The children of Peg Dewey Carroll added to their mother's conservation legacy by permanently limiting development on their 22-acre inheritance between I-89 and Route 103A in New London. This parcel, with 850 feet of frontage on Route 103A at Herrick Cove, protects the Lake Sunapee watershed, maintains wildlife habitat and buffers traffic noise from I-89. The forestlands are a mixture of soft and hard wood forests are important to the water quality of the Lake Sunapee watershed by filtering water run-off from storms.

Under the terms of the conservation easement, the property can be divided for two house lots, with setbacks of 100 feet from Route 103A. The building envelope is four acres combined, leaving 18 acres untouched. Without protection, New London zoning would have allowed for five house lots using the whole property in 1999 when it was conserved.

Peg's children's gift continues their mother's conservation legacy of 33.8 acres on Burpee Hill in New London. The property is currently owned by Peg’s daughter Sue and her husband Steve Immelt.