Meredith Bay

What Meredith Bay does

Meredith Bay is a master-planned, gated residential resort community located on approximately 430 acres along Lake Winnipesaukee in Laconia, New Hampshire, owned and developed by Southworth Development (founded by David Southworth) under the entity Meredith Bay, previously branded Akwa Soleil. Development began in 2004, and the community is zoned for a build-out of 650-750 total units over a 10-15 year horizon. Core products include move-in-ready and custom-built single-family homes (Adirondack-style and Craftsman-style architecture, ranging from the compact Bungalow model at ~1,766 sq ft to custom estates), homesites for buyer-directed construction (129 sites in Akwa Vista, approximately 30% sold), townhomes (currently sold out, up to 2,475 sq ft with attached garages), and Bluegill Lodge luxury condominiums (Adirondack-style, ~1,800 sq ft, sold out, with three additional Lodge buildings planned). Construction standards include steel-reinforced poured concrete foundations, 2x6 exterior wall framing, Energy Star-rated windows, and propane-fired forced hot air heating.

The business model combines one-time real estate revenue with recurring HOA/subscription cash flow. One-time revenue streams include single-family home sales ($225K-$720K+), homesite sales, and townhome/lodge condominium unit sales. Recurring revenue streams include monthly HOA and condominium association dues ranging from $300 (single-family) to $545 (townhomes) per month, covering common area maintenance, snow removal, landscaping, marina/beach club access, and year-round staffed gate house security. Distribution is exclusively direct via an on-site sales center at 50 Lighthouse Cliffs, Laconia, NH, supplemented by content marketing (website, blog, downloadable brochures) and virtual open house streaming tours.

The customer base is affluent home buyers seeking a four-season lake lifestyle on New Hampshire's largest lake, segmented between year-round residents (approximately 40%) and active weekend/vacation users (approximately 60%). Homesite buyers typically engage one of two preferred builders—Southworth Homes or Marceau Homes (founded by Jeff Marceau, 1998)—or bring their own contractor. The value proposition bundles new construction quality with resort-style amenities: a private water access point to Lake Winnipesaukee, Akwa Marina & Beach Club access (60 of 76 boat slips reserved for Meredith Bay owners), swimming pool, tennis and pickleball courts, fitness center, walking trails, community garden, a Sugar Shack (maple sugaring operation, 2018 Gold "Most Unusual Project"), and a Love Shack rustic cabin (2018 Silver "Best Specialty Out Building"). Residents also receive reciprocal privileges at five international Southworth-affiliated clubs. Meredith Bay has accumulated 14 N.H. Cornerstone Awards between 2011 and 2023, including Gold for The Dolly model (2023 Home of the Year and Construction Over $1M).

Name

Meredith Bay

Legal name

Meredith Bay

Website

https://meredithbaynh.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

Meredith Bay is a master-planned, gated residential resort community on Lake Winnipesaukee in Laconia, New Hampshire, developed by Southworth Development. It sells single-family homes, homesites, townhomes, and lodge condominiums to affluent buyers, supported by monthly HOA dues and resort-style amenities including a marina and beach club.

Ownership category

akta.pro rank

Product category

Luxury Lakefront Residential Real Estate

NAICS

New Housing For-Sale Builders (236117)

SIC

Real Estate (6500), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro industry

PRIMARYBPAJAAAB

New Construction & Builder Sales

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Real Estate Brokerage

SECONDARYBPAJAFAH

HOA / Condominium Association Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Property Management

Keywords

• Lakefront residential community
• New construction homes
• Residential real estate development
• Gated resort community
• Luxury lakefront condominiums

