NAREB News March 24, 2011 by NAREB

NANTUCKET

PROPERTY NEWS Vol. 2 No. 23

A publication of the Nantucket Association of Real Estate Brokers

March 24 ~ April 6, 2011

CONVERSATIONS

Town Meeting 2011 •••••••••••••••••••••••••••••

SARAH ALGER

Occupancy tax article resurfaces

ANDREW SPENCER

PROPERTY NEWS WRITER

o my mind, the typical attorney is an intimidating person. Lawyers are kind of like the dentist. They’re just somebody you don’t want to go see. It’s not that they’re mean or unkind or anything like that. I’ve certainly got more than my fair share of legal-minded family members, and most of them are actually pretty nice people. Rather, it’s just that when you go see a lawyer in their office, it typically means something is wrong. Something is wrong enough, in fact, that you need legal guidance. And that’s never a good thing. And then when you start writing about lawyers, you’ve really got to watch what you say, which adds a whole new dimension of trepidation. Like I said, the typical attorney is an intimidating person. Suffice it to say that Sarah Alger is not your typical attorney. Born in Hyannis and raised in Osterville, this most non-intimidating of lawyers began her legal career in the most unlikely of ways: she first honed her legalese by studying Romance languages at Dartmouth College in New Hampshire. “I never thought about being a lawyer,”

“There is a human cry to raise money for the town, but I don’t think this is the way to do it. It’s on the back of the tenants. We will drive down even further the average family who would come here and go fishing and eat out. We are already losing those people.” Cindy Lenhart, Compass Rose Real Estate By Mary Lancaster Property News Writer

hough it has been roundly defeated several times in the past dozen years, a proposal to impose a new local occupancy tax is resurfacing at this year’s Annual Town Meeting as Article 31, a Home Rule Petition. Town Meeting 2011 opens at 6 p.m. on Monday, April 4 in the high school auditorium. Some in the commercial lodging industry already required to charge a room tax, view this local option extending to rentals of private homes as essentially leveling the playing field because then every lessor Tax, continued on page 14

ROB BENCHLEY PHOTO

Alger, continued on page 12

Zoning and fiscal thrift meet renewable energy By Peter B Brace Property News Writer

INSIDE

ROB BENCHLEY PHOTO

A worker secures a steel beam on the new Dreamland Theater this week.

ou can shy away from Nantucket’s annual Town Meeting, begging off because of the ennui-filled zoning discussions, laborious amendment-making process and the alwayspainful budget articles. But, this year is one that should not be missed. Yes, there are what have come to be the inescapable annual, neighborhood-changing revisions to the island’s zoning districts. These include swapping residential for commercial uses, or tweaking the density of developable lot space — there’s 11 of them. But, the real hand-

raisers this year are of the energy and money saving persuasion at the municipal level. With the town’s fiscal challenges, lowering its energy costs and shedding excess real estate are two options embodied in articles on this year’s warrant. There are also several longstanding infrastructure improvement proposals.

Municipal renewable energy In 2006, in a non-binding referendum on Nantucket’s election ballot, 61 percent of the voters said “no” to the then proposed wind farm in Nantucket Sound. However, the mood of no wind energy at sea does not hold water on land Zoning articles, continued on page 13

WHAT’S ON THE MARKET?

CHECK OUT THIS GREAT VALUE

PROPERTY CLASSIFIEDS

The exclusive list of all properties for sale on Nantucket.

A 3-bedroom home, with an attached apartment, for under $600,000.

What’s for sale? What’s for rent?

Page 6

Page 21

Page 23

Gary Winn

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PROPERTY NEWS

1 Conversations Sarah Alger 4

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

4 A Publication of the Nantucket Association of Real Estate Brokers President Ken Beaugrand

Vice President Cynthia Lenhart

Past President Bill Liddle

Secretary Dalton Frazier

Treasurer Bernie Coffin

Members at Large Kenneth Lindsay & David Boyce

Get Real with Andrew Spencer

21 5 Great Values,Today 22 Property Transfers 23 Nantucket Property Sales & Rentals Classifieds 23 Mortgage Rates

ADVERTISER INDEX

Editor Don Costanzo Contributors Rob Benchley Mary Lancaster Peter B. Brace Andrew Spencer Jordi Cabre Peter A. Sutters

Maury People/Sotheby’s

Lee Real Estate

Distribution Ken Turgeon

Great Point Properties

Atlantic East Nantucket Real Estate

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” 2011, 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.

For advertising, editorial or other inquiries contact:

16 J Pepper Frazier Co. 17 Jordan Real Estate 18 Michael Angelsatro 18 Boyce Realty

11 Island Properties

19 Killen Real Estate

15 Maury People/Sotheby’s

24 Compass Rose Real Estate

15 Coffin Real Estate

Editor Don Costanzo at don@costanzo.com

www.nareb-online.com

C O N T E N T S

NANTUCKET

FEATURES

NAREB DIRECTORY Atlantic East Nantucket Real Estate 508-228-7707 5 N. Water Street Nantucket, MA 02554 office@nantucketrealestate.com www.nantucketrealestate.com

Congdon & Coleman Real Estate 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

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

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

LandVest 508-325-5090 Anchor Village 37 Old South Rd #5 Nantucket, Ma 02554 jdresser@landvest.com www.landvest.com

Grey Lady Properties Cooper Shepherd Associates 508-228-5668 Zero Main Street Nantucket, MA 02554 info@coopershepherd.com www.coopershepherd.com

Bennett Witte Real Estate 508-269-3309 PO Box 1176 Nantucket, MA 02554 sbwitte@comcast.net

Great Point Properties

508-257-0064 5 Chuck Hollow Road PO Box #2668 Nantucket, MA 02584 red@greyladyproperties.com mike@greyladyproperties.com www.greyladyproperties.com

Country Village Real Estate 508-228-8840 10 Straight Wharf Nantucket, MA 02554 nantucket@countryvillagere.com www.countryvillagere.com

Island Properties 508-228-6999 35A Old South Road Nantucket, MA 02554 office@islandpropertiesre.com www.islandpropertiesre.com

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

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

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

Vaughan Machado Maury People Sotheby’s International Realty 508-228-1881 37 Main Street Nantucket, MA 02554 info@maurypeople.com www.maurypeople.com

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

Welch & Associates Inc. RG Islandwide Realty 508-228-6396 PO Box 987 Nantucket, MA 02554 kenneth.lindsay@comcast.net

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

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

Westbrook Real Estate Denby Real Estate 508-228-2522 The Gallery @ 5 N. Water Street Nantucket, MA 02554 admin@denby.com www.denby.com

J Pepper Frazier Co. 508-228-3202 19 Centre Street Nantucket, MA 02554 office@jpfco.com www.jpfco.com

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

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

508-257-6355 Post Office Square PO Box 122 Siasconset, MA 02564 www.coffinrealestate.com

Tea Rose Realty Lee Real Estate

David Webster & Associates 508-228-5066 44 Madaket Road PO Box 1109 Nantucket, MA 02554 caroleanddavid@earthlink.net

‘Sconset Real Estate

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

Windwalker Real Estate Edith Delker Real Estate 508-257-9698 27 Stone Post Way PO Box 790 Siasconset, MA 02564 ndelker@comcast.net www.edithdelkerrealestate.com

Jordan Real Estate 508-228-4449 8 Federal Street Nantucket, MA 02554 info@jordanre.com www.jordanre.com

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

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

Killen Real Estate Figurehead Realty 508-228-4495 26 Milk Street Nantucket, MA 02554 dougruh@comcast.net

March 24, 2011 • Nantucket Property News • 3

508-228-0976 10 Easy Street PO Box 1166 Nantucket, MA 02554 www.killenrealestate.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.

GET REAL

with Andrew Spencer

Price

here’s been a lot of talk recently about the need for a parking garage in downtown Nantucket. Well, I think it’s time that I offered an alternative solution. Build a house. You heard me right. Build a house. Or, barring that, do a renovation, or an addition, or any kind of home improvement project that involves a local contractor. Here’s what happens when you do that. You hire the person to do the work on your house and this starts a labor-intensive process that involves a lot of people and a lot of meetings and a lot of talking and a lot of creating and modifying plans. And the thing that is most important to the entire process, regardless of the actual size of the project itself, is communication with those people who are involved in the process. Just like in any good relationship, communication is key. Talk to the people who are doing the work. And start the conversation long before the first hole is dug or the first hammer is swung or the first board is cut. Make sure everyone is on the same page so that there are no surprises in the end. Or at least as few a number of surprises as is humanly possible. And I don’t just mean talk to the lead contractor. Make sure you’re in conversations with every member of the team, right down to the guy whose job it is to sweep the floor at the end of the day. An important note here that needs to be mentioned. Oftentimes contractors prefer to be the single point of communication in a project, which means that they prefer you not go bothering their subcontractors with issues you might think are important. It’s important –— vital is not too strong a word — that you, as the client, respect your contractor’s wishes. However, you also need to remember that you are, in fact, the customer here, and if you want to talk to the electrician or the painter or the guy building the staircase, you’ve got every right to do so. Just make sure to go through your contractor first so that everyone is on the same page. Communication is a twoway street, and it’s just as important for you to respect your contractor’s wishes regarding communication as it is for him to respect yours. Speaking of two-way streets, this is the part where I explain my solution for the traffic issues that seem to plague us every summer. A job site is oftentimes a hectic, messy place to have a meeting where you hope to be able to hear yourself think, let alone talk. Between nail guns and table saws and radios, there’s enough noise inside a construction project to drown out even the loudest of talkers. I’ve got the solution for you, and I’m going to solve your parking problems while I’m at it. Get in your car and drive downtown. Now you’re all sitting there thinking that Andrew’s lost his marbles. Maybe the recession has finally gotten to his brain and he can’t think straight any longer. Or maybe it’s the winter taking its toll on him. But I digress. So, you’re driving downtown. And since you’re on Nantucket, it’s a small town where you oftentimes happen to see folks you know driving the other direction. With a little planning on your part, you can time it so that you and your contractor are driving in opposite directions on, let’s say, Washington Street at the same time. You see each other, and being the friendly types you are, you wave to each other. And because you’re on Nantucket, you can kick it up a notch. That’s right. Stop your car. Put it in park. Have your conversation right there in the middle of Washington Street, and if people behind you get a little irked, remind them that they’re on Nantucket and this “ain’t the mainland” and it’s a quaint little custom we have out here on the Island of Quaint Little Customs. And the beauty of this thing is if you just get out of your car, you can continue your conversation while you run the errands you need to run while you’re in town. And everyone behind you can do what they need to do, too. Everyone gets a parking spot and we didn’t have to build a parking garage. Problem solved. Andrew Spencer, a fifth-generation summer resident-turned-yearrounder, 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.” •

