Great Investment Opportunities

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Part I of III
Waterfront Investment Opportunities

In this series LandVest recognizes the top New England and Adirondack properties offering great value and priced to sell. To qualify for the select list, property attributes must include at least two of the following: Priced below assessed value, priced well below what the owner has invested in the property, Priced below comparables, has had a significant price reduction, are “grandfathered” in some way and can’t be rebuilt today for the offered price.

1Weld Pond Estate

Precinct 1, Dedham, MA
$6,500,000

Why we love the Weld Pond Estate:

  • Stunning 14-acre site, with water views from the estate’s formal rooms and formal gardens
  • Fitness and fun. Pool and pond-side beach with granite dock for swimming, fishing, boating, paddle boarding, a billiard room, gym, boche & tennis courts.
  • The carriage house is a domain of its own with three offices, a conference room, a guest suite, a caterer’s kitchen, and reception lounge
  • Thoroughly restored and updated grounds, structures, and systems
  • All of this in the heart of Dedham’s Precinct One, with convenient commute to Boston and Logan Airport and top-notch schools.

Why it made the list:

The owners invested significantly more than the offer price to make this 12,111-square foot, grand 14-acre estate, a wonderful home for his family to live and entertain in, and an equally great place for getting work done. A perfect deal for balancing work and life.

Contact:

Jay Boyle | jboyle@landvest.com
Or visit our website for more about Weld Pond Estate
http://www.landvest.com/property/134154273/254-Westfield-Street-Dedham-MA-02026
 


1South Cove

Lake Champlain, Burlington, VT
$1,095,000

Why we love South Cove:

  • Private Lake Champlain waterfront location
  • Located in a desirable Burlington neighborhood and close to everything
  • The excellent views of the Adirondacks over Lake Champlain
  • The level access to the lake
  • How much potential this property has!

Why it made the list:

A waterfront property, in a great area, close to everything, priced below appraised value. Enjoy all that Burlington has to offer and then relax by water’s edge – you get it, what a deal.

Contact:

Averill Cook | acook@landvest.com or Wade Weathers Jr.| wweathers@landvest.com or
Visit our website for more about South Cove:
http://www.landvest.com/property/132347943/147-South-Cove-Road-Burlington-VT-05401
 


1Hope Island

Casco Bay, ME
$7,950,000

Why we love Hope Island:

  • One of Maine’s most extraordinary estates, an 86-acre island with 11,000 feet of rocky shorefront, sand beaches and sweeping elevated views of the Atlantic Ocean.
  • The main residence with numerous guest and staff dwellings provides comfortable year-round accommodations.
  • Substantial boathouse and deep-water pier allows convenient access to this region’s excellent water and boating activities.
  • Numerous barns with paddocks and storage
  • Just a skip over to Portland’s great restaurants, shops and rich cultural amenities.

Why it made the list:

An entire 86-acre island kingdom where the current owner has invested well over $15,000,000 into the infrastructure and amenities, at the offered price of $7,950,000, is a true steal!

Contact:

John Saint-Amour | jsaint-amour@landvest.com
Visit our website for more about Hope Island:
http://www.landvest.com/property/130374603/Hope-Island-Chebeague-Island-ME-04017

 


1Windsong

Brooklin, ME
$1,995,000

Why we love Windsong:

  • Breathtaking ocean and island views from most rooms
  • Large porches span the ocean-facing side of the shingle-style home, perfect for enjoying a morning cup of coffee while watching the boating activity
  • 4 bedrooms and a large artist’s studio
  • 350’± shorefront on Naskeag Harbor and a deep-water mooring
  • Blue Hill Peninsula is nearby with excellent restaurants, shops, musical and theatrical groups, and multiple recreational opportunities

Why it made the list:

After several reductions, this well maintained, year-round home is now priced at an incredible value, it is also unusual to have private waterfront at this price in Brooklin Maine.

Contact:

Story Litchfield | slitchfield@landvest.com
Visit our website for more about Windsong:
http://www.landvest.com/property/13848298/40-Kelley-Point-Road-Brooklin-ME-04616
 


1Sherman’s Point

Camden, ME
$2,475,000

Why we love Sherman’s Point:

  • The sunrises over the islands of Penobscot Bay
  • Listening to the waves crash against the bold granite ledges perched above the water’s edge
  • The great room with field stone and soaring ceiling
  • Peaceful walks throughout the Sherman’s Point neighborhood
  • Nearby Blue Hill Peninsula has excellent restaurants, shops, musical and theatrical groups

Why it made the list:

This exemplary property offers a state of the art 4-bedroom residence in a premium location overlooking Penobscot Bay. Completely rebuilt in 2007 on a grandfathered footprint, the residence offers design and craftsmanship of the highest quality. The property was originally listed at $3,275,000 and is now being offered at $2,475,000. The property is located in the quiet Sherman’s Point neighborhood, yet is very close to town.

Contact:

Terry Sortwell | tsortwell@landvest.com
Visit our website for more about Sherman’s Point:
http://www.landvest.com/property/41559014/100-Sherman’s-Point-Road-Camden-ME-04843
 


1Bircholm on Upper Saranac Lake

Deer Island, Santa Clara, NY
$2,950,000

Why we love Bircholm:

  • Upper Saranac, island setting of a classic and historic Adirondack Great Camp
  • The shingled buildings, nestled among towering white pine trees, connected by paths and covered walkways, are perfect for assembling friends, family, or a rustic company outing
  • The main classic boathouse with a billiard room and fireplace above the slips.
  • Easily accessible from a mainland boathouse that is shared with just one other family.
  • The walking trail around the perimeter is natures best treadmill

Why it made the list:

With 13,641 square feet of living space, over 50 acres to roam and an original list of $3,900,000 this property is priced to sell at $2,950,000.
Contact:

Vincent McClelland | vmcclelland@landvest.com Visit our website for more about Bircholm:

http://www.landvest.com/property/40494912/864-Hawkridge-Road-Tupper-Lake-NY-12986


To view more waterfront deals and steals  visit our website.
Click to view the entire list of deals and steals.

Next up: Deals and Steals – Country Homes, Farms and Land


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