Lake Winnipesaukee and Winnisquam Waterfront Sales Report – May 2010
There were four Winnipesaukee waterfront sales in May, 2010 with an average sales price of $1.727 million compared to eight transactions last May at an average $799,438. So while total number of sales were down the total sales volume for the month actually went up. In the first five months of 2010 we had 31 transaction on the big lake with an average sales price of $1.217 million compared to just 19 for the same period last year at an average of $817,275. This is a great start to the summer season!
The largest sale on Winnipesaukee in May was at 46 Rocky Winds Drive in Moultonborough which was listed for $4,295,000 and sold for $3,900,000. This spectacular Adirondack lake home was built by one of the premiere builders in the Lakes Region, Skiffington Homes, and has 8,000 square feet of living space, seven bedrooms, eight baths, gourmet kitchen, five fireplaces, elevator, and…well just about every amenity you could possibly want. This impeccable home sits on a 1.2 acre lot with 200 feet of water frontage, a sandy beach, a permanent 50′ U-shaped covered dock and westerly views. I expect the new owner will have a fantastic summer! So will Joe Skiffington…
Another fine property at 124 Beede Road in Moultonborough that was originally offered at $1.595 million, was reduced to $1.35 million, sold for $1,198,500 after 250 days on the market. This home is a 3,594 square foot, three bedroom contemporary home built in 1996 that features a large open floor plan with a huge great room with a stone fireplace, a first floor master, and a wall of glass looking toward the lake. It also features two huge decks for outside entertaining, 304 feet of frontage with a sandy beach and a U shaped dock.
Over at 118 Pendleton Beach Road in Laconia a deal was struck on a 3,510 square foot, four bedroom contemporary that was built in 1979. Originally offered in 2008 for $1.699 million it sold for just about its assessed value at $1.15 million. The least expensive waterfront property sold in May was at 12 Wagon Wheel Trailin Meredith. This 1940’s vintage lake cottage on a level .33 acre lot had 90 feet of frontage, great westerly views of the bay and a sandy beach. The new owners plan to live there a while and eventually replace it with a new structure. This property was on the market for $699,000 and sold for $660,000 which was $108,000 below assessed value.
There was only one sale one Winnisquam in May which was over at 262 Shore Drive in Laconia. This home was built in 1974 and has 4,472 square feet of living space, seven bedrooms, and four baths. The .85 acre lot has 340 feet of frontage, a sugar sand beach, three docks, and southwestern exposure. Originally offered in 2008 at $1.075 million, it sold for $837,500 which was $112,000 less than its tax assessment.