NAREB News November 4, 2010 by NAREB

NANTUCKET

PROPERTY NEWS Vol. 2 No. 13

A publication of the Nantucket Association of Real Estate Brokers

November 4, 2010

Closings, contracts are healthy signs for market By Mary Lancaster Property News Writer

flurry of closings ended the last half of October with 23 home sales finalized at a value of approximately $40 million. This, combined with the fact that there are 60 properties now under contract between $250,000 to $1.5 million, is an indication that the real estate market slump is easing. “I think this is a sign that we are on the road to

recovery,” said Congdon and Coleman realtor Linda Bellevue. “I think it will be a slow recovery, but I think we are headed in the right direction. “It’s better than last year, and people are continuing to come out and look,” she added. “Our weekends are busy. I think people are figuring out it is the right time to buy. I feel really good going into the winter with all these sales.” Penny Dey, realtor and co-owner of Atlantic East, said there were 14 closings in the first two weeks of

October. The recent 23 top the 16 closings in the last two weeks of October 2009. Her data shows that of the latest transactions, eight sales were for more than $2 million; six were in the $1 million to $2 million range; and nine properties went for less than $1 million. “This is tracking sales that went under contract at the end of the summer. The sales in November and December will reflect those properties that went Continued on page 12

Our Property

LNantucket I N K Top New Listings October 19 ~ November 2 $3,500,000 Town Centre Street 12/12.5 Jordan Real Estate

$2,495,000 Town Fair Street 5/3.5 Jordan Real Estate

$1,399,000 Miacomet Windy Way 1/1.5 Maury People/ Sotheby’s ROB BENCHLEY

$1,299,000 Town Beaver Street 3/2 Coffin & Sconset Real Estate

INSIDE

$1,150,000 Town Francis Street 3/2 Cooper Shepherd Associates

PHOTO

Nantucket conservation leaders got together for this photo at Nantucket Conservation property at 118 Cliff Road. Standing, from left, are: Andrew Vorce, director of planning of the Nantucket Planning and Economic Development Commission; Dr. Sarah Oktay, managing director of the UMass Boston Nantucket Field Station, also known as the Grace Grossman Environmental Center; Jim Lentowski, executive director of the Nantucket Conservation Foundation; Eric Savetsky, executive director of the Nantucket Islands Land Bank. In front, from left, are: Ernie Steinauer, sanctuary director of Mass Audubon; Bob Felch, executive director of the Sconset Trust; Cormac Collier, executive director of the Nantucket Land Council.

WHAT’S ON THE MARKET?

ENERGY ALTERNATIVES

5 GREAT VALUES, TODAY

The exclusive, most comprehensive list of properties for sale on Nantucket.

Our second in a series on wind and solar power on Nantucket explores costs associated with installation.

From West of Town to Fishers Landing, it doesn’t get much better than this.

Page 4

Page 13

Page 21

Gary Winn

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

Brian Sullivan

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FEATURES

PROPERTY NEWS

4 Get Real

With Andrew Spencer

4 LINK Nantucket The most comprehensive list of properties for sale on Nantucket

12 News Report 14 Mortgage Rates & Trends

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

21 5 Great Values 23 Real Estate Transactions 23 5 Minutes With Melinda Vallett

ADVERTISER INDEX

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

2 Maury People/Sotheby’s

10 Atlantic East Real Estate

5 Craig Hawkins

15 Coffin Real Estate

6 Great Point Properties

19 Boyce Realty

8 J Pepper Frazier Co.

24 Nantucket Real Estate

9 Compass Rose Real Estate

For advertising and editorial inquiries, contact: Editor Don Costanzo at editor@nareb-online.com

C O N T E N T S

NANTUCKET

www.nareb-online.com

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

Bamber Real Estate 508-228-1416 159 Orange Street Nantucket, MA 02554 bamberre@nantucket.net www.bamberrealestate.com

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

Blue Water Real Estate 617-899-1401 21 Broad Street Nantucket, MA 02554 nesbittinn@comcast.net

Boyce Realty 508-257-6962 PO Box 453 Siasconset, MA 02564 dboyce@nantucket.net www.boycerealtynantucket.com

Chatfield-Taylor Real Estate 508-228-5828 91 Washington Street Ext. PO Box 1881 Nantucket, MA 02554 moncurect@chatfield-taylor.com www.chatfield-taylor.com

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

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

‘Sconset Real Estate

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

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

Tea Rose Realty

Lee Real Estate

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

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

Vaughan Machado

Maury People Sotheby’s International Realty

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

Welch & Associates Inc. RG

Nantucket Real Estate

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

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

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

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

Windwalker Real Estate

Preferred Properties 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

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. November 4, 2010

•

Nantucket Property News

•

with Andrew Spencer

GET REAL

LNantucket I N K Area Price

Street

Bed/ Bath

Lot Size

Type

Listing Office

Brant Point

Mail Call

received a recent email — or, more exactly, Don received a recent email — from one of my devoted readers. And while I get so much fan mail that it’s impossible for me to respond to all of it directly, I do like to occasionally use those communications for inspiration. Such is the case here. The fan in question was referencing a recent column in which I referred to the local experts in the mortgage industry. It was — and continues to be — my opinion that the folks we have on Nantucket who are here to help would-be homebuyers through the mortgage process are some of the best in the business, bar none. This particular reader, however, suggested that my opinion was “a moot point, given a recent article she’d read in some other rag that goes by the name of the New York Times. Yeah. Like that’s a reliable source. Anyway, she sent the link to said article online, and I went ahead and read it. Long story short, the article was about short sales in real estate, and the fact that lenders weren’t jumping at the chance to make loans to people seeking to buy homes in such situations. Basically a short sale occurs when a home has lost significant value, and the owner is facing foreclosure. In a short sale, the owner is able to sell the house to a buyer for less than the outstanding loan and avoid foreclosure. In other words, if you owe a hundred dollars but somebody comes along and buys it for fifty and you get to call it even with the bank, that’s a short sale. The article talked at great length about the evil world of big banks (Bank of America was called out repeatedly for criticism) and how they were unwilling to make the process easy for those facing foreclosure. While the article was focused on homeowners in Arizona, the suggestion was that these same issues were prevalent nationally. I’m not so much of a wide-eyed optimist that I can somehow deny the fact that foreclosures are far-too prevalent on Nantucket. It’s difficult to find somebody on the island who doesn’t know of someone who has gone through the nightmare of foreclosure; too many people have experienced it first-hand, to be sure. So I am not going to deny that foreclosure is a problem here, nor am I going to try to defend any major corporation. Bank of America and their ilk have their own policies that they institute for a variety of reasons that I don’t pretend to understand. So I’m not going to attempt that defense. What I would like to suggest, however, is that our local industry experts are as helpful and knowledgeable as you’re going to find anywhere in the country. And what’s more, they’re a part of this community, and that’s a point that bears repeating. The thing about being a part of this community is that we look out for each other as much as we can, and we help each other whenever we’re able. Let me tell you a story about a home buying couple. They live somewhere in Middle America, and they found their dream starter home. They’ve been saving and scrimping and they’ve finally put together the 20% down payment on it. It’s not going to be easy, but they’re going to figure out a way to make those monthly payments. Their real estate agent steers them towards a mortgage broker he knows, and the couple shows up to meet with this broker with all of the requisite paperwork. They have no business qualifying for the mortgage, but this guy doesn’t really care. He needs to get his own numbers up to make quota for the month, and his company is going to sell the mortgage to a big New York investment bank next month anyway. So if — actually “when” would be a better way of saying it — they default on the loan, it won’t be his problem. So he fudges some numbers here and there and makes it work. They leave with their loan, he makes his quota, everybody wins, right? Wrong. The new homeowners are now in a position that they can’t sustain. They can make it for a few months, maybe even a few years. But, the inevitable day will come when they can’t afford the house anymore and they’ll lose it. That scenario doesn’t happen here. We don’t have fast-talkers who sell us mortgages that we can’t afford or that have some ridiculously high interest rate that kicks in after a couple of years. If you get denied for a loan by one of our local lenders, it’s because they’re looking out for you, not because they don’t like you and they’re trying to make your life difficult. Of course, foreclosures are still happening. But it’s not because of some malicious intent on the part of our lenders Rather, it’s a by-product of a financial perfect storm that nobody saw coming. If you’re in the unfortunate position of being behind on your mortgage and your lender is local, go talk to them. They’re not the evil monsters of corporate America that we all fear in our nightmares. They’re part of our community and they’re people like us. And like I said before: Keep asking questions until you understand what you’re being told. They’re here to help, so let them. 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

$559,000 $800,000 $925,000 $925,000 $925,000 $950,000 $1,350,000 $1,395,000 $1,495,000 $1,495,000 $1,550,000 $1,675,000 $2,195,000 $2,195,000 $2,295,000 $2,365,000 $2,400,000 $2,650,000 $2,695,000 $2,750,000 $2,995,000 $3,100,000 $3,295,000 $3,295,000 $3,699,000 $3,975,000 $4,995,000

Cornish St Easton St Willard St Willard St Willard St Easton St Cornish St East Lincoln Ave Stone Barn Way Walsh St Dolphin Court Sylvia Ln Cornish St North Ave North Beach St Stone Barn Way North Beach St Walsh St East Lincoln Ave Dolphin Court Dolphin Court East Lincoln Ave Walsh St Walsh St Brant Point Road Easton St Brant Point Road

1/1 2/1 2/1 2/1 2/1 2/1 3/2 3/2 2/2.5 0/0 0/0 3/2 5/3.5 8/3.5 4/4.5 2/2.5 4/2 4/4.5 4/3 4/4.5 5/5.5 3/2.5 4/3.5 4/3.5 4/3.5 4/3.5 5/4.5

0.03 0.12 0.00 0.00 0.08 0.18 0.10 0.12 0.00 0.14 0.14 0.23 0.12 0.94 0.21 0.14 0.18 0.11 0.10 0.15 0.13 0.12 0.12 0.12 0.65 0.13 0.63

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

ISLP KILL JORD COFF FRAZ KILL KILL KILL WWRE AERE FRAZ FRAZ JLEE KILL CSAA CSAA MAUR KILL WWRE FRAZ FRAZ FRAZ GTPT ISLP WWRE MAUR MAUR

Somerset Road 0/0 Hummock Pond 0/0 Austin Farm Drive 6/4 Aurora Way 4/3.5 Nanahumacke Ln 4/3.5 New Hummock 4/3.5 Moby Way 4/2 Nanahumacke Ln 4/3.5 Osprey Way 4/2 Austine Locke 4/3.5 Osprey Way 3/3.5 Caroline Way 4/3.5 Falmouth Ave 5/4.5 Marion Ave 3/3.5

0.25 1.88 0.93 0.00 0.29 0.92 0.50 0.29 0.93 0.67 0.42 0.55 0.24 1.62

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

MAUR FRAZ MAUR FRAZ JORD JORD CSAA JORD MAUR CONG MAUR MAUR MAUR MAUR

Cliff Road Cliff Road Delny Road Delny Road Pilgrim Road Derrymore Road Pilgrim Road Derrymore Road Cliff Road Mooers Ave Old Westmoor Pilgrim Road Cliff Road Hamblin Road Cliff Road Sherburne Tnpk Sherburne Tnpk Capaum Pond Rd Cliff Road Cliff Road North Star Ln West Chester St Deacons Way Cliff Road Cliff Road Cliff Road Lincoln Circle Hallowell Ln Capaum Pond Rd Kimball Ave Lincoln Ave Kimball Ave Sherburne Way Lincoln Ave

2/2 2/2 0/0 3/3 0/0 5/3 0/0 3/3 0/0 4/3.5 0/0 4/4 7/4 5/3.5 4/3 4/3.5 4/3.5 3/2 3/4.5 5/4.5 5/4.5 4/4.5 5/5 5/4.5 4/5.5 4/5.5 7/3 4/3.5 5/7 5/3 5/4.5 7/7.5 5/4.5 7/10.5

