NAREB Journal August 2010 by NAREB

NANTUCKET PROPERTY JOURNAL A publication of the Nantucket Association of Real Estate Brokers

August/September 2010 â&#x20AC;˘ Vol. 2 No. 3

WHERE GREEN MEETS BLUE.... ....JUST STEPS FROM MAIN STREET

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NANTUCKET A Publication of the Nantucket Association of Real Estate Brokers

Vice President Ken Beaugrand Past President Penny Dey Treasurer Bernie Coffin Secretary Dalton Frazier

6 Healthy Ocean, Healthy Economy On Nantucket, our dependence on the ocean goes far below the surface.

Members at Large Kenneth Lindsay & David Boyce

Editor Don Costanzo Contributors Rob Benchley Jordi Cabre Dominic Costanzo Chris Edmonds Carlyn Iverson

49 State of the Market

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 Paul Galschneider

Artist Paul Galschneider was born in Czechoslovakia and raised in Austria. After spending time in Colorado and New Jersey he discovered a place that reminded him of his European roots –– Nantucket –– where he has lived and painted for the past 17 years. Galschneider’s work reflects the contrasts of his life, projecting strong emotion in a wide range of styles. Best known for his large, Impressionistic canvases using impasto to portray dramatic skies and choppy seas, the work of this Nantucket artist also includes dark-hued, mysterious interiors of antique houses, exuberant florals reminiscent of Van Gogh, and evocative Expressionist works. Galschneider paints en plein air, as well as at his studio at 14 Atlantic Ave, and now at his new gallery at 23A Old South Wharf. His work is also on display at J Pepper Frazier, 19 Centre St., and Even Keel Cafe 40 Main St. www.Paulgal.com — pagalack@aol.com

ADVERTISER INDEX

Distribution Ken Turgeon

2 Christopher’s Home Furnishings 3 Harborview Place 4 Windwalker Real Estate 14 Islandwide Realty 16 Nantucket Real Estate 20 AtlanticEast Real Estate 27 Heidi Drew 28 Penny Dey 29 Michael Angelastro 30 Congdon & Coleman Real Estate 34 Mimi Huber 36 Marybeth Gibson 38 Linda Bellevue 40 Compass Rose Real Estate 43 Coffin Real Estate 44 Maury People/Sotheby’s 46 ACK Broker 47 Westbrook Real Estate 48 Chandra Miller 50 Bamber Real Estate 52 Nantucket Preservation Trust

Real Estate insight and analysis

53 54 54 55 56 58 59 60 62 64 68 71 76 78 78 78 79 79 80 80 80 82

Country Village Real Estate Boyce Realty Welch & Associates Inc. RG Gary Winn Great Point Properties Chatfield Taylor Real Estate Bill Liddle Cooper Shepherd Real Estate Lee Real Estate J Pepper Frazier Co. Killen Real Estate Jordan Real Estate Island Properties Bennett Witte Real Estate AB Norton Fine Homebuilding Dan Barber Mary Malavase Debbie Willett Debbie Clevelend Denby Real Estate Edith Delker Real Estate Craig Hawkin

August 2010

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C O N T E N T S

President Bill Liddle

F E AT U R E S

PROPERTY JOURNAL

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The sea, once it casts its spell, holds one in its net of wonder forever. — JACQUES YVES COUSTEAU

HEALTHY

OCEAN HEALTHY

ECONOMY

The passing of a squall off Wauwinet marks the spot where the beach, the Atlantic and a rainbow come together.The angler is casting for striped bass.

ROB BENCHLEY PHOTO

From the whaling ships of centuries past to the scallopers of the present, Nantucketers have long hauled their livelihoods from the ocean. In the age of tourism, dollars wash ashore with visitors eager to enjoy the island’s character – along with its shops, restaurants, inns, boutiques, golf courses and, certainly, its expansive sandy beaches.

The sea, once it casts its spell, holds one in its net of wonder forever. — JACQUES YVES COUSTEAU

HEALTHY

OCEAN HEALTHY

ECONOMY

The passing of a squall off Wauwinet marks the spot where the beach, the Atlantic and a rainbow come together.The angler is casting for striped bass.

ROB BENCHLEY PHOTO

For whatever we lose (like a you or a me), it’s always our self we find in the sea. — E.E. CUMMINGS

Low tide in Nantucket Harbor; a nursery for sea life — and discovery.

BY CHRIS EDMONDS PHOTOGRAPHS BY ROB BENCHLEY

antucket is as tied to the ocean as the ocean is to it. The bond is indelible and intrinsic. The ocean dictates the island’s survival, not only in its waves and currents and storms eroding or adding to Nantucket as a landmass, but also in the way it supports the island as a viable place to live, work and visit. Trying to separate the two or encapsulate their relationship pose massive tasks. But there are ways to look at the interdependence of the one and the other, and generally the answer seems to be that a healthy ocean makes for a healthy Nantucket, and the health of Nantucket contributes greatly to the health of the waters that surround it.

Overall — according to Sarah Oktay at the UMass Boston’s Field Station Nantucket — the island’s ocean waters are in “pretty good shape.” While there’s room for improvement in Nantucket Sound and the harbor, Nantucket’s area of ocean ranks ahead of the rest of the United States’ and the world’s, the chemical oceanographer said. Still, the ocean around the island may be resilient, but it isn’t bulletproof. “We’ve got a pretty robust ecosystem here that can handle some mistreatment. In human terms, it’s not a baby, but it’s not a Marine (military) either. It’s more like a young adult,” Oktay said. And the marine environment is called upon to face up to challenges. Nutrient loading is a problem, particularly in the harbor, Madaket and elsewhere, but the town has taken preventative steps to combat the degradation of the water. Septic system management and storm water remediation projects figure prominently in the fight to keep water quality high. “We have to keep doing everything we’ve been doing to ensure water quality doesn’t degrade,” Harbor Master Dave Fronzuto said. The alternative — doing less — could put Nantucket in jeopardy of encountering a crisis similar to those that have hit Cape communities, such as Falmouth and Chatham, both of which have launched sewage collection projects recently with price tags in the hundreds of millions of dollars. “Whoever our forefathers were who put in our sewage collection system were way ahead of their time,” Fronzuto said. “Because of them, we’ll never end up like Falmouth or Chatham.” While that may be, boat captain and naturalist Blair Perkins has witnessed the effects of nutrient loading, specifically the increase in algal blooms, which rob marine life of sunlight and oxygen, and the up-tick in heavy metal concentrations in oceanic fishes. The onus, he said, is on us to address environmental trends.

“No one can say they’re irreversible,” said Perkins, who owns and operates Shearwater Excursions. “But it depends on our habits as a human race.”

ECONOMIC DRIVER With premium placed on public access to beaches, the opportunities to partake of the island’s sands are expansive. So, too, are the activities available once one reaches the shoreline and gets out onto the water. Recreationally, visitors and residents partake in boating, sailing, fishing, swimming, beach walking and combing, seal cruises and whale watches, surfing, windsurfing, kiteboarding and more. Ecotourism, on the increase seemingly everywhere, is no stranger to Nantucket. Perkins collaborates with the Maria Mitchell Association to offer seal cruises and whale watching ventures. The excursions include an educational component, with a Maria Mitchell naturalist joining the outings. “This is a classroom on a boat,” Perkins said. “We talk about water quality, ecology and geology in a very open forum. We try to give people the most education in the shortest amount of time.” Beyond tourism and recreational pursuits, the island’s waters continue to support local businesses and residents through traditional means. The scalloping industry, for example, is worth up to $3.5 million annually to the island’s economy, Fronzuto said. “Those are big dollars in the middle of the winter,” he said. On average, the town issues about 150 scalloping licenses a year, but in hard economic times, the number of licenses can reach over 400. Again, a healthy ocean supports a healthy economy. “When times are tough, what are people going to do to feed their families? They’re going to fish,” Fronzuto said. “That’s why it’s so important to maintain our water quality.” Continued on page 12

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August 2010

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For whatever we lose (like a you or a me), it’s always our self we find in the sea. — E.E. CUMMINGS

Low tide in Nantucket Harbor; a nursery for sea life — and discovery.

BY CHRIS EDMONDS PHOTOGRAPHS BY ROB BENCHLEY

“No one can say they’re irreversible,” said Perkins, who owns and operates Shearwater Excursions. “But it depends on our habits as a human race.”

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NANTUCKET’S MARINE LIFE What lives in our waters?

Illustration by Carlyn Iverson

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Descriptions (page 13) compiled by Dominic Costanzo

NANTUCKET’S MARINE LIFE What lives in our waters?

Illustration by Carlyn Iverson

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Descriptions (page 13) compiled by Dominic Costanzo

Winter gulls rise up over crashing waves while feasting on winter krill in the rich waters off Low Beach in 'Sconset

‘HARD’ NUMBERS Accounting for how much the ocean directly and indirectly influences Nantucket’s economy seems more suited for the anecdotal – unless you’re a Ph.D. candidate or a number cruncher at an economic policy think tank. But data is available. The Nantucket Planning and Economic Development Commission and the Chamber of Commerce together in 2001 pursued a re-examination of a 1993 base study of the island’s economy. The result – “Monitoring the Nantucket Economy” – was published in June 2002 and provides insight into the size Nantucket’s economic character. According to the report, Massachusetts reported earnings in 2000 of about $151.4 billion, with Nantucket making up 0.159 percent of the total. Earnings, according to the report, are “the total earned income generated by the economy, including wages and other sources of business income.” Do the math, and in dollars, Nantucket’s earnings in 2000 totaled about $241 million. Another vantage yields another figure. RKG Associates, which prepared the study, takes the state’s gross domestic product and computes a “gross county product.” RKG estimates that Nantucket comprised about 0.172 percent of Massachusett’s GDP in 2000 of $285 billion. That gives Nantucket a GCP of about $489.5 million. Those figures, however, trail the island’s current situation, said

Andrew Vorce, director of the town’s Planning Office. “The economy has certainly grown since 2000,” he said, even taking into account the nationwide downturn of recent years. He said as well that indications suggest the hospitality sector, at least, is this year far ahead of the figures from the same time in 2009. “It seems, certainly anecdotally, that things are coming back, for example in the sense that there’s more traffic this year,” Vorce said. “We’re also hearing mixed things about rentals, which seem to be highly price-dependent.” Phil Osley Sr., who has owned The Sunken Ship on Broad Street since 1975, has his own anecdote about how much of the island’s economy owes itself to the ocean: “It’s got to be close to 90 percent,” he said. The Sunken Ship, a gift store and dive shop, does much of its business during the peak summer months and caters to the ocean-going crowd. A clean ocean is good for Osley’s line of work. “Our beaches are just gorgeous. You can always find a place to park, an you can just go out on the beach and have a great time and the water’s clean. That’s the draw for tourists,” Osley said.

FUTURE IN COMMON Just like their past and present are tied, so, too, are the futures of Nantucket and the ocean linked. Maintaining a viable economy and a clean body of water are no small undertakings, but Continued on page 14

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Blood Ark: Can be found attached to shells, rocks, or other objects. Commonly found in intertidal and subtidal zones. Black Sea Bass: Common in the summer season may migrate off in colder months. Is a bottom feeder, eats shellfish, crabs, small fish, lobsters, and shrimps.

