NAREB News January 13, 2011 by NAREB

NANTUCKET

PROPERTY NEWS Vol. 2 No. 18

A publication of the Nantucket Association of Real Estate Brokers

January 13 ~ 26, 2011

Nantucket’s real estate market bounces back After dismal 2009, island sees massive gains in 2010 By Chris Edmonds Property News Writer

he tide turned in 2010. Four years of decline in the real estate market gave way last year to increases of more than 50 percent in transaction vol-

ume and value of sales. The island remains far off the lofty heights of 2005 when sales approached $1.2 billion, but weathering the recession, the market felt much-needed relief in 2010. Transactions rose about 53 percent from 238 in 2009 to 364 in 2010. The dollar value of those sales jumped

almost 60 percent from $435 million, the market’s worst showing since 2003, to $694 million. Average price crept up about 4 percent from $1.82 million to about $1.9 million, while the median price fell almost 9 percent from $1.175 million to $1.073 million. Market, continued on page 12

CONVERSATIONS

LNantucket I N K

KEN BEAUGRAND

Top New Listings Dec. 29 ~ Jan.11 $3,900,000 Town Darling Street 6/3.5 Jordan Real Estate

BY MARY LANCASTER PROPERTY NEWS WRITER

en Beaugrand was relaxed and happy as he took a seat at the spacious conference table upstairs in his new office. The year has had an exciting start for Beaugrand, whose Nantucket Real Estate business joined officially on January 3 with Atlantic East Real Estate to become Atlantic East/Nantucket Real Estate. “There will be one presence on LINK and in all the ads, and one office at 5 North Water Street,” he explained. In addition to that news, Beaugrand was elected President of the Nantucket Association of Real Estate Brokers as of January 1. He previously served as NAREB’s President for 6 years, then continued on its executive committee and was Vice-President for the last two years. Although he has played a major

$2,895,000 Tom Nevers Wanoma Way 4/4 Great Point Properties $2,495,000 Cisco Westerwyck Way 5/3 Maury People/ Sotheby’s $2,250,000 Surfside Nobadeer Avenue Land Great Point Properties $1,395,000 West of Town Wamasquid Place 4/3.5 Coffin & Sconset Real Estate

$789,000 Tom Nevers Clarendon Street 3/3 Windwalker Real Estate

War hero makes history on Broadway By Peter B Brace Property News Writer

n the night of March 24, 1944, 76 British and American prisoners of war escaped from Stalag Luft III, a German prison camp near Sagan, Poland during the Second World War. Of those who helped orchestrate the

MAILING LABEL

INSIDE

$1,345,000 Mid Island Sanford Road, 4&6 Commercial Great Point Properties

Beaugrand, continued on page 12

JORDI CABRE PHOTO

NANTUCKET

HOUSE STORIES

WHAT’S ON THE MARKET?

escape — which included three tunnels planned for up to 200 prisoners — was then Lieutenant Colonel Albert P. Clark, an American pilot flying a British Spitfire as part of the 31st Fighter Group, the first American fighter unit in the European Theater of Operations. House Story, continued on page 14

5 GREAT VALUES, TODAY!

PROPERTY TRANSFERS

The exclusive list of all properties for sale on Nantucket.

From Town to Tom Nevers, these proprties emerge as attractive buys.

Peruse properties that have sold on the island over the past two weeks.

Page 2

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LNantucket I N K

with Andrew Spencer

GET REAL

Area Price

Bed/ Bath

Street

Lot Size

Listing Type

Brant Point

Thinking Problems

ccording to a 2005 Reuters news article, David Lynch — director of, among other things, the 1990’s sensation Twin Peaks — had himself a plan to create instant world peace. It seems that Mr. Lynch wanted to start a foundation with the goal of raising $7 billion, which he figured was about the price tag for global harmony. It’s a noble goal, to say the least, so I’m not going to disparage his idealistic undertakings. Oh, wait. Yes, I am. Lynch didn’t want to use this ungodly sum of cash to get rid of weapons of mass destruction or finance political reforms or anything like that. Nope. He wanted to get together 8,000 practitioners of transcendental meditation to create what he called “a unified field of stress-free brain waves over the earth.” Some days, it’s just too hard to pass up these little gems. Let’s look at all the things that are wrong with this idea, shall we? First off, I admit to not being the world’s foremost authority on transcendental meditation, but I did once go to a Buddhist temple. And part of the whole Buddhist thing is that money isn’t the be-all, end-all that so many non-Buddhists think it is. So for starters, why do these meditators need $875,000 each to think about world peace? Who knew transcendental meditation paid so well? But I digress. Let’s move past the money. Transcendentalists pride themselves on their ability to detach their minds from the whole process of thinking. So in essence, they don’t think. So these very well-paid people are going to think their collective way to world peace by not thinking. They’re going to create stress-free brainwaves (read: “thoughts”) without thinking. Makes sense, right? I mean, you wouldn’t want these people to be doing something simple like thinking by thinking, especially given how much they’re getting paid, right? Here’s the thing. I’m really not here to make fun of these people. That’s only one part of why I’m here. Another part of why I’m here is to illustrate a point, which this whole debacle illustrates pretty well without too much help from me, and that’s the idea that thinking about a problem doesn’t make it go away. Let me clarify a little. Of course there are problems that require thought to solve — this is, after all, how we come up with solutions — but to my mind and in my experience, there’s actually a little work that has to follow up the thinking process in order to get any tangible results. Let’s use your house as an example. We’ll do a little hypothetical here, and say that you’ve got something at your house that needs to be repaired. Maybe the outside needs reshingling, or you’ve got a leaking faucet in a bathroom, or the tile in your bathroom is falling off the wall. Whatever the actual problem is doesn’t matter, so much for our purposes here. So you’ve got this problem that needs to be fixed, and you’ve got a couple of options in terms of how to get that repair done. You can call me and pay me three-quarters of a million dollars (which is a bargain, apparently) and I’ll come over and think about it. I’ll think about it by not thinking about it, actually. I’ll think really hard about not thinking about it. And then I’ll thank you for your contribution to my new Bentley, and on we go. Or you can actually do something about it and hire a professional to do the job for you. And while I’d love to bilk you blind without having to actually produce anything, I’m going to have to go ahead and recommend hiring someone who has some semblance of an idea of what they’re doing. It never ceases to amaze me how specialized a lot of the tradespeople are out here on Nantucket. No matter what your specific situation, it seems that there’s somebody in the yellow pages who fits the bill exactly for what you’re seeking. And speaking of thinking, one thing I’ve learned over the years is that the longer you think about a problem, the longer you’re putting off actually getting it fixed. And that delay almost always seems to lead to an increase in the severity of the problem. So since we’ve got this whole New Year thing going on, why not make your own little new year’s resolution to get those problems fixed this year. You might find that your thinking gets a little less stressed-out. And you didn’t even have to go through hundreds of thousands of dollars worth of transcendental meditation training for it. I’ll just send you my bill in the morning. Happy New Year.

Andrew Spencer, a fifth-generation summer resident-turned-year-rounder, has been writing about Nantucket since moving to the island full-time in 2002. He is the author of, “Tower of Thieves: Inside AIG’s Corporate Culture of Greed,” and also the co-author of “Bear Trap: The Fall of Bear Stearns and the Panic of 2008.”

$499,000 $975,000 $975,000 $1,350,000 $1,495,000 $1,550,000 $1,795,000 $2,295,000 $2,365,000 $2,400,000 $2,695,000 $2,750,000 $2,995,000 $3,975,000

Cornish St North Beach St North Beach St Cornish St Walsh St Dolphin Court North Ave North Beach St Stone Barn Way North Beach St East Lincoln Ave Dolphin Court Dolphin Court Easton St

0/0 0/0 0/0 0/0 0/0 0/0 0/0.5 0/0.5 0/0.5 0/0 0/0 0/0.5 0/0.5 0/0.5

0.03 0.14 0.19 0.10 0.14 0.14 0.94 0.21 0.14 0.18 0.10 0.15 0.13 0.13

SF SF Com SF Land Land SF SF SF SF SF SF SF SF

ISLP ISLP ISLP KILL AERE FRAZ KILL CSAA CSAA MAUR WWRE FRAZ FRAZ MAUR

Somerset Rd 0/0 Nanahumacke Ln 0/0.5 New Hummock 0/0.5 Moby Way 0/0 Nanahumacke Ln 0/0.5 Westerwyck Way 0/0 Austine Locke 0/0 Osprey Way 0/0.5 Caroline Way 0/0.5 Falmouth Ave 0/0.5

0.25 0.29 0.92 0.50 0.29 0.46 0.72 0.42 0.55 0.24

Land SF SF SF SF SF Land SF SF SF

MAUR JORD JORD CSAA JORD MAUR CONG MAUR MAUR MAUR

$759,900 Cliff Rd 0/0 $910,000 Delny Rd 0/0 $975,000 Delny Rd 0/0 $1,295,000 Derrymore Rd 0/0 $1,650,000 Cliff Rd 0/0 $1,899,000 Pilgrim Rd 0/0 $2,250,000 Cliff Rd 0/0 $2,350,000 Hamblin Rd 0/0.5 $2,395,000 North Star Ln 0/0.5 $2,475,000 Cliff Rd 0/0 $2,849,000 Capaum Pond Rd 0/0 $3,395,000 Cliff Rd 0/0.5 $4,350,000 Deacons Way 0/1 $5,275,000 Cliff Rd 0/0.5 $6,750,000 Lincoln Circle 0/1 $6,900,000 Hallowell Ln 0/0.5 $6,995,000 Capaum Pond Rd 0/1 $8,950,000 Kimball Ave 0/0 $12,900,000 Lincoln Ave 0/0.5 $15,500,000 Chase Links 0/0 $23,700,000 Sherburne Way 0/0.5 $23,750,000 Lincoln Ave 0/1.5

0.00 0.14 0.22 0.20 1.84 0.50 0.67 0.27 0.18 0.46 0.19 0.29 2.00 0.14 0.38 0.58 1.15 2.13 0.53 9.12 1.66 0.79

Condo Land SF SF Land SF SF SF SF SF SF SF SF SF SF SF SF SF SF Land SF SF

JORD MAUR ISLP CVIL ISLP COFF FRAZ CONG PREF MAUR WWRE MAUR MAUR MAUR GTPT WWRE WWRE ISLP GTPT WWRE MAUR MAUR

0/0.5 0/0.5 0/0.5 0/0 0/0.5 0/0.5 0/0.5 0/0.5 0/0 0/0 0/0

1.00 1.00 1.95 2.02 1.96 1.96 1.84 1.84 5.09 1.97 13.46

SF SF SF SF SF SF SF SF Land SF Land

BAMB MAUR JORD WWRE GTPT FRAZ ISLP FRAZ MAUR JLEE AERE

0/0 0/0 0/1 0/0.5 0/0.5

0.15 1.00 0.49 0.12 0.15

Land SF SF SF SF

FRAZ AERE FRAZ FRAZ MAUR

Arkansas Ave 0/0 Arkansas Ave 0/0 Arkansas Ave 0/0 Arkansas Ave 0/0.5 Rhode Island Ave 0/0 Ridge Ln 0/0 Washington Ave 0/0.5 New Jersey Ave 0/0 Washington Ave 0/0 Long Pond Drive 0/0.5 Madaket Rd 0/0.5 Starbuck Rd 0/0 Starbuck Rd 0/0.5 Washington Ave 0/0.5 H St 0/0.5 Tennessee Ave 0/0

0.07 0.04 0.08 0.07 0.23 0.23 0.19 0.45 0.23 0.93 2.32 0.74 0.48 0.57 0.41 0.29

SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF

AERE MAUR JLEE COFF WWRE CVIL MAUR MAUR CSAA AERE CONG FRAZ MAUR KILL MAUR GTPT

Cisco $519,000 $1,795,000 $1,850,000 $1,995,000 $2,095,000 $2,495,000 $2,995,000 $3,475,000 $3,699,000 $3,995,000

