318 N Arrow Drive
Pocono Lake, PA

$ 875,000
4 beds
3 full baths
2,100 sqft

For Sale

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Frank Racano
Frank Racano
Keller Williams Real Estate
Real Estate Agent
  • Stroudsburg, PA
  • Phone: (570) 350-6708
  • Office: (570) 421-2890
  • Licensed In: PA
  • License #: RS227803L

318 N Arrow Drive, Pocono Lake, PA

Lakefront opportunities like this rarely hit the market in Arrowhead especially one with this much flexibility, income potential, and room to scale. Situated directly on the water inside one of the Poconos' most sought-after gated communities, this 4 bedroom 3 bathroom property offers the perfect combination of personal getaway and high-performing short-term rental investment. This home already generates strong Airbnb potential as a true lakefront retreat, but what makes it even more exciting is the upside. With minimal modifications and proper township approval, the lower level offers the opportunity to create additional legal sleeping areas, potentially transforming the property into a 6 bedroom lakefront investment designed to maximize occupancy and revenue. Large groups, vacationing families, and weekend travelers are constantly searching for waterfront homes with space, privacy, and amenities -- and this property checks every box. The layout was built for entertaining and hosting, featuring multiple living spaces, expansive windows bringing in natural light and lake views, spacious decking areas, and direct access to everything Arrowhead has to offer. Whether you're looking for a luxury vacation home, a full-time residence, or a cash-flowing short-term rental, the possibilities here are endless. Arrowhead Lake is one of the premier STR-friendly communities in the Poconos, offering two lakes, four beaches, three heated pools, tennis courts, basketball courts, playgrounds, a fitness center, lodge, and year-round community events -- creating a destination guests return to again and again. Lakefront inventory is limited. Income-producing lakefront properties with expansion potential are even rarer. Don't miss the opportunity to own a property that offers lifestyle, investment strength, and long-term upside all in one.

Property Details
Type Single Family Residence
MLS # 141324
Lot Size 0.35 acres
Year Built 2006
Floor Coverings Hardwood, Laminate, Carpet, Tile
Heating Fuels Ductless (Heating), Central, Electric (Heating), Fireplace(s)
Cooling Systems Ductless, Ceiling Fan(s), Central Air
Roof Types Asphalt
Exterior Types Barbecue, Outdoor Grill, Fire Pit
Appliances Electric Oven, Range, Electric Range, Refrigerator, Dishwasher, Microwave, Washer, Dryer
Interior Types Breakfast Bar, Eat-in Kitchen, Kitchen Island, Laminate Counters, Sauna, Cathedral Ceiling(s), High Ceilings, Ceiling Fan(s), Storage
Patio And Porch Types Deck
Security Features Security
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Frank Racano
Frank Racano

Real Estate Agent Frank Racano

Licensed In

PA

License #

RS227803L

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(570) 350-6708

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Visit me online at http://www.poconohomesforsale.com

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Reviews

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Frank was knowledgeable, informative, and helped guide our decisions throughout the process. I would absolutely use Frank again if I had another home to sell in the Poconos.

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04/24/2026 - Dashon and Leticia J
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Frank was delightful to work with! He was available and responded timely to all my texts and e-mails. He thoughtful and took into my concerns into consideration when negotiating a fair price for the sale of my home in this competitive market. I would recommend him without hesitation!

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10/24/2025 - Tanesha J
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Frank was referred to me by my father who knew him, and after reading his reviews I knew he was the right agent to sell my home. His was always available to answer my questions promptly. Despite living in New Jersey, Frank went out of his way to make the sale of my home as seamless as possible. He was very understanding of my anxiety in the process and he was patient with me and walked me through the contract and all the other paperwork. We had multiple offers on my home and Frank advised me on the appropriate strategy which resulted in my getting an offer above my asking price. Frank is very knowledgeable, an expert and joy to work with. I would definitely recommend him!

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07/21/2025 - Lawrence C,
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Frank did an exceptional job of selling my home. This sale was very complicated due to a divorce situations and various liens. He made what could have turned out to be been a messy and problematic transaction, a smooth one for me. He was everything I was hoped for in a realtor: knowledgeable, professional and trustworthy. I highly recommend Frank to anyone looking to buy or sell home.

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03/13/2026 - Marco S,
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Over the years we have worked with Frank for 3 times now, and I could not be happier with his services. He is always professional and extremely knowledgeable about the current market. He priced our home exactly how it needed to be priced and set realistic expectations for us. I sold my first home with Frank in 2004 and bought another with him and then sold that home in 2014, and I was so thankful to have him advising me all this time. The process with Frank was so easy and stress free. All of the Vendors that he recommended to get my home ready were just as professional and knowledgable as he is. I would not use anyone else for all my real estate needs except Frank!

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09/12/2024 - Tina M,
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Frank and his team are awesome. My husband and I relocated from Florida to the Poconos. Frank made the whole process so non-stressful enough that we bought the house without ever seeing it except for pictures the video tour he sent us. When we got to the Poconos we weren't disappointed at all. He was upfront, honest and trustworthy throughout the process! , Even though it’s been years, he has stayed in contact with us and I have used his expertise several times. He has always been there for us. I highly recommend using him whether you are buying or selling a home!

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08/30/2024 - Ronald and Janet S,

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