Nantucket Property News

Area

High Traffic Areas

L I N K Properties for Sale on Nantucket

•

March 24, 2011

Street

Bed/ Bath

Lot Size

Type

Listing Office

Brant Point

Price

Street

Bed/ Bath

Lot Size

Type

Listing Office

Madaket

$799,000

North Beach St 2/2

0.07

ISLP

$324,000

Arkansas Ave

2/2

0.05

GTPT

$800,000

Easton St

2/1

0.12

KILL

$325,000

Arkansas Ave

2/2

0.07

AERE

$950,000

Easton St

2/1

0.18

KILL

$350,000

Arkansas Ave

3/2

0.08

AERE

$975,000

North Beach St 5/5

0.19

Com

ISLP

$489,000

Arkansas Ave

3/2.5 0.07

COFF

$1,350,000 Cornish St

3/2

0.10

KILL

$660,000

Rhode Island Ave 3/2

0.23

WWRE

$1,550,000 Dolphin Court

0/0

0.14

Land

FRAZ

$825,000

Ridge Ln

3/2

0.23

CVIL

$1,595,000 Sylvia Lane

3/2

0.23

FRAZ

$875,000

L St

2/1

0.46

ISLP

$1,695,000 Willard St

2/2.5 0.05

BAMB

$995,000

Washington Ave 3/2

0.23

CSAA

$1,695,000 Willard St

3/2

0.04

CONG

$999,000

Washington Ave 3/1.5 0.19

MAUR

$1,795,000 North Ave

8/3.5 0.94

KILL

$1,100,000 New Jersey Ave 2/1

0.45

MAUR

$2,295,000 North Beach St 4/4.5 0.21

CSAA

$1,195,000 Warrens Landing 3/2

1.26

JORD

$2,295,000 North Beach St 4/4.5 0.15

GLDY

$1,389,000 Long Pond Dr

4/3.5 0.93

AERE

$2,365,000 Stone Barn Way 2/2.5 0.14

CSAA

$1,799,000 Washington Ave 2/3.5 0.18

WWRE

$2,400,000 North Beach St 4/2

0.18

MAUR

$1,995,000 Starbuck Rd

MAUR

$2,695,000 East Lincoln Ave 4/3

4/3.5 0.48

0.10

WWRE

$1,995,000 Starbuck Rd

4/3

0.74

FRAZ

5/5.5 0.13

FRAZ

$2,995,000 H St

4/3.5 0.41

MAUR

$3,299,000 Brant Point Rd 5/3.5 0.65

WWRE

$3,750,000 Tennessee Ave

2/2

0.29

GTPT

$3,975,000 Easton St

MAUR 0/0

0.58

$2,995,000 Dolphin Court

4/3.5 0.13

Madequecham Cisco $519,000

$850,000 Somerset Rd

Land

BAMB

MAUR

$1,275,000 Wigwam Rd

4/2.5 1.16

CSAA

ISLP

$1,780,500 Mad. Valley Rd 2/1.5 1.70

AERE

FRAZ

$1,895,000 Mad. Valley Rd 5/3.5 1.38

MAUR

CSAA

$2,295,000 Mad. Valley Rd 4/2.5 0.69

MAUR

0/0

0.25

$1,545,000 Moby Way

4/2

0.58

$1,625,000 Aurora Way

4/3.5 0.00

$1,995,000 Moby Way

4/2

0.50

Land

Russell St

$2,495,000 Westerwyck Way 5/3

0.46

MAUR

$2,295,000 Mad. Valley Rd 0/0

3.09

Land

GLDY

$2,995,000 Austine Locke

0/0

0.72

Land

CONG

$2,575,000 Wigwam Rd

4/5

1.16

CVIL

$3,475,000 Osprey Way

3/3.5 0.42

MAUR

$2,695,000 Mad. Valley Rd 3/3

1.17

MAUR

$3,699,000 Caroline Way

4/3.5 0.55

MAUR

$3,900,000 New South Rd

20.81

KILL

$3,995,000 Falmouth Ave

5/4.5 0.24

MAUR

$4,900,000 Mad. Valley Rd 6/5.5 2.93

MAUR

Cliff

4/3

Miacomet

$759,900

Cliff Rd

2/2

0.00

Condo JORD

$407,000

Mikes Dr

0/0

0.46

Land

GTPT

$910,000

Delny Rd

0/0

0.14

Land

MAUR

$429,000

Miacomet Ave

3/2

0.11

COFF

$975,000

Delny Rd

GTPT

3/3

0.22

ISLP

$435,000

Somerset Ln

0/0

0.46

Land

$1,285,000 Derrymore Rd

5/3

0.20

CVIL

$511,000

Somerset Rd

0/0

0.45

Land

CSAA

$1,650,000 Cliff Rd

0/0

1.84

Land

ISLP

$511,000

Sommerset Rd

0/0

0.45

Land

CVIL

$1,899,000 Pilgrim Rd

4/4

0.50

COFF

$575,000

Miacomet Ave

3/1

0.16

COFF

$2,250,000 Cliff Rd

7/4

0.67

FRAZ

$630,000

Valley View Dr 3/3

0.17

MAUR

$2,395,000 North Star Ln

4/3.5 0.18

PREF

$695,000

Celtic Dr

6/4

0.20

MAUR

$2,445,000 Kite Hill Ln

3/4

0.12

MAUR

$695,000

Doc Ryder

0/0

0.61

Land

MAUR

$2,475,000 Cliff Rd

4/3

0.46

MAUR

$799,000

Catherine Ln

3/3.5 0.71

MAUR

$3,395,000 Cliff Rd

5/4.5 0.29

MAUR

$949,000

Miacomet Ave

3/2

0.32

COFF

CVIL

$950,000

Somerset Rd

3/2.5 0.45

COFF

Sleepy Hollow

4/5

Condo MAUR

$3,950,000 Maxey Pond Rd 5/7

2.31

$4,350,000 Deacons Way

5/5

2.00

MAUR

$999,500

$5,275,000 Cliff Rd

5/4.5 0.14

MAUR

$1,399,000 Windy Way

1/1.5 0.00

Com

MAUR

$1,995,000 Miacomet Rd

3/2.5 1.80

MAUR

0.29

$6,750,000 Lincoln Circle

7/3

0.38

GTPT

$6,900,000 Hallowell Ln

4/3.5 0.58

WWRE

$9,800,000 Cliff Rd

8/7

0.56

JORD

Mid Island

$23,700,000Sherburne Way 5/4.5 1.66

MAUR

$95,000

Salros Rd

0/0.5 0.23

Condo CSAA

$23,750,000Lincoln Ave

MAUR

$120,000

Salros Rd

0/0.5 0.23

Com

CSAA

$219,000

Pine Crest Dr

0/0

0.16

Land

MAUR

$225,000

Bartlett Rd

0/0

0.14

Land

WWRE

7/10.5 0.79

Dionis $1,695,000 Swift Rock Rd

3/2.5 1.00

MAUR

$225,000

Perry Ln

0/0

0.12

Land

WWRE

$1,925,000 Bishops Rise

4/3.5 1.95

JORD

$240,000

Backus Ln

0/0

0.26

Land

MAUR

$2,395,000 Eel Point Rd

5/4

2.02

WWRE

$240,000

Backus Ln

0/0

0.33

Land

MAUR

$2,875,000 Fintry Ln

7/7.5 1.84

ISLP

$245,000

Pine Crest Dr

0/0

0.14

Land

MAUR

$3,150,000 Primrose Ln

4/3.5 2.00

JORD

$275,000

Bartlett Rd

0/0

0.23

Land

BAMB

$4,995,000 Lavendar Ln

6/6.5 1.84

FRAZ

$289,500

Essex Rd

3/2.5 0.12

Condo MAUR

$5,950,000 Eel Point Rd

0/0

5.09

Land

MAUR

$289,500

Essex Rd

3/2.5 0.12

Condo MAUR

$9,995,000 Eel Point Rd

0/0

13.46

Land

AERE

$324,900

Mary Ann Dr

4/4

0.00

Condo FRAZ

$339,000

Park Circle

3/2

0.00

Condo CONG

$345,000

Essex Rd

3/1

0.00

Condo CSAA

Hummock Pond $695,000

Aurora Way

0/0

0.15

Land

FRAZ

$349,000

Salros Rd

2/1

0.23

Com

CSAA

$995,000

Austin Farm Dr 3/2

0.92

AERE

$389,000

Salros Rd

4/3

0.23

Com

CSAA

$1,150,000 Pond Rd

4/4

0.49

FRAZ

$395,000

Amelia Dr

0/1.5 0.00

Condo COFF

$1,395,000 Aurora Way

4/3.5 0.12

FRAZ

$399,000

Park Circle

3/2.5 0.00

Condo KILL

$1,495,000 Aurora Way

4/3.5 0.15

MAUR

$430,000

Hinsdale Rd

2/2.5 0.06

Condo WWRE

$2,995,000 Hummock Pond 6/5.5 0.74

COMP

$440,000

Park Circle

3/2.5 0.00

Condo GTPT

$449,000

Backus Ln

3/2

$449,000

Hinsdale Rd

2/2.5 0.00

$449,000

Nobadeer Farm 0/1

0.26 0.16

MAUR

Condo COMP Com

JORD

Continued on page 10

In Town with Pool Four bedroom house, two bay garage, with a one bedroom apartment above, and a Gunite pool situated on nearly a half acre of manicured land in Town. The property has been well-maintained including 2010 improvements of a new roof, new back deck, tile in the bathrooms and new counters and cabinetry in the kitchen. The home boasts a consistent summer rental history and is within a short stroll to area shops and restaurants. $2,375,000

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.

