FAQ – Meredith Bay – Lakes Region NH Real Estate

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GENERAL QUESTIONS

What is the overall plan for the Meredith Bay community?

Our plan is to create a warm and welcoming community within the natural beauty and splendor of Lake Winnipesaukee and the surrounding area—a community where the focus is on providing a wonderful quality of life and providing great value for every resident.

Meredith Bay is comprised of roughly 430 acres of land. Over the next 10 to 15 years we plan to continue to expand our real estate offerings with more single and multi-family opportunities, as well as to expand and diversify the amenities offered.  Although plans aren’t finalized until a specific parcel is developed, we currently envision building out a small retail village on Route 3, a boutique hotel, state-of-the-art fitness center, clubhouse, indoor pool, and many other amenities for our homeowners’ enjoyment.

What are your amenities?

The current list of amenities at Meredith Bay includes the swimming pool and pavilion; tennis courts; pickleball courts; fitness center; lakefront picnic area with swim platform and horseshoes and bocce courts; maple sugaring hut called The Sugar Shack; rustic cabin overlooking the lake offering classic books and games nicknamed The Love Shack; community gardens; and an expansive walking trail network featuring exercise stations, skating pond with warming hut for winter skating.  Access to a nearby marina and beach club is also available to all Meredith Bay residents.  As additional neighborhoods are developed, we plan to continue to add more fun and unique amenities.

 

Does every property include a boat slip? What does a slip cost?

60 of the 76 slips at the nearby Akwa Marina are allocated to Meredith Bay property owners as determined by the Developer. These slips are leased to property owners on an annually renewable guaranteed lease. The lease cost varies based on the size of the slip/boat.

As an alternative to the traditional arrangement of owning a boat, residents at Meredith Bay also have the option of joining the American Boat Club at Akwa Marina Yacht Club, which provides a variety of new, modern boats for use by its members for an annual fee.

 

What major cities with airports are nearby?

Manchester-Boston Regional Airport is located 45 minutes from the development. Boston Logan Airport is about an hour and a half away.

How long will it take for the Meredith Bay community to be fully developed?

At this point in time, it is estimated to be a 10 – 15 year build-out.

How many total units will there be when the community is complete?

Current zoning would allow a final density of 650 – 750 total units.

Are there reciprocal benefits with other Southworth Communities?

Meredith Bay residents enjoy special privileges and discounts at Southworth Development’s other clubs and resorts, including The Abaco Club in The Bahamas, Machrihanish Dunes in Scotland, Willowbend on Cape Cod, Renaissance on the North Shore, and Creighton Farms in Northern Virginia. Benefits include access to the clubs’ private facilities and golf course, as well as reduced accommodation and golf rates.  Arrangements can be made through the Meredith Bay Sales Center staff.

When did the development begin at Meredith Bay?

The development was started in 2004, at which time it was called Akwa Soleil.

Are pets allowed?

Each Homeowners Association within Meredith Bay has Rules & Regulations, including the number of domestic pets allowed. All pet owners are expected to also follow local pet ordinances & leash laws.

Custom Homes & Sites

What are the Homeowners’ Association (HOA) dues and what do they cover?

The HOA dues are currently $265 per month, which covers: care and maintenance of all common areas, including snow removal on the roads; common area landscaping; trash and recycle station, maintenance and management of Meredith Bay amenities; and your membership in the Akwa Marina & Beach Club. The Gate House is staffed year-round, which is also included in the HOA fee.

 

How often do the Homeowners’ Association dues increase?

The HOA fees are subject to change annually. Increases to date have been very modest and have only increased by $95 since 2008. The Akwa Marina Yacht & Beach Club fee, which is included in the HOA dues, is adjusted every five (5) years based on the Consumer Price Index.

 

Are there guidelines in place that dictate the look of the homes and landscaping?

Yes, there are guidelines that govern any improvements to the home site, as well as the architectural features, size, style, colors, etc. of a property. These guidelines exist to create a visually cohesive community and to ensure that the homes blend with the natural beauty of Meredith Bay. The Architectural Review Guidelines also extend to any future modifications that a homeowner may want to make. All changes are reviewed by the Architectural Review Committee once an application is submitted.

What is the average size of lots?

The average size of a single-family home lot is approximately 17,000 square feet (roughly 1/3-1/2 of an acre). However, lots vary from 10,000 square feet (1/4 of an acre) to 42,000 square feet (nearly one acre).

Am I required to use a specific builder and house plans?

Buyers are welcome to bring in their own builder and plans provided they are approved by the Architectural Review Committee. The builder for the custom homes designed exclusively for Meredith Bay is Southworth Homes of New Hampshire, LLC.

What are the utilities?

