Why Investing in North Shore Waterfront Property Is a Good Move

 

Wimbeldon is a private 8,000 square foot residence set on Manchester Harbor with a two unit, waterfront, carriage house that currently generates $48,000 annually of rental income. This unique property commands sweeping lawns, gardens, and mature trees all set on over 3.3 acres. The property also comes with a tidal dock very close to the outer harbor.

Wimbledon is minutes away from the town dock, beach and commuter rail to Boston. Manchester boasts a new $49,000,000 regional middle and high school. The average residential single family sale price is $1,175,000 in the last 5 years. The average asking price for current properties on the market is $1,658,042.

This is an opportunity to own one of the few available waterfront estates in Manchester by the Sea.

Click here for other properties on the North Shore.

For more information on North Shores real estate market, contact Lanse Robb (lrobb@landvest.com)