Loon Mountain NH great property investment & vacation home option

By
Managing Real Estate Broker with Alpine Lakes Real Estate Inc., NHRE# 02863

Loon Mountain NH real estate investment deal of the year.

 

Many customers come to me with unrealistic expectations…they go something like I want to buy a vacation home that I can enjoy whenever I want “BUT”..I need it to pay for itself as well.

 

This type of request is often met with “if you are using it how can the rentals support the cost of ownership”?

 

The only solution is…the price has to be low and the income has to be high, I have just the place for this buyer. But- it is a one time deal.

 Jack O Lantern Golf NH

The Jack O’Lantern condominiums are 6 miles from unit to the Loon mountain ski resort exit…and they are the only resort in the area with an 18 hole golf course on site. One added bonus!... the condo also features a separate lock off hotel room as part of the property.

 Golf NH condo

The Unit features 3 bedrooms (when the suite/lock off is open) plus a loft…for sleeping 8 comfortably. The condo has gas heat, central A/C a screened in porch, Cable TV, Wi-Fi, Indoor and Outdoor Pools, club house tennis and playground area. The Adjacent Golf course offers a pro-shop, lounge, restaurant, and access to river frontage on the Pemigewasset.

 Jack O' Lantern outdoor pool

Income options: if you are not a skier…a fixed winter lease of net $6,000 is easily attainable and golf season rentals can average another $6,000 net. Or if you wish to use the vacation property and assign rental availability through the on-site program…a net of $10,000/ year is historically an easy target.

 Jack O' Lantern golf NH indoor pool

1,650 square feet Duplex style condo with golf and skiing asking $129,900

 

 There is a No Pet Policy at the resort... which applies to owners & tenants

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                                                                                                                                                                              Your-White Mountain New Hampshire real Estate Expert

                    steve@alpinelakes.com toll free 800-926-5653 /cell 603-381-7898

                        MLS search and Realtor web site: www.alpinelakes.com

                         My outside Blog: www.steveswhitemountainblog.com

                    Lincoln NH &  Local interest site: www.localism.com/nh/lincoln

    Grafton County NH MLS search

Comments (8)

Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

This is a fantastic property. Thank you for sharing and best of luck!

Mar 08, 2015 01:43 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Looks like a great listing and Sunday is a wonderful day for buyers to call! Good luck and I hope lots of great buyers express interest! 

Mar 08, 2015 01:56 AM
Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

Great vacation home and investment propert all in one.

Mar 08, 2015 01:58 AM
Kelly Cummings and Ryan Cummings
The Cummings Company - Mobile, AL
Your Real Estate Consultants For Life!!!

Congratulations on getting this great new listing. Hope you find a buyer for it soon.

Mar 08, 2015 05:08 AM
Debbie Walsh
Shahar Management - Middletown, NY
Hudson Valley NY Real Estate 845.283-3036

Enjoy whenever they want but make money too - LOL  There is alot of that around the country!  This looks like a great investment!

Mar 09, 2015 05:13 AM
Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

Debbie...that is a dream situation for many second home owners, and having the premier recreational resources near by is a huge bonus.

Mar 11, 2015 11:22 PM
S. Leanne Paynter ☼ Broward County, FL
United Realty Group, Inc. - Davie, FL
Davie, Plantation, Cooper City & Weston Specialist

Steve, this looks like a great place and the price seems reasonable.  We visited Mt. Washington and the "Castle in the Clouds" a couple of summers ago and that whole area of NH looked like a great place to live or have a vacation home.  I hope you find a buyer for this property.

Mar 27, 2015 02:03 AM
Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

Thanks Leanne... My folks have a place in New Smyrna Florida...I wish I had more time to visit, but as you know real estate is  an all consuming business.

Mar 27, 2015 11:44 PM