Last week, 3 Hulbert Ave. closed for $26.5mm and became the second highest, non-subdividable, single lot, residential sales in Nantucket history behind last year’s sale of 9 Kimball Ave. for $27.16mm. That’s a big number, but not compared to luxury real estate markets Nantucket is associated with, like Palm Beach, the Hamptons, Greenwich, Silicon Valley, New York City, etc. Those markets have long blown through the $20mm mark and most, if not all, are onto the 9-figure mark. Trump’s estate in Palm Beach – $100mm, a East Hampton estate – $147mm, Copper Beach Farm in Greenwich, $120mm, a Woodside (San Francisco) estate – $117.5mm, condos in NYC – $100mm+ and the list goes on. One could argue that these properties are massive estates with tons of acreage, or in the case of NYC, foreigners are essentially laundering money and driving demand, but then why did a 43 acre Nantucket waterfront estate only sell for $21.5mm or why there is a 56 acre waterfront estate for sale for only $35mm? I think the answer is that it’s coming, so hold on. Nantucket is a very, very strong value! <\/p>\n","protected":false},"excerpt":{"rendered":"
Last week, 3 Hulbert Ave. closed for $26.5mm and became the second highest, non-subdividable, single lot, residential sales in Nantucket history behind last year’s sale…<\/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-1638","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/1638","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=1638"}],"version-history":[{"count":3,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/1638\/revisions"}],"predecessor-version":[{"id":1641,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/1638\/revisions\/1641"}],"wp:attachment":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/media?parent=1638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/categories?post=1638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/tags?post=1638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}