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Lake Arrowhead, ME Homes for Sale

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  • /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

    (207) 290-8135

    138 Fairview Dr, North Waterboro, ME 04061
  • /5

    $125,000

    • Land
    • 0.95 Acre
    • $131,579 per Acre

    0 Island Rd Unit 1643509, Limerick, ME 04048

    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.

    Cheryl Pelletier Tim Dunham Realty

    0 Island Rd Unit 1643509, Limerick, ME 04048
  • /20

    $439,900

    • 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
  • /17

    $245,000

    • 3 Beds
    • 1 Bath
    • 1,160 Sq Ft

    29 Kennedy Dr, North Waterboro, ME 04061

    This newly listed three-bedroom, one-bathroom ranch style home presents an excellent investment opportunity for those seeking to build equity through strategic improvements. The solid foundation and functional structure provide a canvas for value-adding enhancements that can significantly increase market appeal and generate substantial returns. The attached two car garage with storage above adds

    Keith Kinahan The Maine Real Estate Experience

    29 Kennedy Dr, North Waterboro, ME 04061
  • /21

    $319,000

    • 2 Beds
    • 1 Bath
    • 916 Sq Ft

    99 Northland Rd, North Waterboro, ME 04061

    Charming 2-Bedroom Home with Full Basement in a Vibrant Active Community Welcome to this delightful 2-bedroom, 1-bathroom home that perfectly blends comfortable living with an unbeatable lifestyle. Nestled within a sought-after association community, this property offers everything you need to live, relax, and play -- all in one place. Step inside to discover a warm and inviting layout, with two

    Lori Ann Kent Keller Williams Coastal and Lakes & Mountains Realty

    99 Northland Rd, North Waterboro, ME 04061
  • /24

    $165,000

    • Land
    • 10.07 Acres
    • $16,385 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
  • /36

    $449,900 New Construction

    • 3 Beds
    • 2 Baths
    • 2,048 Sq Ft

    60 Edge Hill Rd, Limerick, ME 04048

    Brand New Construction in Desirable Lake Arrowhead Community! Welcome to this beautifully crafted 3-bedroom, 2 full bathroom ranch nestled in a peaceful rural setting within a sought-after lake association. This thoughtfully designed home offers the ease of one-level living paired with a finished walk-out basement and a 2-car under-home garage, providing exceptional space and functionality for

    Chad Kirk Verrill Real Estate, Inc

    60 Edge Hill Rd, Limerick, ME 04048
  • /45

    $685,000

    • 4 Beds
    • 3 Baths
    • 3,639 Sq Ft

    26 Old Country Way, Limerick, ME 04048

    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

    Bob Letellier Coldwell Banker Realty

    26 Old Country Way, Limerick, ME 04048
  • /35

    $690,000

    • 3 Beds
    • 2.5 Baths
    • 1,350 Sq Ft

    59 Crescent Dr, North Waterboro, ME 04061

    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 two additional

    Diane Gray Treeline to Shoreline Realty

    59 Crescent Dr, North Waterboro, ME 04061
  • /14

    $275,000

    • 3 Beds
    • 1 Bath
    • 1,326 Sq Ft

    3 Division Rd, Limerick, ME 04048

    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 Standley Better Homes & Gardens Real Estate/The Masiello Group

    3 Division Rd, Limerick, ME 04048
  • /24

    $425,000

    • 3 Beds
    • 1.5 Baths
    • 960 Sq Ft

    157 Silver Ln, Limerick, ME 04048

    LIVE ON THE LAKE! Fabulous opportunity to buy this home in a lovely spot! Open House 3/28/ from 1:30-3:30p.m. Beautiful gently sloping lot to the water with 112 ft of owned frontage. Three beds, 1.5 baths and a walk out basement. Screened in porch is perfect for enjoying the wildlife and watching the lake activities. Great lakefront at an affordable price.

    Diane Gray Treeline to Shoreline Realty

    157 Silver Ln, Limerick, ME 04048
  • /4

    $60,000

    • Land
    • 2.09 Acres
    • $28,708 per Acre

    Lot# 11 Business Park Rd, Limerick, ME 04048

    Brian Samia Century 21 North East

    Lot# 11 Business Park Rd, Limerick, ME 04048
  • /12

    $229,500

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

    148 Beaver Brook Rd, Limerick, ME 04048

    Rare opportunity to own five combined waterfront lots (Lot#1003, 1004, 1004A, 1005, 1006) with 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

    KIMBERLY HAESLER EXP Realty

    148 Beaver Brook Rd, Limerick, ME 04048
  • /34

    $285,000

    • 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
  • /39

    $550,000

    • 3 Beds
    • 2 Baths
    • 2,099 Sq Ft

    54 Raptor Ridge Rd, Limerick, ME 04048

    Nestled amongst the woods and serene shores of Brown Brook this extensively renovated home at 54 Raptor Ridge offers a harmonious blend of modern comforts & natural beauty. Fed by Little Ossipee Lake and Arrowhead Lake, the brook provides direct access to waterways ideal for canoeing, kayaking, fishing. A well-maintained pathway leading directly from the house to Brown Brook, ensures easy access

    Teri Woods The Aland Realty Group, LLC

    54 Raptor Ridge Rd, 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 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 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.
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