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Martha’s Vineyard
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Martha’s Vineyard
PREMIUM PROPERTIES A publication of the Vineyard Gazette Media Group
Publisher Jane Seagrave Production Director McKinley Sanders Editorial Vanessa Czarnecki, Nicole Mercier Ad Production Jared Maciel, Jane McTeigue, McKinley Sanders Director of Sales & Marketing Skip Finley Sales Manager Frederica Carpenter Sales Executives Garrett Burt, Gary Cook, Amy Kurth Business Manager Sarah Gifford
LARRY GLICK
Dear Reader, The Martha’s Vineyard Premium Properties insert is published by the Vineyard Gazette Media Group, P.O. Box 66, Edgartown, MA 02539, vineyardgazette.com, and is distributed free on Martha’s Vineyard. Copyright 2020. No portion of this publication may be reprinted without the express written permission of the publisher. Every effort has been made to confirm the accuracy of the information in this publication, and the data is deemed reliable, but not guaranteed. For advertising and editorial inquiries, contact publisher@mvgazette.com.
ON THE COVER Jeanna Shepard photographed a waterfront home on East Chop in Oak Bluffs.
Nine years ago, we started publishing the Martha’s Vineyard Real Estate Yearbook to provide readers with a quick overview of the many real estate markets that make up the Island. Working in collaboration with LINK, Martha’s Vineyard’s multiple listing service, we compiled the most comprehensive source of market data available about real estate transactions that occurred in the year prior and organized them by town and sale price. This year, we are proud to introduce an additional publication: Martha’s Vineyard Premium Properties. This free publication offers readers a glimpse at some of the many beautiful properties currently for sale on the Island, as well as a review of recent market trends. If you’ve ever dreamed of acquiring a piece of paradise, then you’ve come to the right place. Whether you’re seeking a waterfront estate, a family compound, or a modest cabin in the woods, you will find plenty of housing opportunities. Should a property catch your eye, contact one of the many experienced real estate professionals listed on these pages, or peruse their full listings. They will assure you there’s never been a better time to settle on the Vineyard. Jane Seagrave Publisher Vineyard Gazette Media Group
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DOWN-ISLAND TOWNS EDGARTOWN Incorporated 1671, population 4,866, tax rate 3.35% The downtown area, a protected historic district, is known for its Cape Cod, Greek revival, and federal style homes. Other neighborhoods include the open plains of Katama, the marshy scrublands around Edgartown Great Pond, and the “separated island” of Chappy. Property values are highest in the downtown and waterfront areas, and more modest in the outlying wooded subdivisions.
OAK BLUFFS PROPERTY TYPES RESIDENTIAL Property types include single-family homes, multifamily homes, and condominiums. These comprise the majority of real estate sales.
SINGLE-FAMILY HOME Detached residence usually occupied by just one household or family. In some towns, single-family homes may be accompanied by guest cottages and accessory buildings owned by the same person or family. Single-family homes do not include short-term or large rental accommodations, such as hotels and inns or condominiums.
MULTI-FAMILY HOME Defined differently in each of the six Island towns, multi-family homes typically include a main residence, usually occupied by the owner of the property, and then a separate living space (such as a guest house or in-law apartment) for another family.
CONDOMINIUM Building or complex of buildings containing a number of individually owned apartments or houses. Condominium owners have full title to the individual apartment or house and a shared interest in communal areas and facilities, including outdoor space. Almost all condominium complexes have a Home Owners Association (HOA). The HOA fee often includes the cost of services such as water, trash, sewer, some insurance, and sometimes gas, maintenance, and landscaping.
LAND A land sale is any which involves a plot of land that does not presently include a dwelling or commercial structure. Depending on zoning, the lot may be suitable for development; those that are not are referred to as unbuildable lots. Land sales typically sell at a lower price than similar plots with structures present. 4
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Incorporated 1880 as Cottage City and 1907 as Oak Bluffs, population 5,734, tax rate 7.44% The Martha’s Vineyard Camp Meeting Association remains the historic center of this colorful town of gingerbread cottages and Victorian architecture. Property values are highest in the East Chop area and around Ocean Park, and more modest in the downtown village and around Lagoon Pond.