0.00 0.00 0.14 0.22 0.49 0.20 0.61 0.15 1.84 0.12 1.64 0.50 0.67 0.27 0.46 0.13 0.13 0.19 0.92 0.29 0.25 0.72 2.00 0.14 0.18 0.18 0.38 0.58 1.15 2.13 0.53 2.26 1.66 0.79

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

JORD CSAA MAUR ISLP JORD CVIL JORD COFF ISLP JORD GTPT COFF FRAZ CONG MAUR COFF NREC WWRE FRAZ MAUR MAUR WWRE MAUR MAUR JORD KILL GTPT WWRE WWRE ISLP GTPT GTPT MAUR MAUR

Swift Rock Road Swift Rock Road Bishops Rise Bishops Rise Bishops Rise

3/1.5 2/2.5 0/0 0/0 0/0

1.00 1.00 1.88 1.88 1.90

SF SF Land Land Land

BAMB BAMB MAUR MAUR MAUR

Cisco $519,000 $1,300,000 $1,595,000 $1,625,000 $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 $4,850,000

Cliff $759,900 $759,900 $910,000 $975,000 $1,150,000 $1,325,000 $1,595,000 $1,595,000 $1,650,000 $1,950,000 $1,990,000 $1,999,000 $2,250,000 $2,350,000 $2,475,000 $2,495,000 $2,495,000 $2,849,000 $3,295,000 $3,395,000 $3,800,000 $3,995,000 $4,350,000 $5,275,000 $5,900,000 $5,900,000 $6,750,000 $6,900,000 $6,995,000 $8,950,000 $12,900,000 $17,500,000 $23,700,000 $23,750,000

Dionis $849,000 $995,000 $1,350,000 $1,350,000 $1,600,000

Continued on page 15

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Nantucket Property News

•

November 4, 2010

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

W NE

ING LIST

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

$2,675,000

TOWN

R DE ACT N R U T N CO

QUIDNET

Phone: 508-228-1881 ext. 119

R DE ACT N R U T N CO

TOWN

craig@maurypeople.com

QUAISE

CLIFF

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

Unbelievable in-town restoration on a very quiet street. Absolutely no expense spared. Large, wonderfully landscaped yard.

This secluded, quintessential beach property offers harbor views and deeded beach and mooring access just across the lane.

Rare opportunity to acquire a premier private waterfront estate of unparalleled quality. Extraordinary craftsmanship.

$1,875,000

$4,550,000

$2,625,000

$23,950,000

CLIFF

TOWN

SHAWKEMO

TOWN

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.

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

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

$4,465,000

$5,275,000

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

$975,000

$10,800,000

$3,875,000

MIACOMET

TOWN

WAUWINET

TOWN

SURFSIDE

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

Completely restored antique on one of the more sought after streets in the Historic District. All 4 bedrooms have en-suite baths.

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

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

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

$1,995,000

$3,475,000

$12,900,000

$2,975,000

$1,475,000

TOWN

POCOMO

TOWN

MADAKET

TOWN

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

Fabulous compound on three acres with main house, guest house, separate two car garage with studio apartment above, pool.

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

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

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

$2,975,000

$4,750,000

$1,675,000

$1,175,000

$1,995,000

MADEQUECHAM

BRANT POINT

WAUWINET

TOWN

MID ISLAND

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

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

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

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

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

$4,900,000

$3,975,000

$2,295,000

$1,785,000

$895,000

TOWN

SCONSET

MID ISLAND

TOM NEVERS

TOWN

Large,totally restored barn, three finished floors. 5 BR/5.5 baths,playroom.

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

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

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

Authentic, tastefully restored and decorated Main Street home. Corner lot, guest cottage.

$2,450,000

$795,000

$599,500

$1,495,000

$3,350,000

POLPIS

SHAWKEMO

MADEQUECHAM

TOWN

CISCO

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

An inviting five bedroom, five and a half bath main house with panoramic views of Nantucket Harbor and Coatue.

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

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

$5,900,000

$2,695,000

$3,250,000

$3,475,000

®,™ 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.

508 228 2266

Dionis Compound

Spacious and Custom Home in Naushop

Expansive Views in Tetawkimmo

Two Dionis houses, two beautiful acres of land close to the beach. A total of 8 bedrooms and 7.5 bathrooms with multiple indoor and outdoor living spaces. A brand new swimming pool being installed to complete this compound. Thoughtful layout of the property with nice privacy between the houses. Proven rental history, $153,000 for 2010. Views of Nantucket Sound from the roofwalk.

Freshly painted custom designed Naushop home. Great floor plan with ample space for family activities. There are four finished floors. The lower level is an ideal space for children to play and there is a full bath. The spacious backyard is well suited for BBQs and leisure time. The access to the heated pool and tennis courts make this a perfect summer retreat or year round home.

This property features an immaculate four bedroom home with attached garage in the Tetawkimmo neighborhood which abuts acres of conservation land. The home has a finished lower level with a home gym and living/office area. The property has ample room for expansion or studio cottage. With the potential to sell 9 Tetawkimmo as a separate buildable lot.

$2,850,000

$1,195,000

$1,995,000

Polpis Overlooking Cranberry Bogs 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

High Ridge This high point in Shimmo offers commanding views of the harbor, Coatue and Nantucket Sound. The sprawling five bedroom, three bath main house combined with a newer three bedroom, two and a half bath guest house create an ideal summer retreat and the three plus acre site provides privacy and room for a pool and tennis.

$7,500,000

You have to see this house! Custom designed, four bedroom, three and a half bath PKG Design Build and Botticelli and Pohl home, was recently completed and awaits a family who are looking for a fabulous new home located moments from town and a short distance to Steps Beach and The Westmoor Club. $2,600,000

Compelling Value in Surfside Excellent value! This spacious, custom-built, four bedroom home is located in a great, family friendly neighborhood. The tasteful finishes and added amenities including air conditioning, a wet bar and an irrigation system make this property a must-see!

$695,000

On the Cliff Overlooking the Sound

Exceptional Detail & Style

Attractive Cape with Options

One of a kind offering! Seven bedroom, seven bath home set dramatically up on the Cliff with over two acres of Sound front property and private stairs to a pristine beach. Expansive decks provide stunning 180 degree views of Nantucket Sound. Potential for subdivision or substantial expansion.

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.

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

$17,500,000

New In-Town with an abundance of quality and sophistication

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$645,000

Edward Sanford

Bill Liddle

Greg McKechnie

Debbie Deeley Culbertson Julie Gasco Tracy Cullinane Amy Mart

Liz Finlay Dawn Holdgate Nina Liddle Sam Parsons

Laura Fletcher Wayne Howington Carl Lindvall Stuart Reid

Nantucket Property News

•

November 4, 2010

Cam Gammill Barbara Joyce Nichole Marks Amanda Tosch

$1,150,000

www.greatpointproperties.com Phil Witte

508 228 2266

Spacious Brant Point Home

Historic in Town

This gem has so much to offer in way of location, potential rental income or to be enjoyed as your family home for summers to come. The interior offers an ideal set up for families with an open and airy flow throughout the first floor and four well appointed bedrooms on the second floor. The outside offers attractive planting beds which grace the wrap-around porch and patio area.

In The Heart of 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.

Stylish two bedroom condominium offered mostly furnished located in the heart of town. Price adjusted well below last year’s appraisal and competitive seller financing available to qualified buyers. Motivated seller.

$1,450,000

$3,295,000

$659,000

Exceptional Polpis Estate This house is tucked into the tall natural grasses with approximately 15,000 square feet of living space. A mix of styles of covered porches and gabled dormers share a post and beam refined barn like interior. Includes a berry patch garden, pool and spa area, children’s play area, an apple orchard, a tennis court, a duck pond, a trickling stream, a barn, a labyrinth, vegetable garden, and rose garden.

$11,750,000

Private Lot in Miacomet

Landscaped Oasis Moments from Town

Impeccable off Surfside Road

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.

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.

$479,000

$2,465,000

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.

$799,000

Blueberry Hill

Surfside Retreat

Ocean Access Moments Away

The custom-built home, sits on seven magnificent acres and is a nature lover's paradise. The grounds include excellent outdoor living and entertaining areas including a fire-pit, rolling topography, herb gardens and winding paths amongst the Tupelo Forest. A terrific and rare offering. Plenty of room for a guest house, pool and barn with a nine bedroom septic in place.

Private one acre property nestled in the pines of Surfside offers a main house and cottage. Both have lovely yards with mature landscaping, creating a nice division of space and privacy from one another. Both houses offer a solid rental history or would make for a very comfortable year round residence. Being offered fully furnished.

Private three bedroom Wauwinet area home with a large, lovely yard and gardens with separate yard areas. Additional ground cover remaining. Deeded beach access.

$1,550,000

$1,950,000

$6,900,000

Edward Sanford

Bill Liddle

Greg McKechnie

Debbie Deeley Culbertson Julie Gasco Tracy Cullinane Amy Mart

Liz Finlay Dawn Holdgate Nina Liddle Sam Parsons

Laura Fletcher Wayne Howington Carl Lindvall Stuart Reid

Cam Gammill Barbara Joyce Nichole Marks Amanda Tosch

www.greatpointproperties.com Phil Witte

November 4, 2010

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Nantucket Property News

•

19 Centre Street Nantucket, MA 02554

508.228.3202 www.jpfco.com

Madaket Beach House $1,995,000 Madaket Beach House with wonderful water views and 3/4 of an acre of land. Located only 1/5 of a mile from a stunning beach. Four bedroom upside house, updated in 2007. Mature plantings, large yard, and quiet neighborhood. Expansion possibilities.

~ We can show you any property for sale on Nantucket ~ 19 Centre Street Nantucket, MA 02554

508.228.3202 www.jpfco.com

Surfside Compound $1,595,000 Mini compound only 1.25 miles to Surfside Beach featuring a house, cottage and large storage shed. The property features 9 total bedrooms, 5.5 baths, great outdoor living areas and much more. The main house has consistently rented over the last three years for an extended season, netting the owner over $65K. This number could be increased if the cottage was rented, as well. Very well maintained property with mature landscaping. Many possibilities.

~ We can show you any property for sale on Nantucket ~

ABSOLUTELY ENCHANTING!

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

NEW LISTING!

GREAT DEAL

Broker is related to seller

NEW LISTING!

FAIR STREET

PINE TREE PRIVACY

FISHERâ&#x20AC;&#x2122;S LANDING

FABULOUS TWO FAMILY

$1,395,000 This Fair Street inn is flexible as it could easily be transformed into a private residence. A spacious 6 BDRM, 5 BA c.1850 gem with loads of charactor and charm!

$665,000 Behind the privet & pines this 3 BDRM/ 2 BA single story home is a hidden treasure. Cozy living room w/wood stove & built-in bookshelves. Large yard, oil heat, basement workshop.

$775,000 3 BDRM, 2.5 BA Impeccable Cape style home has large expansive yard and garage with studio above. Access to: Madaket harbor, trails to Dionis beach, tennis & boat storage.

$925,000 New 2 family home. Central air, granite counters, stainless appliances, full basements, 2 car garage & many special touches. Live in one side & rent or sell the other.

Listing Agent: Pat Carr Calabrese

Listing Agent: Jim Cahill

Listing Broker: Constance Sturgis

UPSCALE IN TOWN $1,399,000 Attractive 4 bedroom, 2.5 bath home custom built by craftsman. Comfortable modern spaces, lovely hedged yard & central air. Successful rental history, offered mostly furnished.

Broker/Owner: Pam Sosebee Broker is related to seller

TOM NEVERS EAST $1,350,000 On 2.5 acres this custom 3 BDRM, 3 BA house & stylish 2 BDRM, 1.5 BA cottage offers a peaceful sanctuary.

REDUCED!

