24

Lake Arrowhead, ME Homes for Sale

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  • /46

    $635,000

    • 3 Beds
    • 2.5 Baths
    • 2,570 Sq Ft

    6 Little Ossipee Landing, Waterboro, ME 04061

    Prepare to fall in love with this immaculate, turnkey Colonial built by Berube Builders in a quiet Waterboro neighborhood. Boasting exceptional curb appeal with a classic farmer's porch and manicured landscaping, this rock-solid home comes with pre-list inspections to convey confidence in this amazing home. The open-concept naturally flows from the living room with a gas fireplace to the sunroom,

    Agent Photo

    Davian Akers

    Keller Williams Realty

    6 Little Ossipee Landing, Waterboro, ME 04061
  • /33

    $339,900

    $10K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 720 Sq Ft

    80 Ridgeway Cir, North Waterboro, ME 04061

    This adorable two bedroom home sits on a pretty lot with water views, peaceful lake breezes, and is just a short 4 minute walk to one of the 14 neighborhood beaches. If you have been looking for an affordable year round home or vacation getaway, this house is move in ready. Enjoy the association beaches, pools, and clubhouses. The full walk-out basement is framed, electric work completed,

    Agent Photo

    Kamal Perkins

    Landing Real Estate

    80 Ridgeway Cir, North Waterboro, ME 04061
  • /12

    $400,000

    • Land
    • 8 Acres
    • $50,000 per Acre

    M17L1 New Dam Rd Unit 1, North Waterboro, ME 04061

    Proposed estimated 8 acre subdivision with the opportunity for 8 house lots. Access if from New Dam rd by a nice flat gravel road. Homes can have access to Lake Arrowhead for recreation. This is not a part of an association. Selling is willing to offer creative financing to help developers get started. Approvals have expired and will need reapproval. This listing is a part of MLS #1609318

    Agent Photo

    Davian Akers

    Keller Williams Realty

    M17L1 New Dam Rd Unit 1, North Waterboro, ME 04061
  • /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

    138 Fairview Dr, North Waterboro, ME 04061
  • /20

    $424,900

    $75K PRICE DROP
    • 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
  • /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
  • /11

    $229,500

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

    148 Beaver Brook Rd, Limerick, ME 04048

    Rare opportunity to own 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 offering consists of a private

    Kimberly Haesler eXp Realty LLC - Corporate Office

    148 Beaver Brook Rd, Limerick, ME 04048
  • /56

    $699,000

    $40K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,750 Sq Ft

    68 Diamond Dr, North Waterboro, ME 04061

    Welcome to Lake Arrowhead Community. A one of a kind property that sits overlooking the lake. Enjoy the sunrises and sunsets from the dock, sunroom or outside patio area while listening to the Maine loons. Well sought after community offers clubhouse with workout room, pools and tennis courts. A quick weekend drive will have you sitting by the water in no time. This home has 2 full bedrooms, and

    Hannah Knudsen Portside Real Estate Group

    68 Diamond Dr, North Waterboro, ME 04061
  • /12

    $99,000

    $11K PRICE DROP
    • Land
    • 1.82 Acres
    • $54,396 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
  • /2

    $65,000

    • Land
    • 2.4 Acres
    • $27,083 per Acre

    0 Hunter Rd Unit 1658355, North Waterboro, ME 04061

    Own the whole cul-de-sac! 2.4 acres includes 5 lots in Lake Arrowhead Community. Lots of privacy to build your house and garage on.

    Diane Gray Treeline to Shoreline Realty

    0 Hunter Rd Unit 1658355, North Waterboro, ME 04061
  • /24

    $159,000

    $11K PRICE DROP
    • Land
    • 10.07 Acres
    • $15,789 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
  • /47

    $398,400

    $2K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    22 Hillside Rd, North Waterboro, ME 04061

    Affordable Lake Arrowhead Retreat - Turnkey & Move-In Ready!Escape to the highly desirable Lake Arrowhead Community with this beautifully renovated 2-bedroom, 1-bath ranch featuring a full walk-out basement with the potential to add a third bedroom (subject to Town approval). A 3-bedroom septic design is already on file, offering excellent expansion possibilities. Currently operating as a

    Steve Levine American Real Estate

    22 Hillside Rd, North Waterboro, ME 04061
  • /32

    $174,000

    New Construction $24K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 2,392 Sq Ft

    19 Lenox Cir, Lake Arrowhead, ME 04061

    Opportunity awaits at 19 Lenox Circle in the desirable Lake Arrowhead Community! Tucked away at the end of a quiet cul-de-sac on a .42-acre lot, this partially completed new construction offers a rare chance to finish a home your way while skipping much of the early site work and exterior construction already completed. The lot has been cleared, the foundation has been poured, and the home is

    Michael Thomas Keller Williams Realty

    19 Lenox Cir, Lake Arrowhead, ME 04061
  • /17

    $49,900

    • Land
    • 27,878 Sq Ft
    • $77,969 per Acre

    42-97 Old Country Way, Limerick, ME 04048

    Discover the opportunity to build your dream home in the highly desirable Lake Arrowhead Community! This corner lot, just over half an acre, offers the perfect blend of privacy, recreation, and community living. Enjoy access to multiple private beaches, playgrounds, and two outstanding clubhouse facilities featuring indoor and outdoor swimming pools, a fitness center, game room, and year-round

