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Lakes Region Waterfront Sales Report - October 2011

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Posted 11-18-2011 at 04:24 PM by Roy Sanborn

Halloween has come and gone and it didn’t scare off buyers looking to purchase waterfront homes on Lake Winnipesaukee. There were eleven sales at an average price of $1.17 million and a median price point of $950,000. That matches the eleven sales last October although the average sales price came in higher at $1.46 million. If there is a any bright spot or consistency in our current real estate market it would have to be waterfront sales on the big lake.

As usual, the least expensive sale (that’s the nice way to say cheapest) in October on Winnipesaukee is an island property. In fact, the three least expensive properties were on islands, but the property at 305 Bear Island in Meredith took the lowest priced honors selling for only $157,000 after 225 days on the market. This bank owned property was initially listed for $254,900 and subsequently reduced to $179,000. The town has the property assessed for just over $300,000. This one bedroom cottage has a huge screened porch plus a bunkhouse and sits on a .23 acre lot with 100 feet of frontage with some pretty good docking. The only problem was that part of the house and the bunkhouse are on the neighbors lot. A “slight encroachment” you might say. But I guess that is not as big of a problem as one might think. After all, this is NaHamsha ya’know and at least the septic system was on the right lot.

Over at 37 Hanson Drive in Moultonborough, Scott Fuller Development built a nice 4,524 square foot Adirondack home proving that if you build the right home they will come. This quality home has three bedrooms including a first floor master suite, five baths, custom cherry cabinetry, granite, natural woodwork, great room, stone fireplaces, and family room. You know the drill. This home sits on only a .52 acre lot with 100 feet of water frontage proving that maybe less if more if that “less” is pretty good. This property was offered at $1.75 million and sold for $1.69 million going under contract after 107 days on the market. It is nice to see a new construction on the lake move quickly.

The largest sale on Winnipesaukee was in Wolfeboro at 72 Parker Island Road. This modest 8,300 square foot, eighteen room, six bedroom, eight bath home built in 1986 was completely rebuilt in 2002 with no expense spared. I have to admit, it looks pretty nice, but one might be a little nervous about kicking back here or coming in with a bit of sand on your flip flops. But hey, to each his own. There are magnificent views from most rooms in this impeccable home, first and second floor master suites, sauna, exercise rooms, and the open floor plan with a traditional feel lends itself to eloquent entertaining. You know, kind of like Tony Bennett style versus Lynard Skynard, but all is good. The professionally landscaped 3.37 acre lot has 242 feet of frontage, a sandy beach, stone patios, breakwater, and docking. This home was listed at $4.195 million and sold for $3.8 million. The Town of Wolfeboro currently has this property assessed at $4.116 million.

There were two sales on Winnisquam last month but that doubled the amount in October last year. The largest sale was at 116-2 Gray Road in Sanbornton. This really neat, custom built, 2,368 square foot, two bedroom house has that true lake home feel. It kind of reminds me of a place Jimmy Buffett would like. There’s plenty of knotty pine, hand forged lighting fixtures, a large custom kitchen with cherry cabinets, a Viking stove, and granite counters, two fireplaces, a master suite, and a year round porch to drink margaritas on. There is even a two bay carriage house with a bunk room above for any Parrott Heads that want to come and visit. The well landscaped .38 acre lot has 100’ of frontage and a 40’ dock, raft, and mooring. This property was originally offered at $649,000, reduced to $599,000, and went under contract at $569,000 after only 73 days on the market.

Once again, there were no waterfront homes sold on Squam. All I can hear is Don Gibson singing Oh, Lonesome Me…” Maybe we'll get one next month?

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