ALTON -– One of the priciest properties on Lake Winnipesaukee has a new owner.
A six-bedroom, 10-bath home overlooking The Broads, the widest stretch of the state’s largest lake, sold for $5.4 million based on tax stamp sales of $78,000 recorded at Belknap County Registry of Deeds.
The lakefront home on Hopewell Road was purchased by Flying B New Hampshire, LLC, which has a mailing address of Brandy Ware & Company, 449 Easton Way, Suite 110, Columbus, OH. The seller was Gary Bahre, the son of New Hampshire International Speedway founder Bob Bahre.
Bob Bahre, his wife, Sandra, and their son purchased the former home of Camp Alton at the end of Clay Point in January 1995 for $2.5 million. Over the span of about five years they built two palatial homes and a post-and-beam barn, ostensibly to allow them to entertain NASCAR royalty.
In 2014, the twin manses went on the market for $49 million. The elder Bahre’s home at 144 Hopewell Road, sold in February to Jason and Maria Cristina Muise, as Trustees of the Jason Muise Revocable Trust of 2018. Based on tax stamp sales of $84,000 the $5.6 million selling price was $3.9 million less than the town valued the property for tax purposes.
Flying B New Hampshire also purchased 19.25 acres of vacant land on Hopewell Road from the Bahres for $100,000, about $24,000 less than its tax appraisal by the town. Features of Gary Bahre’s former home are said to mirror that of S. Prestley Blake, co-founder of the Friendly’s ice cream chain, and includes six fireplaces, a home theater, a sauna, and a secret room accessed by a flipping a special switch opening a door hidden by a built-in bookcase in the library. The property also has three docks, a boathouse and a pool with its own grotto.
Gary and Sandra Bahre still jointly own two properties on Hopewell Road collectively assessed at $1.4 million. Bahre Alton Properties also retains ownership of 80-82 Wolfeboro Highway, which houses a Hannaford supermarket.
The elder Bahre rescued Oxford Plains Speedway in Maine in the 1960s and parlayed his investments in auto racing, banking and real estate into purchasing Bryar Motorsport Park in Loudon in 1989.
A year later, it opened as New Hampshire International Speedway and went on to host two NASCAR races a year. In 2008, Bruton Smith of Speedway Motorsports bought the venue for $340 million.