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.
Home Trends in Lake Arrowhead, ME
On average, homes in Lake Arrowhead, Waterboro sell after 13 days on the market compared to the national average of 52 days. The median sale price for homes in Lake Arrowhead, Waterboro over the last 12 months is $375,000, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$375,000
Median Single Family Sale Price
$395,000
Average Price Per Sq Ft
$278
Number of Homes for Sale
5
Last 12 months Home Sales
44
Median List Price
$389,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
2%