Broker/Owner: Constance Sturgis

REDUCED!

Broker/Owner: Constance Sturgis Owner is a MA licensed real estate agent

CISCO SWEETHEART

COMMERCIAL COMPLEX

$860,000 Wonderful sprawling 4 BDRM, 2.5 BA single story home with separate in-law suite, plus post & beam garage.

$2,400,000 3 fully rented 1st floor commercial units & deluxe 2nd floor apartment with 3 master suites, over 3,000+ sqft. of elegant living, plus 3,000 sqft. Basement! Sprinkler system, central air & parking for 19.

Broker/Owner: Pam Sosebee Owner is a MA licensed real estate Broker

GOOD BUY

Listing Broker: Cynthia Lenhart

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

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

Impeccable Sconset Property...

Charming In Town Property

High Quality in Tom Nevers

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

Consists of two, one bedroom, one bath apartments with a small side yard. Conveniently located on a lovely side street in town.

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

$1,500,000 Listing Broker: Mary Malavase,ABR, RSPS,TRC

$1,050,000 Listing Broker: Lisa Sherburne, ABR, RSPS

$890,000 Listing Broker: Melinda Vallett

3 Bedrooms & 2 Baths $369,000! Comfy and Snug

Casual Comfort…

Spacious & bright 16’ wide townhouse with open kitchen, living & dining area, 2 decks, new septic, new Anderson windows, vanities & freshly painted. One of the nicest abodes in this price range.

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

$369,000 Listing Broker: Heidi Drew, ABR, RSPS

$549,000 Listing Broker: Mary Malavase,ABR, RSPS,TRC

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

Pristine in Nashaquisset

Everything You Ask For

Cozy Sconset Cape…

Located in the award winning, turn key community of Nashaquisset is this two bedroom, three bathroom home with a separate den and a professionally landscaped yard.Outstanding rental history plus prime location with pool, tennis, year round caretaking and maintenance all at your door step. Offered fully furnished. $725,000 Listing Broker: Melinda Vallett

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.

close to the village on a peaceful side street. 4 bedrooms, 2 baths & a spacious yard. Includes HDC approved plans for expansion & rental history.

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

www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio 10 • Nantucket Property News • November 4, 2010

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

Blocks to Main Street

Sunny and Spacious

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.

Built in 2006, this in-town home offers five bedrooms, the latest amenities and a lovely landscaped yard. Listing agent is owner of property.

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

$2,795,000 Listing Agent: Peter DuPont

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. $2,990,000 Listing Broker: Melinda Vallett

Quidnet Near the Sea

Charming and Bright...

Brant Point Vacant Land

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.

Just 550 feet to the beach or a block to Jetties Beach. Potential 2nd floor views of the Harbor. 6216 sf with town water and sewer available.

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

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

House and Cottage

Secluded Surfside Setting …

Points of View

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.

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.

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

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

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

$1,495,000 Listing Broker: Heidi Drew, ABR, RSPS

www.AtlanticEastRE.com Visit our Web site to view all the island listings and our extensive rental portfolio November 4, 2010 • Nantucket Property News •

NEWS REPORT Local agencies guide homeowners through insurance maze When possible, Kilvert, Congdon’s and the Albert G. Brock Company steer clients to the By Mary Lancaster Massachusetts Property Insurance Underwriting Property News Writer Association (MPIUA), commonly known as the FAIR Plan. The FAIR Plan, Fair Access to hile island home prices have dropped over Insurance Requirements, is a state-run pool that the last three years, Nantucket’s homeowners covers excessive risk coastal properties that stannow face steep costs and complexities when buying dard insurers shun. All companies in the state writinsurance. ing basic property insurance policies must particiMajor changes in how insurers approach cover- pate in the plan in order to make insurance available age for coastal areas began in 1992 with the devas- at reasonable rates to applicants unable to obtain tation wreaked by Hurricane Andrew on communi- coverage from the voluntary insurance market. ties along Florida’s southeast coast. The $20 billion Losses are shared by member companies based on in property damage inflicted by Andrew stunned premium volume. insurance carriers. The FAIR Plan, however, only insures up to $1 During a period after Andrew, when insurance million, regardless of a property’s assessed value, companies reassessed coastal exposure risks, a and provides just $800,000 in replacement expens1995 study indicated that the intensity and frequen- es. Congdon’s and Brock’s also recommend carriers cy of the hurricane cycle would increase over the such as Chubb, Firemen’s Fund and Chartis, leadnext two to four decades. In 2005, Hurricane ing companies in the U.S. that may write policies Katrina blasted the Gulf Coast in a storm calculat- for Nantucket residents owning less risky property ed to have produced greater damage and property elsewhere. Jim Congdon said Lloyd’s of London is loss than any previous hurricane. one company that has seen the opportunity to insure Prior to 2005, insurers maintained enough capi- properties in risk areas on the East Coast that are tal to cover claims for coastal properties associated turned away by other standard insurers. with 100-year storms, or storms that have a one perBrock’s Dondi Stojak offers a caveat to taking cent chance of occurring in any given year. After insurance from a standard carrier instead of through 2005, insurance companies were required to double the FAIR Plan. their available capital, causing increased premiums “If they become insolvent there is no basis for a on coastal properties. The increase was used to claim,” she noted of the firms. “Right down the build the funding surplus. This was also the advent coastal market it is still very strict. When the FAIR of re-insurance — insurPlan isn’t an option we ance that carriers bought use the surplus lines for themselves as protecmarket, such as Lloyd’s “When Massachusetts insurers of London. It has providtion against their own liabilities in the event of unexed an alternative market looked at insuring the Cape pected catastrophic properfor us, but the surplus and Islands, the cost became ty losses. companies don’t partici“The difficulty in the pate in the state fund. so prohibitive, they just present day in buying “It doesn’t look like coastal insurance is that pulled out. Almost all insurers anything will change companies don’t want to soon, particularly with in Massachusetts do not buy re-insurance because the islands, but people it’s expensive, so most have can get insurance. want the Cape and Islands.” pulled away from insuring Maybe they don’t have — Jim Congdon, the choices they had along the coast,” said Jim Congdon of Congdon & Congdon & Coleman Insurance Agency years ago, but you can Coleman Insurance. “When get good policies. A lot Massachusetts insurers of people don’t like the looked at insuring the Cape FAIR Plan, but we are and Islands, the cost became so prohibitive, they lucky to have it. We haven’t reached the point just pulled out. Almost all insurers in Massachusetts where we can’t insure property, and I think people do not want the Cape and Islands.” have to hope it will get better over time.” Charlie Kilvert III, of Nantucket Insurance Kilvert said he is currently in discussions with a Agency, Inc., explained that island property insur- couple of companies showing an interest in insuring ance premiums have nearly doubled in the last Nantucket properties. These companies, he says, dozen or so years. That has made the prospect unaf- have alternative approaches to traditional underfordable for some, and practically out of reach for writing. He added that some carriers are also allowothers living in especially vulnerable areas where ing property owners to choose from wind, flood and the likelihood of erosion and fierce wind damage is fire insurance, although he stresses it is wisest to highest. carry all three policies in excess of the mortgage

Second in a Series

Value of Insured Coastal Properties Vulnerable to Hurricanes by State 2010

Continued from page 1 under contract in September and October,” said Dey. “We are on track to go over $600 million [in sales] this year compared to $435 million in 2009. It is a positive sign. There are still a lot of foreclosures coming, but the market for

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Nantucket Property News

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some sectors is improving. It is fair to say the bottom has been reached. Once we have a few consecutive quarters with a rise in the median price, then we will have turned the corner. That’s the thing I’m watching closely right now.” Mary Taaffe at Windwalker Real Estate agrees there are many good

November 4, 2010

and to cover the cost of rebuilding. “It is evolving slowly and it’s becoming creative,” he said of the industry. There is plenty of room for optimism concerning beneficial shifts that may eventually loosen the restrictions insurers have placed on coastal coverage, but Congdon also views the situation from a practical standpoint. “We dodged a bullet this summer with Hurricane Earl, but that may have given people a false sense of security. The main concern is for Category Four storm hits,” he said. “We’re going to have hurricanes. If there is any validity to the oceans warming, we are in for one. I have to believe every summer it’s like playing roulette.” Mary Lancaster has been a year-round island resident for 40 years. She moved to Nantucket after spending several years as an advertising illustrator in New York City and Connecticut. Her journalism career, spanning 24 years to date, began as a reporter for the Inquirer and Mirror, then The Nantucket Beacon and most recently as a staff writer with The Nantucket Independent. Between and during her jobs with those newspapers she also wrote for several local magazines. She is currently working as a freelance writer.

signs that the market is on the upswing. “The summer was stronger this year, we are ahead on rental bookings this year and both the dollar volume and number of transactions are higher this year compared to last year,” said Taaffe. “But, we do have a lot of inventory and I still see price reduc-

tions. It’s a buyer’s market. It’s a great time to buy a house on Nantucket. We are seeing greater value at $900,000 and $800,000 than we’ve seen in years for people trying to enter the market. It’s higher than in other places, but they get a bigger bang for the buck.”

NEWS REPORT Wind, solar power boosted by incentives ENERGY ALTERNATIVES

ON NANTUCKET Second in a Series By Peter B. Brace Property News Writer

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

August/September 2010 • Vol. 2 No. 3

The federal government offers an uncapped 30percent tax credit, or cash refund, for the total cost of renewable energy systems. The Micro Wind Program at the Massachusetts Clean Energy Center of the Massachusetts Department of Energy Resources offers two rebates for wind turbine systems with generation capacities of 1 kW to 99 kW. The first is based on the rated capacity of the system at 24 mph. The second is on a verified estimate of kilowatt-hours produced by the system for its first year of operation. The cost of solar photovoltaic panels are in line with residential wind turbines, and share many of the financial incentives of those wind systems. Licensed solar panel installer Bobby King, Jr., of Nantucket Solar, cautioned homeowners that each property is different. The cost of installing solar panels is partially dependent on where the Historic District Commission allows the panels to be placed. Roof installations, although frowned upon by the HDC, are ideal because the solar panels, which produce the most energy when drenched in steady sun-

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.”

Whether you’re buying, selling or just looking the Property News and the Property Journal — published by the Nantucket Association of Real Estate Brokers — are the definitive sources for real estate on Nantucket.

LINK NANTUCKET

QUARTERLY RESULTS

5 MINUTES WITH...

A list of all properties for sale by area and price

Second quarter sales summary

Aloha! Bill Liddle takes it easy with The Eagles

Page 6

Page 24

Page 29

NANTUCKET PROPERTY NEWS Vol. 1 No. 6

A publication of the Nantucket Association of Real Estate Brokers

LNantucket I N K New Listings

Our Property

July 14 - July 28 $8,950,000 Cliff Kimball Ave. 5/3 Island Properties

$8,800,000 Sconset Baxter Road 6/6+ Lee RE & Westbrook RE $8,500,000 Shimmo Gardner Road 8/5 Great Point Properties

July 30, 2009

After searching for a home on Nantucket for 12 of the 17 years they have been visiting, Jill and Rick Lesko found their oasis in Nanahumacke Preserve, off of Hummock Pond Road. The couple purchased their partially built home last September, and closed on it in April.“We fell in love with the natural surroundings and the pond that is here, and the fact that it is surrounded by conservation land,” says Jill, who first visited the island when she was 13.“We love the natural setting and the beauty of the 23 acres that are being developed.” Jill also cited the development’s close proximity to the beaches, Bartlett’s and the brewery. Rick is an internal medical physician who heads a medical group in New Jersey. Jill worked as a marketing and sales executive for Johnson & Johnson for 23 years, and is starting her own independent consulting business. They have two daughters — one just graduated from college and is planning to work as a graphic designer or an animator.The other will attend Harvard Business School this fall.

