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JPFCO

Nantucket Real Estate Updates

Jan 1, 2018       Issue: 378

J Pepper Frazier Company
Winter Nantucket Harbor
 
 New Listings VIEW ALL

Dec 19, 2017

Town
$3,495,000

Dec 18, 2017

West Of Town
$6,995,000
 
 Recently Sold VIEW ALL 

Dec 29, 2017

Town
$5,500,000

Dec 21, 2017

Cliff
$3,875,000

Dec 21, 2017

Madaket
$750,000

Dec 20, 2017

Polpis
$3,300,000
 

GROUND NOTES FROM DALTON
  Oh, the Weather Outside is Frightful

But the market is so delightful... This really is a win-win market. Sellers can get strong numbers and Buyers have extra purchasing power from the 25% stock market run and the ultra low interest rates.

If the $37.5mm sale of 6 Sun Island Road (Nantucket Storage Center) is included (and affordable housing excluded), 2017 sales were just over $1.03bn. I think the Sun Island sale should be partially included because the deal included the real estate, 1.7 acres in 5,000 sf zoning, and it was a market trade. If you back out the value of the business (I'm not privy to details of the deal, so don't know exactly), then '17 sales would be $1bn MOL.

Wishing everyone a healthy, happy, peaceful and prosperous New Year (and that you're a Boston sports' fan).
 
 

LET'S MAKE IT HAPPEN WITH PEPPER II
  New Year's Big Bows

It will be a happy New Year for the ones who roll with JPFCO. Buyer Looking for land and time to make it happen. We dig deep, network, and ask the right questions. We uncover that land for sale and wrap it with a big red bow, in time for the New Year! Let's make it happen!!!
 
 

RENTAL MARKET UPDATE
  Planes, Trains and Auto Ferry reservations!

Once you've made it on our beautiful little island you're golden, regardless of the season. However, any seasoned Nantucket visitor knows that after booking the perfect rental house, you are still only half way to all the fun, you must also book your ferry tickets! Getting your car on the Steamship in July and August can be a challenge if you are not prepared, so schedule yourself a reminder! Book reservations beginning Thursday, January 11, 2018 online and by mail. Prepaid, real-time reservations may be made for travel from May 1, 2018 through October 22, 2018. Book online by clicking the link below.

Reservation requests will also be accepted through the mail; up to 5 transactions (one-way or round trip) will be accepted per mailing. If you prefer to book by phone, 508-477-8600 reservations will be accepted by the general public on January 18, 2018, Up to five transactions (one-way or round-trip) can be made per telephone call or in person at any Steamship Authority terminal.
    Steamship Authority  
 
FEATURED LISTING
98 Baxter Road $1,895,000

Renovated, inviting, light-filled ranch style Sconset cottage with great water views. Four season home, with all new windows, interior decorating (paint/shiplap etc...), kitchen and landscaping. Great enclosed yard with mature landscaping and a new 10'x12' shed.
  98 Baxter Road 
 
NANTUCKET REAL ESTATE NEWSWIRE
» 2017 a Year in Photo Review
» Planning Board approves location for Nantucket Medical Marijuana Dispensary
» Nantucket Airport's Crosswinds Closing
» SSA Ends Fast ferry Service Early Due to Weather
 

NOTES FROM PEPPER THE ELDER
  Friendship

He was my friend. That was my good fortune. What does that have to do with real estate, you might ask? A legitimate question and the answer is that he and his brothers were the largest private land owners on Nantucket. Land that through their good graces and a contribution from The Conservation Foundation will be 'forever wild.'

In actuality, I wanted an excuse to briefly write about him. He grew up in St. Louis, where he was an all-around star, both scholastically and athletically, at Saint Louis Country Day. Much to his chagrin, he was up-rooted and sent to Hotchkiss where he again excelled, co-captaining, along with fellow Nantucketer Steve O'Brien, their near perfect varsity football team. Nantucket may be where all the trouble started, because he was my friend, and mischief and hedonism were thine middle names. He matriculated to Columbia where he discovered the wonders of the East End Bar, along with Bennet, Briarcliff and Bradford. The Killer B's. He also was good enough at fullback and middle linebacker to get a tryout with the Giants. I was lucky enough to have him join me in Cambridge. He at Harvard Business School and, I, just trudging along as an undergraduate. It was great, because, as I believe I've said, he was my buddy and we would go to Nantucket every week for 3 or 4 days. Not bad work, if you can find it. People say how could you take so much time off from school. The answer is quite simple. Don't attend in the first place.

For the most part, we both settled in Boston, with New York stints here and there. Libby and I have a son, Pepper II, and he was his Godfather. He got married in Charleston S.C., which I thought was a mistake and told him so, saying 'call it off.' To which he said, with an incredulous, if not sardonic, grin: 'What! And miss a good party.' Well, the party went on; the marriage did not. He was my friend and I will sorely miss him.

Arne McLurg Jensen. 1942-2017. R.I.P. Too soon.
 
 
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