Lake Arrowhead is a sprawling subdivision centered around the freshwater lake of the same name, which spans about 779 acres between the small Maine towns of Limerick and Waterboro. There are about 2,800 residents, all of whom enjoy community perks such as private beaches, waterfront access and clubhouses with recreational spaces and fitness rooms. “Lake Arrowhead is pretty unique,” says Realtor Aaron Chadbourne with Demetria Real Estate, who has worked in the area for over 20 years. “It’s the largest subdivision in Maine, and it’s done around community elements. It’s things that you wouldn’t find elsewhere.” The surrounding towns offer plenty of restaurants and shops for locals to explore, and many will make the 32-mile drive into Portland for work or a night out.
Lake Arrowhead is partially located in the town of Limerick.
Lake Arrowhead has a population of over 3,000 people.
1/2
Waterfront fun and community perks
With backyard docks and private beaches along the shore, it is no surprise that residents spend a lot of their time on Lake Arrowhead. The shallow depths of this artificial offshoot of the Ossipee River make it ideal for kayaking, and anglers can find a variety of fish, including largemouth bass and brown trout. “There’s also winter recreation,” Chadbourne says. “People will snowmobile and go ice fishing.” Members of Lake Arrowhead also have access to two clubhouses, one in Limerick and one in Waterboro. Both include an indoor pool, and the Limerick location has a gym, while the Waterboro location features games such as pool, ping pong and air hockey. There are several preserves around the community, with trails winding through Dragonfly Island and Monaco Island.
Beachgoers recreate on the shore of Lake Arrowhead.
A family enjoys a summer day at Lake Arrowhead.
1/2
Homes designed around the lake
The community was designed around the lake, with streets weaving through towering pines and spruces. Homes typically sit on about half an acre of land, although larger, 2-acre plots are scattered throughout the neighborhood. Many waterfront residents have private docks in their backyards, making getting out on the lake easy. Homes date back to the 1980s, with Cape Cods and ranch styles mixed in with new traditional houses and colonials. “You tend to see a two- or three-bedroom, but there are some larger places with views of the water,” Chadbourne says. Prices tend to range between $225,000 and $600,000, with homes near the lake costing more. Homeowners association fees can cost around $120 a month. With several undeveloped lots available, Chadbourne says, “there’s new construction going on all the time.” Half an acre can cost about $30,000, while 1 acre is about $150,000. Lake Arrowhead receives a low CAP Index Crime Score of one out of 10, compared to the national average of four out of 10.
This modern Colonial with a porch is in Lake Arrowhead.
This contemporary home blends in at Lake Arrowhead.
1/2
Community events and town celebrations
The neighborhood is constantly hosting community events for its residents. During the warmer months, folks can gather for an ice cream party, while the colder months can create a competitive edge with the Holiday Lights Contest. The surrounding towns also have celebrations throughout the year, including Christmas in Limerick, with a tree-lighting ceremony, and Hollis Community Day in August.
Flood insurance recommended for Lake Arrowhead
While most of the neighborhood has almost no risk of flooding, the Federal Emergency Management Agency says that properties closer to the shore have a 26% chance of flooding over a 30-year mortgage. Flood insurance is recommended for all homeowners in the area and required for anyone with a federally backed mortgage.
Locally owned restaurants in nearby towns
The community is surrounded by small towns with locally owned restaurants, ranging from The Peppermill Restaurant, with views of Sokokis Lake, the casual Town Hill Grille in Limerick and the farm-to-table Oak & Ember in Buxton. Residents can get their groceries from the Limerick Supermarket or the Hannaford in Waterboro. Target, Walmart and Lowe’s are all about 20 miles away. Portland is about 32 miles away, but Chadbourne says that residents will sometimes make the drive if they want a night out.
Town Hill Grill is in nearby Lake Arrowhead.
Limerick Supermarket serves Lake Arrowhead.
1/2
Massabesic High focuses on community service
As part of the Maine Administrative School District 57, students can start at Waterboro Elementary School, which earns a B-minus from Niche, before attending Massabesic Middle School, which receives a C-plus, and the C-minus-rated Massabesic High School, where students are required to complete 25 hours of community service over four years in order to graduate.
Massabesic High School serves students 9-12th grade.
Massabesic High School has a large track and field.
1/2
Route 117 offers easy commute to Portland
Lake Arrowhead is largely car-dependent, with state Route 117 just outside the neighborhood and connecting to Portland. Most people fly out of Portland International Jetport, about 26 miles away, and the nearest emergency room is at the Biddeford location of the Maine Medical Center, about 22 miles away.
The Lake Arrowhead neighborhood is a popular destination for outdoor recreation.
Route 117 runs along Lake Arrowhead.
1/2
Photography Contributed By
Jeff Tippett
Video By
Kevyn Harris
Interested in learning more about homes in this area?
Reach out to
Roz Anton,
an experienced agent in this area.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
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
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
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.
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.
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.
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.
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 MoultonThe Moulton Group Real Estate Brokering and Appraising
Unlock the potential of this industrial/commercial property located in the Limerick Business Park. 1.75 acres, offering flexibility for development, expansion or investment.
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
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
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.
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
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 StandleyBetter Homes & Gardens Real Estate/The Masiello Group
Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
