Waterford Homes under $400,000

Nestled in the heart of Oxford County, Waterford, Maine, is a picturesque town that perfectly blends natural beauty with a warm, welcoming community spirit. Known for its stunning landscapes, including the breathtaking shores of Keoka Lake and the rolling hills that surround it, Waterford offers a tranquil retreat for those seeking a peaceful lifestyle away from the hustle and bustle of city life.

As you explore Waterford, you’ll discover a charming array of outdoor activities. From hiking and biking along scenic trails to boating and fishing on the serene lakes, nature enthusiasts will find plenty to keep them engaged. The town is also rich in history, with quaint architecture and local landmarks that tell the story of its past.

For those considering making Waterford their home, you’ll be pleased to know that the market is accessible, with homes available under $400,000. This presents an excellent opportunity for first-time buyers, families, or anyone looking to invest in a slice of Maine’s idyllic lifestyle. Whether you’re searching for a cozy cabin, a charming cottage, or a spacious family home, Waterford offers diverse options that cater to various tastes and budgets.

Community events, local shops, and friendly neighbors enhance the appeal of Waterford, making it not just a place to live, but a place to belong. With its stunning scenery, welcoming atmosphere, and affordable housing options, Waterford, ME, is truly a hidden gem waiting to be discovered. Come explore the possibilities and find your dream home in this enchanting town!

Newest Waterford Homes under $400,000

$349,000

2 Beds ⋅ 1 Baths

Enjoy comfortable single-level living in this beautifully remodeled and thoughtfully updated ranch, offering a great combination of modern improvements, energy efficiency, and outdoor space. Set on a level, open lot, this property provides plenty of room to relax, entertain, and enjoy the Western Maine lifestyle. Recent exterior improvements include new vinyl siding and a durable metal roof, while the interior features new flooring throughout and an updated bathroom highlighted by a tiled shower. Energy-efficient Samsung "Max-Heat" heat pumps provide reliable heating and cooling even in low temperatures, complemented by a high-capacity pellet furnace capable of holding up to 200 pounds of pellets for added convenience during the colder months. A spacious covered rear porch overlooks the expansive backyard and firepit area, creating an inviting setting for outdoor dining, entertaining, or relaxing around the fire. Outside, a detached two-car garage provides ample space for vehicles, recreational equipment, and storage. Outdoor recreation is right at your doorstep, with access to an extensive network of off-road trails and several nearby lakes. Sunday River is approximately 20 minutes away, making skiing, snowboarding, mountain biking, and year-round mountain recreation easily accessible. The property is also conveniently located near Norway Country Club and downtown Norway, providing easy access to shopping, dining, and everyday amenities. Whether you're looking for a year-round home or a four-season Maine getaway, this move-in-ready property offers comfort, efficiency, storage, and an ideal location for enjoying everything the area has to offer.

26 Smith St, Waterford

Listing courtesy of Oberg Insurance & Real Estate Agency, Inc..

$245,900

3 Beds ⋅ 2 Baths

This charming cape eagerly awaits its new homeowners. This place is a must-see, featuring a detached two car garage, and a yard perfect for summertime BBQs or a swing set! Other features include a wood stove in the basement. The attached 2-car garage includes overhead space which can be used as a studio, gym, or guest quarters. Currently the space above the garage is rented out. This space is in need of repair, although seller has already done some improvements. One should use caution with stairway leading to apartment. This home offers a great mix of comfort, space, and privacy. All offers MUST be submitted online; please go to https://my.shortsale.co/s/?w=offerInquiry for detailed instructions and to download REQUIRED Addenda

459 Norway Rd, Waterford

Listing courtesy of Maine Real Estate Pros.

