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JPFCO

Nantucket Real Estate Updates

Jul 1, 2014       Issue: 280

J Pepper Frazier Company
Jetties Views
 
 New Listings VIEW ALL

Jul 26, 2017

Cliff
$5,975,000

Jul 25, 2017

Town
$2,495,000

Jul 25, 2017

Town
$895,000

Jul 26, 2017

Middle Moors
$1,995,000
 
 Recently Sold VIEW ALL 

Jun 22, 2017

Mid Island
$930,000

Jun 26, 2017

Town
$5,585,000

Jun 26, 2017

Cliff
$2,450,000

Jun 16, 2017

South of Town
$325,250
 

GROUND NOTES FROM DALTON
  What Does It Mean When…

What does it mean when "Madaket", "$7.775mm" and "Under Contract" are in the same sentence? Means the market is popping! Total volume closed YTD is approximately $375mm. We did not hit the $375mm mark until end of August in 2012 and 2013 and total volume for those years ended with $830mm and $760mm, respectively. Considering the next four months are traditionally our most productive months, we may be headed to the $1B mark this year!

Values are moving up, as well. For instance, 15 Lauretta Lane sold for $2mm on 12/17/04, $1.5mm on 12/20/11 and is currently under agreement for right under $2mm. So, we are not back to peak pricing, but everyday we are getting closer.

Happy Independence Day!
 
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RENTAL MARKET UPDATE
  Welcome bACK

It officially feels like summer here on "The Rock"! As visitors flood the island, one of the most common remarks we hear is that a trip to Nantucket feels like a step back in time. Perhaps it is the cobblestone roads, lack of commercialization, or general remoteness of the island that evokes this sentiment. While most places do remain unchanged, the island has welcomed the debut of some unfamiliar shops and restaurants: B-ACK Yard BBQ, Meursault Wine Bar, Isobel & Cleo, Nantucket Prime... to name a few. With a trip to Nantucket on the books, we hope you will be lucky enough to revisit many of your longstanding Nantucket favorites and create new traditions at some of the unseasoned, nonetheless enjoyable, establishments.

If you have not yet set aside some time to beach it and relax on ACK, contact your favorite JPFCO real estate agent to scoop up one of remaining available rentals!
    August weeks Available Here  
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FEATURED LISTING
47 Cliff Road $17,950,000

Rare opportunity to acquire the spectacular Vincecliff estate. Stunning property in the most coveted part of Cliff Road. Sweeping views over the Jetties, Brant Point Lighthouse, across Nantucket Sound to Coatue, Great Point Lighthouse and Nantucket Harbor. Only property on the Cliff that fully abuts conservation land (which was gifted by this family in 1966 to the Nantucket Conservation Foundation and the first parcel ever gifted to the NCF) and has unobstructed water views. Well-maintained circa 1880's main house, 1965 (renovated and expanded in the '80's and '90's) guest cottage and 1986 carriage house on a meticulously landscaped property with beautiful old growth trees and extensive lawns. Currently two parcels that equal 47,130 sf in R1/5,000 sf zoning which allows for pools and further division of the property - conceptual plan for four buildable lot division available. This offering is not to be missed.
  Vinecliff Estate 
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NANTUCKET REAL ESTATE NEWSWIRE
» Nantucket Among Best All American Trips
» ConCom Denial of Baxter Road Erosion Project
» Nantucket vs Martha's Vineyard
» Dreamland Gala Guests
 

NOTES FROM PEPPER THE ELDER
  Clean Shaven Amech

The other day I was talking with a friend of mine who runs the Nantucket Conservation Foundation. I remarked 'Thank God for the Foundation. What would this place look like without it?' He responded 'Like the rest of America.' And, of course, he's correct. Nantucket would look strange indeed, if we didn't have our large open spaces. Sort of like, Don Ameche without a mustache.

The point being that we live in Nantucket because we don't want to live in 'ordinary' America. The N.C.F. has my deep admiration and gratitude. My hat also goes off to the Land Bank. There is no more worthy way to spend 2% of a purchase price. Unless you're the one spending it. Just kidding. And let's not forget about the H.D.C. We hate them at times, but just take a look at the Vineyard or The Cape and you'll mutter to yourself the aforementioned 'Thank God.' This place is special and will remain so. I'm still trying to figure out if I'd recognize Don Ameche.
 
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JPFCO | 19 Centre Street Nantucket, MA 02554

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