NANTUCKET’S MARINE LIFE DESCRIPTIONS

Compiled by Dominic Costanzo

Striped Bass: A coastal fish which is most commonly found close off shore or in rivers. Accurate when feeding, feed on smaller fish and invertebrates.

Blue Mussel: Commonly found in the intertidal zone in rocky areas, usually attached to bstrates. These mussels are exposed to extreme conditions such as freezing temperatures in the winter and intense heat in summer showing that they are very enduring .

Encrusting Bryozoans: Colony made up of individuals, found in either flat or ruffled form. Many species of Encrusting Bryozoans exist on our island and may be identified by a microscope.

Hard shelled clam: Highly common in intertidal and subtidal zones and can be found buried in sandy or muddy bottoms. Soft-Shelled Clam: As with hard shelled clams are common in subtidal and intertidal zones. Can be found in mud usually with a hole leading to its siphon.When under pressure soft-shelled clams will use their foot to dig. Common Razor Clam: Found buried in the mud at or below the tide line.The foot of the clam can extend up to half of its shell length meaning that this clam has excellent digging skills. Atlantic Cod: Can be found between approximately 36 and 120 feet in offshore shelfs. Mostly feed on mollusks and other fish. Leidy’s Comb Jelly: Most common in summer and early fall, found in shallow waters.These comb jellies are often mistaken for jellyfish but cannot sting. Black fingered mud crab: Very common intertidal species that can be found in the eelgrass, on pilings, and buried in the mud of marine and estuarine waters.There are four species of black fingered mud crab in our area. The species can be determined by the shape of the black markings on the cheliped (claw). Blue Crab: Found in estuarine and fresh water of the subtidal and intertidal zones.A very aggressive crab that scavenges for its food.A soft shell crab is actually a blue crab that has recently molted.

Full-Size illustration on pages 10 & 11 shells on sandy bottoms off of beaches. Once a hermit crab grows out of its shell it must find a new one to move into. While trying to find a new shell to grow into hermit crabs are vulnerable because of the hermit crabs soft abdomen. Mole Crab: Frequently found on ocean beaches with their body pointing away from the water.As with horseshoe crabs mole crabs are not true crabs. Rock Crab: Can be found at depths of up to 2600 feet in rocky and sandy subtidal habitats. The rock crab is aggressive and packs a powerful pinch that can be painful, scavenges for its food. Spider Crab: Can be found clinging to eelgrass or seaweed subtidal or intertidal zones. Scavenge for their food also called a decorator crab because it “decorates” its body with objects found in the ocean, mainly algae. Cunner: One of the most familiar fish in New England and is a year around resident. Most usually found in rocky areas around wharfs and pilings. Can be found in groups near their rocky habitats, usually have aggressive behavior. Smooth Dogfish: Dwells on the bottom offshore. Has a diet consisting of mainly squid and large crustacea. Spiny Dogfish: Commonly found dwelling on soft bottoms offshore. Its name is derived by the spines on its dorsal fin which are used for defense. Preys on shrimp, fish, worms and crabs.

Fiddler Crab: Found in burrows that are holes in mud flats and marsh banks.

Eelgrass: A common plant that plays a very important role in Nantucket’s marine eco system by providing shelter for prey and other marine life as well as reducing erosion by cushioning wave action and securing sediment on the sea floor. Found in shallow waters of protected bays and harbors.

Green Crab: Common intertidal and subtidal species that can be found buried in the sediment or clinging to seaweed or sea grasses of marine and estuarine waters. An invasive species that was first introduced from Europe to the eastern United States in the early 1800s.

Summer Flounder: Seldom seen on Nantucket with the greatest chance of being seen during the warmer half of the year (spring and summer) close inshore. Its diet consists of small crabs and other crustaceans. Eyes are on the right side of the flounders head unless new born.

Horseshoe Crab: Common species of the intertidal and subtidal zones and may be found buried in the sand. Horseshoe crabs are not actually true crabs.

Winter Flounder: A common year-round resident that can be found inshore on sandy bottoms as well as in eelgrass beds.A bottom dweller that eats smaller fish and mollusks . Eyes are on the left side of the flounders head unless new born.

Japanese Shore Crab: A common species that has been found on rocks and pilings. This crab is an omnivore that scavenges for its food. The species was introduced in the late 1980s from the west Pacific. Lady Crab: Can be found burrowed in the sand at shallow beaches. Lady crabs are very aggressive and will bury themselves in the sand with only their eyes above ground, if disturbed they will jump out and attack or scare away what has disturbed them. Long-Clawed Hermit Crab: A common subtidal species that makes its home in abandoned gastropod

Northern Lobster: Can be found living in crevices and rocky areas in the subtidal zone. To feed this lobster catches live pray in its claws. Mummichog: Plentiful year-round resident that can be found near sheltered shores over eelgrass beds and other vegetation. An omnivorous feeder meaning that it eats both plant and animal matter.

Bluefish: Very common in summer but will migrate offshore and southward in the winter season.

Spotfin Butterflyfish: Unusual summer resident which is brought to Nantucket by the Gulf stream. Its diet consists of coral, sea anemones, worms and algae.

Striped Killifish: Largely common year around resident that can be found in estuaries, bays, coastal marshes and regularly open beaches.An aggressive feeder that will eat mollusks crustaceans and smaller fish.

Lions Mane Jelly: A common species that can be found in bays, harbors, and the ocean during the summer and early fall.These jellyfish eat plankton and small fish. Moon Jelly: Common from summer to early fall they are the most common jellyfish found in Nantucket Harbor. Feeds on Plankton. Leidy’s Comb Jelly: Commonly found in dense groups in shallow water from summer to early fall. They eat plankton.

Northern Puffer: A common species that is found most often in the late summer. Feed on small crustaceans as well as invertebrates such as mollusks crabs and urchins. Sometimes attacking larger crabs and hard shelled invertebrates in groups. Bay Scallop: Adults are commonly found in eelgrass beds acting as bottom feeders, the juveniles attach themselves to eelgrass or other objects to keep from being covered or buried in sediment. These scallops ,as with other scallops filter feed using gills. They will eat algae and other microscopic organisms, such as plankton. Scup: Common inshore resident that can be found from May to October. They make their home along break waters, jetties, and pilings. Scup are bottom feeders that prefer to eat crustaceans but will eat almost anything. Common Shore Shrimp: A plentiful intertidal species that can be found attaches to a substrate such as codium or eel grass.Their organs can be seen as a result f their translucent body. Sand Shrimp: Are a very frequently found bottom dwelling species that can be found in the intertidal and subtidal zones. As a way to camouflage these shrimp can change from being translucent to being dark brown in color. Common Slipper Shell: A commonly found gastropod that can be found in the intertidal and subtidal zones or washed ashore with algae attached to their shell. These slipper shells are filter feeders and undergo sex change depending on position in its stack. Atlantic Silverside: An abundant year-round resident that is always found along the coast on sandy or gravely beaches as well as eel grass beds. Silversides are one of the most abundant species on Nantucket that will school in groups of individuals of equal sizes. Fourspine Stickleback: An abundant species that can be found on Nantucket throughout the year in salt marshes and eel-grass beds. Males will build nests composed of plant matter used to house eggs produced by females. Threespine Stickleback: A common year-round resident that can often be found in weedy waters or, occasionally in floating vegetation offshore. Males build elaborate nests in which several females may deposit their eggs. Tautog: Found in salt water from Nova Scotia to Georgia. It lives along the bottom, in and amongst rocks, wrecks, mussel beds, bridge pilings or other bottom features. Channeled Whelk: Found from Massachusetts to Florida, Channeled Whelks prefer sandy, shallow, intertidal or subtidal areas, and can be common in these habitats. They tend to be nocturnal and are known to eat clams. Clam Worm: The Clam Worm is a swift and voracious predator, feeding on other worms and invertebrates, carrion, and certain algae. It has a keen sense of smell and in captivity can readily locate bits of fresh clam meat.

Source for Descriptions: A Field Guide to the Marine life of Nantucket, Maria Mitchell Association

August 2010

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the mechanisms appear to be in place to ensure both continue in their mutually beneficial relationship. Maintaining water quality standards will persist as key factor in the ocean’s health. It’s a job that Fronzuto, his staff and others take seriously. “We’ve got to a viable fishery that can help support the community,” Fronzuto said. “And we’ve got to protect the reasons people come to Nantucket, like swimming and recreation. We’ve had this focus since the last 1980s. We realized back then how important water quality is to us.” The health of marine life will also continue to be critical to the island’s economy. And there’s been good news on that front recently, with an upswing in the striped bass population following years of regulations, according to Perkins. His hope is that bluefish will rebound from regulations of their own. Fishing for a living may be hard work, but it’s possible if you’re dedicated. “There are a pocket of tenacious commercial fishermen here who can sustain themselves,” Perkins said. “If you’re hardy and if you’re persistent, you can make a living fishing.”

P.O. BOX 987, Nantucket, MA 02554

As times have changed and tourism has taken the lead in driving the local economy, Nantucket has seen the arrival of socalled “ecotourism,” a brand of the tourist industry concerned with sustainable and environmentally sensitive practices. According to Perkins, Shearwater Excursions is the island’s only outfit to offer ecotourism alternatives to visitors and residents. He doesn’t, however, expect to be alone in the field forever. “No one fills a niche alone for long,” he said. “If other people see it’s a good, they’ll be on it.” And that may not be a bad thing in the long run for Nantucket and its ocean, both in terms of the economy and in fostering a greater sense of stewardship for nature. Making people aware of the fragility of the marine environment is a big step in protecting a precious resource, Perkins said. “There’s nothing better than educating people to protect the environment,” he said. “When people are informed about a catastrophe looming, it makes them want to do something about it.”

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The Argo Merchant spilling its heavy fuel oil into rough, On Dec. 15, 1976, the oil tanker Argo ger closer to Nantucket, although a study 10-foot seas, 29 miles southeast of Nantucket. Merchant ran aground and broke apart by Environmental Research Consulting NOAA PHOTO some 29 miles southeast of Nantucket. for as part of the project’s environmental The vessel spilled 183,000 barrels – or impact study suggests that the likelihood 7.7 million gallons – of oil into the of a fuel spill in the Sound from the turocean. Nantucket, however, was spared bines isn’t severe. A worst-case scenario, from disaster due to the prevailing winds according to the study, involves an oil spill and ocean currents that pushed the spill of 68,000 gallons – an event the report away from the island and not toward it. terms “extremely unlikely.” The report “That’s not to say it didn’t kill a whole also states that over the first 30 years of hell of a lot of organisms,” boat captain the turbine operation, “here are likely to Blair Perkins said, “but we’ll never know be fewer than two spills associated with the full impacts of the spill.” the presence of the facility itself. There is Were disaster to strike the island’s a 90 percent chance that this spillage waters, Nantucket has procedures in would involve less than 50 gallons.” place to battle back. The town’s Marine Further, the report concludes that, over and Coastal Resources department has those 30 years, there is only a 1 percent formulated an oil pollution response polchance that a spill would involve more icy to handle such problems. The plan calls for MCR to be the first than 10,000 gallons and a probability of less than one in a million that responders, and in the case of a significant event, notification would be 68,000 gallons would be spilled. sent immediately to federal, state and local response agencies. As for the Argo Merchant, Perkins, who has decades of experience “We’re extremely prepared,” Harbor Master Dave Fronzuto said. as a commercial fisherman, naturalist and owner of Shearwater “The core staff here is made of former Coast Guard people. We’ve all Excursions, says Nantucket was spared catastrophe in 1976. Oil headdone this for a living.” ing to shore would likely have harmed mussel and clam beds, flounder Spills of any size draw action from MCR, whose workers use oil populations and beaches, to name a few. booms and absorbent pads to control and cleanup spills. According to “If the situation had been different, if there’d been southeast winds Fronzuto, the department deals with an average of one incident a day with a dropping tide, more than likely we would have had oil on the during the summer. Some days, he said, three or four incidents are beaches, at least in the form of tar balls.” reported. Those incidents can range from a few ounces of fuel spilled in Instead, the ocean absorbed the disaster and destroyed the Argo the marina to a larger spill at a mega-yacht. Merchant. Sea travel lanes link Nantucket to Hyannis and Harwich, but the “We wanted to go out and dive the wreck,” said Phil Osley, owner of nearest shipping lane is about 40 miles east of the island. Large-scale The Sunken Ship and diver with more than 40 years experience on vessels can’t get too close to the island with the Nantucket Sound only Nantucket, “but it was completely gone within a year. Nature, it seems, about 40 feet deep and the channel into Nantucket dredged at 12 feet. has a way to heal itself.” Installation of the Cape Wind turbines could bring a potential dan— Chris Edmonds

