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RYE — Straws Point has produced another member of the exclusive eight-figures single-family home club.
A five-bedroom, nine-bathroom residence on the Atlantic Ocean at 17 Straws Point has sold for $18.5 million, the second-highest-priced single-family home sale in New Hampshire history, according to Seacoast Board of Realtors statistician John Rice.
In December 2022, the nearby home at 30 Straws Point sold for $25 million in an off-market closing, more than doubling the state record at the time, according to Rice.
The waterfront Rye neighborhood has now claimed the top two spots in New Hampshire.
“I think this price point says more about the location and quality of the construction,” said Jim Giampa, co-owner of Carey and Giampa Realtors, whose firm brokered the transaction. “Just because a home is in the Seacoast region doesn’t mean it will command big dollars unless the location and property are exceptional. This area has plenty of room for buyers and sellers in all price ranges.”
The owner of 17 Straws Point originally listed the property last August for $25 million, attempting to fetch the same total as its former neighbors at 30 Straws Point. A listing price drop then brought the property down to $22 million.
County deed records show the buyer of 17 Straws Point is Granite Shoals LLC. State business records do not identify the owner of the LLC, which was created at the start of May. Portsmouth attorney Douglas MacDonald is listed as its registered agent.
The seller of the estate was 17 Straws Point LLC, for which Michael Millward is the principal, according to state records.
More Seacoast real estate news: Newington home sells for record $5.25M while still under construction
A deed for the sale was filed with the county on Friday, May 17.
A non-disclosure agreement prevented Giampa from identifying the buyers of 17 Straws Point. Giampa also represented the buyers of 30 Straws Point, Mary Lou and Peter LeSaffre, in late 2022.
“This is a really special home that was designed and constructed to take advantage of the amazing ocean views from Kittery to the Isle of Shoals to Cape Ann,” he said of the property. “Most of the custom features were crafted on-site by Houghton Builders so the quality of construction is extraordinary. It is equipped with everything you could want in an oceanfront estate (with) a gym, movie theater, wine cellar, infinity pool and more.”
The 17 Straws Point residence was built over the span of two years and was completed in 2018. The 10,000-plus-square-foot house contains a pool table, a wet bar, a fireplace, cathedral ceilings, a bathhouse, an outdoor patio and an elevator.
Rye property records show the town’s last assessment of the home valued it at almost $7.1 million.
Rice, statistician for the Seacoast Board of Realtors, cited New England Real Estate Network data to identify 17 Straws Point as the second-highest-selling single-family home in state history. He cautioned that those records do not account for properties sold by homeowners without the assistance of a licensed broker.
Annual taxes on the property exceeded $48,000 in 2022, according to the listing.
“Each room in this architectural gem showcases meticulous attention to detail, radiating sophistication and class,” the listing adds.
According to Rice, the current third-highest-priced single-family home sale in New Hampshire came in June 2023, when a Meredith residence on Lake Winnipesaukee sold for $14 million in an off-market deal.
A new report says an influx of new Granite Staters is coming primarily from neighboring Massachusetts, and most of them are younger, part of Gen Z, the cohort of people born roughly between 1997 and 2012.
But another report says the newbies, like already established residents here, face affordability challenges when it comes to housing and child care.
An analysis by StorageCafe of U.S. Census Bureau state-to-state migration data in 2024 shows Massachusetts sent 16,944 people to New Hampshire, outpacing other New England state — 10,977 to Rhode Island and 6,828 to Maine in 2024. StorageCafe is a nationwide online marketplace and search engine that helps users find and rent self-storage units.
Its June 9 report says the new Granite Staters skew young with Gen Z, making up 31% of the inflows, making it the leading cohort above millennials, Gen X, baby boomers, and the Silent Generation.
And they accept that affordability is relative. While there are certainly affordability challenges in New Hampshire, they believe it is less of a challenge than in Massachusetts, where the median priced single-family home is $668,000, compared to $580,000 in New Hampshire.
According to StorageCafe, New Hampshire converts 56.5% of newcomers into homeowners within year one. Maine converts 56%. Both rank among the highest first-year homeownership rates in the country. Rhode Island, more rent-first overall, still saw 41% of arrivals buy within the first year.
