'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!
Active
Price cut: $50K (6/26)
$749,000
197 Old Country Way, Limerick, ME 04048
4beds
2,160sqft
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
- 57 days |
- 1,391 |
- 85 |
Zillow last checked:
Listing updated:
Listed by:
Redfin Corporation
Source: Maine Listings,MLS#: 1660445
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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
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Price change | $749,000-6.3%$347/sqft |
Source: | ||
| 6/18/2026 | Price change | $799,000-6%$370/sqft |
Source: | ||
| 6/6/2026 | Price change | $850,000-5.5%$394/sqft |
Source: | ||
| 5/4/2026 | Listed for sale | $899,000$416/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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 | $256,390 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
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Climate risks
Neighborhood: 04048
Nearby schools
GreatSchools rating
- 5/10Line Elementary SchoolGrades: PK-5Distance: 5.3 mi
- 6/10Massabesic Middle SchoolGrades: 6-8Distance: 6.3 mi
- 4/10Massabesic High SchoolGrades: 9-12Distance: 9.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- York County
- Limerick
- 04048
- 197 Old Country Way