ARGO MERCHANT ISLAND AVOIDS DISASTER

When Blair Perkins was a boy growing up on Nantucket, he’d pull northern puffer fish “in abundance” from the sea. Dragging for scallops, he’d come up with common starfish, a common enough occurrence years ago, but now “you never catch those anymore.” “Certain ‘indicator species,’ if you want to call them that, are just not here in our waters anymore,” the boat captain and naturalist said. What they indicate is a changing collection of marine life in and around Nantucket. What they forecast may be something graver but, in its own way, now in abundance: climate change. And what that means for Nantucket is warmer water and rising seas. “We’ve seen those affects of climate change locally,” said Sarah Oktay at UMass Boston’s Nantucket Field Station. “The ocean is overheating. Certainly we’re seeing that up and down the Eastern Seaboard, where we’re also seeing sea level rise because warm water takes up more space.” According to the Intergovernmental Panel on Climate Change, the Nobel-prize-winning body of the United Nations, the 21st century could sea levels rise anywhere from 7 to 23 inches as global surface – land and water – temperatures climb between 3 and 11 degrees Fahrenheit. Such changes would pose serious problems for the island. In 2007, the Civil Society Institute, a policy think tank based in Newton, Mass., unveiled a Web site that models the effects of a one-meter rise in sea level on different coastal areas in Massachusetts. The site – CapeCodFlooding.org – shows significant flooding in downtown

Nantucket and ’Sconset. According to the models, the one-meter increase would flood an area stretching along the shore from Jetties Beach to Shimmo Pond and extending to the Cliff, through most of downtown, up to Union and covering the entire Creeks. Coatue’s points would be flooded. In ’Sconset, land below the bluff and out along Low Beach Road would be flooded, too The ocean is also becoming more acidic, as more carbon dioxide dissolves into it. In a study published in the 2009 issue of Geology, researchers found that the he resulting carbonic acid hurt some species’ ability to form shells. Of particular importance to Nantucket, scallops were among the species negatively affected by the change.That’s potentially bad news from the local economy, to which scalloping contributes millions of dollars each year. For the time being, Nantucket appears to have avoided the worst of the global climate shift. To Phil Osley Sr., whose first dive into Nantucket’s waters came in 1967, Nantucket’s share of the ocean hasn’t changed much. “From my first dive, it’s the same,” Osley said.“It’s beautiful. It’s healthy. I don’t see any huge signs of pollution.” That doesn’t mean Nantucket is out of the woods, not as researchers continue to amass data and sort through it. As Perkins noted, there’s a lag between gathering that information and analyzing what it means. “Unfortunately with science, it takes years with data collection and years with crunching the results. And until you have the raw data, you just don’t have anything to crunch.” — Chris Edmonds August 2010 • Nantucket Property Journal • 15

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Nantucket Property Journal

VIEW ALL OF OUR FINE PROPERTIES, VISIT OUR WEBSITE AT:

WWW.NANTUCKETREALESTATE.COM OR

EMAIL US AT:

INFO@NANTUCKETREALESTATE.COM • August 2010

$1,100,000

Unique getaways

Hither Creek

Crow’s Nest Cottage

Madaket Cottage

Three bedrooms, two baths overlooking the Creek and ocean beaches. Excellent rental history

4 Bedrooms, 2 Baths in Actor’s Colony section of Sconset Village.

2 Bedrooms, 1 bath w/ detached garage. Wonderful outdoor living space and beautiful water views.

$1,350,000

$1,295,000

$1,195,000

Near Sconset Village

Summer in Pocomo

Affordable Ocean Views

3 Bedrooms, 2 Baths. Very private setting on an oversized lot at the edge of Sconset Village.

3 bedrooms, 2 baths, detached single car garage. Potential for expansion with septic upgrade. Wrap around porch for outdoor living with harbor views.

3 bedroom, 2 bath upsidedown style home with detached 1 bedroom, 1 bath cottage, both with ocean views over conservation land.

$1,395,000

$1,425,000

$979,000

Ken Beaugrand, Owner/Broker

NANTUCKET REAL ESTATE

Curtis Barnes, Chele Bayard, Yvonne Breslin, Chris Brien, Marylyn Burns, Rob Frame, Karen Gibbs, Ginger Ivey, Pat Larabee, Willem McRobie, Nash Strudwick, Christine Whelden, Soo Woodley

VIEW ALL OF OUR FINE PROPERTIES, VISIT OUR WEBSITE AT:

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INFO@NANTUCKETREALESTATE.COM August 2010

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Nantucket Property Journal

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great values

Shimmo Pond

Mizzenmast Sunset

West of Town

House and Cottage with 3/1 Bedrooms and 1/1 Baths. Large lot, hilltop location.

Modern home with 3 bedrooms & 2 baths is beautifully landscaped and just right for year around living or as a low maintenance second home.

3 bedroom, 1.5 baths and attached garage. Very comfortable home in quiet area. Upward expansion possible.

$2,195,000

$895,000

Great Potential

Architect Designed Cape Style Home

EWICE NR P

Modern in Nobadeer Attractive home with 3 bedrooms, 2.5 baths on a very large lot with potential for a second dwelling.

Home on large cor ner lot with ample room for expansion, close to town and mid-island services.

$850,000 Ken Beaugrand, Owner/Broker

$725,000

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

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3 bedroom, 2 bath home located in the mid-island area. Wonderful use of space and lots of natural lighting.

Nantucket Property Journal

VIEW ALL OF OUR FINE PROPERTIES, VISIT OUR WEBSITE AT:

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INFO@NANTUCKETREALESTATE.COM • August 2010

$599,000

great values

Cozy Sconset Cottage

Style and Comfort

Mid-Island Classic

Built in the 1920s as part of Sconset’s famous Actor’s Colony, this cottage has 2 bedrooms, 1 bath, and a wood bur ning fireplace.

Large lot on a quiet cul-de-sac in Naushop. Large sunny kitchen, 3 bedrooms, 2.5 baths.

Neil Parent designed 4 bedroom, 3.5 bath home with cathedral ceilings, an open floor plan around a wood burning fireplace, close to schools and bike path.

$975,000

$989,000

$799,000

Land Listings Mid-Island 0.46 acres

$495,000

Miacomet 0.89 acres

$1,350,000 Sconset

0.26 acres

Destination – Home

Madaket Townhouse

Three bedroom two bath home convenient to schools, the Surfside bike path, the NR TA shuttle and an easy distance to town. Expansion is possible.

This three level interior unit is an excellent opportunity for a first time home buyer or vacationer. New windows installed in 2007.

$795,000

$325,000

Ken Beaugrand, Owner/Broker

$589,000

Miacomet 0.23 acres

$495,000

Miacomet 0.25 acres

$595,000

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

VIEW ALL OF OUR FINE PROPERTIES, VISIT OUR WEBSITE AT:

WWW.NANTUCKETREALESTATE.COM OR

EMAIL US AT:

INFO@NANTUCKETREALESTATE.COM August 2010

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Nantucket Property Journal

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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. $3,375,000 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. $3,075,000 Listing Agent: Peter DuPont

www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio 20

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Nantucket Property Journal

â&#x20AC;˘ August 2010

Penny Dey, GRI, ABRM Heidi Drew, ABR, RSPS Peter DuPont Mary Malavase, ABR, RSPS,TRC Erikka Perkins Lisa Sherburne, ABR, RSPS Anne Remian

Polpis Harbor Views Four acres of tranquility on the way to Wauwinet. This handsome post and beam treasure boasts three full levels of gracious living and offers intimacy and warmth throughout. The 19th century, reclaimed barn timbers and hand crafted details welcome you at every turn. Expansive room for indoor and outdoor entertaining along with views of Polpis Harbor, Coatue and Great Point Lighthouse. $2,990,000 Listing Broker: Melinda Vallett

‘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 August 2010

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Nantucket Property Journal

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5 North Water Street, Nantucket, MA 02554 T: 508-228-7707 F: 508-228-7780

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.

$2,795,000 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

www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio 22

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Nantucket Property Journal

â&#x20AC;˘ August 2010

Penny Dey, GRI, ABRM Heidi Drew, ABR, RSPS Peter DuPont Mary Malavase, ABR, RSPS,TRC Erikka Perkins Lisa Sherburne, ABR, RSPS Anne Remian

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

The Most for Your Money From this recently updated 6 bedroom, 4 bath home located across from Mill Hill Park. Three floors with a welcoming, open floor plan and spacious lower level opening onto a patio and enclosed back yard. Off street parking and room to expand. Established rental history.

$985,000 Listing Broker: Heidi Drew, ABR, RSPS

High Quality in Tom Nevers This house has it all. Attention to every detail in this three bedroom home with office and finished basement. Lovely yard with privet surround. Special features include: custom tile and granite throughout, large laundry/mudroom, cathedral living room with fieldstone fireplace.

$949,000 Listing Broker: Melinda Vallett

www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio August 2010

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Nantucket Property Journal

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5 North Water Street, Nantucket, MA 02554 T: 508-228-7707 F: 508-228-7780

Large Home with Great Potential On an oversized lot, this five bedroom cape has lots of space and a big yard. Conveniently located in the Mid-Island area close to shopping, schools and the shuttle bus. Bank owned.

$559,900 Listing Broker: Penny Dey, GRI, ABRM

Pristine in Nashaquisset 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.

$775,000 Listing Broker: Melinda Vallett

Bright and Sunny And awaiting your personal touch, this two bedroom, two bath home is situated between Town and Cisco. Half acre lot with plenty of expansion potential. Existing house has a full basement.

$499,000 Listing Broker: Penny Dey, GRI, ABRM

www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio 24

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Nantucket Property Journal

â&#x20AC;˘ August 2010

Penny Dey, GRI, ABRM Heidi Drew, ABR, RSPS Peter DuPont Mary Malavase, ABR, RSPS,TRC Erikka Perkins Lisa Sherburne, ABR, RSPS Anne Remian

Impeccable ’Sconset Property… This carefully maintained ’Sconset property is close to the Village and ideal for year ‘round or summer living. Sit in the sunroom and enjoy the private, landscaped yard. Renovations in 2002 include a master bedroom suite accessed by a private staircase.