VINEYARD HAVEN Incorporated 1671 as Tisbury, population 4,654, tax rate 9.33% (residential), 8.73% (commercial) Historic homes line the Main Street area leading out to West Chop, where sprawling summer houses overlook outer Vineyard Haven Harbor. Property values are highest in the downtown historic district and on West Chop and Lake Tashmoo, and more modest along the Edgartown-Vineyard Haven Road and off the main streets.
UP-ISLAND TOWNS WEST TISBURY Incorporated 1892, population 3,172, tax rate 6.07% A general store and white-steepled church still occupy the village center, and there is a commercial village in the North Tisbury section with a grocery store, pharmacy, and post office. Property values are highest on the North Shore and along Lambert’s Cove Road, and more modest along Edgartown-West Tisbury Road and off Old County Road.
CHILMARK Incorporated 1714, population 1,064, tax rate 2.86% Coastal sheep farms and stone walls are the signature features of this town that many say bears remarkable similarity to its namesake in England. It also includes the picturesque working fishing village of Menemsha. Perhaps not surprisingly, property values are extremely high in nearly every area of town.
AQUINNAH Incorporated 1870, population 476, tax rate 6.81% Located at the western tip of the Vineyard, Aquinnah offers windswept lots and, in many areas, ocean views. Property values are highest off Moshup Trail, Lobsterville, and Lighthouse Road, and lower off State Road.
SALES SUMMARY & TRENDS
SINGLE-FAMILY HOME SALES FIVE-YEAR TREND
429
LAND USE ON MARTHA’S VINEYARD
427 418
416 379
= Protected Open Space - 42% = Developed Land - 33%
2015
2016
2017
2018
2019
= Potentially Available Land - 14% = Available Land - 11% SOURCE: MARTHA’S VINEYARD COMMISSION, SPRING 2020
SINGLE-FAMILY HOME SALES BY TOWN, 2019
TRANSACTIONS ISLAND-WIDE BY MONTH, 2019
January February March
34 25 26 32
April
51
May 45
June July
37
August
37 58
September = Edgartown - 117
= West Tisbury - 42
= Oak Bluffs - 100
= Chilmark - 30
= Vineyard Haven - 80
= Aquinnah - 10
62
October 46
November
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Antique Captain’s Gem - $6,450,000 EDGARTOWN CLASSIC antique Captain’s gem located on prestigious North Water Street in Edgartown’s historic Village, just steps away from the Edgartown Lighthouse. This home is air conditioned and well appointed while preserving the fine historic details of the period. Spacious with 6+ bedrooms and 4 full bathrooms in the main house, this property boasts a spectacular widow’s walk and a solid rental history. Harbor views, professional landscaping, and a beautiful 1200+ sq ft air conditioned guest cottage round out the wonderful features of this special property.
Classic 1840’s Edgartown Village Gem - $2,125,000 This 1840’s historic house located in Edgartown village sits on a 0.24 acre lot. This classically unique home lies just two and a half blocks from downtown Edgartown and is close to numerous amenities and beaches which make this an excellent location! The house is surrounded by a white picket fence and has ample parking. The main house features 3 bedrooms and 2 bathrooms and is one and a half stories. There is also a detached, heated garage which was built in 1988. It has an apartment above with a total living space of 616 sq ft and is 1 bed, 1 bath. This lot has a lot of potential for whatever your needs may be.
Prime Field Club Lot Katama - $2,050,000 Located in the exclusive Field Club Association, a premier Katama location, situated half way between downtown Edgartown and South Beach. A five bedroom home can be constructed on this lot. Sale of the property includes membership to the Field Club and its featured amenities including the use of the clubhouse, private dining, swimming pools, cabanas, tennis, paddle and squash courts, a full service spa, and a fitness club, as well as programs for all age groups.
Park Like Setting - $1,475,000 Terrific Edgartown location. A combined parcel totaling 1.77 gently sloping acres upon which is a charming 3 bedroom 2 1/2 bath home. With Town approvals, and septic upgrades, there is ample room for a 1 bedroom guest house. Just off the West Tisbury Road, near Morning Glory Farm, the bike path, and with easy access to Downtown and South Beach, this property is tucked away in a private, park like setting.
