Nantucket Island Massachusetts Directory of Real Estate Resources » About Nantucket Island

Got Land?

Dalton — Tue, 29 Nov 2011 20:03:03 +0000

Not for long because the conservation groups are buying it all up, but that is great for all of us who love Nantucket (and like our property values to go up)! Nantucket has some of the strongest conservation foundations/efforts in the world. A group of great Nantucketers had the foresight to found the Nantucket Conservation Foundation in 1963-58 years ago! The Nantucket Islands Land Bank was the first program of its kind in the country, established by a special act of the Massachusetts Legislature and voted on at Town Meeting to essentially impose a 2% tax on every arm’s length real estate transaction-final vote, Yes: 446, No: 1. That is simply amazing, 446-1, to impose a tax! There are at least eight other legitimate, conservation focused groups on Island. Much of the conservation land is open for passive, recreational use, so if you get tired of eating at the world class restaurants, shopping at the world class shops, bathing at the world class beaches, then you can always go for a walk through the Tupancy Links, Sanford Farm, Middle Moors and on and on…

Recently, the Land Bank put under agreement a 66 acre parcel and the Sconset Trust put under agreement an abutting 53 acre parcel, which combined could be sub-divided into well over 50 building lots. So, although paying the 2% Land Bank tax can be painful in the moment, remember that tax is probably going to give you well over a 2% return in the long run. Nantucketers, seasonal and year-round, were and still are a smart bunch. Must be the water…

P-p-p-poker face, a-a-auction face.

Dalton — Fri, 13 May 2011 00:23:15 +0000

To a layman looking on at a real estate auction, it seems straight forward-a bidder has the max she will bid, she’ll go back and forth with other bidders until a) she is tapped out or b) she wins the auction. Au contrair mon ami. Auctions have a lot more to them than meets the eye. They are dynamic and to be successful one has to understand many factors, including, but not limited to, the time, place and weather (are we on Nantucket on a cold May day with 50 mph gusts when the boats aren’t running or are we at the Copley Place, 68 degrees with a cold drink and plenty of space in the parking garage), the players (are there builders and/or bankers bidding) and the motivation (is WaMu foreclosing and happy with 30 cents on the dollar or a private developer and happy with 110 cents on the dollar). Answering these as well as other underlying questions will help you put together a winning strategy. Another reason why a good broker is invaluable and worth well over 6%. Bonne chance mes amis!!!

Strength of Nantucket

Dalton — Mon, 02 May 2011 22:23:30 +0000

My dad always told me that Nantucket is one of the last ones in and first ones out of a bust. That’s another way to say that Nantucket is a very safe place to invest and/or park your money. Another way to see the strength of an investment is to look at capitalization rates. Cap rates on Nantucket’s prime commercial real estate are around 5.5%, which are extremely low for commercial real estate-cap rates are basically a function of risk, lower the cap rate, lower the risk. So, I called Nantucket Island Resort’s (NIR), who is the biggest commercial landlord on Nantucket (Team Frazier is two), today to inquire about what spaces they have available. The leasing agent’s answer-we have a small art gallery, about 200 sf, available on Old South Wharf. Excuse me, you have 200 sf out of tens of thousands of sf available?!!! That’s a sign of the Strength of Nantucket.

How cool!

Dalton — Tue, 19 Apr 2011 10:35:59 +0000

Nantucket is not perfect, but it is pretty close. Once the new Dreamland Theatre is done,

it will be directly across South Water Street from the Atheneum.

So, Nantucket will have two, amazing, multi-faceted learning/cultural centers that complement each other perfectly a stone’s throw away from one another. I find that very cool and that’s not even to mention the beaches, restaurants, historic downtown…

Nantucket vs. America

Dalton — Wed, 30 Mar 2011 23:26:55 +0000

National real estate statistics are just that-national. Although the national February numbers for new construction home sales and pre-existing home sales numbers were not what many had hoped for, these numbers take into account the US as a whole. But, there are many parts to the whole and Nantucket is one part. There are areas that are still hurting,

but from what I can see, Nantucket is not one of them.

There is serious money coming into the ACK market-get it while it’s fresh!

P.S. Don’t believe everything the talking heads tell you-there is optimism in the air…

Did you know…

Dalton — Sun, 23 Jan 2011 14:41:27 +0000

Nantucket’s total real estate value according to the Assessor’s office is $17,208,429,905. This number puts Nantucket at the 4th highest value in the Massachusetts behind Boston, Cambridge and Newton. Currently, Nantucket’s tax rate for residential property, $3.58/$1,000 of assessed value, for commercial property, $6.41/$1,000 of assessed value and for open space, $3.42/$1,000 of assessed value. These are actually some of the lowest mil rates in the whole country. Another benefit of owning Nantucket real estate:-)

84′ Trumpy WISHING STAR

JPFCO Admin — Mon, 07 Jun 2010 07:45:48 +0000

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

Daffodil Festival Weekend on Nantucket

Dalton — Mon, 26 Apr 2010 07:57:25 +0000

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.

For true taste of Nantucket, off-season’s ideal

JPFCO Admin — Fri, 31 Mar 2006 19:26:33 +0000

For tourists seeking solitude, Nantucket in the off-season offers serenity, heavily discounted rooms and desolate walking paths.

The waves of tourists and suntan oil recede each winter, leaving behind what once was: a small island town 35 serene miles out to sea.

The cobblestone Main Street — teeming with shoppers each summer — is empty. The 80 miles of beaches ringing this crescent-shaped spit of sand are deserted also, except for scallop shells and squawking birds.

read article

Nantucket faces car issue head on

JPFCO Admin — Wed, 27 Jul 2005 13:09:57 +0000

People who support the car cap say Nantucket’s roads were not built for the vehicle volume they now bear. The steadily growing number of cars, they say, creates gridlock downtown, as well as a general safety hazard.

Opponents argue that restricting vehicle access would itself create an inconvenience that could deter tourism. Some seasonal residents also protest the possibility they wouldn’t get permits – even though they’re taxpayers – because they register their cars to a permanent residence off-island.