$1,750,000 Listing Broker: Mary Malavase, ABR, RSPS,TRC

House and Cottage 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 Colonial 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

www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio August 2010

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Nantucket Property Journal

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5 North Water Street, Nantucket, MA 02554 T: 508-228-7707 F: 508-228-7780

Casual Comfort… In one of the most spacious homes in Naushop. Located on a cul-desac near 28 acres of Land Bank Land. Three levels of living space with generous, well proportioned rooms. Air conditioned and a partially finished basement. Established rental history.

$995,000 Listing Broker: Heidi Drew, ABR, RSPS

Inviting Interior & Exterior Design This treasure must be seen to appreciate. Over 7 spacious rooms, 4 bedrooms and 3 baths nestled behind established hedges. Imaginative outdoor living areas include a spacious patio surrounded by flower gardens & skillfully stacked stone walls, an enticing backyard and private front and side yards. Some of the extra features include: 2 fireplaces, partially finished basement with private entrance, automatic 8000 watt generator, outdoor lighting, bricked parking area and plenty of room for expansion.

$998,000 Listing Broker: Heidi Drew, ABR, RSPS

Sconset Land for Sale Privately located on the edge of the village. Mature vegetation. Town water & sewer available.

$549,000 Listing Broker: Heidi Drew, ABR, RSPS

www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio 26

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Nantucket Property Journal

• August 2010

Stunning Harbor Views and Sunsets

Spectacular ocean, pond and sunset views, access to tennis court, steps from the beach, bordered on the East and West by conservation properties, convenient to bicycle path, Westmoor Club, Tupancy and Town. Just shy of two acres, this property offers plenty of room for expansion of existing house or addition of pool. This very special home has been featured in numerous publications. Please call for details.

$3,995,000

5 North Water Street, Nantucket, MA 02554 T: 508-228-7707 F: 508-228-7780 www.AtlanticEastRE.com

Penny Dey, Broker, GRI, ABRM

Eight Federal Street Nantucket Island, MA 02554 508-228-4449 www.jordanre.com

Michael Angelastro Cell: 508-367-5096 www.michaelangelastro.com michael@jordanre.com Providing Expert Real Estate Advice Since 1982.

HITHER CREEK WATERFRONT

POCOMO WATERFRONT RETREAT

Rambling home on an acre of harborfront with private dock. $5,450,000

Casual 5 bedroom home with private stairs to beach & tennis court.

TOM NEVERS EAST

SHEEP COMMONS LANE

Charm in private setting. 3 levels of living, room for expansion. $989,000

Large 4 BR home abutting Conservation Land. Detached studio. $2,395,000

WARRENâ&#x20AC;&#x2122;S LANDING

GOING TOWARD CISCO

Beach cottage, spectacular views, 2/10 mile to beach! $1,395,000

5 bedrooms, 3 1/2 baths, newly renovated, private setting. $899,000

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

WAUWINET

$2,995,000

4 bedrooms, 4.5 baths

4 bedrooms, 6.5 baths

Listing Agent: Anne Gifford

Listing Agents: Linda Bellevue/John Trudel, Owner

57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM

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Nantucket Property Journal

• August 2010

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

MONOMOY

$2,195,000

TOM NEVERS

$1,875,000

3 bedrooms, 2 baths

4 bedrooms, 3.5 baths

Listing Agent: Linda Bellevue

Listing Agent: Rick Donnellan

TOM NEVERS

$1,875,000

3/4 bedrooms, 3 baths

TOM NEVERS

“Sea Forever” Endless Ocean Views

Listing Agent: Rick Donnellan

TOWN

$1,575,000

Listing Agent: Rick Donnellan

$1,495,000

SURFSIDE

$1,495,000

2 bedrooms, 1.5 baths

6 bedrooms, 4 full baths, 2 half baths

Listing Agent: Linda Bellevue

Listing Agent: Matt Payne

57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM

August 2010

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Nantucket Property Journal

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NAUSHOP

$1,450,000 HOUSE & VACANT LOT

TOWN

$1,395,000

3-4 br, 3.5 ba. house purchased separately for $1,150,000

3 bedrooms, 2.5 baths

Listing Agent: Tom Weinstock

NAUSHOP

Listing Agent: Matt Payne

$1,159,000

NAUSHOP

$1,150,000

4 bedrooms, 3.5 baths

Listing Agent: Tom Weinstock

NAUSHOP

$1,099,000

NAUSHOP

$995,000

5 bedrooms, 3.5 baths

4 bedrooms, 2.5 baths

Listing Agent: Tom Weinstock

Listing Agent: Mike Gunson

57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM

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Nantucket Property Journal

• August 2010

WEST OF TOWN $989,000

MID-ISLAND $949,000

EDGE OF TOWN $925,000

Main House: 5 bedrooms, 2 baths Cottage: 1 bedroom, 1 bath

4 bedrooms, 2.5 baths

4 bedrooms, 2 baths

Listing Agent: Rick Donnellan

Listing Agents: Mimi Congdon/ Anne Gifford

TOM NEVERS $599,000

TOWN $475,000

6 bedrooms, 4 baths

2 bedrooms, 1 baths

1 bedroom, 1 bath first floor condo

Listing Agent: Dan Barber

Listing Agent: Rick Donnellan

Listing Agent: Joyce Montalbano

Listing Agent: Keri Kalman

SURFSIDE $729,000

LAND LISTINGS

MID-ISLAND $399,000

2 bedroom, 1 bath free-standing condo Listing Agents: Linda Bellevue/ John Trudel, Owner

NAUSHOP $550,000 • 5,919 sf Listing Agent: Tom Weinstock

NAUSHOP $450,000 • 5,000 sf Listing Agent: Tom Weinstock

MID-ISLAND $495,000 • 20,099 sf Listing Agent: Rick Donnellan

TOM NEVERS $1,125,000 • 2.75 Acres Listing Agent: Tom Weinstock

TOM NEVERS $1,100,000• 2.75 Acres Listing Agent: Rick Donnellan

TOM NEVERS $775,000 • 1.25 Acres Listing Agent: Rick Donnellan

POLPIS $1,550,000 • .95 Acres Listing Agents: Tom Weinstock/Tom Kennelly

NAUSHOP $495,000 • 5,678 sf Listing Agent: Tom Weinstock

NAUSHOP $425,000 • .12 Acre Listing Agent: Tom Weinstock

57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM

August 2010

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Nantucket Property Journal

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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

SCONSET ESTATE

$5,350,000

This property has it all and features an elegant 5 BR, 5 bath main house and a 2 BR, 2 bath cottage with two car garage. The magnificently landscaped grounds, hedged in for maximum privacy, offer spectacular outdoor spaces including a 20’ x 50’ pool with spa, a stone fire pit and sweeping lawn.

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. 57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM

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Nantucket Property Journal

• August 2010

Mimi Huber, CBR, GRI, Broker Congdon and Coleman Real Estate 508-325-5000 x12 (office) 508-325-2073 (cell) mimih@congdonandcoleman.com

TOWN

$3,250,000

The Coffin House This carefully restored four bedroom, 2.5 bath antique imparts the essence of a European country home and features an elegant state-of-the-art kitchen, eight fireplaces, exposed wood beams and fabulous views from the widow’s walk. The private yard provides an intimate oasis with covered porch overlooking an elegant English garden.

CISCO

$2,995,000

Stunning, unobstructed ocean views are afforded from this beautiful 4 BR, 3.5 bath upside down house located just a stones throw to a gorgeous beach. Amenities include central a/c, hardwood floors, two master suites, spacious deck, beautiful yard with professional landscaping and an attached garag e.

TOWN

$1,845,000

Tucked away on a one way street, this property features a charming 3 bedroom, 2 bath antique main house with private deck and garden area, a separate guest cottage with full bath and a co zy studio/office. The property is surrounded by high hedges and is beautifully landscaped.

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.

WEST OF TOWN

$1,595,000

Adorable two bedroom, 1.5 bath custom built home with full basement on a spectacular 2.32 acre lot just west of town. The property offers complete privacy and overlooks hundreds of acres of Land Bank property. Tremendous expansion potential with over 3000 sf of footprint remaining.

57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM

August 2010

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Nantucket Property Journal

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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.

TOWN

$1,625,000

Located on a quiet side street in Town, this 1829 cottage has been transformed into a tranquil retreat with a series of charming rooms, including three bedrooms, three full baths and three fire places. The first floor master suite has French doors that open onto a spacious deck which offers privacy for outdoor entertaining. This home is being offered fully furnished with an eclectic mix for a European feel.

SCONSET

$1,250,000

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

Very comfortable, bright three bedroom, two and one-half bath home. Private setting in an established year round neighborhood. Close to Town, Miacomet Golf, Bartletts Farm and south shore beaches.

57 MAIN ST. NANTUCKET, MA 02554 PHONE: (508) 325-5000 WWW.CONGDONANDCOLEMAN.COM

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Nantucket Property Journal

â&#x20AC;˘ August 2010

$995,000

Marybeth Gibson Congdon and Coleman Real Estate 508-325-5000 x17 (office) 508-325-2897 (cell) mgibson@congdonandcoleman.com

Views from the Bluff Incredible south shore oceanfront estate with sweeping 180° ocean views from the five bedroom main house with wrap-around porch and private beach stair access. Guest quarters overlooking custom 18x58 gunite pool, patio and beach. $7,500,000 Listing Agent: Marybeth Gibson

57 MAIN ST. NANTUCKET, MA 02554 PHONE: (508) 325-5000 WWW.CONGDONANDCOLEMAN.COM

August 2010

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Nantucket Property Journal

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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.

WEST OF TOWN

$1,295,000

5 bedroom, 3.5 bath main house plus 2 bedroom, 1 bath garage apartment close to Town and Bartlett Farm.

TOM NEVERS

$1,795,000

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. Sale includes all furnishings.

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

$3,395,000

Gracious 4 bedroom, 4.5 bath main house and 2 bedroom, 2 bath cottage on a private 2.76 acre lot.

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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Nantucket Property Journal

â&#x20AC;˘ August 2010

Linda Bellevue, CBR, GRI, Broker Congdon and Coleman Real Estate 508-325-5000 x11 (office) 508-325-2700 (cell) lindab@congdonandcoleman.com

MID-ISLAND

$595,000

Main house and guest cottage onn .25 acre lot with multiple expansion possibilities. Rent one and live in the other.

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.

TOWN

$1,795,000

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.

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.

$399,000

Bright and light second floor one bedroom plus loft condo. Convenient location close to Town and shopping areas.

MID-ISLAND

$895,000

Wonderful vacant lot on Upper Tawpawshaw in Tetawkimmo with views of the Moors and abutting hundreds of acres of Conservation land.

57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM

August 2010

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Nantucket Property Journal

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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

(Owner is a MA licensed real estate agent)

STYLISH IN SURFSIDE $2,495,000

WAUWINET WONDERFUL $2,850,000 Magnificent contemporary 4 BDRM, 3.5 BA home set on 3.5 acres nearly surrounded by conservation land. Tremendous attention to detail, generous living spaces, 2 covered porches & oversized sundecks. Deeded beach rights in Squam at Crows Nest Way. Deeded access to harbor! Listing Broker: Cynthia Lenhart

CLIFF SIDE TREASURE $1,899,000

Exquisite rose covered craftsman built home with adorable guest cottage, detached office, surrounded by gardens on a fabulously manicured one acre lot. Excellent location close to the beach!

