138 Fairview Drive, Lake Arrowhead, ME 04061
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
Office: keller williams realty
MLS#:1609318
Source:ME_MREIS
Price summary
- Price:$3,900,000
About this home
This is a rare opportunity to acquire 54 acres of prime, development-stage lakefront
property with engineered lot layout, power infrastructure, and conceptual roadways
already 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 Structures Available:
 • Seller Financing Considered - terms negotiable with qualified parties
 • Joint Ventures Welcome - collaborate on phased development or select lot release
 • 1031 Exchange-Friendly - ideal for rollover investments seeking long-term gain
deferment
 • Equity Participation or Structured Exit Partnerships Available
 • Subdivision build-out or infrastructure partnerships encouraged
 Property Highlights:
 • 50+ engineered 1-acre lots (not formally subdivided)
 • 29 acres reserved open space bordering conservation land
 • Three power access points including new service to waterfront
 • Commercial-grade gravel roads ~50% complete
 • Private coves, peninsula frontage, and planned trail access
With strong demand for high-quality lakefront housing, this property presents an ideal
opportunity for developers, family trusts, or institutional investors seeking secure land-
backed returns. Flexible structure allows buyers to scale entry and align with their
investment timeline....
Contact an agent
Home facts
- Listing ID #:1609318
- Updated:August 26, 2026 at 10:39 AM
Structure and exterior
- Lot area:54.21 Acres
- Lot Features:Abuts Conservation, Level, Near Public Beach, Neighborhood, Rolling/Sloping, Rural, Wooded
Utilities
- Water:Private
- Sewer:Septic Tank
Finances and disclosures
- Price:$3,900,000
- Tax amount:$9,398 (2024)
Parking
- Parking description:1 - 4 Spaces, Gravel
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