NANTUCKET PROPERTY JOURNAL Vol. 2 No. 1
A publication of the Nantucket Association of Real Estate Brokers
Spring 2010
NANTUCKET PROPERTY JOURNAL
Vice President Ken Beaugrand Past President Penny Dey Treasurer Bernie Coffin Secretary Dalton Frazier
Finding calm in the midst of commotion
49 State of the Market
Real Estate insight and analysis
Members at Large Kenneth Lindsay & David Boyce
Editor Don Costanzo Contributors Rob Benchley Jordi Cabre Andrew Spencer
50 Great Values
Five properties that shine in today’s market
2 Christopher’s Home Furnishings
42 Island Properties
4 Congdon& Coleman Real Estate
45 Gary Winn
Nantucket Property Journal is published four times a year by the Nantucket Association of Real Estate Brokers and is distributed free on Nantucket. All content of this magazine, including without limitation the design, advertisements, art, photos and editorial content is Copyright “C” 2010, NAREB. No portion of this magazine may be copied or reprinted without the express written permission of the publisher. Nantucket Property Journal is a registered trademark of NAREB, PO Box 335, Nantucket, MA 02554.
For advertising and editorial inquiries, contact: Editor Don Costanzo at editor@nareb-online.com
ON THE COVER
the arwork of Victoria Harvey
Victoria Harvey works in oil on canvas, painting en plein air (in the landscape) and in the studio with a strong sensitivity to color and a traditional, lively and painterly technique influenced by the American Impressionists. She received formal professional training at a small fine arts conservatory and has received numerous honors for her work, which is represented in many notable collections around the country. She is a member of Oil Painters of America, Landscape Artists International, and The Artists Association of Nantucket. Favoring the subject matter of the Nantucket landscape and harbor, she has painted on Nantucket since 1990. Her work can be seen at Nantucket Artworks, Sosebee Studio and Fine Arts Gallery, Nantucket Looms, The Artists Association of Nantucket and on her Web site at victoriaharveyart.com.
ADVERTISER INDEX
Distribution Ken Turgeon
44 Lee Real Estate
8 Linda Bellevue
46 Country Village Real Estate
10 Marybeth Gibson
47 Chandra Miller
11 Mimi Huber
48 Harold R. Whelden Heating & Air Conditioning
12 Nantucket Real Estate 14 Atlantic East Real Estate 17 Heidi Drew 18 Compass Rose Real Estate 20 Maury People/Sotheby’s International Realty
51 Coffin Real Estate 52 Debbie Cleveland 52 Petite Travelers of Nantucket 52 Welch & Associates Inc. RG
C O N T E N T S
President Bill Liddle
F E AT U R E S
25 Pocket Parks A Publication of the Nantucket Association of Real Estate Brokers
53 Jack Bulger
22 Great Point Properties
53 Denby Real Estate
24 ACK Broker
54 Business Card Directory
29 Westbrook Real Estate
55 Chatfield-Taylor Real Estate
30 Jordan Real Estate
57 Jack Bulger
35 Windwalker Real Estate
57 Edith Delker Real Estate
36 J Pepper Frazier Co.
57 Cam Gammill
40 Killen Real Estate
58 Craig Hawkins Spring 2010
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TOWN
$7,495,000
MONOMOY
$3,895,000
6 bedrooms, 7 full baths, 2 half baths
5 bedrooms, 4.5 baths
Listing Agent: Matt Payne
Listing Agents: Dan Barber
SHIMMO
$3,495,000
WEST OF TOWN
$2,500,000
4 bedrooms, 4.5 baths
Serene 1.64 acre vacant lot
Listing Agent: Anne Gifford
Listing Agents: Matt Payne/Tom Kennelly
57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM
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Tom Kennelly, President, Dan Barber, Linda Bellevue, CBR, GRI Mimi Congdon, Rick Donnellan, Marybeth Gibson, Anne Gifford Michael Gunson, Mimi Huber, CBR, GRI, Keri Kalman Joyce Montalbano, GRI, Matt Payne, John Trudel, Tom Weinstock
TOM NEVERS
$1,875,000
TOM NEVERS
$1,875,000
4 bedrooms, 3.5 baths
3 bedrooms, 3 baths
Listing Agent: Rick Donnellan
Listing Agent: Rick Donnellan
TOM NEVERS
$1,575,000
SURFSIDE
$1,495,000
3 bedrooms, 2.5 baths
6 bedrooms, 4 full baths, 2 half baths
Listing Agent: Rick Donnellan
Listing Agent: Matt Payne
57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM
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TOWN
$1,395,000
NAUSHOP
$1,150,000
3 bedrooms, 2.5 baths
3 bedrooms, 3.5 baths
Listing Agent: Matt Payne
Listing Agent: Tom Weinstock
NAUSHOP
$1,159,000
EDGE OF TOWN
$999,000
4 bedrooms, 3.5 baths
4 bedrooms, 2 baths
Listing Agent: Tom Weinstock
Listing Agents: Mimi Congdon/Anne Gifford
MID-ISLAND
$949,000
SURFSIDE
$729,000
4 bedrooms, 2.5 baths
6 bedrooms, 4 baths
Listing Agent: Rick Donnellan
Listing Agent: Dan Barber
57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM
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Tom Kennelly, President, Dan Barber, Linda Bellevue, CBR, GRI Mimi Congdon, Rick Donnellan, Marybeth Gibson, Anne Gifford Michael Gunson, Mimi Huber, CBR, GRI, Keri Kalman Joyce Montalbano, GRI, Matt Payne, John Trudel, Tom Weinstock
TOM NEVERS
$599,000
NAUSHOP
$495,000
2 bedrooms, 1 baths
2 bedroom, 2 bath condo unit
Listing Agent: Rick Donnellan
Listing Agents: Joyce Montalbano/Tom Weinstock
TOWN
$475,000
MID-ISLAND
$439,000
1 bedroom, 1 bath first floor condo
2 bedroom, 1 bath free-standing condo
Listing Agent: Joyce Montalbano
Listing Agents: Linda Bellevue/John Trudel, Owner
MID-ISLAND
LAND LISTINGS
$425,000
3 bedrooms, 2 baths Listing Agent: Mike Gunson
Mid-Island $895,000 15,990 sf Listing Agent: Linda Bellevue
Naushop $495,000 5,678 sf Listing Agent: Tom Weinstock
Tom Nevers $750,000 4,792 sf Listing Agent: Rick Donnellan
Tom Nevers $1,125,000 2.75 acres Lising Agent: Tom Weinstock
Tom Nevers $775,000 1.25 acres Listing Agent: Rick Donnellan
Mid-Island $495,000 20,099 sf Listing Agent: Rick Donnellan
Naushop $450,000 5,000 sf Listing Agent: Tom Weinstock
Naushop $425,000 .12 acre Listing Agent: Tom Weinstock
Tom Nevers $1,100,000 2.75 acres Listing Agent: Rick Donnellan
57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM
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Linda Bellevue, CBR, GRI, Broker Congdon and Coleman Real Estate 508-325-5000 x11 (office) 508-325-2700 (cell) lindab@congdonandcoleman.com
TOM NEVERS
$3,999,000
Oceanfront custom home located in Tom Nevers is elegant yet casual. Five bedrooms plus five and one half baths, gourmet kitchen, numerous living areas and heated pool.
WAUWINET
$3,200,000
Light and bright home situated on over three acres with harbor and town views. Privacy abound from both the main house and cottage.
TOM NEVERS
$1,999,000
Light filled private 3 bedroom, 2.5 bath home with wrap around porches and decks on 2.75 acres with panoramic views of Sankaty lighthouse, golf course, moors and distant ocean. Large irrigated lawn.
MIACOMET
$1,195,000
Large, immaculately maintained 3-4 bedroom Cape with finished basement and garage with studio above. Two fireplaces, sunroom and large, beautifully landscaped back yard. Wonderful family home.
QUIDNET
$3,875,000
Gracious home with guest cottage on a private 2.76 acre lot. Wonderful property for entertaining.
TOWN
$1,865,000
Located on a side street in the Historic District, this custom 4 bedroom, 3.5 bath house is a shor t distance to Town and beaches. Exceptional features throughout.
57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM
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Linda Bellevue, CBR, GRI, Broker Congdon and Coleman Real Estate 508-325-5000 x11 (office) 508-325-2700 (cell) lindab@congdonandcoleman.com
TOWN
$1,675,000
Located on one of the most desirable streets in the Old Historic District, the Christopher Swain House offers numerous original architectural details, including wide pine floors, a fireplace cupboard and blanket warmer, paneled pine doors and spectacular, articulated beams.
TOWN
$1,995,000
Many original features intact in this 1834 property located on Pine Street. Off street parking with brick patio and lovely yard. Fully furnished with solid rental history.
TOWN
$475,000
Bright second floor condo with enclosed yard, exclusive use of specific areas, designated parking space for one car for this unit. Charming open unit with fireplace.
MIACOMET
TOWN
New home with views of Nantucket Harbor. Gourmet kitchen, fir flooring, marble tiles and outdoor shower are just a few of the many amenities of this custom home.
$1,295,000
Three bedroom, two and one-half bath Chip Webster quality designed home with exceptional landscaping.
TOWN
$1,795,000
$499,000
WEST OF TOWN
$799,000
Wonderful space with many options, upgrades include a new roof, fresh paint, new windows and antique flooring. Custom wet bar, nook and built-in bookshelves all included in sale. Located at the end of a cul de sac.
MONOMOY
Tastefully renovated in 2002, this condo unit has top of the line appliances, soapstone countertops, antique heart pine floors, central air, central vacuum and a security system. Excellent rental potential and a short distance to Town.
$2,395,000
Wonderful opportunity to custom build your dream home in Monomoy. 36,000+ square foot lot with harbor views from a potential second floor.
57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM
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Marybeth Gibson Congdon and Coleman Real Estate 508-325-5000 x17 (office) 508-325-2897 (cell) mgibson@congdonandcoleman.com
TOWN $1,695,000
A historic three bedroom, three-and-a-half bath house built in 1745 with a private English garden and off street parking. This house has been completely renovated and upgraded with many original details intact.
SCONSET $1,395,000 Adorable four bedroom, two bath home located in the quaint Village of Siasconset. Small lovely garden and patio area in the backyard. Water views from second floor. Great rental history. Sold fully furnished.
WEST OF TOWN $1,200,000
Three bedroom, two bath home with newly renovated kitchen. Abuts Conservation land. Close to Town.
57 MAIN ST. NANTUCKET, MA 02554 PHONE: (508) 325-5000 WWW.CONGDONANDCOLEMAN.COM
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Mimi Huber, CBR, GRI, Broker Congdon and Coleman Real Estate 508-325-5000 x12 (office) 508-325-2073 (cell) mimih@congdonandcoleman.com
SHEEP POND
$3,295,999
This one-of–a-kind property offers two independent 2-acre lots and includes an enchanting cottage, deeded beach access, stunning views and total privacy. Surrounded by hundreds of acres of conservation land. Seller would consider selling vacant 2 acre lot separately.
TOWN
$1,995,000
Make an offer! Beautifully maintained, fully furnished 4 bedroom, 3 bath colonial on a char ming side street in town. Features include two wood burning fireplaces, wide pine floors, beautiful gardens, a two car garage, an exceptional rental history and room for expansion.
HUMMOCK POND
$1,025,000
Hidden from street view, this truly unique property offers a quintessential 1930s three bedroom, 1 bath bungalow cottage plus an oversized garage with attached artist’s studio with half bath. A perfect summer retreat with tremendous potential for expansion.
TOWN
$3,250,000
This beautiful 4 bedroom, 2.5 bath antique imparts the essence of a European country home with elegant custom kitchen, eight fireplaces, exposed wood beams, enchanting gardens, fabulous views from roof walk and a great location
HUMMOCK POND
$1,495,000
This property represents an incredible value. Two beautifully maintained 4 bedroom, 2 bath homes, surrounded by mature privet and private from one another. Just minutes to Town, Cisco and Bartlett Farm. Live in one, rent the other or rent both to maximize the income potential.
