Lakefront Development Opportunity in
For Sale
$3,900,000
138 Fairview Drive, Waterboro, ME 04061
Land, Waterboro, ME
Property SizeContact for details
Lot Size54.21 Acres
Days on Market130
Property Features for 138 Fairview Drive
General Information
Property type
Land
Property subtype
Other
Zoning
Res
Lot features
Rolling/ Sloping, Level, Wooded, Abuts Conservation, Near Public Beach, Neighborhood, Rural
Standard status
Active
Lot size
54.21 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9398
Utilities
Sewer type
Septic Tank
Water source
Private
Water front
1
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Davian Akers
(207) 712-5341
Added: Apr 16
Changed: Aug 19
Last Checked: Aug 23 at 11:06AM
MLS# 1609318
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 54.21-acre property represents a development opportunity on the shores of Lake Arrowhead in Waterboro, Maine. The property features an engineered lot layout, power infrastructure, and conceptual roadways. There are over 50 engineered 1-acre lots, though the property is not formally subdivided. Approximately 29 acres are reserved as open space bordering conservation land. The property has three power access points, including new service to the waterfront. Commercial-grade gravel roads are approximately 50% complete. The land includes private coves, peninsula frontage, and planned trail access. The property is suited for developers, family trusts, or institutional investors. Flexible deal structures are available, including seller financing, joint ventures, 1031 exchange options, equity participation, and structured exit partnerships. Subdivision build-out or infrastructure partnerships are encouraged.
Key Highlights
- 54‑acre lakefront property on Lake Arrowhead in Waterboro, Maine.
- Engineered layout for 50+ engineered 1‑acre lots (not formally subdivided).
- 29 acres reserved open space bordering conservation land.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 04061, ME
3,437
Population
1,186
Households
2.9
Avg Household Size
37
Median Age
23%
College-Educated
95%
High-School Grad
20.1 sq mi
ZIP Area
171
Density / Sq Mi
$83,299
Median Household Income
$49,198
Median Earnings
$223,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - 54-acre lakefront property with development potential on Lake Arrowhead.
Where is this waterfront land located?
The property is located at 138 Fairview Drive Waterboro, ME.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 54‑acre lakefront property on Lake Arrowhead in Waterboro, Maine.; Engineered layout for 50+ engineered 1‑acre lots (not formally subdivided).; 29 acres reserved open space bordering conservation land.