$579,000

Landmark Lincoln Circle Property

Uncompromising Beach Estate

Fabulous Victorian antique on an oversized lot. This bright and sunny summer home offers ample room for expansion and potential for subdivision. Ideally located across from Steps Beach. Harbor and Sound views from many rooms.

$6,750,000

In-town on a Quiet Side Street

Exceptional Detail & Style

Wonderful property on a quiet in-town lane. A charming gambrel style house with an inviting covered porch on the front and a lovely arbor gate from the street. In addition there is a three bedroom secondary dwelling/apartment with a two car garage. Oversized lot with patio and grass areas, as well as ample parking. The property also has a great rental history.

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.

Perfect Waterfront Retreat

Commercial Opportunities

$2,250,000

$595,000

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.

Newly renovated commercial condominiums. Unit 4 ($895,000) is 1,096 sq.ft on the first floor and Unit 6 ($450,000) is 620 sq. ft. on the second floor of the Sanford Boat Building in the mid-Island commercial district. Great onsite parking. Close to Nantucket Bank, The Seagrille, Stop & Shop and other stores. Unit 6 has a distant view of the Harbor. Unit 4 has a Tenant at Will and the real estate is being offered for sale only.

$3,750,000

Both units for: $1,345,000

One of a kind! Stunning new oceanfront 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.

$19,900,000

Private Lot in Miacomet Abutting 31 acres of Land Bank land, this half acre building lot comes with Emeritus Development designed plans to build a 3 bedroom, 3.5 bath home with pool. This private lot is conveniently located near Miacomet Golf, Bartlett's Farm, and the south shore beaches.

$407,000

Ocean Access Moments Away

Private and very charming three bedroom Wauwinet area home. The large, lovely yard and gardens offer separate areas to dine, relax or play. A 22,200+ square foot lot in 5,000 square foot zoning allows for significant expansion to create the beach house of your dreams. Deeded beach access to the Squam beach. Easy access to the Wauwinet Inn, Toppers and Great Point.

$1,950,000

Landscaped Oasis Moments from Town 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. $2,095,000

Attractive Cape with Options

Renovated Antique

Cape style home located on a large lot in a quiet neighborhood. Three floors of living space. 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.

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.

$849,000

$1,295,000

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.

$1,495,000

Woodbury

Westmoor Barn with Plans

Madaket Townhouse

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.

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.

This three level end unit town house is a great opportunity for the first time home buyer offering incredible potential. Recent improvements include new windows, new interior paint, tile in the bathrooms and entryway as well as brand new kitchen appliances.

Amazing Oceanfront Property

Polpis Harborfront

$2,595,000

Impeccable off Surfside Road

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.

$799,000

$324,000

$2,495,000

Panoramic views over the Tom Nevers Bluff, the 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

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

Secluded Surfside Setting …

Points of View

Oceanfront Living

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!

This wonderful property is the best waterfront value on the market! 2+ acres of land with 200’ of oceanfront beach in one of the best surfing and fishing areas on the island. Keep it simple, as is, or build your own perfect beach house on this ideal spot on the south shore.

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

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

$1,780,500 Listing Broker: Jane Miller, ABR, RSPS

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

Over 13 acres

Notable Whaling Era Home

Sconset Land

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.

Located in the historic district and built in 1806 by Clovis Black, a ship’s carpenter. Recent updates include a new kitchen, bathrooms, AC and furnace. Generous rooms, hedged yard and 3 off street parking spots.

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

$2,850,000 Listing Broker: Ken Beaugrand

$589,900 Listing Broker: Ken Beaugrand

Listing Brokers: Ken Beaugrand

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

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

$1,490,000 Listing Broker: Penny Dey, GRI, ABRM

$2,990,000 Listing Broker: Melinda Vallett

Mizzenmast Sunset

Everything You Ask For

Charming and Bright...

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

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.

$795,000 Listing Broker: Ken Beaugrand

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

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

Casual Comfortâ&#x20AC;Ś

Tom Nevers Land

A Peaceful View

In one of the most spacious homes in Naushop. Located on a cul-de-sac 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.

A one acre lot (located in LUG 3 zoning) in Tom Nevers! A great opportunity to build a new home on Nantucket Island. Potential for distant second floor water views.

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

$895,000 Listing Broker: Heidi Drew, ABR, RSPS

$450,000 Listing Broker: Meg Ruley, ABR, RSPS

$325,000 Listing Broker: Ken Beaugrand

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

L I N K Properties for Sale on Nantucket Area

Area

Price

Street

$450,000

Sanford Rd

Bed/ Bath

0/0

Lot Size

0.28

Type

Com

Area

Listing Office

Price

Street

GTPT

$739,000

KILL

$795,000

Bed/ Bath

Lot Size

Type

Listing Office

Price

Friendship Ln Luff Rd

3/3.5 0.46

JORD

$1,475,000 Arrowhead Dr

3/2

AERE

$1,695,000 Sheep Commons 3/3

0.34

Street

$450,000

Amelia Dr

0/0.5 0.00

Com

$455,000

Park Circle

3/2.5 0.00

Condo COFF

$795,000

U Tawpawshaw Rd0/0

0.37

Land

CONG

$469,000

Nobska Way

2/1

CVIL

$799,000

Salros Rd

0.23

Com

CSAA

Monomoy

0.12

4/3

Bed/ Bath

Lot Size

2/2.5 0.40

Type

Listing Office

Com

KILL

0.80

CONG

Condo BOYC

$489,000

Old South Rd

3/1

0.33

JORD

$799,000

Halyard Ln

3/2

0.35

WWRE

$749,000

Milestone Rd

2/2

0.00

$489,000

Old South Rd

3/1

0.33

Com

JORD

$800,000

Old South Rd

4/3

0.11

Com

COFF

$999,000

Brewster Rd

0/0

2.86

Land

FRAZ

3/2

1.37

MAUR

4/2.5 0.75

Condo GTPT

$1,695,000 Brewster Rd

Pine Crest Dr

3/3.5 1.10

GTPT

$3,250,000 Monomoy Rd

6/6.5 0.92

MAUR

Surfside Rd

5/2

CSAA

$3,895,000 Monomoy Rd

5/4.5 0.15

CONG GTPT

$495,000

Perry Ln

0/0

0.23

Land

KILL

$829,000

Old South Rd

$495,000

Friendship Ln

0/0

0.46

Land

CONG

$849,000

AERE

$850,000

0.46

$495,000

Friendship Ln

0/0

$540,000

Teasdale Circle

2/2.5 0.00

Condo WWRE

$895,000

Pine Crest Dr

3/3.5 1.29

MAUR

$5,995,000 Monomoy Rd

4/2.5 1.84

$559,000

Essex Rd

4/3

$895,000

Sanford Rd

0/0

Com

GTPT

$5,995,000 Monomoy Rd

8/6.5 1.75

KILL

$7,900,000 Salt Marsh Rd

6/7

5.06

KILL

3/3

0.00

0.19

Land

0.23

FRAZ

0.28

$575,000

Amelia Dr

0/0.5 0.00

Com

KILL

$895,000

Cato Ln

6/5

0.23

BAMB

$579,000

Surfside Rd

3/2

0.15

MAUR

$900,000

Bartlett Rd

1/1

0.70

KILL

$595,000

Macys Ln

3/2

0.17

GTPT

$925,000

Witherspoon Dr 4/3.5 0.13

MAUR

Nashaquisset

$595,000

Hooper Farm Rd 2/2

0.25

CONG

$995,000

Old South Rd

0/3

0.18

Com

KILL

$790,000

$599,000

Hooper Farm Rd 3/3

0.24

CVIL

$995,000

Amelia Dr

0/1

0.00

Com

KILL

$1,153,750 Yompasham Ln 3/2.5 0.29

$650,000

Daffodil Ln

3/2.5 0.47

Co-Op JORD

$998,000

Fairgrounds Rd 4/3

0.54

AERE

$655,000

Essex Rd

3/2.5 0.20

COFF

$1,050,000 Arrowhead Dr

2/2.5 0.14

Com

KILL

Naushop

$665,000

Pine Tree Rd

3/2

0.20

COMP

$1,100,000 Hanabea Ln

4/4

0.17

Com

COFF

$395,000

Goldfinch Dr

0/0

$699,000

Waydale Rd

5/4

0.28

JORD

$1,100,000 Old South Rd

4/4

0.17

Com

COFF

$395,000

Goldfinch Dr

COFF

$400,000

Goldfinch Dr

Co-Op AERE SF

COFF

0.13

Land

JORD

0/0

0.13

Land

CSAA

0/0

0.12

Land

CONG

$700,000

Celtic Dr

8/5

0.22

COFF

$1,285,000 Meadow View Dr 4/4.5

0.46

$707,000

Friendship Ln

6/3

0.49

ISLP

$1,295,000 Chins Way

3/1

0.13

Com

CONG

$450,000

Goldfinch Dr

0/0

0.15

Land

CONG

$729,000

Surfside Rd

1/1

0.44

BAMB

$1,300,000 Sparks Ave

0/0.5 0.22

Com

MAUR

$450,000

Goldfinch Dr

0/0

0.14

Land

CONG

$739,000

Surfside Rd

4/3

0.46

JORD

$1,345,000 Sanford Rd

0/0

Com

GTPT

KEY TO LISTING OFFICES AERE . . . . . . . . .Atlantic East Real Estate BAMB . . . . . . . .Bamber Real Estate BOYC . . . . . . . . .Boyce Realty BWRE . . . . . . . .Bennett Witte Real Estate BLUE . . . . . . . . .Bluewater Real Estate CHAT . . . . . . . .Chatfield Taylor COFF . . . . . . . . .Coffin Real Estate

KEY TO PROPERTY TYPE

•

Nantucket Property News

0.28

Mamack Ln

Continued on page 16

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. Realty Group

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

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

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

• March 24, 2011

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!