Cliff

Dionis $995,000 $1,695,000 $1,925,000 $2,395,000 $2,850,000 $2,850,000 $2,875,000 $4,995,000 $5,950,000 $5,975,000 $9,995,000

Swift Rock Rd Swift Rock Rd Bishops Rise Eel Point Rd Eel Point Rd Eel Point Rd Fintry Ln Lavendar Ln Eel Point Rd Huckleberry Ln Eel Point Rd

Hummock Pond $695,000 $995,000 $1,150,000 $1,395,000 $1,495,000

Aurora Way Austin Farm Dr Pond Rd Aurora Way Aurora Way

Madaket $325,000 $329,000 $350,000 $489,000 $660,000 $825,000 $999,000 $1,100,000 $1,200,000 $1,389,000 $1,595,000 $1,995,000 $1,995,000 $2,250,000 $2,995,000 $3,750,000

Continued on page 16

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Nantucket Property News

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January 13, 2011

Office

PROPERTY NEWS

A Publication of the Nantucket Association of Real Estate Brokers President Bill Liddle

Vice President Ken Beaugrand

Past President Penny Dey

Secretary Dalton Frazier

Treasurer Bernie Coffin

Members at Large Kenneth Lindsay & David Boyce

Conversations Ken Beaugrand

Nantucket House Stories 16 Broadway

New Listings

Get Real Spencer thinks about thinking

LINK Nantucket The only comprehensive list of properties for sale on Nantucket

21 5 Great Values 23 Property Transfers

ADVERTISER INDEX

Editor Don Costanzo Contributors Rob Benchley Mary Lancaster Peter B. Brace Andrew Spencer Jordi Cabre Peter A. Sutters Distribution Ken Turgeon Nantucket Property News is published every other week by the Nantucket Association of Real Estate Brokers and is distributed free on Nantucket. All content of this newspaper, including without limitation the design, advertisements, art, photos and editorial content is Copyright “C” 2010, NAREB. No portion of this newspaper may be copied or reprinted without the express written permission of the publisher. Nantucket Property News is a registered trademark of NAREB, PO Box 335, Nantucket, MA 02554.

4 Atlantic East/Nantucket Real Estate

17 Maury People/Sotheby’s

6 Island Properties

18 Jordan Real Estate

7 Craig Hawkins

19 Boyce Realty

8 Great Point Properties

20 J Pepper Frazier Co.

10 Coffin Real Estate

20 Lee Real Estate

10 Welch & Associates Inc. RG

22 Michael Angelsatro

11 Compass Rose Real Estate

For advertising, editorial or other inquiries contact:

13 Westbrook Real Estate

Editor Don Costanzo at don@costanzo.com

www.nareb-online.com

16 J Pepper Frazier Co.

22 Chandra Miller 24 Maury People/Sotheby’s

C O N T E N T S

NANTUCKET

FEATURES

NAREB DIRECTORY Atlantic East Real Estate

Congdon & Coleman Real Estate

508-228-7707 5 N. Water Street Nantucket, MA 02554 office@atlanticeastre.com www.atlanticeastre.com

508-325-5000 57 Main Street PO Box 1199 Nantucket, MA 02554 office@congdonandcoleman.com www.congdonandcoleman.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

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

Coffin Real Estate 508-228-1138 40 Centre Street Nantucket, MA 02554 office@coffinrealestate.com www.coffinrealestate.com

Compass Rose Real Estate 508-325-5500 137A Orange Street PO Box 935 Nantucket, MA 02554 compass@compassroserealestate.com www.compassroserealestate.com

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

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

Great Point Properties 508-228-0890 1 North Beach Street Nantucket, MA 02554 info@greatpointproperties.com www.greatpointproperties.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

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

LandVest 508-325-5090 28 Centre Street Nantucket, MA 02554 jdresser@landvest.com www.landvest.com

Lee Real Estate

Tea Rose Realty

508-325-5800 58 Main Street Nantucket, MA 02554 office@leerealestate.com www.leerealestate.com

508-228-7719 22 Golfview Drive PO Box 19 Nantucket, MA 02554 www.tearosenantucket.com

Maury People Sotheby’s International Realty

Vaughan Machado Real Estate 508-228-5062 5 Sesapana Road PO Box 1095 Nantucket, MA 02554 vaughanmachado@comcast.net

508-228-1881 37 Main Street Nantucket, MA 02554 info@maurypeople.com www.maurypeople.com

Nantucket Real Estate

Welch & Associates Inc. RG

508-228-2530 15 North Beach Street Nantucket, MA 02554 info@nantucketrealestate.com www.nantucketrealestate.com

508-228-7777 7 Nashaquisset Lane Nantucket, MA 02554 steph@welch-associates.com

Westbrook Real Estate

Osprey Real Estate

508-257-6206 PO Box 262 Siasconset, MA 02564 office@westbrookrealestate.com www.westbrookrealestate.com

508-228-7890 PO Box 955 Nantucket, MA 02554 ospreyrealestate@comcast.net

Preferred Properties

Windwalker Real Estate

508-228-2320 76 Easton Street Nantucket, MA 02554 brokers@preferredpropertiesre.com www.preferredpropertiesre.com

508-228-9117 12 Oak Street Nantucket, MA 02554 info@windwalkerrealestate.com www.windwalkerrealestate.com

Pro Buyer Associates 508-228-7500 77 Sparks Avenue Nantucket, MA 02554 royflanders@gmail.com www.probuyer.com

‘Sconset Real Estate 508-257-6355 Post Office Square PO Box 122 Siasconset, MA 02564 www.coffinrealestate.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 form with your broker, so that agency is disclosed. January 13, 2011

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Nantucket Property News

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NANTUCKET REAL ESTATE PO Box 1407, 5 North Water Street, Nantucket, MA 02554 T: 508-228-7707 F: 508-228-7780 www.NantucketRealEstate.com

Secluded Surfside Setting …

Points of View

Curb Appeal & Comfort

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.

Bright and spacious upside- down home offers gracious summer living with views of Long Pond and Madaket Harbor. Two living areas, four bedrooms, three full baths and large south facing deck complete this well-maintained home. Move right in!

From this spacious 3 bedroom, 2 bath home. Two living areas, two fireplaces, a sizable kitchen and dining room. One of the larger lots in Naushop with an enclosed yard. A community pool, tennis courts and playground included.

$1,395,000 Listing Broker: Mary Malavase,ABR, RSPS,TRC

$1,389,000 Listing Broker: Penny Dey, GRI, ABRM

$989,000 Listing Broker: Ken Beaugrand

Almost in Town

On the Way to Cisco…

First Floor Living

This spacious single story home features 3 bedrooms with a welcoming open floor plan. A desirable location with a sizable yard and attached garage.

An ideal location for summer or year round living. This custom built, cape style home offers 3 bedrooms, 2 baths, an inviting living area with cathedral ceiling & fireplace and an attached garage. Almost an acre of land.

From this 3 bedroom 2 bath home on the edge of town. Desirable open floor plan, plenty of storage and room to expand.

$865,000 Listing Broker: Ken Beaugrand

$995,000 Listing Broker: Ken Beaugrand

$725,000 Listing Broker: Ken Beaugrand

House and Cottage

Sconset Land

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. $679,000 Listing Broker: Penny Dey, GRI, ABRM

Over a quarter of an acre with town water & sewer available. Located off Clifton Street. Please call for more details.

Over 13 acres Of unspoiled land with panoramic 2nd floor views of Nantucket Sound. Abuts Conservation land. Potential for subdivision. Peaceful location near the north shore. Please call for details.

Listing Brokers: Ken Beaugrand & Gail Osana

$589,900 Listing Broker: Ken Beaugrand

www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio 4 • Nantucket Property News • January 13, 2011

Penny Dey, GRI, ABRM Heidi Drew, ABR, RSPS Ken Beaugrand Yvonne Breslin Peter DuPont Ginger Ivey Mary Malavase, ABR, RSPS,TRC Erikka Perkins Lisa Sherburne, ABR, RSPS Anne Remian Melinda Vallett Christine Whelden Soo Woodley

Blocks to Main Street

Quidnet Near the Sea

Polpis Harbor Views

Pristine three bedroom Greek Revival in town with updated kitchen and baths. Enclosed yard and free-standing garage with previously approved plans for second dwelling.

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.

Four acres of tranquility on the way to Wauwinet. This 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 entertaining.

$1,295,000 Listing Broker: Heidi Drew, ABR, RSPS

$1,695,000 Listing Broker: Penny Dey, GRI, ABRM

$2,990,000 Listing Broker: Melinda Vallett

Naushop Traditional

Everything You Ask For

Charming and Bright...

Excellent opportunity in a lovely area of Naushop. Three floors of living space in this four bedroom, three and a half bath home. Large private back yard.

4 bedrooms,3 baths, 2 fireplaces, open floor plan, stylish kitchen, extraordinary outdoor living space, full basement & a covered porch. Over a half acre of land with room to expand.

home nestled on a quiet cul-de-sac in Nashaquisset. Open floor plan for easy entertaining. Three generous bedrooms with three full bathrooms. Nashaquisset offers year round caretaking,use of pool and tennis courts and magnificent landscaping. Property is for sale partially furnished.

$795,000 Listing Broker: Ginger Ivey

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

$790,000 Listing Brokers: Melinda Vallett and Penny Dey

3 Friendship Lane

Comfy and Snug

A Peaceful View

A half acre of land with town water & sewer available. Easy access to the bike paths, Miacomet Golf Course and south shore beaches.

Cozy home on half acre in residential neighborhood close to town. Ample room for expansion or second dwelling.

From this 2 bedroom and 2 bath town house. Three floors of living space and 2 decks for outdoor enjoyment.

$495,000 Listing Broker: Ken Beaugrand

$519,000 Listing Broker: Mary Malavase,ABR, RSPS,TRC

$325,000 Listing Broker: Ken Beaugrand

www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio January 13, 2011 â&#x20AC;˘ Nantucket Property News â&#x20AC;˘ 5

Pocomo

$3,295,000

This classy Custom Beach Home has it all - great construction technique, layout, superb views of Wauwinet Harbor as well as deeded beach access which is 150' away. Wauwinet Harbor is perfect for swimming, boating, kayaking, windsurfing, as well as fishing and clamming.Truly a great slice of Nantucket Real Estate!

Town

$1,795,000

Overhead where the tree-tops meet — Charming, upper Main Street antique home on over-sized lot with room for expansion. Historic, lovingly-maintained home is filled with details of ages past. Deep, brick driveway, large yard, detached garage and separate shed equipped with generator.

Brant Point

$975,000

This 3-bedroom, 2-bathroom cottage is located in the desired Brant Point area. Air conditioning, yard and front deck with privacy are a few of the amenities offered here. This property is very close to the heart of downtown and walking distance to beaches — this is a great summer location!

Lincoln Circle Area

$8,950,000

This property is currently 2 over-sized lots, one of which has a classic summer home on it. This is unarguably one of the island's most desired neighborhoods.This location provides privacy while being moments from Beaches and Town. If so desired a 4 lot ANR subdivision is possible.

Town

$1,245,000

This delightful post-and-beam home offers plenty of privacy in a convenient location. The well-designed outdoor spaces provide ample seclusion and feels much like a private garden retreat. The comfortable interior is perfect for families or to use as a rental property. Quality and Comfort just steps from Downtown.

Brant Point

$975,000

This unique property, which was once run as a hotel, is located in the heart of Brant Point and consists of 5 separate units. Its convenient location close to downtown amenities and beaches provides this with excellent potential as a rental property.

