About this home
Take advantage of this new price! Now is your chance to build a community, a multi-building compound, vacation retreat, or your own private home on this rare 51-acre prime lakeside lot. This lakefront property with engineered lot layout, power infrastructure, and conceptual roadways already in place is a rare find. 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 of 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. Smaller proposed lots are listed as well. Land comes with lot 045-001-737, a .47 acre lot on Fairview Dr for a utility easement.
Listing last checked: Listing updated:
Listed by Listing Agent · Keller Williams Realty · MLS #1679928
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Details at a glance
Building1 property facts
- Style
- Other
Land & utilities5 property facts
- Lot size
- 51.17 acres
- Water
- Well
- Sewer
- Septic Needed
- Waterfront
- Y
- Zoning
- Res
Financial2 property facts
- Annual taxes
- $5,039
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $1,875,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$9,901 / monthAdjust
- Principal & interest
- $9,481
- Property tax
- $420
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,039. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About M17L1 Fairview Drive
Can I request a private showing?
Request a tour of M17L1 Fairview Drive and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.