$3,950,000 Town Pleasant St. 5/5+ Great Point Properties

www.nareb-online.com

$4,495,000 Sconset Main St. 4/3 Maury People/ Sotheby’s

New Listings continued on page 30

istorians are an interesting bunch. They love libraries and the love doing research in libraries. They love going through piles of old books and documents, searching for that elusive clue that will shed some new light on a relatively obscure (what they like to call “historic”) fact. A

Nantucket Property Journal

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Nantucket Property News November 4, 2010

JORDI CABRE

PHOTO

Ranneys share reflections of Real Estate firsts

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lot of times they end up with findings that include phrases like, “It’s difficult to pinpoint the exact year when suchand-such-a-group actually came into existence, but the first recorded organized meeting was in whatever year.” I’m not a historian.

THE

NANTUCKET

See full graphic, page

INSIDE

nvironmental and financial incentives are encouraging many Nantucket property owners to make the $20,000 alternative energy investment in their property. The Historic District Commission, over the past two years, have approved nine wind turbines and 11 solar energy systems, and plenty more are coming down the pike. Nantucket property owners are clearly beginning to understand and embrace the rewards of alternative energy. The Gravel Shoal Group, the only residential wind turbine installer on Nantucket, can install a 1.2kW system on your property, rated at 2,000-plus kilowatt hours per year, for $19,000 to $21,000. The cost includes parts, labor and installation, said Gravel Shoal Group Technician Erik Lauritzen. “They’ve got a five-year parts and labor warranty,” said Lauritzen. “They are projected with a 10-year payback period, but that figure is before any federal and state incentives. It has an expected life of 20 years. That’s the time it would need to be rebuilt.” The 1.2kW WindSpire Extreme Winds cylindrical turbine, with three vertical blades, costs $14,000 to $16,000 per turbine unit. The concrete footing, electrical lines and fixtures, and the physical installation of the turbine are additional costs. Return on this investment depends on property location, and where the turbine is placed on that property in relation to dependable annual wind speeds of around 12 mph or more. Overall, the National Renewable Energy Laboratory of the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy rates Nantucket as a class six out of a possible seven in terms of consistent wind speeds. Lauritzen added that, given the right wind conditions, the 1.2kW WindSpire could generate 25 to 30 percent of the energy needs for an average dwelling.

light, can get optimal exposure. While ground installations are easily hidden from view, they usually cost more in labor and parts, trenching wires and mounting the panels on a structure on footings, said King. “Each individual application is totally separate from the next. The electrical demand of Client A is entirely different from the demand of Client B,” said King. “It all depends on your budget.” However, with the correct installation, homeowners can expect a rate of return of up to 30 to 50 percent of their electric bill. In light of the tailor-to-fit nature of these systems, their cost is subjective and can be difficult to pinpoint, but King did say as late spring that a 250-kilowatt system, around the energy level for the average house can run $17,000 to $20,000 for all components and labor costs. For incentives, federal uncapped 30percent tax credits/cash refunds also apply to solar installations. The Massachusetts Clean Energy Center’s Commonwealth Solar II Rebate Program offers rebates for 14 residential systems rated up to 5kW. The state also offers up to a $1,000-tax-credit, and Renewable Energy Credits of 5¢ to 8¢ per kilowatt-hour that companies pay to users to offset their carbon footprints. The power generated from wind and solar electricity generation systems goes into the electrical power grid before going into your property’s electrical system. National Grid, Nantucket’s power distributor, keeps track of the amount you put in. Then, when it calculates your monthly bill, it factors your input, or use of kilowatt-hours. When your input goes beyond your monthly usage, National Grid issues you credit, you pay nothing and that credit is applied to your next bill. When your self-generated energy is below your monthly kilowatt-hour use, you get a bill from National Grid adjusted accordingly.

HISTORY OF REAL ESTATE ON NANTUCKET PART 4 By Andrew Spencer Contributing Writer

That’s not to say that I don’t like research (I don’t, just for the record) and that I don’t like libraries (again, not the world’s biggest fan). But before anybody gets all out of sorts and ready to yell at me, I’d point out that on Nantucket, we don’t have a library. We have an

Nantucket Property News

Atheneum. Totally different ballgame. I knew that legal retainer would come in handy. And speaking of lawyers, I happened to be in the neighborhood recently of Denby Real Estate on Whaler’s Lane, an office that was, at the time of my arrival, populated by See History, page 25

•

NEWS REPORT

Rate Trend Index

MONEY

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

MATTERS

Up Unchanged

63%

Average Nantucket area mortgage rates, thru November 1, 2010 14

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Nantucket Property News

31% Down

• November 4, 2010

Inqu & Mirirer Be ror

st of Best Nantu ck Real 2010 et Estate Office

Inq & Muirirer Be ror

’SCONSET REAL ESTATE

COFFIN REAL ESTATE

st of Nantu c 2010 ket

Post Office Square, P. O. Box 122 Siasconset, MA 02564 (508) 257-6335 www.sconsetrealestate.com

40 Centre Street, P. O. Box 1881 Nantucket, MA 02554 (508) 228-1138 www.coffinrealestate.com

Carol Coffin Best Realtor

SCONSET SERENITY

STORYBOOK CHARM ...

At the end of a winding country lane, and close to ‘Sconset Village, is a fourbedroom home on 1+ acres.This custom designed home has large windows and decks opening to panoramic views of Sankaty Golf Course and breathtaking sunsets. It includes family gathering (or living) areas upstairs and down.A light and airy open floor plan provides easy entertaining. EXCLUSIVE $3,275,000

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 $1,299,000

QUIET COUNTRY LIVING

CHARMING ANTIQUE HOME

Close to downtown. Three bedroom/three bath home and separate, private cottage with 2 car garage. Gas central AC & heat. Professionally landscaped and irrigated. Town road maintained by the Town! Owners are MA Real Estate Brokers. EXCLUSIVE $1,400,000

This lovely 3 bedroom, 2 bath home is situated on a quiet side street in Town.Wide pine floors. Enclosed back yard and outside shower. Off-street parking. EXCLUSIVE $1,400,000

MID-ISLAND CONDO

WATCH THE SUN RISE OVER THE ATLANTIC

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 $375,000

Wonderful views of the Ocean and Tom Nevers Pond from this four bedroom, two and one-half bath home situated high on 1.18 acres. Full walkout basement. Built in 1973, this home can be expanded an additional 678 square feet. EXCLUSIVE $1,175,000

OUR DEDICATED BROKERS & AGENTS Bernie & Carol Coffin: Owners/Brokers, Jack Bulger, Barbara Keane Clarke, Michele Cranston, Rob Egan, Ellen Glowacki, Betsy Holden, Erin Lemberg, Paula McAuley, Chandra Miller, Nonie Slavitz, Paul Surprenant, Sue Walton, Debbie Willett, Christina Boling

LNantucket I N K Area

Area Bed/ Price Street Bath $1,695,000 Swift Rock Road 3/2.5 $1,925,000 Bishops Rise 4/3.5 $2,000,000 Bishops Rise 0/0 $2,395,000 Eel Point Road 5/4 $2,850,000 Eel Point Road 8/7.5 $2,850,000 Eel Point Road 8/7.5 $2,875,000 Fintry Ln 7/7.5 $2,995,000 Swift Rock Road 6/4.5 $3,350,000 Primrose Ln 4/3.5 $5,950,000 Eel Point Road 0/0 $5,975,000 Huckleberry Ln 3/1 $6,750,000 Eel Point Road 4/1 $9,500,000 Eel Point Road 5/4 $9,995,000 Eel Point Road 0/0 $13,995,000 Eel Point Road 6/7

Lot Size 1.00 1.95 3.80 2.02 1.96 1.96 1.84 2.96 2.00 5.09 1.97 2.09 2.30 13.46 2.34

Type SF SF Land SF SF SF SF SF SF Land SF SF SF Land SF

Listing Office MAUR JORD MAUR WWRE FRAZ GTPT ISLP BAMB JORD MAUR JLEE JORD JORD NREC JLEE

Fisher’s Landing $775,000 $985,000

Fishers Landing West Way

3/2.5 6/4.5

0.28 0.26

SF SF

COMP DENB

0/0 4/4 4/3.5 4/3.5 6/5.5

0.15 0.49 0.12 0.15 0.74

Land SF SF SF SF

FRAZ FRAZ FRAZ MAUR COMP

Hummock Pond $695,000 $1,150,000 $1,395,000 $1,495,000 $3,200,000

Aurora Way Pond Road Aurora Way Aurora Way Hummock Pond

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

Price

Area Street

Bed/ Bath

Lot Size

Type

Listing Office

Madaket $325,000 $329,000 $369,000 $489,000 $659,995 $660,000 $750,000 $750,000 $825,000 $850,000 $925,000 $1,100,000 $1,175,000 $1,195,000 $1,200,000 $1,350,000 $1,389,000 $1,395,000 $1,395,000 $1,595,000 $1,895,000 $1,995,000 $1,995,000 $2,250,000 $2,395,000 $2,695,000 $2,995,000 $3,800,000 $5,450,000

Arkansas Ave 2/2 Arkansas Ave 3/2 South Cambridge 3/2 Arkansas Ave 3/2.5 Madaket Road 3/2 Rhode Island Ave 3/2 Rhode Island Ave 3/1 Rhode Island Ave 3/1 Ridge Ln 3/2 Rhode Island Ave 2/1 Rhode Island Ave 2/1.5 New Jersey Ave 2/1 Columbus Ave 4/3.5 Warrens Landing 3/2 Washington Ave 3/2 California Ave 3/2 Long Pond Dr 4/3.5 Oakland Ave 4/3 Madaket Road 5/3 Madaket Road 2/1.5 Warrens Landing 3/2.5 Starbuck Road 4/3 Starbuck Road 4/3.5 Washington Ave 3/2.5 Sheep Pond Road 5/3.5 Massachusetts Ave 3/1 H St 4/3.5 F 5/4.5 Tennessee Ave 4/2.5

0.07 0.04 0.13 0.07 0.09 0.23 0.32 0.32 0.23 0.00 0.52 0.45 0.92 1.26 0.23 0.32 0.93 0.93 0.55 2.32 3.00 0.74 0.48 0.57 1.20 2.07 0.41 1.02 1.16

SF SF SF SF SF SF SF SF SF Condo SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF SF

NREC MAUR AERE COFF CVIL WWRE FRAZ KILL CVIL CSAA WWRE MAUR MAUR JORD CSAA NREC AERE JORD COFF CONG COFF FRAZ MAUR KILL COFF GTPT MAUR WWRE ISLP

Price

Street

Bed/ Bath

Lot Size

Type

Listing Office

$5,450,000 $5,450,000

Tennessee Ave Tennessee Ave

4/2.5 4/2.5

1.19 1.19

SF SF

JORD WWRE

Russell St Wigwam Road Mad. Valley Road Mad. Valley Road Mad. Valley Road Wigwam Road Mad. Valley Road Mad. Valley Road

0/0 4/2.5 5/3.5 2/1.5 4/2.5 4/5 3/3 6/5.5

0.58 1.16 1.38 1.70 0.69 1.16 1.17 2.93

Land SF SF SF SF SF SF SF

BAMB CSAA MAUR JLEE MAUR CVIL MAUR MAUR

Somerset Ln Miacomet Ave Mikes Dr Perry Ln Sommerset Road Somerset Road Miacomet Ave Helens Dr Celtic Dr Catherine Ln

0/0 3/2 0/0 0/0 0/0 0/0 3/1 3/2 6/4 4/2.5

0.46 0.11 0.46 0.23 0.45 0.45 0.16 0.32 0.20 0.56

Land SF Land Land Land Land SF SF MF SF

GTPT COFF GTPT NREC CVIL CSAA COFF CVIL MAUR COMP

Madequecham $850,000 $1,500,000 $1,895,000 $1,895,000 $2,295,000 $2,650,000 $2,695,000 $4,900,000

