The 5 Most Expensive Lakes in Maine to Buy a Second Home

Written by Sonny Haugen
Published: August 30, 2023
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Maine is a great place to buy a second home, and is often thought of by many as perfect for retirement! With cool weather in the brutal summer months and a beautiful fall and winter season, Maine has everything that someone could want. The beaches in Maine are perfect for swimming in the summertime, but what about if you’re looking for something a bit different? Lake homes in Maine are not the first option for many, but some of the lakes of Maine and hard to pass on as a second home option! If you’re looking for a second home on a lake, or maybe you’re just looking for somewhere nice to vacation, consider one of the amazing lakes on this list!

Sebago Lake

picnic table at lake sebago in harriman state park (seven lakes, new york state, rockland county) 7 lakes drive, blue water, landscape

Having a picnic on a bench at Sebago Lake is peak fun on a bright day!

©yuriyt/Shutterstock.com

Sebago Lake is in the southwest of Maine. This lake is one of the most popular lakes in the state to buy a home because of its beauty and fun! Given its popularity, there are a number of fun activities for all kinds of people located on and by the lake. If you’re the adventurous type, try out seaplane rides or jetski rentals to get a fun thrill! If you don’t want something too crazy, there are minigolf ranges and parks around the lake, perfect for small ones as well! With so many things to do in a wonderful location, it’s no surprise that Sebago Lake is one of the most desirable lakes to live on in the state!

Homes around Sebago Lake range in price greatly. Cheaper homes on the list will range around $450,000. The more expensive range is in the millions, typically around $2.5 million. These prices change due to the distance from the actual lake itself, as well as the distance from some of the activities. If you’re in the market for a nice lake home and want a nice environment like Maine, consider Sebago Lake!

Home for sale: This 4-bedroom, 4-bathroom home is right on the lake and has a sunroom, porch, and boat docking area! The home’s price is at $3.2 million!

Moosehead Lake

Snowmobiling on Moosehead Lake below Mount Kineo in Maine

Winter on Moosehead Lake means getting to enjoy the lake frozen over!

©iStock.com/visionsofmaine

Moosehead Lake is famous for its lush green forests! With bright blue waters and dense trees, this lake is some of the best nature in the state. If you love nature and spending time outdoors, Moosehead Lake is perfect! The lake is in roughly the middle of the state. Given its more secluded nature, there are not as many activities at this lake. However, there is the Katahdin Cruises and Moosehead Marine Museum that offers boating tours! If you want to learn more about the lake and get some amazing views, consider heading to the museum!

Homes on Moosehead Lake depend on the location! The northern part of the lake which has a smaller population offers homes at around the $200,000-$500,000 range. The southern half of the lake, which is more populated, has homes around $700,000-$1 million! While the prices in the north may seem tempting, getting to a close enough grocery store may be one of the challenges. Everywhere around the lake is beautiful, so don’t worry too much about where you may want to settle!

Home for sale: This 2-bedroom, 3-bathroom home is located directly on the water with its own dock! The style is a comfy wood cabin, perfect for a fall and winter getaway home to stay cozy in! The home’s price is at $1.45 million!

Belgrade Lake

Great Pond in the Belgrade Lakes region of Maine USA

There are many smaller lakes in Belgrade such as this one in the photo!

©Christopher Koshak Photos/Shutterstock.com

Belgrade Lake is a very off-the-beaten-path-style lake town. With many small shops and bookstores, Belgrade has anything someone who wants a slower-paced life could want! With plenty of hiking trails, Belgrade is perfect for getting in touch with nature. Belgrade is located in the southern half of the state and is not just one single lake. This lake is a collection of multiple smaller lakes, each with its own trails and places to explore!

Homes in Belgrade Lake are the average residential home, perfect if you’re looking for something a bit lower maintenance than a bigger vacation home. The average price is around the $300,000 area, with some as low as $100,000, and some at $700,000. With price comes quality here as many of the more expensive homes give direct lake access.

Home for sale: This 4-bedroom, 2-bathroom home is directly on Belgrade Lake and is one of the newest homes on the list. The home has a docking area for boats, and a cozy interior perfect for resting in after a day on the water! The home’s price is at $1.4 million!

Rangeley Lake

Rangeley Lake Maine New England

The mountains that surround Rangeley Lake are perfect for hiking!

©iStock.com/haveseen

Similar to other lakes on the list, Rangeley Lake is for nature lovers! Rangeley Lake is surrounded by mountains on all sides, perfect for hiking trail explorations! One of the best parts is the number of summits that can be found around the lake. These mountain summits give perfect views of the lake. There are also a number of fun museums in the surrounding area such as the Outdoor Heritage Museum and the Maine Forestry Museum. Exploring these museums is a fun way to spend a day off the lake if you choose to!

Homes in Rangeley, especially on the lake, will range between $500,000 to $700,000. These homes are similar to Belgrade in that they are on the smaller side, making them easier to manage. Almost all of the homes that are online also have docks, perfect for those who love a day out on the water.

Home for sale: This 3-bedroom, 3-bathroom home is spacious and beautiful. With a bright wooden interior with blue accents, this home is a perfect pop of color sure to brighten anyone’s mood. This home’s price is at $860,000.

Mooselookmeguntic Lake

Mooselookmeguntic Lake Maine, New England

A fun fact about is that Mooselookmeguntic Lake has one of the longest names out of anywhere else in the United States!

©iStock.com/Holcy

Mooselookmeguntic Lake is the next-door neighbor to Rangeley, and offers similar assets too. This lake is a bit larger than Rangeley, making it perfect for a number of activities. On this lake, you can be a bit more adventurous with your boat driving. There are also other activities that you can take up! Seaplane riding is one of the activities available, perfect for families looking for a bit of fun!

Homes on Mooselookmeguntic Lake are some of the cheapest on this list. Many of the homes here range between $300,000 to $400,000, with nicer homes going a bit higher. There are homes available perfect for larger family getaways as well. If you and your extended family want to take a trip somewhere nice, consider Mooselookmeguntic Lake!

Home for sale: This 9-bedroom, 5-bathroom home is the biggest on this list, and perfect for a vacation home. This home is perfect for a large family getaway that can be used as a rental home in the downtime! This home’s price is at $2 million!

Summary

Maine is perfect for a second home, vacation, or retirement. This wonderful state offers something for everyone! Whether you want to connect with nature more, enjoy a slower pace of life away from the city, or enjoy spending time on the water, the lakes of Maine are perfect! Below is the summary of the best lakes to buy second homes in Maine!

Lake NameAverage Price
Sebago Lake$1 million
Moosehead Lake$700,000
Belgrade Lake$500,000
Rangeley Lake$500,000
Mooselookmeguntic Lake$400,000

The photo featured at the top of this post is © Derek Young/Shutterstock.com


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