Nantucket Island Massachusetts Directory of Real Estate Resources

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. [...]

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. [...]

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 [...]

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.

The asking price of this Nantucket listing at 25C Washington Street has just been reduced to $1.495MM from $1.649MM. The property last traded on 9/18/06 for $1.72MM and is currently assessed at $1.639MM. This is a great value for a new 4 bedroom, 2.5 bath house in Town with peek-a-boo water views of [...]

Jailed former Tyco International boss L. Dennis Kozlowski has slashed $3 million off the asking price for his oceanfront pad.
Problem is the “reduced” price is still $19.9 million.
Kozlowski, who is raising money to pay fines and restitution, paid bought the nearly four-acre property nine years ago for $5 million.
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Nantucket is a magnificent, but the real estate prices make it out of reach for some that have been a part of Nantucket for many generations.
I was speaking with a third generation cab driver the other day and asked him what he thought about the Island now.
The one thing that he highlighted [...]

Convicted Tyco chief L. Dennis Kozlowski’s oceanside mansion in Nantucket, where the king of lavish corporate spending hosted a $200,000 wedding for his daughter in 2003, has tripled in value since he bought it in 1997 for $5 million according to a what a top island real estate executive told the Herald.
It is a 7,000-square-foot [...]

There is a well written article in from the Nantucket Independent addressing how the island�€™s real estate market has risen, dipped and surged to new heights in over three decades.
�€œThe old-line Yankees aren�€™t as plentiful as they used to be,�€� said our own Pepper Frazier, Sr. �€œBostonians are still here, but the New York and [...]

Stephen Karp, owner of Nantucket Island Resorts hotels and president of New England Development Corporation, may soon become the largest holder of local commercial properties if he goes through with a deal to buy numerous properties owned by Sherburne Associates Realty Trust, amounting to better than 70 percent of the Winthrop Financial Associates�€™ portfolio. [...]