    Peggy Hill Coldwell Banker Realty

    42-97 Old Country Way, Limerick, ME 04048
  • /41

    $370,000

    $19K PRICE DROP
    • 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
  • /52

    $419,000

    • 3 Beds
    • 3 Baths
    • 2,052 Sq Ft

    169 Grandview Dr, Limerick, ME 04048

    Nestled on a private wooded lot in the Lake Arrowhead Community, this well maintained 3 bedroom, 3 bathroom home offers the perfect balance of comfort, flexibility, and outdoor living. The main level features a spacious kitchen with granite countertops, ample cabinetry, a sunny breakfast nook, a formal dining area, and an inviting living room with a cozy gas fireplace. Sliding glass doors open to

    Calvin Shelley Keller Williams Realty

    169 Grandview Dr, Limerick, ME 04048
  • /18

    $139,900

    • Land
    • 3.15 Acres
    • $44,413 per Acre

    Lot #36 Beaver Brook Rd, Limerick, ME 04048

    Incredible opportunity to own a massive 3.15-acre waterfront property consisting of 6 combined lots! This beautifully surveyed parcel offers a rare level of privacy and space, featuring 2 potential building windows to design your dream retreat. Enjoy full access to all the highly desirable amenities of the Lake Arrowhead community, including beaches, clubhouses, pools, and boat launches. Bring

    Julie Chandler PO-GO REALTY

    Lot #36 Beaver Brook Rd, Limerick, ME 04048
  • /46

    $675,000

    • 3 Beds
    • 2.5 Baths
    • 1,866 Sq Ft

    311 Chadbourne Ridge Rd, Waterboro, ME 04061

    BRAND NEW EAST WATERBORO BEAUTY--- Located on 1.84 acres, this contemporary ranch features 3 bedrooms, 2.5 baths, and quality craftsmanship throughout. The open-concept floor plan features a spacious living room with vaulted ceiling, gas fireplace, and custom built-ins. The kitchen is appointed with quartz countertops, pantry, and upgraded finishes, making it ideal for both everyday living and

    Evan Cyr Better Homes & Gardens Real Estate/The Masiello Group

    311 Chadbourne Ridge Rd, Waterboro, ME 04061
  • /4

    $49,900

    $10K PRICE DROP
    • Land
    • 2.09 Acres
    • $23,876 per Acre

    Lot# 11 Business Park Rd, Limerick, ME 04048

    Brian Samia Century 21 North East

    Lot# 11 Business Park Rd, Limerick, ME 04048
  • /34

    $269,000

    $30K PRICE DROP
    • 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
  • /14

    $85,000

    $15K PRICE DROP
    • Land
    • 1.14 Acres
    • $74,561 per Acre

    Lot 65 Leisure Ln, Limerick, ME 04048

    Discover the perfect blend of privacy and recreation with this beautiful 1.14 acre wooded lot located in the desirable Lake Arrowhead Community. Nestled in a quiet setting, this property offers a peaceful retreat while providing access to an abundance of amenities. Enjoy the luxury of private beaches, a club house, fitness center, swimming pools, and playgrounds. Outdoor enthusiasts will love the

    Jolene Durkee Dream Home Realty LLC

    Lot 65 Leisure Ln, Limerick, ME 04048
  • /5

    $55,000

    • Land
    • 21,780 Sq Ft
    • $110,000 per Acre

    Lot 3 Fisher Dr, Limerick, ME 04048

    Build your new home in an area of other new homes conveniently located near Limerick Village. Be part of the Lake Arrowhead Community and enjoy its beaches, Clubhouses and Pools and even a gym. This is a tax acquired property. Offers are due July 21 at noon to be presented to the board at the meeting 7/21

    Casey Gray RE/MAX Coastal

    Lot 3 Fisher Dr, Limerick, ME 04048
  • /6

    $60,000

    • Land
    • 1.48 Acres
    • $40,541 per Acre

    Lots 24-26 Katie Cir, Limerick, ME 04048

    Now is your chance to own a buildable lot in the Lake Arrowhead Community! This wooded corner lot is a tax acquired property. It is three lots that have been combined to one. They may never be divided and are considered one buildable lot. See Deed for details. With high ground farther down Katie Circle and sloping area at the beginning of Katie Circle, come take a look and imagine where you might

    Sheila Helmuth Maine Real Estate Experts

    Lots 24-26 Katie Cir, 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 is the average home price in Lake Arrowhead, ME?
Homes for sale in Lake Arrowhead, ME have an average home price of $311,250.
Are home prices dropping in Lake Arrowhead?
Yes, home prices in Lake Arrowhead are down 11% 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 is the average household income in Lake Arrowhead, ME?
The average household income in Lake Arrowhead, ME is $100K.
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 04087.
How much do you need to make to afford a house in Lake Arrowhead?
The median home price in Lake Arrowhead is $311,250. If you put a 20% down payment of $62,200 and had a 30-year fixed mortgage with an interest rate of 6.55%, your estimated principal and interest payment would be $1,580 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $68K a year to afford the median home price in Lake Arrowhead. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Lake Arrowhead is $100K.
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 Price Trends

Median Sale Price
$405,000
Median Single Family Sale Price
$289,500
Average Price Per Sq Ft
$187
Number of Homes for Sale
1
Last 12 months Home Sales
1
Months of Supply
12.00
Median List Price
$311,250
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-4%
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