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NEWFOUND LAKE FAMILY COMPOUND: Owned by the same family for three generations, this unique offering includes a year round home with seasonal cottage and 120 feet of privately owned frontage on the shores of Newfound Lake; across the street is a garage with 1 bedroom year round apartment above, next to that, another seasonal cottage and adjacent to that, another lot with two cottages in need of removal but they have been left to preserve the "grandfathered status" of the footprints. All this on 3 separate lots comprising . 60+/- acres all together. The view from the main house looks out over the broadest part of the lake. There is significant waterfront development including a concrete pier in the lake that could not be done by today's standards. The lot across the street provides a place for a future septic system. This property is owned as a corporation; if a buyer was interested in continuing that ownership model the seller would transfer all the shares of the corporation. It is a model that could allow for separate ownership of the buildings: sell "Shares of the corporation" . This property offers limitless possibilities and a place for your family to make memories at the lake! Property is being sold in as-is condition. The seller shall not be requested or required to make repairs as a condition of sale. Represented square footage, room count & bath count is for only main house & apt which are both year round. It does not include square footage or room & bath counts in the 2 seasonal cottages.
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/24/2026Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,595,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,276,000 | $1,276,000 | $1,276,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,759 | $1,759 | $1,759 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,145 | $7,753 | $10,682 |
| Total Monthly Payment | $9,029 | $9,637 | $12,566 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.