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Private Properties – Perspectives on Luxury Real Estate – South Coastal Maine
By LandVest
 

Landvest This blog post is brought to you by Ruth Kennedy Sudduth, who directs LandVest’s Residential Brokerage Division and serves buyers and sellers of distinctive properties throughout New England.

One of the great pleasures of directing the LandVest Residential Real Estate Group is seeing the truly remarkable properties we have for sale, and understanding their appeal through the eyes of our team of experts in each regional market. LandVest has offices and experts in the markets where the most special properties exist. The best real estate tends to be in locations where beauty and sense of place have been recognized for generations, making for truly remarkable combinations of site and houses. This series of blog entries explores some of these special places and some of the remarkable private properties hidden within them.

Southern Coastal Maine
I met John Saint-Amour just off I-95, a short drive from our downtown Boston headquarters at the Stonewall Kitchen cafe and shop in York, Maine. Fortified with specialty teas and pastries with Stonewall’s fantastic preserves, we slipped off the main routes and onto the quiet backroads of York Harbor. The scale is intimate, with antique homes dating back to the eighteenth century along the quiet river as it eases out to the open ocean and beaches. One such gem is Seabury Farm, a classic shingled nineteenth century home with wide porches overlooking rolling lawns down to the river.

Classic Seabury Farm in York Harbor, Maine.

The property has a great dock with enough floats to launch a rowing regatta, or for your class reunion to sunbathe. The house is beautifully restored and retains a relaxed, understated feel, with high ceilings and great views out over the water. The gardens combine a vernacular formality with beautiful selection of stone, gravel and structure so that they are elegant, even in the winter. The property also has a wonderful workshop with massive granite sills.

Seabury Farm's easily accessible dock on the river.

The house is beautifully crafted inside and out, with lovely views of the water.

This is one of those great places with a wide porch, rolling lawn, when you hear the gravel crunching under the tires you instantly relax. This wonderful waterfront property in York Harbor is now offered for $3.495 million, reduced in the last few days by over $1 million from the previous asking price of $4.5 million.

To view additional Maine Real Estate for Sale, click here.

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Mike Hart of LandVest’s Real Estate Consulting Group explores the Appraiser/Forester Relationship
By LandVest
 

Mike Hart, a senior appraiser in LandVest’s Real Estate Consulting Group (RECG) recently contributed an article to the 2011edition of The Consultant (the annual journal of The Association of Consulting Foresters) which examines the importance of the relationship between real estate appraisers and foresters in the appraisal of timberland.

Mike Hart, Senior Appraisor, LandVest

His argument is that a timberland appraisal is most credible and most reliable when both professionals work together in partnership and that real estate appraisers should not try to take on timberland appraisals alone unless they fully understand both the value of the specific composition of timber found on the property and, more importantly, how that timber value contributes to the underlying value of the land. 

A forester is best qualified to opine on the value of timber, but may not be qualified to opine on the value of the timber as it contributes to the real property as a whole (i.e., land and timber combined), which may not be the same thing as the value of the timber.  An experienced appraiser knows how to analyze real property transactions to derive an opinion of the value of the entire bundle of rights included in a parcel of real property but is typically not qualified to value standing timber.

Hart discusses these issues in the context of the rules of evidence for expert real estate witnesses, the ethics and standards of practice for both appraisers and foresters, and the accepted principles of highest and best use analysis.  He notes that the highest and best use for timber is not necessarily the same as the highest and best use of the timberland of which the timber is a component.  One must consider the underlying land use that supports the highest total property value, as well as the extent to which that land use will accommodate complete or partial removal of the timber.  This analysis can become quite complex for properties with high amenity value and/or where development pressure is driving up the value of the underlying land.  In order to properly undertake this analysis the forester and the appraiser must work together as a team “in which both members have equally important roles.”
Click to read the full Consultant Magazine article
Click to learn more about Mike Hart
Contact Mike Hart via email at mhart@landvest.com

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Private Properties – Perspectives on Luxury Real Estate
By LandVest
 

Landvest This blog post is brought to you by Ruth Kennedy Sudduth, who directs LandVest’s Residential Brokerage Division and serves buyers and sellers of distinctive properties throughout New England.

