I trailer our boat to both lakes, so I don't know much about the real estate, except we did look around Newfound, and you can find some affordable places, though maybe not on the water. I also noted on Newfound, there are very few docks, most have moorings, not sure if they are restricted on the lake. Not much open for real estate around winnisquam, at least not right on the water that's affordable, but there are some building lots on the market recently.
The water is much cleaner on Newfound than on Winnisquam. also seems to be less boat traffic, but just as much MP on both lakes. But no speed limits either.
Only one place to tied up for meals on Newfound, and there you mostly have to beach the boat, no dock space. winnisquam only has two places to tie up to to eat, one is only a pizza/sub place, the other is the lobster pound right next to it, both are at the bridge.
As for scenery, it's handsdown Newfound Lake, is much better and less partying on the sandbar there, which is huge, so your not on top of anyone if you don't want to be. Not the same on winnisquam, were they have even had fist fights break out on the sandbar near the bridge. The usual, too much sun, too much booze, and someone looks at someone else's Girlfriend............
hope this helps, good luck.
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