Polpis

$2,695,000

Hollywood Farm - built in the 1870s was owned by the well-known Nantucket Starbuck and Swain families.The property includes the original farmhouse and barn, a charming one bedroom guest cottage, a separate music studio, a lovely fenced-in perennial garden and mature plantings which create a private and enjoyable setting.A rare opportunity to own a piece of historical Nantucket!

Town

$1,100,000

Newly constructed home features salvaged wood floors throughout and a comfortably open floor plan. Off-the-beaten path on a quiet residential street with easy accessibility to downtown. A front porch provides space to enjoy a calm evening outdoors and a back patio has room for an outdoor grill. This is a great opportunity to own a charming piece of Nantucket real estate!

Dionis

$2, 875,000

Custom-designed House, Studio/Garage and a separate 1-car Garage in Trot’s Hills area of Dionis. Multiple decks and porches are ideal for entertaining.Views over Linda Loring Nature Preserve. No restrictions on a pool if so desired. Only a short distance to a great Sound beach. This property also has one of the best Sunset views on the island!

Cisco

$1,545,000

Turn-Key Cisco 4 Bedroom home situated on the end of cul-de-sac. This property offers a strong established rental history, pastoral views & expansion potential. Easy access to popular Cisco Beach — A Surfer's Paradise!

Madaket

$875,000

This recently renovated, single-floor Madaket cottage sits on a spacious open lot and has views of Hither Creek.An oversized deck and large yard provide plenty of space to get out and enjoy the quiet surroundings; in addition you can walk to the Madaket Pier. With plenty of room for expansion — this is a unique piece of Madaket real estate!

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

NEWS REPORT Alger, continued from page 1 she admitted recently. After all, her father was a lawyer, and Sarah was bound and determined not to work with her father. But a funny thing happened on the way to employment independence. “I had no idea what I really wanted to do when I grew up,” she explained. During her final year of college, she interviewed with a smattering of corporate recruiters who came to Dartmouth looking for investment banking analysts. “All my friends were doing it, so I thought about doing that. I’d only taken one economics course in college, though.” Wall Street didn’t pan out, so she turned her attention to teaching at a boarding school. “They made it sound so discomfiting,” she said of those interviews. She’d taken the Law School Aptitude Test — she admits today that she actually showed up late for the test — though she couldn’t exactly say why. “My parents didn’t even know I’d taken the LSATs,” she said. She did well on the test, and sent in an application to the Boston University School of Law. She was accepted and, “literally a few weeks before the school year started,” she enrolled. In Boston, she and her roommate took the first apartment they found. “There was a mouse shellacked into the floor,” she recalled. “And our upstairs neighbors – they had about 15 people living up there — would do their laundry in the sink, and the water would overflow and leak down into our kitchen.” Her first day of law school was equally inauspicious: “Everybody else had done all this work prior to the first day of school, and I hadn’t done anything. I thought I’d made a huge mistake.” But she plodded her way through the rigorous curriculum. “I enjoyed doing law,” she said. “I liked the practice of law so much more than school.” She spent some time during law school working in the Massachusetts Estate Tax Bureau in Boston, which was an experience that would later come in handy in her life on Nantucket. “I got a lot of experience dealing with estate taxes and a lot of experience dealing with governmental bureaucracy.” Sarah took a job after law school working for a small law firm in Boston; she’d vowed not to work on the Cape, where her father was a practicing attorney. She landed on Nantucket, ironically enough, on something akin to a dare. Her husband, Bruce, said to her that he bet she couldn’t get a job on one of the islands. Not one to be doubted, Sarah sent her resume off to several firms on the Vineyard and Nantucket, and local attorney Foley Vaughn decided to take her on. From there, she went to work with Arthur Reade for 13 years, and today is the legal genius behind the firm of Sarah Alger, PC. Many of us know Sarah from her other role as well — that of Moderator for the Town of Nantucket. It’s a position she decided to seek after a conversation with Fooods For Here and There owner Mark Arnold. Mark was, at the time, Moderator, and he told Sarah that he would not be seeking re-election. It was a position near and dear to Sarah’s heart, as her father had been the Barnstable Moderator during her childhood, and she’d grown up going to Town Meeting with him. “I loved going to Town Meeting,” she said. “I was the time keeper.” She ran for, and was elected to, the position of Moderator in 1997, and has held it ever since, dutifully rattling off the details of articles, information she readily admits her office assistant is responsible for putting together for her. She also calls on voters at Town Meeting, most of whom she knows by name, a fact I found astounding, given the number of people in attendance. “It’s actually because people tend to sit in the same seats every year,” she admitted. Her advice to voters who want her attention

•

Nantucket Property News

•

March 24, 2011

ROB BENCHLEY

FILE PHOTO

ROB BENCHLEY

FILE PHOTO

Sarah Alger, who has served as Moderator for Nantucket Town Meeting since 1997 often calls on voters by name. “It’s actually because people tend to sit in the same seats every year,” she admits. Her advice to voters who want her attention? “You’ve got to be pushy to get my attention up there.”

is to be pushy: “You’ve got to be pushy to get my attention up there. Sometimes it’s hard to see with the lights shining in your eyes. And there are certain spots in the auditorium that you just can’t see from the stage.” Sarah was also one of the original “Fab Five” founders of A Safe Place, Nantucket’s domestic violence and abuse advocacy and support center. She is the President of the Board of Trustees of the Nantucket New School and has served on a variety of local boards. With all of that constant activity, free time is not something Sarah has an overabundance of, though when she finds herself with a little time, she loves to read — currently memoirs and biographies are the genre of choice — and to visit New Hampshire, where

her two daughters are currently in school. Despite the hectic workload, Sarah is content to keep going. “I don’t ever see myself retiring,” she said. And that is certainly good news for Nantucket. 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.”

NEWS REPORT Zoning, continued from page 1 given the support for up to three wind turbines proposed for Nantucket’s landfill in Articles 44, 45, and 46. Up to three, 900-kilowatt wind turbines are expected to save the town $250,000 to $400,000 a year in electric costs to operate the digester at its Materials Recovery Facility, among other municipal power needs. The turbines would stand 350 feet above the landfill property, 194 higher than the high school’s turbine. Adoption of Article 44 allows the Board of Selectmen, acting on behalf of the town, to include wind energy generation as an additional use of the three lots of landfill property at 188 Madaket Road. The authorization to spend the estimated $7.2 million needed to make this project a reality is embodied in Article 45. Article 46 makes the use of this land for wind energy generation possible by creating a wind energy overlay district for the town’s three landfill lots. Not stopping at the landfill, the town is also eyeing three other sites for renewable energy generation. For the Nantucket Memorial Airport, Wannacomet Water Company (at Wyers Valley and North Pasture near the new water tower), and the Surfside Wastewater Treatment Plant, through articles 95, 96 and 97, the town is hoping to install four solar photovoltaic arrays for an annual savings of $285,530, $248,530, $231,420 and $285,530, respectively. Each of the four ground-based solar arrays would be capable of generating up to two megawatts. The solar arrays would be installed this year if these three articles were adopted at Town Meeting.

pay for it There’s a lot of work to do still. We need to figure out how and how to pay for it.”

2FG ripple effect

ROB BENCHLEY PHOTO

Construction and opening of Nantucket’s new public safety facility at 2 Fairgrounds Road meant many things to several town offices. For the police and, eventually, the fire department, it means a proper building designed to suit the needs of growing island. But it is also a chance for the town to generate some capital and relocate some of its other departments in a more efficient way. After it renovates the old police station at 20 South Water St., the town plans to move the Sheriff’s Department and all of its offices in the Mooney Building at 22 Federal St. into this former police station. To fund this renovation, 22 Federal, currently assessed at $2,503,000, would be sold. If Article 93 were passed, it would set that process in motion. If Article 94 makes it out of the discussion alive, it would then allow the town to sell, if it needed, another of its’ annex buildings at 37 Washington St. (assessed at $2,343,300). The Building and Health departments, and Historic District and Conservation commissions are currently located at 37 Washington.

Dreamland marquee

In the middle of all this monetary misery, at least one zoning article stands out as a bright spot of hope on the horizon. Actually, it could be seen as a taking depending on where you’re standing. If you’re lucky enough, ROB BENCHLEY PHOTO however, to be standing in line to see a show at the Dreamland Theater — The Town, with Articles 93 & 94, is asking voters to approve any potential sale of town-owned buildings at, from top, 22 Federal Street and 37 Washington Street. once the Nantucket Dreamland Foundation completes the reconstruction of this building sandwiched What to take and what between South Water and Easy streets to leave behind — you will undoubtedly pass beneath Through Articles 35 and 36, Pochick Avenue prop- Sewering Monomoy its marquee and see the logic for this article. erty owner Christopher Magee’s proposes that the One of the projects the town will surely direct Over the past several weeks, builders have been town formally take the Boulevarde, Lovers Lane, money toward that might otherwise go toward the putting up the steel frame of the theater, so you may Okorwaw Avenue and Monohansett Road. Drive any repaving of the aforementioned private roads is the of these roads and Magee’s intent will become quite designing and engineering of the addition of most of have noticed a section of the frame hanging over the obvious: the deplorable condition of certain sections the properties in Monomoy to the town’s sewer dis- sidewalk on South Water St. To continue with the of these private roads makes them almost impassable trict. Article 73 and 74, if adopted by Town Meeting construction of this overhang, the marquee for the during and after heavy rain, snow and ice events, and voters, would add these properties only to the sewer theater, NDF sponsored Article 89 seeking an easegenerally throughout the year. district and would secure only the money needed to ment from the town that would allow this portion of But, given the town’s current budget crisis in design and engineer the sewer collection pipe system the new building to technically exist on town property. This article also asks for similar easements for the which more town employees are losing their jobs on for Monomoy. April 1 due to the town’s consolidation plan, making Clear community consensus exists for sewering trespassing of gutters on South Water and Oak streets roads currently private into public ways, which the Monomoy, one of the needs areas outlined in the and “a portion of coffer dam under and within the Department of Public Works would then eventually Comprehensive Wastewater Management Plan. But layout of Oak Street”. rebuild and repave, does not seem high on the town’s this winter, the selectmen decided that the town does priority list. And, it is probably why the FinCom’s not have the $15 million to begin construction this Zoning, always zoning Devised by the Planning Department and Planning recommendation for both of these articles is to take year, so it will focus $558,000 on design and engiBoard to meet the evolving needs of residential and no action. That does not mean, however, that Magee neering. cannot call these articles for discussion. “The board has pretty much decided to step back,” commercial uses on the island, Town Meeting artiWhat the town would like to take, however, is the said Selectman Michael Kopko. “I think what we cles are sometimes designed to convert old zoning .12-of-an-acre lot at 50 Union St. Article 92 would want to do is read the CWMP — we now have districts into new ones. For instance, in the commerallow for the widening of the intersection at Union Madaket and Long Pond estuaries reports — and cial vein, Article 47, converts Island Lumber’s propand Francis streets, making it easier for large trucks, integrate them with CWMP, and look at how technol- erty from its current RC-2 zone to VN and VR, which and traffic in general, to make navigate this corner. ogy is advancing. There needs to be some long-term stand for Village Neighborhood and Village planning and analysis on the fiscal issue of how to Zoning articles, continued on page 14