Miacomet $435,000 $449,000 $479,000 $495,000 $511,000 $511,000 $575,000 $695,000 $695,000 $860,000

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 Realty

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

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

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

November 4, 2010

•

Nantucket Property News

•

LNantucket I N K Area

Area Bed/ Price Street Bath $925,000 Catherine Ln 3/3.5 $950,000 Somerset Road 3/2.5 $999,500 Sleepy Hollow 4/5 $999,999 Miacomet Ave 3/2 $1,195,000 Appleton Road 5/3 $1,350,000 Bartlett Road 1/1 $1,350,000 Topping Lift Road 5/5 $1,399,000 Windy Way 1/1.5 $1,995,000 Miacomet Road 3/2.5 $2,275,000 Pond View Dr 4/3 $10,900,000 W Miacomet Rd 6/5

Lot Size 0.71 0.45 0.29 0.32 2.00 0.70 0.61 0.00 1.80 1.80 1.90

Listing Type Office SF MAUR SF COFF Condo MAUR SF COFF SF MAUR MF NREC SF MAUR Com MAUR SF MAUR SF GTPT SF CONG

Mid Island $169,000 $240,000 $240,000 $245,000 $250,000 $275,000 $295,000 $295,000 $315,000 $315,000 $315,000 $375,000 $375,000 $395,000 $399,000 $425,000 $425,000 $425,000 $425,000 $425,000 $425,000 $425,000 $440,000 $449,000 $450,000 $455,000 $460,000 $460,000 $475,000 $479,000 $489,000 $489,000 $495,000 $495,000 $499,000 $540,000 $559,000 $575,000 $595,000 $595,000 $599,000 $599,500 $630,000 $645,000 $660,000 $665,000 $675,000 $695,000 $695,000 $695,000 $699,000 $727,000 $729,000 $729,000 $739,000 $749,000 $775,000 $775,000 $775,000 $775,000 $799,000 $799,000 $799,000 $799,000 $800,000 $839,000 $850,000 $895,000 $895,000 $895,000 $899,000 $899,000

Old South Road Backus Ln Backus Ln Pine Crest Dr Surfside Road Bartlett Road Allens Ln Allens Ln Essex Road Essex Road Macys Ln Essex Road Cow Pond Ln Amelia Dr Sun Island Road Arrowhead Dr Arrowhead Dr Arrowhead Dr Arrowhead Dr Arrowhead Dr Arrowhead Dr Arrowhead Dr Park Circle Sparks Ave Perry Ln Park Circle Hinsdale Road Hinsdale Road Amelia Dr Ticcoma Way Old South Road Old South Road Friendship Ln Friendship Ln Backus Ln Teasdale Circle Essex Road Appleton Road Mary Ann Dr Hooper Farm Rd Macys Ln Dennis Dr Hinsdale Rd Macys Ln Bartlett Road Pine Tree Road Daffodil Ln Essex Road Equator Dr Friendship Ln Gray Ave Friendship Ln Surfside Road Equator Dr Friendship Ln Hooper Farm Rd Teasdale Circle Enterprise Circle Enterprise Circle Teasdale Circle Seikinnow Place Trotters Ln Salros Road Halyard Ln Ticcoma Way Jeans Way Surfside Road Cato Ln Pine Crest Dr Luff Road Rudder Ln Rudder Ln

0/1 0/0 0/0 0/0 0/0 0/0 0/0 0/0 3/2.5 3/2.5 0/0 3/1 4/3 0/1.5 2/1 0/0 0/0 0/0 0/0 0/0 0/0 0/0 3/2.5 1/1.5 4/2 3/2.5 2/2.5 2/2.5 0/0.5 0/0 3/1 3/1 0/0 0/0 3/2 2/2.5 4/3 2/2 3/3 2/2 4/2.5 3/1.5 4/4 3/2 4/4 3/2 3/2.5 3/2.5 3/3 4/3 5/2.5 6/3 1/1 2/1.5 3/3.5 5/2.5 8/8 3/2.5 3/2.5 8/8 3/3.5 8/3.5 4/3 3/2 0/0 4/3.5 5/2 6/5 3/3.5 3/2 3/2.5 3/2.5

0.00 0.26 0.33 0.14 0.12 0.23 0.11 0.12 0.12 0.12 0.13 0.00 0.18 0.00 0.00 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.00 0.00 0.22 0.00 0.06 0.00 0.00 1.00 0.33 0.33 0.46 0.46 0.26 0.00 0.19 0.24 0.28 0.25 0.19 0.23 0.00 0.17 0.25 0.20 0.47 0.20 0.46 0.47 0.67 0.49 0.44 0.47 0.46 0.53 0.31 0.46 0.46 0.31 0.46 0.50 0.23 0.35 1.50 0.34 0.23 0.23 1.29 0.34 0.40 0.40

KEY TO LISTING OFFICES AERE BAMB BOYC BWRE BLUE CHAT COFF

KEY TO PROPERTY TYPE

•

Nantucket Property News

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

COFF MAUR MAUR MAUR JORD BAMB KILL FRAZ MAUR MAUR JLEE CSAA COFF COFF CONG CONG CONG CONG CONG CONG CONG CONG GTPT KILL CHAT COFF WWRE WWRE KILL BAMB JORD JORD CONG NREC MAUR WWRE FRAZ JORD COFF CONG ISLP MAUR COMP GTPT MAUR COMP JORD COFF COFF JORD MAUR ISLP BAMB FRAZ JORD COFF FRAZ GTPT COFF CVIL COFF DENB CSAA WWRE BAMB MAUR CSAA BAMB MAUR NREC BAMB CSAA

Price $925,000 $925,000 $949,000 $989,000 $995,000 $998,000 $1,050,000 $1,150,000 $1,150,000 $1,150,000 $1,150,000 $1,195,000 $1,200,000 $1,250,000 $1,275,000 $1,285,000 $1,295,000 $1,475,000 $1,695,000 $1,895,000 $1,995,000 $1,995,000 $2,000,000 $2,100,000 $2,400,000

Area Bed/ Street Bath Hinsdale Road 4/4.5 Witherspoon Dr 4/3.5 Old South Road 4/2.5 Polliwog Pond Rd 6/3 Old South Road 0/3 Fairgrounds Road 4/3 Arrowhead Dr 2/2.5 Hanabea Ln 5/4.5 Old South Road 4/4 West Creek Road 4/3.5 Pine Crest Dr 3/3.5 Teasdale Circle 4/2 Ticcoma Way 0/0 West Creek Road 4/3 Teasdale Circle 4/3 Meadow View Dr 4/4.5 Chins Way 3/1 Arrowhead Dr 2/2.5 Sheep Commons 3/3 Sheep Commons 3/2.5 Milestone Crossing4/3.5 Tetawkimmo Dr 4/4 Amelia Dr 3/5.5 Sheep Commons 4/4 Amelia Dr 3/5.5

Lot Size 0.11 0.13 0.00 0.25 0.18 0.54 0.14 0.17 0.17 0.14 1.10 0.27 2.50 0.14 0.29 0.46 0.13 0.40 0.80 0.62 2.76 0.84 0.29 0.65 0.29

Listing Type Office MF COMP SF MAUR Condo CONG SF CVIL Com KILL SF AERE Com KILL Com COFF Com COFF Com COFF SF GTPT Com FRAZ Land BAMB Com COFF Com GTPT SF COFF Com CONG Com KILL SF CONG SF WWRE SF JORD SF GTPT Com COMP SF JORD Com COMP

Monomoy $999,000 $1,995,000 $2,650,000 $3,500,000 $3,895,000 $5,995,000 $6,500,000

Brewster Road Brewster Road Brewster Road Monomoy Road Monomoy Road Monomoy Road Monomoy Road

0/0 3/2 4/3.5 3/3 5/4.5 8/6.5 6/8

2.86 1.37 0.99 0.69 0.15 1.75 0.97

Land SF SF SF SF SF SF

FRAZ MAUR ISLP JLEE CONG KILL KILL

Nashaquisset $725,000 $790,000 $799,000 $875,000 $1,153,750

Washaman Ave Mamack Ln Autopscot Circle Washaman Ave Yompasham Ln

2/3 3/3 3/3 3/2.5 3/2.5

0.00 0.00 0.00 0.00 0.29

Co-Op Co-Op Co-Op SF SF

AERE AERE JORD WLCH COFF

Goldfinch Dr Goldfinch Dr Goldfinch Dr Goldfinch Dr Goldfinch Dr Goldfinch Dr Bluebird Ln Goldfinch Dr Goldfinch Dr Dovekie Court Curlew Court Killdeer Ln Kittiwake Ln Curlew Court Kittiwake Ln Goldfinch Dr Goldfinch Dr Bluebird Ln Goldfinch Dr Bluebird Ln Goldfinch Dr Kittiwake Ln Goldfinch Dr Goldfinch Dr

0/0 0/0 0/0 0/0 0/0 0/0 0/0 3/2.5 3/2.5 5/4.5 3/2.5 5/3.5 3/3.5 3/2.5 4/3 3/3 4/3.5 5/3.5 3/3.5 5/4.5 5/3.5 5/5.5 3/3.5 4/4.5

0.13 0.13 0.12 0.15 0.14 0.11 0.13 0.13 0.14 0.16 0.11 0.12 0.12 0.13 0.11 0.13 0.11 0.15 0.11 0.13 0.15 0.11 0.22 0.12

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

CSAA JORD CONG CONG CONG CONG CONG MAUR JORD AERE JORD COMP JORD NREC CONG CSAA CONG CONG CONG GTPT WWRE COFF CONG JORD

Pocomo Road Wauwinet Road Pocomo Road Pocomo Road Village Way Pocomo Road Lauretta Pocomo Road Lauretta Ln Pocomo Road

3/2 3/2.5 4/3 4/4 3/4.5 4/3 4/3.5 7/5.5 6/6.5 6/4.5

1.00 3.00 3.00 3.93 0.29 4.06 1.76 2.90 3.04 2.81

SF SF SF SF SF SF SF SF SF SF

NREC CONG JORD AERE ISLP WWRE KILL MAUR CONG JORD

Naushop $395,000 $395,000 $425,000 $450,000 $450,000 $450,000 $495,000 $829,000 $870,000 $895,000 $910,000 $915,000 $945,000 $989,000 $995,000 $999,000 $1,099,000 $1,099,000 $1,150,000 $1,195,000 $1,245,000 $1,265,000 $1,450,000 $1,495,000

Pocomo $1,425,000 $2,300,000 $2,475,000 $2,990,000 $3,295,000 $3,995,000 $4,400,000 $4,750,000 $5,995,000 $7,900,000

Price

Bed/ Bath

Lot Size

Type

Listing Office

3/2 6/6.5

2.70 5.70

SF SF

ISLP ISLP

North Pasture Ln Polpis Road Polpis Road Almanack Pond Polpis Road Polpis Road Polpis Road

