$394,706Average Value$290Average Price per Sq Ft2Homes For Sale
From recreation to residency
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.
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.
Lake Arrowhead has a surface area of approximately 779 acres.
Lake Arrowhead is home to a variety of fish species, including trout, perch, and bass.
There are a few designated swimming areas at Lake Arrowhead.
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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 quaint Cape Cod home is nestled in Lake Arrowhead.
This stately Colonial with a multi-pitched roof can be found in Lake Arrowhead.
Homes are generously spaced apart in Lake Arrowhead.
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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.
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.
Lake Arrowhead locals can go to Dollar General for quick shopping trips.
Town Hill Grille is close to Lake Arrowhead.
Limerick Supermarket serves Lake Arrowhead.
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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.
Massabesic High School cares for its students.
Massabesic Middle School serves students in grades 6-8.
Waterboro Elementary School is a public elementary school located in Waterboro, Maine.
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Route 117 runs along Lake Arrowhead.
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.
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
Interested in learning more about homes in this area?
Reach out to
Brian and Gary Samia,
an experienced agent in this neighborhood.
Parks in this Area
Sokokis Lookout
Bob Fay Memorial Park
Lake
Transit
Airport
Portland International Jetport
53 min drive
Reviews
Niche Reviews
4.02 Reviews
4.0Niche User
4/7/2016Niche 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.
Are you familiar with the Lake Arrowhead neighborhood?
to let others know what life in this neighborhood is like.
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
Demographics and Home Trends
On average, homes in Lake Arrowhead, Waterboro sell after 11 days on the market compared to the national average of 47 days. The average sale price for homes in Lake Arrowhead, Waterboro over the last 12 months is $386,677, up 2% from the average home sale price over the previous 12 months.
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
This generously sized Cape Cod style home boasts an open floor plan, with bamboo flooring, featuring a living room that extends from the front to the back, along with a formal dining area that seamlessly connects to the kitchen equipped with modern stainless steel appliances. The first floor also includes a convenient half bath and laundry.On the second level, you will find two spacious
MAINE LAKEFRONT! Grab this TURN KEY opportunity while you can. Fabulous location in beautiful Lake Arrowhead Community, sought after Bay Cove! The lucky new owner does not have to buy anything, just bring your toothbrush, EVERYTHING STAYS! Three bedrooms, 1,5 baths and all appliances. This year-round cottage comes with an oversized shed for all the toys, (or a bunkhouse for the kids!).
Interested in learning more about homes in this area?
Reach out to
Brian and Gary Samia,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
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.
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.
