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JPFCO

Nantucket Real Estate Updates

Sep 1, 2015       Issue: 314

J Pepper Frazier Company
Squam Water 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
  Exhale

Summer is winding down, which is bitter sweet. Sad to see everyone go, but nice to not be totally frantic. The last week of August is an amazing week. Gorgeous weather, water is warm, fish are biting, everything is still open, but no traffic jams, overcrowded restaurants, etc.

The sales market is still slightly behind last year, but seems to be picking up steam. As of today, about $450mm has traded. That is down from $506mm at this time last year. If the sales market is warm, the rental market for 2016 is on fire. Some rental markets for certain weeks are already sold out for next summer. Recently I showed a property with another broker who initially started the day by showing her client rentals for the following year. By the end of the day, the client had not found anything he liked, so the agent requested to see one of my sales listings. Sure enough, her client made an offer and we were able to put together a deal. Amazing, this person got fed up with the lack of rental options, so he said he would just buy instead. Gotta love it!

Now, time to exhale...
 
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LET'S MAKE IT HAPPEN WITH PEPPER II
  Three Ways

Wow what a Summer and Boy did team JPFCO make it happen. We are all gearing up for an unbelievable Fall, an Indian Summer and if you are anything like most RE agents your IRS tax extension payment. This brings me to another deal team JPFCO made happen. We have two Sellers one of which is also a Buyer. The Seller/Buyer has two properties and an offer on one; He also has a property he wants to purchase. The property he wants to purchase is about the same price of the combo of his two properties. Time to make it happen JPFCO style. The Seller/Buyer sells his property and does a 1031 tax free exchange. The Seller then sells the Seller/Buyer his property but holds a first mortgage on the Seller/Buyer's second property. We eventually sell the Seller/Buyer's second property, the first mortgage is paid off and that is how team JPFCO makes it happen three ways!!!
 
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RENTAL MARKET UPDATE
  Long Pond Madaket

September on Nantucket! Beautiful blue skies during the day and cool nights, some open parking spots and no line for an ice cream. With Fall just around the corner it is exciting to report that Nantucket is featured in National Geographic as one of the Best Fall Trips for 2015. See the below link to the article.

Please keep in mind that September is one of the prettiest months on our Far Away Island and many homeowners will now consider doing long weekend or a few day rentals. Want to come last minute and don't have a car ferry reservation? Leave the car on the mainland and walk to one of our many in Town rental properties.

Come on over and enjoy The Maritime Festival, Nantucket Project, and the beginning of Nantucket Restaurant Week, when many of our Island Restaurants offer specials and three course dinners at a discount.

Don't forget to start thinking about rebooking for summer 2016. Many of our repeat tenants have already rebooked and some of our properties are already well booked up! We are in the office seven days a week and always available to answer your rental questions.
    Best Fall Trips of 2015  
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FEATURED LISTING
79 Squam Road $12,500,000

Stunning Squam Compound with spectacular Atlantic Ocean views! This custom estate is situated on an elevated bluff with amazing sunrises and panoramic views of the exclusive Squam beach and Sankaty Light House to the south. Private stairs and beach path provide direct access to one of Nantucket's nicest beaches. No expense was spared in this Botticelli and Pohl design, Kathleen Hay designs interior decorated, Ernst Land Design for stonework and grounds, and Ed Toole custom built house, cottage and salt water pool. From the minute you enter this truly special property you can see and feel the quality. Ocean views abound from nearly every room and a floor plan perfect for entertaining friends and family. Full covered wrap around porch with sweeping views of the Atlantic Ocean, generous private grounds with built-in BBQ area and expansive stone walls. There is hand hewn 12" hand finished white Oak floors, and 2" Calcutta Gold marble throughout. Other details include a custom curved three floor staircase, custom iron and glass pendants over the center-Island and chandelier, and high-end natural wall coverings. Other unique details include the crystal fixtures made by Voughn lighting, and an Audrey Sterk mural in the mudroom. Geo-thermal heating and cooling system installed as well as Crestron system throughout. Ship lap, square grid paneling walls with coffered ceilings accented by waterworks fixtures makes this a custom house of unparalleled high-end detail.
  79 Squam Road 
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NANTUCKET REAL ESTATE NEWSWIRE
» Esther's Island
» Financial Questions End Airport Carbon-neutral plan
» Larger Than Life Sculpture
» Suspected Blue Green Algae Closes Hummock Pond
 

NOTES FROM PEPPER THE ELDER
  Normal Nantucket

Went to a D.U. (Ducks Unlimited) event the other night, the highlight of which was the auction of donated, for a lack of a better word, stuff. The first item came up and the comely Libby started bidding with vigor and apparently unbridled enthusiasm; I was bemused. She secured the most expensive item of the evening (which happened to be 'dirt' cheap) and noticed my quizzical look. "What! You don't want to go back to Africa on safari?' 'Of course I do, but you just bought a shooting trip for dove in Argentina for 13 people.' 'Oh. I did?' 'Yes you did.' God, I love females. Good Lord, please don't ever change them. 'Well, I don't want to shoot birds.' Hmm. Seems to be a problem here.

Perhaps we can put Libby in a bird suit and have the dove shoot at her. So it appears we might have a dove shooting trip available for $7,500. No, oh come on, we're all normal on Nantucket. For more information call the the nearest person in a bird suit. It's the drinking water, I think. I don't want to, and don't, live in a normal environment. That's Nantucket. And it's great. 3:00 tomorrow Libby for the bird suit fitting. Besides webbed feet turn me on, with the exception of Lloyd Bridges.
 
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JPFCO | 19 Centre Street Nantucket, MA 02554

Call Us: (508) 228-3202