SALES & RENTALS | www.islandpropertiesre.com | WE CAN SHOW YOU ANY PROPERTY LISTED ON NANTUCKET

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Nantucket Property News

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January 13, 2011

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

Phone: 508-228-1881 ext. 119

craig@maurypeople.com

R DE ACT N U TR N CO

MADAKET

TOWN

CLIFF

TOWN

QUIDNET

In a stunning location, this four bedroom house offers magnificent views of Long Pond, the ocean and conservation land.

Nicely renovated antique with exceptionally large back yard and off street parking, 5 or 6 bedrooms.

Beautifully restored 1747 antique home on desirable Cliff Road, just a five minute walk into town. Many original features intact.

Originally built in the late 1700s and completely restored in 2007. 4 BR/4 full/2 half baths. Quiet Street.

Spacious, extremely well designed and built home that has had very little use, never rented and in immaculate condition.

$1,175,000

$4,465,000

$5,275,000

$2,975,000

$1,875,000

SURFSIDE

TOWN

SHAWKEMO

MIACOMET

TOWN

Recently built home on oversized lot, with beautiful materials and details; cherry floors; granite; nice finish work.

Two houses on an oversized lot with two driveways and so much separation they can easily be rented separately.

New construction. This is an extraordinary execution of a brilliant design. Unprecedented quality.

Well-built three bedroom, three bathroom home with attached garage and shed.

$2,675,000

$1,475,000

Beautifully restored in-town antique on an oversized, corner lot. Large garage and yard.

$10,800,000

$630,000

$3,875,000

POLPIS

TOWN

WAUWINET

TOWN

CISCO

New home features a fantastic floor plan and highest quality finishes, pool and views. 5 BR/5 full/2 half baths.

Beautiful 4 BR home in the Old Historic District on one of the most sought after streets.

One of the most spectacular locations on Nantucket. Enjoy ocean and harbor frontage.

Early 1800s antique home originally built in Vermont, disassembled and re-constructed on Nantucket in 1987.

Well designed, spacious home with views of Hummock Pond and a short walk to beach. A/C. Room for pool.

$4,989,000

$2,975,000

$12,900,000

$3,250,000

$3,475,000

TOWN

MADEQUECHAM

TOWN

SCONSET

TOWN

Beautifully executed renovation and addition of a 1930s bungalow design. One block from the top of Main Street.

Outstanding South Shore Ocean Front Estate features a meticulously maintained five bedroom post and beam style house.

4BR/2bath home in the historic district on desirable Lily Street. Separate 1BR cottage and detached two car garage.

Classic 1920s ‘Sconset Bluff Home with detached garage. Magnificent sunrises and views of Atlantic.

Two story, two bedroom, waterfront town house in a fantastic location with excellent rental history. Walk to Main Street.

$1,995,000

$4,900,000

$1,675,000

$795,000

$975,000

LAND LISTINGS DIONIS

5+ acres with views and 460’ feet of frontage on Eel Point. Existing three bedroom cottage on the highest point with views out over dunes and Nantucket Sound. Create your summer dream house! Potential for subdivision; two acre zoning.

$5,950,000

QUIDNET

Oversized, elevated parcel, 3.6 acres in size, with distant views of the Atlantic, Sesachacha Pond and Sankaty Light. One of the highest elevations in the Quidnet/Squam area, offering privacy, views and sunsets over conservation land.

$3,495,000

SHIMMO

MADEQUECHAM

TOWN

BRANT POINT

Over an acre of oceanfront property with 150' of ocean frontage, sunsets and wonderful beach.

Two separate 2 BR/2 bath condos, can remain as is or convert back to single family. Both have A/C and fireplaces.

Incredibly well executed restoration of a classic, bungalow style beach house with added cottage.

$2,695,000

$1,785,000

$3,975,000

Outstanding 1.6 acre lot in desirable Shimmo offers excellent views of Nantucket Harbor and Town. This elevated lot, with its exquisite assortment of mature trees, is located on a terrific, quiet road of upscale new homes. Lot affords nearly 4,800 square feet of ground cover for the construction of a main house, guest house, cabana for pool and tennis court. Deeded access to Shimmo Beach and boat mooring.

$3,395,000

CLIFF

Wonderful Cliff /Town location to create a nice family compound with house, guest house, garage, pool, etc... Sub dividable ANR lot.

$2,475,000

WAUWINET

Build your dream home on this outstanding, elevated, 3+ acre lot in Wauwinet, offering terrific views of the Harbor and Nantucket town in the distance.

$1,900,000

MID ISLAND

MIACOMET

WAUWINET

Very clean house on a large, potentially sub-dividable lot, creating a lot with exposure on Old South Road.

Two story beach house on two beautiful acres across from Miacomet Pond. Views of pond, ocean and conservation land.

Well built and maintained 4 BR home on three acres on the top of a hill overlooking Polpis Harbor.

$895,000

$1,995,000

$2,475,000

TOWN

Conforming, level lot on a very quiet street in one of the most desirable areas in the Town of Nantucket. Located in ROH zoning allowing for 50% ground cover, a building footprint of 2,550 square feet.

$1,450,000

CLIFF

Wonderful Cliff /Town location. Recent ANR Sub-Division.

$910,000

MID-ISLAND

RC-2 zoned lot, 6,500 +/- square feet, with outstanding visibility on Old South Road. Excellent opportunity for destination retail exposure, as well as duplex living potential, along one of Nantucket’s few commercial corridors.

$245,000

WAUWINET

TOM NEVERS

MID ISLAND

Beautiful custom home with detached cottage/studio. Magnificent piece of property.

Very nice ocean views from this three bedroom/two and a half bath upside down house located across the street from the bluff

Well maintained home located in a nice, well established, year round neighborhood close to schools, mid-island businesses.

$2,295,000

$1,495,000

$569,000

®,™ 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.

Tom Nevers Amazing oceanfront property. Panoramic views over the Tom Nevers Bluff, the open Atlantic Ocean, and all the way to Sankaty Light. Beach stairs right in front through the dunes to the beautiful surf beach. Watch and listen to the surf from your covered porch, second floor deck or roofwalk. There is some expansion potential and room for a swimming pool. $2,895,000

Mid-Island

Squam Lot

This over-sized lot, at an elevation of 28 feet above sea level, is one of the highest points in the area and offers expansive first floor ocean views and significant ground cover. Deeded beach access is only a short walk away. Well and six bedroom septic installed.

$1,695,000

A View of the Harbor’s Entry

Heirloom offering in a truly exceptional location on highly sought after Lincoln Circle perched on the Cliff with views over the harbor's entry to Great Point and beyond. This over-sized property runs from Lincoln Avenue down to Jefferson Avenue which ensures open views and outdoor space rarely available in this neighborhood.

$12,900,000

Sprawling family home with commercial potential all on one floor surrounded by mature plantings and landscaping. The layout affords both space and privacy, with two hallways with bedrooms flanking either side of the main living area which looks out onto the patio and in-ground pool for summer enjoyment and entertaining. Centrally located with a consistent summer rental history, the property offers a multitude of possibilities for a year round or seasonal family.

$829,000

Perfect Waterfront Retreat

Enjoy breathtaking sunsets and endless water views of forever-preserved Hither Creek, Madaket Harbor and beyond to Tuckernuck from the private dock, expansive deck and from inside this incredibly designed, renovated home. The “Hither Creek House” has been meticulously upgraded to maintain its authentic charm and history while offering top-of-the-line appliances and appointments. Property offers the addition of a boathouse.

Sleepy Hollow

Rambling single story in town home several blocks to Upper Main Street. This four bedroom home is tucked in on a quiet side street and features a wonderful courtyard garden and an enclosed terrace. The house was updated in the 1990s and has bright and open living spaces and a recently renovated kitchen with granite counters and stainless appliances.

$1,295,000

Uncompromising Beach Estate One of a kind! Stunning new custom built five bedroom main house on three finished floors with gracious and dramatic living spaces and wonderful lower level game room in addition to a beautiful three bedroom guest house with a well equipped kitchen and a detached two car garage with an office space above. Offered fully furnished and equipped.

$3,750,000

Woodbury

Westmoor Barn with Plans

Tucked in on a beautifully landscaped lot on a very quiet street a short distance from Town, this impeccably maintained and tasteful four bedroom, three bath home offers an open floor plan which was thoughtfully designed and appointed.

Furnished in-town home with private hedged-in gardens with room for a pool. Four bedrooms with ensuite bathrooms along with a private studio with a full bath creates a wonderful home for a family and entertaining. Cherry flooring, detailed custom paneling and window shutters throughout help create a gracious home with style and comfort.

$2,465,000

$2,595,000

This large barn awaits renovation into a special post and beam home. There are approved 2006 plans by Milton Rowland for a 5 bedroom, 4 full bath, and 2 half bath home. A building permit was issued in 2008. The barn is situated on an oversized .64 acre lot in R20 zoning allowing additional room for a guest cottage and pool. There is an existing outbuilding that could be used as the cottage or garage.

Landscaped Oasis Moments from Town

$2,495,000

In Town on Copper Spacious modern home and garage/apartment built in 2005 on a lovely small street in the Old Historic District of Nantucket Town. The main house offers 5 bedrooms and 5 full baths, an open floor plan with a gourmet kitchen, dining and living areas. There is also a separate 2 car garage with a two bedroom, 1 bath apartment above. There is a large patio and a covered front porch for outdoor enjoyment of the property. $2,850,000

Antique Gem

West York Duplex

Two-family “up & down” duplex building consisting of two, 3-bedroom, 1.5-bath apartments. There are four legal parking spaces and a full unfinished basement. Convenient to everything. Large side and rear deck.

A beautifully renovated antique gem with a new addition off the rear gives this home the best of both worlds. Rare oversized property on the edge of Town gives a wonderful estate feel. Ample room for additional expansion. A separate studio offers cathedral ceilings, wet bar, full bath and a brick patio accessed by french doors.

$675,000

$2,450,000

Impeccable off Surfside Road

Renovated Antique

Completely renovated 1800s house located on a quiet street a short distance to town and the Great Harbor Yacht Club. This charming three bedroom home is tucked away in a convenient location with a private patio ideal for grilling and relaxing.

$1,295,000

Custom Built Cliff Home This lovely new home is quietly situated off West Chester Street. The bucolic setting belies the near town convenience and close proximity of the Westmoor Club. Perfectly accented with gracious detailing, modern amenities, and pastoral landscaping, this is a perfect family setting. There are plans for a garage and apartment. The plans are HDC approved but need to be renewed. $2,975,000

Perfect for a buyer who recognizes and appreciates stylish details and amenities, this impeccably maintained four bedroom, four bath home is convenient to Town, schools and the Surfside bike path. Situated on an elevated lot, this turn-key property includes a deck which runs along the back of the home overlooking the manicured yard enclosed with mature plantings ensuring privacy.

Polpis Harborfront

Beautiful country setting on Polpis Harbor with sweeping views over salt marshes out to Polpis Harbor. Magnificent oak trees and varied topography make this a special site.

$3,500,000

Historic in Town 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.

$799,000

$1,450,000

Polpis Overlooking Cranberry Bogs

In-Town Charm near the Windmill

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

Charming turnkey home located a short distance from Town and Surfside bike path. This home offers a new heating system, air conditioning, security and irrigation systems. New appliances and fixtures. Large back yard with a storage shed, and a wonderful rear patio overlooking the Old Mill. Ground cover available for expansion.

$1,095,000

NOTHING LIKE IT!

SURFSIDE KNOCKOUT

$3,200,000

$2,495,000 Charming rose covered craftsman built 4 BDRM, 4 BA home with adorable guest cottage, detached office, surrounded by gardens on a fabulously manicured one acre lot. Terrific location near Surfside Beach!