All utilities are underground, including electric, telephone, and cable. Water is provided by the City of Laconia. The sewage system that is located throughout the Akwa Vista neighborhood is owned by the community’s homeowners association and joins the city’s lines on Scenic Road.

What are the demographics of the community? How many residents are full-time?

Currently, approximately 40% of our homeowners are full-time. The balance is active weekend and vacation users. Our mix of residents ranges from young professionals to families to retirees.

How many lots are located in the single-family home phase? How many are owned?

There are 129 single-family home sites located in the Akwa Vista neighborhood. Approximately 30% have been sold to date.

Townhomes

What are the differences between The Townhomes and the Spindle View Townhomes?

The main difference between these two townhome associations is their location. The Townhomes at Meredith Bay are located beside Lake Winnipesaukee, while the Spindle View Townhomes enjoy elevated views from across the street. Unit sizes and features also vary, but the units are of similar high quality and value.

 

What are the Condominium Association dues for The Townhomes and the Spindle View Townhomes? What do the dues cover?

The monthly dues for The Townhomes are currently $545.00 per month. For the Spindle View Townhomes, the dues are $465.00 per month. Items covered by the dues include the amenity package, interior and exterior insurance (exclusive of personal property), all common area maintenance, landscaping, snow plowing of the access road and parking lot, trash removal, and insurance for the Association.

 

How often do the Condominium Association dues increase?

Condominium Association dues are subject to change annually. The Akwa Marina Yacht & Beach Club fee, which is included in the HOA dues, is adjusted every five (5) years based on the Consumer Price Index.

 

How are the utilities handled at The Townhomes and the Spindle View Townhomes?

All utilities are metered separately. Providers invoice homeowners directly, with the exception of sewage and water, which, although separately metered, are invoiced by the Association.

Is there direct access from The Townhomes and the Spindle View Townhomes to the Lake?

There is no direct water access from The Townhomes and the Spindle View Townhomes to the shore. Lake access is provided at the community’s private picnic area, a short walk from The Townhomes and Spindle View Townhomes. In addition, all Meredith Bay residents also enjoy lake access through membership at the Akwa Marina & Beach Club, which is a short distance away.

What are the demographics of The Townhomes and the Spindle View Townhomes? How many residents are full-time?

Currently, about one-third of our townhome owners are full-time. The balance is active weekend and vacation users. Our mix of residents ranges from young families to retirees.

Lodge Condominiums

What are the Association dues for the Bluegill Lodge Condominiums?

Dues are $525.00 per month, which includes exterior maintenance, landscaping, housekeeping of common areas, operation of the three elevators and heated parking garage, and insurance for the Association (exclusive of personal property), as well as the cost of the amenity package.

 

What is the average living square footage per unit?

The average square footage of the units is approximately 1,800 square feet.

How many bedrooms are in each unit?

The Lodge Condominiums are offered in 2- and 3-bedroom configurations.

Are the parking spaces designated and how are they allotted to each unit?

Each unit is assigned one space in the building. Additional outdoor spaces are available but not assigned.

 

How does the elevator operate?

There are 3 elevators in the building. Each elevator serves eight units from the first floor up to the fourth floor. A sophisticated access control system and camera-enabled intercom system is in place to ensure privacy and security and can be accessed by an individual security code.

How many units are there in Bluegill Lodge?

Bluegill Lodge has 24 units. One unit is currently utilized as a fitness center, although that may change at some point in the future.

 

Are there storage areas provided?

Each Bluegill Lodge Condominium unit is provided with a designated storage area located in the heated garage of the building.

 

Are the materials on the exterior of the building maintenance-free?

The majority of the exterior is comprised of low-maintenance materials, such as stone, composite trim, and vinyl siding—but there is also some natural wood and other areas that will require a limited amount of maintenance.

 

Features & Benefits

  • 9’ high poured concrete foundation walls with steel reinforcement.
  • Foundation coated with House Guard with a 10-year waterproof warranty.
  • 2”x6” exterior wall framing; ¾” Advantech™ sub-floor and fir plywood roof sheathing.
  • CertainTeed™ 30-year architectural style roof shingles.
  • Red cedar shake siding over Tyvek™ house wrap with Cultured Stone™ accents.
  • Energy Star® rated low-maintenance vinyl. EcoBuilt™ garage doors with keyless entry.
  • Therma Tru™ Energy Star® certified exterior doors with oil-rubbed bronze finish hardware by Schlage™.
  • Masonite® solid core interior doors with Schlage™ hardware in oil-rubbed bronze finish.
  • Energy Star® rated forced hot air furnaces with central air conditioning.
  • Underground 500-gallon propane tank. Minimum of one zone per floor with programmable thermostats.
  • NFPA® residential fire sprinkler system. Kohler® decorative plumbing fixtures.
  • 200 amp electrical service.
  • Pre-wired for security.
  • Glazed maple cabinetry with granite counter tops. Kichler™ decorative lighting package in oil-rubbed bronze.
  • Heat & Glo™ high efficiency fireplaces with Cultured Stone™ surrounds and rough hewn beam mantles.
  • Ceramic tile flooring in all baths, selection of plush and Berber carpeting in bedrooms and random length red oak flooring in living areas.
  • GE® appliance package in stainless steel finish.