SURFSIDE
$545,000
This sunny 3 BR, 2.5 bath gambrel offers a central location near town, schools and beaches. The spacious yard with perennial gardens and large deck is perfect for children and outdoor entertaining. Offered as a short sale, subject to bank approval.
57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM
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Distinctive Homes
Whaling Era Home
Fair Street Elegance
In Town Home
Renovated and updated, this 1806 home with 3 bedrooms, private yard and off-street parking
Large home with 5/6 bedrooms and living space on three levels. Off street parking for one vehicle
New 4 bedroom, 3 bath home just steps from downtown. Private patio and off street parking
$2,850,000
$2,595,000
$2,500,000
Historic Town Home
Style and Comfort
Lily Street Retreat
Oversized in town lot with room for expansion and 2nd dwelling. 4 Bedrooms, 1.5 baths off street parking and 2 bay garage.
Large lot on quiet cul-de-sac in Naushop. Large sunny kitchen, 3 bedrooms, 2.5 baths.
Large home with 4 bedrooms and 3 baths, has gracious living areas and off-street parking
$1,700,000
$989,000
$1,990,000
Ken Beaugrand, Owner/Broker
NANTUCKET REAL ESTATE
Curtis Barnes, Chele Bayard, Yvonne Breslin, Marylyn Burns, Marion Roland Conley, Rob Frame, Karen Gibbs, Ginger Ivey, Pat Larabee, Chris Magee, Nash Strudwick, Christine Whelden, Soo Woodley
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TO
Nantucket Property Journal
VIEW ALL OF OUR FINE PROPERTIES, VISIT OUR WEBSITE AT:
WWW.NANTUCKETREALESTATE.COM OR
EMAIL US AT:
INFO@NANTUCKETREALESTATE.COM •
Spring 2010
Unique getaways
Hither Creek
Trio of Sconset Cottages
Modern Colonial
Three bedrooms two baths on the creek and ocean beaches. Excellent rental history
9 Lily Street 2 bedrooms, 1 bath
Potential: 3 bedrooms, 2.5 baths, full finished basement on large parcel.
$975,000
7 Lily Street 4 bedrooms, 2 baths
$1,295,000
16 Lily Street 3 bedrooms, 2 baths
$1,395,000
$2,200,000
Brant Point Building
Pocomo Home
Upper Main Street
Opportunity – Building lot with ConCom issued Resource Determination outlining building envelope abuts protect town and Land Bank land. Potential for spectacular second floor views
3 bedrooms, 2 baths, detached single car garage. Potential for expansion with septic upgrade. Wrap around porch for outdoor living, harbor views.
3 Bedrooms, 2 baths. Looking out onto Caton Circle and the broad expanse of upper Main Street, this family home is ready of rehabilitation and renovation.
$1,425,000
$1,495,000
$1,450,000
$1,100,000
Mid-Island 0.46 acres $495,000
Land Listings Ken Beaugrand, Owner/Broker
Miacomet 0.89 acres $1,350,000
NANTUCKET REAL ESTATE
Curtis Barnes, Chele Bayard, Yvonne Breslin, Marylyn Burns, Marion Roland Conley, Rob Frame, Karen Gibbs, Ginger Ivey, Pat Larabee, Chris Magee, Nash Strudwick, Christine Whelden, Soo Woodley
TO
VIEW ALL OF OUR FINE PROPERTIES, VISIT OUR WEBSITE AT:
WWW.NANTUCKETREALESTATE.COM OR
EMAIL US AT:
INFO@NANTUCKETREALESTATE.COM
Cisco 0.71 acres $995,000
5 North Water Street, Nantucket, MA 02554 T: 508-228-7707 F: 508-228-7780
Beautifully Renovated Antique This exquisite historic home was originally built in 1767 by Joseph Swain. Meticulously restored windows, mantles and antique pine floors are just some of the features that preserve the integrity of this historic home. One not to be missed! Listing Agent is related to seller. $3,675,000 Listing Agent: Peter DuPont
Renovated Pair In Town! These Nantucket homes sit in a wonderful part of the Old Historic District. Including the main house and guest cottage, the property has a total of six bedrooms and seven and a half baths just a short distance to Main Street. Listing agent is related to the seller. $3,275,000 Listing Agent: Peter DuPont
‘Sconset Craftsmanship Located on the edge of ‘Sconset Village, this Christopher L. Maury designed and constructed home features superb craftsmanship and state of the art amenities.
$2,695,000 Listing Broker: Mary Malavase, ABR, RSPS,TRC
www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio 14
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Penny Dey, GRI, ABRM Heidi Drew, ABR, RSPS Peter DuPont Mary Malavase, ABR, RSPS,TRC Erikka Perkins Lisa Sherburne, ABR, RSPS Anne Remian
Sunny and Spacious This beautiful in-town gem, set on a quiet side street has everything you could want! Built in 2006, this meticulously constructed home offers five bedrooms, the latest amenities and a lovely landscaped yard. A must see. Listing agent is owner of property.
$2,895,000 Listing Agent: Peter DuPont
Quidnet Near the Sea Complete the courtyard and create your own secret garden by the sea. Then, turn things upside down and climb to the glorious views of the ocean, pond and Sankaty Light. Stunning views are protected. Truly a one of a kind property.
$1,695,000 Listing Broker: Penny Dey, GRI, ABRM
ING D N E P E SAL
Pristine Charmer Immaculate property with thoughtful design and construction. Main house offers a first floor master suite, three additional bedrooms, two fireplaces and multiple living areas including a separate dining room. The lot is a half acre and the private back deck is surrounded by beautiful landscaping. Detached garage with studio.
$1,675,000 Listing Broker: Penny Dey, GRI, ABRM
Secluded Surfside Setting … On nearly two acres. Just minutes to the beach and three miles to town.This stately four bedroom Colonial style home offers three and a half baths, fir and tile floors, a fireplace, a soaring ceiling and expanses of glass overlooking the private back yard and deck. Wonderful southern exposure and room to expand.
$1,395,000 Listing Broker: Mary Malavase, ABR, RSPS, TRC
www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio Spring 2010
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5 North Water Street, Nantucket, MA 02554 T: 508-228-7707 F: 508-228-7780
Squam Serenity Short stroll to the beach from this private home in Squam located next to hundreds of acres of conservation land. Standing first floor views of the Atlantic Ocean.
SAL E PE ND ING
$1,190,000 Listing Broker: Penny Dey, GRI, ABRM
Two Charming Houses On a half acre lot, this main house and cottage offer a variety of possibilities. Conveniently situated between town and the south shore beaches with access to shuttle and bike path. Property is lushly landscaped and private, yet in a neighborhood not far from town.
$865,000 Listing Broker: Penny Dey, GRI, ABRM
Polished Classic Colonial
Pleasant Street Style
With central A/C, two living areas, and many tasteful updates. Generously proportioned rooms include three bedrooms, two and one half bathrooms and a full basement. The home also offers access to the community’s pool and tennis courts.
$839,000 Listing Brokers: Lisa Sherburne & Mary Malavase
Large Home with Great Potential
Located in the award winning, turn key community of Nashaquisset is this two bedroom, three bathroom home with a separate den and a professionally landscaped yard. Outstanding rental history plus prime location with pool, tennis, year round caretaking and maintenance all at your door step. Offered fully furnished. $815,000 Listing Broker: Melinda Vallett
Island Getaway This inviting 1 bedroom & bath residence is tucked away on the top floor of the historic Captain Gardner House in town. The accommodations include a private roof walk, patio, well equipped kitchen, washer & dryer, living and dining areas. Offered fully furnished. Short sale. Subject to bank approval. $395,000 Listing Broker: Heidi Drew, ABR, RSPS
On an oversized lot, this five bedroom cape has lots of space and a big yard. Conveniently located in the MidIsland area close to shopping, schools and the shuttle bus. Bank owned.
$575,900 Listing Broker: Penny Dey, GRI, ABRM
Brant Point Vacant Land Just 550 feet to the beach or a block to Jetties Beach. Potential 2nd floor views of the Harbor. 6216 sf with town water and sewer available. Please contact Heidi Drew for additional details. $1,495,000
www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio 16
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Spring 2010
BRANT POINT HARBORFRONT WITH PRIVATE DOCK! $18,200,000 6 BDRM, 4 BA vintage summer residence with incredible harbor views, unbeatable location & loads of Nantucket charm! Listing Agent/Owner: Jim Cahill
ENGLISH GARDENS IN SURFSIDE $2,495,000
Charming rose covered craftsman built home with adorable guest cottage, detached office, surrounded by gardens on a fabulously manicured one acre lot. Terrific location near Surfside Beach! Listing Broker/Owner: Cynthia Lenhart
WAUWINET WONDERFUL $2,850,000
Delightful contemporary 4 BDRM/3 BA home on 4 acres abutting conservation land on 2 sides. Terrific attention to detail, 4 fireplaces, generous living spaces inside and out. 2 covered porches & lg. connecting sundecks extend summer living outdoors.
LOCATION, LOCATION! $1,950,000 4 BDRM, 2.5 BA moments to Steps Beach and town. Very private location, this quality custom-built home is unique in many ways with lovely gardens and stone work. Listing Broker: Constance Sturgis
PINE CREST ESTATES $1,449,000 Private 5 BDRM/ 5.5 BA colonial home on nearly 3/4 acre. Two car garage, finished basement and more than 4,000 sq ft of living space! Listing Broker: Cynthia Lenhart
IMPRESSIVE COMMERCIAL COMPLEX $2,400,000
This custom built property reflects quality craftsmanship. Three commercial units on the first floor and 19 parking spaces. Deluxe owners apartment above offers 3,144 sq ft of living. Also available as individual condo units. Listing Broker: Cynthia Lenhart
FISHERS LANDING $1,200,000
TOM NEVERS EAST $1,450,00
3 BDRM/2 BA Cape style home has large expansive yard and garage with studio above. Moments from walking trails thru the Loring Foundation, access to Warrens Landing tennis court and boat storage available.
2.5 private acres with custom built 3 BDRM/3 BA house & 2 BDRM/1.5 BA cottage offers a peaceful sanctuary. Nicely landscaped wexpansion potential. Priced to sell!
Listing Broker: Constance Sturgis
SMUGGLERS LUCK $1,900,000 4 BDRM, 2.5 BA Nobadeer Beach house just 200 yards from the sea. Cozy residence w/Fireplace, 2 car garage, roof walk, sun deck, nice yard & hot tub. Listing Broker: Cynthia Lenhart (Broker is related to seller)
CISCO SIDE BARGAIN $860,000 Sprawling 4 BDRM, 2.5 BA single story home w/ post & beam garage close to golf, beach & Bartlett Farm. Owner is a MA licensed real estate broker. Broker/Owner: Pam Sosebee
Broker/Owner: Constance Sturgis
(Owner is a MA licensed real estate broker)
HEATH HAVEN $990,000 Cozy Douglas fir post & beam 2+ BDRM home with 3 fireplaces, 2 decks, enormous basement & a garage. Potentially 3,400 sq ft of living! Broker: Pam Sosebee
GRAY LADY $895,000
A 5 BDRM/ 2.5BA Colonial located on Gray Ave. close to Surfside bike path, schools, shopping & bus stop. 3/4 Acre lot offers privacy and room for expansion or garage/ apt. Quiet location perfect family home! Furnished. Listing Broker: Constance Sturgis
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508 228 2266
The Nantucket Whaler Inn
Special Brant Point Property
This immaculately maintained Greek Revival Inn has 10 suites, uniquely situated around a lush manicured backyard and perennial garden. Each Suite has its own private entrance. There are 4 studios, 3 one bedroom, and 3 two bedroom suites. 9 Suites have deluxe wetbars and an outside deck or patio.
Ideally situated in the much sought after Brant Point neighborhood, located moments from Town and North shore beaches. No detail was overlooked in this Botticelli and Pohl designed home and their vision was masterfully executed by one of Nantucket’s finest builders. Being offered furnished.
$3,250,000
$4,200,000
Hither Creek Waterfront with Dock The “Hither Creek House” has been meticulously renovated to maintain its authentic charm while offering top-of-the-line and completely updated appliances and appointments. Sit in your living room and enjoy unobstructed views of forever-preserved Hither Creek, Madaket Harbor and beyond to Tuckernuck.
