20

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
  • /20

    $424,900

    • 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
  • /41

    $449,000

    • 3 Beds
    • 1.5 Baths
    • 1,248 Sq Ft

    84 Harbor View Rd, Limerick, ME 04048

    Welcome to this new, thoughtfully designed ranch in the Lake Arrowhead community--where easy one-level living meets year-round recreation. Built in 2024, this home offers 3 bedrooms, 1.5 baths, and an open, functional layout designed for modern living. The spacious kitchen flows seamlessly into the living area, creating a comfortable space for everyday life and entertaining alike. With all

    Megan Brown Erling Brown Maine Real Estate Experts

    84 Harbor View Rd, Limerick, ME 04048
  • /25

    $519,000

    • 3 Beds
    • 1.5 Baths
    • 1,708 Sq Ft

    202 Beaver Brook Rd, Limerick, ME 04048

    OPEN HOUSE SATURDAY 11-1 LAKEFRONT LIVING in this very well-maintained ranch style home on over 680 feet on Lake Arrowhead! Three beds, 1.5 baths and so much more. Open concept Kit/Liv/Din with cathedral ceilings. Large carport, on demand generator, and metal roof are just some of the upgrades. Family/game room in lower level and walkout right to the dock. Fish, swim and boat from your dock in

    Diane Gray Treeline to Shoreline Realty

    202 Beaver Brook Rd, Limerick, ME 04048
  • /29

    $425,000

    • 3 Beds
    • 1.5 Baths
    • 960 Sq Ft

    157 Silver Ln, Limerick, ME 04048

    Lakefront cottage with fabulous waterfront! Beautiful gently sloping lot to the water with 112 ft of owned frontage. Come enjoy the loons, eagles, great swimming and fish off your dock. Three beds, 1.5 baths. Primary bedroom offers half bath. Pellet stove, walk out basement and a screened in porch where morning coffee tastes better! Huge rear yard on the lake is perfect for all your summer

    Diane Gray Treeline to Shoreline Realty

    157 Silver Ln, Limerick, ME 04048
  • /39

    $550,000

    • 3 Beds
    • 2 Baths
    • 2,099 Sq Ft

    54 Raptor Ridge Rd, Limerick, ME 04048

    Nestled amongst the woods and serene shores of Brown Brook this extensively renovated home at 54 Raptor Ridge offers a harmonious blend of modern comforts & natural beauty. Fed by Little Ossipee Lake and Arrowhead Lake, the brook provides direct access to waterways ideal for canoeing, kayaking, fishing. A well-maintained pathway leading directly from the house to Brown Brook, ensures easy access

    Teri Woods The Aland Realty Group, LLC

    54 Raptor Ridge Rd, Limerick, ME 04048
  • /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
  • /15

    $200,000

    • Land
    • 10.75 Acres
    • $18,605 per Acre

    Lot 23 Stony Brook Dr, Limerick, ME 04048

    Discover the perfect balance of privacy and community with this exceptional 10.75-acre parcel nestled within the highly sought-after Lake Arrowhead Community in Limerick. Offering a rare opportunity to own a large, wooded homesite in a well-established residential association, this L-shaped lot provides flexibility and freedom to design your ideal retreat. With generous road frontage, you have

    Bob Letellier Coldwell Banker Realty

    Lot 23 Stony Brook Dr, Limerick, ME 04048
  • /12

    $110,000

    • Land
    • 1.82 Acres
    • $60,440 per Acre

    48 Leisure Ln, Limerick, ME 04048

    Your dream home starts here. This beautiful 1.82-acre lot in the sought-after Lake Arrowhead community presents a rare opportunity to build the home you've always envisioned, surrounded by the natural beauty of Maine. With multiple beach access points, including one directly across the street, lakeside living is right at your doorstep.Lake Arrowhead is a vibrant, amenity-rich community. Two

    Kaili Moore Portside Real Estate Group

    48 Leisure Ln, Limerick, ME 04048
  • /24

    $165,000

    • Land
    • 10.07 Acres
    • $16,385 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
  • /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
  • /38

