Lake Winnipesaukee Real Estate

According to selling agent Jamieson Duston of Duston Leddy Real mansion, an approximately 7-acre mansion on Lake Winnipesaukee in New Hampshire sold for $12.3 million, establishing a state record.

Zillow states that the property was listed in November 2020 for $19.5 million. According to documents, the property was purchased by real estate investor Robert McGuire in 2019 for a sum of $7.75 million. Mr. Duston refused to reveal the buyer's identity. When asked for a remark,

Mr. McGuire remained silent.


About 840 feet of water frontage, four boat docks, and a tiny artificial beach are all part of the Wolfeboro property, according to Mr. Duston. The main house, which was constructed in 2006, is around 18,000 square feet in size and has a circular stairway that rises to four stories.


Eight bedrooms total, two of which are located in a separate guest wing. The stone fireplace in the big room is thirty feet high. In addition, there is a commercial kitchen, a bar, a wine room, a gaming room, a craft area, and a 15-seat theater within the home.

There are other structures on the site, including a barn. According to Mr. Duston, the interior of the three-bay, about 3,000-square-foot boat house is composed of steel and mahogany.


According to Mr. Duston, his customer upgraded the home theater and audio visual equipment. "All of the lights, inside and out, can be turned on with a single button push," he stated. According to Mr. Duston, the customer made the decision to sell since his family didn't utilize the home as often as he had anticipated.

According to Mr. Duston, Wolfeboro, which is around 40 miles north of Concord, is one of the nation's oldest summer resorts. He stated that he did not expect a full-price bid on the property since "no recorded sale in the state of New Hampshire has come close to that level," even though it would cost at least $20 million to develop a similar home today.

A previous transaction for a Lake Winnipesaukee house, which completed for $9.4 million in September, had previously held the state record for residential sales, according to Mr. Duston. According to documents, the property was purchased by entrepreneur Michael Garceau for $6.4 million last year. Records show that Anthony Belisle, who also owns real estate in Wolfeboro, is the buyer. Calls for comment from Mr. Garceau were not answered. Mr. Belisle opted not to respond.

According to the listing from Compass's Brie Stephens, the approximately 11.6-acre property near Tuftonboro features around 305 feet of lake frontage. The nearly 8,900-square-foot lodge-style home was built in 2017 and features eight bedrooms. The buyer was handled by Geordy Hutchinson, the proprietor of Yankee Pedlar Realtors.

According to Mr. Hutchinson, the high-end market is seeing a shortage of inventory and increased demand as a result of Covid.Mr. Duston claims that 19 purchases in New Hampshire in 2020 were worth more than $4 million, as opposed to 10 in 2020. Twenty have taken place so far this year, including the McGuire auction, with sales topping $8 million in four of them. In February of each year, two waterfront residences were sold for every five newly listed privately-owned properties. This trend was seen in the real estate inventory between February 2023 and February 2024. As a result, the total inventory for each month at that time increased by a net of three listings.


Lake Winnipesaukee Report for March 2024

It might be difficult to determine the average sales price from just two transactions each month, though. For example, the largest sale in the last month was much less at $2,669,000, whereas the largest sale of the prior year was a noteworthy $11.5 million.

Notable was the recent sale of 13 Blackey Cove Road in Moultonborough. Even though the property first failed another buyer's evaluation, it was eventually sold for its full asking price. Luckily, there were backup purchasers willing to pay the entire asking price since they had the cash on hand.
The other transaction from last month was on Castle Shores Road, which was once shared by a family but is not connected to the Suissevale organization. This specific sale concluded $200,000 less than the asking price, suggesting that the seller was ready to leave with the home.

These deals demonstrate how the Lake Winnipesaukee real estate market is dynamic, showcasing both its possibilities and its difficulties.

Inactive or Engaged

A unique property on Governors Island is new to the Lake Winnipesaukee real estate market. This is three parcels of land combined into one large offering, not simply one piece of property. It was previously advertised as 19 Loch Lane, with a starting price of $5,122,640. This was only an initial listing meant to kick off an auction. For $8,925,000, a group of investors purchased it after seeing its potential. They are now trying to sell it for $12,998,000 in the same condition. The listing includes one more parcel of land in addition to the total number of rooms from the two residences on the site.

There's going to be another record-breaking sale on Meredith Neck Road. Over 4500 feet of lakeshore make up this expansive area, which was formerly a girl scout camp.
When it became up for sale, it was quickly purchased by a group of investors who were reportedly planning to turn it into a new neighborhood with plenty of waterfront houses using a local builder. This property spans over 95 acres with views of Bear Island, and they are want $20 million for it.

These two enormous estates in the Lake Winnipesaukee region demonstrate how the market in this area is not limited to housing purchases, but also encompasses significant investments.
These properties are contributing to the narrative of why Lake Winnipesaukee is a desirable location for investment and lifestyle as they are developed and change ownership.

Real Estate in Popular Communities Surrounding Lake Winnipesaukee

Winnipesaukee offers more than 44,000 acres of thrilling sailing and motor boating combined with complete relaxation. Buying a house in one of the many communities surrounding the lake is one option to improve your free time. NH Lakes Real Estate

A few gated lake communities are among the most well-liked. Bald Peak, a wonderful golf course and collection of opulent mansions, is situated in Tuftonboro. Situated north of Weirs Beach, Meredith Bay is one of the newest and most fashionable projects.
At Grouse Point in Meredith, residences and condominiums are available with a private workout center.
The majority of the residences in these neighborhoods provide breathtaking lake views. Southdown offers a wide range of products at various pricing points. including 19 settlements, some of which include tennis courts or pools.
Southdown features tennis courts, a sand beach, boat docks, basketball, volley, and a highly sought-after rack boat storage area. A portion of Southdown is Long Bay. Single-family houses with a pool, tennis courts, and two stunning beaches can be found at Long Bay. Every community has kayak storage at the water's edge, and a golf cart is essential for getting about the well-kept gated property.

Governors Island, Broadview, Samoset, Patrician Shores, Far Echo, Jonathans Landing, Lands End, Balmoral, Crosswinds, and Suissivale are more towns I would suggest.
There are excellent beaches and boating options in each of these locations.

In order to access to the ski slopes or the snowmobile paths, some communities will shovel directly to your door throughout the winter. However, property upkeep regulations vary by municipality.


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