$3,999,000
Hummock Pond Haven
Renovated Antique
Historic in Town
Two well maintained homes on a very private 1/2 acre lot on Hummock Pond Road. Mature plantings help create an oasis of privacy in a location convenient to Town, Cisco beach and Bartlett Farm. Each home features four bedrooms, two bathrooms and full unfinished basements. With remaining ground cover for expansion and a shed, this property has much to offer. Both homes have a great rental history generating approximately $60,000 per year and offer a buyer many possibilities - live in one and rent the other or rent both. $1,495,000
Completely renovated 1800s house located on a quiet street a short distance to town and the Great Harbor Yacht Club. This charming three bedroom home is tucked away in a convenient location with a private patio ideal for grilling and relaxing.
Beautiful 19th Century Nantucket four bedroom home located at the top of Academy Hill on a sunny corner lot. Bright and open living spaces with many original historic details with a small yard, off street parking and a separate cottage.
Edward Sanford Laura Fletcher Barbara Joyce Sam Parsons 22
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Bill Liddle Cam Gammill Tracy King Stuart Reid
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$1,295,000
Greg McKechnie Julie Gasco Nina Hallowell Liddle Amanda Tosch Spring 2010
Debbie Deeley Culbertson Dawn Holdgate Carl Lindvall Phil Witte
$1,595,000
Liz Finlay Wayne Howington Nichole Marks
508 228 2266
New In-Town...
Spectacular Views
Gracious Home off Main Street
... with abundance of quality and sophistication You have to see this house! Custom designed, four bedroom, three and a half bath PKG Design Build and Botticelli and Pohl home, was recently completed and awaits a family who are looking for a fabulous new home moments from town and a short distance to Steps Beach and The Westmoor Club. Thoughtfully designed with top of the line amenities including central air, Wolf, Subzero and KitchenAid appliances, Calcutta marble counter tops, tiled bathrooms, a computerized irrigation system and custom light fixtures. $2,600,000
Enjoy the views over conservation lands all the way to the church steeples in town. This exceptional private property consisting of nearly 1.8 acres has a wonderful single story main house with an attached one bedroom apartment that includes a full kitchen and separate entry. The living spacious are bright and open and take advantage of the expansive setting. The location is ideal given its moments from town, The Westmoor Club and the North Shore Beaches .
Fabulous six bedroom, five bath custom built home located at the end of a quiet lane with sunset views over the pastoral landscape and Westmoor Club. Exquisite cherry woodwork throughout. Viking appliances and rare granite counters complete this custom gourmet kitchen. The oversized lot has room for additional buildings and a pool. Offered fully furnished
Polpis Created by America’s leading post and beam designer Tedd Benson, this exceptional country estate property is located on four stunning acres that overlook Conservation lands that include views over stunning cranberry bogs. The property is located adjacent to endless miles of conservation trails and is a brief bike ride to Polpis Harbor.
$3,990,000
$2,295,000
In-Town Charm near the Windmill
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$2,900,000
High Ridge
Charming turnkey home located a short distance from Town and Surfside bike path. This home offers a new heating system, air conditioning, security and irrigation systems. New appliances and fixtures. Large back yard with a storage shed, and a wonderful rear patio overlooking the Old Mill. Ground cover available for expansion.
This high point in Shimmo offers commanding views of the harbor, Coatue and Nantucket Sound. The sprawling five bedroom, three bath main house combined with a newer three bedroom, two and a half bath guest house create an ideal summer retreat and the three plus acre site provides privacy and room for a pool and tennis.
$1,200,000
$8,500,000
www.greatpointproperties.com Spring 2010
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18 Madequecham Valley Road Sit back, Relax, Enjoy the view‌.Summer Magic in Madequecham
$1,895,000
112 Wauwinet Road Location, Location, Location ... There is nothing like waterfront, and this property is Wauwinet privacy at its best. Moor your boat off this sandy beach front property, then sit on the porch and watch the sunset.
$3,249,000 For 2 bedroom, 1 bath cottage on almost an acre of harborfront.
14 Ahab Drive
For 2 bedroom, 1 bath cottage on 2+ acres of oceanfront heaven.
22 Arkansas Avenue Enjoy the sunset from the deck of this well maintained Madaket home.This turn-key three bedroom, two bathroom property is appealing as a summer get-a-way or as a year round residence.
Quintessential beach cottage in Codfish Park. Fantastic location just steps away from the village of 'Sconset and the beach. Great rental history.
$495,000
$795,000 (co-exclusive).
6 Green Meadows
A carpenter's This open, airy renovated home is dream! This one sited on a beautifully landscaped lot in bedroom, one desirable Hummock Pond Estates‌ bathroom It is very private while being close home with to town, the beach, and all open floor plan has great potential. Sited on a the extras that Cisco offers. spacious lot in the Green Meadows development, $2,200,000 there is room for expansion as well as an Three bedroom, two bath home unfinished second floor awaiting your vision! on .54 acres. Room for expansion. $395,000
13 Bank Street
25 Macys Lane Make your dream of building and owning a home on Nantucket a reality. This is a 5,000+/-sf lot and located on town water and sewer
$315,000
2 Gloucester Street A one acre lot (located in LUG 3 zoning) in Tom Nevers! A great opportunity to build a new home on Nantucket Island
$600,000
Meg Ruley | Jane B. Miller ACK Broker | 508.228.1398 | info@ackbroker.com | www.ackbroker.com | Offices of Lee Real Estate | Upstairs at 58 Main Street | Nantucket, MA 02554
You and the kids will enjoy the Atheneum’s green space at the corner of India and North Water streets.
p o c k e t
Respite can be found in the smallest of spaces, like this one on Federal Street, between Johnston’s Cashmere and Jordan Real Estate.
p a r k s
small oases of silence ~ pleasantly serene, and blessedly free
he radio in my car has an unusual problem in that it literally gets one station on the FM dial. And I don’t mean that in the sense that certain stations come in better than others. I mean one station comes in, end of conversation. Everything else is static. It’s not a weather-related thing; this is a year-round, weather independent situation. Driving in the car, you’ve got two choices: interpersonal conversation or the single radio station. When I’m driving by myself — which is actually quite a lot lately — I tend to opt for the latter instead of talking to myself out loud, despite the love I have for the sound of my own voice.
T
What all that means is that I spend a lot of time listening to the single station that my car radio gets, namely WCAI, better known as the Cape and Islands’ National Public Radio station. On a day in early April, author George Prochnik was the featured guest on a “Fresh Air” segment on NPR and, given that I was in my car, I was listening to it. Prochnik was talking about how people today are so bombarded with noises in their everyday life that they
Stor y by Andrew Spencer ~ Photos by Rob Benchley somehow feel the need to fill their world with noises. And yes, the irony of the fact that I was filling the interior of the otherwise silent car with the noise of NPR — noise that happened to be about the quest to get away from noise — wasn’t lost on me. Ironic situations aside, the points that Prochnik made about noise were quite interesting. He pointed out that studies have indi-
cated that elevated noise can lead to hearing loss, as well as higher blood pressure and increased cardiovascular problems. Sounds a little to me like Nantucket in August, actually. He also made the point that animals only intentionally make a lot of noise when they’re searching for a partner during mating season. Again, the similarities to August on Nantucket cannot be ignored. But I digress. In our world of incessant noise, many of us have sought ways to exclude the omnipresent sounds. In extreme cases, people have built specific rooms or entire houses in such a way as to make them sound-proof. Of course, high-tech ways of covering up or otherwise silencing all the noise made by equally hightech gadgets in our collective environment aren’t cheap. In other words, silence is literally golden. Despite the rumors about the high-flying wages of freelance writers, most of us aren’t quite at the point where we can build ourselves quiet rooms where we can work in relative peace. So what’s a poor journalist who
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A wide swath of grass at the busy intersection of Union and Orange streets.
wants a little break from the constant noise to do? Fortunately for us — and those like us — there exist in this hectic, chaotic world small oases of silence called pocket parks that are blessedly serene. And blessedly free. Pocket parks are, by definition, small outdoor spaces that are usually no more than 1/4 acre in size. They’re typically built on vacant lots, oftentimes next to either commercial or residential buildings. They’re usually too small to allow for any kind of major physical activities. Rather, a pocket park is a place in a relatively urban area where you can sit among trees and plants and just sort of zone out amidst the chaos around you. First seen in New York City in late 1960s, pocket parks can, according to George Prochnik, provide “enormous value to a city” because they afford people the chance to get away from the noise that surrounds them. Pocket parks are literally a natural escape for
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What better place to enjoy an ice cream cone than in ’Sconset’s own pocket park next to the ’Sconset Market.
those who choose to utilize them. Prochnik cited a study that showed people who lived in noisy areas were markedly less annoyed by their surroundings if there was an easily accessible quiet place for them to go. Those of us who have spent any time in New York City know how noisy the city can be, so little pastoral escapes are a welcome respite in Midtown. But we’re on Nantucket, remember? Noise here is the old Nobska horn that so many people find charming (no doubt the same people who listen to NPR, but there I go digressing again). It’s not like we’ve got taxis blaring horns at bike messengers who are getting yelled at by overworked Goldman Sachs portfolio managers. So do we really need pocket parks here? The answer to that one is an overwhelming affirmative. Even here, there are plenty of sources of stress. There are plenty of things here on Nantucket to tickle your aggravation
Spring 2010
bone, and the idea of a free escape from all the stress of the daily grind right in the middle of town is a fan-tab-ulous idea. Given that I have enough stress in my own life to be considered at risk of going off the deep end, I figured I was at least qualified to do a little relaxation research. It’s tough to pinpoint the exact number of pocket parks on Nantucket, given the nature of pocket parks themselves. When does a pocket park become a full-fledged park? When is a parking lot or a courtyard just a parking lot or a courtyard and not a pocket park? Let’s don’t even get started on when a rotary isn’t a rotary but rather a monument. It makes the head swim just trying to contemplate it all, further adding to my mental stress. In the interest of ending my mental gymnastics meet, I picked four representative parks in various parts of the island to see what each one had to offer. They all fit the definition of a
Clockwise from above, left: Always a popluar spot with the lunchtime crowd is the functional pocket next to Nantucket Gourmet on India Street; Watch the boats come and go from the simple, serene park alongside the Marine Department on Washington Street; Make a wish at the architecturally impressive park at the corner of Main and Fair streets; Honor our heroes at the Veterans’ Memorial space on Federal Street, between the Town Building and the Visitors’ Center.
pocket park — they’re all small (basically a single lot), they’re all accessible and open to the public and they’re all sort of in the middle of more built-up areas on the island. What I discovered is that each has its own distinct vibe and feel, as each has its own particular set of qualities that add to one’s ability to relax therein. So now, sit back and relax. Maybe sit down on a bench or, in the event you’re feeling a little ironic after reading this far, in a pocket park (thereby achieving the much sought after meta-pocket-park experience). We’ll start our condensed Nantucket pocket park tour on India Street, just about halfway between Federal and Centre Streets. It’s a convenient place to park yourself and read something, perhaps while the rest of your party is out shopping. It’s a secluded little nook, almost hidden from view. A stone plaque in the back tells you that it was built in 1999 through the Nantucket Green Fund. Another stone memorializes the “twinning” of Nantucket with our sister city, Beaune, France. The park is conve-
niently located next to the Nantucket Gourmet, should the need for caffeine, a muffin or a sandwich arise. And because you’re sitting across from Craftmasters, there’s always the chance that Crafty the Labrador Retriever will saunter over to pay you a visit. Once you’ve had your fill of the India Street park, head up to Centre Street, and if you find yourself needing a recharge, make a quick pit-stop at the Bean for a hot cup o’ Joe. Head south on Centre Street, and walk all the way to Main Street. Go across the cobblestones and slightly to the right, and you’ll end up in our next stop, Nantucket’s newest pocket park. Located at the corner of Main and Fair Streets, this Land Bank park really is a cool little park. While the design of the park seems very urban compared to what one might expect to find on Nantucket, the architectural features blend in seamlessly with the surrounding area and afford visitors a great place to sit and relax. There’s a fountain that offers the combination of running water (which is considered a very good
nantucket’s pocket parks Federal Street, next to Johnston’s Cashmere
Veteran’s Memorial on Federal Street next to the Town Building
In ‘Sconset, next to the ‘Sconset Market on Broadway
Washington Street, next to the Marine Department
Corner of Main and Fair streets
The Nantucket Atheneum park on India Street
Corner of Main and Fair streets
Intersection of Main and Milk streets
Union Street, at the intersection with Orange Street
On lower Main Street, two buildings up from the Courtyard Shops
Upper Broad Street, directly across from the front porch of the Jared Coffin House
Clockwise from top, left: A favorite spot to tie the knot is the space on upper Broad Street, across from the Jared Coffin House.You will find one of the island’s more inconspicuous pocket parks on Lower Main Street; Lush greenery characterizes the space at the corner of Milk and Main streets.