Cliff area 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.

(Owner is a MA licensed real estate agent)

Listing Broker: Constance Sturgis

Listing Broker: Cynthia Lenhart

Cynthia Sadler Lenhart . Constance Sturgis . Sue Fine . Pat Joyner . Pat Carr Calabr ese . Beth Maier . Pam Sosebee

FAIR STREET $1,395,000

Excellent location this popular antique Fair Street Inn could easily be transformed into a private residence. A spacious 6 BDRM, 5 BA, c.1850 gem with loads of character & priced to sell. Listing Agent: Pat Carr Calabrese

IMPRESSIVE COMMERCIAL COMPLEX $2,000,000

3 fully rented 1st floor commercial units and Deluxe 2nd floor apartment with 3 master suites, over 3,000+ sqft. of elegant living, plus 3,000 sqft. Basement! AC & sprinkler system throughout & 19 parking spaces. Listing Broker: Cynthia Lenhart

FISHERS LANDING $1,025,000

TOM NEVERS EAST $1,450,000

3 BDRM, 2.5 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 w/ expansion potential. Priced to sell!

Listing Broker: Constance Sturgis

SMUGGLERS LUCK $1,750,000 Great Surfside Beach house just 200 yards from the sea! 4+ BDRM, 2.5 BA, nice yard, 2 Car garage, roof walk & sun deck w/ hot tub! Fabulous rental history. Listing Broker: Cynthia Lenhart (Broker is related to seller)

Broker/Owner: Constance Sturgis

(Owner is a MA licensed real estate broker)

SPACIOUS & PRIVATE $780,000

Almost 3/4 Acre of wooded privacy on a quiet “less traveled” lane close to Town, Surfside bike path, schools, shopping & shuttle. Great 4+ BDRM, 2.5 BA family home! Listing Broker: Connie Sturgis

CISCO SWEETHEART $860,000

“REALITY” TOM NEVERS $1,350,000

Sprawling 4 BDRM, 2.5 BA single story home w/ post & beam garage close to golf course, beaches & Bartlett Farm. Priced to sell!

Enjoy views from 3 different decks on this 4 BDRM, 2.5 BA upside down house. Ocean to the south, Sconset & Sankaty Light to the east, & privacy. Well maintained and consistent rental history.

Broker/Owner: Pam Sosebee

(Owner is a MA licensed real estate broker)

Listing Broker: Connie Sturgis

Cynthia Sadler Lenhart . Constance Sturgis . Sue Fine . Pat Joyner . Pat Carr Calabr ese . Beth Maier . Pam Sosebee

ABSOLUTELY ENCHANTING!

$3,200,000

Magic from the moment you enter the driveway this 5+ BDRM, 4.5 BA home with its 1 BDRM, 1 BA guest cottage is sure to surprise. The impeccably landscaped yard camouflages the spaciousness of this home, of fers several outdoor living areas and big privacy! Tremendous layout for a modern family with tasteful detailing inside & out. New to the market. Listing Broker: Cynthia Lenhart

UPSCALE IN TOWN $1,399,000

Attractive 4 bedroom, 2.5 bath home custom built by craftsman. Comfortable modern spaces, lovely hedged yard & central air. Successful rental history, offered mostly furnished. Listing Broker: Constance Sturgis

HOT DEALS LAND ON SALE! 1/2 Acre hill side lot just west of town with views of roof top skyline & big sunsets! $656,000 ~ Two R-5 lots - potential for 2 dwellings each. Lot w/existing garage $259,000, Vacant corner lot $249,000. Listing Broker: Cynthia Lenhart

TURN SILVER TO GOLD $799,000 An excellent opportunity to restore an antique in town! 4+ BDRM / 3 BA on a lane less traveled in the old historic district. Originally 3 apartments. Great project! Listing Agent: Beth Maier

BUCKETS OF CHARM $915,000

Cheerful home in popular Naushop community. 5 BDRMS, 3.5 BA spacious living/dining room, cozy family room w/fireplace, den, great kitchen & breakfast room plus patio, hedged yard & parking. Listing Broker: Cynthia Lenhart

Cynthia Sadler Lenhart . Constance Sturgis . Sue Fine . Pat Joyner . Pat Carr Calabr ese . Beth Maier . Pam Sosebee

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

’SCONSET SERENITY

ESTATE SETTING AT THE TOP OF MAIN

At the end of a winding country lane, and close to ’Sconset Village, is a welcoming four-bedroom home on 1+ acres.This custom designed home has large windows and decks opening to panoramic views and breathtaking sunsets. Built in 2003, with many interior architectural details,“Evensong” reflects ‘Sconset’s fine homes of the early 1900s. It includes family gathering (or living) areas upstairs and down, first floor master suite wing and unique “old ‘Sconset room”. A light and airy open floor plan provides easy entertaining.We invite you to come and experience the beauty and charm of “Evensong”.

Evermoor, tucked away on over an acre of landscaped property awaits a buyer looking for exceptional value.With a short walk to town, steps beach, or the Westmoor club the location could not be more convenient. Custom cherry wood finishes throughout, this seven bedroom and five bath home is ideal for entertaining complete with a gourmet kitchen. Gorgeous deck with views of the famous "Madaket Sunset", multiple fireplaces, four levels of living including a finished basement make this beautiful home a perfect package.This property can accommodate a pool or tennis courts, as well as a second dwelling.

EXCLUSIVE $3,275,000

EXCLUSIVE $2,950,000

PRIVATE NEIGHBORHOOD

GREAT HOUSE AND NEIGHBORHOOD

Neighborhood with single entrance and exit. Peaceful with trees and set backs & Conservation. Private, desirable area. A half-acre-plus lot with mature vegetation and plantings. Four bedroom house offers spacious living and dining & updated kitchen. Convenient to downtown, bike path.

This updated 3 bedroom, 3.5 bath home sits on nearly half an acre in a country setting with newer homes and mature plantings. Ready for family enjoyment and has solid rental income potential. Easy distance to south shore beaches, mid-Island shopping and Town. Seller is MA Real Estate Broker.

EXCLUSIVE $799,000

EXCLUSIVE $1,350,000

CUSTOM RETREAT

SANKATY VILLAGE

Oversized lot convenient to schools, beaches, bike paths and Town. Three bedroom Cape Cod style main house with many custom features, farmers porch and beautiful sunken patio.Three bedroom cottage with potential for four bedrooms. Ample off street parking. Two storage sheds.

Ready to move in. Just 1/2 mile from the Village Square in Sconset.This four bedroom, two bath recently remodeled home is the perfect summer or year round home. All new updated kitchen with stainless steel appliances, baths are custom tile. May include furnishings.

EXCLUSIVE $1,495,000

EXCLUSIVE $1,095,000

RELAX AND ENJOY

ENJOY THE VIEWS!

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.

Beautifully maintained and recently updated,this 3 bedroom 3 bath custom home is being offered fully furnished. With its wonderful location just a stone's throw to the beach, and its privately located two bedroom cottage, this property enjoys a strong rental history. Listing Agent is related to Seller.

EXCLUSIVE $1,385,000

EXCLUSIVE $1,845,000

WHALING COTTAGE Enter “Belle’s” extraordinary private, fenced garden through a gated arbor. This captivating property is one block from the ocean. The two bedroom, two bath Main house was totally renovated in 2008. Open floor plan with French doors leading to garden and Enchanting Studio.

EXCLUSIVE $1,399,000

ORANGE STREET TOWNHOUSE Comfortable townhouse with two bedrooms and two and onehalf baths. Pleasant yard with patio for outside enjoyment and off street parking. Located just minutes from Main Street. EXCLUSIVE $710,000

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

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37 Main Street Nantucket Island Massachusetts, 02554 Tel: 508.228.1881 Fax: 508.228.1481 info@maurypeople.com www.maurypeople.com

SCONSET $13,995,000 Gary Winn

MADEQUECHAM $2,695,000 Craig Hawkins

TOM NEVERS $3,795,000 Gary Winn

CISCO $3,745,000 Gary Winn

CISCO $3,475,000 Craig Hawkins

SHIMMO $3,395,000 Craig Hawkins

SHIMMO - $2,795,000 Kathy Gallaher & Gary Winn

TOWN $3,475,000 Craig Hawkins

TOWN $2,895,000 Brian Sullivan

MADEQUECHAM $4,900,000 Craig Hawkins

TOWN $3,350,000 Craig Hawkins

TOWN $3,250,000 Craig Hawkins

MADAKET - $3,295,000 Donna Barnett & Gary Winn

TOWN $2,975,000 Craig Hawkins

MADKET $2,950,000 Brian Sullivan

CISCO $4,850,000 Gary Winn

TOWN $2,975,000 Craig Hawkins

DIONIS $4,295,000 Kathy Gallaher

TOWN $3,995,000 Gary Winn

TOWN - $3,795,000 Gary Winn & Graeden Ambrose

TOWN $3,975,000 Juliet Hunter

TOWN - $2,800,000 SCONSET Bernadette Maglione & Gary Winn $9,995,000 Gary Winn

TOWN $3,875,000 Craig Hawkins

TOWN -Two Houses $2,750,000 Craig Hawkins

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Madequecham • 18 Madequecham Valley Road • $1,895,000

Hummock Pond • 14 Ahab Drive • $2,200,000

Town • 1 Spring Street • $995,000

Sconset • 13 Bank Street • $795,000

Madaket • 22 Arkansas Avenue • $495,000

LAND

LISTINGS

Wauwinet • 112 Wauwinet Road • $3,249,000

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

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

$315,000

$600,000

Monomoy and Privacy

Rosemoor â&#x20AC;&#x2DC;Sconset

5 Cathcart Road

68 Baxter Road A classic Sconset summer home that has been renovated to include todayâ&#x20AC;&#x2122;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.

Listing Agent: Daryl Westbrook Price: $4,200,000

SKRQH

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

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

Exclusive Listings ~ Great Buys

Rare Estate Opportunity in Prime Location Rare opportunity to purchase large seven bedroom home on over an acre at the top of Main Street. Walking distance to town and the Westmoor Club. Despite proximity to town this unique home is situated adjacent to beautiful pastures with a peaceful, country setting and lots of privacy. Oversize lot is large enough to build a guest house, garage, pool, or tennis courts. Existing house is exquisite and everything is new and top-of-the-line.

$2,950,000

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.

Rare opportunity in Sconset! Potential second floor water views from one of Codfish Park's largest land parcels. Three existing structures. HDC approved plans.

$1,895,000

$1,195,000

Chandra Miller, Broker chandram@sconsetrealestate.com www.coffinrealestate.com

508.360.7777

August 2010

•

Nantucket Property Journal

•

of the

the current

ANALYSIS

STATE market Analysis, observation and interpretation of the Nantucket real estate market

Photos by Jordi Cabre

Doug Foregger

David Callahan

Cynthia Lenhart

Country Village Real Estate

Jordan Real Estate

Compass Rose Real Estate

Where is the market right now?

The market has an exceptional amount of buyers and sellers who seem to be making transactions occur at the lower end of the market (1.5 million dollar point and below). The very top end of the market is also busy. The midrange properties are always the last to respond after any downward cycle.

