February waterfront sales report

  • Published in Columns

There were five waterfront homes sold on Lake Winnipesaukee in February, 2014 at an average price of $1.75 million. That's just a little bit better than the three sales posted in February 2013 at an average of $1.26 million.

The least expensive home sold was at 5 Little Bear Island in Tuftonboro. This is a pretty neat property that consists of a nice, 1,200 square foot, three bedroom log cabin built in 2005 along with a separate bunkhouse to hole up in when you get thrown out for staying up too late partying with your fishing buddies. The cabin has a great room with vaulted ceilings, a gas fired fieldstone fireplace, a loft area, a nice little kitchen, and a great rocking porch to tell fishing stories on. The .9 acre lot has 100' of frontage, and a permanent dock. This property was priced at $350,000 and sold for $300,000 after 156 days on the market.

The property representing the mid-priced sale was at 37 Elm Street in Alton...actually West Alton, near Smith Point. This is a 2,000 square foot, three bedroom, one and three quarter bath, contemporary home with panoramic long range views of the broads. The house has an open concept kitchen and living room area with lots of glass to bring in the views, cherry floors, and a gas fireplace. The master suite has a waterfront balcony, tiled bath, whirlpool and double closets. There's a family room over the attached two car garage with built in bunk beds and an additional bonus room over the detached two car garage that needs finishing. The house sits on a level half acre lot with 78' of crystal clear frontage, a sandy beach, and dock. This property was listed at $925,000, was reduced to $899,000, and sold for $870,000 after 484 days on the market. It is assessed at $781,100.

The highest price sale was at 83 Spindle Point in Meredith. This 6,700 square foot, fourteen room, four bedroom, six bath Adirondack home was custom built in 2009. The home features a gourmet kitchen (of course) with tile, granite and stainless, a fabulous great room with a see through fireplace that is shared with the dining room, and a first floor master suite with fireplaces in the bedroom and bath just in case you are cold when you get out of the shower. There are four more bedrooms upstairs plus a family room and down in the lower level there's a family room, game room, and bar area. The home is energy efficient and features a geothermal heating system. A four car garage will hold all your toys and there's a covered boat slip and breakwater for the Formula speedboat you've always wanted. The 1.87 acre lot has 100' of frontage and spectacular Southwest views. This home was offered at $2.86 million, was reduced to $2.45 million, and sold $2.258 million after 274 days on the market. Now this was a short sale, but it did close, so someone has gotta be happy with the purchase. This property is assessed at $2,230,700 by the big city of Meredith.

There were two sales on Winnisquam in February. A 672 square foot , four room, two bedroom cottage at 71-1 Maple Circle in Sanbornton found a new buyer after 151 days on the market. While you won't be able to get lost in this little cottage, the big deal is that it provides access to the broadest part of Winnisquam with 172 feet of sloping sandy frontage that's great for the kids and granny. There's a galley kitchen, a dining/living room area with a fireplace and a nice deck. This property was listed at $479,900, reduced to $431,400, and sold for $421,600. The Town of Sanbornton has the assessed value at $431,200. Good deal, Willie!

The other sale on Winnisquam was in Meredith at 27 Lower Waldron Road in Waldron Bay. This 4,814 square foot contemporary was built in 1999 and has four bedrooms and nine baths. Yes, nine baths! You see it is a long way from one end of the house to the other and you can never be sure if you'll make it. There are five full baths, two three quarter baths, and two half baths. All kidding aside, this is a beautiful open concept home which offer spectacular views for everyone that is not in a bathroom at the time. The main level has copper/slate flooring through the entry way and kitchen, antique maple flooring in the living room and dining area, soaring ceilings and gas fireplace, and a first floor master suite. There's a media room, spa room, second full kitchen, hot tub room, and full bar in the lower level walkout area. An attached three car garage will keep the cars warm and there's a 36 foot dock for your boat. The 1.07 acre lot has 168' of frontage with a perched beach. This home was listed at $1.299 million and sold for $1.16 million which seems like a lot until you break it down. It really cost just $128,889 per bathroom which is less than the assessed value of $130,566 per bathroom. See, it all depends on how you look at things.

There were no waterfront sales on Squam in February to report. I'm sure they'll be on the board next month!

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 using the Northern New England Real Estate MLS System as of 3/15/14. Roy Sanborn is a realtor at Four Seasons Sotheby's International Realty and can be reached at 603-455-0335.