One of the great pleasures of directing the Residential Real Estate Group at LandVest is seeing the truly remarkable properties we have for sale, and understanding their appeal through the eyes of our team of experts in each regional market. LandVest has offices and experts in the markets where the most special properties exist. The best real estate tends to be in locations where beauty and sense of place have been recognized for generations, making for a truly remarkable combination of site and houses. This series of blog entries explores some of these special places and some of the remarkable private properties hidden within them.

Bill Davisson – Greater Portland’s Western Promenade, Hidden Court, Hubbards Rocks, Prout’s Neck, Southern Maine and beyond:

Maine luxury real estate extends far beyond classic gray shingled houses on the water, I came to learn as Bill Davisson tutored me on the Greater Portland, Southern and Coastal Maine real estate market. After years in specialty retail and branded marketing, both in the United States and abroad, Bill knows style. Portland is happening, the result of great restaurants and a vibrant arts scene, anchored by the Portland Museum of Art and a creative international business community. We had lunch with the Maine team at an Italian place called David’s, where the salads were fresh and imaginative, and the fried calamari was gone before you had a chance to grab a second bite. Bill noted that the restaurant scene has exploded in Portland, aided by the strong array of fresh, local sources of food. Back Bay Grill, Bar Lola, Emilitsa, Five Fifty-Five, Fore Street, Hugo’s and Vignola are but a few award-winning eateries of merit. Time at table, combined with the many interesting boutiques, makes for a lively urban scene on a decidedly human scale. Taking advantage of the original incarnation of New Urbanism are the folks living high on the bluff. The clever industrialists of the nineteenth century built their mansions in the Western Promenade neighborhood to enjoy the cool breezes and compelling views of the White Mountains’ Presidential Range on the New Hampshire horizon and the Fore River. The historic houses, walking distance to Portland’s Old Port, are big, brick and dignified, and neighboring houses defining Shingle Style Maine vernacular, many with lovely pocket gardens.

Bill then drove me out of Portland along the inner harbor to Portland Head Light and through a collection of lively waterfront communities. Homes in Cape Elizabeth, South Portland, Scarborough and Prouts Neck range from early antiques to big nineteenth century piles, filled in with twentieth century homes as the neighborhoods shifted from summer communities to primary homes for Portland area residents. Some of the great summer places remain, almost frozen in time, such as Hidden Court, one of the last big estates in Cape Elizabeth. Set at the end of a long driveway, Hidden Court has the feel of a place much older than the late nineteenth century, much as the Lutyens and similar houses in England evoke medieval construction with massive stone, intimate courtyards, archways and leaded windows. This private residence was inspired by Ightham Mote, a National Historic Trust protected country manor of fourteenth century England. Hidden Court is positioned at the entry to Portland Harbor on land granted by King George, circa 1752. The property is mysterious by design, hiding the views of the ocean to make for only little glimpses through windows. Courtyards yield to doorways to hallways, with the full scale of the magnificent views only revealing themselves in stages.

Ten minutes distant, beautiful Prouts Neck is home to generations of returning summer families, and the storied artist Winslow Homer (1836-1910). Indeed, Prouts Neck presents a host of Shingle Style “Grey Ladies,” private residential properties guarding the rocky coast, featured in many Homer paintings. Immediately above Prouts Neck lies Hubbards Rocks, secure on a conserved 36.5± acres and 1,800 feet of Atlantic Ocean frontage, complete with beach and woodlands.

To the south and west, the coastal communities of Biddeford Pool, Ogunquit, Cape Neddick, the Kennebunks and York evoke dreams of life along the rocky coastline of Maine. North and east of Portland, Falmouth, Cumberland, Yarmouth, Freeport, Harpswell, Damariscotta, Southport and the Boothbay region find miles of discovery on the waterfront and beyond.

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LandVest, Conservation Leaders Promote Landscape Scale Conservation
By LandVest
 

Keith Ross, Senior Advisor at LandVest, was invited to work with members of Congress and other national leaders of conservation toward a vision for large-scale conservation initiatives. On the 100th anniversary of the Act authorizing the National Forests in the eastern United States, the Lincoln Institute of Land Policy brought together one hundred major players in the conservation world to discuss the Future of Large Landscape Scale Conservation in America.

