Portsmouth island sold for $6.2 million

Biggest residential sale of the year
NH Business Review Staff,

The $6.2 million sale of the 12-acre Belle Island in Portsmouth’s Little Harbor is being billed as New Hampshire’s biggest residential real estate sale so far this year.

The property, which includes five buildings, including a four-bedroom home, deep-water boat docks, a mile of waterfront and a four-stall horse barn.

The Portsmouth Herald reported that the island was last sold in 1998 to Michael Clark for $2.8 million. Before that, the island was owned by the Roman Catholic Church.

Janet Sylvester of Great Island Realty, Portsmouth, brokered the transaction.

Categories: Real Estate & Construction

More news from NHBR:

Adobestock 1684834715
Banking and Finance, Business Advice, Financial Advice

5 financial tips to growing your business

Business growth is exciting. A big contract comes through, a new customer relationship takes off or marketing is delivering the results you expected. Financing can be a critical resource to sustain the growth. But from a lender’s perspective, growth financing is about more than momentum. The real question is whether the business can support that growth — and repay the debt that may come with it.