{"id":1534,"date":"2014-12-14T16:53:20","date_gmt":"2014-12-14T16:53:20","guid":{"rendered":"http:\/\/new.jpfco.com\/dir\/?p=1534"},"modified":"2014-12-15T14:00:49","modified_gmt":"2014-12-15T14:00:49","slug":"follow-the-smart-money","status":"publish","type":"post","link":"https:\/\/www.jpfco.com\/dir\/follow-the-smart-money\/","title":{"rendered":"Follow the Smart Money"},"content":{"rendered":"<p>Big week for Nantucket real estate &#8211; 9 Kimball Avenue sold for $27.16mm last week!!!  The Seller, the estate of the late Richard Scaife, also sold 12 Sherburne Turnpike to the same Buyer for $3.995mm &#8211; not a bad guest house&#8230;  I felt confident going into December that my brother, Pepper II, Doug Foregger and I on the sell side and Gary Winn on the buy side would hold the record for largest sale of 2014 &#8211; 33 Squam Road for $21.5mm.  But, we got topped by almost $6mm, and almost $10mm if you include the &#8220;guest house&#8221;.  Most of the people that buy properties of these magnitudes have made extremely smart financial decisions throughout their lives; some have just inherited their fortunes.  The Buyer of 33 Squam Road has had a brilliant career thus far.  The Buyer of Kimball Ave. and Sherburne Tpke. has been kept very confidential.  However, I have a hunch who it is; I&#8217;ll give you a hint, he is somewhere in the top 100 on the Forbes 400 and he did not inherit his fortune.  So, if these guys are showing their confidence in Nantucket real estate, won&#8217;t others follow?  Don&#8217;t the best money managers get mimicked constantly?  The market is strong, but the 9 Kimball Ave.\/12 Sherburne Tpke. deal(s) might bring the market to another level.  Remember what happened when Lou Gerstner bought 10 and 17 Berkeley Ave. for $7.08mm and $4.92mm, respectively, in Sept. &#8217;03?  The show goes on&#8230;<\/p>\n<p><a href=\"https:\/\/www.jpfco.com\/dir\/wp-content\/uploads\/2014\/12\/Screen-Shot-2014-12-15-at-9.53.34-AM.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jpfco.com\/dir\/wp-content\/uploads\/2014\/12\/Screen-Shot-2014-12-15-at-9.53.34-AM-300x222.png\" alt=\"Screen Shot 2014-12-15 at 9.53.34 AM\" width=\"300\" height=\"222\" class=\"aligncenter size-medium wp-image-1538\" srcset=\"https:\/\/www.jpfco.com\/dir\/wp-content\/uploads\/2014\/12\/Screen-Shot-2014-12-15-at-9.53.34-AM-300x222.png 300w, https:\/\/www.jpfco.com\/dir\/wp-content\/uploads\/2014\/12\/Screen-Shot-2014-12-15-at-9.53.34-AM-624x462.png 624w, https:\/\/www.jpfco.com\/dir\/wp-content\/uploads\/2014\/12\/Screen-Shot-2014-12-15-at-9.53.34-AM.png 626w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Big week for Nantucket real estate &#8211; 9 Kimball Avenue sold for $27.16mm last week!!! The Seller, the estate of the late Richard Scaife, also&hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1534","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/1534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/comments?post=1534"}],"version-history":[{"count":5,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/1534\/revisions"}],"predecessor-version":[{"id":1539,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/1534\/revisions\/1539"}],"wp:attachment":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/media?parent=1534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/categories?post=1534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/tags?post=1534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}