    $415,000 Open Sun 12PM - 2PM

    • 3 Beds
    • 1.5 Baths
    • 2,259 Sq Ft

    657 New Dam Rd, North Waterboro, ME 04061

    Welcome to this spacious and inviting 3-4 bedroom Cape Cod style home, perfectly situated within the sought-after Lake Arrowhead Community. Offering 11⁄2 baths and a flexible floor plan, this home provides plenty of room to grow, work, and relax. The updated kitchen features newer appliances and modern touches, making it both functional and stylish--ideal for everyday living and entertaining. A

    Bob Letellier Coldwell Banker Realty

    657 New Dam Rd, North Waterboro, ME 04061
  • /40

    $400,000 Open Sun 11AM - 1PM

    • 3 Beds
    • 2 Baths
    • 1,240 Sq Ft

    32 Balsam Dr, North Waterboro, ME 04061

    Welcome to this well-kept 3-bedroom, 2-bath Cape located in the desirable Lake Arrowhead Community. Built in 2003, this home offers a bright, functional layout with a sun-filled living room, spacious kitchen with stainless steel appliances, updated bath, and easy flow for everyday living. A full basement provides excellent storage and future potential, while the backyard offers room to relax,

    Elias Leland Coldwell Banker Realty

    32 Balsam Dr, North Waterboro, ME 04061
  • /45

    $650,000

    • 4 Beds
    • 3 Baths
    • 3,639 Sq Ft

    26 Old Country Way, Limerick, ME 04048

    A Home for the Ages -- Where Contemporary Comfort Meets Timeless Design, Welcome to this stunning 4-bedroom, 3 full bath contemporary home, thoughtfully designed with modern conveniences and built for effortless living in every season. From the moment you step inside, you'll appreciate the warmth and comfort of radiant heated floors extending throughout the entire home -- and even into the 3-car

    Bob Letellier Coldwell Banker Realty

    26 Old Country Way, Limerick, ME 04048
  • /34

    $659,000 Open Sat 1:30PM - 3:30PM

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

    59 Crescent Dr, North Waterboro, ME 04061

    BEAUTIFUL nearly flat lot right to the water!! 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

    Diane Gray Treeline to Shoreline Realty

    59 Crescent Dr, North Waterboro, ME 04061
  • /41

    $389,000

    • 3 Beds
    • 1 Bath
    • 1,152 Sq Ft

    52 Rosemont Ave, North Waterboro, ME 04061

    Nature enthusiasts take notice!! Peace, serenity, and Lake Arrowhead awaits you! This is a great opportunity to get into an established and much desired neighborhood that is walking distance to Lake Arrowhead. Situated on a triple lot, the home features a newer kitchen, with an enclosed porch. Bedrooms are on the main floor, with a bonus room in the basement awaiting your finishing touches.

    Shawn Boissonneault Verrill Real Estate, Inc

    52 Rosemont Ave, North Waterboro, ME 04061
  • /14

    $275,000

    • 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
  • /4

    $60,000

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

    Lot# 11 Business Park Rd, Limerick, ME 04048

    Brian Samia Century 21 North East

    Lot# 11 Business Park Rd, 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 five combined waterfront lots (Lot#1003, 1004, 1004A, 1005, 1006) 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

    KIMBERLY HAESLER EXP Realty

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

    $279,000

    • 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

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 is the average home price in Lake Arrowhead, ME?
Homes for sale in Lake Arrowhead, ME have an average home price of $425,000.
Are home prices dropping in Lake Arrowhead?
Yes, home prices in Lake Arrowhead are down 7% in the last 12 months.
How many homes have sold over the last 12 months in Lake Arrowhead, ME?
1 home has sold in Lake Arrowhead, ME over the last 12 months.
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 much do you need to make to afford a house in Lake Arrowhead?
The median home price in Lake Arrowhead is $425,000. If you put a 20% down payment of $85,000 and had a 30-year fixed mortgage with an interest rate of 6.31%, your estimated principal and interest payment would be $2,110 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $90K a year to afford the median home price in Lake Arrowhead. Learn how much home you can afford with our Home Affordability Calculator.
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.

Home Trends in Lake Arrowhead, ME

Housing Trends

Median Sale Price
$405,000
Median Single Family Sale Price
$405,000
Average Price Per Sq Ft
$301
Number of Homes for Sale
0
Last 12 months Home Sales
1
Months of Supply
0.00
Median List Price
$425,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-3%
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