The market is moving along at a better pace than last year. Right now, we are on a pace to increase the numbers of sales and the dollar volume. If the second half remains as strong, we will have a good year. It could be a signal the bottom of several segments of the Nantucket market.

Since the peak in 2005, we have watched prices soften then slowly and steadily drop. When the meltdown happened in 2008,we had already been in decline for some time.Winter of ‘08/’09 was dreadful. Fortunately, we had a substantial sales bump in ‘09 between mid August and into early 2010. Buyers came shopping for bargains and got them! Now it seems to have stalled a bit, no doubt reflecting worries about

See Foregger, page 54

The views and opinions expressed in “State of the Market” interviews are not necessarily those of the Nantucket Association of Real Estate Brokers.

See Callahan, page 52

August 2010

See Lenhart, page 50

•

Nantucket Property Journal

•

LOCATION, LOCATION, LOCATION The best of ’Sconset. Steps to beach and village center. Direct ocean view • 6 years young • Central AC • 3 minute walk to village center • Separate studio and garage Exclusive $1,550,000

DIONIS

DIONIS This cute little 2 bedroom, 1 1/2 bath cottage is nestled on an acre of property with room to expand. Short walk to Dionis Beach and bike paths close by. Exclusive $995,000

Bright & spacious 2 bedroom, 2 bath cottage on an acre of land. Second floor water views with room for 2 more bedrooms & 2 baths.

Exclusive $995,000

DIONIS

Dionis 18 East Tristrams Ave.

One acre parcel containing 3 bedroom, 1 1/2 bath home. A short stroll to Dionis Beach. Room to expand.

Outstanding Nantucket Sound views from 17,858 sf. lot, well & septic in.

Exclusive $1,595,000

Exclusive $1,095,000

Surfside Lovely ocean views from this 30,000 sf. lot. 4 BR septic tech 440D system drawn up with permit. Well installed.Minutes walk to the beach! Seller will pay Land Bank fee.

Exclusive $ 995,000

Surfside

Waterfront

54 Weweeder Ave.

Madequecham Valley

Beautiful 1+ acre (50,000 sf.) lot Looking for the perfect oceanfront lot? with 1st floor ocean views! Here it is. This 25,000 sf. lot has a well Alowable 1st floor ground covinstalled, septic in for a 3 bedroom. erage is 2,000 sf. Can have a 5 Breathtaking views with a beautiful bedroom septic. Close walking sandy beach. HDC approved house distance to Surfside Beach. plans. Building permit in hand.

Exclusive $895,000

$850,000

Bamber Real Estate 159 Orange Street, P.O. Box 26 • Nantucket, MA 02554 Phone: 508-228-1416 • 508-228-1157 Fax: 508-325-4931 • bamberre@nantucket.net • www.bamberrealestate.com

Ronald Bamber, Broker, NAREB Member “Specializing in the sale of exceptional homes and properties.”

Lenhart, from page 49

the general economy. People are on tender hooks. However, we are currently working with serious buyer clients and I am ever hopeful. I expect these investors, who have been carefully shopping the market for deals, will be bringing their purchases to the check out counter come fall, much as they did last year.

There has been talk recently of signs pointing to a national recovery.What's your take on when we'll feel the full and lasting effects of any recovery on Nantucket? I have faith a recovery is absolutely inevitable, but when depends on so many things. I will say this: I was here selling real estate through the ‘80s and watched first hand the crash and recovery. It was a terrible time. Many friends lost their homes, but for those who could hang on for the ride Nantucket came back stronger and quicker than anywhere else. We bounced out of it like a rocket when it did turn around. People spooked by the volatile stock market dumped their money into real estate rather than risky stocks. It paid off then and it will again.Remarkable,really,but if you look at the statistics, Nantucket real estate has outpreformed the stock market over the last decade.

Are you seeing any movement in the sale of land,either up or down from previous years? Land sales are slow, but have improved slightly from last year. Not many have the stomach for “spec” building in this market. You can see this in the noticeable decline of construction projects on the Island. It’s a great time to pick up a good lot at a reduced price and, for the first time in many years, find a first-rate builder who has time.

What is the state of the rental market? How is the summer of 2010 going? It is certainly softer than we’d like it. Some of my long time tenants are staying home. Families who normally booked two weeks are only coming for one. We are seeing an up tick in the number of people looking for houses with pools and a good number of the rentals we are doing are higher end. Summer rentals were traditionally booked in January. I noticed the winter after 9/11 people hesitated to travel and waited until spring to lock in their vacation plans. I think that trend has continued somewhat, and last minute bookings are more prevalent than ever.

What kind of properties are selling now? The very high end homes and the low end are selling more briskly, with the middle of the mar-

ket lagging behind. However, anything perceived to be a tremendous bargain is moving. Anything overpriced languishes on the market. You need to be priced on the leading lower edge of your market segment to get attention these days.People are carefully hunting for that really good deal.

What neighborhood(s) do you think is/are undervalued now? There are homes in nearly every neighborhood that are underpriced. If I had to pick some specific areas,Tom Nevers comes to mind — peace and precious privacy at a bargain price.There are some jaw-dropping values out there in Surfside, Fishers Landing, Polpis, Wauwinet — virtually all parts of the Island and at all price levels. Motivated sellers abound, making it a buyer’s dream market.

What neighborhoods do you think best retain their value over time? Town. There seems to be a steady demand for the historic district even in tough times. It truly has held its value better than a lot of the outlying areas. Cliff and Brant Point also fall into this fold. The edges of the Island, properties on or close to the water, remain ever desirable. It stands to reason, as these areas are the most popular for rentals. as well.

Dionis

with views of Nantucket Sound This lovely house & cottage located on 2.96 acres has great elevation and views of Nantucket Sound.Walk to Dionis beach, access to bike paths and a short drive to town. Main house has 4 bedrooms, 2 1/2 baths, living room with fireplace, open kitchen & dining room, deck, family room with fireplace, laundry room, 2 car garage. Cottage - Entry with cathedral ceiling and stairway to second floor. 2 bedrooms, 2 baths, deck,2 car garage, leading up to the second floor you'll find a bright & airy open living,dining & kitchen area with tile counter tops, bamboo flooring,deck with nice water views.

Exclusive $ 2,995,000

Bamber Real Estate 159 Orange Street, P.O. Box 26 • Nantucket, MA 02554 Phone: 508-228-1416 • 508-228-1157 Fax: 508-325-4931 • bamberre@nantucket.net • www.bamberrealestate.com

Ronald Bamber, Broker, NAREB Member “Specializing in the sale of exceptional homes and properties.”

ANALYSIS

THE CURRENT STATE OF THE MARKET

Callahan, from page 49

What is the state of the rental market? How is the summer of 2010 going?

There has been talk recently of signs pointing to a national recovery. What’s your take on when we’ll feel the full and lasting effects of any recovery on Nantucket? Nantucket’s resort and second home market has seen a slight recovery recently. Nationwide, this has been a regional recovery in many aspects, with some areas having tremendous inventory to work through before prices start to recover. The northeast region has experienced a bottoming of process; the decline hasn’t been as severe in this region and high inventories are not as bad here as in others.

The rental market is stronger this year, with more leases and stronger prices. Boat traffic is flat or marginally down, with air traffic moving higher.

What kind of properties are selling now? The upper end, over $6 million, and the lower end, under $1 million, are doing the best. Many entry-level buyers are entering our market. The homes that are available in these price ranges represent value that have not been seen in many years. Some of these people had been priced out of the market previously. The upper end keeps soaring with new, all-time high prices. The number of $6 million homes will easily surpass last year. In July, over $45 million of high end volume went under agreement.

CIRCA 1901

2009

What neighborhood(s) do you think is/are undervalued now? What neighborhood(s) do you think best retain its/their value over time? Property is too individual to describe by neighborhood. Value is a perception, which buyers and sellers determine by their own needs. Nantucket has a unique and precious lifestyle that transcends individual neighborhoods.

Are you seeing any movement in the sale of land, either up or down from previous years? Land sales have been sluggish this year. The dollar value of the lots sold is up, and several have gone under contract in the last month. But, it will be hard to catch up to even last year’s levels. Home sales at lower levels have made a finished product more intriguing to our buyers than building.

2010

After the Great Fire, 34 Centre Street was moved to this location from Howard Street. Today, we are proud to be the design and restoration team performing the necessary skills to bring this building back to its 19th century glory.

Norton Preservation Trust Building Artisans & Architectural Designers of Historic Homes

Richard and Valerie Norton

508-228-998 7

pr eserve@nantucket.net

Town Office 12 Straight Wharf (Bottom of Main St.) 508-228-8840 508-228-8804 Fax Sconset Office 10 Main Street (by Sconset Rotary) 508-257-4182

MADEQUECHAM $2,750,000 John Arena

TOWN $2,385,000 Doug Foregger

TOWN - $2,185,000 CLIFF Doug Foregger (Broker/Owner) $1,699,000 Heather Duval

CLIFF $1,495,000 Doug Foregger

TOM NEVERS $1,395,000 John Arena

MID-ISLAND $1,295,000 John Arena

TOWN - $1,249,000 John Arena (Broker/Owner)

MADAKET $1,199,000 Doug Foregger

SURFSIDE $995,000 Joe Ferrigno

MID-ISLAND $989,000 John Arena

MADAKET $899,000 John Arena

SURFSIDE $895,000 John Arena

TOWN $875,000 Lesley Kennie

SCONSET $795,000 John Arena

MID-ISLAND $775,000 John Arena

SCONSET $699,000 Doug Foregger

MADAKET $659,995 Heather Duval

TOWN $495,000 John Arena

MID-ISLAND $399,000 John Arena

TOWN $329,000 John Arena

MID-ISLAND- $325,000 TOWN Paula Maloney/Wendell Jones $299,000 John Arena

1 (800) Nantucket

â&#x20AC;˘

Doug Foregger Chairman & CEO

www.countryvillagere.com

Foregger, from page 49

ed their rates to compete against a larger invento- overvalued neighborhoods on Nantucket. I do There has been talk recently of signs point- ry. Summer 2010 for Country Village is up more feel that there are undervalued properties in almost every neighborhood. I think ’Sconset, ing to a national recovery.What’s your take then 20 percent from last year. Brant Point, Monomy and Town as well as anyon when we'll feel the full and lasting effects thing on the water that is not at risk usually What kind of properties are selling now? of any recovery on Nantucket? Anything that is perceived by the purchaser as retains its value better over time. There seems to be a modest recovery already an exceptional value are selling right now. occurring in some segments of this market. A full Are you seeing any movement in the sale of and lasting recovery is probably a few years away.

What neighborhood(s) do you think is/are land,either up or down from previous years? I have seen some new interest and movement. What is the state of the rental market? How undervalued now? What neighborhood(s) In some ways, because of its precipitous drop, it do you think best retain its/their value over is the summer of 2010 going? might be one of the best investments on the For us at least the rental market has been very time?

strong, although many homeowners have adjust-

I don’t think that there are undervalued or island right now.

1821 Federal-style in town

Tom Nevers Waterfront

Sconset Beauty

Newly renovated, 3 bedrooms, 3.5 baths HDC $2,925,000 plans for 4th bedroom

4 bedroom house, 2 bedroom cottage, with deep $2,350,000 yard. Fully furnished.