Magic from the moment you enter the driveway as it winds through a tunnel of greenery.The impeccably landscaped property camouflages the spaciousness of this home, offers several spectacular out door living areas and big privacy! This 5+ BDRM, 4.5 BA home with its 1 BDRM, 1 BA guest cottage is sure to surprise.

Listing Broker: Cynthia Lenhart

Seller is a MA licensed real estate agent

WAUWINET WITH HARBOR ACCESS

SMUGGLERS LUCK $1,395,000

$2,850,000 Delightful contemporary 4 BDRM, 3.5 BA home on 3.5 magnificent acres abutting conservation land on 2 sides.Terrific attention to detail, 4 fireplaces, generous living spaces inside and out. Deeded beach and harbor access!

4 BDRM, 2.5 BA Surfside beach house just 200 yards from the sea. Fireplace, 2 car garage, roof walk, sun deck, nice yard & hot tub. Listing Broker: Cynthia Lenhart

EXCELLENT VALUE

Listing Broker: Cynthia Lenhart

SURFSIDE COTTAGE, GREAT PROJECT!

Broker is related to seller

FAIR STREET INN

HOME SWEET HOME

$1,395,000 This spacious 6 BDRM, 5 BA c.1850 gem is currently operating as the â&#x20AC;&#x153;Wood Boxâ&#x20AC;? but could be easily returned to a private residence. Loads of character, fabulous location!

$585,000 Cape style 3 BDRM/ 2BA home in Abram Quary neighborhood. Full basement, maple floors, granite counters, stainless appliances, fresh and attractive inside & out!

SIMPLY CHARMING

$599,000 Double lot with town sewer offers good privacy or potential for development. Ranch style 2 plus BDRM, 1.5 BA cottage on quiet sandy lane.

$915,000 Cheerful home in popular Naushop. 5 BDRM / 3.5 BA spacious living /dining rm, cozy family rm w/ fireplace, den, great kitchen & breakfast rm plus patio, hedged yard, & parking.

Listing Agent: Pat Carr Calabrese

Listing Agent: Beth Maier

Listing Broker: Cynthia Lenhart

Listing Broker : Cynthia Lenhart

Summer on Nantucket! Harborfront

Wauwinet

Madaket

Now is the time to reserve your Nantucket Vacation as prime weeks book early in our most popular homes! We offer hundreds of vacation rental properties that run the gamut in price from fabulous to frugal and everything in between. Choose an upscale antique home in our historic town or a contemporary beach house, a sweet little cottage or a condo apartment. See our web site www.compassroserealestate.com to view our listings. Contact us soon to arrange your Nantucket holiday! 508-325-5500

Edge of Town

Town

Cisco Beach

Cynthia Sadler Lenhart . Constance Sturgis . Sue Fine . PJ Joyner . Pat Carr Calabrese . Beth Maier . Pam Sosebee . Jim Cahill

NEWS REPORT 2010 Sales Summary by Month Data provided by LINK Nantucket Median Selling Price

Average Selling Price

Total Sales - Trend Over Time

Market, continued from page 1 That slip in the media did little to undercut the enthusiasm for 2010’s turnaround. “Everyone started to hold their breath in 2008,” said Edward Sanford, broker and principal at Great Point Properties. “This year, we exhaled.”

How it happened Looking back, three factors helped contribute to the surge in the market, said Dalton Frazier, president and co-principal at J Pepper Frazier Co.: “Sellers were more realistic with their prices; buyers had pent-up demand, and there are low interest rates.” Those realistic prices, recalibrated on account of the recession, greased the skids for transactions. “Sellers realized these aren’t the boom years anymore, and they needed to lower their prices because assets across the board took a hit in the recession,” Frazier said. Market activity expedited that realization. “As properties started selling at lower-than-peak prices, we could go to the seller with hard evidence,” Frazier said. Likewise, buyers, who had been waiting for deals, jumped in so as not to miss the bottom of the market, which brokers say formed in late summer 2009. With some of the “tremendous uncertainty” about the island’s real estate market and the national and global economies dispelled, buyers hit on both ends of the pricing spectrum in 2010, said Craig Hawkins, a broker at Maury People/Sotheby’s International.

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Total Value of Sales - Trend Over Time

“The high-end was very strong,” Hawkins said, “and there was a lot of activity in the lowend, partially to do with some short sales.” The middle of the market, what Sanford pegs at $2.5 million to $6 million, continued to be soft, with comparatively little movement. “Anecdotally, those buyers have been hurt financially, and they’re not coming back as fast,” Sanford said. “But I think they will.” Foreclosures, short sales and distress sales played a role at the low-end. That they existed in the market wasn’t a surprise to Hawkins. “This is my third recession in real estate,” he said. “I’ve seen it before. The wave was bound to crest. There was just too much debt.” Such situations have a way of gumming up the works, Frazier said, with buyers continuing to hold out for better deals. “I’d like to get those off the market and get things moving again,” he said.

Looking Ahead Keeping things moving stands as the hope for 2011, but with some of the property backlog left over from a stagnant 2009 now gone, the opportunity may be closing for getting a piece of Nantucket at an off-peak price. “There’s a very small window for buyers to take advantage of — interest rates are low, and there’s a good amount of inventory,” Hawkins said. “But, again, the window’s small, and I think we’ll see prices creeping back up between March and July.” Now, in other words, is a good time to buy. “Prices have not firmed — really,” Sanford

January 13, 2011

said. “They’re certainly going to, but if we look at what’s closing based on asking prices, buyers are sort of still getting that 10-percent discount off ask.” In terms of what 2011 might bring, one only has to rewind 12 months to see the difficulty in making predictions. “A year ago today, it wasn’t looking so hot,” Frazier said, and early signs are pointing to an extended run at recovery this year. According to Frazier, who tracks the statistic, less than 3 percent of island listings were under contract in January 2010. A year later, that figure is about 8.5 percent, due in part to developer’s starting to build spec houses again, Frazier said. Still, the real estate community remains, in Sanford’s words, “guardedly optimistic” about 2011. A good year, he and Frazier agreed, would be to equal 2010. A better year would be to exceed it and get back closer to $700 million in sales, nearer to the 2003-2010 average of about $800 million in annual sales. “Nantucket is a desirable place,” Sanford said. “The demand for property here doesn’t go away. It just gets pent up. People out there want to buy, but they don’t feel comfortable buying at this time. When the pendulum starts to swing the other way, people will feel more comfortable, and they’ll jump back into the market.” As for another billion-dollar year, not so fast, Hawkins said. “I do think we have the potential over the long haul to get back,” he said. “It won’t be this year, although I think we’ll have another great year.”

Beaugrand, continued from page 1 role in the island industry since buying Nantucket Real Estate from Curtis Barnes in 1995, Beaugrand had never been involved in real estate until that time. “We have lived all over the world,” Beaugrand said of his wife of 41 years, Gussie, and their three children. “Our eldest, Chris, was born in Switzerland, our daughter Samantha was born in Holland, and the youngest, Jason, was born in Toronto, Canada.” Beaugrand began his career life as a Wall Street lawyer before spending 30 years in financial services. He served as President of a Toronto life insurance company and ran the U.S. operations of Manulife Financial, the company that purchased the Hancock firm a couple years ago. Beaugrand and his family started spending summers on Nantucket more than 30 years ago, always staying in the Wauwinet Crow’s Nest Cottages. In 1990 they bought their Fair Street home and moved permanently to the island in 1994. The following year he purchased Nantucket Real Estate after determining it was the perfect next step for him. “I had always been fascinated by real estate,” he explained. “I understood it from the legal and financial sides and enjoyed interrelationships with people. When we moved here, the real estate business seemed a logical fit.” Beaugrand recalls that when he bought Nantucket Real Estate there were about 20 local realty agencies, a number that grew to 37 as the sales boom years continued. “There is really no barrier to entry in our business. The real estate business is a relationship business. When the market is strong and people have good relationships with their clients, there is a willingness to go out on your own. When the market contracts, because they don’t have a lot of overhead, they can stay in the business as long as that’s not their sole source of revenue.” Today, NAREB has 32 member offices. About three

years ago, Great Point Properties and Sanford Real Estate joined forces as has Atlantic East and Nantucket Real Estate, however, Beaugrand does not necessarily see their actions as part of a movement. “More than half are one or two-person offices,” he noted. “Individual operations survive here, but the bulk of the business is done by the larger offices, so it’s hard to say if combining will be a trend. My reasoning [to join the offices] was simple: Looking at the market activity we need the skills the combined operation has to be most effective. The marketing skills of (Atlantic East co-owners) Penny (Dey) and Heidi (Drew) and the internet presence of both offices is to our advantage. Also, I respected the way they did business. It seemed like a natural fit.” It is a given that among Beaugrand’s list of changes is the recent evidence that the real estate market, at least on Nantucket, is rebounding. This is seen in a 43 percent rise in sales comparing the 358 transactions in 2010 with 237 in 2009, along with a 47 percent jump in sales dollar totals showing $689 million for 2010 against $434 million in 2009. “That doesn’t mean prices will go up significantly,” he was quick to say. “I see a very gradual movement in the future. People are looking more to buy to have property to enjoy rather than as an investment, and the greatest change with that is having sellers realize that they must sell at realistic prices. That has been a good thing because it has created a fair market place in terms of both buyers and sellers being educated about realistic values.” The shifts Beaugrand has seen in the world of real estate during his tenure reflect far more than rising and falling prices and office volume. One of the major innovations has been from paper to technology, he said, an advancement that has increased the ability to share information and diminish delays in that process. He further stresses that trust between local agencies has improved in the last 15 years and with it, an evolution of professionalism Beaugrand terms “refreshing.” Finally, and of great importance to him, Beaugrand appreciates

the growth in agent participation in community charitable work. “The time, energy and dedication to nonprofit causes is remarkable, and very different than what I observed in other places I have lived in the world,” he said. “The people do it because they want to do it, not to put something on their resume. It is part of the caring in this community that is unique, in my experience.” Beaugrand and his wife are no exception when it comes to community giving. Beyond his enjoyment of tennis, reading and spending time with friends, Beaugrand is a Vice President and Trustee on the boards of the Nantucket Historical Association and the Nantucket Preservation Trust; he is a warden at St. Paul’s Church; a member of The Rotary Club; Chairman of the Community Preservation Committee; and was recently elected to the Board of Governors of The Westmoor Club. Gussie Beaugrand assists with fundraising and is a board member of Palliative and Supportive Care of Nantucket (formerly called Hospice of Nantucket) and is on the board of the Nantucket Community Music Center. As he takes the reins of NAREB, Beaugrand looks forward to leading a group he is proud to be part of. Nevertheless, he has thoughts about how his role can help improve the organization even more. “I just want to make sure respect between members continues and help foster the level of community participation the members of NAREB have,” said Beaugrand. “I want to continue to improve the level of technology available to members and our clients, and through the Property News, the Property Journal and the Yearbook, present the most current, up-to-date listing of properties available for sale on the island.” Mary Lancaster moved to Nantucket 40 years ago after spending several years as an advertising illustrator in New York City and Connecticut. Her 24-year journalism career includes work with the Inquirer & Mirror, The Nantucket Beacon and The Nantucket Independent. She currently works as a freelance writer.

phone: 508.257.6206 office@west brookrealestate.com

Nantucket Sales and Rentals Westbrook Real Estate is a full service real estate office offering vacation rentals and property sales in all areas of Nantucket. Our inventory of rental properties includes small and large beach cottages, country properties, houses in Town and Sconset, and estate properties. We are members of the Nantucket Association of Real Estate Brokers and can show any property listed for sale on Nantucket and list properties for sale with the multi-listing service. We offer Buyer and Seller Representation.

