$649,900

50 Island Rd Limerick, ME 04048

Estimated payment $3,956/month

Total Views 195
3 Beds
2 Baths
1,588 Sq Ft
$409 Price per Sq Ft

Highlights

  • 517 Feet of Waterfront
  • Clubhouse
  • Wooded Lot
  • Spa
  • Deck
  • Ranch Style House

About This Home

Welcome to a tranquil retreat on the shores of Lake Arrowhead, nestled on 1.85 acres of peaceful, wooded land. This inviting home features three bedrooms and two full baths, combining comfort and simplicity with a lakeside lifestyle. Inside, you'll be welcomed by a living room warmed by a traditional wood stove, perfect for those crisp Maine evenings. Large windows draw in natural light and views of the surrounding trees, while a seamless flow leads to the outdoors. Step onto the generous deck where morning coffee and sunset cocktails both feel right at home. The deck offers stunning views of the lake and the backyard's natural landscape, setting the tone for quiet reflection or easy-going entertaining. Below, the daylight basement presents a bright and expansive space with tall ceilings and ample windows—ideal for a workshop, creative studio, or the future possibility of an extra living area. A spacious two-car garage rounds out the convenience. Outside, the property continues to impress. Relax in a wood-fired hot tub beside the lake as the sounds of nature wash over you. From your private dock, launch a canoe or kayak and glide across calm water while enjoying the company of deer, birds, and other wildlife. This home has it all—privacy, lake-front access, flexible indoor space, and an atmosphere of serene escape. Whether you envision weekend getaways or full-time lakeside living, this property delivers a rare combination of comfort, nature, and possibility. As part of the Lake Arrowhead Community, homeowners have access to two clubhouses. Clubhouse 1 is located in Limerick and has an indoor pool, and a gym which includes a weight room and a cardio room. Clubhouse 2 is located in North Waterboro and has an indoor pool, an outdoor pool, a ping pong table, a pool table, an air hockey table and a meeting room, which members can rent for parties, etc.

Listing Agent

Cheryl Pelletier

Tim Dunham Realty Brokerage Phone: 207-729-7297 Listed on: 11/14/2025

Co-Listing Agent

Justin Pelletier

Tim Dunham Realty Brokerage Phone: 207-729-7297

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,095

Year Built

  • Built in 2018

Lot Details

  • 1.85 Acre Lot
  • 517 Feet of Waterfront
  • Cul-De-Sac
  • Rural Setting
  • Open Lot
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Property is zoned Shoreland

HOA Fees

  • $106 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Gravel Driveway

Property Views

  • Water
  • Scenic Vista
  • Woods

Home Design

  • Ranch Style House
  • Wood Frame Construction
  • Shingle Roof
  • Fiberglass Roof
  • Vinyl Siding

Interior Spaces

  • 1,588 Sq Ft Home
  • Tile Flooring
  • Home Security System

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump
  • Natural lighting in basement

Outdoor Features

  • Spa
  • Deck

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Private Sewer
  • Internet Available

Listing and Financial Details

  • Tax Lot 63-66
  • Assessor Parcel Number LIME-000046-000000-000063

Community Details

Overview

  • Lake Arrowhead Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,095

Year Built

Built in 2018

Lot Details

0

HOA Fees

$106 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.85
  • Road Surface Type: Gravel, Dirt
  • Water Body Name: Arrowhead
  • Co List Office Phone: 207-729-7297
  • MLS Status: Active
  • Subdivision Name: Lake Arrowhead
  • Directions: From Route 5 (Sokokis Trail) turn onto Waycross Way and then left onto Island Road. GPS accurate. Sign on property.
  • Above Grade Finished Sq Ft: 1588.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Year Built: 2018
  • Attribution Contact: 207-729-7297
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Water Info:Water View2: Yes
  • Dining Room:Dining Room: Dining Room
  • Living Room:Living Room: Living Room
  • Water Info:Waterfront Amount -: 517.0
  • Water Info:Water Frontage Owned -: 517.0
  • Property Information:Deed Restrictions: Yes
  • Property Information:Bank Owned REO: No
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: 4097

Interior Features

  • Furnished: Unfurnished
  • Private Spa: Yes
  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Other Equipment: Generator, Internet Access Available
  • Has Basement: Interior Entry, Daylight, Full, Sump Pump, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Tile, Hardwood
  • Interior Amenities: 1st Floor Primary Bedroom w/Bath, Bathtub, One-Floor Living, Shower, Storage, Walk-In Closet(s), Primary Bedroom w/Bath
  • Bedroom 2 Level: First
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Neighborhood, Rural, Cul-De-Sac, Open Lot, Rolling Slope, Wooded
  • View: Scenic, Trees/Woods
  • Waterfront: Yes
  • Construction Type: Wood Frame, Vinyl Siding
  • Patio And Porch Features: Deck
  • Roof: Fiberglass, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Gravel, On Site, Garage Door Opener

Utilities

  • Security: Security System
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Baseboard, Direct Vent Furnace, Forced Air, Hot Water, Zoned, Wood Stove
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse
  • Association Fee: 1270.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 80586.0
  • Parcel #: LIME-000046-000000-000063
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 5095.0
  • Tax Lot: 63-66

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,095 $536,278 $208,016 $328,262
2023 $4,847 $318,858 $78,650 $240,208
2022 $4,528 $318,858 $78,650 $240,208
2021 $4,234 $255,086 $62,920 $192,166
2020 $4,183 $255,086 $62,920 $192,166
2019 $4,018 $255,086 $62,920 $192,166
2018 $2,465 $152,630 $51,920 $100,710
2017 $517 $32,844 $32,844 $0
2016 $494 $32,844 $32,844 $0
2015 $480 $32,844 $32,844 $0
2014 $465 $32,844 $32,844 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2025 11/14/25 For Sale $749,500 +15.3% $472 / Sq Ft
11/14/2025 11/14/25 For Sale $649,900 +110.0% $409 / Sq Ft
12/20/2018 12/20/18 Sold $309,500 -4.8% $195 / Sq Ft View Prior Sale
10/18/2018 10/18/18 Pending -- -- --
03/28/2018 03/28/18 For Sale $325,000 -- $205 / Sq Ft
Source: Maine Listings

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $309,500 VA
Source: Public Records

Source: Maine Listings

MLS Number: 1643508

Maine Listings

APN: LIME-000046-000000-000063