New highest priced Seacoast home: 1669 New Castle home sold for over $5.6 million

  • The 1669 home, located at present-day 24 Salamander Lane, sold last month for $5,676,350, is believed to be the Seacoast’s highest-priced selling home of 2021. Courtesy

  • The home at 24 Salamander Lane, which sold last month for $5,676,350, is believed to be the Seacoast’s highest-priced selling home of 2021. Courtesy

Portsmouth Herald
Published: 1/15/2022 2:01:18 PM
Modified: 1/15/2022 2:00:14 PM

NEW CASTLE — Nearly a quarter century before the town was incorporated in 1693, a Cape-style home was constructed across the river from where the Portsmouth Naval Prison eventually would be built.

The 1669 home, located at present-day 24 Salamander Lane, sold last month for $5,676,350, believed to be the Seacoast’s highest-priced selling home of 2021.

Resting on Hart’s Cove, the 353-year-old house closed on Dec. 13, edging out a $5.5 million home on Ocean Boulevard in Hampton for the year’s top sale, according to data from the New England Real Estate Network Multiple Listing Service.

A story published this week on the highest priced Seacoast homes sold in 2021 initially overlooked the 17th century New Castle home, which didn’t change hands in a traditional manner. Rather, it was sold by North Hampton-based auctioneer and Realtor Paul McInnis in a weeklong, online auction held in October.

“The lot itself makes for an impressive setting,” said McInnis, the president of the auction company Paul McInnis LLC.

McInnis opened his business in 1976 and, two years later, sold his first piece of property. More than four decades into his career, McInnis said 24 Salamander Lane is the most expensive single-family residence he has sold.

Bidding for the three-bedroom, three bathroom, prominently red home began at $1 million, with the top bidder ultimately putting down $5.305 million, a figure that increased with closing costs and fees.

A total of 42 bids were placed on the home, which rests above a rocky coastline, over the course of the week.

“We had very strong interest from locals as well who wanted to be there and I think they just recognized that that kind of a site was not going to come up in a long time,” he said.

The 0.52-acre property includes over 200 square feet of waterfront, with McInnis adding that the 1.75-level home received renovations twice last century. Fit with a two-car garage, the home is 2,402 square feet.

“The breathtaking vista of Harts Cove includes impressive scenery of pleasure, fishing and Naval vessels,” reads an online listing for the home. “The ever-changing backdrop includes colorful tugboats ferrying large ships in and out of the harbor, not to mention the sunrises!”

Seacoast Board of Realtors statistician John Rice noted a “tremendous demand” among high-end buyers to purchase homes in New Castle not only because of the location but due to a “favorable” tax structure.

In 2020, according to NEREN, property taxes on the home amounted to $14,421.

“It’s always listed among the high end locations that high end buyers want,” he said of the town. “New Castle’s right up there with Rye Beach and Rye and North Hampton. But I would say New Castle, because of the tax structure, that puts it way up there at number one. The views, the water components, the golf course, all the things that are right there.

“The marine component, the walkability, the jogging, it’s a great little town. People frequently ask for New Castle,” Rice continued. “It’s a very tough place in a tough market for people to buy into.”

For two years in a row, New Castle has been the home of the highest-priced selling home of the year in the Seacoast. A four-bedroom, six-bedroom home, built in 1988, at 18 Becker Lane sold for $5,937,500, topping the 2020 list of Seacoast homes sold.

These articles are being shared by partners in The Granite State News Collaborative. For more information, visit collaborativenh.org.


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