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thing in the Asian art of feng shui) and coins tossed in by hopeful wishers (which might come in handy if the economy gets any worse). The view from this park is tremendous – you can see the tower of the Unitarian Church on Orange Street as well as the brick façade of the Pacific National Bank. To get to our next stop, head down Main Street – maybe pick up some refreshments at Even Keel on your way – and take a right on Washington Street. Keep walking down Washington Street to the open space next to the Marine Department, across from the town parking lot that will be on your left. This is, at least to my mind, what a Nantucket pocket park should be. It’s nothing fancy – you’ve got a couple of benches and some grass — and that’s exactly how I think it should be. This entirely unadorned space harkens back to a simpler time, when people wore cutoffs and drove CJ-5s around the island. And what’s more, it looks out on the working part of Nantucket Harbor. On a nice day, you can see all the way up the harbor to Pocomo, with the Creeks off to your right and the Town Pier directly in front of you. It’s a great place to have lunch and watch the boats come and go from the harbor, be they sail or motor. It really is amazing to look out at the expanse of waterfront and think about the history that has sailed in and out of this harbor. Not to mention the fact that just the sounds of the sea — the waves, the gulls, the sails flapping in the breeze — have the most amazing restorative powers known to man. At least to this man. Once you’ve soaked up enough of the harbor view, continue on Washington Street and turn right at the stop sign at Francis Street, then go up to Union Street and turn left. Union will take you to Orange Street, which is where we’re going to end our tour, right at the intersection of Union and Orange Streets. Actually at the left of the intersection, if we’re being literal. Directly across the street from Cumberland Farms is another Land Bank pocket park, and this is, at least at this point, the most unadorned of all the parks. Currently, the park is just an open plot of land, but the 1918 Chase Barn is currently being reconstructed on the property. My favorite thing about this particular pocket park is that it’s right across from both Cumberland Farms and Fast Forward, so you can get yourself a large coffee and a pastry or candy bar, then cross the street and indulge in a little caffeinated relaxation. Good times indeed. I hope you’ve enjoyed our little jaunt through a few of Nantucket’s pocket parks. There’s no doubt that Nantucket is a great place to plop down in the sand and relax at the beach, but what about those times when you’re in town and nowhere near the beach? Good thing we’ve got so many pocket parks to choose from where you can get a quick recharge and be good to go in no time flat. So get out there and start relaxing. Andrew Spencer, a fifth-generation summer resident-turned-year-rounder, has been writing about Nantucket since moving to the island full-time in 2002. He is the author of, “Tower of Thieves: Inside AIG’s Corporate Culture of Greed,” and also the co-author of “Bear Trap: The Fall of Bear Stearns and the Panic of 2008.”
5 Cathcart Road
Rosemoor, Baxter Road
Monomoy and Privacy
Gracious Mononoy home with new guest cottage. Beautifully landscaped property with harbor views and privacy. Main house has four bedrooms, 3.5 baths with large decks and central AC. Very attractive and well appointed guest cottage with AC. Listing Agent: Daryl Westbrook Price:$3,920,000
A classic Sconset summer home that has been renovated to include today’s amenities while preserving the historic character and charm of the property. Located about half way between Sankaty Light and Sconset Village this home has five bedrooms with five and a half baths, central AC plus many other fine features.
19 Union Street
Listing Agent: Daryl Westbrook Price: $4,200,000
Unique Property
A classic and unique Nantucket Townhouse; a designated Historic structure with an indoor swimming pool and only steps from Main St., a very rare and special Nantucket property. With three main bedrooms and two third floor kid’s bedrooms this is an ideal property for a large or extended family. Listing Agent: Daryl Westbrook Price: $2,900,000
SKRQH
Z Z Z Z H V W E U R R N U H D O H V W D W H F R P
“Point of View”
Sconset Estate
Dionis - Private Beachfront Home - Endless water and unbelievable sunset views of Madaket Harbor, Nantucket Sound and Tuckernuck Island. The decks and grounds of this five bedroom, three-plus bath home pay tribute to the unsurpassed beauty of Nantucket’s West End, with shallowwater mooring and a perfect site for kayak and windsurfing. $9,500,000 Exclusive
Privacy and water views! This custom-built home with pool, cottage and eight bedrooms awaits your finishing touches.
Beautiful Ocean Views
Beautiful Oceanfront Home
$5,995,000 Exclusive
Cisco - Wonderful water views from this classic house located at Cisco Beach. Multiple first and second floor decks add to the outdoor enjoyment of this serene location.Minutes to one of the best South Shore beaches,and not far from Bartlett Farm and East Coast Seafood,this makes for an ideal seaside vacation.
Tom Nevers A winding lane leads to this lovely home situated high on Tom Nevers Bluff with panoramic views of the ocean and private beach. Every room offers breathtaking ocean views and feature a wrap-around porch.
$2,795,000 Exclusive
$4,350,000 Exclusive
Privacy on the Pond
Everything You’ll Need
Surfside - This gracious property, located on the Pond with spectacular ocean views, features a beautifully crafted main house, an adorable guest cottage and a spacious studio. Extensive gardens complete this remarkably private estate.
Milestone - This 4 bedroom home,on a charming cul-desac,has a great floor plan, finished basement,attached and detached garage with studio and approvals for a pool! The living room has built-in bookcases and fireplace.Spacious kitchen and dining area have a sitting area and woodstove.Library/office,owner's suite with loft,walk-in closet,bath and laundry.Second floor features living room,second suite,2 bedrooms share a bath.Laundry room. 2,395,000 Exclusive
$2,595,000 Exclusive, Broker/Owner
Listings of . . .
Eight Federal Street • Nantucket, MA 02554 • 508.228.4449
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The Best of Naushop
“Summerwind” Naushop Meticulously maintained three bedroom, three and a half bath home.The spacious finished third floor offers wonderful additional living space. Private brick patio and back yard.Attractively detailed, this home is in move-in condition. Furnishings are negotiable.
Naushop - This superb location on a cul-de-sac offers a charming 3 bedroom, 2 1/2 bath home with a private patio and the use of pool and tennis court.
$735,000 Exclusive
$985,000 Exclusive
Tucked-Away
Private Oasis
Cisco - Off the Beaten Path...6 Oak Hollow boasts privacy and convenience,just minutes from Town,Cisco Beach,Bartlett Farm and Cisco Brewers, with access to Town Shuttle and soon-tobe-built Cisco Bike Path.This 5 bedroom,3 1/2 bath home was recently renovated and features Australian cypress and tile floors throughout. Mature oak,maple and blue spruce create privacy. $1,039,000 Exclusive
Surfside - A long, paved circular driveway leads to this pristine Gambrel home. Private grounds with many flower beds. Expansion potential on this two-acre lot.
$799,000 Exclusive
A Meticulous Home
A Convenient Location
Mid Island Your covered front porch says “Welcome Home” to this expansive, bright, three bedroom house in a wonderful neighborhood. A two-car garage, gourmet kitchen, and central AC add appeal to this meticulous home! $699,900 Exclusive
Mid Island This Gambrel-style home is spacious and is situated on a large lot in the Pine Knolls neighborhood.
$695,000 Exclusive
Exclusive listings of . . .
Eight Federal Street • Nantucket, MA 02554 • 508.228.4449
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Seal Watch Madaket - This is the view from the deck, living area and master suite of this recently renovated beach house. There is great attention to detail in this upscale house, from which you can enjoy swimming, surfing and fishing. Expansion potential as well.
$1,075,000 Exclusive
Old Madaket’s Best
Sweet Sunsets Madaket Wonderful 4 bedroom upsidedown house with waterviews. Enjoy the best sunsets Nantucket has to offer from this light and bright home. Special features include spacious decks, patios, lovely landscaping, detached garage with studio space above. Close to spectacular Madaket Beach. Great rental property too! $1,495,000 Exclusive
Peace and Plenty in Big Sky Country
This one acre property features a charming house with four bedrooms and three baths.The home is meticulously maintained, has views of Hither Creek, Madaket Harbor, and Nantucket Sound. Deeded access to Hither Creek for boating. $1,795,000 Exclusive
Dionis - This home at the top of Bishop's Rise captures sunlight from every direction. Outdoor decks and patios have round-the-clock views of the moors, Nantucket Sound and sunsets almost too beautiful to believe! $1,925,000 Exclusive
Privacy in Pocomo
Quiet Enjoyment
Pocomo - This four bedroom, three bath home nestled on a lovely lot, offers privacy and room for expansion. Second floor views of the harbor and creeks. Enjoy the comfort and simplicity of this fun beach house or create your dream home!
Cisco - This spacious four bedroom, three and a half bath home offers a versatile floor plan.The attached two-car garage provides ample storage. Relax in the shade on your front porch. Conveniently located to Bartlett’s Farm, Cisco Beach and Town!
$2,750,000 Exclusive
$1,850,000 Exclusive
Exclusive listings of . . .
Eight Federal Street • Nantucket, MA 02554 • 508.228.4449
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Main Street Captain’s Home Town - This lovely Main Street home offers spacious and bright rooms with high ceilings and antique details.Three levels of finished space provide seven bedrooms, four and a half baths and numerous living areas.The large covered porch offers a delightful outdoor area for dining, entertaining and relaxing while overlooking the gardens.The second floor deck provides a sunny area from which to enjoy a second floor view. $3,695,000 Exclusive
A Meticulous Restoration Town - The meticulous restoration of this original 1796 home is artfully blended with the new addition.The four bedroom, four bath home close to the heart of downtown, has been completed with excellent attention to detail. Enjoy the preserved beauty of a restored antique with the benefits of state-of-the-art amenities and materials. $2,625,000 Exclusive
“Pheasant” Brant Point - Charming two-story Brant Point Cottage.This is an exceptional renovation with harbor views from its second floor deck.The professionally landscaped patio offers enjoyable and private outdoor space.
$1,795,000 Exclusive
Woodbury Lane Town - A classic Federal-style, three-story house on Woodbury Lane, this gracious home has a garage, room for a pool and abuts in-town conservation land. It features formal rooms, as well as “family” living spaces … lots of windows and a lovely yard, garden and backyard patio. $3,199,000 Exclusive
Classic In-Town Living Town - Piece of History – A wonderful historic presence at the top of Main Street.This carefully maintained home retains all the charm and beauty of a house built in the early 1800s. In the heart of Nantucket Town with a garage.
$2,150,000
Captain McKay House Cliff - This charming second floor condominium in the historic Captain McKay house features a large living/dining/ kitchen area with many windows and a door onto a small balcony. Located at the beginning of Cliff Road, it is convenient to Town and Jetties & Steps Beaches. $799,000
Listings of . . .
Eight Federal Street • Nantucket, MA 02554 • 508.228.4449
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Exceptional Estate
Enjoy the elegance of summer living and comfort in this custom designed compound.A long, winding shell driveway leads to this stunning property high atop a hill, with panoramic views of town and harbor.The Main house has 3 levels of living with multiple areas for entertaining or relaxing. A gracious master suite,VIP suite, movie theatre, guest house, an infinity pool and pool house with studio/office and tennis court complete the package. In all a combined total of 6 bedrooms, 9 full baths & 3 powder rooms. See more photos at www.secondglancenantucket.com
$12,950,000 Exclusive
Exclusive listings of . . .
