Sandy Point Beach Resort end of an era

Rinkerguy · 10-07-2025, 04:54 PM

Property was under agreement for originally $10.5MM, septic estimate ballooned to over $1.5MM. Which in its self is amazing as no other prospective buyer ever got that far. New buyers posted intention to re-open restaurant and recently listed their Laconia inn & cottage for sale $2.5MM. Certainly reinforced the deep pocket. Hoewever the sale of Sandy Point did not close on 10/7 as planned, now scheduled for later this week.
Not done til it’s done

Best long term guess is the new owners renovate, rejuvenate and revitalize the property and flip it in 5-10 years selling it as lakeside condos and double their investment.

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10-07-2025, 04:54 PM	#9
Rinkerguy Senior Member Join Date: Oct 2006 Posts: 128 Thanks: 0 Thanked 35 Times in 25 Posts	Property was under agreement for originally $10.5MM, septic estimate ballooned to over $1.5MM. Which in its self is amazing as no other prospective buyer ever got that far. New buyers posted intention to re-open restaurant and recently listed their Laconia inn & cottage for sale $2.5MM. Certainly reinforced the deep pocket. Hoewever the sale of Sandy Point did not close on 10/7 as planned, now scheduled for later this week. Not done til it’s done Best long term guess is the new owners renovate, rejuvenate and revitalize the property and flip it in 5-10 years selling it as lakeside condos and double their investment.