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Grafton
435 South Mayhew
Listed by: Adam Dow, KW Coastal and Lakes & Mountains Realty/Wolfeboro, Phone: 866-525-3946, , Listing Courtesy of Prime MLS
$2,595,000
● House - For Sale

435 South Mayhew

Hebron, NH 03241
bedrooms
10 Beds
bathrooms
10 Baths
square feet
4,892 Ft²
$13,211
Est. Monthly

About This Property

Introducing The Kelby Motel, a fully reimagined 10-room boutique property with deeded Newfound Lake access, set on 19.5 acres in the heart of New Hampshire's Lakes Region. Overlooking the crystal-clear waters of Newfound Lake and framed by mountain views at the foothills of the White Mountains, this unique property offers an exceptional blend of hospitality, recreation, and future opportunity.  Current ownership has completed a comprehensive transformation of the property, including new infrastructure for septic, electrical, and plumbing. While also creating a design-forward destination featuring 10 thoughtfully reimagined guest rooms, a welcoming lounge, and a full coffee shop inspired by modern Nordic aesthetics. In just two seasons, The Kelby has established a strong market presence with proven demand and consistent growth.  Being offered fully turnkey, the sale includes furnishings, fixtures, equipment, the newly installed greenhouse, and a side-by-side utility vehicle, allowing for a seamless transition to new ownership.  Beyond its successful hospitality operation, the property's 19.5 acres and 10-room layout provide endless possibilities for expanded uses....think future development opportunities, family retreat, events, lodging, or other creative ventures, subject to local approvals.  Year-round appeal is driven by Newfound Lake recreation, fall foliage, hiking, boating, and winter activities, making The Kelby is a rare opportunity to acquire a beautifully renovated property with established income, exceptional amenities, and significant upside potential in one of New England's most sought-after lake destinations."
Unit Size
4,892 Ft²
Days on Market
-
Land Size
19.50 acres
Price per sqft
$530
Property Type
House
Property Taxes
$469
HOA Dues
-
Year Built
-

Listed By

Adam Dow
Adam Dow
Keller Williams Lakes & Mountains Realty

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Last updated: 4 months ago (Prime MLS #5093361)

Price History

Date / Event Date Event Price
Jun 8, 2026 Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro $2,595,000
Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro
Feb 25, 2026 Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro $2,899,000
Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro
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.
Aug 25, 2020 No longer available -
No longer available
Mar 9, 2020 Relisted $599,000
Relisted
Mar 7, 2020 No longer available -
No longer available
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Property Highlights

Parking Details
Has Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 10
Rooms: 11
Basement: No
Exterior Details
Square Footage: 4892
Architectural Style: Condex
Year Built: 1957
Waterbody Name: Newfound Lake
Construction Materials: Wood Siding
Lot Features: Lake Access, Lake View, Lakes, Major Road Frontage, Mountain View, Water View, Near Skiing, Near Snowmobile Trails
Lot Size Area: 849420
Lot Size Units: Square Feet
Lot Size Acres: 19.5
Lot Size Square Feet: 849420
Water Source: Drilled Well
Financial Details
Tax Annual Amount: $5,624
Utilities Details
Cooling Type: Mini Split
Heating Type: Propane, Electric, Wall Furnace, Mini Split
Sewer : Septic
Location Details
HOA/Condo/Coop Amenities: Beach Access, Beach Rights

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Grafton


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Frequently Asked Questions

When was property at 435 Mayhew Turnpike built and last sold?
The property at 435 Mayhew Turnpike was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 435 Mayhew Turnpike is $2,620,950.
What are some comparable homes to 435 Mayhew Turnpike?
There are currently no comparable homes to 435 Mayhew Turnpike.