /33

    $3,900,000

    • Land
    • 54.21 Acres
    • $71,942 per Acre

    138 Fairview Dr, North Waterboro, ME 04061

    This is a rare opportunity to acquire 54 acres of prime, development-stage lakefrontproperty with engineered lot layout, power infrastructure, and conceptual roadwaysalready in place. Situated on the pristine shores of Lake Arrowhead in Waterboro, Maine,this property offers unmatched privacy, waterfront access, and long-term value in a high-demand region.  Flexible Deal

    Agent Photo

    Davian Akers

    Keller Williams Realty

    (207) 290-8135

    138 Fairview Dr, North Waterboro, ME 04061
  • /5

    $125,000

    • Land
    • 0.95 Acre
    • $131,579 per Acre

    0 Island Rd Unit 1643509, Limerick, ME 04048

    Build your ideal lakefront home on this beautiful 0.95-acre lot with 205 feet of frontage on tranquil Lake Arrowhead. Enjoy scenic water views, excellent privacy, and direct access for swimming, boating, and fishing. Bring your vision and make the most of this special waterfront setting.

    Cheryl Pelletier Tim Dunham Realty

    0 Island Rd Unit 1643509, Limerick, ME 04048
  • /20

    $459,900

    • 3 Beds
    • 2.5 Baths
    • 2,234 Sq Ft

    4 Imperial Way, North Waterboro, ME 04061

    Newly renovated 3 bedroom colonial on corner lot which features a master suite with bath and walk in closet. New flooring throughout. Bonus room in basement. Fenced backyard. New high efficiency hybrid hot water heater. Enjoy all the Lake Arrowhead boat launch and rec centers are just over a mile down the road.

    Jason Saphire www.HomeZu.com

    4 Imperial Way, North Waterboro, ME 04061
  • /33

    $439,900

    • 3 Beds
    • 2 Baths
    • 1,624 Sq Ft

    60 Sequoia Ln, North Waterboro, ME 04061

    Lovely home located in peaceful setting with owned access to the main lake! Affordable 3 bedroom, 2 bath, 2 car garage cape in Lake Arrowhead Community. Hardwood floors, great kitchen w/dining room. Large living room with deck overlooking yard and lake. This property comes with 3 combined lots w/355 ft of owned frontage. Perfect area for walks, deer watching, paddling to the main lake and more.

    Diane Gray Treeline to Shoreline Realty

    60 Sequoia Ln, North Waterboro, ME 04061
  • /24

    $170,000

    • Land
    • 10.07 Acres
    • $16,882 per Acre

    TBD New Dam Rd, North Waterboro, ME 04061

    Have you been searching for the perfect large lot to build your dream home? Look no further than this gorgeous private 10.07 acre lot on New Dam Rd in Waterboro. Close to all the amenities you need yet surrounded by wilderness. Lake Arrowhead is only 3 mins away. The driveway & home location has been cleared already & is awaiting your dream home. Seller is offering a build package.

    Leah Gagne Locations Real Estate Group LLC

    TBD New Dam Rd, North Waterboro, ME 04061
  • /11

    $411,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,232 Sq Ft

    477 New Dam Rd, Waterboro, ME 04061

    Escape to serenity in this pristine new construction ranch with coveted beach rights to Lake Arrowhead. Thoughtfully designed with bright, modern living spaces and clean finishes throughout, this home blends contemporary style with the natural beauty of its surroundings. Large windows flood the home with natural light, highlighting the neutral color palette, beautiful flooring, and striking black

    Shonn Moulton The Moulton Group Real Estate Brokering and Appraising

    477 New Dam Rd, Waterboro, ME 04061
  • /2

    $70,000

    • Land
    • 1.75 Acres
    • $40,000 per Acre

    LOT# 8 Business Park Rd, Limerick, ME 04048

    Unlock the potential of this industrial/commercial property located in the Limerick Business Park. 1.75 acres, offering flexibility for development, expansion or investment.

    Brian Samia Century 21 North East

    LOT# 8 Business Park Rd, Limerick, ME 04048
  • /35

    $690,000

    • 3 Beds
    • 2.5 Baths
    • 1,350 Sq Ft

    59 Crescent Dr, North Waterboro, ME 04061

    Open‑concept colonial on Lake Arrowhead offering 127 feet of owned waterfront and desirable one‑floor living! The main level features a primary ensuite with a large walk‑in closet, granite island kitchen with stainless steel appliances, spacious living room w/vaulted ceilings and dedicated dining area. Laundry and a half bath complete the first floor.The second level offers

    Diane Gray Treeline to Shoreline Realty

    59 Crescent Dr, North Waterboro, ME 04061
  • /4

    $60,000

    • Land
    • 2.09 Acres
    • $28,708 per Acre

    Lot# 11 Business Park Rd, Limerick, ME 04048

    Excellent opportunity to acquire a 2.09-acre corner lot in the Limerick Business Park. This prime parcel offers easy access, making it ideal for development, investment, or business expansion.

