THE WALL STREET JOURNAL. Friday, September 20, 2019 |M7F
ArareopportunitytoownaclassicNewEngland1897
farmhouse,meticulouslyrenovatedtoblendsuperb
craftsmanshipwithhighperformance.Thisunique
marriageofbeautyandadvancedbuildingtechnology
willprovidequality,ahealthyenvironment,long-term
value,andunparalleledcomfortforyourfamily.
Sitedalongadesignatedscenicroad,thisexceptional
property,thoughtfullytailoredforcontemporaryliving,
pioneersanewstandardforultra-efficient
luxuryhomedesignwithLEEDPlatinum®,DOEZero
EnergyReadyHome,EPAIndoorairPLUS,and
ENERGYSTAR®certifications.
14rooms•6bedrooms•7.5baths•chef’skitchen
butler’spantry•yogastudio•recroom•gym
solarpanels•3cargaragewith2baysEVready$4,850,000OfferedbyCraigFoley
857-259-1838 (Mobile) [email protected]Performance Meets Perfection
It’s time to change what you expect from a home
346 Highland Street, Weston, MA
Luxury waterfront
compound built
in 2014. Old world
charm, smart
house technology.
Exceptional design
& construction. 7-9
bedrms between
main house & guest
house. Grotto,
billiards, wine cellar,
6 bay garages. Deep
water dock, sandy
bottom swimming.
$4,995,000
100GarnetHill.comMasterfully crafted,
clever design
choices insure long
lake views from
every vantage. Over
3,000 sq.ft. living.
153’ shoreline. Lush
lawn, deep dock,
near Mt. Sunapee
Ski Resort.
$1,795,000
LinwoodSunapee.comCreate family
traditions at this
Lake Sunapee
compound on
2 acres of lush
lawns with widest
water views. Grand
log cabin, guest
house, 9 bedrms
combined. Deep
water boathouse,
long swim pier,
tennis court.
$4,950,000
158GarnetHill.comPam Perkins
603.526.8500
PamPerkinsRealEstate.comLAKE SUNAPEE, NEW HAMPSHIRE 54 Waites Landing Road
Falmouth Foreside, MaineElegant new construction in a prestigious Falmouth
Foreside neighborhood. Set on a waterfront lot with
dramatic views of Falmouth’s anchorage and Casco Bay
Islands, the shingle style home designed by acclaimed
architect Joe Waltman and custom built by M.R. Brewer,
boasts the best in materials, amenities, and design. The
the second level, and an additional bonus room over the
three car garage. An extraordinary opportunity in one of
Maine’s most coveted seaside communities.
RE/MAX By The Bay
!"""# #$% & '($2,695,000 MLS # 1412420
Shingled Luxury Residence: Over 6500 sq. ft. of quality appointments on three levels (13 rooms,
five bedrooms, 5-1/2 baths) has a south facing, road’s end 20 acre site abutting thousands of
“Supersanctuary” Acres. Views to Mt. Monadnock & Mt. Skatatukee across landscaped grounds.
$899,900Crowning A Sunlit Hilltop ... with a privacy ensuring drive, this superbly situated turn-of-the century
Gambrel Colonial with guest/rental apartment has large gracious gathering spaces including 2014
updated kitchen/dining/family. 6 bedrooms, 5 ½ baths. Studio plus 38’ x 26’ climate controlled library.
$775,000Contemporary Residence: Secluded on its 5 mountain view acres, this geothermal oasis has soaring
ceilings & light, airy living space plus amenities for an active lifestyle ...gunite pool, tennis court, 900
sq. ft. guest house/rental, 4 car garage storage. $875,000Long Meadow Farm: Updated and expanded main residence (8 rooms, 4 BRs, 2 baths) and a second,
2005 one floor home with an open concept LR/DR/Kitchen, luxury bedroom & spa tile bath, both
accessing a terrace with 40’ pool have a long view over meticulous grounds and wetlands. 5 garages.
$695,000NEW ENGLAND
Special Advertising FeatureSpecial Advertising Section
N
orthern New England — Maine, New Hampshire and Vermont— continues to attract
homebuyers looking for tranquility and relatively low prices.Vermont offers skiing and
a green culture; New Hampshire has mountains and lakes; Maine has winter sports and —
depending on how you measure it — more coastline than any other continental state. All three
offer value.
by Joseph Dobrian
According to Chris Lynch, owner of Legacy Sotheby’s
International Realty in Portland, Maine, luxury property
sales have risen by 20% over 2018, year to date.