Eight Federal Street • Nantucket, MA 02554 • 508.228.4449
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S ALES
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R ENTALS
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R ESEARCH
www.windwalkerrealestate.com Experience you can trust
12 OAK STREET N A N T U C K E T, M A S S A C H U S E T T S 508 228 9117
10 Easy Street, Nantucket MA 508-228-0976 • fax 508-228-5961 Please check our website for more information
www.killenrealestate.com IN TOWN
CLIFF ROAD
SURFSIDE VIEWS
NORTH LIBERTY
$2,900,000
$1,895,000
$3,950,000
$1,599,000
5 bedrooms, 5.5 baths
3 bedrooms, 2.5 baths
5 bedrooms, 4.5 baths
3 bedrooms, 3.5 baths
COMMERCIAL BUILDING & LOT
CLASSIC BRANT POINT
MILK STREET
CLIFF AREA
$1,595,000
$1,550,000
$1,450,000
$1,295,000
2 bedrooms, 2.5 baths
3 bedrooms, 2 baths
2 bedrooms, 2 baths
4 bedrooms, 2.5 baths
MADAKET ROAD
NEAR CLIFF
COMMERCIAL BUILDING
OFFICE BUILDING
$1,200,000
$1,195,000
$1,125,000
$1,065,000
3 bedrooms, 2 baths
4 bedrooms, 2.5 baths
2 bedrooms, 2.5 baths
3 baths
MID-ISLAND
AMELIA COMMERCIAL
COMMUNITY & CONVENIENCE
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COMMERCIAL LAND Newly created commercially zoned lot outside of the aquifer protection zone. $765,000
$475,000
$450,000
3 bedrooms, 2 baths
.5 baths
3 bedrooms, 1.5 baths
$1,599,000
ANN KILLEN • DEBORAH KILLEN • ROBERT YOUNG • BRUCE BENI • EUGINE VOORHEES Member of Nantucket Association of Real Estate Brokers. We can show you any property listed on Nantucket
10 Easy Street, Nantucket MA 508-228-0976 • fax 508-228-5961 Please check our website for more information
www.killenrealestate.com HARBOR VIEWS - MONOMOY
POND FRONT & OCEAN VIEWS HOUSE & COTTAGE
$9,500,000
4 bedrooms, 5.5 baths
$7,900,000
MONOMOY COMPOUND
$6,500,000
CLIFF ROAD
6 bedrooms, 6.5 baths
$5,900,000
POCOMO WATERFRONT
$4,900,000
6 bedrooms, 7 baths
4 bedrooms, 5.5 baths
INDIA STREET
4 bedrooms, 3.5 baths
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$3,895,000
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5/6 bedrooms, 5 baths
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MID ISLAND LOTS
MONOMOY
MONOMOY
$265,000 $375,00 $500,000 Call for details
.46 acres. Treed lot in Monomoy area Access off Chatham Road. $950,000
1.1 acres lot overlooking harbor & Town. Served by town water & sewer. $4,900,000
ANN KILLEN • DEBORAH KILLEN • ROBERT YOUNG • BRUCE BENI • EUGINE VOORHEES Member of Nantucket Association of Real Estate Brokers. We can show you any property listed on Nantucket
ISLAND PROPERTIES 508.228.6999 35A Old South Road, Nantucket Michael O’Mara | Elizabeth Almodobar | Debbie Cleveland | Ed Gillum Hal Herrick | Michael Reilly | Robert Sarkisian | Portia Valero | Harry Fraker-Retired Quidnet Pond
$9,500,000
Cliff Road
$3,395,000
Polpis
$3,900,000
Dionis
$2,875,000
Delightful 3 bedroom home with 1 bedroom cottage located on beautifully landscaped 2.78 acres of property on Sesachacha Pond. The home overlooks Sankaty Lighthouse with the ocean as background. Guest cottage has attached garage.
Remarkable! High-quality, custom-built home in prestigious Cliff area. This property offers an outstanding location on the North side of Cliff Road with easy access to town and nearby beaches. Just 1 mile outside of town, with magnificent views of Nantucket Sound.
On almost 3 acres, the views out over Conservation land are stunning! The main house has 4 bedrooms all en suite, cherry wood floors, central a/c and the guest cottage has 2 bedrooms/2 bathrooms plus a full kitchen; 2-car garage. Many decks. Guest cottage.
Custom-designed House, Studio/garage, and a separate one-car garage perched on a high hill in Dionis. Multiple decks and porches, including one with outdoor fireplace ideal for entertaining. Abuts acres of Land Bank open land. A short distance to a great Sound beach. Furnished.
Miacomet Pond
Pocomo
Surfside
$1,495,000
Lincoln Circle Area $8,950,000
This waterfront property with existing home is two separate lots with over 2.7 acres providing ample opportunities. Great views of Harbor and private beach stairs access the beach below. Each lot could have its own private staircase to the Harbor.
This cleverly-designed custom home is set back from the road for maximum privacy; a beautiful shell driveway leads you to the attached 2-car garage. Completely renovated in late1999 by Buzz Cosgriff. Easy access to Surfside beach and Town
Property is currently 2 oversized lots, one of which has a home on it. Unarguably the Island's finest neighborhood. Access to Steps Beach is a couple of minutes away by foot. Kimball Avenue is a dead end road which insures privacy. A 4 lot ANR subdivision is possible.
Monomoy
Town
$2,195,000
Lovely Pond front home in a very desirable and “beachy” location. Great views from every room in the house. This 4 bedroom, 3.5 bath home enjoys a large south facing deck. There is plenty of room for a guest house or expansion.
Pocomo
$3,745,000
This well built Custom Beach Home has it all, a great construction technique, layout, super views of Wauwinet Harbor and deeded beach access which is 150' away. Wauwinet Harbor is perfect for swimming, boating, kayaking, windsurfing, as well as fishing and clamming.
Town
$1,150,000
A Charming In-Town Home offering several living areas & a lovely private yard. This property is situated on an over sized lot with plenty of room for expansion. Located a short distance to the Lily Pond & Down Town. Strong established rental history.
$7,900,000
$2,650,000
A wonderful renovated home in the Hills of Monomoy on a very private acre. Custom-Built 4 bedroom 3.5 bathroom home featuring a fireplace, a Farmers Porch and a screened-in porch. Ability to build a second dwelling. Monomoy’s best buy!
Nashaquisset
$875,000
Tucked away on a white-shell drive, this well-maintained 3/3 home is conveniently located near the Community Pool and Tennis Courts. Featuring a wonderful South-facing back patio, this home is being offered mostly furnished and is turn-key for easy living.
$2,150,000
Upper Main Street antique home on oversized lot has ample room for expansion. Historic, lovingly-maintained home is filled with details of ages Past. Deep, brick driveway, large side and rear yard, detached garage and separate Shed Equipped with Generator.
Mid-Island
$745,000
Charming, single family home on oversized lot with plenty of room for expansion or second dwelling. Lovely, brick patio.. Mature landscaping, beautiful perennials and garden. Convenient to bike paths, public transportation and nearby Land Bank property.
Town
$998,000
This property has a reduced price of $998,000. Also, if we could change the last two sentences of the write-up to read as follows: Currently, property functions as two, 2 bedroom units which could also be purchased separately as follows: Unit A $475,000; Unit B $525,000.
Mid-Island
$675,000
This adorable 2-bedroom/2-bath cottage was built in 1989 and there is plenty of ground cover available for future expansion. Town sewer available and conveniently located on Appleton Road. Yard has been professionally landscaped and has nice SW exposure.
Lincoln Circle Land Extremely desirable lot within the limits of Lincoln Circle. Easy walking access to Steps Beach, Jetties Beach, Town and the Clubs. $1,399,000 Located on a quiet street in the desirable Cliff Area. Great opportunity to own a “family legacy” property. SALES & RENTALS | www.islandpropertiesre.com | WE CAN SHOW YOU ANY PROPERTY LISTED ON NANTUCKET
ISLAND PROPERTIES 508.228.6999 35A Old South Road, Nantucket Michael O’Mara | Elizabeth Almodobar | Debbie Cleveland | Ed Gillum Hal Herrick | Michael Reilly | Robert Sarkisian | Portia Valero | Harry Fraker-Retired
Harborfront Estate
“En Fin”, the grand Nantucket Waterfront Estate, is one of the islands architectural marvels! No details were spared in the creation of this exquisitely designed gem. Property offers breathtaking views over Nantucket Harbor to town
SALES & RENTALS | www.islandpropertiesre.com | WE CAN SHOW YOU ANY PROPERTY LISTED ON NANTUCKET
199 EEL POINT ROAD,WATERFRONT
7 HUCKELBERRY LANE, DIONIS
This thoughtfully designed and beautifully crafted home blends contemporary lines with a traditional Nantucket aesthetic. Details like recycled volcanic stone flooring, 150 year old reclaimed barn beams, mushroom wood, and custom stone masonry contribute to the character of this unique property. Located on Eel Point with 200' of private beachfront on Madaket Harbor with 2 boat moorings. A front row seat for the island's best sunsets and access to your boat. Four bedroom main house and two bedroom guest house will comfortably accommodate all of your summer guests.
A rare remaining sand-in-your-shoes beach cottage with a great front deck to take in the views and watch the ferry pass. This last vestige of the old “Port of Dionis”sits atop a knoll overlooking the rolling dunes that lead to the beach and Nantucket Sound. Fabulous existing 1st floor views. A genuine beach cottage with excellent rental history. 2 acre lot with an 8 bedroom septic. Room for expansion and new construction.
Exclusive, Jane King & Carolyn Durand $14,900,000
Exclusive, Carolyn Durand $5,975,000
112 WAUWINET ROAD
3 BEACON LANE
78 POLPIS ROAD
14 AHAB DRIVE
It’s the Wauwinet Way!.....Boat, beach and relax all day, right in front of your own sandy shore and your very private hideaway.
This property features stunning views of Sesachacha Pond and Sankaty Light with the ocean on the horizon. Sited on 2.78 acres, this estate has a rose covered, light filled three bedroom main house and a charming one bedroom guest cottage with attached garage.
This retreat features first floor panoramic water views and open living spaces. A comfortable home with a studio and garage are on a one acre parcel,surrounded by over 60 acres of conservation land. This property has approved plans for a new four bedroom main house,two bedroom guest cottage, garage,and possibility of a swimming pool and/or a tennis court.
Open, airy home in desirable Hummock Pond Estates, on large, private, beautifully landscaped lot, backing up to Nantucket Land Council owned land. This property has been well maintained and renovated to perfection. Close to town, beach and all the Cisco extras.
Exclusive, Jane Miller & Meg Ruley $3,249,000
Tri-Exclusive, Jeff Lee $9.500,000
Exclusive, Jeff Lee $3,495,000
Exclusive, Jane Miller $2,200,000
35 LOW BEACH ROAD Contemporary shingle style new construction main house and renovated antique cottage. Half acre lot with 2nd floor ocean views. 4 bedrooms in main house and 4 bedrooms in cottage + HDC approval for pool and patio. Walk to village and enjoy beautiful vista over Low Beach.
Exclusive, Carolyn Durand & Jeff Lee $3,850,000
21 SANKATY HEAD ROAD Sconset Living! This rose covered, oceanfront three bedroom, three and half bathroom home overlooks Sankaty Lighthouse and abuts Sconset Land Trust property. In addition, there is a one car garage and charming studio space with a full bathroom and wet bar!
Exclusive, Jeff Lee $3.750,000
127 MAIN STREET The William Folger Homestead, circa 1795, is a classic antique located on upper Main Street. The property comprises a main house, guest house and "Starfish" with 9 bedrooms in total. The lot is beautifully landscaped and manicured with mature plantings, perennial gardens and stonework. Brick walkway and driveway with room for 3 cars. A wonderful home for all seasons with rich history and period architectural details.
Exclusive, Jane King & Carolyn Durand $4,395,000
58 Main Street Nantucket
508.325-5800 www.leerealestate.com
Jeff Lee, Carolyn Durand, Jane King, Dee Healy, Bob Lang, Jane Miller, Kelly Knight, Meg Ruley, Jenny Goldberg, Lindsley Matthews Royster, Chris Donelan
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Exclusive Listings ~ Great Buys
Do not miss the opportunity to own on Nantucket. This two bedroom two bath condominium is the least expensive unit in this newly developed mid-island location.