The plans, specifications and availability of styles are subject to change, error and omission. All dimensions and area calculations are approximate and subject to change.

Additional Features

  • Backyard Living Areas with Outdoor Kitchen, Fireplace & Spa
  • Screened Porches & 4-Season Sunrooms
  • Custom Finished Bonus Spaces
  • Wine Cellars
  • Screening Rooms
  • Fitness Studios & Steam Rooms
  • Home Automation & Generator Systems

Features & Benefits

  • 9’ high poured concrete foundation walls with steel reinforcement.
  • Foundation coated with House Guard with a 10-year waterproof warranty.
  • 2”x6” exterior wall framing; ¾” Advantech™ sub-floor and fir plywood roof sheathing.
  • CertainTeed™ 30-year architectural style roof shingles.
  • Red cedar shake siding over Tyvek™ house wrap with Cultured Stone™ accents.
  • Energy Star® rated low-maintenance vinyl. EcoBuilt™ garage doors with keyless entry.
  • Therma Tru™ Energy Star® certified exterior doors with oil-rubbed bronze finish hardware by Schlage™.
  • Masonite® solid core interior doors with Schlage™ hardware in oil-rubbed bronze finish.
  • Energy Star® rated forced hot air furnaces with central air conditioning.
  • Underground 500-gallon propane tank. Minimum of one zone per floor with programmable thermostats.
  • NFPA® residential fire sprinkler system. Kohler® decorative plumbing fixtures.
  • 200 amp electrical service.
  • Pre-wired for security.
  • Glazed maple cabinetry with granite counter tops. Kichler™ decorative lighting package in oil-rubbed bronze.
  • Heat & Glo™ high efficiency fireplaces with Cultured Stone™ surrounds and rough hewn beam mantles.
  • Ceramic tile flooring in all baths, selection of plush and Berber carpeting in bedrooms and random length red oak flooring in living areas.
  • GE® appliance package in stainless steel finish.

The plans, specifications and availability of styles are subject to change, error and omission. All dimensions and area calculations are approximate and subject to change.

Additional Features

  • Backyard Living Areas with Outdoor Kitchen, Fireplace & Spa
  • Screened Porches & 4-Season Sunrooms
  • Custom Finished Bonus Spaces
  • Wine Cellars
  • Screening Rooms
  • Fitness Studios & Steam Rooms
  • Home Automation & Generator Systems

Features & Benefits

  • 9’ high poured concrete foundation walls with steel reinforcement.
  • Foundation coated with House Guard with a 10-year waterproof warranty.
  • 2”x6” exterior wall framing; ¾” Advantech™ sub-floor and fir plywood roof sheathing.
  • CertainTeed™ 30-year architectural style roof shingles.
  • Red cedar shake siding over Tyvek™ house wrap with Cultured Stone™ accents.
  • Energy Star® rated low-maintenance vinyl. EcoBuilt™ garage doors with keyless entry.
  • Therma Tru™ Energy Star® certified exterior doors with oil-rubbed bronze finish hardware by Schlage™.
  • Masonite® solid core interior doors with Schlage™ hardware in oil-rubbed bronze finish.
  • Energy Star® rated forced hot air furnaces with central air conditioning.
  • Underground 500-gallon propane tank. Minimum of one zone per floor with programmable thermostats.
  • NFPA® residential fire sprinkler system. Kohler® decorative plumbing fixtures.
  • 200 amp electrical service.
  • Pre-wired for security.
  • Glazed maple cabinetry with granite counter tops. Kichler™ decorative lighting package in oil-rubbed bronze.
  • Heat & Glo™ high efficiency fireplaces with Cultured Stone™ surrounds and rough hewn beam mantles.
  • Ceramic tile flooring in all baths, selection of plush and Berber carpeting in bedrooms and random length red oak flooring in living areas.
  • GE® appliance package in stainless steel finish.

The plans, specifications and availability of styles are subject to change, error and omission. All dimensions and area calculations are approximate and subject to change.

Additional Features

  • Backyard Living Areas with Outdoor Kitchen, Fireplace & Spa
  • Screened Porches & 4-Season Sunrooms
  • Custom Finished Bonus Spaces
  • Wine Cellars
  • Screening Rooms
  • Fitness Studios & Steam Rooms
  • Home Automation & Generator Systems