ZZZ Z H V WE UR R N UHD OHV WD WH FR P January 13, 2011

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NEWS REPORT

ROB BENCHLEY PHOTOS

Clockwise from above, left:The Martin Box and its unique weathervane, at 16 Broadway in ‘Sconset, as it looks today. Lieutenant Colonel Albert P. Clark, who for many summers owned and lived in the Martin Box.Two views of the modest cottage in 1905, and in 1910.

COURTESY

OF THE

NANTUCKET HISTORICAL ASSOCIATION

House Story, continued from page 1 Clark was shot down by German fighter planes over Abbeville, France, in July 1942, and spent nearly three years as a prisoner of war at Stalag Luft III in what is now Poland, and was one of the first Americans to be housed among British officers. During the planning of the escape, which the 1963 film “The Great Escape” immortalized, Lt. Col. Clark was dubbed “Big S” as head of tunnel security. Although he helped move prisoners through the three escape tunnels, codenamed Tom, Dick and Harry, Lt. Col. Clark never got out, as German prison guards spotted the 77th prisoner emerging from a tunnel. Stateside, the air force later promoted Clark to Lieutenant General where, amidst various command postings, he purchased 16 Broadway in ’Sconset known as the Martin Box, the year “The Great Escape” debuted. Clark’s 16-year ownership of the Martin Box bears noting because of what the current owner, Peter Krogh, found in the house when he was moving in and, because of Krogh’s coincidental profession. “When you bought places like this, you bought everything in it, right? General Clark was meticulous,” Krogh said. For Krogh, General Clark — who died in March, 2010 at the age of 96 — left a written inventory of the entire contents of the cottage and a

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Nantucket Property News

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self-written history of the structure. “He made the list of all the equipment in this place. I mean, down to five paring knives, five large carving knives, five plastic refrigerator or freezer containers…six waste baskets, one fire extinguisher, three bicycles…one beach jacket, one step ladder, one 30-gallon garbage can, one baby bicycle seat, one card table, one fishing pole, two extra shower curtains, one framed map of old ’Sconset, one framed map of old Massachusetts, all of the original furniture,” Krogh remarked. Krogh moved into the Martin Box in turnkey condition, using many of the General Clark’s former possessions. Five years later, he decided the place needed a little work. At the time, Krogh was the dean of students at Georgetown University’s Edmund A. Walsh School of Foreign Service in Washington, D.C. and was using the Martin Box as a summer retreat. Working full-time, he couldn’t manage a major renovation long distance, so he hired island builder Sam Hill in 1984 for a light shoring up job. Hill beefed up the original fieldstone footings, leveling the building on them, replacing rotting sills and re-shingling the cottage. After all, Krogh’s summer digs had always been in more modern rented houses along Squam Road with such standard accoutrements as heat and insulation. The move to a rustic ’Sconset cottage was, then, a bit of stretch for him. Finding nothing in Squam he could afford in

January 13, 2011

1979, Krogh visited the Martin Box with Dick Denby of Denby Real Estate. “And he said, ‘well, why don’t you have a look at a cottage in ’Sconset.’ I said ‘look, I’m not a village guy, I’m a water’s edge guy,” Krogh said. “I’m not really interested in village life, I want to be out on the water’s edge. So he said, ‘come on in, have a look.’ So, he took me in here, and I saw the Martin Box and I said, ‘yeah, I’ll buy it.” But the more time he spent there, the more Krogh wanted a real home away from home. That meant hiring an architect, in this case, Graham Goldsmith, and a builder, Bill Obremski, to convert the old whaling cottage into a solid, weather-tight home. “In these cottages, it’s a little like camping out and as soon as it gets cold, you start living in the fireplace. So at a certain point in time you want to stop living like a boy scout and stop living in the fireplace, and with greater comfort and warmth, said Krogh. Origins of the Martin Box, the naming of which no one has a reason for, are sketchy. It is known as one of the whaling station houses built first as fishing shacks — this one in 1720 — as places of shelter for those fishing the shoals east of Nantucket. General Clark wrote that Obediah Folger acquired the land, on which the house sits, by either purchasing it from his father, Barzillai Folger, or inheriting it at the time of his death in 1790.

Continued on next page

NEWS REPORT Map from “Early Nantucket and its Whale Houses,” Forman, Henry Chandlee, 1904-1991. New York, Hastings House [1966]. It shows the Martin Box (See red star ) on Broadway, between The Maples and Driftwood.

PETER B BRACE PHOTOS

From left: A portion of the written inventory of the entire contents of the cottage left behind by Clark. After removing the false ceiling from the living room in the Martin Box and the two bedrooms, owner Peter Krogh had the non-structural beams put in, which his wife, Carol stained with a worn-looking patina.These beam appear throughout the first floor. Joined with the tool shed to the north and part of a covered porch, the new kitchen in the Martin Box is expansive and includes a fireplace with a cherry facade.

Continued from previous page The current living room space with the fireplace, 10 feet tall at its peak, composed the original fishing shack. The bedrooms, guest cottage, kitchen space and covered porch were added at different times throughout the property’s history. Krogh’s palette for a year-round house was the one-story whaling cottage that General Clark described in his history as the original wort floor plan in the front of the house, consisting of a small living room with the tiny master bedroom suite, and guest bedroom separated by a thin partition, both behind a sliding door at the south end of this room. At the north end, the original fireplace — onto which Krogh said a brick façade was added in 1865 when a false ceiling was also installed over the living room — and a den behind the chimney, with the small kitchen in the next room. There was a bathroom at the west end of the kitchen. West of the living room was a dining area with another bedroom beyond. Immediately north of the west bedroom stood the guest cottage that Krogh had converted into a tool shed attached to that side of the Martin Box by a covered porch. With the goal of keeping the original cottage intact on the outside, but adding more living space on the inside, Obremski jacked up the house and dug a full basement deep enough for an eight-foot ceiling. After pouring proper footings and a foundation, he lowered the house down onto the foundation. Joining the tool shed and a portion of the cov-

ered porch with the west bedroom allowed Obremski to convert this part of the house into a kitchen/family area. The living room grew, as Krogh removed the bedrooms and the false ceiling. The old kitchen north of the chimney became Krogh’s study, and the bathroom, a small powder room. In the basement, Obremski built a master bedroom suite, complete with full bathroom and a separate tiled shower. He also added a utility room and a guest bedroom. Although the final product eventually earned the Martin Box praise — including a place in both the Nantucket and Siasconset 2010 calendars — after Obremski set the house down on its new foundation, Krogh quickly ran afoul of his neighbors and the Historic District Commission because the peak of the roof was now roughly 16 inches higher than it originally was. According to Goldsmith, Obremski had to bring the cottage up to that height — the foundation up six inches because layers of sand, dirt and asphalt had accumulated around the house over nearly three centuries, rotting its sill and the lower rows of shingles. And, another eight inches up to meet Nantucket’s building code dictating a building’s first floor be at least eight inches above grade. The pressure-treated sill planks added another 1.5 inches. While the actual height of the house did not change, raising it out of the ground roughly 16

inches higher than approved by the HDC raised the ire of the Siasconset Advisory Board and Krogh’s neighbors. The finger-pointing began almost immediately, with some claiming that Krogh was ruining the most beautiful street in America. Enduring 18 HDC meetings, including his as-built application, Krogh eventually prevailed. Having retired at the end of June 2009 and now spending mid-April through Christmas on Nantucket and the rest of the year in New Zealand, Krogh takes the long view. “The way I look at it is people started living out here in Teepees, then they started living in shacks, and then they lived in cottages…(laughing)…and now some of them are living in homes,” he said. “And this is a home. That’s the way I look at it. And also, frankly, I think we’re all part of history. We all make our contributions to history and history is not frozen — it moves on and we have put our signature on this place. We’re part of its’ evolution. That’s the way I look at it.” Peter B. Brace is a freelance writer who has lived on Nantucket for the last 15 years. The former environmental, growth and development writer for the Nantucket Independent and the Nantucket Beacon, Brace, the author of “Walking Nantucket: A Walkers Guide to Exploring Nantucket on Foot,” is currently working on a natural history of the island and his sequel to “Walking Nantucket.”

December 30, 2010

•

Nantucket Property News

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port olio I N T E R N AT I O N A L

LNantucket I N K Area

Area Price

Bed/ Bath

Lot Size

Russell St Wigwam Rd Mad. Valley Rd Mad. Valley Rd Mad. Valley Rd Wigwam Rd Mad. Valley Rd New South Rd Mad. Valley Rd

0/0 0/0.5 0/0.5 0/0.5 0/0.5 0/1 0/0 0/0 0/0.5

0.58 1.16 1.38 1.70 0.69 1.16 1.17 20.81 2.93

Land SF SF SF SF SF SF SF SF

BAMB CSAA MAUR JLEE MAUR CVIL MAUR KILL MAUR

Mikes Dr Miacomet Ave Somerset Ln Somerset Rd Sommerset Rd Reacher Ln Miacomet Ave Valley View Dr Helens Dr Catherine Ln Somerset Rd Sleepy Hollow Miacomet Ave Bartlett Rd Appleton Rd Windy Way

0/0 0/0 0/0 0/0 0/0 0/0.5 0/0 0/0 0/0 0/0.5 0/0.5 0/1 0/0 0/0 0/0 0/0.5

0.46 0.11 0.46 0.45 0.45 0.50 0.16 0.17 0.32 0.71 0.45 0.29 0.32 0.70 2.00 0.00

Land SF Land Land Land SF SF SF SF SF SF Condo SF MF SF Com

GTPT COFF GTPT CSAA CVIL MAUR COFF MAUR CVIL MAUR COFF MAUR COFF AERE MAUR MAUR

Street

Listing Office

Type

Miacomet $407,000 $429,000 $435,000 $511,000 $511,000 $539,000 $575,000 $630,000 $695,000 $799,000 $950,000 $999,500 $999,999 $1,150,000 $1,195,000 $1,399,000

KEY TO LISTING OFFICES AERE BAMB BOYC BWRE BLUE CHAT COFF

. . . . . . . .Atlantic East Real Estate . . . . . . . .Bamber Real Estate . . . . . . . .Boyce Realty . . . . . . . .Bennett Witte Real Estate . . . . . . . .Bluewater Real Estate . . . . . . . .Chatfield Taylor . . . . . . . .Coffin Real Estate

KEY TO PROPERTY TYPE

•

Street

$1,995,000 Miacomet Rd

Madequecham $850,000 $1,275,000 $1,895,000 $1,895,000 $2,295,000 $2,650,000 $2,695,000 $3,900,000 $4,900,000

Price

Area

Nantucket Property News

Bed/ Bath

Lot Size

Listing Office

Type

0/0.5 1.80

MAUR

0/0 0/0 0/0 0/0 0/0.5 0/0.5 0/0 0/0 0/0 0/0.5 0/0 0/0.5 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0.5 0/0.5 0/0.5 0/0 0/0.5 0/0

Land Land Land Land Condo Condo Land Condo Condo Condo Condo Condo Land Land Land Land Land Land Land Condo Condo Condo SF Com Land

MAUR MAUR MAUR BAMB MAUR MAUR JLEE COFF CSAA COFF CONG KILL CONG CONG CONG CONG CONG CONG CONG GTPT COFF WWRE CVIL KILL BAMB

Mid Island $240,000 $240,000 $245,000 $275,000 $295,000 $295,000 $315,000 $325,000 $375,000 $395,000 $399,000 $399,000 $425,000 $425,000 $425,000 $425,000 $425,000 $425,000 $425,000 $440,000 $455,000 $460,000 $469,000 $475,000 $479,000

