38 Diamond Drive
Waterboro
Active Residential Single Family Residence MLS# 1605398
  • 3Beds
  • 1Baths
  • 768SqFt
  • $8,500,000 Price

Exciting investment opportunity for 24 single-family properties located within and proximal to the waterfront neighborhood of Lake Arrowhead. An expansive community that is only 35-minutes from the bustling city of Portland, 1 hour from abundant recreational opportunities of the mountain regions, and 2 hours from Boston. This portfolio's location is ideal for all that Maine has to offer. This 24-unit single-family investment portfolio comprises of desirable 2-story Cape Cod style homes. All providing the option for first floor-living with a bedroom and bath privately tucked into the back of the homes. Two additional bedrooms are located upstairs and 14 of the properties have a larger floor plan providing additional flex space for a den or office on the first floor. Some properties offer added value with direct lakefront living, walkout basements, and exceptional privacy with larger lots up to 2 acres. Quality construction is evident in these owner-built properties which have well-maintained systems, metal roofs, solid 2x6 construction, dry basements, and radon mitigation systems. All of the properties have been used for long-term rentals and are non-smoking. The Lake Arrowhead Association boasts multiple beaches for water activities such as swimming and kayaking. With two Community Centers, including indoor and outdoor pools, basketball and volleyball courts, room rentals, fitness center and other amenities this location draws long-term renters, vacationers, and home buyers. This is an exceptional investment portfolio poised for value appreciation and revenue growth. Lake Arrowhead does allow short-term vacation rentals; a potential, high-growth revenue stream not realized by the current owner. Notes: This is a portfolio sale of 24 single-family homes. 22 properties are with-in the Lake Arrowhead Association and 2 properties are in the surrounding community. List of all properties is attached. Also, MLS Commercial #1605396

  • Style Cape
  • Year Built 1984
  • Lot Size 0.24 acres
  • SQFT Finished Above Grade 768
  • County York
  • City Waterboro
  • Zone Lake Arrowhead
  • View Scenic, Trees/Woods
  • Location Neighborhood
  • Water Frontage Yes
  • Water Body Type Lake
  • Water Body Name Lake Arrowhead
  • Seasonal No
  • Full Tax Amount $3,861.00
  • Tax Year 2023
  • Association Fee $1,100.00
  • Fee Frequency Paid Annually
  • Rooms 6
  • Baths Total 1
  • Baths Full 1
  • Basement Full, Unfinished, Walkout Access
  • Amenities 1st Floor Bedroom, Bathtub, Laundry - Hookup, Other Amenities, Storage
  • Appliances Included Refrigerator, Gas Range
  • Construction Wood Frame
  • Exterior Wood Siding
  • Color Red
  • Foundation Materials Poured Concrete
  • Basement Full, Unfinished, Walkout Access
  • Roof Metal
  • Floors Carpet, Other, Vinyl
  • Heat System Baseboard, Hot Water, Multi-Zones
  • Heat Fuel Oil
  • Gas Bottled
  • Water Heater Off Heating System,Oil
  • Electric Circuit Breakers
  • Water Public
  • Waste Water Disposal Septic Existing on Site
  • Driveway Gravel
  • Parking 1 - 4 Spaces, On Site
  • Roads Association, Gravel/Dirt
Listed By:
Real Broker
207-671-6026