“We have seen a structural change in the way the
U.S. looks at living in Maine,” he says. “The false percep-
tion of Maine as dark arctic tundra has been overcome,
largely due to the growing popularity of greater Portland.
Historically, very few homes could be sold for more than
$1 million without an ocean component, but now in sev-
eral coastal communities, homes with no water exposure
are achieving that price. Supply has been challenging for
nearly four years.”
This is partly because many homeowners have locked
in low interest rates on their current homes, he explains,
and prices have gone up due to supply shortages. Still, he
insists, the state offers tremendous value.
“The high-value properties are highly concentrated in
York and Cumberland Counties, the two southernmost,”
he says. “In the past five or more years, we have seen sol-
id growth at all price points.”COASTAL PROPERTIES HOLD THEIR VALUE
David Banks, who heads the David Banks Team at
RE/MAX by the Bay in Portland, agrees that coastal
Maine is a hot market, with many buyers looking at price
points between $2 million and $3 million.
“There’s not a ton of inventory, so sellers can play a
little harder in negotiation for waterfront properties,”
he says. “The lower end is also busy, but the properties
between $700,000 and $1 million are moving slowly.
Boomers are looking to downsize, and we notice a trend
to contemporary design.”
Banks highlights one listing that captures current
market trends: 54 Waites Landing in Falmouth, a brand-
new 5,000-square-foot construction with ocean views
and five bedrooms, each with a private bath. It’s current-
ly priced at $2.695 million.
Susan Bradley, luxury agent at the Laconia, New
Hampshire, office of Coldwell Banker, focuses on high-
end waterfront properties, some with acreage around
two major lakes: Winnipesaukee and Squam. The lakes
are an easy trip from southern New Hampshire, she says,
and most buyers come from there or greater Boston.
“Compared to last year, we have about the same num-
ber of $1 million-plus properties sold, but an increase
in $2 million-plus,” she says. “I don’t see much changein what people are looking for, but buyers are spending
more time in these homes, not just weekends.”
Bradley says she’s currently offering several “magnif-
icent” properties with acreage. “Tax benefits are excel-
lent here, with no capital gains or income tax,” she says.
What’s more, this is a four-season area, with mountains
for skiing and ponds for hockey, fall foliage and cultural
activities in spring and summer. “It’s a wonderful place
to retire.”RENTALS SPUR VACATION BUSINESS
Many northern New England homeowners are using
their homes as bed and breakfasts in collaboration with
vacation rental companies and putting the income to-
wards their property taxes. Homes with detached guest
houses have gained popularity, according to Heather
Peterson, president and co-owner of The Petersons in
Peterborough, New Hampshire.
“We have lots of mountains to climb, lakes and rivers
to canoe and kayak, concerts of all kinds, church fairs,
farmers markets and town parades — country living with
few hotels and motels,” she says.
Peterson is currently offering a house built in 1900
known as High Mowing, where, in a field, novelist
Willa Cather famously wrote, and Long Meadow Farm,
a 1950s farmhouse. Both properties offer guest spac-
es. A contemporary house in Peterborough also offers
a guest house. “You get a lot of house for your money
here,” she says.
Vail Resorts’ purchase of the Mount Sunapee ski resort
has created new interest in this part of New England, says
owner/broker Pam Perkins of Four Seasons Sotheby’s
International Realty. An express luxury bus from New
London, New Hampshire, to midtown Manhattan has
been a game-changer.
“Buyers find the people here are kind, well-traveled,
educated and interesting,” she says. “The influence of
Dartmouth College helps. The Dartmouth Hitchcock
Medical Center has 1,000 job openings in its network
currently, and it continues to expand and innovate.”
“We’re observing that people have money but don’t
seem to have time,” she adds. “They’re more interested
in turnkey options than a redevelopment project. That’s
a shift in our market.”
Joseph Dobrian is a freelance writer specializing in real
estate matters.New England Properties
Generous outdoor space is one of the most compelling features of 67 Lambert Point Road in Yarmouth, Maine.Surprising Activity,
Value in the Rocky North
NY/NE