www.theunionleader.com/article.aspx?headline=Malaise+in -
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Published on: 1/17/2009
Last Visited: 1/17/2009
Marc Bourgeois, owner of MB Tractor in Tilton, said the property belongs to his father, who wants to downsize.
Bourgeois said his father understands that he does not have the only house for sale on Winnipesaukee.
"He's in no hurry.
If it sells in two, three years, fine."
Bourgeois himself has a larger property on the island that is his residence.
He said he pays $76,000 a year in taxes.
Bourgeois said that when he bought his home on Governor's Island, there was only an 8,000-square-foot house on the property.
He estimates his house is about 20,000 square feet now.
But with recently enacted shoreland protections, it is hard for property owners to do as much with raw land, he said.
The market for Winnipesaukee has changed dramatically in 20 years, he said.
Now it is an international market.
"If they want a home on Winnipesaukee in pristine New Hampshire, in the $10 (million) to 20 million range, the guy is from England or somewhere, and he's got a couple of other homes," he said.