Headquarters

HQ city

Laconia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Single-Family Home Sales: New construction single-family homes sold directly to buyers. Homes range from move-in-ready spec homes to custom builds on purchased homesites. Prices vary based on model, location, and customization.
2. Homesite Sales: Single-family home lots sold to buyers who then build custom homes, either with preferred builders or their own contractors.
3. HOA and Condominium Association Dues: Monthly recurring fees covering common area maintenance, amenities, snow removal, landscaping, trash removal, and marina/beach club access. Single-family HOA: $300/month; Townhomes: $545/month; Spindle View Townhomes: $465/month; Lodge Condominiums: $540/month.
4. Townhome and Lodge Condominium Sales: Condominium units sold to buyers seeking low-maintenance lake lifestyle. Townhomes (sold out) and Bluegill Lodge condominiums offered.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Meredith Bay develops and directly sells new-construction residential real estate within a 430-acre gated resort community on Lake Winnipesaukee in Laconia, New Hampshire. Its core offerings comprise move-in-ready and custom-built Adirondack- and Craftsman-style single-family homes, residential homesites for custom builds, townhomes, and luxury lodge condominiums, complemented by resort-style amenities (marina and beach club access, pools, fitness center, tennis and pickleball courts, walking trails, Sugar Shack, Love Shack) and recurring HOA/condominium association dues.

Product overview

Meredith Bay is a premier lakeside residential resort community on Lake Winnipesaukee in Laconia, New Hampshire, developed by Southworth Development. The community offers a portfolio of residential products including move-in-ready and custom-built Single-Family Homes, Homesites for custom construction, Townhomes (sold out), and Bluegill Lodge Condominiums (sold out). Featured home models include The Dolly, Ganzey, Kinneho, Keniston, Palmer, Pinehurst, Bungalow, Hawk's Nest, and Stonedam. Residents enjoy extensive resort-style amenities including marina access, pool, fitness center, tennis/pickleball courts, walking trails, and community facilities. The community spans approximately 430 acres with planned build-out of 650-750 total units over 10-15 years.

