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Double Waterfront Lot in Lake Community
For Sale
$125,000

46-86 Island Road, Limerick, ME 04048

Build your waterfront home with lake views in a community offering private beaches and a boat launch.

Property Size41,382 SF
Price / SF$3.02
Days on Market67

Property Features for 46-86 Island Road

General Information

Standard status Active
Size 41,382 SF
Property subtype Land
Zoning Shoreland

Taxes and HOA fees

Annual Taxes $1,125
Listing Agency: Coldwell Banker Real Estate LLC
Listed By: Peggy Hill · License #BR916632
Source: Compass
Added: Jun 7 Changed: Aug 8 Last Checked: Jul 3 at 3:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Real Estate LLC

Investment Insights

Based on property information with market context.

This sale includes a rare double lot in the Lake Arrowhead community, positioned for lakefront living with peaceful lake views. The property is offered as land ready for your new home, giving you the flexibility to design a waterfront residence around your preferred lifestyle on the water.

Lake Arrowhead offers community amenities designed for year-round use, including private beaches and a boat launch. Residents also have access to two community centers with indoor and outdoor pools, fitness equipment, and activities for all ages, along with the option to enjoy quiet, private shoreline time.

For buyers seeking a place to build, this parcel supports a straightforward waterfront home plan in an established lake community. If you want the ability to bring a custom build to a double-lot setting with direct lake living in mind, this is the kind of opportunity that can fit well for owner-occupants and second-home buyers who prioritize time on the lake and access to on-site amenities.

Key Highlights

  • Double lot available for building in the Lake Arrowhead community
  • Waterfront setting with lake views
  • Lake Arrowhead community amenities include private beaches and a boat launch

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Auto Repair Shop Real Estate Agency Bakery Daycare Center Accounting Firm Coworking & Hybrid Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

57
Businesses Nearby

Demographics for 04048, ME

3,188
Population
1,565
Households
2
Avg Household Size
41
Median Age
24%
College-Educated
94%
High-School Grad
27.1 sq mi
ZIP Area
118
Density / Sq Mi
$90,125
Median Household Income
$45,791
Median Earnings
$1,153
Median Rent
$264,200
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Build your waterfront home with lake views in a community offering private beaches and a boat launch.
Where is this waterfront land located?
The property is located at 46-86 Island Road Limerick, ME.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Double lot available for building in the Lake Arrowhead community; Waterfront setting with lake views; Lake Arrowhead community amenities include private beaches and a boat launch
More about this property
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