JPFCO
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J Pepper Frazier Company
Jan 15, 2008 JPFCO REAL ESTATE BUZZ
Issue: 101
A Bi-Weekly Newsletter About Nantucket Real Estate.


    MOST RECENT LISTINGS
recent listings 85 Pleasant Street / 2 Williams Lane - Town - $1,600,000
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    RECENTLY SOLD HOUSES
sold houses 10 Magnolia Street - Sconset - $1,150,000
sold houses 11 PARK CIRCLE - Mid Island - $274,800
sold houses 55 Meadow View Drive - West of Town - $750,000
sold houses 56 Main Street a/k/a/ 58A Main Street - Town - $1,850,000
sold houses 4 Dovekie Court - Naushop - $600,000
VIEW ALL    


REAL ESTATE LOCAL UPDATES
Town Parking & Retail Space

Town is considering the purchase of just over an acre (5000 sf zoning) from the Electric Company on Candle Street for $30-$50 million. The plan with the most buzz is a parking garage on the interior and retail/office/residential along the front. A vote is likely at the next Town Meeting.
Club Being Considered in Madaket

A Sportsman’s Club is being considered at the former Westender Restaurant. The club would accommodate approx. 300 equity members and require a commercial development permit. The focus would be on gear and trip outfitting with amenities including dining, locker rooms, employee housing, storage, offices and possibly bowling. Several interests are expressing concerns over traffic, parking and utilities.
Ladies Shoe Store to Arrive this Spring

RJ Miller Salon at Zero Washington has moved to its 6 Amelia Drive location. Well known shoe store from Sarasota, FL; Addison Craig from St Armands Circle will be moving in this Spring.

REAL ESTATE FOR SALE BUZZ - the best on the market
FOR SALE:Walk to the Beach for $1,200,000

Fixer-upper near the beach. Least expensive house on the market within walking distance to a beach. Owner must sell before summer. With a little work, it could rent for $4500 a week this summer.
photos property details request showing

RENTALS BUZZ - a great deal that won't last
FOR RENT:
New House with Pool & Views in Town ($12,500 week)


43 Vestal Street offered at a reduced rate because of the new construction and interior not complete until May 2008. Everything is top of the line and you will have a brand new home.
photos property details reserve now

ISLAND HAPPENINGS

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Galley Restaurant has been torn down and is currently being rebuilt with a full basement and two stories. Set to be completed in time for the summer season.

SUMMARY

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Thanks for sharing our Nantucket Real Estate newsletter. As always, please contact us to discuss your Nantucket real estate situation. If you have any suggestions we’d be glad to hear them.
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