Backus Ln Backus Ln; Pine Crest Dr Bartlett Rd Essex Rd - Left Essex Rd - Right Macys Ln Cow Pond Ln Essex Rd Amelia Dr Sun Island Rd Park Circle Arrowhead Dr Arrowhead Dr Arrowhead Dr Arrowhead Dr Arrowhead Dr Arrowhead Dr Arrowhead Dr Park Circle Park Circle Hinsdale Rd Nobska Way Amelia Dr Ticcoma Way

0.26 0.33 0.14 0.23 0.12 0.12 0.13 0.18 0.00 0.00 0.00 0.00 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.00 0.00 0.06 0.12 0.00 1.00

Price

Street

Bed/ Bath

Lot Size

$489,000 $489,000 $495,000 $495,000 $495,000 $499,000 $540,000 $550,000 $559,000 $569,000 $585,000 $595,000 $595,000 $599,000 $650,000 $655,000 $660,000 $665,000 $699,000 $699,000 $700,000 $707,000 $729,000 $739,000 $739,000 $775,000

Old South Rd Old South Rd Perry Ln Friendship Ln Friendship Ln Backus Ln Teasdale Circle Macys Ln Essex Rd Dennis Dr Hinsdale Rd Hooper Farm Rd Macys Ln Hooper Farm Rd Daffodil Ln Essex Rd Bartlett Rd Pine Tree Rd Gray Ave Waydale Rd Celtic Dr Friendship Ln Surfside Rd Surfside Rd Friendship Ln Teasdale Circle

0/0 0/0 0/0 0/0 0/0 0/0 0/0.5 0/0.5 0/0 0/0.5 0/0 0/0 0/0 0/0 0/0.5 0/0.5 0/0 0/0 0/0.5 0/1 0/1 0/0 0/0 0/0 0/0.5 0/0

0.33 0.33 0.23 0.46 0.46 0.26 0.00 0.19 0.19 0.23 0.00 0.25 0.17 0.24 0.47 0.20 0.25 0.20 0.67 0.28 0.22 0.49 0.44 0.46 0.46 0.31

Type

Com SF Land Land Land SF Condo SF SF SF Condo SF SF SF Co-Op SF Condo SF SF SF MF MF SF MF SF MF

Listing Office

JORD JORD KILL CONG AERE MAUR WWRE ISLP FRAZ MAUR COMP CONG GTPT CVIL JORD COFF MAUR COMP MAUR JORD COFF ISLP BAMB JORD JORD FRAZ

Continued on page 17

COMP . . . . . . . .Compass Rose Real Estate CONG . . . . . . . .Congdon & Coleman Real Estate CSAA . . . . . . . .Cooper Shepherd Associates CVIL . . . . . . . . .Country Village Real Estate DELK . . . . . . . .Delker Real Estate DENB . . . . . . . .Denby Real Estate FGHD . . . . . . . .Figurehead Realty FRAZ . . . . . . . . .J Pepper Frazier Company GTPT . . . . . . . .Great Point Properties ISLP . . . . . . . . . .Island Properties

ISLW . . . . . . . . .Islandwide Realty JLEE . . . . . . . . .Jeff Lee Real Estate JORD . . . . . . . . .Jordan & Associates KILL . . . . . . . . .Killen Real Estate LVST . . . . . . . . .Landvest MCDL . . . . . . . .McDonald Real Estate MACH . . . . . . . . .Vaughan Machado Real Estate MAUR . . . . . . .The Maury People/Sotheby’s Intl. NREC . . . . . . . .Nantucket Real Estate OSPR . . . . . . . . .Osprey Real Estate

PREF . . . . . . . . .Preferred Properties PROB . . . . . . . .Pro Buyer Associates ROYA . . . . . . . .Royal Colley SCST . . . . . . . . .Sconset Real Estate SEIT . . . . . . . . .Seitz Real Estate TRSE . . . . . . . . .Tea Rose Realty WEBS . . . . . . . .Webster Real Estate WEST . . . . . . . .Westbrook Real Estate WWRE . . . . . . .Windwalker Real Estate WLCH . . . . . . .Welch & Associates Inc. RG

SF . . . . . . . . . . . .Single Family MF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .Land Condo . . . . . . . .Condo

Com . . . . . . . . . .Commercial Co-op . . . . . . . . .Co-op

• January 13, 2011

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&VSOIV 'IPP 3JÂ½GI I\X KEV]$QEYV]TISTPI GSQ

LNantucket I N K Area

Area Bed/ Bath

Price

Street

$795,000 $795,000 $799,000 $799,000 $800,000 $800,000 $829,000 $850,000 $895,000 $895,000 $899,000 $899,000 $925,000 $925,000 $995,000 $998,000 $1,050,000 $1,150,000 $1,200,000 $1,285,000 $1,295,000 $1,300,000 $1,475,000 $1,695,000 $1,895,000 $1,995,000

U Tawpawshaw 0/0 Luff Rd 0/0 Salros Rd 0/0 Halyard Ln 0/0 Ticcoma Way 0/0 Old South Rd 0/0 Old South Rd 0/0.5 Surfside Rd 0/0 Cato Ln 0/1 Pine Crest Dr 0/0.5 Rudder Ln 0/0.5 Rudder Ln 0/0.5 Hinsdale Rd 0/0.5 Witherspoon Dr 0/0.5 Old South Rd 0/0 Fairgrounds Rd 0/0 Arrowhead Dr 0/0.5 Pine Crest Dr 0/0.5 Ticcoma Way 0/0 Meadow View Dr 0/0.5 Chins Way 0/0 Sparks Ave 0/0.5 Arrowhead Dr 0/0.5 Sheep Commons 0/0 Sheep Commons 0/0.5 Milestone Crossing 0/0.5

Lot Size

0.37 0.34 0.23 0.35 1.50 0.11 0.92 0.23 0.23 1.29 0.40 0.40 0.11 0.13 0.18 0.54 0.14 1.10 2.50 0.46 0.13 0.22 0.40 0.80 0.62 2.76

Type

Land SF Com SF Land Com Condo MF MF SF SF SF MF SF Com SF Com SF Land SF Com Com Com SF SF SF

Listing Office

CONG AERE CSAA WWRE BAMB COFF GTPT CSAA BAMB MAUR BAMB CSAA COMP MAUR KILL AERE KILL GTPT BAMB COFF CONG MAUR KILL CONG WWRE JORD

Price

Area Street

Bed/ Bath

Lot Size

Brewster Rd Brewster Rd Brewster Rd Monomoy Rd Monomoy Rd Monomoy Rd Salt Marsh Rd

0/0 0/0 0/0.5 0/0.5 0/0.5 0/0.5 0/0

2.86 1.37 0.99 0.15 1.84 1.75 5.06

Type

Listing Office

Monomoy $999,000 $1,695,000 $2,650,000 $3,895,000 $5,995,000 $5,995,000 $7,900,000

Land SF SF SF SF SF SF

FRAZ MAUR ISLP CONG GTPT KILL KILL

Nashaquisset $699,000 $790,000 $875,000

Autopscot Circle 0/0 0.00 Mamack Ln 0/0 0.00 Washaman Ave 0/0.5 0.00

Co-Op JORD Co-Op AERE SF WLCH

Goldfinch Dr Goldfinch Dr Goldfinch Dr Goldfinch Dr Goldfinch Dr Goldfinch Dr Bluebird Ln Goldfinch Dr Dovekie Court Goldfinch Dr Goldfinch Dr Goldfinch Dr Goldfinch Dr

Land Land Land Land Land Land Land SF SF SF SF SF SF

Price

Street

Bed/ Bath

Lot Size

Type

Listing Office

$915,000 $989,000 $995,000 $1,150,000 $1,245,000 $1,450,000 $1,495,000

Killdeer Ln Curlew Court Kittiwake Ln Goldfinch Dr Goldfinch Dr Goldfinch Dr Goldfinch Dr

0/0.5 0/0.5 0/1 0/0.5 0/0.5 0/0.5 0/0.5

0.12 0.13 0.11 0.11 0.15 0.22 0.12

SF SF SF SF SF SF SF

COMP AERE CONG CONG WWRE CONG JORD

Wauwinet Rd Pocomo Rd Village Way Pocomo Rd Lauretta

0/0.5 0/0 0/0.5 0/0 0/0.5

3.00 3.93 0.29 4.06 1.76

SF SF SF SF SF

CONG AERE ISLP WWRE KILL

0/0 0/0 0/0 0/1 0/1

1.00 0.95 3.99 2.95 10.00

SF Land SF SF SF

COFF CONG GTPT MAUR MAUR

0/0 0/0 0/0

0.99 4.42 4.42

SF Land SF

FRAZ GTPT GTPT

Pocomo $2,300,000 $2,990,000 $3,295,000 $3,995,000 $4,400,000

Naushop $395,000 $395,000 $425,000 $450,000 $450,000 $450,000 $495,000 $665,000 $699,000 $795,000 $799,000 $829,000 $890,000

0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0.5 0/0 0/0.5 0/0.5 0/0.5 0/0

0.13 0.13 0.12 0.14 0.15 0.11 0.13 0.16 0.12 0.15 0.14 0.13 0.13

JORD CSAA CONG CONG CONG CONG CONG CONG CONG AERE JORD MAUR CSAA

Polpis $1,350,000 Polpis Rd $1,550,000 North Pasture Ln $3,695,000 Almanack Pond $4,989,000 Polpis Rd $12,500,000 Polpis Rd

Quaise $899,000 Bassett Rd $3,500,000 Quaise Pastures $3,500,000 Quaise Pastures

January 13, 2011

Continued on page 18

â&#x20AC;¢

Nantucket Property News

â&#x20AC;¢

Eight Federal Street • Nantucket, MA 02554 • 508.228.4449

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

Town $3,900,000 6 Bedrooms, 3.5 Baths

Town $2,495,000 5 Bedrooms, 3.5 bath Main House, plus 2 bedroom, 1 full and 2 half bath Guest House

Town $1,795,000 5 Bedrooms, 4.5 Baths

LNantucket I N K Area

Area Price

Street

Bed/ Bath

Lot Size

Listing Office

Type

Quidnet $940,000 $1,695,000 $2,749,000 $3,395,000 $3,495,000

Brier Patch Rd Sesachacha Rd Quidnet Rd Quidnet Rd Quidnet Rd

0/0 0/0.5 0/0 0/0.5 0/0

1.01 0.14 0.25 2.76 3.60

Land SF SF SF Land

MAUR AERE MAUR CONG MAUR

Comeau Ln Hydrangea Ln Bank St Bank St Hydrangea Ln Baxter Rd Hydrangea Ln Hydrangea Ln West Sankaty Rd Bank St Bank St Sconset Ave Plainfield Baxter Rd Sankaty Rd Shell St Morey Ln Coffin St Main St Cannonbury Ln

0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0.5 0/0 0/0.5 0/0 0/0

0.26 0.11 0.05 0.05 0.12 0.52 0.12 0.12 0.18 0.13 0.05 0.21 1.50 0.24 0.62 0.15 0.23 0.13 0.88 0.46

Land Land SF SF Land SF Land Land SF SF SF SF Land SF SF SF SF SF SF SF

AERE MAUR CVIL JLEE MAUR MAUR MAUR MAUR COFF COFF MAUR DELK CONG MAUR COFF MAUR FRAZ WWRE MAUR COFF

Sconset $589,900 $695,000 $795,000 $795,000 $795,000 $795,000 $795,000 $795,000 $980,000 $995,000 $1,150,000 $1,150,000 $1,295,000 $1,395,000 $1,595,000 $1,795,000 $1,995,000 $1,995,000 $2,395,000 $2,675,000

KEY TO LISTING OFFICES AERE BAMB BOYC BWRE BLUE CHAT COFF

KEY TO PROPERTY TYPE

•

Nantucket Property News

Price

Area Street

$2,795,000 Black Fish Ln $2,825,000 Black Fish Ln $2,895,000 Ocean Ave $2,950,000 Baxter Rd $2,995,000 Jennifer Ln $3,000,000 Milestone Rd $3,650,000 Stone Post Way $3,750,000 Low Beach Rd $3,795,000 Annes Ln $4,100,000 Morey Ln $4,275,000 Burnell St $4,700,000 Bunker Hill $13,995,000 Low Beach Rd