    Brian Samia Century 21 North East

    Lot# 11 Business Park Rd, Limerick, ME 04048
  • /19

    $82,500

    • Land
    • 0.65 Acre
    • $126,923 per Acre

    65 Beaver Dam Rd Unit Lot A, North Waterboro, ME 04061

    READY-TO-BUILD LOT — 58K+ IN IMPROVEMENTS ALREADY DONE! Offered at 90K This is not your average lot — it's a turn-key, ready-to-build homesite where the seller has already invested over $58,000 so you don't have to! Save time, money, and headaches — this property is truly shovel-ready. * 40K - Full lot clearing completed (July 2025)* 17K - Active building permit paid in full* 1K - Custom

    Jhon Florez Gracia Maine Real Estate Co

    65 Beaver Dam Rd Unit Lot A, North Waterboro, ME 04061
  • /14

    $299,711

    • 3 Beds
    • 1 Bath
    • 1,326 Sq Ft

    3 Division Rd, Limerick, ME 04048

    Investors and someone handy in small repair & cosmetic work take note. This 3 bedroom 1 bath home with Kitchen open to Dining room, Living room. Bedroom on the 1st floor and 2 larger bedrooms on the second floor. Side deck off the kitchen. A spacious private .76 acre corner lot. Full dry basement with Washer & Dryer. Clubhouse's with fitness room, indoor swimming pool, play grounds, tennis courts

    Paula Standley Better Homes & Gardens Real Estate/The Masiello Group

    3 Division Rd, Limerick, ME 04048
  • /20

    $324,999

    • 3 Beds
    • 2 Baths
    • 1,200 Sq Ft

    4 Deer Crossing Rd, Limerick, ME 04048

    Welcome to this thoughtfully renovated 3-bedroom, 2-bath ranch in the Lake Arrowhead community. Designed for comfortable one-level living, this home features an inviting open floor plan, updated kitchen with and stainless-steel appliances, and a bright living area perfect for gathering. The primary bedroom offers its own full bath, while two additional bedrooms provide flexible space for guests,

    Jason Saphire www.HomeZu.com

    4 Deer Crossing Rd, Limerick, ME 04048
  • /24

    $425,000 Coming Soon

    • 3 Beds
    • 1.5 Baths
    • 960 Sq Ft

    157 Silver Ln, Limerick, ME 04048

    Adorable lakefront home on Lake Arrowhead. Beautiful gently sloping lot to the water with 112 ft of owned frontage. Three beds, 1.5 baths and a walk out basement. Screened in porch is perfect for enjoying the wildlife and watching the lake activities. Fabulous lakefront at an affordable price. Showings start 3/6/2026.

    Diane Gray Treeline to Shoreline Realty

    157 Silver Ln, Limerick, ME 04048
  • /12

    $229,500

    • Land
    • 2.3 Acres
    • $99,783 per Acre

    148 Beaver Brook Rd, Limerick, ME 04048

    Rare opportunity to own six combined waterfront lots with nearly 300 feet of frontage on Lake Arrowhead. This unique parcel within the Lake Arrowhead Community offers exceptional privacy, flexibility, and breathtaking unobstructed water views. The land directly across the water is protected and cannot be developed, ensuring that your peaceful lake views remain permanently unobstructed. This rare

    KIMBERLY HAESLER EXP Realty

    148 Beaver Brook Rd, Limerick, ME 04048
  • /34

    $299,000

    • 3 Beds
    • 2 Baths
    • 1,572 Sq Ft

    374 New Dam Rd, North Waterboro, ME 04061

    Opportunity knocks! This 3 bedroom, 2 bath home built in 1999 is perfectly positioned in a highly desirable location, offering convenience, accessibility, and strong long term value. With great bones and a functional layout, this property is ready for someone with vision to bring it back to life. Priced well below market value, this is your chance to build instant sweat equity and create the home

    Jennifer Sumrall The Maine Real Estate Experience

    374 New Dam Rd, North Waterboro, ME 04061
  • /27

    $450,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,336 Sq Ft

    240 Leisure Ln, Limerick, ME 04048

    NEW CONSTRUCTION - READY MID FEBRUARY! This beautiful ranch-style home offers 3 bedrooms, 2 full baths, and 1,336 sq. ft. of thoughtfully designed living space, complete with an attached 2-car garage. The open-concept layout seamlessly connects the kitchen, dining, and living areas, creating a bright and inviting atmosphere ideal for everyday living and entertaining. The kitchen features

    Amanda Gervais RE/MAX Coastal

    240 Leisure Ln, Limerick, ME 04048

Why Live in Lake Arrowhead

Lake Arrowhead in Waterboro, Maine, is a large subdivision centered around the 779-acre lake of the same name, spanning the towns of Limerick and Waterboro. With about 2,800 residents, the community enjoys private beaches, waterfront access, and clubhouses with recreational spaces and fitness rooms. The neighborhood features backyard docks and private beaches, making it ideal for kayaking and fishing, with winter activities like snowmobiling and ice fishing also popular. Residents have access to two clubhouses, one in Limerick with a gym and another in Waterboro featuring games like pool and ping pong. The area is surrounded by preserves with trails, such as Dragonfly Island and Monaco Island.

Homes in Lake Arrowhead typically sit on half-acre plots, with some larger two-acre lots available. Architectural styles include Cape Cods, ranches, new traditional houses, and colonials, with many homes dating back to the 1980s. The community hosts events like ice cream parties in the summer and a Holiday Lights Contest in the winter.

Local amenities include restaurants like The Peppermill Restaurant and Town Hill Grille, as well as grocery stores such as Limerick Supermarket and Hannaford in Waterboro. Larger retail options like Target and Walmart are about 22 miles away, while Portland, 32 miles away, offers additional dining and nightlife options. The area is safer than the national average, with a low crime risk. However, properties closer to the shore have a higher flood risk, and flood insurance is recommended. The neighborhood is car-dependent, with state Route 117 providing access to Portland, and the nearest emergency room is 22 miles away at Maine Medical Center in Biddeford.

Frequently Asked Questions

What are the most popular zip codes in Lake Arrowhead, ME?
The most popular zip codes in Lake Arrowhead, ME include 04061, 04048, 04049, 04030 and 04042.
How are the schools in Lake Arrowhead, ME?
Lake Arrowhead, ME has highly rated public and private schools. Some of the best schools in Lake Arrowhead based on Niche Grades are Massabesic High School and Bonny Eagle High School. Browse all the schools in Lake Arrowhead, ME to learn more.
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