Rare opportunity in Sconset! Potential second floor water views from one of Codfish Park's largest land parcels. Pending HDC approved plans.
$365,000
Call for details.
Little Starbuck is the epitome of charm in ’Sconset village. Enjoy this immaculately maintained home with all it has to offer. Three bedrooms and two and a half baths.
A estate setting with an option to build a pool. This beautiful one acre plus lot is moments to Nantucket town. Replete with seven bedrooms, five baths, private decks, roof-walk, finished basement, top of the line kitchen appliances. This property has an outstanding rental history.
$1,895,000
$3,150,000
Chandra Miller, Broker chandram@sconsetrealestate.com www.coffinrealestate.com
508.360.7777
Spring 2010
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of the
the current
ANALYSIS
STATE market
Analysis, observation and interpretation of the Nantucket Real Estate Market Photos by Jordi Cabre
Kara Gibson
Carolyn Durand
Bill Liddle
Baywest Appraisal Group
Lee Real Estate
Great Point Properties
Where is the market right now?
Where is the market right now?
Where is the market right now?
As you know, this market is seasonal, with a majority of sales and listing activity occurring before, during and after the summer season. Marketing time varies seasonally, with less activity in the winter months. Necessary marketing time averaged 11 months for 2008 and remained consistent during 2009. To date, in 2010, there has been a total of 75 transfers (including all properties) with an average marketing time of 305 days. There is an oversupply of inventory in
I like statistics and academics when it comes to market analysis, but generally speaking, I think we've had a lot of healthy correction on Nantucket. The first quarter sales stats show momentum. The April sales kept pace, and there are some good properties under contract now. Sales volume in the first quarter of 2010 was literally 100 percent better than Q1 of 2009. All things being relative that may not speak volumes since 2009 was a rough year, but among the 70 closings were some high
The market has been showing healthy signs of volume recovery. Property values retreated upwards of 25 percent of their highs, and when combined with a large inventory and low interests, it suggests that volume will continue to be healthy. But, with inventory of 578 properties available and likely growing to a level similar to 2009, it is reasonable to conclude that values will remain discounted compared to the peaks. My prediction is that 2011 will be the year that inventories become notably tighter.
See Gibson, page 51 The views and opinions expressed in “State of the Market” interviews are not necessarily those of the Nantucket Association of Real Estate Brokers.
See Durand page 53
Spring 2010
See Liddle, page 55
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PR0PERTIES
SINGLE FAMILY Madaket 6 “C” Street List price: $1,195,000
Bedrooms: 2 Bathrooms: 1 Lot Size: 0.18 acres Listing Office: Nantucket Real Estate
Delightful two bedroom cottage with loft overlooking Hither Creek. There is a one car garage with a wine cellar. Perfect for your summer retreat and enjoying the wonderful Madaket sunsets.
SINGLE FAMILY Town 14 New Lane List price: $1,895,000
Bedrooms: 4 Bathrooms: 3 Lot Size: 0.12 acres Listing Office: Maury People/Sotheby’s
This custom designed home features four bedrooms, and four full bathrooms.The large kitchen also has a butlers pantry with a second microwave convection oven.There are two wood burning fireplaces and a full basement with high ceilings, framed and ready to be finished by the buyer.
5 Great Values TODAY!
SINGLE FAMILY Surfside 21 Boulevarde List price: $1,495,000 SINGLE FAMILY ’Sconset 30B Sankaty Road List price: $2,695,000 Bedrooms: 4 Bathrooms: 5 Lot Size: 0.12 acres Listing Office: Atlantic East Real Estate Located on the edge of ’‘Sconset Village, this Christopher L. Maury designed and constructed home features superb craftsmanship and state of the art amenities.
50 •
Bedrooms: 4 Bathrooms: 4.5 Lot Size: 0.94 acres Listing Office: Island Properties
This cleverly-designed custom home is set back from the road for maximum privacy; a beautiful shell driveway leads you to the attached 2-car garage. The house was completely renovated in late-1999.With easy access to Surfside beach (6/10 mile) and 2.5 miles to town, this property's location is just one of its many wonderful attributes. It has a splendid lawn with mature landscaping; three custom decks provide excellent room for outdoor entertaining. SINGLE FAMILY Town 36 Vestal Street List price: $1,495,000
Bedrooms: 4 Bathrooms: 2.5 Lot Size: 0.15 acres Listing Office: Great Point Properties
A single story in town home several blocks to Upper Main Street.This four bedroom home is tucked in on a quiet side street and features a wonderful courtyard garden and a private terrace that is well suited for outdoor dining.The house was updated in 1999 and has bright and open living spaces and a recently renovated kitchen with granite counters and stainless appliances.
Nantucket Property Journal
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Spring 2010
ANALYSIS
THE CURRENT STATE OF THE MARKET
GIBSON, from page 49
the overall market at this time, which gives qualified buyers more options than they have had during the recent past. The beginning of 2009 was the slowest in decades, with only roughly 65 market value transfers through August. The fall season, however, brought a surge of activity, with 133 transfers (including all properties) during September, October, November and December. At this point, the market is believed to have stabilized after a period of decline that began in 2005/2006. The regional and national economic picture still remains uncertain, and the market is unlikely to rebound until consumer confidence and job losses stabilize along with decreased inventory levels. Once the summer sales season begins, there should be clearer indicators of where the market is headed. Yet, 2010 is off to a much better start than 2009. Construction activity has also had a steep decline. On an annual basis, 2008 saw the
fewest single family building permits issued for any year since building permits were first required in 1972, at 64. This was a dramatic decline from the 127 issued in 2007. During 2009 there were a total of 42 single family permits issued, with 27 of those issued between September and December.
There has been talk recently of signs pointing to a national recovery.What's your take on when we will feel the full and lasting effects of any recovery on Nantucket? As noted above, recovery will likely be slow. Many of the brokers I speak to are cautiously optimistic for the summer sales season.
Tell me about some of the challenges involved with appraising properties today as opposed to, say, three or four
years ago? Is it easier, more difficult? The biggest challenge I face is lack of truly comparable sales. Lenders rules and criteria have become much more strict and specific. These guidelines have become much more difficult to adhere to with the decline in the volume of sales. Along with this challenge, comes being the bearer of bad news with declining property values. I was much more popular when values were increasing.
What kind of properties are selling now? The upper segment of the market seems to be the most active — over $2 million. These are the buyers who are less impacted by the economic challenges so many are facing. The bottom of the market — below $700,000 — has also been active, but unfortunately, this is often due to a struggling homeowner. GIBSON, continued on page 56
COFFIN REAL ESTATE
’SCONSET REAL ESTATE
40 Centre Street, P. O. Box 1881 Nantucket, MA 02554 • (508) 228-1138 www.coffinrealestate.com
Post Office Square, P. O. Box 122 Siasconset, MA 02564 • (508) 257-6335 www.sconsetrealestate.com
SPEC-tacular!!!
LOVELY LOCATION ELEGANT HOME
New spacious home in Naushop eatures 3 master suites,2 additional bedrooms,and 5 1/2 baths.Beautiful custom details throughout and lush landscaping. Three+ floors of living. Plan enables expansion for guests.Listing Agent is MA Real Estate Broker and part-owner.
New 4 bedroom, 3.5 bath home in Pocomo featuring fine building craftsmanship and style. Porch, heated custom Gunite swimming pool and pool house. Stunning water views. Set for September completion.Agent has financial interest.
EXCLUSIVE $1,475,000
BRIGADUNE IN SCONSET
EXCLUSIVE $3,195,000
RELAX AND ENJOY Take advantage of the large back yard with your private pool. This house is situated in a quiet neighborhood not far from beaches or downtown. Lots of large living and relaxing spaces, inside and outside.
Oversized lot allows for major expansion of existing three bedroom, one bath, year round home and garage or build a substantial new home.Additional ground cover is available. Enjoy the peace and tranquility of this location.
EXCLUSIVE $1,725,000
EXCLUSIVE $1,575,000
COTTAGE LIVING
CHARMING ANTIQUE HOME This lovely 3 bedroom, 2 bath home is situated on a quiet side street in Town.Wide pine floors. Enclosed back yard and outside shower. Off-street parking.
Free standing Oak post and beam condo located a short distance to Main Street. This adorable two bedroom,one and one half bath cottage has upscale amenities, including central air, granite countertops, tiled bathrooms. Nice covered porch and fenced in yard. Owner is MA Real Estate Agent.
EXCLUSIVE $1,525,000
EXCLUSIVE $1,079,000
OUR DEDICATED BROKERS & AGENTS Bernie & Carol Coffin: Owners/Brokers, Beth Brooks, Jack Bulger, Barbara Keane Clarke, Michele Cranston, Rob Egan, Ellen Glowacki, Betsy Holden, Erin Lemberg, Paula McAuley, John Merson, Chandra Miller, Nonie Slavitz, Paul Surprenant, Sue Walton, Debbie Willett, Christina Boling
Spring 2010
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This beautiful home, designed by Lyman Perry and built by Ron Winters, has recently been completely refurbished and decorated by an interior designer. On almost 3 acres high in Polpis, the views out over Conservation land are stunning! The main house has 4 bedrooms all en suite, cherry wood floors, central a/c and the guest cottage has 2 bedrooms/2 bathrooms, a full kitchen and there is a 2-car garage as well. Many decks, a wonderful pergola on the back porch and a terraced pathway leads to the guest cottage. Turnkey, furnished and ready for summer living.
Debbie Chatham Cleveland Office: 508.228.6999 x13 • Cell: 508.277.7522 debbie@islandpropertiesre.com
Booster • Car Seat • High Chair • Crib • Pack N Play • Jogger • Stroller • Booster
35A Old South Road, Nantucket
• Car Seat • High Chair • Crib • Pack N Play • Jogger • Stroller •
Petite Travelers of Nantucket is your #1 travel guide to all the activities and vacation needs for kids. Brands carried: Britax, Phil & Teds, Bumbo, McClaren, Combi, Chicco and much more... Equipment is cleaned with Seventh Generation products
Rebecca M Becker 508.221.1081 www.PetiteTravelers.com
Booster • Car Seat • High Chair • Crib • Pack N Play • Jogger • Stroller • Booster
ISLAND PROPERTIES
• Car Seat • High Chair • Crib • Pack N Play • Jogger • Stroller •
Location , Location , Location. . . This beautiful home in the award-winning community of Nashaquisset has a bright, open floor plan. Inside, there are 3 bedrooms, 3 baths, a sunroom and balustrade-enclosed loft and of course, kitchen, living and dining rooms. The master bedroom suite is located on the first floor. Recently re-finished floors, exterior paint and a new roof make this an investment with little to be concerned about in the years ahead. The home is privately located, just off a shell pathway, past beach grass and a picket gate. There is a relatively large, private rear yard with professionally designed, installed and maintained landscape including brick patio and three-tier Koi pond. Nashaquisset clay tennis courts and pool included! This wonderful home is offered at $874,500.00. Comprehensive property management services (incl. professional grounds maintenance, property insurance, weekly winter inspections, etc.) included in quarterly fee.
MyConsultation@Welch-Associates.com Telephone: 508.228.7777 x7 Facsimile: 508.228.7787
ANALYSIS
THE CURRENT STATE OF THE MARKET
DURAND, from page 49
profile properties. By high profile I mean prime locations, water view or waterfront listings that had been visibly on the market for a while. When these transfer prices are published in the paper a lot of people recognize the property and see the sale as evidence that things are moving again. Moreover, the brokers and the active buyers see the trade price, track back to the asking price(s) — original, reduced and for some reduced again — and a “Eureka” moment occurs. They recognize that a particular sale was a good deal. After a couple of these, the buyer psyche starts to shift from the protracted 'waiting for the bottom' to opportunity shopping. While this is a conceptual answer vs. rote market stats, I think the perception of the market is particularly important right now. Unquestionably, the island values have reset and most of us feel there is a lot of value in Nantucket real estate right now. Prices are down a fair 25 percent. In some
locations it is more, while some properties have elements of enduring value that have supported the prices. There are micro-markets on Nantucket, so it does depend on what location or what type of property you are looking at. Overall, the market is moving again, and the new comps lend confidence and pragmatism to both buyers and sellers.