0/0 5/4.5 3/3.5 4/3 5/6 6/9 6/7

0.95 3.09 1.05 3.99 2.95 5.98 10.00

Land SF SF SF SF SF SF

CONG KILL JLEE GTPT MAUR GTPT MAUR

Bassett Road Quaise Pastures Quaise Pastures Quaise Pastures Quaise Pastures

2/1 5/4.5 0/0 5/2 6/7

0.99 2.01 4.42 4.42 6.89

SF SF Land SF SF

FRAZ JORD GTPT GTPT GTPT

Brier Patch Road Sesachacha Road Quidnet Road Chase Ln Quidnet Road Quidnet Road

0/0 3/2.5 3/2 4/3 6/6.5 0/0

1.01 0.14 0.25 4.39 2.76 3.60

Land SF SF SF SF Land

MAUR AERE MAUR CONG CONG MAUR

Comeau Ln 0/0 Milestone Road 4/2 Hydrangea Ln 0/0 Bank St 1/1 Hydrangea Ln 0/0 Hydrangea Ln 0/0 Hydrangea Ln 0/0 Baxter Road 5/4 Bank St 1/1 Hydrangea Ln 0/0 Codfish Park Road 1/1 Hydrangea Ln 0/0 Hydrangea Ln 0/0 Lily St 2/1 Burnell Lot C 0/0 Black Fish Ln 0/0 West Sankaty Rd 3/1 Bank St 1/1 Sconset Ave 4/2 Manatook Way 0/0 Broadway 3/1.5 Bank St 1/1 Sconset Ave 3/1.5 Sconset Ave 3/2 Lily St 4/2 Baxter Road 3/2 Lily St 3/2 Plainfield 0/0 Bank St 4/3.5 Towaddy Ln 4/2 Burnell St 3/3 Burnell St 3/3 Sankaty Road 3/1 Shell St 4/3.5 Chapel St 3/2.5 Coffin St 3/4.5 Morey Ln 4/4 Pochick St 3/2 Baxter Road 4/2 Main St 4/3 King St 6/4.5 Sankaty Road 4/2.5 Cannonbury Ln 5/3 Ocean Ave 3/3 Baxter Road 4/3 Jennifer Ln 4/4.5 Milestone Road 0/0 Sankaty Road 4/3.5 Stone Post Way 5/6

0.26 0.46 0.11 0.05 0.12 0.12 0.12 0.52 0.05 0.11 0.04 0.12 0.12 0.07 0.76 0.76 0.18 0.13 0.19 0.46 0.05 0.05 0.64 0.21 0.11 0.24 0.14 1.50 0.08 0.19 0.18 0.18 0.62 0.15 0.04 0.13 0.23 0.04 0.26 0.88 0.16 0.44 0.46 0.09 0.52 0.24 2.82 1.05 0.50

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

NREC CVIL MAUR CVIL MAUR MAUR MAUR MAUR JLEE MAUR MAUR MAUR MAUR NREC CSAA JORD COFF COFF AERE JLEE WWRE MAUR NREC DELK NREC MAUR NREC CONG GTPT COFF JLEE AERE COFF MAUR COFF WWRE FRAZ BOYC MAUR MAUR FRAZ COFF COFF KILL CHAT KILL BAMB COFF COFF

Street

$7,900,000 Pocomo Road $17,995,000 Pocomo

Polpis $1,550,000 $2,895,000 $3,495,000 $3,695,000 $4,989,000 $11,750,000 $12,500,000

Quaise $899,000 $3,300,000 $3,500,000 $3,500,000 $6,900,000

Quidnet $940,000 $1,695,000 $2,749,000 $3,295,000 $3,395,000 $3,495,000

Sconset $589,900 $635,000 $695,000 $795,000 $795,000 $795,000 $795,000 $795,000 $795,000 $795,000 $799,000 $850,000 $895,000 $925,000 $975,000 $975,000 $980,000 $995,000 $998,000 $1,150,000 $1,150,000 $1,150,000 $1,150,000 $1,150,000 $1,295,000 $1,395,000 $1,395,000 $1,450,000 $1,490,000 $1,495,000 $1,500,000 $1,500,000 $1,725,000 $1,795,000 $1,895,000 $1,995,000 $1,995,000 $2,100,000 $2,295,000 $2,395,000 $2,395,000 $2,425,000 $2,675,000 $2,895,000 $2,950,000 $2,995,000 $3,000,000 $3,275,000 $3,650,000

Continued on page 17

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

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

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

• November 4, 2010

19 Centre Street Nantucket, MA 02554

508.228.3202 www.jpfco.com

Hummock Pond $1,150,000 Well maintained, house and cottage on a meticulously landscaped half acre lot in the sought after Hussey Farm area. Three bedroom, two bath main house with private deck overlooking vegetation. Two bedroom, one and a half bath cottage with nice outdoor space. Many possibilities as the house and cottage have nice separation. Both are very bright and cheery. Sold fully furnished. Outstanding value!

LNantucket I N K Area

Area Price $3,750,000 $3,795,000 $3,895,000 $4,100,000 $4,275,000 $4,700,000 $5,300,000 $7,900,000 $9,995,000 $13,995,000

Street Low Beach Road Annes Ln Main St Morey Ln Burnell St Bunker Hill Low Beach Road Ocean Ave Low Beach Road Low Beach Road

Bed/ Bath 7/6 3/2.5 4/3.5 6/4.5 8/9 6/7 8/9 5/4.5 8/9 5/5

Lot Size 0.49 0.48 0.47 0.76 0.00 0.59 3.60 2.33 3.30 7.07

0/0 0/0 5/5.5 5/7.5 6/10.5

3.32 2.80 2.77 2.38 2.93

Listing Office JLEE JLEE JLEE MAUR FRAZ CONG JORD MAUR MAUR MAUR

Type SF SF SF SF SF SF SF SF SF SF

Price

Area Street

Bed/ Bath

Lot Size

Type

Listing Office

South of Town $299,000 $559,000 $595,000 $599,000 $725,000 $759,000 $859,000 $925,000 $995,000

Thirty Acres Ln Washaman Ave Hiawasse Ln Hooper Farm Rd Tashama Ln Larrabee Ln Nobska Way Lewis Court Vesper Ln

2/1.5 3/2 0/0 2/1.5 3/2 6/3 4/2 4/2 2/1

0.00 0.24 0.54 0.47 0.17 0.23 0.35 0.34 0.17

Condo SF Land SF SF MF SF SF SF

DENB JORD JORD COMP NREC KILL GTPT FRAZ WWRE

0/0 0.92 0/0 10.95 8/12.5 2.40

Land Land SF

MAUR WWRE GTPT

0/0 3/2 3/2 4/3.5 4/2 4/5 4/4 5/3.5 3/2.5

Land SF SF Co-Op SF SF SF SF SF

GTPT COFF COMP GTPT MAUR FRAZ GTPT KILL NREC

Shawkemo Squam $1,895,000 $2,800,000 $5,900,000 $10,800,000 $12,950,000

Polpis Road Shawkemo Road Shawkemo Hills Shawkemo Hills Shawkemo Road

Land Land SF SF SF

MAUR MAUR MAUR MAUR JORD

Surfside

Shimmo $2,195,000 $2,999,000 $3,395,000 $4,995,000 $7,500,000

Shimmo Pond Rd Juniper Hill South Valley Road Brewster Road Gardner Road

4/2.5 4/4.5 3/3 5/4 8/5

0.84 1.82 1.60 1.89 3.25

KEY TO LISTING OFFICES AERE BAMB BOYC BWRE BLUE CHAT COFF

$1,995,000 Squam Road $7,950,000 Squam Road $19,900,000 Squam Road

KEY TO PROPERTY TYPE

SF SF SF SF SF

NREC CONG MAUR PREF GTPT

$455,000 $665,000 $675,000 $695,000 $790,000 $795,000 $799,000 $825,000 $825,000

S Pasture Ln Surfside Road Folger Ave Evergreen Way Daffodil Ln Surfside Road Maclean Ln Surfside Road Daffodil Ln

0.92 0.21 0.14 0.24 0.48 0.38 0.18 0.30 1.84

Price

Street

Bed/ Bath

Lot Size

$849,000 $875,000 $895,000 $995,000 $995,000 $995,000 $995,000 $1,300,000 $1,395,000 $1,395,000 $1,399,000 $1,475,000 $1,500,000 $1,550,000 $1,595,000 $1,695,000 $1,995,000 $2,295,000 $2,295,000 $2,495,000 $2,495,000 $2,500,000 $2,795,000 $3,100,000 $3,695,000 $3,795,000

Surfside Road Pochick Ave Weweeder Ave Field Ave Surfside Road Surfside Road Boulevarde Woodbine St Lovers Ln Skyline Dr Pochick Ave Pochick Ave Pequot St Field Ave Surfside Road Pochick Ave Pochick Ave Plum St Pochick Ave Woodbine St Surfside Road Skyline Dr Pochick Ave Okorwaw Ave Nonantum Ave Orkowaw Ave

3/3 0/0 0/0 5/3.5 0/0 0/0 0/0 0/0 4/2.5 4/3.5 3/3.5 5/4.5 4/3 6/5 9/5.5 3/3 3/3.5 5/5.5 3/2.5 3/3.5 4/4 4/3 5/5.5 5/3.5 4/6 4/5.5

0.23 1.10 1.15 1.00 1.25 1.25 0.68 1.15 0.23 1.84 0.60 1.26 0.92 1.01 0.24 0.36 1.00 0.47 0.92 1.15 1.00 3.28 1.10 2.96 0.69 2.76

Type

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

CVIL FRAZ BAMB JORD CVIL WEBS BAMB FRAZ COMP AERE KILL MAUR COFF GTPT FRAZ COFF MAUR FRAZ JORD GTPT COMP BWRE JORD MAUR FRAZ JORD

Continued on page 18

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

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

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

November 4, 2010

Listing Office

•

Nantucket Property News

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LNantucket I N K Area

Area Price

Street

Bed/ Bath

Lot Size

Listing Office

Type

Tom Nevers $550,000 $595,000 $595,000 $599,000 $649,000 $789,000 $890,000 $895,000 $899,000 $899,000 $950,000 $995,000 $999,000 $1,150,000 $1,175,000 $1,200,000 $1,295,000 $1,350,000 $1,350,000 $1,350,000 $1,350,000 $1,350,000 $1,395,000 $1,395,000 $1,425,000 $1,495,000 $1,595,000 $1,795,000 $1,875,000 $1,895,000 $1,995,000 $2,350,000 $2,900,000 $3,200,000 $3,595,000 $3,795,000 $7,000,000

Gloucester St Old Tom Nevers Old Tom Nevers Old Tom Nevers Clarendon St Clarendon St Gloucester St Berkley St Arlington St Cornwall St Flintlock Road Wrights Landing Whitetail Circle Old Tom Nevers Jonathan Way Green Hollow Lyons Ln Marcus Way Longwood Drive Old Tom Nevers Old Tom Nevers Flintlock Road Old Tom Nevers Exeter St Nichols Road Nichols Road Chuck Hollow Longwood Drive Sandsbury Road Wrights Landing Tom Nevers Road Tom Nevers Road Wanoma Way Wanoma Way Jonathan Way Lyford Road Wanoma Way

0/0 4/2 4/2 2/1 3/2.5 3/3 3/2.5 3/2.5 4/3 3/2 0/0 0/0 0/0 8/4 4/2.5 9/6.5 3/2.5 4/3 3/3 4/2.5 4/2.5 5/4.5 3/2.5 3/3 3/2.5 3/2.5 3/2.5 3/2.5 3/3 4/3.5 6/7 6/4 4/3 4/4 5/4.5 3/3.5 6/7

1.16 0.14 0.14 0.00 0.36 0.18 0.18 0.23 0.37 0.57 1.20 0.46 2.75 0.34 1.18 2.75 1.12 2.99 2.75 0.20 0.20 2.45 0.30 3.08 0.14 0.33 2.77 2.75 1.20 0.46 2.81 3.05 0.40 0.22 1.37 0.24 3.20

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

JLEE FRAZ FRAZ CONG MAUR WWRE AERE MAUR NREC COFF COFF JORD CONG FRAZ COFF WWRE WWRE CONG ISLW COMP FRAZ COMP MAUR COFF FRAZ MAUR WWRE CONG CONG JORD MAUR BOYC COFF JORD WWRE MAUR CONG

Washington St Washington St Center St Pleasant St Union St Jefferson Ln Orange St York St Union St Center St Joy St Orange St Orange St New Ln Beaver St Warren St Silver St Pleasant St Pleasant St Orange St Cherry St Orange St Warren St Main St Gardner Perry Ln Union St Union St Union St Mt. Vernon St Spring St Back St Union St Washington St Prospect St Copper Ln Union St Hussey St Hussey St

