This was our first trip to Waterville Valley and we choose the perfect house for our stay. It is in a peaceful and convenient section of Waterville Valley. We only had a few other neighbors around us the entire week we were there and rarely saw them.
The townhouse is very close to the rec center (staff is fantastic and give you plenty of pointers on hikes), fitness center and only a few minutes walk to the town square. In fact it is so close that the only time we used our car was to leave the valley or go over to the tennis center area. Speaking of tennis - if you enjoy playing then you should book a court here. The clay courts are beautiful and it was easy to get a court ($25/singles; $40/doubles per hour).
While in the area be sure to take a hike along the Cascade Path (starts near the tennis/ski center) and spend some time at the local pond. If you want to head out of the immediate area, just head down the road about 10 minutes and take a hike on the Smarts Brook trail. Very family friendly and some nice swimming spots. If you just want mountain water, be sure to check out the stream that runs along RT 49. Kids and adults loved it.
If you want an adventure out of town and the woods, then head up to Clark's Trading Post. This is only 25 or so minutes to the north and the entire family loved it.
For all of your necessities you can get a few things in the town square country store but it does come at a premium. You will have to head down to Plymouth for groceries but that is only 25 minutes away.
Last, but certainly not least (very important to us) the owner was great at communicating from the very beginning of the booking process to the end of our vacation. We have stayed in many different rentals in the past few years and this was the best communication we every had. We will certainly stay here again.