Brokerage
Properties
Partnership
Contacts
About
Insights
Resources

Bonnie Belle Forest

Chestertown, Warren County, NY
Price: $555,000
Acres: 428
Type: Multiple Uses
Availability: Available
Contact Fountains Land
Todd Waldron
518-668-5880
todd.waldron@fountainsamerica.com
Photos
Maps
Introduction
Location
Access
Site Description
Timber
Special Features

Introduction

Fountains is pleased to announce that the 428-acre Bonnie Belle Forest is available to purchase for the first time in over a hundred years. This incredible, fourth-generation Adirondack forest has been under the current family’s ownership since 1905. Bonnie Belle has an incredible forest management history dating to the 1920s and has been a certified tree farm in New York State since 1958. It offers a balance of beautiful pine and hardwood stands with high standing timber value, impeccably groomed ski trails, a great location near Northway Exit 25 and a 36-acre tax parcel with development options and HOA beach rights to one of the southern Adirondack’s most popular lakes.

Location

Bonnie Belle is located along the Route 9 corridor in the town of Chester, just across the street from its homeowners’ association beach on Loon Lake. The surrounding lakeside neighborhood is a popular summer home destination that’s situated within an easy hour’s drive of nearby communities like Schroon Lake, Lake George, Glens Falls, Saratoga and Lake Placid.  Loon Lake is a perennial favorite for boating, swimming, fishing and water sports. Generations of families have enjoyed fond memories and countless summer weekends here on the lake - with crackling campfires kept well into the midnight hours. The village of Chestertown (population 600) is situated 5 miles east along the Adirondack Northway I-87 exit 25.

Access

Access is via a legal, deeded right-of-way for pedestrian and passenger vehicle traffic over Bonnie Belle Road (owned by the Bonnie Belle Association) from Route 9 to the eastern portion of the forestland property. A gated, established woods road also extends from the end of VanGuilder Road to the property over a deeded 50’ right-of-way in this vicinity. This road has recently supported log truck traffic and has a good solid base. It can easily be top-coated with gravel and turned into a driveway to the 36-acre development lot in the southwest corner of the property.

Site Description

Bonnie Belle is perfectly suited for timber investment, weekend getaways, hiking, nordic skiing, hunting, home development and shared access to a private homeowners association beach on Loon Lake. There are several miles of groomed ski and hiking trails, providing great four-season recreational opportunities throughout the heart of the land. The forested acreage is graced with scenic white pine and northern hardwood forests that create a stunning backdrop for recreation and weekend getaways.

Timber

When a property benefits from careful, sustained forest stewardship for a period of eight, nine or ten decades, it certainly shows. Bonnie Belle’s well-managed timber stands reflect this great care and offer a strong and attractive value proposition for the next ownership. An April 2017 inventory by Bonnie Belle’s forest management consultant reveals a standing timber inventory of 2,921 MBF of quality sawtimber and 6,142 cords of pulpwood products, with total stocking at 28.0 cords per acre. Capital Timber Value has recently been set at $464,400 ($1,085/acre), a figure that represents 84% of the asking price.

Special Features

Tax parcel 85.-8-1 is a 36.4-acre lot that was reserved for future development by the ownership in a 1972 property survey by Joseph LaFlure, LS. As part of this arrangement, this tax parcel is allowed up to 4 residential single family lots with full Bonnie Belle HOA rights including access to their private beach on Loon Lake with 500’ of prime, accessible lake frontage and a 4-acre picnic area. Vehicle access to these lots will be via the VanGuilder Road right-of-way. This is a great opportunity for someone seeking a potential weekend home site with lake access and a large acreage, private forest for investment, recreation and enjoyment.

Broker Disclosure: Under agency law, you are considered a customer, unless you have a written brokerage agreement with Fountains Land (in which case you are a client). While you are a customer, Fountains is NOT obligated to keep confidential the information that you might share with us; therefore, you should not reveal any information that could harm your bargaining position.