Senator Susan Collins of Maine, Rep. Peter Welch of Vermont and Rep. Rush Holt of New Jersey provided the participants with an insider’s view of Congressional action on Land and Water Conservation. Panels of administration officials, non-profit and private philanthropy, as well as university researchers and private landowners provided a variety of practical applications for the audience to discuss in an extended discussion session.

Participants were asked the following question: “Given the United States’ remarkable history of public, private and non-profit land conservation to build on, twenty-first century Americans now face a grand challenge: how do we achieve durable, measurable land and biodiversity conservation objectives at a large, landscape scale, protecting our natural heritage and enhancing ecosystem services across property boundaries, sectoral divisions and even international borders?”

LandVest was recognized for its past work with the first and largest landscape scale conservation easement in the United States, the Pingree Forest Partnership, over 762,000 acres of Maine forest, as well as for its groundbreaking new work in developing new methods of increasing the pace of conservation on private lands through their Aggregation projects with the New England Forestry Foundation and Harvard Forest in support of the recently released report Wildlands and Woodlands, A Vision for the Forests of New England. Seeking cost effective solutions for reduced costs of conservation transactions through cooperative rather than competitive collaboration among land trusts is a primary goal of LandVest’s Aggregation work, along with developing new sources of funding to assist private landowners in monetizing ecosystem services of these lands.

LandVest Real Estate Consulting works with landowners, both public and private, assisting in the analysis development of land use plans to support landowners financial as well and their conservation goals. Recent examples of this work can be found on the LandVest website. For more information or to discuss the meeting in greater detail contact Keith Ross at kross@landvest.com.

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Best Places To Live: Woodstock-Area Vermont Country Farm for Sale
By LandVest
 

Landvest This blog post is brought to you by Jon Weber, who assists buyers and sellers of distinctive real estate in the Woodstock, Vermont area, and by Ruth Kennedy Sudduth, who directs LandVest’s Residential Brokerage Division and serves buyers and sellers of distinctive properties throughout New England.

The main house of the classic Kent Hill Farm sits on Happy Valley Road.

LandVest properties tend to be the realization of an owner’s dream. Kent Hill Farm, just outside Woodstock, Vermont, is no exception. The owners had a vision of a classic Vermont farm set in an unspoiled valley. They wanted a private, comfortable home with the ease of modern layout and construction where they could control their views. Over the course of several years, they assembled a substantial landholding on both sides of Happy Valley Road (which is as pretty as it sounds), just outside Woodstock Village. In 2000, on the west-facing side, they built what looks like a reproduction Cape style house, correct in scale and feel for rural Vermont. The home evokes the feel of an antique—wide pine floors, hand-hewn beams, a stone fireplace with forged iron pot rack—with the light, flow and understated luxury of modern living: cathedral ceilings, big windows, radiant heat and an open chef’s kitchen. In addition to the main house, there is a charming guest house, big workshop and ten bay equipment shed. Equestrians will appreciate the well-thought through horse barn with run-in shed, tack and feed rooms and fenced paddock. The property is being offered on 181 private acres which are a part of the 653 acres assembled on both sides of Happy Valley Road. The owners will convey the property with protective covenants and will add protective covenants to the land they own across the road so that the views from Kent Hill Farm are preserved from both sides of the road.

A large workshop, equipment shed, and barn are a part of the privately-set Kent Hill Farm.

View of lush Vermont countryside from Kent Hill Farm.

This is a beautifully conceived Vermont farm for sale, offering sizable acreage, complete privacy and a gracious comfortable home. It is less than ten minutes into Woodstock Village with its charming shops and restaurants, thirty minutes to Killington and twenty minutes to Hanover, New Hampshire, Dartmouth College and the renowned Dartmouth-Hitchcock Medical Center.

This comfortable, private Vermont farm is located just minutes from Woodstock Village.

Click to view additional Vermont farms for sale.

Click to view additional New England farms for sale.

For more information on Vermont Real Estate and Properties for sale, contact Jon Weber at jweber@landvest.com, or click here for Jon Weber’s Contact Information. Contact Ruth Kennedy Sudduth at rsudduth@landvest.com or click here for her Contact Information.

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