$329,000

3 Beds ⋅ 2 Baths

Escape to Your Dream Retreat in Waterford! Welcome to Staples Road, a well-built contemporary cape nestled on a magnificent, unbelievably peaceful 1.8-acre lot. Outside, you are surrounded by peace and quiet, vibrant green grass, and wide-open blue skies. This property truly showcases nature's beauty, featuring a beautiful yard and rolling fields where you can enjoy daily wildlife sightings right from your private acreage. The spacious grounds also provide a large open driveway, making it effortless to host guests and store your recreational vehicles. For outdoor enthusiasts, this location is unbeatable, sitting right in between pristine, crystal-clear Bear Pond, Little Moose Pond, and many others. And you're always just a short drive from beautiful Long Lake for premier boating, swimming, fishing, and kayaking. You are also within easy reach of local ski mountains and hiking trails, making this a true four-season home. Stepping inside, the heart of the home features a dramatic cathedral ceiling over the dining, kitchen, and living areas and is flooded with natural light from the many windows. This spacious floor plan offers three bedrooms, two full bathrooms, a versatile loft area, and a full basement with tall ceilings ready for any possibility. This is an incredible opportunity to step in and add the finishing touches exactly to your taste. Hurry home to experience your new peaceful lifestyle. Bring your vision, finish it your way, and start living your Maine adventure today!

13c Staples Rd, Waterford

Listing courtesy of Bearfoot Realty.

$329,000

2 Beds ⋅ 1 Baths

Back on the market, no fault of the property. Escape to the peace and beauty of Western Maine in this charming log chalet nestled in the foothills of scenic Waterford. Set on a private 2-acre lot along a quiet road, this inviting Ward Cedar Log Home offers the perfect blend of rustic charm and practical amenities. Inside, you'll find a cozy, efficient floor plan with warm wood finishes throughout. The loft bedrooms provide a unique chalet-feel, while the screened-in porch is the perfect place to enjoy the sights and sounds of nature. The spacious basement includes a dedicated workshop, offering plenty of room for hobbies, storage, or projects. Outside, a carport and an outbuilding with electricity provide additional convenience and versatility. Whether you're looking for a full-time residence, a vacation get-away, or a peaceful retreat, you'll love the abundant wildlife, privacy, and natural beauty that surround this special property.

27 Roscoe Dr, Waterford

Listing courtesy of Bearfoot Realty.

$375,000

4 Beds ⋅ 2 Baths

Waterfront year-round home with 250 feet on Middle Pond. This contemporary home is located on 1.3 acres with a lot of potential to bring the home back to its prime! The first floor consists of an open concept kitchen, dining room and living room. There are 3 bedrooms and a full bath. The second floor has a large primary bedroom with skylights and bathroom with jacuzzi tub. Canoe or kayak and enjoy the sound of loons! Winter skiing at Sunday River, Mt. Abrams or Pleasant Mountain!

84 Kezars Rdg, Waterford

Listing courtesy of EXP Realty.

$320,000

3 Beds ⋅ 2 Baths

Welcome to 388 Waterford Road in beautiful Waterford, Maine! This inviting 3-bedroom, 1.5-bath home offers comfortable living in a peaceful country setting with stunning mountain and sunset views. The spacious layout provides plenty of room for everyday living, while the impressive 16' x 24' deck is the perfect place to entertain guests, enjoy outdoor dining, or unwind as you take in the breathtaking sunsets. Whether you're looking for a year-round home or a relaxing getaway, this property offers the ideal blend of comfort and outdoor living. Conveniently located near lakes, hiking trails, skiing, and four-season recreational activities, you'll have endless opportunities to enjoy everything western Maine has to offer. Don't miss your chance to own this charming home with incredible views and exceptional outdoor living space.

388 Waterford Rd, Waterford

Listing courtesy of LB Realty Group.

$125,000

1 Beds ⋅ 1 Baths

Easy to maintain 12X37 Park Model Home plus out buildings. Living room and dining area with cathedral ceilings. Around 1300' of frontage on the Crooked River (only natural spawning river for Landlocked Salmon in the U.S.). Good tree screening from road. Currently used seasonally.

188 Norway Rd, Waterford

Listing courtesy of Allied Real Estate.

$339,000

3 Beds ⋅ 2 Baths

Welcome to 192 Temple Hill Rd, Waterford! Enjoy the ease of one-level living in this inviting home thoughtfully designed with spacious rooms and soaring cathedral ceilings that create a bright, open feel. A year-round bonus room offers the perfect space to relax while taking in the peaceful views of the surrounding landscape. Step out in the patio just off the dining room, where you can enjoy your morning coffee or unwind at the end of the day as nature unfolds around you. Watch wild turkeys, deer, and other local wildlife visit throughout the seasons, creating a true Maine outdoor experience. Conveniently located just down the road from beautiful Island Pond, this property offers easy access to recreation while providing the tranquility and privacy of country living. Whether you're looking for a year-round residence or a peaceful getaway, 192 Temple Hill Road is a wonderful place to call home.