March 24, 2011

•

Nantucket Property News

•

NEWS REPORT Tax, continued from page 1 would levy a fee. The town sees it as a means to bring in an estimated $1 million or more for general fund expenditures, while homeowners and realtors who represent them fear the new tax could further drive away an already dwindling tourist market. “I think rents are already being besieged because of the economy. You can’t just tack something on and pass it along,” said David Callahan, a principal of Jordan Real Estate and President of the Cape Cod and the Islands Association of Realtors. “Rates for rentals have come down. Some homeowners who bought knew they could get revenue, but to take another six percent may make their properties unaffordable to make ends meet. “Nantucket is already an expensive place to visit and people will be hit again. We are killing the goose that lays our golden egg. We can’t just keep taxing people and expect them to keep coming. I realize the town needs more money to spend, but tourism is our number one economy. You can’t keep sticking it to those people.” Cindy Lenhart, owner of Compass Rose Real Estate, echoes Callahan’s and others’ opinions. “I object to the whole idea for a lot of reasons. The rental business has really softened. We used to have a lot of middle class working folks that came here on vacation, but it became out of reach — the cost of the ferry, the cost of eating out, the cost of rentals,” said Lenhart. “If you add a six percent tax on top of what they’re paying it adds to the killing of the goose. The big thing is the rental of a private home can’t be compared to a business. The homeowners don’t make money; it only defrays the cost of ownership. For the majority who move out for the summer, it barely supports their payments. “There is a human cry to raise money for the town, but I don’t think this is the way to do it. It’s on

Zoning, continued from page 13 Residential, respectively. This change is about efficiency, allowing current uses to exist and making room for new ones. The same goes for Article 48, which would protect the residential aspects of 59 Surfside Road by removing it from Residential Commercial-2 and placing it in Residential-5. It protects the commercial aspects of 57 Surfside Road by removing it from RC-2 and placing it in the new district of Commercial Neighborhood. Similarly, Article 49, is designed to enhance the residential-only feel of nine properties along Miacomet Road by plucking them out of their RC-2 district — which is zoned for 5,000-square-foot lots — and changing their zoning to Residential-20. The Residential-20 designation allows a minimum lot size

online

the back of the tenants. We will drive down even further the average family who would come here and go fishing and eat out,” she continued. “We are already losing those people.” Selectman Michael Kopko, a former guesthouse operator, explained that of the current 11.7 percent occupancy tax collected by licensed innkeepers, six percent goes to the town and the remainder to the state. The Article 31 Home Rule Petition seeks to charge up to six percent of the total rent for occupancy in a seasonal rental property or other such transient accommodation, including residential properties, which are let for 90 days or less. The six percent from private renters would go to the town with a portion deposited into the general fund for fire, police and other residential services and a portion allocated to cover costs for the Visitor Services Bureau. While island innkeepers do not reap any direct monetary benefit from the six percent they pay to the town, Visitor Services is a tool of the lodging industry by providing promotions and information about local commercial lodging establishments, said Kopko. That return does not and would not apply to privately rented properties. Kopko also explained that the federal tax exemption given homeowners who rent for no longer than two weeks at a time would remain in effect, and that no town oversight in the form of a lodging tax office or the like would be required for the new fee. Charles Stott, President of the Madaket Homeowners Association, said a quantity of its members rent their homes for two to three weeks a year to help with mortgage payments and assert that charging an extra six percent will make it more difficult to rent at present prices and may cause people to lower the rent to keep costs level. “It will be harder on the tenant, and it is exacerbated by the recession,” said Stott. “It could affect the overall rental economy which has dropped in

past years.” Penny Dey, co-owner of Atlantic East Real Estate, and Ken Beaugrand, owner of Nantucket Real Estate, which this January joined as one office, added their objections to the article. They focus mainly on its financial impact for homeowners and poor timing in imposing another expense on “the lifeblood of our economy” while the nation’s economy climbs slowly back to prosperity. Bill Liddle, a broker with Great Point Properties, said he believes the article might gather more support in the future, not now when people across all strata all still struggling. “This remains ill-timed,” he said. “It was voted down last year and I wish [the town] had waited a little bit longer for the economy to get better, but they didn’t. I feel the advocates of the rental occupancy tax want to portray the home rentals as a business. It is not a business because the occupancy rate is so low and the cost of ownership is far greater than any revenue you can generate, opposed to an inn where you can effectively market and rent in the shoulder seasons along with the holidays.” Although no Massachusetts towns have instituted this locally based tax, several have passed Home Rule Petitions and await legislative approval. No new taxes can be introduced without the approval of the state legislature, and all past attempts to do so in this area, at the state level, have been defeated.

of 20,000 square feet, effectively protecting these properties from overdevelopment. The opposite of this change would occur on four properties on Fairgrounds and Rugged roads through Article 50, which is asking voter permission for the conversion of these lots from Land Use General (LUG-2) to Residential-40 (R-40). Property owners in LUG-2 need at least two acre to build whereas in the R-40 zone, they will only need one acre. Likewise, the thinking behind Article 51 is to increase the density of 4 Nobadeer Ave., a lot on Atlantic Avenue, and 1, 4 and 6 Weweeder Ave. by switching their zoning from LUG-2 to LUG-1. Conversely, this article would decrease the density of 9 and 149 Surfside Road by ratcheting it down from R-20 to LUG-1.

To learn about the other residential and commercial zoning changes, check out the 2011 Town Meeting Warrant at www.nantucketma.gov/Pages/NantucketMA_TownMeeting/2011at m/2011WarrantFinCom.pdf.

anywhere

anytime

Nantucket Property News Nantucket Property Journal

www.nareb-online.com 14

•

Nantucket Property News

•

March 24, 2011

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.

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.”