“These aren’t reluctant movers, they’re prepared buyers,” said Emilia Man, senior research analyst at StorageCafe. “Years of saving against Massachusetts prices means that when they land somewhere 25% to 44% cheaper, the math for buying works immediately. The first-year ownership rates in New Hampshire and Maine reflect that.”
The StorageCafe analysis notes that interstate migration nationally slowed sharply in 2024 to 2.1% of the U.S. population, compared to 2.3% in 2023 and 2.5% in 2022.
But, for the first time on record, Gen Z is America’s most mobile generation, accounting for nearly one in three interstate moves. In 2024, 2.2 million young adults moved to a different state overtaking millennials (born between 1981 and 1996) after years of millennial dominance and a near tie between the two generations in 2023, said the report.
According to the New Hampshire Fiscal Policy Institute (NHFPI), New Hampshire relies more on interstate movement to grow its population compared to most other states. The majority — about 60% — of the Granite State’s 1.42 million people are not native born.
About one-third (33.0%) were born elsewhere in New England, including about 25.4% who were born in Massachusetts. Approximately 19.7% were born in states outside of the New England region, while 6.8% of residents were born outside of the United States.
A May 27 brief written by Jessica Williams, a senior policy analyst at NHFPI, says New Hampshire has long relied on interstate movement to grow its population and support the workforce.
“Based on the recent data, younger working-age adults have led New Hampshire’s recent net population gains, which could help offset the state’s aging population and ongoing population decline due to more deaths than births within the state,” she said in her brief.
However, she added, “ongoing affordability challenges may hinder people’s ability to move to, and remain in, the Granite State. Housing constraints, child care access, and educational and workforce opportunities continue to influence interstate movement decisions, particularly among younger adults and families.”
Williams took a look at U.S. Internal Revenue Service (IRS) data on tax filers that move between states, counties, and other countries, along with other data from other sources, such as the University of New Hampshire survey center.
Here is some of what else she found:
What follows are recommendations from Williams to state policymakers:
State authorities are investigating a fire that broke out early Sunday at the former Laconia state school property, according to officials.
The fire started around 3 a.m., burning down a three-story building on the property. The initial crews that arrived on the scene requested aid from other fire departments around the Lakes Region, according to Laconia Fire Chief Jim Joubert.
“[The fire is] under investigation because the building was abandoned,” Joubert said. ‘There was no power. There was no utilities. So the fire just didn’t start by itself.”
But Joubert said it may prove challenging to gather much more information because of how extensive the damage was. State authorities are now leading the investigation.
Joubert said that no one was harmed fighting the fire and that, because the property was vacant, crews focused on containing the fire from outside the building, not risking sending anyone inside. It took crews about two hours to get the fire under control, he said.
The 217-acre parcel was purchased by Pillsbury Realty Development in 2024, after the state struggled to sell the property for years prior. Other buildings on the property are also abandoned.
Local News
A man drowned while swimming with friends in a pond in Swanzey, New Hampshire, Sunday.
The man, 42-year-old Fredy Gavilanes Jami of Ecuador, was swimming with three friends in Wilson Pond Sunday afternoon. The group was near the shoreline, but Gavilanes Jami went underwater after entering an area of the pond with a steep drop-off. His friends initially did not notice his disappearance, according to New Hampshire State Police.
Wilson Pond is about 72 acres, with 3,240 feet of shoreline. It has a maximum depth of 15.7 feet.
Once they noticed Gavilanes Jami was missing, his friends called for help. Bystanders called 911 and attempted to help but were unable to bring Gavilanes Jami to the shore. An officer from the Swanzey Police Department was the first to arrive on scene. They immediately entered the pond and removed Gavilanes Jami.
State Police Marine Patrol officers were notified of the reported drowning at 3:36 p.m. They responded to the scene alongside the New Hampshire Fish and Game Department and first responders from nearby communities.
They attempted lifesaving measures at the scene before Gavilanes Jami was transported to Cheshire Medical Center. He was pronounced dead at the hospital.
The exact circumstances surrounding Gavilanes Jami’s death are under investigation, but authorities do not believe it was suspicious.
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