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Lake Arrowhead Homes for Sale

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  • /33

    $3,900,000

    • Land
    • 54 Acres
    • $71,942 per Acre

    138 Fairview Dr, North Waterboro, ME 04061

    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

    Agent Photo

    Davian Akers

    Keller Williams Realty

    (207) 290-8135

    138 Fairview Dr, North Waterboro, ME 04061
  • /34

    $327,750

    • 2 Beds
    • 1.5 Baths
    • 2,028 Sq Ft

    669 New Dam Rd, North Waterboro, ME 04061

    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

    Kathleen Phillips LaBombard Ocean Gate Realty, LLC.

    669 New Dam Rd, North Waterboro, ME 04061
  • /19

    $650,000

    • 3 Beds
    • 1.5 Baths
    • 1,496 Sq Ft

    197 Crescent Dr, Waterboro, ME 04061

    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!).

    Diane Gray Treeline to Shoreline Realty

    197 Crescent Dr, Waterboro, ME 04061
  • /2

    $109,000

    • Land
    • 0.50 Acre
    • $218,000 per Acre

    39 Deerfield Dr, North Waterboro, ME 04061

    Own a piece of Lake Arrowhead Estates! This terrific lot is located in Arrowhead Estates in Waterboro. The driveway permit is in hand, there is electric at the street, septic is in place and the foundation has been dug but NOT yet poured. Act now and customize it to your liking!

    Don Wunder RE/MAX Realty One

    39 Deerfield Dr, North Waterboro, ME 04061

About 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

Is Lake Arrowhead a good place to live?
Lake Arrowhead is a good place to live, receiving 4.0 stars from its residents. Lake Arrowhead is considered very car-dependent and somewhat bikeable. Lake Arrowhead is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Lake Arrowhead has 2 parks for recreational activities. It is sparse in population with 0.7 people per acre and a median age of 36. The average household income is $85,663 which is below the national average. College graduates make up 15.7% of residents. A majority of residents in Lake Arrowhead are home owners, with 5.8% of residents renting and 94.2% of residents owning their home. A local real estate agent serving Lake Arrowhead can help you decide if this neighborhood is the right one for you. Learn more on our Lake Arrowhead neighborhood guide.
Is Lake Arrowhead, ME a safe neighborhood?
Lake Arrowhead, ME is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Lake Arrowhead?
The median home price in Lake Arrowhead is $369,450. If you put a 20% down payment of $73,900 and had a 30-year fixed mortgage with an interest rate of 6.83%, your estimated principal and interest payment would be $1,930 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $83K a year to afford the median home price in Lake Arrowhead. The average household income in Lake Arrowhead is $86K.
What are the best public schools in Lake Arrowhead?
The best public schools that serve Lake Arrowhead are:
What are the most popular zip codes in Lake Arrowhead, Waterboro, ME?
The most popular zip codes in Lake Arrowhead, Waterboro, ME include 04072, 04005, 04064, 04062 and 04073.
What are the most popular neighborhoods near Lake Arrowhead, Waterboro, ME?
The most popular neighborhoods near Lake Arrowhead, Waterboro, ME are Waterboro, Hollis, Limington, Newfield and Shapleigh.

Home Trends in Lake Arrowhead, ME

Home Trends

Median Price (12 Mo)
$370,000
Median Single Family Price
$370,000
Average Price Per Sq Ft
$290
Number of Homes for Sale
2
Last 12 months Home Sales
46
Months of Supply
0.50
Median List Price
$369,450
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
0%
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