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

L I N K Properties for Sale on Nantucket Area

Area

Price

Street

$495,000

Bluebird Ln

Bed/ Bath

0/0

Lot Size

0.13

Type

Land

Listing Office

Price

CONG

Polpis

Area Street

Bed/ Bath

Lot Size

Type

Listing Office

Price

Street

$749,000

Bank St

Bed/ Bath

Lot Size

Type

Listing Office

1/1

0.13

COFF CVIL

$665,000

Goldfinch Dr

3/1.5 0.16

CONG

$1,350,000 Polpis Rd

3/2

1.00

COFF

$775,000

Bank St

1/1

0.05

$695,000

Dovekie Court

3/2.5 0.15

JORD

$1,550,000 North Pasture Ln0/0

0.95

Land

CONG

$795,000

Baxter Rd

5/4

0.52

MAUR

ISLP

$795,000

Hydrangea Ln

0/0

0.12

Land

MAUR

GTPT

$795,000

Hydrangea Ln

0/0

0.12

Land

MAUR

Hydrangea Ln

0/0

0.12

Land

MAUR

$699,000

Dovekie Court

3/2

0.12

CONG

$2,695,000 Polpis Rd

$699,000

Goldfinch Dr

3/2.5 0.11

JORD

$3,695,000 Almanack Pond 4/3

$749,000

Goldfinch Dr

4/3.5 0.15

AERE

$4,989,000 Polpis Rd

5/6

2.95

MAUR

$795,000

Goldfinch Dr

3/2.5 0.11

JORD

$12,500,000Polpis Rd

6/7

10.00

MAUR

$925,000

Brdway

3/1.5 0.05

WWRE

$829,000

Goldfinch Dr

3/2.5 0.13

MAUR

$975,000

Sconset Ave

3/3

0.19

COFF

$895,000

Dovekie Court

5/4.5 0.16

AERE

Quaise

COFF

$899,000

Kittiwake Ln

3/3.5 0.12

JORD

$899,000

Bassett Rd

5/3.5 4.10

2/1

3.99

0.99

$980,000

West Sankaty Rd 3/1

0.28

FRAZ

$995,000

Sconset Ave

3/2

0.21

DELK

0/0

1.50

Land

CONG

$910,000

Curlew Court

3/2.5 0.11

JORD

$3,500,000 Quaise Pastures 5/2

4.42

GTPT

$1,295,000 Plainfield

$915,000

Killdeer Ln

5/3.5 0.12

COMP

$3,500,000 Quaise Pastures 0/0

4.42

Land

GTPT

$1,395,000 Baxter Rd

3/2

0.24

MAUR

$939,000

Kittiwake Ln

4/2.5 0.11

GLDY

$1,495,000 Towaddy Ln

4/2

0.19

COFF

$1,049,000 Goldfinch Dr

4/3.5 0.11

CONG

Quidnet

$1,245,000 Goldfinch Dr

5/3.5 0.15

WWRE

$940,000

$1,495,000 Goldfinch Dr

4/4.5 0.12

JORD

$1,490,000 Sesachacha Rd $2,749,000 Quidnet Rd

Pocomo

$1,500,000 Burnell St

3/3

0.18

JLEE

Land

MAUR

$1,595,000 Sankaty Rd

3/1

0.62

COFF

3/2.5 0.14

AERE

$1,795,000 Shell St

4/3.5 0.15

MAUR

3/2

0.25

MAUR

$1,995,000 Morey Ln

4/4

0.23

FRAZ

$3,295,000 Chase Ln

4/3

4.39

CONG

$2,395,000 Sankaty Rd

4/2.5 0.44

COFF

Brier Patch Rd

0/0

1.01

$2,300,000 Wauwinet Rd

3/2.5 3.00

CONG

$3,395,000 Quidnet Rd

6/6.5 2.76

CONG

$2,395,000 Main St

4/3

0.88

MAUR

$2,990,000 Pocomo Rd

4/4

3.93

AERE

$3,495,000 Quidnet Rd

0/0

Land

MAUR

$2,450,000 Sankaty Rd

3/2.5 0.44

MAUR

$3,295,000 Village Way

3/4.5 0.29

ISLP

$2,495,000 Plainfield Rd

4/4.5 0.49

$3,995,000 Pocomo Rd

4/3

WWRE

4.06

3.60

Sconset

COFF

0.46

COFF

4/4.5 0.46

FRAZ

$2,675,000 Cannonbury Ln 5/3

$589,900

Comeau Ln

0/0

0.26

Land

AERE

$695,000

Hydrangea Ln

0/0

0.11

Land

MAUR

$2,795,000 Black Fish Ln

Continued on page 17 KEY TO LISTING OFFICES AERE . . . . . . . . .Atlantic East Real Estate BAMB . . . . . . . .Bamber Real Estate BOYC . . . . . . . . .Boyce Realty BWRE . . . . . . . .Bennett Witte Real Estate BLUE . . . . . . . . .Bluewater Real Estate CHAT . . . . . . . .Chatfield Taylor COFF . . . . . . . . .Coffin Real Estate

KEY TO PROPERTY TYPE

•

Nantucket Property News

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

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

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

• March 24, 2011

Eight Federal Street • Nantucket, MA 02554 • 508.228.4449

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

Town $3,295,000 7 Bedrooms, 4.5 Baths

Dionis $3,150,000 4 Bedrooms, 3.5 Baths

L I N K Properties for Sale on Nantucket Area Price

Area Street

$2,825,000 Black Fish Ln

Bed/ Bath

Lot Size

Listing Office

Type

Price

4/4.5 0.47

FRAZ

Shimmo

Area Street

Bed/ Bath

Lot Size

Type

Listing Office

Lot Size

Type

Field Ave

5/3.5 0.99

WWRE WEBS

Price

Street

$895,000

Bed/ Bath

Listing Office

$2,895,000 Ocean Ave

3/3

0.09

KILL

$3,395,000 South Valley Rd 3/3

1.60

MAUR

$995,000

Surfside Rd

0/0

1.25

Land

$2,950,000 Baxter Rd

4/3

0.52

CHAT

$4,995,000 Brewster Rd

1.89

PREF

$995,000

Boulevarde

0/0

0.68

Land

BAMB

$1,300,000 Woodbine St

0/0

1.15

Land

FRAZ

5/4

$2,995,000 Jennifer Ln

4/4.5 0.24

KILL

$2,995,000 Low Beach Rd

0/0

2.91

Land

GTPT

South of Town

$1,395,000 Lovers Ln

4/2.5 0.23

COMP

$2,995,000 Low Beach Rd

0/0

2.77

Land

FRAZ

$599,000

Hooper Farm Rd 2/1.5 0.47

$1,395,000 Skyline Dr

4/3.5 1.84

AERE

$3,000,000 Milestone Rd

COMP

0/0

2.82

Land

BAMB

$605,000

Fairgrounds Rd 4/3.5 0.00

Condo COFF

$1,475,000 Pochick Ave

5/4.5 1.26

MAUR

$3,650,000 Stone Post Way 5/6

0.50

COFF

$725,000

Tashama Ln

3/2

0.17

AERE

$1,550,000 Field Ave

6/5

1.01

GTPT

$3,750,000 Low Beach Rd

7/6

0.49

JLEE

$925,000

Lewis Court

4/2

0.34

FRAZ

$2,495,000 Surfside Rd

4/4

1.00

COMP

$3,795,000 Annes Ln

3/2.5 0.48

JLEE

$2,500,000 Skyline Dr

4/3

3.28

BWRE

$3,100,000 Okorwaw Ave

5/3.5 2.96

MAUR

FRAZ

AERE

$4,100,000 Morey Ln

6/4.5 0.76

MAUR

Squam

$4,275,000 Burnell St

8/9

0.00

FRAZ

$1,695,000 Squam Rd

0/0

0.92

Land

GTPT

$4,700,000 Bunker Hill

6/7

0.59

CONG

$2,495,000 Squam Rd

0/0

3.96

Land

WWRE

$10,995,000Low Beach Rd

5/5

7.07

MAUR

$2,495,000 Squam Rd

0/0

3.22

Land

WWRE

Tom Nevers

$7,450,000 Squam Rd

0/0

10.95

Land

WWRE

$450,000

Gloucester St

0/0

1.16

Land

GTPT

$535,000

Old Tom Nevers 2/1

0.00

Condo GLDY

$725,000

Flintlock Rd

0/0

1.29

Land

GLDY

$789,000

Clarendon St

3/3

0.18

WWRE

$895,000

Berkley St

3/2.5 0.23

MAUR

$950,000

Flintlock Rd

0/0

1.20

Land

COFF

$995,000

Wrights Landing 0/0

0.46

Land

JORD

$999,000

Whitetail Circle 0/0

2.75

Land

CONG

COFF

Shawkemo $1,895,000 Polpis Rd $2,395,000 Shawkemo Rd

$19,900,000Squam Rd 0/0 0/0

3.32 2.80

Land Land

MAUR

$5,700,000 Wingspread Ln 4/4.5 2.79

JLEE

$5,900,000 Shawkemo Hills 5/5.5 2.77

MAUR

$10,800,000Shawkemo Hills 5/7.5 2.38

KEY TO PROPERTY TYPE

8/12.5 2.40

MAUR

Surfside $449,000

Maclean Ln

$545,000

2/2

0.22

AERE

Surfside Rd

4/2.5 0.13

FRAZ

$591,900

Surfside Rd

1/5

0.18

BWRE

$599,000

Folger Ave

3/2

0.14

COMP

$795,000

Pochick Ave

0/0

1.10

Land

FRAZ

$799,000

Maclean Ln

4/4

0.18

GTPT

$825,000

Surfside Rd

5/3.5 0.30

KILL

$3,695,000 Nonantum Ave 4/6

$1,175,000 Jonathan Way

0.69

4/2.5 1.18

Continued on page 18

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

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

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

March 24, 2011

•

Nantucket Property News

•

Michael Angelastro

MONOMOY COTTAGE

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

Quiet, convenient location. Totally renovated — basement to roof, plus A.C. 2 bedrooms, 2 baths.

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!

