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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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