Bed/ Bath

Lot Size

0/0.5 0/0.5 0/0 0/0 0/0.5 0/0 0/1 0/1 0/0.5 0/0.5 0/1 0/0 0/0

0.46 0.47 0.09 0.52 0.24 2.82 0.50 0.49 0.48 0.76 0.00 0.59 7.07

SF SF SF SF SF Land SF SF SF SF SF SF SF

FRAZ FRAZ KILL CHAT KILL BAMB COFF JLEE JLEE MAUR FRAZ CONG MAUR

0/0 0/0 0/0.5 0/1.5

3.32 2.80 2.77 2.38

Land Land SF SF

MAUR MAUR MAUR MAUR

1.60 1.89

SF SF

MAUR PREF

0.47 0.17 0.23 0.34

SF SF MF SF

COMP AERE KILL FRAZ

Type

Listing Office

Shawkemo $1,895,000 Polpis Rd $2,800,000 Shawkemo Rd $5,900,000 Shawkemo Hills $10,800,000 Shawkemo Hills

Shimmo $3,395,000 South Valley Rd 0/0 $4,995,000 Brewster Rd 0/0

South of Town $599,000 $725,000 $759,000 $925,000

Hooper Farm Rd Tashama Ln Larrabee Ln Lewis Court

0/0.5 0/0 0/1 0/0

Price

Street

Bed/ Bath

Lot Size

Type

Listing Office

Squam $1,695,000 Squam Rd $7,950,000 Squam Rd $19,900,000 Squam Rd

0/0 0.92 0/0 10.95 0/1.5 2.40

Land Land SF

GTPT WWRE GTPT

0/0.5 0/0 0/0 0/0 0/0 0/0.5 0/0.5 0/0 0/0 0/0 0/0 0/0.5 0/0.5 0/0.5 0/1 0/0.5 0/0 0/1 0/0.5 0/1

SF SF SF SF SF SF SF Land Land Land Land SF SF SF SF SF SF SF SF SF

FRAZ COMP BWRE MAUR GTPT AERE KILL BAMB WEBS BAMB FRAZ COMP AERE MAUR GTPT MAUR COMP BWRE MAUR FRAZ

Surfside $545,000 $599,000 $699,900 $790,000 $799,000 $825,000 $825,000 $895,000 $995,000 $995,000 $1,300,000 $1,395,000 $1,395,000 $1,475,000 $1,550,000 $1,995,000 $2,495,000 $2,500,000 $3,100,000 $3,695,000

Surfside Rd Folger Ave Surfside Rd Daffodil Ln Maclean Ln Daffodil Ln Surfside Rd Weweeder Ave Surfside Rd Boulevarde Woodbine St Lovers Ln Skyline Dr Pochick Ave Field Ave Pochick Ave Surfside Rd Skyline Dr Okorwaw Ave Nonantum Ave

0.13 0.14 0.18 0.48 0.18 1.84 0.30 1.15 1.25 0.68 1.15 0.23 1.84 1.26 1.01 1.00 1.00 3.28 2.96 0.69

Continued on page 19

SF . . . . . . . . . . . .Single Family MF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .Land Condo . . . . . . . .Condo

Com . . . . . . . . . .Commercial Co-op . . . . . . . . .Co-op

• January 13, 2011

1821 Federal-Style In Town

LNantucket I N K Area Price

Bed/ Lot Bath Size

Street

Listing Type

Office

Tom Nevers $789,000 $895,000 $950,000 $995,000 $999,000 $1,175,000 $1,295,000 $1,375,000 $1,475,000 $1,495,000 $1,495,000 $1,795,000 $2,895,000 $2,900,000 $3,795,000

Clarendon St Berkley St Flintlock Rd Wrights Landing Whitetail Circle Jonathan Way Marcus Way Exeter St Longwood Dr Nichols Rd Chuck Hollow Longwood Dr Wanoma Way Wanoma Way Lyford Rd

0/0 0/0.5 0/0 0/0 0/0 0/0.5 0/0 0/0 0/0 0/0.5 0/0.5 0/0.5 0/0 0/0 0/0.5

0.18 0.23 1.20 0.46 2.75 1.18 2.99 3.08 2.75 0.33 2.77 2.75 0.22 0.40 0.24

SF SF Land Land Land SF SF SF SF SF SF SF SF SF SF

WWRE MAUR COFF JORD CONG COFF CONG COFF FRAZ MAUR WWRE CONG GTPT COFF MAUR

Washington St Washington St Cherry St Jefferson Ln Jefferson Ln Union St Orange St Union St Center St Joy St Joy St Orange St West York Ln Orange St Warren St Main St New Ln Orange St Cherry St Orange St Madaket Rd Gardner Perry Ln Spruce St Union St Union St Back St Union St Washington St Prospect St Union St Hussey St Hussey St York St Mill St Francis St Gardners Court Pine St Orange St Washington St Union St New Ln Main St Orange St Main St Union St Main St Eagle Ln Vestal St Back St Union St Beaver St Milk St Eagle Ln New St Fair St North Liberty St New St Dukes Rd Quince St Angola St Washington St Pleasant St Center St West Chester St Union St Jefferson Ln Warren St

0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/1 0/0.5 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0.5 0/0 0/0 0/0.5 0/0 0/0 0/0.5 0/0 0/0 0/0 0/0 0/0 0/0.5 0/0 0/0 0/0 0/0 0/0.5 0/0.5 0/0 0/0 0/0.5 0/0 0/0.5 0/0 0/0.5 0/0.5 0/0.5 0/0.5 0/0 0/0 0/0 0/0 0/0 0/0 0/0.5 0/0 0/0.5 0/0 0/0.5 0/0.5 0/0.5 0/0.5 0/0.5 0/0.5 0/0

0.00 0.10 0.14 0.00 0.00 0.12 0.00 0.12 0.00 0.11 0.07 0.00 0.12 0.00 0.05 0.06 0.11 0.05 0.14 0.12 0.46 0.13 0.08 0.14 0.16 0.10 0.14 0.00 0.19 0.12 0.03 0.03 0.13 0.10 0.12 0.00 0.07 0.07 0.05 0.13 0.14 0.09 0.30 0.11 0.05 0.14 0.06 0.15 0.12 0.17 0.00 0.06 0.09 0.18 0.08 0.27 0.14 0.50 0.06 0.14 0.12 0.06 0.00 0.00 0.09 0.05 0.00

Condo Condo SF Condo Condo Condo Condo Condo Condo SF SF Condo MF Condo SF SF Land SF SF Land Land SF SF Condo SF SF Condo Condo SF MF MF SF SF SF SF Condo SF SF Com SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF Land SF SF Com Condo SF SF Condo

CVIL CVIL CVIL CONG CONG ISLP CVIL ISLP KILL CONG MAUR CSAA GTPT COFF JLEE KILL MAUR WWRE FRAZ COFF JORD CSAA MAUR MAUR CVIL GTPT MAUR MAUR CSAA ISLP ISLP AERE GTPT JORD CSAA MAUR WWRE MAUR BWRE ISLP WWRE COFF MAUR MAUR AERE FRAZ CONG GTPT GTPT CHAT COFF KILL COFF CONG COMP CVIL CSAA COFF GTPT MAUR MAUR WWRE COFF COFF CONG BOYC CSAA

Newly renovated, 3 bedrooms, 3.5 baths. HDC plans for 4th bedroom.

$2,795,000

Town $299,000 $329,000 $398,000 $475,000 $475,000 $475,000 $495,000 $525,000 $585,000 $625,000 $625,000 $640,000 $675,000 $675,000 $695,000 $695,000 $695,000 $745,000 $749,000 $750,000 $795,000 $799,000 $825,000 $835,000 $875,000 $925,000 $950,000 $975,000 $979,000 $998,000 $1,050,000 $1,050,000 $1,095,000 $1,100,000 $1,150,000 $1,150,000 $1,150,000 $1,195,000 $1,199,000 $1,245,000 $1,250,000 $1,250,000 $1,275,000 $1,275,000 $1,295,000 $1,295,000 $1,295,000 $1,295,000 $1,295,000 $1,295,000 $1,299,000 $1,300,000 $1,350,000 $1,375,000 $1,395,000 $1,399,000 $1,399,000 $1,400,000 $1,450,000 $1,450,000 $1,495,000 $1,500,000 $1,500,000 $1,595,000 $1,595,000 $1,600,000 $1,695,000

Tom Nevers Waterfront

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

$2,350,000

Tucked Away on Jefferson

Very comfortable well-built house in town with good finished details. 3 bedrooms, 3.5 baths.

$1,600,000

Dana & David Boyce, licensed brokers Jamie Feeley, sales associate

Continued on page 22

January 13, 2011

•

Nantucket Property News

•

508.257.6962 www.boycerealtynantucket.com

Jeff Lee, Carolyn Durand, Jane King, Jane Miller, Meg Ruley, Jenny Goldberg, Kelly Knight, Bob Lang, Era Sylvia, & Lindsley Mathews Royster

19 Centre Street Nantucket, MA 02554

508.228.3202 www.jpfco.com

Tom Nevers East $1,475,000 The house has southwest exposure with views of conservation land, Sankaty Head Lighthouse, Nantucket Golf Club, and the distant ocean. Meticulously maintained and newly renovated. Property features include yellow pine floors, oak beams, great privacy, a five bedroom septic, and ample room for expansion or a second dwelling. A comfortable, light filled home ready to enjoy for many summers or year round living. Located on 2.75 acres.

PROPERTIES

TOWN 132R Main Street Single Family List price: $695,000

Bedrooms: 2 Baths: 2 Lot size: 0.06 acres Listing office: Killen Real Estate

Great Pied-a-terre tucked away on Main Street. Ready for updating. Off street parking

CLIFF 20 Derrymore Lane Single Family List price: $1,295,000

Bedrooms: 5 Baths: 3 Lot size: 0.20 acres Listing office: Country Village Real Estate

“Pearl By The Sea”. Close to town but feels very private. Take a short bike ride to town from this five bedroom, three bath expanded Cape located just off Cliff Road in a quiet tucked-away residential area. Spacious living areas, nicely landscaped front and back yard set behind mature plantings.

5 Great Values TODAY!

NAUSHOP 4 Dovekie Court Single Family List price: $699,000

Bedrooms: 3 Baths: 2 Lot size: 0.12 acres Listing office: Congdon & Coleman Real Estate

Well maintained three bedroom, two bath Naushop home with an excellent rental history. Located on a quiet cul-de-sac while convenient to the Naushop swimming pools, tennis courts, playground and clubhouse.

TOM NEVERS 14 1/2 Clarendon Street Single Family List price: $789,000

Bedrooms: 3 Baths: 3 Lot size: 0.18 acres Listing office: Windwalker Real Estate

Three bedroom, three bath architect designed and Arts & Crafts inspired home in Tom Nevers. Finished basement can be easily converted to separate apartment. Seller can provide plans for low cost addition of fourth bedroom. Lots of built-ins, must see to appreciate custom details.

TOWN 26 Fair Street Single Family List price: $2,495,000

Bedrooms: 5 Baths: 3.5 Lot size: 0.22 acres Listing office: Jordan Real Estate

“Fair Isle.” In the heart of the Historic District, this distinctive landmark property is situated on an oversized lot. Numerous period details enhance this five bedroom, three and a half bath home. Ample living areas along with a spacious private yard make this an in-town “jewel.”

