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JPFCO

Nantucket Real Estate Updates

May 1, 2015       Issue: 305

J Pepper Frazier Company
Osprey
 
 New Listings VIEW ALL

Jul 26, 2017

Cliff
$5,975,000

Jul 26, 2017

Town
$4,945,000

Jul 25, 2017

Town
$2,495,000

Jul 25, 2017

Town
$895,000
 
 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
  All Aboard!

In last week's Inky, there was an article about the Steamship Authority striking a deal with a New York based company called Seastreak LLC to allow Seastreak to dock a 141-foot cataraman high-speed ferry at their Nantucket dock on Friday and Sunday of June 5-7 and June 12-14. The cat. will leave Manhattan on Friday around 3pm and arrive at Nantucket at 9pm with a stop at Martha's Vineyard first. I called up my friend who lives in Manhattan and said he should try it out. He said, "Whoa, you know what that can do for your market!" It's true - if this gets traction, it could make travel to Nantucket for the Manhattanites far easier and accessible, which will drive demand up.

Imagine, if you lived in Manhattan and now have the option of taking a beautiful boat ride while you eat a sandwich, drink a beer and bask in the sun while traveling to Nantucket compared to, stuck in traffic, starving and thirsty trying to get to Nantucket or the Hamptons. If it works, then hopefully they will increase service so people have the option to stay for week blocks, not just the weekend. Until then, another great option for the weekend warrior!
 
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LET'S MAKE IT HAPPEN WITH PEPPER II
  Heading into Rental Season

The weather is sweet and the wine is fine, here comes the rental season. With the rental season quickly approaching, this reminds me of a deal we made happen. We have a buyer looking for a rental investment property, one in which the rental will cover the mortgage. Team JPFCO targets a brand new construction property for sale. The property is in mint condition and will be a great rental but in being new it has no rental history. Time to make it happen JPFCO style. We provide the buyer with comparable rental properties and their pricing etc... but the buyer is still somewhat concerned because lack of history. Team JPFCO tells the buyer that we will provide our commission as collateral and each rental we book we receive that portion of the commission back. The buyer agrees, we close the deal, we book the house and receive an extra 15% rental commission. Looking to make a deal happen we are here for you!!!
 
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RENTAL MARKET UPDATE
  Spring has Finally Sprung!

While some of our clients prefer to be off the beaten path, out in quiet Madaket or in the Quaint village of Sconset, our most requested location is in Town or with-in walking distance to Town. The following listings are all with-in walking distance to Town and still have some great rental weeks open. Give us a call (508-228-3202) to book your Nantucket get away!

16 Gingy Lane, Cliff http://www.jpfco.com/nantucket-rentals-vacation-houses-16-Gingy-Lane- Town-nantucket-ma-2153.html

8 Gingy Lane, Cliff http://www.jpfco.com/nantucket-rentals-vacation-houses-8-Gingy-Lane- Town-nantucket-ma-2551.html

3 Martins Lane, Town http://www.jpfco.com/nantucket-rentals-vacation-houses-3-Martins-Lane- Town-nantucket-ma-2731.html

6 Fayette Street, Town http://www.jpfco.com/nantucket-rentals-vacation-houses-6-Fayette-Street- Town-nantucket-ma-2712.html
 
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FEATURED LISTING
3 Finback Lane $1,750,000

3 Finback Lane, located in the heart of Nantucket, is new construction offering over 3000 sq feet of finished living space with shared pool and cabana. Custom built home abutting over 4 acres of conservation land with walking paths. Centrally located with close proximity to Cisco Beach, Miacomet Golf and Bartlett Farm. Many extra's including high end appliances, shiplap walls, crown molding, oak floors, marble countertops, tiled baths, open floor plan, Sonos sound system and just completed full finished lower level and new shed. At the end of the paver stones road is a path that leads to the private pool and cabana. shiplap walls, crown molding, oak floors, marble countertops, tiled baths. Furnishings are offered for an additional $50K, minus a few exclusions (personal artwork etc). The furnishings which also includes all TVs/sheets/towels/kitchen items etc- enable a buyer to "just bring a suitcase" and move in- or start booking 2015 rentals immediately. The property has not previously been rented.
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NANTUCKET REAL ESTATE NEWSWIRE
» Real Estate Soars in First Quarter Despite the Weather
» Nantucket Ferry Service from Manhattan
» Nantucket Daffodils Galore!
» Nantucket Passes Ban on Helium Balloons
 

NOTES FROM PEPPER THE ELDER
  Blartlett's Dictionary of Famous Quotations

I was so excited about the opening of Paul Blart: Mall Cop 2 that I almost forgot to write my real estate blar...er, blog. Once I am finished with my crusade to get Sal Mineo into the Provincetown Hall of Fame, I will embark on my next cause; to wit: To have blart recognized as a legitimate word, be it noun, verb, adjective, or adverb or at least a stem. Consider: Blarting is such sweet sorrow. Blartlet's Ocean View Farm. Ho, ho, ho and a blartle of rum. The blart of darkness. Endless possibilities.

Now onward and forward to real estate. It's about time, you say? It seems the fiscal policy in the prosperous countries around the world is to keep their printing presses on and keep churning out money. Backed by what? Nothing. That's why hard assets are more valuable than ever. Precious metals, commodities, collectables (stamps, art, autographed pictures of Don The Ameche, and the such) and, of course real estate, including farm land. Of these real estate is the preferable. Why? Because it's the only one that gives you a return. That's why foreigners are increasingly turning their eyes to the U.S. Where is a filthy rich Russian (of which there are many) going to park his money? Certainly not in the Home Land where there is no appreciation and Mr. Putin can confiscate whatever he wants and have you thrown in the slammer (gulag) for good measure. A cheery prospect to be sure. I think Russians own about half the co-ops in the old Plaza Hotel. There is no question that America is the country of choice for virtually anybody, but, in particular for the affluent. This is where the Swiss, the Germans, the Dutch, the Brits, the Chinese, the Japs and the Opec members among others stash their casharoo. And in prime properties; the more prime the better. Nantucket is getting increasing attention in periodicals catering to the Jet Set and is on just about everybody's radar. Remember Sam LeFrak's golden rule: 'He who has the gold makes the rules.'
 
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JPFCO | 19 Centre Street Nantucket, MA 02554

Call Us: (508) 228-3202