Graham Goldsmith design. Ocean views and deeded beach access. 5 bedrooms. $2,950,000

Sconset Waterfront Land — Accepted Offer. Low Beach/Hawk’s Circle, 1/2 Acre — 12.5% coverage, Town Water & Sewer $1,800,000 Dana & David Boyce, licensed brokers Jamie Feeley, sales associate

508.257.6962 www.boycerealtynantucket.com

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 $797,500.00. 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

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508 228 2266

Historic in Town

North Water Street

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.

Exceptionally located on one of the few remaining cobblestone streets in the heart of downtown just 2 blocks from the Harbor and Main Street, this c. 1850 Greek Revival home offers a beautifully manicured private yard and garden, water views and existing off-street parking with significant building expansion possibilities. Currently configured as 10 condominiums, ranging from studios to 2 bedrooms, it also has the potential to be a lovely single family home or 2 or more larger condominiums with separate private entrances from both the street and garden.

$1,595,000

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.

$3,695,000

$3,250,000

Sconset Ocean Views

Charm in Codfish Park

Cliff Estate

Quintessential Siasconset rose covered summer home with seven bedrooms set on the bluff overlooking the Atlantic. Property offers deeded beach access and is a moment’s walk to the heart of Sconset Village.

A lovely rose covered four bedroom home in Codfish Park! Detail and charm abound inside and out as the house has been wonderfully renovated and maintained. Only a stone’s throw to the beach; this property is indeed special.

$3,295,000

$1,490,000

Gracious Milton Rowland designed custom-built home located at the end of a long drive. Property is comprised of two lots, totaling two and a half acres in half-acre zoning. The house has an inviting casual elegance that flows onto outdoor living spaces and takes advantage of the ample lawns, terraces and gardens. The living spaces are generous in size and enjoy natural light. The unique nature of this property offers many options for the new owner.

Edward Sanford Liz Finlay Wayne Howington Sam Parsons 56

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Bill Liddle

Greg McKechnie

Laura Fletcher Barbara Joyce Stuart Reid

Cam Gammill Nina Hallowell Liddle Amanda Tosch

Nantucket Property Journal

• August 2010

Debbie Deeley Culbertson Julie Gasco Carl Lindvall Phil Witte

$7,900,000

Tracy Cullinane Dawn Holdgate Nichole Marks

508 228 2266

North Liberty Street

Madaket

This fully renovated home is nestled in at the end of a quiet drive, yet only a short walk from downtown Nantucket. 2010 improvements: Oak floors, new kitchen, new baths, air-conditioning, new shingles & roof, and completely re-landscaped.

Classic Madaket Harbor front cottage. This open stud three bedroom cottage capture the essence of summer with its simple charm and spectacular views. This offering is comprised of two separate parcels on 1.3 waterfront parcel and one directly across Massachusetts Avenue, the combination provides versatility and privacy.

$2,895,000

$2,695,000

Pine Crest

Private in Polpis

Picture Perfect Inside & Out

This compound was built and completed in May 2000. Driving down the rambling stone drive lined with island wildflowers and evergreen vegetation, one realizes that they are arriving at a very special, one of a kind property. Sitting gently atop of one the Island’s highest knolls, one feels an amazing sense of peacefulness as this property backs up to hundreds of acres of Nantucket conservation land and looks over the quiet moors and salt marsh to views of the Harbor to Great Point. The shingle-style house is tucked into the tall natural grasses and has approx. 15,000 square feet of living space. $11,750,000

Sheep Pond

Adorable Cape style home located on a large lot in a quiet neighborhood. Three floors of living space. Spacious yard. Unique lot configuration and zoning allow for a second dwelling and a commercial building that would appear like it was on a separate parcel fronting on Old South Road.

This lovely three bedroom home on an over-sized lot has room for expansion or a second dwelling. The rear deck and large, private backyard and garden offer wonderful outdoor areas for relaxing, dining and entertaining. The kitchen and both bathrooms were updated in 2008. This charming and comfortable home is very conveniently located.

Spectacular Views of the Atlantic Ocean and Long Pond from both the main house and the cottage. The property also offers great views of the moors and privacy on a two plus acre lot. This upside down home has a second floor deck for grilling, dining and viewing those famous Madaket Sunsets. A secluded beach is right across the street, where you can spend the day swimming, surfing and fishing.

$1,150,000

$645,000

$2,200,000

www.greatpointproperties.com August 2010

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Nantucket Property Journal

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Ocean Views on Baxter Road

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 â&#x20AC;&#x201C; 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.

4 Bedroom ranch style home with fireplace(circa 1976) has ocean views. Walk to beach, Sconset center, and restaurants. Rare for this section of Baxter Road, this is a conforming SR-20 lot, 22,500 sq. ft. square, that offers great potential for the new homeowner as there is room to expand! Owner is a licensed real estate salesperson in MA.

$2,950,000 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

4 bedroom house was built new in 1995 - needs some TLC. Over sized lot will allow for much expansion. RC2 Zoning allows for wide variety of uses. Failed septic, sewer available in street. Priced to sell!

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. Oil FHA heat. Many updates. Broker owned.

$450,000

$1,695,000

Chatfield-Taylor Real Estate 91 Washington Street Ext. Nantucket, MA 02554 Tel: (508) 228-5828 Fax: (508) 825-7520 www.chatfield-taylor.com

GREAT POINT PROPERTIES RENTALS

& SALES

Exceptional Oceanfront Estate with Gracious Amenities Located in a Stunning Setting

$23,500,000 Listed by Bill Liddle

1 North Beach Street

Nantucket Massachusetts 02554 508.228.0890

www.greatpointproperties.com

Cooper Shepherd Real Estate Sales & Vacation Rentals

Brant Point

2,365,000

Brant Point

Town

1,399,000

Town

Town Condo

690,000

2,295,000

995,000

Scoset Land

1,200,000

Town

1,695,000

Cliff Condo

759,900

House & Cottage 995,000

PLEASE CALL FOR DETAILS ZERO MAIN STREET NANTUCKET, MA |

WWW.COOPERSHEPHERD.COM

| 508-228-5668

Cooper Shepherd Real Estate Sales & Vacation Rentals Town 3,850,000

Fisher’s Landing 997,000

Waterviews in Madaket 850,000

PLEASE CALL FOR DETAILS ZERO MAIN STREET NANTUCKET, MA |

WWW.COOPERSHEPHERD.COM

| 508-228-5668

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10 Easy Street, Nantucket MA 508-228-0976 • fax 508-228-5961 Please check our website for more information

www.killenrealestate.com UNIQUE BRANT POINT

WALSH STREET

CLIFF ROAD

COMMERCIAL BUILDING & LOT

$2,875,000

$2,650,000

$1,795,000

$1,595,000

8 bedrooms, 3.5 baths

3 bedrooms, 4.5 baths

3 bedrooms, 2.5 baths

2 bedrooms, 2.5 baths

CLASSIC BRANT POINT

MILK STREET

SURFSIDE VIEWS

CLIFF AREA

$1,550,000

$1,450,000

$1,399,000

$1,295,000

3 bedrooms, 2 baths

2 bedrooms, 2 baths

3 bedrooms, 3.5 baths

4 bedrooms, 2.5 baths

COMMERCIAL BUILDING

MADAKET

OFFICE BUILDING

BRANT POINT

$995,000

3 bedroms, 1 bath

$950,000

3 baths

2 bedrooms, 1 bath

MID-ISLAND

PARK CIRCLE

$1,125,000 2 bedrooms, 2.5 baths

SURFSIDE ROAD

$825,000 5 bedrooms, 3.5 baths

BRANT POINT

$800,000 2 bedrooms, 1 bath

$765,000

$399,000

3 bedrooms, 2 baths

3 bedrooms, 2.5 baths

DEBORAH KILLEN • ROBERT YOUNG • BRUCE BENI • EUGENIE VOORHEES • JOSHUA LOTHAN 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

HARBOR VIEWS

HARBOR VIEWS - MONOMOY

$6,995,000

8 bedrooms, 6.5 baths

$6,750,000

HARBOR VIEWS - MONOMOY

$6,500,000

6 bedrooms, 7 baths

5 bedrooms, 3.5 baths

CLIFF ROAD

6 bedrooms, 6.5 baths

$5,900,000

4 bedrooms, 5.5 baths

COMMERCIAL LAND Newly created commercially zoned lot outside of the aquifer protection zone.

$1,599,000

DEBORAH KILLEN • ROBERT YOUNG • BRUCE BENI • EUGENIE VOORHEES • JOSHUA LOTHAN 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 NORTH LIBERTY

POCOMO WATERFRONT

$4,400,000

4 bedrooms, 3.5 baths

$3,950,000

SIASCONSET

INDIA STREET

$3,900,000

1 bedroom, 1 bath

$3,895,000

CLIFF ROAD

$3,600,000

5/6 bedrooms, 5 baths

POLPIS SCHOOL HOUSE

6 bedrooms, 4.5 baths

$2,895,000

3 bedrooms, 2 baths

5 bedrooms, 4.5 baths

HEARTS EASE

BRANT POINT

$1,350,000

5 bedrooms, 4.5 baths

$1,195,000

5 bedrooms, 2 baths

DEBORAH KILLEN • ROBERT YOUNG • BRUCE BENI • EUGENIE VOORHEES • JOSHUA LOTHAN Member of Nantucket Association of Real Estate Brokers. We can show you any property listed on Nantucket

Eight Federal Street • Nantucket, MA 02554 • 508.228.4449

w w w. j o r d a n r e . c o m

Town • $3,695,000 • 7 Bedrooms, 4 1/2 Baths

Town • $2,575,000 • 4 Bedrooms, 4 Baths

Town • $3,199,000 • 5 Bedrooms, 4 1/2 Baths

Cliff • $5,900,000 • 4 Bedrooms, 5 1/2 Baths

Town • $1,995,000 • 5 Bedrooms, 4 1/2 Baths

Cliff • $759,000 • 2 Bedrooms, 2 Baths Condo August 2010

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Nantucket Property Journal

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Eight Federal Street • Nantucket, MA 02554 • 508.228.4449

w w w. j o r d a n r e . c o m

Dionis • $9,500,000 • 5 Bedroom Waterfront

Tom Nevers • $3,950,000 • 4 Bedrooms, 4 Baths Waterfront

Dionis • $3,350,000 • 4 Plus Bedrooms, 4 1/2 Baths

Quaise • $3,300,000 • 5 Bedrooms, 4 1/2 Baths

Sconset • $5,995,000 • 6 Bdrm Main House, 2 Bdrm Cottage

Surfside • $2,595,000 • 4 Plus Bedrooms, 6 1/2 Baths

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Nantucket Property Journal

• August 2010

Eight Federal Street • Nantucket, MA 02554 • 508.228.4449

w w w. j o r d a n r e . c o m

Naushop • $910,000 3 Bedrooms, 2 1/2 Baths

Surfside • $649,000 3 Bedrooms, 2 Baths

Naushop • $945,000 3 Bedrooms, 2 1/2 Baths

Naushop • $699,000 3 Bedrooms, 2 1/2 Baths

Mid-Island • $699,900 3 Bedrooms, 2 1/2 Baths

Naushop • $839,000 3 Bedrooms, 2 1/2 Baths

Nashaquissett • $799,000 3 Bedrooms, 3 Baths

Naushop • $485,000 2 Bedroom, 2 Bath Condo

Mid-Island • $695,000 4 Bedrooms, 3 Baths

August 2010

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Nantucket Property Journal

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Eight Federal Street • Nantucket, MA 02554 • 508.228.4449

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Cisco • $2,795,000 5 Bedrooms, 3 Baths

Naushop • $1,495,000 4 Bedrooms, 4.5 Baths

Dionis • $1,925,000 4 Bedrooms, 3 1/2 Baths

Brant Point • $1,795,000 3 Bedrooms, 2 Baths

Pocomo • $2,475,000 4 Bedrooms, 3 Baths

Madaket • $1,295,000 3 Bedrooms, 2 Baths

Naushop • $985,000 3 Bedrooms, 3 1/2 Baths

Madaket • $1,595,000 4 Bedrooms, 3 Baths

Cisco • $1,850,000 4 Bedrooms, 3 1/2 Baths

Nantucket Property Journal

• August 2010

Exclusive listing of . . .

