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Lake Winnipesaukee, Winnisquam, and Squam November Waterfront Sales Report

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Posted 12-15-2012 at 10:02 AM by Roy Sanborn

There were twelve drummers drumming and twelve waterfront sales on Winnipesaukee in November! Maybe ten lords were leaping to get their checkbook and two of the nine ladies that were dancing paid cash? The average sale price came in at $645,917 with a median price point of $587,500. There were eleven pipers standing out on the Meredith Town Docks piping away about the eleven month sales total of 115 transactions at an average price of $1.013 million. That compares to 92 sales at an average of $1.046 million for the same period in 2010. That is great cause for celebration as it is a 25% increase in waterfront sales this year…

The least expensive sale on the lake was at 108 Cow Island in Tuftonboro. There wasn’t any sign of eight maids a milking even if this is Cow Island for this was just a “starter camp” which aptly paints the picture for you. The camp has three rooms, one bedroom, and one bath with a composting toilet. But it sits majestically on a ¼ acre lot with 100’ of frontage and a dock. It is a “work in progress,” but hey, it was on the market for only $129,000 and sold for an even $100K. It is assessed at $245,000 by the big city of Tuftonboro so perhaps it wasn’t just a partridge in a pear tree.

The property that sold at 50 Minge Cove in Alton best represents the median price point with a sale at $575,000. This 1,530 square foot, three bedroom, two bath cape style home was built in 1985 and had extensive renovations done in 2005. It has a bright and open floor plan with a fully updated kitchen, living room with brick fireplace, a first floor guest bedroom, and a dining area with sliders that take you out to the deck. Upstairs is a large master bedroom with a balcony overlooking the water as well as another guest bedroom. This is a car lovers’ dream property with both a five car and a two car detached garage. A waterfront “Garage Mahal” so to speak. This sale didn’t come easy though. The property was first listed back in June of 2009 at $995,000 and was on the market a total of 1,018 days. At the time of the sale it was listed at $649,000 and a deal was struck at $575,000 which was well below the current Alton Tax assessment at $614,500.

The largest sale of the month on Winni was on Buzzell Cove on Moultonborough Neck at 43 Edgewater Drive. This is a pristine 5,000 square foot, five bedroom, six bath, custom built Adirondack with all the bells and whistles; soaring ceilings, field stone fireplace, extensive wood work and exposed beams, expansive glass walls and skylights, custom kitchen with granite and stainless, and a family game room in the basement. There are two screened porches and a deck overlooking a westerly facing one acre lot with 200 feet of frontage, a sandy beach, and permanent dock. This property was listed at $1.425 million and was on the market 129 days. A deal was struck at $1.295 million which is just above the current assessment of $1.209 million. In the summer time there are usually seven swans a swimming in the lake by the dock so the buyers must have felt it was worth just that little bit more.

There was one lone sale on Winnisquam in Belmont at 18 Walnut St. which is about as far south on the lake as you can get. This classic lake home was built in 1927 and has loads of charm and character with wood floors, beamed ceilings, field stone fireplace, a charming porch, an in-law suite, and a separate studio/office, But the real story here is the very private 1.5 acre lot which is a point of land with 540’ of frontage, a sandy beach, and three docks. This property was first listed in May of 2010 for $692,000 and was eventually reduced to $592,000 with a deal made at $545,000 after 368 days on the market. The current tax assessed value is $503,700.

Up on Squam there were two sales and both were nice ones. An 1883 vintage seasonal home known as the Yellow Cottage on Squam Lake has 2,000 square feet of living space with three bedrooms, two baths, and a quintessential screened porch overlooking the lake. The home sits on a 17 acre private lot with 800’ of frontage at 97 Jimmy Point Road in Sandwich. This property was listed at $1.9 million and sold for $1.686 million. The tax assessed value is $1.8 million.

There was not a lot of info available on the other sale on Squam other than the basics, but I think you'll get the picture. This house is a 4,400 square foot, five bedroom, six bath Adirondack home and guest house built in 2004. There were no pictures and not much of a description other than the terms “unique, extraordinary, and exquisite.” After all, it is Squam, you know. The lot is a mere 32.5 acres with privacy, fields, and woodlands with Southwesterly exposure. The address of 92 Unsworth Road in Moultonborough is a bit of a misnomer as the property was listed at $9.95 million and sold for $8.7 million. The current assessed value is $4.87 million. This property cost a more than five golden rings, but did come with the three French hens, two turtle doves, and, in this case, a partridge in a money tree…or so one would hope!

Data was compiled as of 12/10/12 using the Northern New England Real Estate MLS System.

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