This home's estimate is 56.6% higher than the average sale price ($497K) of 6 comparable homes.
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197 Old Country Way, Limerick, ME 04048
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About this home
'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!

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Market trends in 04048, ME
Last updated October 2026
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Sale and tax history for 197 Old Country Way
- Sale History
- Tax History
$312/sq ft
$335/sq ft
$347/sq ft
$370/sq ft
$394/sq ft
$416/sq ft
Public record
Property details
Parking
- Parking Information
- Parking Features: Gravel, 5 - 10 Spaces, On Site, Off Street, Carport
- Vehicle Storage: 2 Car, Carport
Interior
- Virtual Tour
- Bathroom Information
- # of Baths (Full): 2
- Room 1 Information
- Type: Primary Bedroom
- Level: Second
- Room 2 Information
- Type: Dining Room
- Level: First
- Room 3 Information
- Type: Bedroom 1
- Level: Second
- Room 4 Information
- Type: Sunroom
- Level: First
- Room 5 Information
- Type: Sunroom
- Level: Second
- Features: Skylight
- Room 6 Information
- Type: Kitchen
- Level: First
- Room 7 Information
- Type: Bedroom 3
- Level: Second
- Room 8 Information
- Type: Living Room
- Level: First
- Features: Heat Stove
- Room 9 Information
- Type: Bedroom 2
- Level: First
- Basement Information
- Basement Entry: Walk-Out Access, Daylight, Full, Unfinished
- Interior Features
- # of Rooms: 9
- Interior Features: 1st Floor Bedroom, Bathtub, One-Floor Living, Other, Shower
- Furnished: Unfurnished
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Flooring: Carpet, Tile, Wood
- Other Equipment: Cable
- Laundry Information
- Laundry Features: Main Level
Exterior
- Building Information
- Construction Materials: Wood Frame, Wood Siding
- Roof: Metal, Shingle
- Total Building Area (Sq. Ft.): 2,160
- Building Area Source: Public Records
- Exterior Features
- Patio & Porch Features: Deck
- Other Structures: Shed(s)
- Property Information
- Property Sub Type: Single Family Residence
- Year Built: 1985
- Above-Grade Finished Area (Sq. Ft.): 2,160
- Levels: Multi-Level
- Green Energy Efficient: Ceiling Fans, Water Heater, HVAC
- Lot Information
- Lot Size (Sq. Ft.): $104,108.40
- Lot Size (Acres): 2.39
- Lot Size Source: Survey
- Lot Features: Irrigation System, Near Shopping, Neighborhood, Rural, Cul-De-Sac
- Road Frontage Type: Private Road
- Road Surface Type: Gravel, Dirt
- Zoning: shoreland
- Waterfront Information
- Waterfront: Yes
- Water Body Name: Lake Arrowhead
- Water Body Type: Lake
- Water View: Yes
- Subdivision Information
- Subdivision Name: Lake Arrowhead
Financial
- Tax Information
- Annual Tax Amount: $5,506
- Tax Year: 2025
Utilities
- Utility Information
- Has Heating
- Heating: Baseboard, Heat Pump, Wood Stove
- Has Cooling
- Cooling: Central Air, Heat Pump
- Electric: Circuit Breakers, Generator Hookup
- Sewer: Private Sewer
- Utilities On: Yes
- Water Source: Public
- Water Heater: Electric, Heat Pump
Location
- HOA Information
- Has Association
- Association Fee: $1,333
- Association Fee Frequency: Annually
- Pets Allowed: Other Restrictions
- Location Information
- Unparsed Address: 197 Old Country Way, Limerick, ME 04048
- Directions: GPS ready
- Community Information
- Community Features: Clubhouse
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: 720
- Stories: 2.0
- Lot Size: 2.39 acres
- Style: Multi-Family (2-4 Unit)
- Year Built: —
- Year Renovated: —
- County: York County
- APN: 30080
Around this home
Schools
Public PreK-5 • Assigned • 5.3mi
Public 6-8 • Assigned • 6.2mi
Public 9-12 • Assigned • 9.1mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 93° expected this year, 15 days in 30 years
12% chance of strong winds in next 30 years
1 unhealthy days expected this year, 1 days in 30 years
Sun exposure
Exceptional sunlight
SunscoreThere appears to be minimal shading by surrounding buildings, terrain, and vegetation.
Nearby similar homes
New listings for sale in 04048
Home values near 197 Old Country Way
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | - Sq. Ft. | $45,559 |
- Beds | - Baths | 1008 Sq. Ft. | $574,681 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | 960 Sq. Ft. | $306,431 |
3 Beds | 2 Baths | 1344 Sq. Ft. | $481,338 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | 784 Sq. Ft. | — |
- Beds | - Baths | 960 Sq. Ft. | $290,444 |
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