Nantucket Island Massachusetts Directory of Real Estate Resources

$9.5MM price reduction!!!

11 and 16 Cathcart Road located on Nantucket’s prestigious harborfront location just had a price reduction from $38.5MM to $29MM. The properties were originally priced at $55MM, which everyone knew was an astronomical asking price. Now, the Seller is getting into the realm of market value. Will update with any developments. Until next time Nantucket Real Estate enthusiasts… Dalton

13 Squam Road, Nantucket Sold!

13 Squam Road closed yesterday for $12.75MM. The property has been on the market for over three years, originally starting at $19.95MM. Although the Buyer received a significant discount off the original asking price, it goes to show market stabilization, the bottom is forming and properties once again have a liquid value. Encouraging news for the Nantucket real estate market. Stay tuned Nantucket real estate enthusiasts! Dalton

High-end Nantucket Real Estate going up, up and away…

Never in Nantucket’s real estate history have there been as many properties listed over $20MM on the market. There are currently 7 ranging from $20.95MM to $38.5MM. 6 are single family homes with outbuildings, including cottages, and 1 is 66 acres of raw land. Nantucket has never had a residential sale in the $30MMs, but I am sure that and an asking price in the $40MMs is coming soon-it’s happened in Aspen, Palm Beach and the Hamptons, so why not here…

84′ Trumpy WISHING STAR

If you are looking for a truly unique experience on Nantucket in August or September, consider a dinner charter aboard the WISHING STAR. A tender collects you and your dinner guests at Straight Wharf, staff helps you board the WISHING STAR, and cocktails and appetizers are served on the stern of the boat. After guests have gained their sea legs, they are led to a phenomenal gourmet dinner served in the elegant dining room. This vessel is exquisitely maintained, with an impeccable interior, the 84-foot boat is the embodiment of traditional elegance afloat. Wishing Star comfortably accommodates six guests in one queen stateroom and two twin staterooms. She cruises New England in the summer and follows the sun south to Florida for winter, allowing charter guests a wide variety of ports-of-call and activities year round. Built in 1963 by Trumpy Yachts, Wishing Star has been lovingly restored to meet the requirements of today’s charter guests without compromising classic design. The experienced and genuinely welcoming crew are dedicated Trumpy enthusiasts and look forward to sharing the unique ambiance and charm of Wishing Star with you. For more information or to book a charter, please contact the Captain directly fred@yachtwishingstar.com

Hot off the Nantucket Real Estate News Press

Rumor has it that 13 Squam Road, located on Nantucket’s exclusive eastern shoreline, is under agreement for $13.07MM. It is a stunning piece of property with a house, guest house, swimming pool, tennis court and boardwalk to the beach. It originally started at $19.75MM, 3.5 years ago. Seems like a bottom is forming in the Nantucket real estate market. That’s it for now Nantucket real estate enthusiasts. Dalton

Two Nantucket High-End deals closed by J Pepper Frazier Company

Among other deals, J Pepper Frazier Company just sold 6 Hinckley Lane for $5.75MM and 77 Main Street for $6MM. JPFCo. represented the Buyer in both of these transactions. Both are stunning Nantucket properties. 6 Hinckley Lane is a compound in the Cliff area and 77 Main Street is an historic mansion. The Seller of 6 Hinckley Lane ended up buying a property in the same neighborhood, 3 Heather Lane, that was on the water for $13MM plus $3MM in additional construction costs and the Seller of 77 Main Street bought 55 West Chester Street for $2.1MM.

Successful Nantucket Short Sale Closed

J Pepper Frazier Company has closed another Nantucket short sale at 59 Somerset Road. JPFCo. has now closed seven short sales, more than any other Nantucket real estate firm. We do this by persistence and hard work constantly contacting the lender for updates and information. Short sales can work well for both Buyer and Seller, as the Buyer mostly gets a great deal and the Seller gets relieved of a major financial, mental and emotional drain on him/her. In this case, a young, first time buyers, Nantucket family was able to get into the market.

Going Firsts, Going Seconds, Going Thirds, Final Call…Sold to the highest Bidder!

Dalton Frazier, Auctioneer Extraordinaire, handled his second foreclosure auction recently.

He was the man next to the red auction flag at 14 Cherry Street, Nantucket MA.

There was a crowd of 9 on-lookers and 1 registered bidder at this 3pm sale. It was short and not-so-sweet with the bidding opening and ending at $492,816.00, with the now foreclosed home being sold back to the lein holder.

Word on the Nantucket Real Estate Street

Word on the Nantucket Real Estate Street is that 30 Easton Street received an accepted offer for just north of $15MM. Another sign that the Nantucket real estate market is stabilizing and possibly picking up momentum. As this is fresh news, don’t tell anyone I told you, wink-wink.

Daffodil Festival Weekend on Nantucket

Last weekend was another successful Daffodil Festival Weekend on Nantucket. More than 100 antique cars were in the parade and the tailgate in ‘Sconset was a success. Dalton and Jennifer Frazier entered a 1958 Austin Healey Bug-Eyed Sprite on behalf of Team JPFCO.