0/1 0/1 1/1 1/1 2/2 1/1 1/1 3/2 2/1 1/1 3/3 1/1 2/2.5 0/0 1/1 1/1 4/3 3/2 3/1.5 2/1 2/2 0/0 3/3.5 2/1 2/1.5 2/2 3/1.5 2/1 3/1.5 3/2 4/2 3/2 2/2.5 3/2 0/0 4/3 2/2 2/2

0.00 0.10 0.00 0.00 0.12 0.00 0.00 0.06 0.12 0.00 0.11 0.00 0.00 0.11 0.10 0.05 0.06 0.13 0.12 0.05 0.14 0.12 0.05 0.00 0.13 0.14 0.16 0.12 0.05 0.14 0.10 0.14 0.00 0.19 0.11 0.12 0.03 0.03

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

CVIL CVIL AERE CONG ISLP CONG CVIL MAUR ISLP KILL CONG CSAA COFF MAUR JORD JLEE COMP NREC COFF WWRE FRAZ COFF FRAZ AERE CSAA MAUR CVIL COFF JORD JLEE GTPT MAUR MAUR CSAA GTPT ISLP AERE ISLP

Town $299,000 $329,000 $380,000 $399,000 $475,000 $475,000 $495,000 $500,000 $525,000 $585,000 $625,000 $640,000 $675,000 $695,000 $695,000 $695,000 $699,000 $725,000 $725,000 $745,000 $749,000 $750,000 $775,000 $795,000 $799,000 $835,000 $875,000 $875,000 $895,000 $895,000 $925,000 $950,000 $975,000 $979,000 $995,000 $998,000 $1,050,000 $1,050,000

KEY TO LISTING OFFICES AERE BAMB BOYC BWRE BLUE CHAT COFF

KEY TO PROPERTY TYPE

•

Nantucket Property News

•

Area Bed/ Bath

Price

Street

$1,050,000 $1,095,000 $1,100,000 $1,150,000 $1,150,000 $1,150,000 $1,195,000 $1,199,000 $1,199,000 $1,245,000 $1,249,000 $1,250,000 $1,275,000 $1,295,000 $1,295,000 $1,295,000 $1,295,000 $1,295,000 $1,295,000 $1,300,000 $1,375,000 $1,395,000 $1,395,000 $1,395,000 $1,399,000 $1,399,000 $1,399,000 $1,400,000 $1,400,000 $1,450,000 $1,450,000 $1,495,000 $1,495,000 $1,500,000 $1,500,000 $1,595,000 $1,595,000 $1,595,000 $1,675,000 $1,695,000 $1,695,000 $1,695,000 $1,695,000 $1,700,000 $1,725,000 $1,785,000 $1,845,000 $1,845,000 $1,865,000 $1,890,000 $1,995,000 $1,995,000 $1,995,000 $1,995,000 $1,995,000 $1,995,000 $2,150,000 $2,185,000 $2,195,000 $2,195,000 $2,295,000 $2,295,000 $2,395,000 $2,450,000 $2,465,000 $2,495,000 $2,500,000 $2,575,000 $2,595,000 $2,595,000 $2,675,000 $2,695,000 $2,725,000 $2,750,000 $2,795,000 $2,795,000 $2,850,000 $2,850,000 $2,850,000 $2,975,000 $2,975,000

North Liberty St 3/2 York St 3/2 Warren St 3/2 Gardners Court 1/1 Pine St 2/2 Francis St 3/2 Orange St 3/3 Spring St 2/2.5 Washington St 3/1.5 Union St 4/2.5 Washington St Ext 4/3 Main St 3/2 Orange St 7/4.5 Main St 3/2 Vestal St 0/1 Back St 3/2.5 Vestal St 4/2.5 Union St 3/2.5 Union St 4/2.5 Milk St 2/2 New St 3/2 Fair St 6/5 New Ln 4/4 Eagle Ln 3/2.5 North Liberty St 2/2 New St 4/2.5 New St 4/2.5 Eagle Ln 3/2 Dukes Road 4/4 Quince St 4/2.5 Angola St 0/0 Washington St 3/2.5 Farmer St 2/1.5 Pleasant St 2/2.5 Center St 0/0.5 West Chester St 4/2.5 Liberty St 4/3.5 Union St 4/3.5 Lily St 5/3 Williams St 5/4.5 Pine St 4/2.5 Warren St 3/2 Liberty St 3/3 Gardner St 4/1.5 Pleasant St 4/2 Union St 5/4 West Dover St 4/3 West Dover St 4/3 Back St 4/3.5 Orange St 5/5 Candle House Ln 4/3 New Ln 3/2.5 Main St 5/4.5 Main St 5/4.5 Pine St 5/3 Pine St 5/3 Washington St 2/3.5 Fayette St 4/3 Union St 5/5.5 Main St 8/4.5 Ash St 7/7.5 Center St 0/0.5 Flora St 3/2.5 York St 5/6 Meadow Ln 4/3 Fair St 5/3.5 Hussey St 4/4 Copper Ln 4/4 Fair St 5/4 Angola St 4/3.5 West Chester St 5/3 Barnabus Ln 4/4 Green Ln 7/6.5 Pleasant St 9/8.5 Copper Ln 5/5.5 Center St 3/3.5 Madaket Road 7/5 Washington St 4/2 Union St 3/2.5 Lily St 4/3.5 Candle House Ln 4/6

Lot Size

0.13 0.13 0.10 0.00 0.07 0.12 0.07 0.06 0.05 0.13 0.08 0.09 0.30 0.14 0.13 0.12 0.15 0.05 0.17 0.06 0.18 0.08 0.14 0.06 0.27 0.14 0.14 0.09 0.50 0.06 0.14 0.12 0.09 0.06 0.00 0.00 0.19 0.09 0.13 0.14 0.12 0.00 0.05 0.15 0.12 0.00 0.18 0.18 0.12 0.00 0.12 0.16 0.12 0.12 0.12 0.08 0.11 0.16 0.12 0.15 0.11 0.00 0.07 0.18 0.67 0.22 0.11 0.14 0.18 0.14 0.23 0.15 0.18 0.13 0.11 0.07 1.30 0.29 0.12 0.12 0.14

Type

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

Listing Office

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

Price

Street

Bed/ Bath

Lot Size

$2,995,000 $2,995,000 $3,199,000 $3,200,000 $3,250,000 $3,250,000 $3,250,000 $3,250,000 $3,250,000 $3,275,000 $3,295,000 $3,350,000 $3,350,000 $3,475,000 $3,500,000 $3,500,000 $3,695,000 $3,750,000 $3,850,000 $3,875,000 $3,895,000 $3,950,000 $3,975,000 $4,465,000 $4,495,000 $4,995,000 $4,995,000 $7,495,000

Main St Pleasant St Woodbury Ln West Chester St Straight Wharf Woodbury Ln North Water St Fair St North Water St Milk St Pine St Liberty St Main St India St Center St Center St Main St Main St Orange St Orange St India St North Liberty St Fair St Orange St Main St Fair St Straight Wharf Main St

4/3.5 0.10 5/6 0.23 5/4.5 0.23 6/7 0.14 3/4 0.14 4/4.5 0.24 13/11 0.16 4/2.5 0.08 13/11 0.16 7/6.5 0.22 6/4.5 0.12 3/3.5 0.08 4/3 0.10 4/4.5 0.06 12/12.5 0.23 12/12.5 0.23 7/4.5 0.15 9/5.5 0.30 5/4.5 0.15 5/4.5 0.12 5/5 0.10 4/4.5 0.32 5/5.5 0.07 5/3.5 0.14 6/5.5 0.17 5/5 0.16 2/3.5 0.07 6/8 0.15

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

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

Tuckernuck Tuckernuck

0/0 4/2

5.00 5.00

Land SF

CVIL CVIL

Wauwinet Road Eat Fire Spring Crows Nest Way Wauwinet Road Wauwinet Road Wauwinet Road Wauwinet Road Wauwinet Road Wauwinet Road Medouie Creek Wauwinet Road

3/2 0/0 3/2 5/4.5 3/2 5/3 4/3.5 4/6.5 4/3 0/0 6/3.5

3.29 3.25 0.51 1.50 3.00 2.85 3.50 3.21 4.03 31.60 2.50

SF Land SF SF SF SF SF SF SF Land SF

COFF MAUR GTPT MAUR JLEE JORD COMP CONG JLEE WWRE MAUR

2/1 3/2 7/5 0/0 3/2 6/3 4/4 0/0 3/1.5 3/2 4/2 4/2 6/3 3/2.5 6/6.5 4/3.5 3/2.5 7/5 6/5 5/5.5 3/4.5

0.54 0.16 0.34 0.46 0.17 0.46 0.27 0.48 0.30 0.71 0.18 0.20 0.27 0.52 0.53 0.47 0.48 1.30 0.57 0.66 3.15

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

AERE COMP COFF COMP FRAZ AERE CONG GTPT NREC FRAZ COFF CONG CONG CONG JLEE ISLP COFF GTPT GTPT GTPT WWRE

Type

Tuckernuck $395,000 $895,000

Wauwinet $1,895,000 $1,900,000 $1,950,000 $2,295,000 $2,300,000 $2,495,000 $2,850,000 $2,995,000 $4,900,000 $12,000,000 $12,900,000

West of Town $549,000 $585,000 $650,000 $656,000 $659,000 $679,000 $725,000 $850,000 $865,000 $895,000 $895,000 $925,000 $989,000 $995,000 $1,075,000 $1,095,000 $1,250,000 $2,850,000 $2,900,000 $2,975,000 $3,175,000

Friendship Ln Surfside Road Cow Pond Ln Dukes Road Surfside Road Equator Drive Tashama Ln Old Westmoor Meadow Ln Madaket Road Polliwog Pond Dukes Road Polliwog Pond Pond Road Pinkham Circle Vesper Ln Mayhew Ln Madaket Road Meadow Ln Old Westmoor Millbrook Road

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

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

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

November 4, 2010

Listing Office

1821 Federal-style in town

Newly renovated, 3 bedrooms, 3.5 baths HDC plans for 4th bedroom $2,795,000

Tom Nevers Waterfront

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

Sconset with Water Views

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Well-maintained cottage in village. $2,100,000

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Dana & David Boyce, licensed brokers Jamie Feeley, sales associate 508.257.6962 www.boycerealtynantucket.com

PROPERTIES

FISHERS LANDING 9 Fishers Land Single Family List price: $775,000

Bedrooms: 3 Baths: 2.5 Lot size: 0.28 acres Listing office: Compass Rose Real Estate

A simple clean, fresh Cape style home that affords you peace and quiet, in a private Association, that abuts the Loring Conservation Foundation, with unlimited paths through the moors and to the Sound. Association amenities include boat storage, access to Warrens Landing, Madaket Harbor, plus tennis courts. Recent additions include landscaping, new parking area, two dormers, garage with studio above, interior paint, carpet, granite counter tops and new fixtures. Also new appliances and roof shingles. MID ISLAND 8 Gray Avenue Single Family List price: $669,000

Bedrooms: 5 Baths: 2.5 Lot size: 0.67 acres Listing office: Maury People/Sotheby’s

Five-bedroom, two and a half bathroom home in nearly new condition. Privately set on almost 3/4 of an acre, and convenient to Town and Surfside Beaches.

5 Great Values TODAY!

TOM NEVERS 12 Old Tom Nevers Single Family List price: $595,000

Bedrooms: 4 Baths: 2 Lot size: 0.14 acres Listing office: J Pepper Frazier Co.

Beautifully renovated 4 bedroom, 2 bath home. All new floors/carpeting/appliances. Pristine move-in condition. Large multi level deck offers wonderful outdoor area for relaxing, dining and entertaining. Short walk to secluded beaches.