Custom Built with Private Guest Suite - $1,150,000 Spacious custom built home in the desirable Bold Meadow development features a 3 bedroom, 3 bath main house and an attached 2 car heated garage with a 670 sq ft 1 bedroom/1 bath guest suite above. Owner built with many finely crafted features: central vac, tongue and groove walls and ceilings, built-ins in the closets, bedrooms, and bath, and an updated kitchen with a brick grill, and stainless appliances. Must see to fully appreciate. This home would be perfect for year round or vacation living.
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matchpointproperties.com | 238 Upper Main Street, Edgartown | 508-627-7320
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Exquisite West Chop Beachfront Estate Main House, Beach House, Guest Cottage and Separate Studio | 11 Total Bedrooms + 8.5 Baths Vineyard Haven – West Chop | Point B Exclusive - $13,490,000 | www.14-22cataumet.com
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West Chop Beachfront Charmer
Stunning West Chop Water View Compound
5-Bedroom Water View Home Classic Shingle-Style Architecture Vineyard Haven – West Chop Point B Exclusive - $ 7,250,000 www.22cataumet.com
5-Bedroom Home, 1-Bedroom Cottage + Studio Beautiful Park-Like Grounds And Setting Vineyard Haven – West Chop Point B Exclusive - $6,950,000 www.14cataumet.com
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Spectacular Waterfront Compound On Historic Edgartown Harbor Ferry House 3-BR/3-BA I Dexter House 4-BR/4-BA I Separate Studio Building I Panoramic Views I Dock Slip Edgartown Village I Point B Offering - $12,950,000 | www.2-4morse.com
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Classic Captain’s Home With Deep Water Dock On Edgartown Harbor Sweeping Harbor And Lighthouse Views | 7-Bedroom, 3.5-Bath | Impressive Rental History Edgartown Village | Point B Exclusive -- $10,995,000 |www.117northwater.com
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Town & Country: Idyllic Country Estate In Edgartown 11+ Acres, 2 Lots | 6-Bedroom, 5.5-Bath Compound With Main House, Carriage House, Pool & Hot Tub Edgartown Village | Point B Exclusive - $5,250,000| www.33llewellyn.com
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Exquisite Beauty and Rare Privacy: Edgartown Great Pond Waterfront Sweeping Water Views | 4-Bedroom, 4-Bath | Private 4.19-Acres, Abuts Conservation Land Edgartown – Katama | Point B Exclusive - $5,495,000 | www.55kingspoint.com
Rare Opportunity On The Lagoon With Deep Water Dock Main House + Guest Cottage | 4-Bedroom, 4.5-Bath | Private Waterfront Setting Oak Bluffs – The Lagoon | Point B Exclusive - $4,350,000 | www.395barnes.com
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Katama Tri-Level With Superlative Views Near South Beach Expansive Main House + Carriage House | Room For A Pool | Exceptional Value Edgartown – Katama | Point B Exclusive - $2,750,000
Coastal Contemporary Near South Beach Sunset Views Toward The Ocean | 3-Bedroom, 2.5-Bath | Sunny Great Room, 2 Decks Edgartown – Katama | Point B Exclusive – $2,750,000
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Pre-Construction Opportunity: Modern Farmhouse Architect-Designed 4-Bedroom, 3.5-Bath | Open Design | Room For A Pool | Near Morning Glory Farm Edgartown | Point B Exclusive -- $2,695,000
The Sweetest Spot In West Chop Main House + Carriage House | 5-Bedroom, 5.5-Bath | Patrick Ahearn Renovation | Association Beach Vineyard Haven – West Chop | Point B Exclusive -$2,495,000
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Ultra Chic + Luxe In-Town Mixed Use Compound In Oak Bluffs Arts District 3 Residential Living Spaces | 5-Bedroom, 5.5-Bath | Multiple Commercial Office Spaces | Parking Oak Bluffs – Arts District | Point B Exclusive -- $2,195,000
Edgartown Village Historic Property With Great Opportunity Architect Patrick Ahearn Renovation Plans | Approvals For 4-Bedroom, 4-Bath + Garage With Studio Edgartown Village | Point B Exclusive - $2,095,000
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