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JPFCO

Nantucket Real Estate Updates

Aug 15, 2014       Issue: 283

J Pepper Frazier Company
The Boston Pops by Boat
 
 New Listings VIEW ALL

Jul 26, 2017

Cliff
$5,975,000

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
  Billion Dollar Prediction

Let's see where we stand with my $1,000,000,000+ prediction. Since my last post two weeks ago, there have been approximately $60mm new postings of properties that went under agreement on Nantucket's MLS, LINK. I imagine there are other deals that were made in the last two weeks that have not been posted on LINK. We are currently at approximately $450mm total volume closed. September and October are traditionally big closing months, but I really need November and December to be big to gain status as a true fortune teller. It's going to be close...

On another note, between the Nantucket Music Festival and the Pops on Nantucket, what great music in the past two weeks!

On a final note, as President of the Nantucket Association of Real Estate Brokers (NAREB), I was proud to receive the Philip C. Murray Business Leadership Award on behalf of NAREB given by the Nantucket Cottage Hospital - go NAREB!
 
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RENTAL MARKET UPDATE
  Now Booking 2015

For many of our readers and clients, a trip to Nantucket is at the top of their summer bucket list. Thanks to the dedicated efforts of our agents, finding a last minute rental is often doable. However, why not rid yourself of that unnecessary stress, do a little bit of planning, and re-book your favorite rental property? With the summer season flying by and tenants visits come and go, this is one of our the biggest requests at the moment. Many owners are more than happy to oblige!

So, get ahead of the curve and rebook with your favorite JPFCO agent for Summer 2015!
 
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FEATURED LISTING
46 Madequecham Valley Road $4,995,000

OCEANFRONT FAMILY COMPOUND ON NEARLY 3 ACRES! Sweeping water views can be enjoyed from this Oceanfront Compound situated on one of the islands most pristine beaches. No detail has been overlooked at GrandTucket; this 4 bedroom 4400 Sq. Ft. Main House and 1 Bedroom 2900 Sq. Ft. cottage include ocean view decks, gourmet kitchens, wrap around porches, three fireplaces and gracious living spaces. This is an amazing value at under $700 a Sq Ft of finished living space for oceanfront on Nantucket. The exquisitely and meticulously maintained, grounds have been professionally landscaped and are surrounded by gardens, moors, beach roses, pines and tall beach grasses, providing the perfect complement to the dunes and the Atlantic Ocean. Walk to the beach on your own private sandy path, enjoy sunrises and sunsets, fish for stripers and blues, swim, surf and sunbathe without ever getting into your car! There is ample room for expansion including the ability to build a pool, tennis court and to land a helicopter.

Create family memories and legacies, share long weekends with friends and cherish your private time at your own island paradise. Approval from the Town of Nantucket to add an additional 1/4 of an acre to existing property. Phenomenal rental history with just under $200k in rental income in 2014.
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NANTUCKET REAL ESTATE NEWSWIRE
» Why Now is the Best Time to go to Nantucket
» A Tale of Two Islands
» Sailboat Sinks in Nantucket Harbor
» Phosphorescence on Nantucket
 

NOTES FROM PEPPER THE ELDER
  Nantucket & Dogs

They say that a dog is man's best friend and I agree, except in certain situations that I will refrain from going into, because there may be some children in the audience. In fact, there may be nothing but children in the audience. A dog is a wonderful animal, just spectacular, although I pretty much like all animals. Where am I going? Nantucket is a fabulous environment for dogs, much like New Zealand, whose national symbol, the flightless Kiwi lived a good life until the Europeans ironically introduced the dog. Our dogs have vast open spaces, tons of salt and fresh water into which they can frolic. Generally speaking people don't drive with any speed in Nantucket and the dog has pretty much of a safe haven.

The Cape has a problem. Coyotes. They are there. Big Time. In fact they're everywhere: Beacon Hill, Boca Grande. You name it, but not here. So one more reason to buy in Nantucket. Safety and fun for dogs. And if you don't care, the Vineyard is a very short ferry trip, or swim, if you're a coyote, from the mainland.
 
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