Differentiator

Problem solved

Functional benefit

Products and services

• Single-Family Homes New-construction Adirondack- and Craftsman-style single-family homes sold directly to buyers at Meredith Bay, available as move-in-ready spec homes or custom-built on purchased homesites. Homes feature Energy Star-rated windows, steel-reinforced foundations, 2x6 exterior wall framing, propane-fired heating, central air conditioning, and resort-style community amenities. Targeted at affluent buyers seeking primary or vacation residences on Lake Winnipesaukee.
• Homesites Single-family residential lots in the Akwa Vista neighborhood of Meredith Bay, sold to buyers who then build custom homes either with preferred builders (Southworth Homes or Marceau Homes) or their own contractors. Priced from $225,000 based on location and views.
• Townhomes at Meredith Bay Adirondack-style townhomes overlooking Lake Winnipesaukee with up to 2,475 square feet of living space, attached garages, open-concept main living level, and optional lower-level bonus space. Sold out at the time of the source.
• Spindle View Townhomes Townhomes at Meredith Bay with elevated views from across the street from Lake Winnipesaukee, offering similar construction quality and value to the main Townhomes line. Sold out at the time of the source.
• Bluegill Lodge Condominiums Luxury Adirondack-style condominiums averaging approximately 1,800 square feet with 2-3 bedrooms, heated underground parking, and direct elevator access, located in the Bluegill Lodge building on Lake Winnipesaukee. Sold out at the time of the source.
• The Dolly Home Model 3-bedroom, 2.5-bathroom single-family home model at Meredith Bay named after an island on Lake Winnipesaukee. Designed by Market Square Architects for Homesite 119, with abundant windows for lake views, two-car garage with optional elevator, and optional bonus spaces.
• Hawk's Nest Home Model Single-floor living home model at Meredith Bay with first-floor master bedroom suite and an open floor plan including large kitchen with breakfast nook, great room with fireplace, and a spacious second level with cathedral ceilings; floor plan can be modified for one-level living.
• Community Amenities and HOA/Condo Membership Recurring HOA and condominium association membership covering common-area maintenance, amenities, snow removal, landscaping, trash removal, marina and beach club access, and gatehouse security. Dues tiered by product type.
• Akwa Marina & Beach Club Access Residents-only access to the adjacent private Akwa Marina and Beach Club, providing boat slip allocation (60 of 76 slips), beach access, and waterfront amenities including the Beach Bar & Grill.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Southworth DevelopmentcoreStrategic or Co-development Partner · 1 January 2004Parent company and developer of Meredith Bay. Founded in 1991, Southworth Development specializes in residential resort and hospitality-branded real estate. David Southworth is Founder and CEO. Southworth has developed over $2 billion in golf and hospitality projects worldwide.
• Akwa Marina & Beach ClubcoreStrategic or Co-development PartnerAdjacent marina and beach club providing Meredith Bay residents with lake access. 60 of 76 slips allocated to Meredith Bay property owners. Residents enjoy boat slips, beach access, and the Beach Bar & Grill restaurant.
• Southworth Communities (Reciprocal Network)minorStrategic or Co-development PartnerMeredith Bay residents enjoy special privileges and discounts at other Southworth Development clubs: The Abaco Club (Bahamas), Willowbend (Cape Cod), Renaissance (North Shore), Creighton Farms (Virginia), and Village at Machrihanish Dunes (Scotland). Benefits include club facility access and reduced accommodation/golf rates.
• American Boat Club at Akwa Marina Yacht ClubminorChannel Partner/ Reseller/ DistributorAlternative to boat ownership. Provides members with access to a variety of new, modern boats for annual fee. Offered as option for Meredith Bay residents who prefer not to own boats.
• Southworth HomescoreChannel Partner/ Reseller/ DistributorAward-winning preferred builder for Meredith Bay. Provides residential development and home building services within the community. One of the featured builders buyers can choose for custom homes.
• Marceau HomescoreChannel Partner/ Reseller/ DistributorPreferred builder established in 1998 by Jeff Marceau. Has built over 200 homes in the surrounding Lakes Region towns. Known for solid reputation, highest quality workmanship, and impeccable attention to detail.
• Market Square ArchitectsminorStrategic or Co-development PartnerArchitectural firm that designed The Dolly model specifically for Homesite 119 at Meredith Bay.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Harbor Club on Lake Oconee: Harbor Club is a gated lakefront community on Lake Oconee, GA, with golf, marina, and new-construction homes. Its product mix (custom homes, homesites, lakefront condos) and amenity strategy closely parallel Meredith Bay's positioning in the New Hampshire Lakes Region.
• Bald Head Island Limited: Bald Head Island is a private island resort community in North Carolina selling homes, homesites, and villas with ferry-access-only exclusivity, marina, and club amenities. It is comparable as a master-planned, amenity-rich residential community where land scarcity and lifestyle drive pricing.
• The Cliffs at Keowee Falls: The Cliffs is a portfolio of seven private lakefront/mountain communities in the Carolinas offering homes, homesites, and amenitized club memberships. The Cliffs' emphasis on multi-property membership reciprocity directly mirrors Southworth's reciprocal network advantage at Meredith Bay.
• Kiawah Island Real Estate: Kiawah Island is a master-planned oceanfront residential resort community in South Carolina offering homes, villas, and homesites with extensive amenities and resort partnerships. It is comparable to Meredith Bay as a high-end, amenitized coastal/waterfront residential community.
• Currahee Club: Currahee Club is a lakefront/mountain golf community on Lake Hartwell in Georgia offering homes, homesites, and amenities including a marina. Comparable to Meredith Bay as a private, amenity-rich residential resort community targeting affluent lake-lifestyle buyers.
• Reynolds Lake Oconee: Reynolds Lake Oconee is a master-planned lakefront residential community in Georgia offering homes, homesites, and country-club amenities with HOA/club dues. It is highly comparable to Meredith Bay as a luxury, amenity-rich lake community selling new-construction homes to a mix of full-time and second-home buyers.
• Sweetbay (Alys Beach-style master-planned): Sweetbay is a master-planned waterfront residential community in Florida offering new-construction homes, homesites, and amenities. It is comparable to Meredith Bay as a developer-built, amenity-rich residential community sold direct-to-buyer on a waterfront setting.
• Keowee Key: Keowee Key is a lakefront master-planned community on Lake Keowee in South Carolina with golf, marina, tennis, and a wide range of housing types sold directly to buyers. It mirrors Meredith Bay's combination of gated access, marina slips, and mixed full-time/seasonal residency.

Others

• Marceau Homes: Marceau Homes is a preferred featured builder inside Meredith Bay with 200+ homes built in the Lakes Region. Included as a peer/ecosystem partner because it directly executes construction that drives Meredith Bay's product output and buyer experience.
• Southworth Development: Southworth Development is the parent company and developer of Meredith Bay. Included as a peer because the relationship (capital, brand, reciprocal club network, shared development expertise) directly shapes Meredith Bay's economics and competitive positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/MeredithBayNH

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Meredith Bay