$749,000

$2,095,000

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

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

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

508.257.6962 www.boycerealtynantucket.com

L I N K Properties for Sale on Nantucket Area Price

Area Street

$1,195,000 Marcus Way

Bed/ Bath

4/3

Lot Size

Type

2.99

Area

Listing Office

Price

Street

CONG

$695,000

Orange St

Bed/ Bath

2/1

Lot Size

Type

0.05

Listing Office

Price

Lot Size

Type

WWRE

$1,275,000 Orange St

7/4.5 0.30

MAUR

3/2

0.18

CONG

Street

Bed/ Bath

Listing Office

$1,299,000 Nichols Rd

3/2.5 0.14

FRAZ

$695,000

Warren St

1/1

0.05

JLEE

$1,275,000 New St

$1,475,000 Longwood Dr

3/2

FRAZ

$695,000

New Ln

0/0

0.11

Land

MAUR

$1,295,000 Back St

3/2.5 0.12

GTPT

MAUR

$749,000

Cherry St

4/2

0.14

FRAZ

$1,295,000 Union St

4/2.5 0.17

CHAT

GLDY

$750,000

Orange St

0/0

0.12

Land

COFF

$1,295,000 Union St

3/2.5 0.05

AERE

3/2.5 0.06

CONG

$1,495,000 Nichols Rd $1,750,000 Mayhew Rd $1,795,000 Longwood Dr

2.75

3/2.5 0.33 4/3.5 0.57 3/2.5 2.75

$1,850,000 Tom Nevers Rd 6/4

3.05

SF SF SF SF

CONG MAUR

$1,875,000 Sandsbury Rd

3/3

1.20

GLDY

$2,895,000 Wanoma Way

4/4

0.22

GTPT

$2,900,000 Wanoma Way

4/3

0.40

COFF

$3,795,000 Lyford Rd

3/3.5 0.24

MAUR

$7,000,000 Wanoma Way

6/7

CONG

3.20

Town

$795,000

Madaket Rd

JORD

$1,295,000 Eagle Ln

$799,000

Gardner Perry Ln 2/1.5 0.13

CSAA

$1,295,000 Main St

3/2

0.14

FRAZ

$825,000

Spruce St

4/2

0.08

MAUR

$1,299,000 Beaver St

3/2

0.00

COFF

$835,000

Union St

2/2

0.14

Condo MAUR

$1,300,000 Milk St

2/2

0.06

KILL

4/2.5 0.06

GTPT

0/0

0.46

Land

$875,000

Main St

3/2

0.11

MAUR

$1,349,000 Quince St

$875,000

Union St

3/1.5 0.16

CVIL

$1,350,000 Eagle Ln

3/2

0.09

COFF

$950,000

Union St

3/2

0.14

Condo MAUR

$1,399,000 New St

4/2.5 0.14

COMP

$975,000

Washington St

2/2.5 0.00

Condo MAUR

$1,399,000 North Liberty St 2/2

0.27

CVIL

4/2.5 0.14

CSAA

$979,000

Prospect St

3/2

0.19

CSAA

$1,399,000 New St

$995,000

Lily St

2/1

0.08

WWRE

$1,400,000 West Chester St 2/2

0.25

WWRE

Union St

4/3

0.12

ISLP

$1,400,000 Dukes Rd

4/4

0.50

COFF

2/2

0.03

AERE

$1,450,000 Angola St

0/0

0.14

Land

MAUR

3/2.5 0.12

MAUR

$299,000

Washington St

0/1

0.00

Condo CVIL

$998,000

$329,000

Washington St

0/1

0.10

Condo CVIL

$1,050,000 Hussey St

$375,000

Cherry St

4/1

0.14

$1,100,000 Spring St

2/2.5 0.06

ISLP

$1,495,000 Washington St

$449,000

Jefferson Ln

1/1

0.00

Condo CONG

$1,150,000 Pine St

2/2

0.07

WWRE

$1,495,000 Vestal St

4/2.5 0.15

GTPT

$449,000

Jefferson Ln

1/1

0.00

Condo CONG

$1,150,000 Francis St

2/2

0.12

CSAA

$1,500,000 Pleasant St

2/2.5 0.06

WWRE

$475,000

Union St

2/2

0.12

Condo ISLP

$1,150,000 Gardners Court 1/1

0.00

Condo MAUR

$1,500,000 Center St

0/0.5 0.00

Com

COFF

$495,000

Orange St

1/1

0.00

Condo CVIL

$1,195,000 Vestal St

0/1

MAUR

$1,500,000 Fair St

4/2

PREF

$525,000

Union St

2/1

0.12

Condo ISLP

$1,199,000 Washington St

3/1.5 0.05

Com

BWRE

$1,595,000 Union St

4/3.5 0.09

CONG

$579,000

West York Ln

6/3

0.12

$1,249,000 Fair St

6/5

0.08

COMP

$1,595,000 West Chester St 4/2.5 0.00

Condo COFF

$585,000

Center St

1/1

0.00

Condo KILL

$1,250,000 Main St

3/2

0.09

COFF

$1,600,000 Pleasant St

Com

$640,000

Orange St

1/1

0.00

Condo CSAA

$1,250,000 New Ln

4/4

0.14

WWRE

KEY TO PROPERTY TYPE

•

Nantucket Property News

CVIL

GTPT

0.13

0.04

0/1.5 0.32

WWRE

Continued on page 19

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

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

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

• March 24, 2011

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

www.killenrealestate.com MONOMOY CREEKS

MONOMOY HARBOR VIEWS

POCOMO WATERFRONT

MADEQUECHAM

EASY STREET

SCONSET

$7,900,000

$5,995,000

$4,400,000

$3,900,000

$3,450,000

$2,995,000

6 bedrooms, 7 baths

8 bedrooms, 6.5 baths

4 bedrooms, 2.5 baths

4 bedrooms, 3 baths

4 Kitchens

4 bedrooms, 4.5 baths

OCEAN AVENUE

UNIQUE BRANT POINT

BRANT POINT

MILK STREET

OFFICE BUILDING

AMELIA DRIVE - UNIT A&B

$2,895,000

$2,195,000

$1,350,000

$1,300,000

$995,000

3 bedrooms, 3 baths

8 bedrooms, 3.5 baths

3 bedrooms, 2 baths

2 bedrooms, 2 baths

0 bedrooms, 3 baths

2 half baths, garage

MAIN STREET

AMELIA DRIVE - UNIT A

AMELIA DRIVE - UNIT B

PARK CIRCLE

BRANT POINT-SOUTH WIND BRANT POINT-NORTH WIND

$950,000

$800,000

$695,000

$575,000

$450,000

$399,000

2 bedrooms, 1 baths

2 bedrooms, 2 baths

half bath, garage

half bath

3 bedrooms, 1.5 baths

L A N D - Mid-Island, RC2 district allowing 50% ground cover. $495,000 ANN KILLEN • DEBORAH KILLEN • ROBERT YOUNG • BRUCE BENI • EUGINE VOORHEES Member of Nantucket Association of Real Estate Brokers. We can show you any property listed on Nantucket

L I N K Properties for Sale on Nantucket Area

Area Bed/ Bath

Price

Street

$1,649,000 $1,675,000 $1,695,000 $1,695,000 $1,785,000 $1,795,000 $1,795,000 $1,795,000 $1,829,500 $1,995,000 $1,995,000 $1,995,000 $2,095,000 $2,185,000 $2,250,000 $2,295,000 $2,300,000 $2,375,000 $2,450,000 $2,495,000 $2,495,000 $2,500,000 $2,575,000 $2,595,000 $2,595,000 $2,675,000 $2,695,000

Union St 3/3 Lily St 5/3 Warren St 3/2 Pine St 4/2.5 Union St 5/4 Main St 5/4.5 Pine St 5/3 Pine St 5/3 West Dover St 4/3 Washington St 2/3.5 New Ln 3/2.5 Candle House Ln 4/3 Meadow Ln 4/3 Fayette St 4/3 Copper Ln 5/4.5 Center St 0/0.5 Main St 0/1 New Ln 5/4 York St 5/6 Commercial Whf1/1 Copper Ln 4/4 Woodbury Ln 5/3.5 Barnabus Ln 4/4 Angola St 4/3.5 Woodbury Ln 4/5.5 West Chester St 5/3 Green Ln 7/6.5

Lot Size

0.09 0.13 0.00 0.12 0.00 0.12 0.12 0.08 0.18 0.11 0.16 0.12 0.67 0.16 0.16 0.00 0.00 0.46 0.18 0.03 0.14 0.11 0.15 0.14 0.20 0.23 0.18

KEY TO PROPERTY TYPE

Type

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

Listing Office

FRAZ MAUR CSAA CHAT MAUR JORD CONG COFF CONG WWRE MAUR CONG GTPT CVIL GTPT FRAZ CONG GTPT MAUR CVIL JORD JLEE MAUR MAUR GTPT MAUR MAUR

Area

Price

Street

Bed/ Bath

Lot Size

$2,750,000 $2,750,000 $2,850,000 $2,850,000 $2,850,000 $2,975,000 $2,975,000 $2,995,000 $3,200,000 $3,250,000 $3,250,000 $3,250,000 $3,275,000 $3,295,000 $3,450,000 $3,795,000 $3,850,000 $3,875,000 $3,900,000 $4,250,000 $4,465,000

Copper Ln 4/4.5 Pleasant St 9/8.5 Copper Ln 7/6 Union St 3/2.5 Washington St 4/2 Lily St 4/3.5 Candle House Ln 4/6 Woodbury Ln 5/4.5 West Chester St 6/7 North Water St 13/11 Woodbury Ln 4/4.5 North Water St 13/11 Milk St 7/6.5 Main St 7/4.5 Easy St 0/5 Madaket Rd 5/6 Orange St 5/4.5 Orange St 5/4.5 Darling St 6/3.5 Straight Wharf 2/3.5 Orange St 5/3.5

0.08 0.13 0.13 0.12 0.29 0.12 0.14 0.23 0.14 0.16 0.24 0.16 0.22 0.15 0.10 0.51 0.15 0.12 0.23 0.07 0.14

SF MF SF SF SF SF SF SF SF SF SF Com SF SF Com SF SF SF SF Com SF

MAUR MAUR GTPT AERE FRAZ MAUR MAUR JORD WWRE GTPT MAUR GTPT WWRE JORD KILL JORD CSAA MAUR JORD WWRE MAUR

0.15

CONG

$6,950,000 Main St

6/8

Type

Listing Office

Wauwinet $1,900,000 Eat Fire Spring 0/0

3.25

Land

MAUR

$1,950,000 Crows Nest Way 3/2

0.51

GTPT

Lot Size

Type

$2,295,000 Wauwinet Rd

5/4.5 1.50

MAUR

$2,300,000 Wauwinet Rd

3/2

3.00

JLEE

$2,475,000 Eat Fire Spring 4/3

Price

Bed/ Bath

Street

Listing Office

2.88

MAUR

$2,850,000 Wauwinet Rd

4/3.5 3.50

COMP

$2,900,000 Wauwinet Rd

3/2

3.28

COFF

$2,995,000 Wauwinet Rd

4/6.5 3.21

CONG

$5,900,000 Eat Fire Spring 8/7.5 2.76

FRAZ

$12,900,000Wauwinet Rd

6/3.5 2.50

MAUR

West of Town $350,000

Cato Ln

0/0

Land

CONG

$599,000

Madaket Rd

3/3.5 0.51

GTPT

$650,000

Cow Pond Ln

7/5

0.34

COFF

$659,000

Surfside Rd

3/2

0.17

FRAZ

$865,000

Meadow Ln

3/1.5 0.30

AERE

$895,000

Polliwog Pond

4/2

0.18

COFF

$925,000

Dukes Rd

4/2

0.20

CONG

0/0

1.99

Land

WWRE

$1,075,000 Pinkham Circle 6/6.5 0.53

JLEE

$1,450,000 Dukes Rd

6/3

1.25

Com

WWRE

$1,990,000 Old Westmoor

0/0

1.64

Land

GTPT

$1,049,000 Madaket Rd

0.12

$2,170,000 Madaket Rd

4/3

0.68

GTPT

$2,495,000 Pilgrim Rd

5/5

0.64

GTPT

$2,900,000 Meadow Ln

6/5

0.57

GTPT

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

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

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

March 24, 2011

•

Nantucket Property News

•

PROPERTIES

TOM NEVERS 15 Longwood Drive Single Family List price: $1,475,000

Bedrooms: 3 Baths: 2 Lot size: 2.75 acres Listing office: J Pepper Frazier Co.

Located in desirable Tom Nevers East.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.