January 13, 2011

•

Nantucket Property News

•

Complete in ‘Sconset

Michael Angelastro Cell: 508-367-5096 www.michaelangelastro.com michael@jordanre.com

Enjoy privacy, nearly one-half acre of land, a beautifully built home, ocean views, central air conditioning, garage/studio, and deeded access to the beach in ‘Sconset! Multiple decks, covered porches, and yards allow for outdoor living at its finest.

Providing Expert Real Estate Advice Since 1982.

$2,675,000

JUST BEFORE CISCO... Home to just 13 lucky Buyers, Nanahumacke Preserve is almost totally surrounded by some form of Conservation Land. 14 Nanahumacke Lane boasts a dramatic, octagonal dining room plus an outdoor kitchen making it stand out from all other properties for sale. Living room with fireplace; office; spectacular second floor living room with deck overlooking the pond, Conservation Land and some spectacular sunsets! 4 bedrooms, 3.5 baths, garage, basement, outdoor kitchen with built in grill, sink, and refrigeration. Ready for the summer of 2011!

$2,095,000

Go to www.nanahumacke.com or email michael@jordanre.com for an appointment.

Chandra Miller, Broker chandram@sconsetrealestate.com www.coffinrealestate.com 508.360.7777

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

LNantucket I N K Area

Area Bed/ Bath

Price

Street

$1,695,000 $1,785,000 $1,795,000 $1,795,000 $1,995,000 $1,995,000 $1,995,000 $1,995,000 $2,150,000 $2,185,000 $2,250,000 $2,295,000 $2,450,000 $2,465,000 $2,495,000 $2,575,000 $2,575,000 $2,595,000 $2,595,000 $2,600,000 $2,675,000 $2,750,000 $2,850,000 $2,850,000 $2,850,000

Pine St 0/0.5 Union St 0/0 Main St 0/0.5 Main St 0/0.5 Candle House Ln 0/0 Pine St 0/0 Pine St 0/0 New Ln 0/0.5 Washington St 0/0.5 Fayette St 0/0 Copper Ln 0/0.5 Center St 0/0.5 York St 0/1 Meadow Ln 0/0 Fair St 0/0.5 Copper Ln 0/0 Barnabus Ln 0/0 Woodbury Ln 0/0.5 Angola St 0/0.5 West Chester St 0/0.5 West Chester St 0/0 Pleasant St 0/0.5 Copper Ln 0/0 Union St 0/0.5 Washington St 0/0

Lot Size

0.12 0.00 0.12 0.12 0.12 0.12 0.08 0.16 0.11 0.16 0.16 0.00 0.18 0.67 0.22 0.14 0.15 0.20 0.14 0.16 0.23 0.13 0.13 0.12 0.29

KEY TO LISTING OFFICES AERE BAMB BOYC BWRE BLUE CHAT COFF

KEY TO PROPERTY TYPE

•

Nantucket Property News

Listing Office

Type

SF Condo SF SF SF SF SF SF Com SF SF Com SF SF SF SF SF SF SF SF SF MF SF SF SF

CHAT MAUR ISLP JORD CONG CONG COFF MAUR WWRE CVIL GTPT FRAZ MAUR GTPT JORD JORD MAUR GTPT MAUR GTPT MAUR MAUR GTPT AERE FRAZ

Area

Price

Street

Bed/ Bath

Lot Size

$2,975,000 $2,975,000 $2,995,000 $3,200,000 $3,250,000 $3,250,000 $3,250,000 $3,250,000 $3,275,000 $3,295,000 $3,450,000 $3,475,000 $3,500,000 $3,500,000 $3,795,000 $3,850,000 $3,875,000 $4,465,000 $4,995,000 $7,495,000

Lily St 0/0.5 Candle House Ln 0/1 Rays Court 0/0.5 West Chester St 0/1 Straight Wharf 0/0 Woodbury Ln 0/0.5 North Water St 0/0 North Water St 0/0 Milk St 0/0.5 Pine St 0/0.5 Easy St 0/1 India St 0/0.5 Center St 0/0.5 Center St 0/0.5 Madaket Rd 0/1 Orange St 0/0.5 Orange St 0/0.5 Orange St 0/0.5 Straight Wharf 0/1.5 Main St 0/1

0.12 0.14 0.21 0.14 0.14 0.24 0.16 0.16 0.22 0.12 0.10 0.06 0.23 0.23 0.51 0.15 0.12 0.14 0.07 0.15

SF SF SF SF Condo SF SF Com SF SF Com SF SF Com SF SF SF SF Com SF

MAUR MAUR JLEE WWRE MAUR MAUR GTPT GTPT WWRE MAUR KILL MAUR JORD JORD JORD CSAA MAUR MAUR WWRE CONG

Wauwinet Rd Eat Fire Spring Wauwinet Rd Wauwinet Rd

3.29 3.25 1.50 3.00

SF Land SF SF

COFF MAUR MAUR JLEE

Type

Listing Office

Wauwinet $1,895,000 $1,900,000 $2,295,000 $2,300,000

0/0 0/0 0/0.5 0/0

Price

Street

$2,475,000 Eat Fire Spring $2,495,000 Wauwinet Rd $2,850,000 Wauwinet Rd $2,900,000 Wauwinet Rd $2,995,000 Wauwinet Rd $12,000,000 Medouie Creek $12,900,000 Wauwinet Rd

Bed/ Bath

Lot Size

0/0 0/0 0/0.5 0/0 0/0.5 0/0 0/0.5

2.88 2.85 3.50 3.28 3.21 31.60 2.50

SF SF SF SF SF Land SF

MAUR JORD COMP COFF CONG WWRE MAUR

0/0 0/0 0/0 0/0 0/0 0/0.5 0/0 0/0.5 0/0 0/0 0/1 0/0 0/0.5

0.54 0.34 0.46 0.46 0.27 0.30 0.20 0.53 1.64 0.68 0.64 0.57 0.66

SF MF Land SF SF SF SF SF Land SF SF SF SF

AERE COFF COMP AERE CONG AERE CONG JLEE GTPT GTPT GTPT GTPT GTPT

Type

Listing Office

West of Town $519,000 $650,000 $656,000 $679,000 $725,000 $865,000 $925,000 $1,075,000 $1,990,000 $2,495,000 $2,495,000 $2,900,000 $2,975,000

Friendship Ln Cow Pond Ln Dukes Rd Equator Dr Tashama Ln Meadow Ln Dukes Rd Pinkham Circle Old Westmoor Madaket Rd Pilgrim Rd Meadow Ln Old Westmoor

SF . . . . . . . . . . . .Single Family MF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .Land Condo . . . . . . . .Condo

Com . . . . . . . . . .Commercial Co-op . . . . . . . . .Co-op

• January 13, 2011

PROPERTIES Real Estate Transactions DEC. 20 - JAN. 7 1 Kimball Ave.

William and Janice Jennings of Darien, CT purchased a dwelling at 2 Marion Avenue from Martin and Susan Wayne of Bedford Hills, NY for $3,650,000.

The First Sun, LLC of Nantucket purchased a vacant lot at 7 Old Westmoor Farm Road from the Nantucket Westmoor Farm, LLC of Washington, D.C. for $825,000.

The 86 West Chester Nominee Trust of Nantucket purchased a dwelling at 86 West Chester Street from the First Sun, LLC of Nantucket for $3,400,000.

Hale Everets purchased a dwelling at 26 Willard Street from the 28 Willard Street, LLC of Providence, RI for $775,000.

Harry and Sharon Pollack of Gladwyne, PA purchased a dwelling at 9 Washing Pond Road from George Davis of Nantucket for $3,200,000.

The Five Old Westmoor Farm, LLC of New Canaan, CT purchased a dwelling at 5 Old Westmoor Farm Road from the Nantucket Westmoor Farm, LLC of Cabin John, MD for $695,000.

The Nantucket Marine, LLC of Nantucket purchased a business at 14 Sun Island Road from the Fourteen Sun Island Road, LLC of Nantucket for $3,000,000. M. Flint Beal of New York, NY purchased a dwelling at 76 Millbrook Road from Nicole Bousquet of Nantucket for $2,750,000. The Woburn Kimball, LLC of Boston, MA purchased a dwelling at 1 Kimball Avenue from Earl Craig, III and Audrey Craig Walker, Trustees of Westerly Nominee Trust of San Angelo, TX for $15,525,000.

19 Monomoy Road

The Oak Hill Investments, LLC of Mattapoisett, MA purchased a dwelling at 8 Mooers Avenue from Alexius and Nancy Conroy of Fairfield, CT for $1,675,000. Mark and Anne Owen of Harpenden, Hertfordshire, United Kingdom purchased a dwelling at 15 Williams Street from Ed and Marie Lemberg of Nantucket for $1,500,000. Edward and Crystal Schultz of Smiths Parish, Bermuda purchased a dwelling at 7 Oakland Street from Brita, Lerner and Kirk Herlitz of San Carlos, CA for $1,325,000. The Oak Hill Investments, LLC of Mattapoisett, MA purchased a dwelling at 87 Cliff Road from Ina Lee Sirk of Newton, MA for $1,305,000. Scott and Michelle Grodsky of Longmeadow, MA purchased a dwelling at 9 Kittiwake Lane from the Lemberg Son and Daughter, LLC of Nantucket for $1,100,000.

Arthur Reade, Jr. Trustee of Nineteen Monomoy Road Nominee Trust of Nantucket purchased a dwelling at 19 Monomoy Road from Robert Wise, Trustee of the 19 Monomoy Road Realty Trust of New York, NY for $5,485,000. The Fair Street, LLC of Nantucket purchased a dwelling at 3 Fair Street from Gary Winn of Nantucket for $4,534,000.

The PDE Companies, LLC of Wilmington, DE purchased a dwelling at 5 Amelia Drive from Nantucket Bank, a division of Sovereign Bank of Boston, MA for $950,000. The 14 Old Westmoor Farm Realty Trust of New York, NY purchased a vacant lot at 14 Old Westmoor Farm Road from the Nantucket Westmoor Farm, LLC of Washington, D.C. for $850,000.

Timothy and Lorraine Milstead of Nantucket purchased a dwelling at 29 Equator Drive from Michael O’Reilly of Nantucket for $595,000. Emily Weinfeld, Trustee of 211 Madaket Road Nominee Trust of Woodcliff Lake, NJ purchased a vacant lot at 211 Madaket Road from Lisa Westerback of Vienna, VA for $590,250. Pamela Cariin of West Lake Village, CA purchased a dwelling at 8 Equator Drive from Shannon Haddon of Nantucket for $575,000. Leslie Malcolm of Nantucket purchased a dwelling at 4 Washaman Avenue from The Sovereign Bank of Nantucket for $525,000. Robert Goodwin, Trustee of Sandy Water II Realty Trust of Hyannis, MA purchased a vacant lot at 6 South Pasture Lane from Linda Williams of Nantucket for $375,000. The Silversmith, LLC of Nantucket purchased a dwelling at 3 Silver Street from the Estate of Mildred Evans of Nantucket for $571,500. Joseph Manning of Nantucket purchased a business at 16 Macy’s Lane, Units D1 and D2, from Richard and Jeanne Diamond, Trustees of GEM Realty Trust of Nantucket for $380,000. Hennadiy Yukhymenko of Nantucket purchased a dwelling at 11 Perry Lane from Henry Garnett, Jr. of Nantucket for $360,000. Citibank, as trustee for the holders of Bear Stearns AH Trust of Simi Valley, CA purchased a dwelling at 45 Surfside Road from itself for $303, 750. Compiled by Peter Sutters

online anywhere anytime Nantucket Property News • Nantucket Property Journal

www.nareb-online.com

Gary Winn

Broker / Cell: 508.330.3069 3JÂ½GI I\X KEV]$QEYV]TISTPI GSQ

Brian Sullivan

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