Nantucket
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Nantucket Real Estate
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Nantucket
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Nantucket
Real Estate News and Questions
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Here is an opportunity to own a Bank-owned "mansion" on Nantucket, MA!
Nantucket is one of the most exclusive locations in the world. Countless CEOs and Celebrities own property on this island, which is located approximately 25 miles off the coast of Cape Cod.
This particular property was foreclosed earlier in
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SOLD---$5.2 million
Only two weeks remain until this house will be sold at ABSOLUTE AUCTION. The auction will be held at 2pm on July, 14th. What a terrific opportunity to own real estate on Nantucket!
The house is located in Shimmo, just east of the harbor and sits on a
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This Nantucket, Massachusettshome will be sold at ABSOLUTE AUCTION on Tues., July 14th at 2pm---SOLD--$5.2 MILLION
With 5 bedrooms and 5.5 baths, this wonderful luxury home for sale isset on 2 acres and will be a great deal for one lucky bidder on auction day.
The estate has multiple living
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Goldman Sachs President & COO Jon Winkelried is looking for a buyerfor his 5.9 acreMonomoyproperty on Nantucket Island. The New York Times ran an article yesterday announcing the sale, reporting that "Mr. Winkelried's listing agent confirmed a memo sent to members of the Nantucket Association of Real Estate Brokers saying that
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By Brian-Logan Reid, Broker
The renovation of the historic Point Breeze Hotel will not be returned to a hotel as previously thought, but will essentially be converted into a condo-hotel. There will be32 private one to two bedroom suites as well as six on-site cottages that will sell for $1 to $3
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He's done it again! With his latest restoration completed and sold at 93 Main Street (the "East Brick" - which is now the most expensive residential sale in Town at $10,500,000), I'm sure he's on the hunt for his next (ad)venture.
Mark Goldweitz is known throughout Nantucket, and I imagine throughout New
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By Brian-Logan Reid, BrokerBelow are the just released figures for the Year-to-date real estate market statistics.What I found most interesting is that even though both the number of transactions and (consequently) the total dollar value were down year-over-year, both the median price (now $1.7m, up from $1.4m) and the average price
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I just spoke with a good client of mine who rented a relatively high end ($10,000/wk) house from me for the last two years (he's not coming this year due to his new baby!!). Anyway, he works at a large bank in New York City and I wanted toknow what he
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The following property transfers were recorded in the Registry of Deeds through Thursday, March 29, 2007:
1. Warren W. Hill to Steven P. and Victoria P. Lombardo: 21R Madaket Road, $2,700,000
2. Elizabeth F. Murphy, as Trustee of Collins-Match Nominee Trust, to Eugene D. Hill: 80 Polpis Road, $2,100,000
3. Jonathan Ames to William
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Afterresting all winter long, Nantucket comes alive with color with the first major event of the season...Daffodil Weekend (April 27 to April 29, 2007)! From mid-April through May, over 3 million daffodils bloom all overour lovely islandand we can finally proclaim "Spring is here!!" (though spring normally lasts about 3 weeks.
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So I just got back from the open house for the Muse and it is a very interesting situation. The Muse nightclub is being offered for sale along with a duplex and another 'dormitory' outbuilding...
Will someone come along and buy the Muse and continue running it as a nightclub? If so,
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Some strategies employed for investing in Nantucket residential real estate include:
Buy land and hold - Some investors choose to simply purchase a parcel or parcels of land, hoping to capitalize on the price appreciation (48% price appreciation per year annualized over 10 year period). With this type of investing strategy, there
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When a home owner or potential buyer of residential real estate on Nantucket chooses to rent out their property, there are three main types of income that can be derived. I've found it useful for my customers/clients to understandthe different types of income and the differences between the three:
1. Weekly vacation
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I personally do not know if this is a record or not (it's GOT to be close), but someone rented a house on Nantucket for 10 days, for $100,000! Yes folks, that's $10,000 PER DAY...must be SOME house...
Most recently, I've heard that there is a house for rent for$50,000/wk and it's
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In the time that I'velivedon Nantucket,I've witnessed Nantucket become ever more a playground for the rich (or what is becoming more so thecase, the VERY rich). After someconversations with friends and colleagues, I began thinking about all the ways that Nantucket may just be becominga secluded playgroundfor the affluent:
The Nantucket Yacht
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I do my best to keep my eyes and ears open for properties and owners that fall into financial hardship, as some of my investor clients keep capital ready to put to use in these types ofsituations.
As of this writing, there are no foreclosures set for Nantucket property owners. There has
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Ahhh...gotta love it! Ok, so within a week of closing, a condo property located at 5A Park Circle for $425,000is back on the market for $525,000! Amazing! What's interesting is that the property is actually (probably) WORTH $525k...let's see how long it takes to sell!! I'll keep you posted...
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