LSP is a great spot for familes, especially with young kids.
Some of the basics about the way LSP works.
LSP was orginally owned by a series of families, the last was the Spanos family. (I think) They were going to sell the property to one of two companies that wanted the property for Condo development.
A group of the renters that had been at LSP for many years proposed to buy the park rather than see it sold and everyone being thrown out to make way for Condo Developement.
The Family agreed to a sale to the group for somthing around $2M.
More info here..
http://www.lakeshorepark.org/
There are 310 "owners" in LSP. each owner has a VMC (Voting Member Certificate) that makes them 1/310th owner of LSP.
Members own their building, but not the land it sits on.
Each VMC holder pays annual dues (currently around $1,800)
Members pay real estate tax to the Town of Gilford, but just on the accessed value of the building. The land and "common building" are taxed by the town, but the LSP Association pays that bill out of the $1,000 annual dues paid by the VMC Holders.
When an owner sells, he/she can sell the cottage/building for what ever they can get for it. The new owner then MUST buy the selling owners VMC, but only for face value. (that's how LSP stays a Not for Profit Social Club.)
When you check out the website, contact me, I'd be glad to "show you around LSP" ,
Just send me a Private Message here on Winni.com and I'll get back to you to answer any other questions you have.
SteveA