Lake Arrowhead
Neighborhood in Waterboro, Maine
York County 04048, 04061
Neighborhood Reviews
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.
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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.
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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.
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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.
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.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.
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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.
Written By
Zia Sampson
Photography Contributed By
Jeff Tippett
Video By
Kevyn Harris
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Agents Specializing in this Area
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Yulia Glasgow
Yulia Glasgow
Responds QuicklyMaine Real Estate Co
(855) 697-7513
40 Total Sales
1 in Lake Arrowhead
$410,000 Price
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Brian and Gary Samia
Brian and Gary Samia
Century 21 North East
(207) 503-3152
205 Total Sales
2 in Lake Arrowhead
$223K - $387K Price Range
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Aaron Kollmeyer
Aaron Kollmeyer
Coldwell Banker Realty
(508) 452-6045
41 Total Sales
1 in Lake Arrowhead
$288,000 Price
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Luke Morris
Luke Morris
REAL Broker NH, LLC
(855) 625-7038
43 Total Sales
1 in Lake Arrowhead
$369,000 Price
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Scott Reiff Denise Reiff
Scott Reiff Denise Reiff
Coldwell Banker Realty
(207) 891-6314
73 Total Sales
1 in Lake Arrowhead
$275,000 Price
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Lynette Aucoin
Lynette Aucoin
EXP Realty
(207) 501-3991
59 Total Sales
1 in Lake Arrowhead
$487,500 Price
Schools
Source:
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
- 9th to 12th
- Public
- 6th to 8th
- Public
- Pre-K to 5th
- Public
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Parks in this Area
Sokokis Lookout
Bob Fay Memorial Park
- Lake
Transit
Reviews
Niche Reviews
4/7/2016
Niche Review
Overall, the crime safety of this area is great. I have never felt uncomfortable or scared walking by myself at anytime of day. The police live in the area and are neighbors to many people. I know of some crime in the area but it is always resolved and taken care of properly.
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Crime and Safety
| 1 - Low Crime, 10 - High Crime | Lake Arrowhead | US |
|---|---|---|
| Homicide | 2 | 4 |
| Sexual Assault | 2 | 4 |
| Assault with Weapon | 2 | 4 |
| Robbery | 1 | 4 |
| Burglary | 1 | 4 |
| Motor Vehicle Theft | 1 | 4 |
| Larceny | 1 | 4 |
| Crime Score | 1 | 4 |
Source: WhatIsMyCrimeRisk.com
Lake Arrowhead Demographics and Home Trends
On average, homes in Lake Arrowhead, Waterboro sell after 12 days on the market compared to the national average of 49 days. The median sale price for homes in Lake Arrowhead, Waterboro over the last 12 months is $370,000, consistent with the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$380,000
Median Sale Price
$370,000
Median Single Family Sale Price
$373,500
Median Change From 1st List Price
0%
Last 12 months Home Sales
44
Median Home Sale Price YoY Change
0%
Average Price Per Sq Ft
$289
Neighborhood Facts
Number of Homes in Neighborhood
786
Number of Homes for Sale
5
Median Year Built
1994
Months of Supply
1.40
Average Single Family Home Size Sq Ft
1,471
Significantly below the national average
1,933
Median Lot Size Sq Ft
21,780
Distribution of Home Values
Homes for Sale
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$3,900,000
- Land
- 54.21 Acre Lot
- 138 Fairview Dr
Development opportunity on Lake Arrowhead. Build your own lakeside community. This site offers approximately 40 house lots of varying sizes which can include some waterfront, some with water views and the rest with lake access. The appealing nature of this land is its two peninsulas giving the community lake access. The hard-packed gravel roads give access to each lot. The sale includes the
Davian AkersKeller Williams Realty(207) 290-8135 -
$70,000
- Land
- 1.50 Acre Lot
- LotA63&A64 Beaver Dam Rd
- New 4 days ago
Don't miss out on this rare opportunity to own a double lot in Lake Arrowhead. Bring your visions and come design your Dream Home. Enjoy all that this Community has to offer including the wildlife, beaches, trails, parks, pool, fitness center and the benefits of no one building behind you. Come check this one out today or reach out for more info!
Jolene Durkee Dream Home Realty LLC
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$325,000
- 2 Beds
- 1 Bath
- 816 Sq Ft
- 37 Kennedy Dr
- New 11 days ago
Nestled in the serene Lake Arrowhead Community of Waterboro, Maine, 37 Kennedy Drive offers a tranquil retreat with access to a wealth of amenities. This cozy ranch-style home is situated on a spacious 0.5-acre lot, providing ample outdoor space for relaxation and recreation. The home's interior features an eat-in kitchen, cathedral ceilings in the living room, and updated Andersen windows that
Mark Zoeller Keller Williams Coastal and Lakes & Mountains Realty
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Average Home Value
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
2,792
Median Age
36
Population Density
1 person/acre
Population under 18
27.4%
On par with the national average
23.8%
Population over 65
11.1%
Below the national average
19.1%
Finances
Median Household Income
$75,601
Above the national average
$71,702
Average Household Income
$85,663
Education and Workforce
High School Graduates
92.5%
College Graduates
15.7%
Below the national average
34.1%
Advanced Degrees
2.1%
Below the national average
13.3%
% Population in Labor Force
68.5%
Weather
Annual Precipitation
51''
Average Winter Low Temperature
10°F
Average Summer High Temperature
81°F
Annual Snowfall
41''
Area Factors
Somewhat Bikeable
Bike Score®
20
/ 100
Car-Dependent
Walk Score®
0
/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Nearby Neighborhoods
Limerick
Maine town with close community and charming history
Hollis
Southern Maine town offers rural escape 20 miles from Portland
Limington
Historic town center in the deep southern Maine countryside
Newfield
When people consider the natural beauty of Maine, Newfield might come to mind
Standish
Forested township near Sebago Lake for recreation, with ample local retail
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