There has been talk of signs pointing to national recovery. What's your take on when we will feel the full and lasting effects of any recovery on Nantucket? A full and lasting recovery — that is a lot to hope for. The Dow recently closed over 11,000, but the macro-economics and monitory policies are going to be hard to navigate for a while. Keeping it local and island-focused, I think our residential market has stabilized, but we still have a lot of inventory to absorb. There is a lot of vacancy in the commercial sector, but how great is it to see island businesses, like
Nantucket Looms, back on Main Street and The Lion's Paw opening in the old Sports Locker space? There are some new businesses opening, and ReMain Nantucket buying a commercial building on Centre Street preserves another prime commercial building downtown. In 2004, we sold 776 properties and the average home was $1.672 million. Last year there were only 300 sales but the average home was still $2.236 million. Year-to-date 2010, the data compiled shows the average home at $1.628 million. Of course, I want to see properties hold value, but I genuinely think a sustainable and lasting recovery for the island comes when there is room in the market for more buyers to afford homes and more vacationers to afford renting. More people on island means more commerce. More home sales leads to more work in the trades, and the wider value spectrum for properties opens the door of possibility to the next generation of Nantucketers. DURAND, continued on page 56
MAIN STREET Nantucket EXCLUSIVE $2,195,000
WONDERFUL ANTIQUE In-Town Location EXCLUSIVE $875,000
Jack Bulger, Broker 508-221-0829 Mobile jackb@coffinrealestate.com www.jackbulger.com
Spring 2010
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BUSINESS DIRECTORY Dalton T. Frazier, Principal Broker 19 Centre Street, Nantucket, MA 02554 508-228-3202 ext. 11 • 508-360-6517 cell 508-228-8756 fax • dfrazier@jpfco.com
Susan Chambers
Jack Bulger,Broker
Broker, Sales and Rentals
508-221-0829 Mobile jackb@coffinrealestate.com www.jackbulger.com
susan@maurypeople.com | maurypeople.com 508.228.1881 ext. 100 office | 508.560.0671 cell Maury People Sotheby’s International Realty 37 Main Street, Nantucket, MA 02554
Sales
•
Rentals
40 Centre Street, Nantucket, MA 02554
Debbie Chatham Cleveland Office: 508.228.6999 x13 • Cell: 508.277.7522 debbie@islandpropertiesre.com
ISLAND PROPERTIES Real Estate Investments
35A Old South Road • Nantucket, MA 02554
J Pepper Frazier II, Principal Broker 19 Centre Street, Nantucket, MA 02554 508-228-3202 • 508-680-6676 cell 508-228-8756 fax • jp2@jpfco.com
Suzi Spring 19 Centre Street, Nantucket, MA 02554 cell: 508-228-8217 • office: 508-228-3202 ext. 22 fax: 508-228-8756 • email: sspring@jpfco.com
Online. Anywhere. Anytime.
INSIDE
Alison@jordanre.com
LINK NANTUCKET
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A list of all properties for sale by area and price
Take at look at our 5 Great Values of the week
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NANTUCKET Page 2
Page 10
Page 15
PROPERTY NEWS Vol. 1 No. 23
A publication of the Nantucket Association of Real Estate Brokers
LNantucket I N K New Listings
March 25, 2010
Our Property
March 9 ~ 22
www.nareb-online.com Nantucket Property Journal Nantucket Property News
$14,900,000 Dionis Eel Point Road 6/6+ Lee Real Estate
$2,950,000 ’Sconset Cannonbury Lane 5/4.5 Boyce Realty
$2,895,000 Town Copper Lane 5/5.5 Atlantic East Real Estate $2,795,000 Cisco Westerwyck Way 5/3 Jordan Real Estate
$2,295,000 Town Centre Street Commercial J Pepper Frazier Co.
$2,295,000 Cliff Crooked Lane 5/3.5 Great Point Properties
$2,195,000 Town Main Street 8/4.5 Coffin Real Estate
New Listings continued on page 12
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Nantucket Property Journal
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Spring 2010
JORDI CABRE
PHOTO
Carl and Alicia Keller moved into their custom-built, Craftsman Era Bungalow-style home on Creek Lane in Madaket nine years ago.“What few things we wanted, we got,” says Carl of the upside down house with big porches and an open area plan.“Even though it was just a dream, it worked out perfectly.” The Kellers moved to Nantucket in 1989 when their older son, Carl, was just a one-year-old.A year later, Noah James was born.These days, the elder Carl works for Cheney Brothers Builders.Alicia is a teacher at the Nantucket Lighthouse School.And as they have in the past, the couple will live on a sailboat in the harbor while they rent out their land-locked home.
ANALYSIS LIDDLE, from page 49
There has been talk recently of signs pointing to a national recovery. What's your take on when we will feel the full and lasting effects of any recovery on Nantucket? I’ve heard the same talk, and I’m cautiously optimistic. As an islander, my main concern is ensuring that the island remains the kind of special community that makes people want to come back for more. For sure, we are on track on this front, and when the economy recovers we will see the kind of spending that our local businesses require to survive. The winter of 2009 was tough for a lot of small local business owners, and the worst is behind us. We may not see the kind of broad based spending anytime soon. But, I think that trades businesses will continue to recuperate, and the restaurants and shops will benefit from growing confidence.
House and Cottage located in Old Historic District of Nantucket Town Easy access to South Beach, the Creeks, Consue Spring, Nantucket Harbor, and Downtown Nantucket. Restaurants, shopping, galleries, newspapers, festivities – all without a car. Oversized lot allows for significant expansion. RC zoning allows for wide flexibility of use. Off-street parking for 2 cars.
Greek Revival Main House Handsome Greek Revival with 4 Bedrooms, 2 1/2 baths. Extensive rehabilitation in 1999 preserved and updated the original main house, and added new kitchen and master bedroom wing. All new heating, plumbing and electrical systems were installed. Original house retains much original architectural detail, a formal entry hall, fireplaces and floor plan. New compatible wing contains the kitchen and master bedroom suite, each with fireplaces, and back stair. Outdoor shower.
What is the state of the rental market? For the most part the rental market is in pretty good shape. For sure, there is a lot more inventory than ever before but rental rates seem to be stable. Prices are not going up or down. I expect a lot of last minute travelers negotiating, but bargaining is not nearly as prevalent as it was a year ago.
What neighborhood(s) do you think is/are undervalued now? What neighborhood(s) do you think best retain its/their value over time? Tom Nevers always strikes me as the best value because the lot sizes tend to be large and offer privacy, and a number of the properties offer enough of a view to remind one they are on an island. I’m not sure if any one area retains value more than another area. This latest recession blanketed the entire island, but Brant Point, Town and Cliff have demonstrated a liquidity that some other parts of the island have not benefited from.
Cottage ~
Recently completed 2 Bedroom , I bath cottage. Open two story floor plan. All appliances. Generous porch opens into a large private yard. Outdoor shower. Approved HDC plans for cottage expansion to 3 bedrooms, 2 baths. Private yard area and outdoor shower.
$1,395,000 Just Reduced!
What kind of properties are selling now? Properties that are unique and/or well-priced. There are so many homes for sale, and the properties that have the best chance of selling are priced competitively relative to comparable homes. Also, if the property is unique (in a good way), it will stand out of the crowd.
Are you seeing any movement in the sale of land, either up or down from previous years? Land sales continue to be slow, probably because the best values continue to be existing home purchases. As the number of homes available for sale diminishes, we will then see more land sales.
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4 Bedroom, 2 1/2 bath home on Pine Street. Much original historic detail still exists, along with original floor plan and back stairs. Large open kitchen opening onto sunny deck. Private fenced yard, off-street parking for two cars. Broker owned.
$1,795,000 Chatfield-Taylor Real Estate 91 Washington Street Ext. Nantucket, MA 02554 Tel: (508) 228-5828 Fax: (508) 825-7520
ANALYSIS
THE CURRENT STATE OF THE MARKET
DURAND, from page 53
What is the state of the rental market? Getting better. The horizon for vacation planning is a lot shorter than it used to be. I remember when I first started with Jeff (Lee) in 1996, and it seemed the majority of people were securing their re-rental in August or September, and we were busy through the fall booking for the next summer. Over time the rental rates elevated with the market, but in the last few years there was more vacancy given the economic climate. Last summer, the agents worked really hard to negotiate rates and actively booked leases into August. I think there was a lot of good dialog with owners and renters, and rates going into 2010 were well vetted. It is nearly impossible to find something for the first 2 weeks of August, but there are still good properties available throughout the summer.
What kind of properties are selling right now? The range of what has sold this year is as varied as the different locations on the island. The Polpis Harbor waterfront property on Top Gale Lane sold for $19.2 million. A fantastic in-Town property on Academy Lane sold for $5.1 million. A house by architect Hugh
Newell Jacobson sold on Morey Lane for $3.2 million. A house on Cliff Road across from Tupancy sold for $2.450 million. A Surfside house on Pequot just closed for $1.9 million. A cottage in Madaket with great views of the harbor sold for $1.2 million. The NLS data cites 84 sales so far this year with an average price of $1.628 million. There have been a number of foreclosures, and again these prices range from $5.9 million in Shawkemo to the $400,000s Mid-Island. There is a good list of properties under-contract, and some good new listings recently on market.
What neighborhood(s) do you think is/are undervalued now? Value is quantitative, but it is also subjective. One of the enigmas of the Nantucket market is why this location has a $/sqft so much higher or lower than another. Zoning and groundcover allowances make that a bit of a Rubik’s cube, but the other dimension is experiential. Nantucket is a 2nd or 3rd home for most buyers, so there is a premium value on the newer builds and turn-key homes. But, I think nostalgia can be a powerful emotion in real estate. For that I think the timeless elements and bucolic charm of ’Sconset are exceptional and undervalued. Likewise, the
old cottages in Madaket are vestiges of another time that was, and is, authentic Nantucket summer living.
What neighborhod(s) do you think best retain its/their value over time? I can keep this one short — Brant Point, Cliff/Lincoln Circle, ’Sconset and Town. Waterfront, water views and walk to water, walk to Town, walk to village.
Are you seeing any movement in the sale of land, up or down, from previous years? Still just a few land sales on record, but the ones that traded were good properties, and the confidence index is rising on land. The slowdown in construction has made this a competitive time for builders, and that translates into better economy for new construction costs. A few good lots made very recent price adjustments and deals came together quickly thereafter. The surplus of inventory in housing stock challenges buyers to find the best value. Where there are some great pieces of land for a fair price, there is room to create new value. It will be interesting to see what buyers choose in the months ahead.
GIBSON, from page 51
What neighborhood(s) do you think is/are undervalued now? What neighborhod(s) do you think best retain its/their value over time? There is not one particular neighborhood that I feel is undervalued. Nantucket’s housing stock is not uniform and values can vary widely in one particular neighborhood. In my opinion, the properties that hold their value best are waterfront properties, due to their scarcity in the market and lack of turnover.
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Are you seeing any movement in the sale of land, either up or down from previous years? In 2009, there were 30 total land sales. To date in 2010, there have been six. Volume of land sales is stable, but prices of land have declined during recent years along with the sales of improved sites.
In Nantucket, it often seems like you can’t go two steps without running into a friendly and familiar face. Nantucket has more than beautiful beaches, perfect sunsets and maybe the best fishing on the east coast- we have some of the best people around. Cam Gammill is one of those people and he understands the Nantucket lifestyle as well as anyone else. He has been a fishing guide for more than 10 years, owns Bill Fisher Tackle, takes his dog Bass on a different walk everyday, coaches hockey, is on the board of the Conservation Foundation, a sailor, a gardener, a proud member of the Angler’s Club (despite what many think, it is in fact the most prestigious club on Island), a veteran of the Vineyard Vines community and most importantly to him, a family man. Cam is also a Real Estate Agent. He feels it is very important match your home with your lifestyle and he would be more than happy to help you. Feel free to be in touch with any questions at all...
