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Old 05-03-2021, 09:11 PM   #1
TiltonBB
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Default Sandy Point Going Condo!

It looks like Sandy Point Resort will be sold to condo developers. The price is in the $10 million range.

The potential buyers are doing their due diligence now but there should be a closing before the end of the year.

At one time there were 77 units there but it looks like in condo form there will be about 36 units, with docks. There is over 2,000 feet of lake frontage.

One concern is whether to rehab existing units or build new on the existing footprints. Another concern is the septic system is located across the street so it requires a pump system. But, without town sewer that is better than having the system on the lake side of the street.

At one time the price would seem crazy but with the current real estate market maybe it isn't that out of whack!

Last edited by TiltonBB; 05-04-2021 at 06:35 AM.
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Old 05-04-2021, 09:18 AM   #2
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Do they build houses anymore ?
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Old 05-04-2021, 09:29 AM   #3
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Based on the the asking price for the units at Bartonís Motel. The developers have a chance to make a very nice dollar.


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Old 05-04-2021, 09:41 AM   #4
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I use to own a cottage directly across the bay from Sandy Point back in the late 70's. Alton Bay has changed so much.
This run up in prices will probably put the nail in the coffin for the rest of the motel style rentals.
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Old 05-04-2021, 10:01 AM   #5
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Originally Posted by Biggd View Post
I use to own a cottage directly across the bay from Sandy Point back in the late 70's. Alton Bay has changed so much.
This run up in prices will probably put the nail in the coffin for the rest of the motel style rentals.
There's no money in motel style rentals...
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Old 05-04-2021, 10:13 AM   #6
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Default One other problem.

One other problem: Sandy Point is on seasonal town water. I believe the water is turned off from around Oct to April. Water lines can be found actually above ground in the vicinity of Sandy Point.

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Old 05-04-2021, 10:23 AM   #7
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There's no money in motel style rentals...
I know that but there still are a few left and now these motel owners will be cashing in.
The area is changing, more people are making it their home.
The resort feel of years ago is fading fast.
I have fond memories of camping at the track on motorcycle weekend and then a few years later moving up to the luxury digs of a 10x10 rental cabin, LOL!
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Old 05-04-2021, 10:31 AM   #8
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Default Sandy Point going Condo

I am not an Alton Bay resident, but I certainly hope the local government has strong planning ordinances to address what is obviously a questionable septic system.
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Old 05-04-2021, 10:47 AM   #9
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Donít understand how Alton has managed to avoid a sewer system with over 20 miles of heavily populated lake shore frontage. More and more of it is becoming 3 and 4 season residences as well.
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Old 05-04-2021, 11:31 AM   #10
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Internet driving directions say it is 9.3-miles from Sandy Point, Alton, going up Route 11 to Lake Shore Park in Gilford, next to Ellacoya State Park.

Lake Shore/Ellacoya has that very prominent septic pumping station shed so why not run a septic line from Sandy Point, 9.3-miles, to Lake Shore/Ellacoya!

That was easy! ....

With a regional sewer hook-up like that, Sandy Point in Alton could have more densely built condos, similar to Christmas Island, Laconia, or Lake Shore Park, Gilford.
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Old 05-04-2021, 02:28 PM   #11
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Quote:
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I am not an Alton Bay resident, but I certainly hope the local government has strong planning ordinances to address what is obviously a questionable septic system.
This could definitely be an issue! Does anyone know if the now vacant Sandy Point Restaurant is tied into the same system?
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Old 05-04-2021, 07:02 PM   #12
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From what I understand, everything on the property is tied to the same septic, with tanks throughout the property, pumping to a leach field across the street.
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Old 05-05-2021, 01:15 PM   #13
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If the number of units goes from 77 down to 36, the septic may be able to handle the reduced load. Docks around the lake are selling for $100K in 24-48 hours. Attach a nice condo and sales for $400K should be no problem. This will be interesting to follow. Thanks to folks like Upthesaukee for keeping us up to date.
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Old 05-05-2021, 06:52 PM   #14
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The 72 unit number would include all the hotel rooms in their original configuration. It will be interesting to see what the plans are for the property, existing structures, utilities and docks. Certainly a lot of potential there for a developer. Just going to be a matter of what the town will permit.
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Old 05-06-2021, 12:44 PM   #15
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Default Few motel units at Sandy Point