TOWN 43 Pleasant Street Single Family List price: $2,995,000

Bedrooms: 5 Baths: 5+ Lot size: 0.23 acres Listing office: Great Point Properties

A beautiful new home built within the historic district on a large over sized lot. Built by island craftsmen in 2003, this home offers 5 full bedrooms suites, each with a full bath, plus two additional half baths.The finished basement includes a movie theater with comfortable leather seating for six people. A large lot of over 10,000 square feet offers a buyer the ability to add a pool and a cottage/garage, or both.

WEST OF TOWN 9 Equator Drive Single Family List price: $679,000

Bedrooms: 6 Baths: 3 Lot size: 0.46 acres Listing office: Atlantic East Real Estate

On a half acre lot, this main house and cottage offer a variety of possibilities. Live in one and rent the other, use for extended family or house your employees. 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.

November 4, 2010

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Nantucket Property News

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PROPERTIES

LNantucket I N K New Listings

October 19 ~ November 2

continued from Page 1 $1,150,000 Town Pine Street 2/2 Windwalker Real Estate

$595,000 Hummock Pond Burnt Swamp Lane 1/1 Island Properties

$1,150,000 Town Gardner’s Court 1/1 Maury People/ Sotheby’s

$575,000 Mid Island Appleton Road 2/2 Jordan Real Estate

$739,000 Mid Island Friendship Lane 3/3.5 Jordan Real Estate

$499,000 Mid Island Backus Lane 3/2 Maury People/ Sotheby’s

$695,000 Town Beaver Street 1/1 Jordan Real Estate

$495,000 Miacomet Perry Lane Land Nantucket Real Estate

$675,000 Surfside Folger Avenue 3/2 Compass Rose Real Estate

$240,000 Mid Island Backus Lane, #4 Land Maury People/ Sotheby’s $240,000 Mid Island Backus Lane, #3 Land Maury People/ Sotheby’s

Real Estate Transactions OCTOBER 18 - 29 36 Orange Street

The 36 Orange Street, LLC of New York, NY purchased a dwelling at 36 Orange Street from Anne Reiner, Trustee of Thirty-Six Orange Street Realty Trust of Hampshire, United Kingdom for $5,900,000.

60 Wanoma Way

Edward and Marylyn Gregory of Bernardsville, NJ purchased a dwelling at 60 Wanoma Way from Flint Beal of New York, NY for $4,125,000.

28 Medouie Creek

Peter Pierce, Trustee of Creek House Trust of New Canaan, CT purchased a dwelling at 28 Medouie Creek Road from JP Morgan Chase Bank for $3,800,000.

7 Folger Lane

online

anywhere

anytime

Nantucket Property News Nantucket Property Journal

www.nareb-online.com

Tyler and Michele Wolfram of Riverside, CT purchased a dwelling at 7 Folger Lane from the Folger Lane, LLC of Huston, TX for $3,733,334. The Thirty-two Sankaty Head, LLC of Fairfield, CT purchased a dwelling at 32 Sankaty Continued on next page

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Nantucket Property News

• November 4, 2010

PROPERTIES Continued from previous page

Head Road from Gwynne and Frances Thorsen of Hobe Sound, FL for $3,000,000. Samuel and Jacobs Flax of Chevy Chase, MD purchased a dwelling at 12 Moors End Lane from Joseph and Renee Gamberoni of Nantucket for $2,325,000. The ACK5 Realty Trust of Nantucket purchased a dwelling at 39 Orange Street from the Thirty Nine Orange, LLC of Idledale, CO for $2,300,000. Olga Basirov of London, United Kingdom purchased a dwelling at 201 Madaket Road from Joanne Sheppard, Trustee of the Sheppard Family Trust for $2,000,000. Ricardo and Karen Pascoe of Bedford, NY purchased a dwelling at 14 New Lane from the Island Property Group Realty, LLC of Nantucket for $1,550,000. The Bassett Road, LLC of Hobe Sound, FL purchased a dwelling at 36 Bassett Road from Seth Brennan of Chestnut Hill, MA for $1,950,000. John McDonald of Austin, TX purchased a dwelling at 4 Pawguvet Lane from Milton Rowland, Trustee of Pawguvet Realty Trust of Nantucket for $1,325,000. William Fuller of North Kingstown, RI purchased a vacant lot at 18 East Tristram Avenue from Julius Jensen III, Trustee of Norwood Fram (sic.) Trust of Vero Beach, FL for $1,280,000. Timothy and Sarah Stephens of Houston, TX purchased a dwelling at 3 Kings Way from Gaynor and James Casner III, Trustees of the Andrew Casner, Jr. Trust of Concord, MA for $1,200,000. Elliott and Eileen Pollack of Hartford, CT purchased a dwelling at 16 Pilgrim Road from John and Mary Valentis of Albany, NY for $1,100,000. Seth and Kim White of Hanover, MA purchased a dwelling at 47A Westchester Street from the Lily Pad Nominee Trust of Washington, D.C. for $1,000,000. The Wells Fargo Bank of Fort Mill, SC purchased a dwelling at 37 Goldfinch Drive from itself for $979,817. Kathy Dexter and Daniel Badger, Jr. of London, United Kingdom purchased a vacant lot at 91 Westchester Street from the Nantucket Westmoor Farms, LLC of Washington, DC for $960,000. Norene and David Farr, Trustees of the Norene Farr 2008 Revocable trust of Bedford, NY purchased a dwelling at 21 Longwood Drive from Ronald Nowlan and Judith Hensen of North Truro, MA for $900,000. Kara Sanler of Hoboken, NJ purchased a dwelling at 32 Lyons Lane from Francis and Anita Leto of Haverford, PA for $825,000. Eric and Laura Bradlow of Ardmore, PA purchased a dwelling at 29 Washaman Avenue from Carol Surface of Minnetrista, MN for $820,000. Koyote Realty, LLC, of New Canaan, CT purchased a vacant lot at 18 Madaket Road from Michael Emerson of Duxbury, MA for $690,000.

PEOPLE

Minutes with

Melinda Vallett

Atlantic East Real Estate

Who has been the biggest influence on your life? What lessons did they teach you? My parents.They both instilled in me the values I use every day and which I hope I am passing onto our daughter.Their house and their hearts were always open to people who were alone or may have needed a friendly shoulder. They emphasized to the four of us the importance of a good education, giving back to your community, and never giving up. My father taught me to be optimistic and look on the bright side of things. He’d always say, “Things could be a lot worse”. What do you listen to, watch and/or read to find out what’s going on in the world? I like to watch CNBC and Power Lunch if I’m home at lunchtime. MSNBC at the end of the day. Friday nights, Real Time with Bill Maher, and I listen to NPR when I’m driving around. Are you reading anything interesting now? I just finished “The Girl with the Dragon Tattoo.” I couldn’t put it down. I’m about to borrow the next one in the series.

How would you spend your ideal day? It would start with lots of sleepy snuggles with my daughter. Then we’d pack up the boat and spend the day on the water with a group of friends.We’d go tubing and water skiing, laughing until our stomachs hurt.Then we’d pull up on shore and have a picnic and watch the sun set. It doesn’t get any better than that. It’s what I think about all winter. What is your favorite beach on Island? Coatue — inside or outside beach. It’s all gorgeous. What is your Favorite Island Meal? Anything at Lola, all year long.We just love those Panko rolls! The atmosphere is always charged. What is your Favorite Walk? The Bluff Walk in ’Sconset in late winter/early spring when there’s no one around. If you could re-live a day of your life again, which would it be and why? The day they handed our daughter to us in the baby home in Russia. I was so full of fear and anxiety at being a new mother and what lay ahead. I would like to go back in time and embrace that moment more fully. How do you help a buyer celebrate their new purchase? I put a lot of thought into finding a gift that will fit their personality and their new home. Sometimes it’s a beautiful handmade throw from The Looms. Other times, I might find a door knocker that ties into a story they told me.Then we’ll go out to dinner and my husband will tell them stories about growing up here and what the island was like in the 70s.

Scott and Holly Wilson of West Hartford, CT purchased a dwelling at 6 Curlew Court from Alan and Sally David of Pittsford, NY for $654,000. The Wells Fargo Bank, FA, of Plano, TX purchased a dwelling from Laurie Richard at 40 Nobadeer Farm Road, Unit D for $602,339. William and Deborah Cohan of New York, NY purchased a dwelling at 81 Baxter Road from Bruce and Diane Ritter of Ridgefield, CT for $600,000. The Prevete Nominee Trust of Croton on Hudson, NY purchased a condominium at 47 Pleasant Street, Unit 1 from the 47 Pleasant Street Realty Trust of Nantucket for $541,000.

Christopher Roach and Corey Costa of Nantucket purchased a dwelling at 5 Hull Lane from the Deutsche Bank c/o Ablitt and Scofield, P.C. of Woburn, MA for $412,000. Ashley Roase and Jason Bonville of Nantucket purchased a condominium at 98D Hinsdale Road from the 98H, LLC of Nantucket for $395,000. Christopher Carnevale of Nantucket purchased a dwelling at 19A Essex Road from the Astoria Federal Savings and Loan of Lake Zurich, IL for $375,000.

November 4, 2010

Compiled by Peter Sutters

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Nantucket Property News

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EEL POINT ESTATE LAND

73 MAIN STREET This beautiful home offers living space on three floors. With 4 bedrooms, three full baths, lush landscaping and sunny, private patio, this home offers modern living with elegance and grace.

Wonderful 13.4 acre parcel with1/2 mile of road frontage with potential for subdivision

$9,995,000

$2,995,000

WHALING ERA HOME

ON FAIR STREET

3 bedrooms, 2.5 baths with off street parking for 3 cars. This home is being offered mostly furnished.

5 Bedrooms, 4 Baths on 3 floors of living space. Restored in 1994 and updated in 2008

$2,850,000

$2,595,000

IN TOWN HOME

CLIFF TREASURE

4 bedrooms, 4 baths. New home on shady side street, elegant designer finishes throughout.

4 bedrooms, 3.5 baths. Spacious Cape style home in pristine condition. A must see.

$2,500,000

$2,495,000

SHIMMO POND

HISTORIC TOWN HOME

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

Oversized in town lot with room for expansion and a 2nd dwelling. 4 Bedrooms, 1.5 baths off street parking and 2 bay garage.

$2,195,000 $1,700,000

SUMMER

POCOMO

NEAR SCONSET VILLAGE

Vacation home w/ 3 bedrooms, 2 baths, detached one car garage on one acre.

3 Bedrooms, 2 Baths. Very private setting on the edge of Sconset Village.

$1,425,000

$1,395,000

CROW’S NEST COTTAGE

HITHER CREEK Wonderful vacation home overlooking the Creek, 3 bedrooms, 2 baths.

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

$1,350,000 $1,295,000

SCONSET

COMFORTABLE & STYLISH

3 bedrooms, 1.5 baths in a quiet neighborhood. Easy access to the village, transportation and the beach. Potential for 2nd dwelling.

Large lot on quiet cul de sac with 3 bedrooms, 2.5 baths.

$989,000

$1,150,000

AFFORDABLE OCEAN VIEWS

WEST

TOWN

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

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

$865,000

$899,000

MODERN

NOBADEER

DESTINATION – HOME 3 bedrooms, 2 baths with room for expansion.

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

$725,000

$825,000

LAND

Sconset .26 acres $589,900 • Mid-Island

0.46 acres $495,000 •

Miacomet

0.89 acres $1,350,000

Ken Beaugrand, Owner/Broker Curtis Barnes, Chele Bayard, Yvonne Breslin, Marylyn Burns, TO VIEW ALL OF OUR FINE PROPERTIES, VISIT OUR WEBSITE AT: Marion Roland Conley, Rob Frame WWW ANTUCKET EAL STATE COM Karen Gibbs, Ginger Ivey, Pat Larrabee, Chris Magee, Gail Osona, OR EMAIL US AT: Nash Strudwick, Christine Whelden, INFO NANTUCKETREALESTATE COM Soo Woodley

NANTUCKET REAL ESTATE .N

November 4, 2010

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Nantucket Property News

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