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$2,899,000 Just Listed
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Property Description
Introducing The Kelby Motel - a fully reimagined 10-unit boutique motel, with deeded lake access sits on 19.5 acres overlooking the crystal-clear waters of Newfound Lake in the heart of New Hampshire's Lakes Region. Framed by sweeping mountain views at the foothills of the White Mountains, The Kelby offers a rare combination of pristine natural surroundings, elevated design, and scalable investment potential. Current ownership executed a comprehensive transformation, rebuilding and expanding the property with a focus on durability, operational efficiency, and elevated guest experience. The 10 redesigned guest rooms, curated lounge, and full coffee shop showcase a refined Nordic-inspired aesthetic, truly a design-forward hospitality concept that resonates with today's lifestyle traveler. In just two seasons, The Kelby has established itself as a sought-after boutique destination with proven demand and consistent year-over-year growth. The property is fully turnkey, providing immediate operational continuity for investors and entrepreneurs while preserving significant upside. With 19.5 acres, the opportunity extends well beyond the existing improvements. Year-round demand is driven by premier summer recreation on Newfound Lake, renowned fall foliage, and convenient access to hiking, boating, and winter sports. More than a motel, The Kelby is a thoughtfully built hospitality platform positioned within one of New England's most supply-constrained lake markets ...... a rare and compelling commercial opportunity with both lifestyle appeal and long-term real estate fundamentals.
Full Property Details
Full Property Details for 435 South Mayhew Turnpike
General
- Price: $2,899,000
- Taxes: $5,623 (2025)
- Status: Active
- Type: Retail
- Source: PrimeMLS
- MLS ID: 5077456
- Updated: Today (2/25/2026)
- Added to Site: Today
Parking
- Parking: On-Site
Location
- County: Grafton
- Driving Directions: Newfound Lake to Mayhew Turnpike , follow eastern shore towards Hebron , just over the town line on Right
Heating & Cooling
- Cooling Type: Mini Split
- Heating Type: Electric, Wall Furnace, Propane, Mini Split
Utilities
- Sewer: Septic
Structural Information
- Basement Entrance: Interior
- Basement Desc.: Crawlspace
- Roof: Asphalt Shingles
- Square Feet: 4,892
- Year Built: 1957
Unit Information
- Units in Building: 10
Lot Features
- Lot Size (Acres): 19.5
- Lot Size (Sq. Ft.): 849,420
- Frontage: Yes Road Frontage
- Frontage Feet: 175
- Zoning: 04 - Lake District
Water Features
- Water View: Yes
- Water Access: Yes
- Water Front Type: Lake
Financial Considerations
- Price Per Sq. Ft.: $592.6
- Tax Amount: $5,623.88
- Tax Year: 2025
Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro, Adam Dow
Get Pre-Approved Today
Schools
Schools serving 435 South Mayhew Turnpike
School District:Newfound Area School District
| Name | Grades | Distance |
|---|---|---|
Bridgewater-Hebron Village School 25 School House Rd, Bridgewater, NH 03222 | PK-5 | 2.3 mi |
Newfound Memorial Middle School 155 North Main Street, Bristol, NH 03222 | 7-8 | 5.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 435 South Mayhew Turnpike
Date
Details
Price
Change
Source
2/25/2026
Listed
$2,899,000
457.5%
MLS
11/19/2021
Sold
$520,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 435 South Mayhew Turnpike
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,317
91%
$586,900
47%
2024
$2,785
35%
$398,400
23%
2023
$2,063
-37%
$323,400
-32%
2022
$3,266
5%
$478,200
—
2021
$3,118
-14%
$478,200
26%
2020
$3,636
—
$378,700
1%
2019
$3,624
16%
$374,000
—
2018
$3,127
-6%
$374,000
—
2017
$3,344
7%
$374,000
—
2016
$3,112
7%
$374,000
2%
2015
$2,915
-2%
$366,200
—
2014
$2,988
2%
$365,300
—
2013
$2,941
—
$365,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 435 South Mayhew Turnpike
435 South Mayhew Turnpike, Hebron, NH 03241 (MLS# 5077456) is a Retail property. 435 South Mayhew Turnpike is currently listed for $2,899,000 and was received on February 25, 2026. Want to learn more about 435 South Mayhew Turnpike? Do you have questions about finding other Retail real estate for sale in Hebron? You can browse all Hebron real estate or contact a Coldwell Banker agent to request more information.