GREAT POINT P R O P E R T I E S
Cam Gammill
Sales and Rental Agent Great Point Properties
www.greatpointproperties.com
508-228-2266 o f f i c e e x t. 1 1 508-332-9149 c e l l cam@greatpointproperties.com
A PIECE OF HISTORY ON MAIN STREET EXCLUSIVE $1,250,000
Annie’s Song Exclusive Listing in ’Sconset
CHARMING ON THE CORNER OF PINE STREET $1,995,000
Charming Annie’s Song has been lovingly maintained throughout the years. Annie’s Song is a cheerful sunny yellow three bedroom property with a private backyard, fireplace, wide pine plank floors, and a solid rental record. This sweet little lady on 'Sconset Avenue is being sold completely furnished and is definitely worth a second glance by anyone interested in purchasing a “turn key” property in ’Sconset. $1,150,000
SERVING NANTUCKET ISLAND OFFICE: 508-257-9698 • FAX: 508-257-9794 EMAIL: ndelker@comcast.net • WEBSITE: www.edithdelkerrealestate.com 27 STONE POST WAY, Box 790 • Siasconset, MA 02564 Edith Delker, Realtor
Jack Bulger, Broker 508-221-0829 Mobile jackb@coffinrealestate.com www.jackbulger.com
Craig Hawkins Broker 37 Main Street, Nantucket Island, MA 02554
Phone: 508-228-1881 ext. 119
Beautifully restored in-town antique on an oversized, corner lot. Everything has been replaced; foundation, plumbing, electrical, roof, shingles, fireplaces, etc. All original moldings, flooring, mantels saved, stripped and refinished. Large yard, garage with storage/work area, off street parking. A beautifully restored home with all of the amenities in a most convenient location.
$3,875,000
craig@maurypeople.com
A wonderfully private, secluded property in Polpis overlooking a hundred acres of conservation land to Nantucket Harbor, Coatue and beyond. New, beautifully designed five bedroom/6.5 bath home of the finest quality construction, hardware, finishes and appliances. Only an eight minute drive to town, this unique property comes with two boat moorings and is close to harbor beaches. Room for expansion, garage and pool. $6,950,000
This new home in Polpis features a fantastic floor plan and finishes of the highest quality in one of Nantucket’s most private and serene locations. A must see for the discriminating buyer with appreciation for detail and quality. There is 8,650 sq ft of living space and more than 150 adjacent acres of conservation land with flooded cranberry bogs and miles of walking trails. Two car garage, pool, Russound stereo system with in wall touch-pads throughout; 2 central vacuum systems and much more. $4,989,000
Four bedroom/two bath home in the historic district on desirable Lily Street, with access to the Lily Pond Conservation Land directly across the street. Separate one bedroom cottage and detached two car garage. Large patio and private yard/garden.
Nicely renovated antique with exceptionally large back yard and beautiful landscaping. Three finished floors plus basement and a wonderful floor plan for families and large groups. Fantastic, bright kitchen with French doors leading to patio and yard. Two off-street parking spaces.
Beautifully designed, spacious home with views of Hummock Pond, Sanford Farm/Ram's Pasture and the Ocean. Excellent, open floor plan, good separation between bedrooms, two covered porches, second floor deck and large yard. Deeded access to the pond across the way from the property and a quick walk down to Cisco beach.
$4,465,000 Incredibly well executed restoration of a classic, bungalow style beach house with open, full length, covered porch. New guest cottage just steps away. All materials of the very highest quality both inside and out. Walk to Children's Beach, Town, The White Elephant, Brant Point and Jetties Beach.
$4,100,000
$2,195,000
$3,475,000 Completely restored in 2007 this historic, in-town home was originally built in the late 1700s. The restoration was masterfully done incorporating the original exterior architectural integrity with every possible convenience on the interior. The lot is oversized affording a patio and yard of generous proportion and there are 4,250 square feet of living space in the house.
$2,975,000
®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated, Except Offices Owned And Operated By NRT Incorporated. Information contained herein is believed to be reliable but is not guaranteed.
Craig Hawkins Broker 37 Main Street, Nantucket Island, MA 02554
Phone: 508-228-1881 ext. 119
Beautifully restored 1747 antique home on desirable Cliff Road, just a five minute walk into town. LI W Many original features intact NE including four fireplaces, wide pine flooring, moldings and raised paneling. Spacious common areas and living spaces. Kitchen and baths totally remodeled. Magnificent, private yard and gardens, and covered dining patio. Wonderful views of Nantucket Sound, Brant Point Lighthouse and Town from roof walk. Two off-street parking places. $5,275,000
NG STI
One of the most spectacular locations on Nantucket, nestled in the dunes on the haulover with incredible views in both directions. Walk out the front door to the beach or down the driveway to the harbor and boat moorings. Enjoy beautiful sunrises and sunsets.
$12,900,000
craig@maurypeople.com
The quality and finish work throughout this property is exceptional and absolutely must be seen to be appreciated. This incredible main dwelling offers several living areas and views out over abutting conservation land. Studio/pool house, home theatre, wine cellar and family/game rooms and arts and crafts room for the kids. There are five wood burning masonry fireplaces, mahogany wet bar and two laundry rooms, and additional amenities too numerous to mention. $10,800,000 Completely restored antique on one of the more sought after streets in the center of the Historic District. All four bedrooms have en-suite baths and there is a generous amount of common living space in the open, first floor. And there is a small yard, parking, and brick patio for outdoor living and dining.
$3,475,000 Authentic, tastefully restored and decorated Main Street home, located at the corner of Main and Bloom Streets. This historic property features most of the original and wonderful details and materials: wide pine flooring, mantels, raised paneling, wainscoting and fireplaces. A very special house in one of the more desirable locations in the Town of Nantucket.
$3,350,000
Secluded in Quaise at the end of a sandy road, this quintessential beach property offers harbor views and deeded beach and mooring access just across the lane. The house has been tastefully renovated yet still feels like a wonderful Nantucket cottage. A large garage with studio and bath above was added approximately 10 years ago. The yard is enclosed with 6’ privet for total privacy.
$2,775,000 Fabulous compound in Pocomo on three acres with four bedroom main house, large two bedroom guest house, separate two car garage with studio apartment above, pool and beautiful gardens. All three buildings are perfectly sited on the property affording total privacy. Absolutely no expense spared on the materials and quality of this wonderful estate property.
Unbelievable in-town restoration on a very quiet street, one block from Main. Absolutely no expense spared; new foundations, electrical, plumbing, state of the art heating and air conditioning system, appliances, fixtures, etc, etc… Large, wonderfully landscaped yard.
$4,550,000
$4,750,000 ®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated, Except Offices Owned And Operated By NRT Incorporated. Information contained herein is believed to be reliable but is not guaranteed.
NANTUCKET ASSOCIATION OF REAL ESTATE BROKERS Atlantic East Real Estate 508-228-7707 5 N. Water Street Nantucket, MA 02554 office@atlanticeastre.com www.atlanticeastre.com
Bamber Real Estate 508-228-1416 159 Orange Street Nantucket, MA 02554 bamberre@nantucket.net www.bamberrealestate.com
Bennett Witte Real Estate 508-269-3309 PO Box 1176 Nantucket, MA 02554 sbwitte@nantucket.net
NAREB DIRECTORY
Cooper Shepherd Associates 508-228-5668 44 Centre Street Nantucket, MA 02554 info@coopershepherd.com www.coopershepherd.com
Country Village Real Estate 508-228-8840 12 Straight Wharf Nantucket, MA 02554 nantucket@countryvillagere.com www.countryvillagere.com
David Webster & Associates 508-228-5066 44 Madaket Road PO Box 1109 Nantucket, MA 02554 caroleanddavid@earthlink.net
J Pepper Frazier Co. 508-228-3202 19 Centre Street Nantucket, MA 02554 office@jpfco.com www.jpfco.com
Jordan Real Estate 508-228-4449 8 Federal Street Nantucket, MA 02554 info@jordanre.com www.jordanre.com
Killen Real Estate 508-228-0976 10 Easy Street PO Box 1166 Nantucket, MA 02554 www.killenrealestate.com
Pro Buyer Associates 508-228-7500 77 Sparks Avenue Nantucket, MA 02554 royflanders@gmail.com www.probuyer.com
Roger L. Seitz & Associates 508-325-5656 36 Friendship Lane Nantucket, MA 02554 roger@nantucket.net www.rlsre.com
Royal Colley Real Estate 508-228-4005 52 Tennessee Avenue PO Box 2330 Nantucket, MA 02584 marjoriecolley@yahoo.net
Blue Water Real Estate 617-899-1401 21 Broad Street Nantucket, MA 02554 nesbittinn@comcast.net
Boyce Realty 508-257-6962 PO Box 453 Siasconset, MA 02564 dboyce@nantucket.net www.boycerealtynantucket.com
Chatfield-Taylor Real Estate 508-228-5828 91 Washington Street Ext. PO Box 1881 Nantucket, MA 02554 moncurect@chatfield-taylor.com www.chatfield-taylor.com
Denby Real Estate 508-228-2522 The Gallery @ 5 N. Water Street Nantucket, MA 02554 admin@denby.com www.denby.com
Edith Delker Real Estate 508-257-9698 27 Stone Post Way PO Box 790 Siasconset, MA 02564 ndelker@comcast.net www.edithdelkerrealestate.com
Figurehead Realty 508-228-4495 26 Milk Street Nantucket, MA 02554 dougruh@comcast.net
Coffin Real Estate 508-228-1138 40 Centre Street Nantucket, MA 02554 office@coffinrealestate.com www.coffinrealestate.com
Congdon & Coleman Real Estate 508-325-5000 57 Main Street PO Box 1199 Nantucket, MA 02554 office@congdonandcoleman.com www.congdonandcoleman.com
508-325-5090 28 Centre Street Nantucket, MA 02554 jdresser@landvest.com www.landvest.com
Lee Real Estate 508-325-5800 58 Main Street Nantucket, MA 02554 office@leerealestate.com www.leerealestate.com
Maury People Sotheby’s International Realty 508-228-1881 37 Main Street Nantucket, MA 02554 info@maurypeople.com www.maurypeople.com
‘Sconset Real Estate 508-257-6355 Post Office Square PO Box 122 Siasconset, MA 02564 www.coffinrealestate.com
Tea Rose Realty 508-228-7719 22 Golfview Drive PO Box 19 Nantucket, MA 02554 www.tearosenantucket.com
Vaughan Machado Real Estate 508-228-5062 5 Sesapana Road PO Box 1095 Nantucket, MA 02554 vaughanmachado@comcast.net
Great Point Properties 508-228-0890 1 North Beach Street Nantucket, MA 02554 info@greatpointproperties.com www.greatpointproperties.com
Compass Rose Real Estate 508-325-5500 137A Orange Street PO Box 935 Nantucket, MA 02554 cynthia@compassroserealestate.com www.compassroserealestate.com
LandVest
Nantucket Real Estate 508-228-2530 15 North Beach Street Nantucket, MA 02554 info@nantucketrealestate.com www.nantucketrealestate.com
Island Properties 508-228-6999 35A Old South Road Nantucket, MA 02554 office@islandpropertiesre.com www.islandpropertiesre.com
Islandwide Realty 508-228-6396 PO Box 987 Nantucket, MA 02554 kenneth.lindsay@comcast.net
Welch & Associates Inc. RG 508-228-7777 7 Nashaquisset Lane Nantucket, MA 02554 steph@welch-associates.com
Westbrook Real Estate Osprey Real Estate 508-228-7890 PO Box 955 Nantucket, MA 02554 ospreyrealestate@comcast.net
Preferred Properties 508-228-2320 76 Easton Street Nantucket, MA 02554 brokers@preferredpropertiesre.com www.preferredpropertiesre.com
508-257-6206 PO Box 262 Siasconset, MA 02564 office@westbrookrealestate.com www.westbrookrealestate.com
Windwalker Real Estate 508-228-9117 12 Oak Street Nantucket, MA 02554 info@windwalkerrealestate.com www.windwalkerrealestate.com
Massachusetts has a mandatory licensee-consumer relationship disclosure that will be provided to you, the consumer, by the real estate agent that you choose to work with. Please make sure to complete this July form with your broker, so that agency is disclosed. 2009 • Nantucket Property
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