Lake Arbor is an unincorporated area and census-designated place (CDP) in Prince George's County, Maryland, United States.

When the project went bankrupt in the mid-1970s after selling only 41 houses, Manufacturer's Hanover Trust acquired the debt and held it as REO (real estate owned) for approximately 10 years until a limited partnership composed of David A. Gitlitz, Alvin Dworman, Phillip Abrahms, Phillip D. Winn, and Gary S. Lachman acquired it.

Under the direction of Gitlitz, and with technical engineering assistance from Abrahms, Lachman changed the name of the property to Lake Arbor.

The story of Lake Arbor is emblematic of the socio-economic and demographic evolution of Prince George's County that occurred in the mid-1980s.

[7] Against the strong resistance of many large national builders who perceived Prince George’s County as a price-sensitive retreat for urban African Americans who neither wanted nor could afford upscale amenities for their homes, community developers like Porten Sullivan, Pulte, Winchester, George T. Farrell of Morgan Investments and Jon Laria[8] from Laria Builders built features like two-car garages, brick, fronts and elaborate landscaping and built 2000 luxury homes in this community in the 1980s,[9] initiating a new path for the rest of Lake Arbor Community.

Reynolds Real Estate acted as selling realtor and Industrial Bank of Washington provided construction and purchase financing.

Firmly demonstrating both the sophisticated tastes and buying power of the predominantly African American market, as well as codifying architectural standards requested (but not mandated) by county executives such as Winnie Kelly and Governor Parris Glendening, Lake Arbor established Prince George’s County as the most desirable destination for young, affluent African American families moving from Washington, DC for a suburban lifestyle.