192 Temple Hill Rd, Waterford

Listing courtesy of Meservier & Associates.

$147,900

2 Beds ⋅ 1 Baths

If you've been looking for a project where the big items are already completed, this property is worth a look. Located on Waterford Road with an easy drive to Norway, Harrison, Bridgton, and Bethel, this 2 bedroom (3 bedroom septic new in 2024), 1 bathroom home sits on 1.14 surveyed and fully fenced acres with a solid foundation to build from. Plumbing was updated in March 2025, including rough-in for a second bathroom, hot water tank, and laundry. A new sump pump and basement dehumidifier were installed in September 2026, and the home has been professionally cleaned out and is ready to go. TC Hafford converted the crawl space to a full concrete foundation with perimeter drainage in 2016, backed by a lifetime guarantee. Metal roof installed around 2012. Pellet stove added in 2022. The hot tub is drained but works and has a new heat pump as of March 2026. Known items to plan for: the boiler has a cracked pipe and is not currently in use, the electrical should be inspected and updated, a new hot water heater and shower fixture are needed. Bring your ideas and make it yours!

1134 Waterford Rd, Waterford

Listing courtesy of Mahoosuc Realty, Inc..

$325,000

2 Beds ⋅ 2 Baths

This charming 2-bed, 2-bath converted schoolhouse dates back to the 1840s and still has the character to prove it. Exposed beams, solid bones, and a story most homes can't tell. Move-in ready with plenty of room to make it your own. The 2-story layout gives you flexible living space, and the full unfinished basement covers laundry and storage. The 2-car garage is attached to the house and offers storage above plus two attached workshop/storage areas, a nice space for hobbyists, contractors, or anyone who needs room to work. The real standout is the 30' x 50' fully insulated garage, heated with forced hot air (system installed 2022). It's set up with 100A electric panel, two 275 gallon oil tanks (one for the furnace, one for filling equipment with 2 separate fillers), a rainwater cistern for the sink, and a vehicle lift. Sitting on a level, cleared lot with ±2-3 acres to be split off the existing parcel (survey scheduled), this is a rare chance to own a piece of western Maine history with the workshop space to match. You're minutes from McWain Pond and Keoka Lake, and an easy drive to Norway, Bridgton, Harrison, and the Oxford Hills. A great central location without feeling remote. If you've been looking for something with character and space to work, this one's worth a look.

764 Mill Hill Rd, Waterford

Listing courtesy of Mahoosuc Realty, Inc..

$142,500

2 Beds ⋅ 1 Baths

With three ski resorts (Sunday River, Pleasant Mountain, and Mt Abram) within 30 minutes, fishing in the backyard, and ATV/snowmobile trails nearby, this property is perfect for outdoor enthusiasts. Make it a year-round home or a vacation getaway. The property includes a 2-bedroom, 1-bathroom mobile home, one car garage, and a small outbuilding overlooking Crooked River on a 1.6 acre lot. The mobile home sits on a partial basement and is in need of some rehab, or replace it with a newer home. Come see the potential this property offers!

14 Norway Rd, Waterford

Listing courtesy of Bearfoot Realty.

$268,000

3 Baths

This is a wonderful 3 unit mutlifamily building located in the peaceful village of waterford maine. The property has a generous amount of parking. located a stone's throw from the local snowmobile and atv trail head. Just down Route 35, a few minutes from this property, you will find yourself in the Whitemountain National Park. Waterford boasts several ponds and lakes for outdoor recreation. This property is recently refurbished and move-in ready. The layout of the interior provides the option of converting into a single large family home or can be left as individual units. Seller is willing to entertain all reasonable offers.

1047 Valley Rd, Waterford

Listing courtesy of Beagle Realty.

Start Your Search

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal,noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

This information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be intrested in purchasing.

Your privacy on the Internet is important to us. This Privacy Statement is to inform you that we will not provide your personal information to any third parties except as required by law or expressly authorized by you. We do not sell, trade, barter, or share information obtained from use of this site with any other businesses or people. All information gathered from a visitor to this web site is used solely by this office and/or its affiliated licensee(s). For additional information, please contact this office.