Sandy Point cottages went seasonal back in the 1980's. There are about 35 cottages all leased by the season. The Hillside motel was changed from 8 rooms to 4 two room efficiencies and they are also seasonal leases. Same thing with the unit below which was converted from 6 rooms to 3 seasonal efficiency units. The only actual motel units rented out weekly or overnight are the 12 rooms at the top of hill in the Scenic motel, and the 6 units on the beach which are also converted efficiencies which had originally been 10 one room units. Right now that makes about 53 units, no longer 77. Uppy is correct, the water is town water and is shut off from mid October to mid April as the water supply runs above ground at the bridge 1/ 2 east on Rt 11. Only the owner's residence has a well. All the cottages share septic systems which are pumped across the road to the leach field across from the restaurant building which is also on the shared system.

The condos being built at Barton's are a different story. There they have city sewers and year round water. Sandy Point is a little more rustic and I am sure the 1940's era shared septic and seasonal water will be an issue.
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Old 05-06-2021, 02:46 PM   #16
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Ha! Just wait till the NH DOT learns of this. If the the rentals/restaurant facilities in the front (the buildings on Rt. 11) get torn down, the DOT will want their right-of-way back. That'll seriously cut into the developer's profit margin! Nothin's easy!
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Old 05-06-2021, 04:42 PM   #17
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Quote:
Originally Posted by root1 View Post
Ha! Just wait till the NH DOT learns of this. If the the rentals/restaurant facilities in the front (the buildings on Rt. 11) get torn down, the DOT will want their right-of-way back. That'll seriously cut into the developer's profit margin! Nothin's easy!
Are you talking about the old Railroad right of way?
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Old 05-06-2021, 05:17 PM   #18
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Default Row

Quote:
Originally Posted by root1 View Post
Ha! Just wait till the NH DOT learns of this. If the the rentals/restaurant facilities in the front (the buildings on Rt. 11) get torn down, the DOT will want their right-of-way back. That'll seriously cut into the developer's profit margin! Nothin's easy!
I remember hearing that the last room or 2 of the upper motel is within the ROW. I believe the ROW is 50 feet on either side of the center line of Route 11. Not sure if the restaurant building is also within the ROW as well as the 3 cottages below the embankment just east of the Sandy Point entrance.
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Old 05-07-2021, 08:01 AM   #19
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Default Railroad Right of Way

Gilford residence learned early on the state never left the right of way. In fact the Winnipesaukee Basin uses the right of way for the sewage pipe. They ran out of money before Ames Farm. There are still plans to continue the sewage all the way to Alton. Not sure if they will get funded, but I'm sure once they start testing the waters it will continue.
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Old 05-07-2021, 08:03 AM   #20
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The problem with extending the sewer is that the last I knew Franklin was at capacity if not over. Now maybe it has since been expanded if that is possible and I am not sure it is.
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Old 05-07-2021, 09:03 AM   #21
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Ugh ... I forgot about the leaching field/parking lot across the street. That's definitely in the DOT ROW; the developers can kiss that goodbye. Sigh .....
Life, in some ways, was better when the railroad was there; instead of a state highway!
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Old 05-07-2021, 09:18 AM   #22
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Default Sandy Point Condo

Having read all these posts, and seen the different little tidbits of information, this project looks to me to be something which will keep lawyers and surveyors busy for long time. Sandy Point is geographically a very sensitive area, and it would be a real shame if technicalities became the deciding issues with respect to development.
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