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Roy Sanborn - Waterfront Sales Report

There were three sales in February on Lake Winnipesaukee at an average of $1.26 million. That's down from last February when we had seven sales that were all below the million dollar mark resulting in an average price of just $606,429. While the total number of sales are down this year so far, at least a few high dollar properties are moving.
The largest sale in February is a brand spanking new Scott Fuller Development home at 34 Boathouse Road in Moultonborough. This 5,500-square-foot, high quality contemporary has all the features expected in a grand lake home on Winnipesaukee including a great room with soaring cathedral ceilings, massive stone fireplace, and a wall of windows facing the lake that opens out to a massive lakefront deck. There's a first floor master suite with a fireplace and private deck and a gourmet kitchen that is open to the great room and dining areas. Upstairs are three quest suites, a media, bonus room, and loft area from which you can view the stunning great room below. The walk out lower level has a large family room with a fireplace, billiard room, and home theater (of course!) This home sits on a private .89 acre lot with 180-feet of frontage, a sugar sand beach, and sunset views. The exterior is finished in cedar shingles and clapboards with a natural stain for that Adriondack feel. Sounds pretty spectacular to me! This home was listed at $2.5 million and sold for $2.35 million.
At the other end of the spectrum, the least expensive sale on the lake was at 40 Governor Wentworth Highway in Tuftonboro. This property consists of a 1960's vintage, year round 2/3 bedroom home and a Victorian era three bedroom guest cottage on a half acre lot with 91-feet of frontage on Winter Harbor. The main house has basic amenities including an eat in kitchen living room, den, one full bath, two beds down and a large room on the second floor for sleeping a herd of kids and will probably make way for a new waterfront home. The guest cottage looks more interesting with its wrap-around porch and would be a neat structure to keep as it is also located steps to the lake. This property was originally listed at $795,000, was reduced to $635,000, and sold for $585,000 after 469 days on the market. The current assessment is listed at $782,700 so whether the new owner is going to build new or use as is, I bet he is delighted with his purchase.
There were no sales in the month of February on Winnisquam or Squam! Ouch!
If you are a property owner on a lake I would highly encourage you to visit the Lake Winnipesaukee Watershed Association's website at www.winnipesaukee.org . This non-profit organization is dedicated to protecting and preserving the water quality in the Lake Winnipesaukee watershed area. Its ongoing activities include coordination and assistance to the UNH Lakes Lay Monitoring Program on Lake Winnipesaukee, educational outreach and awareness programs, assistance to communities in milfoil prevention activities, and development of the Lake Winnipesaukee Watershed Management Plan. There is a wealth of information here about how to do your part in keeping our lake pristine and they also post their newsletters on line that you will find extremely informative. Lake monitoring data can be found on www.winnipesaukeegateway.org along with recreation information, watershed maps, and info about the watershed management plans. These are two great sites that everyone who loves Winnipesaukee should visit!
As of this writing there were 176 homes for sale on Lake Winnipesaukee with 73 of those below the million dollar mark! You can get onto lake with an island property generally starting in the $200-400,000 range. There is a camp available right now on Bear Island for $169,900. I'm not saying it's great, but it is a buy at $100,000 below assessed value! There are 16 homes available on Winnisquam starting just under $300,000 and many, many homes on smaller lakes in the are starting perhaps for a little less. So, if you want your piece of waterfront heaven in the Lake Region this would be a great time of year to start your search.
Please feel free to visit www.lakesregionhome.com to learn more about the Lakes Region real estate market and comment on this article and others. Data was compiled as of 3/12/13 using the Northern New England Real Estate MLS System. Roy Sanborn is a REALTOR® at Roche Realty Group and can be reached at 603-677-8420
 
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