Eight Federal Street • Nantucket, MA 02554 • 508.228.4449

w w w. j o r d a n r e . c o m

Exceptional Estate

Shawkemo • $12,950,000 • 6 Bedrooms, 9 Baths, 3 Powder Rooms

August 2010

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Nantucket Property Journal

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$9,500,000

Cliff Road

$3,395,000

Miacomet Pond

$2,095,000

Lincoln Circle Area $8,950,000

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.

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.

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

Pocomo

Surfside

Dionis

$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!

Town

$1,099,000

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.

Mid-Island

$775,000

Conveniently located near schools in a well established neighborhood. Four Bedroom home with two bedroom accessory apartment. Front Unit renovated in 2010. Spacious front and back yard.

$7,900,000

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.

Town

$1,295,000

New In-Town home off-the-beaten path on a quiet residential street. This recent construction features salvaged wood floors throughout and a comfortably open floor plan. A front porch provides space to enjoy a calm evening outdoors and a back patio has room for a grill.

Nashaquisset

$825,000

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.

$1,495,000

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

Town

$1,995,000

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

$715,000

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.

$2,875,000

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.

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

$600,000

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

Harborfront Estate Located in private setting on 5.7 acres in Pocomo with the island’s best views looking back into Town. This 6 bedroom, 6.5 bath property, which is in remarkable condition, boasts 1200 feet (+/-) of water frontage on Nantucket Harbor. No details were spared in the creation of this exquisitely designed gem.

Madaket - Hither Creek

$5,950,000

Beautiful, large Harborfront parcel on Hither Creek with “licensed” pier with float; extensive views of Esther’s Island, Tuckernuck and Madaket Harbor. This charming, old-style Madaket home features a vast, dramatic lawn that leads down to the water. Enjoy the beauty of the property while relaxing on the attached 50' x 20' wooden back deck.

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.

Madaket - Hither Creek

$3,999,000

This unique property sits at the edge of Hither Creek. A large outdoor deck and a private dock provide ample space to get out and enjoy the natural beauty; also included is a private mooring in the Creek. The property was tastefully renovated to maintain its island charm while offering up-to-date appliances and appointments.

Town

$3,500,000

The Harrison Gray House, currently run as an historic B&B and part of the Jared Coffin House, offers the convenience of living in the heart of Nantucket Town. With the wonderful large side yard and potential of off-street parking and residential living, this building with three floors of living space can certainly accommodate an extended family gathering.

Brant Point Lot Rare Brant Point Building Lot near Cliffside Beach Club. Price includes Milton Rowland & Associates $1,800,000 HDC approved plans for a 5 Bedroom Home. SALES & RENTALS | www.islandpropertiesre.com | WE CAN SHOW YOU ANY PROPERTY LISTED ON NANTUCKET

Bennett Witte Real Estate

Skyline Drive Exceptionally lovely home with private grounds designed for outdoor entertainin â&#x20AC;&#x201D; summer kitchen, swimming pool, 2 waterfalls, indoor theater, gentlemens 'club' room, comfortable and spacious, ample storage for all your sports gear, built-in library cabinetry and paneling. Serene setting. $2,200,000 Walking distance the ocean.

Washington Street 3-bay, side gable, Federal style detached building of "contributing significance" in the downtown commercial district. This 1-3/4 story built circa 1750 has shed dormer addition on street facade, off-center end-wall brick chimney, 6 over 6 windows, the primary door features pilaster and pediment detail. One block from the Harbor and two blocks to Main Street, adjacent to the proposed Wiles Square development. $1,199,000

Vestal Street Perched atop a rolling hill on a picturesque country lane overlooking wood shingled roofs and Hedgebury Lane's miles of manicured privet with an eye towards a distant view of Nantucket Sound. Town Sewer and well water. A hop, skip and a jump to Town.

$748,000

Susan Bennett Witte GRI, CRS, CBR, CCIM, ABR

508-269-3309

sbwitte@comcast.net

QUIDNET

$3,295,000

This well maintained and thoughtfully laid out home sits high on a hill and enjoys fresh breezes with beautiful views of Polpis Harbor and Sankaty Light House. This 4 br, 3 ba home offers separate wings for relaxed and private living. One mile to Sesachacha Pond where you can enjoy some of the many outdoor activities that Nantucket Island has to offer. Expansion possibilities.

Dan Barber, Broker Congdon and Coleman Real Estate 508-325-5000 x13 (office) | 508-325-2072 (cell) danb@congdonandcoleman.com

Debbie Willett 508-325-2964 debbiew@sconsetrealestate.com www.sconsetrealestate.com WHALING COTTAGE

“TUCKAWAY”

Enter “Belle’s” extraordinary private, fenced garden through a gated arbor. This captivating property is one block from the ocean. The two bedroom, two bath Main house was totally renovated in 2008. Open floor plan with French doors leading to garden and Enchanting Studio.

Charming original craftsman 3 bedroom, 1 bath cottage with sleeping porch built in 1927. Garage with shop. Oversized private lot tucked away in Sconset historic Village. Room to expand cottage. Adjacent 5,000 square foot vacant lot. EXCLUSIVE $1,600,000 (house,lot); $700,000 (lot);$1,100,000 (house)

EXCLUSIVE $1,399,000

BRIGADUNE IN SCONSET

JUST OFF CLIFF ROAD Quiet residential neighborhood, close to Town and Steps Beach.Wrap around porch.Three bedrooms, three baths, custom woodworking and tile work. Many extras. Move-in condition. Owner/MA Broker.

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 $1,595,000

EXCLUSIVE $1,725,000

LOW BEACH SCONSET WITH OCEAN VIEWS This main house,guesthouse/garage features 5 Bedrooms 5+ bathrooms.Wrap around porches & decks. Charming guesthouse. Pool house with 1/2 bath. Oversized yard. Excellent rental history. Minutes to theVillage Square and Beach.

EXCLUSIVE $4,100,000

“SPAR” Affordable and quaint, two bedroom Sconset home located in Sankaty Village. Spacious private yard surrounded by mature hedges and trees. Large unfinished attic, screened porch or front deck. Family friendly cul-de-sac street. Room to expand. Off-street parking.

EXCLUSIVE $1,095,000

40 Centre Street, Nantucket, MA 02554

ISLAND PROPERTIES 35A Old South Road, Nantucket

Annie’s Song Exclusive Listing in ’Sconset 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 $1,150,000 “turn key” property in ’Sconset.

The Harrison Gray House, currently run as an historic 12-bedroom Inn and part of the Jared Coffin House, offers the convenience of living in the heart of Nantucket Town. With the wonderful large side yard and potential of off-street parking and residential living, this building with three floors of living space can certainly accommodate an extended family gathering.

SERVING NANTUCKET ISLAND

$3,500,000

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

Debbie Chatham Cleveland Office: 508.228.6999 x13 • Cell: 508.277.7522 debbie@islandpropertiesre.com

BUSINESS DIRECTORY Michael Glowacki 12 Oak St. Nantucket, MA 02554 508 221 1430 cell 508 228 9227 fax 508 228 9117 office mike@windwalkerrealestate.com

19 Centre Street, Nantucket, MA 02554 cell: 508-228-8217 • office: 508-228-3202 ext. 22 fax: 508-228-8756 • email: sspring@jpfco.com

Leanne (Lili) Baker

Dalton T. Frazier,

BROKER

Principal Broker

508 228 4449 ext. 121 Cell: 508 246 9898

19 Centre Street, Nantucket, MA 02554 508-228-3202 ext. 11 • 508-360-6517 cell 508-228-8756 fax • dfrazier@jpfco.com

Mark Pruner

Suzi Spring

Eight Federal Street Nantucket, MA 02554

Greenwich, CT

Nantucket ~ Best 2nd Home Greenwich ~ Great 1st (or 3rd) home

J Pepper Frazier II, Connecticut Realty Over 25 years of Nantucket vacation experience 203-969-7900 • GreenwichStreets.com • mark@prudentialct.com

Principal Broker 19 Centre Street, Nantucket, MA 02554 508-228-3202 • 508-680-6676 cell 508-228-8756 fax • jp2@jpfco.com

Susan Chambers

Debbie Chatham Cleveland

susan@maurypeople.com | maurypeople.com 508.228.1881 ext. 100 office | 508.560.0671 cell

Office: 508.228.6999 x13 • Cell: 508.277.7522 debbie@islandpropertiesre.com

Broker, Sales and Rentals

Maury People Sotheby’s International Realty 37 Main Street, Nantucket, MA 02554

ISLAND PROPERTIES Real Estate Investments 35A Old South Road • Nantucket, MA 02554

debbid@debbid.com

Christian Kling 19 Centre Street, Nantucket, MA 02554 508-446-0444 cell • 508-228-3202 ext. 20 508-228-8756 fax • ckling@jpfco.com

August 2010

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Nantucket Property Journal

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Craig Hawkins Broker 37 Main Street, Nantucket Island, MA 02554

Phone: 508-228-1881 ext. 119

craig@maurypeople.com

MADEQUECHAM

TOWN

This outstanding South Shore Ocean Front Estate features a meticulously maintained five bedroom post and beam style house with a two bay garage. It also has an additional, detached two bay garage converted to a game/playroom and a studio above. This very special property is situated on almost three

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.

$4,465,000

$4,900,000

QUAISE

TOWN

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.

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

$2,625,000

TOWN 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.

amenities in a most convenient location.

$3,875,000

WAUWINET 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

$2,975,000

MID ISLAND Very clean house on a large, potentially sub-dividable lot, creating a lot with exposure on Old South Road. House and setting is very private. Plenty of room for expansion, pool, etc.

$895,000

TOWN 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 ®,™ 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

TOWN 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

BRANT POINT 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

TOWN

craig@maurypeople.com

CLIFF Beautifully restored 1747 antique home on desirable Cliff Road just a five minute walk into town. Many original features intact 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 spaces. $5,275,000

POLPIS This new home 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. Two car garage, pool, Russound stereo system with in wall touch-pads throughout; 2 central vacuum systems and more.

$4,989,000

CISCO

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.

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.

$3,475,000

POLPIS A wonderfully private, secluded property in Polpis overlooking over 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 and garage. Beautiful infinity pool overlooking conservation.

$6,950,000

SHAWKEMO 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. Featured in Interiors Magazine.

$10,800,000

®,™ 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@comcast.net

NAREB DIRECTORY

Cooper Shepherd Associates 508-228-5668 Zero Main 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

Journal

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