MID ISLAND

Bedrooms: 3 Baths: 3 Lot size: 0.24 acres Listing office: Country Village Real Estate

71 Hooper Farm Road Single Family List price: $599,000

Three bedroom home with attached apartment. Excellent value. New roof and siding. Short distance to mid-island shops and to Surfside Beach.

5 Great Values TODAY!

TOWN 8 Cliff Road, Unit C Condo List price: $759,000

Bedrooms: 2 Baths: 2 Listing office: Jordan Real Estate

SURFSIDE

Bedrooms: 4 Baths: 4 Lot size: 0.18 acres Listing office: Great Point Properties

8 Maclean Lane Single Family

This charming second floor condominium in the historic Captain McKay house features a large living/dining kitchen area with many windows and a door onto a small balcony. Located at the beginning of Cliff Road, it is convenient to Town, and Jetties & Steps beaches

List price: $799,000

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.

MID ISLAND 20 Meadow View Drive Single Family List price: $1,285,000

Bedrooms: 4 Baths: 4.5 Lot size: 0.46 acres Listing office: Coffin & Sconset Real Estate

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 space and relaxing space.

March 24, 2011

â&#x20AC;˘

Nantucket Property News

â&#x20AC;˘

PROPERTIES 28 Gardner Road

Real Estate Transactions

34b Walsh Street

MARCH 7 - 19 11 North Road

Stephen Alfleri, Trustee of Treerock Realty trust of New York, NY purchased a dwelling at 28 Gardner Road from Eugene Lefevre, Trustee of High Ridge Trust of Philadelphia, PA for $2,575,000. Paul Jensen, Trustee of 11 North Road Realty Trust of New York, NY purchased a vacant lot at 11 North Road from Eugene Lefevre, Trustee of High Ridge Trust of Philadelphia, PA for $3,000,000.

The Thirteen Old South Road Corp. of Nantucket purchased a dwelling at 13 Old South Road from Richard Rowe, Executor of the Estate of James Manning of Yarmouthport, MA for $1,433,000.

David Solan, Trustee of 34B Walsh Street Nominee Trust of Medfield, MA purchased a dwelling at 34B Walsh Street from Robert and Maureen Dobies of Rochester, NY for $1,700,000.

Continued on Next Page

Get the

2010

Nantucket Property Yearbook Comprehensive list — with photos — of all properties sold in 2010 To obtain your copy of the 2010 Nantucket Property Yearbook, send name, address and $5.00 to: NAREB Publications Property Yearbook P.O. Box 335 Nantucket, MA 02554 For a free emailed version, send an email request to: editor@nareb-online.com

AVAILABLE NOW! 22

•

Nantucket Property News

•

March 24, 2011

Descriptive profiles and a full-color map of every neighborhood on the island

A publication of the Nantucket Association of Real Estate Brokers (NAREB)

MID-ISLAND CONDO

This right hand side four bedroom condo with 1,382 sf of living space is perfect for first time home buyers. There are 2 parking spaces, plenty of yard and is conveniently located to schools, bike path and Town. Listing Agent is related to Seller. Exclusive. $325,000. Call Barbara Clarke, Coffin Real Estate, 508-280-2398. EXCELLENT COMMERCIAL LOCATION

INCREDIBLE VALUE

NANTUCKET PROPERTY

This 7 bedroom, 5 bathroom duplex duplex conveniently located to schools, bike path and Town. Great employee housing or as an investment property or ideal for a family to live in one side and rent or sell the other. Listing Agent is related to Seller. Exclusive. $650,000. Call Barbara Clarke, Coffin Real Estate, 508-280-2398.

mercial investments? Now is LOOKING FOR the time. Contact: Pat Carr PROPERTY? Calabrese 917-655-4642; patcc@compassroserealestate.com IN-TOWN GEM

Sales& RENTALS To advertise, contact Don Costanzo Email: editor@nareb-online.com Phone: 508-221-3268

36 Fair St, circa 1850, 6 bedroom, 5 baths, now operating as The Woodbox Inn, flexible floor plan for easy conversion into private residence. Exclusive. $1,249,000 Call or email Pat Carr Calabrese, Compass Rose Real Estate, 917-655-4642, patcc@compassroserealestate.com

MID ISLAND

Vacation rentals, second home, investment property — you need a matchmaker. Someone who will help you identify and show you properties that meet your needs. I am that person. I can show you any property for sale on Nantucket. Just contact: Marion Roland Conley, Country Village Real Estate, 917-513-8199, marion@countryvillagere.com BUY CONVENIENCE

STORYBOOK CHARM

Large commercial/residential building with basement storage. Excellent visibility and fully handicapped accessible. Two apartments for additional income. Listing Agent is related to Seller. Exclusive. $1,100,000. Call Barbara Clarke, Coffin Real Estate, 508-280-2398. NAUSHOP

NEW PRICE! 17 Pine Street Comfortable inTown house with off-street parking, patio. $1,895,000. Jack Bulger, Coffin Real Estate 508-221-0829.

3 bedrooms, 3.5 baths. $739,000. Jordan Real Estate, www.jordanre.com, 508-228SALES & RENTALS 4449. ON NANTUCKET ISLAND NEW TO THE MARKET! 4 Wamasquid Place. Expansive interiors on nearly 2 acres in wooded neighborhood. $1,395,000. Jack Bulger, Coffin Real Estate 508-2210829. CONVENIENT TO TOWN; easy access to Madaket bike path. 160 Main Street. $1,250,000. Jack Bulger, Coffin Real Estate 508-2210829.

3 bedrooms, 2.5 baths. $799,000. Jordan Real Estate, www.jordanre.com, 508-228-4449.

Continued from Previous Page

Vicker DiGravio, III and Karen DiGravio of Braintree, MA purchased a dwelling at 8 Jefferson Lane from Candice Miller and Edward Bernard for $1,400,000. Carl and Sharon Nielsen of Pequannock, NJ purchased a dwelling at 26 Nonantum Avenue from EFR, LLC of Siasconset for $1,120,000.

CANDLEWICKE CORNER Large bright newly constructed commercial/residential building with 3 separate commercial units in Nantucket's newest commercial development. A

two-bedroom and a three bedroom apartment located on the second and third floors. Listing Agent is related to Seller. Exclusive. $1,100,000. Call Barbara Clarke, Coffin Real Estate, 508-280-2398. YOURS FROM NANTUCKET

Thinking of old Nantucket, look no more. Picture a white picket fence leading up to a storybook house. The feel of warmth and comfort, surround you as you walk through this quaint old island home. Details and special touches throughout. Exclusive. $1,199,000. Call Betsy Holden, 508-325“If you don’t own a home buy 2640, or Paul Surprenant, one. If you own one home, Coffin Real Estate, 508-332buy another one….” John 9537 Paulson. In uncertain times, opportunities arise. Interested in buying or selling? Summer rentals? Residential or com-

Richard and Margaret Feodoroff of Raynham, MA purchased a dwelling at 16 Swift Rock Road from Ronald Bamber of Nantucket for $865,000. Patrick McGloin and Geraldine Walker of Nantucket purchased a dwelling at 5 Rachel Drive from Jon Lucus and John Mederios of Narragansett, RI for $625,000. James and Jane Fitzgerald of Kensington, MD purchased a dwelling at 62 Orange Street from

15 Year

Average Nantucket area mortgage rates, week of March 21, 2011

3.98%

Change from previous week

Edward and Barabra Masoro of San Antonio, TX for $575,000. Leslie Shubin of Alameda, CA purchased a dwelling at 55 Goldfinch Lane from Wayne Homes, Commissioner of Nantucket for $340,000. Nicole and Delia Dumitru of Nantucket purchased a dwelling at 46B Macy’s Lane from Sovereign Bank of Wyomissing, PA for $300,000.

Adjustables

Compiled by Peter Sutters

Rate Trend Index

Fixed Rates

At the end of a cul de sac, this duplex offers an excellent opportunity for employee housing or for a family to live in one side and rent or sell the other. Convenient to schools and Surfside Beach. Listing Agent is related to Seller. Exclusive. $700,000. Call Barbara Clarke, Coffin Real Estate, 508-2802398.

RATES&

Down .17%

TRENDS

1 year

3.27%

Down .08%

14%

30 Year

5 Year

4.76%

3.59%

Down .12%

Will rates rise, fall or remain relatively unchanged? Here’s how experts surveyed by Bankrate.com think rates will move in the next 30 days

Unchanged

33%

Down .14%

Down

53%

WE’RE #1 FOR REAL ESTATE ON NANTUCKET Nantucket Property News

•

www.nareb-online.com • Nantucket Property Journal

March 24, 2011

•

Nantucket Property News

•

ABSOLUTELY ENCHANTING!

SURFSIDE KNOCKOUT

$2,995,000 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

$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! Listing Broker: Cynthia Lenhart

A MUST SEE!

Seller is a MA licensed real estate agent

WAUWINET with BEACH & 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

HISTORIC DISTRICT, MODERN HOME

Broker is related to seller

FAIR STREET INN

HOME SWEET HOME

$1,249,000 This spacious 6 BDRM, 5 BA c.1850 gem is currently operating as the “Wood Box” but could be easily returned to a private residence. Loads of character, fabulous location!

$599,000 Adorable Cape style 3 BDRM/ 2BA home in Abrem Quary neighborhood. Full basement, maple floors, granite counters, stainless appliances, fresh and attractive inside & out!

SIMPLY CHARMING

$1,399,000 Attractive, custom quality built 4 BDRM, 2.5 BA home. Comfortable spacious rooms, lovely hedged yard, central air & full basement.

$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: Constance Sturgis

Listing Broker : Cynthia Lenhart

Summer’s Coming! Harborfront

Now is the time to reserve your Nantucket vacation.

Edge of Town

We offer hundreds of vacation rental properties in all areas. Choose an upscale antique home in our historic town, a contemporary Cisco Beach house with a pool or a rose covered Siasconset cottage. Call, or check our web site to view listings. www.compassroserealestate.com Wauwinet

Prime season weeks book early in the most popular homes.

Town

508-325-5500

Madaket

Cisco Beach

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