Skip main navigation
Active
  • Price cut: $50K (6/26)
    $749,000

    197 Old Country Way, Limerick, ME 04048

    4beds
    2,160sqft
    : 
    Loading
    Get pre-qualified
    Single Family Residence
    Built in 1985
    2.39 Acres Lot
    $726,400 Zestimate®
    $347/sqft
    $111/mo HOA

    What's special

    Wood stovePrivate beachLouver-covered expansive deckHeat pump
    'Motivated Sellers' A true nature lover's paradise nestled on a very private 2.39 acres with 800' of owned waterfront that is navigable right up to the dock. Situated on Lake Arrowhead, one of Southern Maine's most sought-after areas. Part of the Lake Arrowhead Association Community, this property is like a nature sanctuary and your surroundings can be appreciated from every room in the house. The property has many special features and all native, low maintenance plants and vegetation that attract many species of wildlife. You will feel as if you are in a National Park as you wander through the 500 ft meandering boardwalk through the woods and along the water's edge, with strategic locations along the way to sit and enjoy the natural views. The unique curved dock sits at the mouth of the private cove and is a generous size to hold chairs and a pontoon boat. The architecture of this meticulously maintained 4-bedroom, 2 bath, 1512 sqft, Rustic Contemporary home was designed for energy efficiency. South facing specialized solar windows and 2 story solarium help to heat the house in the winter along with the wood stove and heat pump. An air handler circulates the air through the house from the walkout/daylight basement to the 2nd floor. A central AC provides additional cooling.. The large, approximately 1400 sqft daylight basement & workshop offers a room to grow your living space if needed, or just use it for storage or hobbies. The large metal carport shelters two cars plus a built-in wood storage area that can house enough wood for two winters. The house offers a versatile floor plan that allows for one level living if required. Enjoy your favorite drink from the louver-covered expansive deck or take a swim from your own private beach. This is move-in ready, and all about efficiency, low maintenance, and easy living. Don't let this one get away!
    57 days
    |
    1,391
    |
    85
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Redfin Corporation

    Source: Maine Listings,MLS#: 1660445MLS Logo

    Loading...

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: Second
      Bedroom 1
      • Level: Second
      Bedroom 2
      • Level: First
      Bedroom 3
      • Level: Second
      Dining room
      • Level: First
      Kitchen
      • Level: First
      Living room
      • Features: Heat Stove
      • Level: First
      Sunroom
      • Level: First
      Sunroom
      • Features: Skylight
      • Level: Second
      Heating
      • Baseboard, Heat Pump, Other, Wood Stove
      Cooling
      • Central Air, Heat Pump
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer
      Features
      • 1st Floor Bedroom, Bathtub, One-Floor Living, Shower
      • Flooring: Carpet, Tile, Wood
      • Basement: Walk-Out Access,Daylight,Full,Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 2,160
      • Total interior livable area: 2,160 sqft
      • Finished area above ground: 2,160
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Gravel, 5 - 10 Spaces, On Site, Off Street, Carport
      • Has carport: Yes
      Features
      • Levels: Multi/Split
      • Patio & porch: Deck
      • Has view: Yes
      • View description: Scenic, Trees/Woods
      • Body of water: Lake Arrowhead
      • Frontage length: Waterfrontage: 800,Waterfrontage Owned: 800
      Lot
      • Size: 2.39 Acres
      • Features: Irrigation System, Near Shopping, Neighborhood, Rural, Cul-De-Sac
      Details
      • Additional structures: Shed(s)
      • Parcel number: LIMEM43L32
      • Zoning: shoreland
      • Other equipment: Cable

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary
      • Property subtype: Single Family Residence
      Materials
      • Wood Frame, Wood Siding
      • Foundation: Poured Concrete
      • Roof: Metal,Shingle
      Condition
      • Year built: 1985

      Utilities & green energy

      • Electric: Circuit Breakers, Generator Hookup
      • Sewer: Private Sewer
      • Water: Public
      • Utilities for property: Utilities On
      Green energy
      • Energy efficient items: Ceiling Fans, Water Heater, HVAC

      Community & HOA

      Community
      • Features: Clubhouse
      • Subdivision: Lake Arrowhead
      HOA
      • Has HOA: Yes
      • HOA fee: $1,333 annually
      Location
      • Region: Limerick

      Financial & listing details

      • Price per square foot: $347/sqft
      • Tax assessed value: $579,543
      • Annual tax amount: $5,506
      • Date on market: 5/4/2026
      • Road surface type: Gravel, Dirt

        Estimated market value

        $726,400

        $690,000 - $763,000

        $3,115/mo

        Price history

        DateEventPrice
        6/26/2026Price change$749,000-6.3%$347/sqft
        Source: Maine Listings #1660445 Report a problem
        6/18/2026Price change$799,000-6%$370/sqft
        Source: Maine Listings #1660445 Report a problem
        6/6/2026Price change$850,000-5.5%$394/sqft
        Source: Maine Listings #1660445 Report a problem
        5/4/2026Listed for sale$899,000$416/sqft
        Source: Maine Listings #1660445 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,506 +28.6%$579,543 +105.8%
        2023$4,280 +7.1%$281,566
        2022$3,998 +6.9%$281,566 +25%
        2021$3,739 $225,253
        2020$3,739 +5.4%$225,253
        2019$3,548 -2.5%$225,253
        2018$3,638 +2.8%$225,253 +0.3%
        2017$3,538 +4.6%$224,629
        2016$3,381 +3.1%$224,629
        2015$3,280 +3.2%$224,629
        2014$3,179 -2.2%$224,629 -16.6%
        2013$3,252 +2.3%$269,389
        2012$3,179 +1.7%$269,389
        2011$3,125 $269,389 +5.1%
        2009-- $256,390
        2008$2,666 $256,390

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 04048

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

        Skip to the end of the carouselSkip to the beginning of the carousel