MASSACHUSETTS — A three-house estate in Nantucket sold for a record $38,127,500, on June, 30 becoming the most expensive single-family property sold in Massachusetts.
The sellers were a Wyoming couple who bought the property for $16 million in 2006, according to Mass Live, citing public land records.
Banker & Tradesman, Listing Information Network Inc. and Compass management said the sale was the highest priced for a residential family home on Nantucket and in Massachusetts as a whole. The previous high, $36 million, was also in Nantucket.
Read more about the record-breaking property sold, as well as five of the highest home sales in Massachusetts in the last 60 days.
Record-setting Nantucket compound for $38.1 million
Dubbed “Beam Ends,” the home includes a main house and two cottages on 3.6 acres of land, including 600 feet of beach frontage overlooking the Nantucket harbor, town and Brandt Point Lighthouse in Monomoy.
There’s a total of 15,332 square feet of living space between the three properties, including 29 rooms (eight bedrooms, seven full and four half bathrooms).
The main house encompasses more than 10,000 square feet with 3,000 square feet of outdoor space for entertaining, including covered terraces and a trellised entertainment area with an outdoor kitchen and dining spaces.
Marybeth Gilmartin Baugher and Shelly Tretter Lynch were the listing agents for the property, while the buyer, listed as Nantucket Mountain, LLC, of Chelmsford, was represented by sales agent Dalton Frasier. No further information on the buyer is available.
Privacy, phenomenal craftsmanship, location and water access are what make this property, “the jewel of Nantucket,” said Gilmartin Baugher.
“Not all waterfront is the same,” she said. “While it’s beautiful, this is magical. The sunsets in the evening on the harbor with its movement, motion and sounds, bring it to life. It’s incredible.”
The sellers worked with the Historic District Commission and other island agencies to reposition and restore the Lovelace guest cottage, the original historic home on the property, built in 1910. Meanwhile, the official listing states that the residence was constructed in 2008.
The property was originally listed for $56 million last July. That was reduced to $48 million in April.
The median sales price for a single-family home in Nantucket through the first five months of this year is $1.9 million, according to Banker & Tradesman.
Nantucket, $26.8 million
Taking second place for the highest home sale in Massachusetts over the past 60 days is another waterfront Nantucket property, which sold for $26,875,000.
Built in 2004, this four-bedroom, four-bath home includes a detached garage with a finished studio above on a 2.04-acre lot and two adjoining undeveloped lots with 2.10 acres between them (one oceanfront) and about half an acre of a paper road that could be split between the two lots or assigned to either.
Weston, $11.8 million
Built in 2010, this 14,212-square-foot home has six bedrooms, seven full and three half baths and a three-car garage on 2.4 acres of land in the Weston Golf Club area.
Osterville, $10.9 million
This nearly 10,000-square-foot home contains seven bedrooms, seven full and two half baths and a three-car garage on 5.18 acres of land with a dock on Warren’s Cove. It also has a pool and tennis court. It was listed by Realtor Jack Cotton, of Sotheby’s International Realty
Wellesley, $10.5 million
This 13,501-square-foot property built in 2012 has six bedrooms, eight full and two half baths and a four-car garage on a little over one acre of land. It was listed by The Wilson Group at Compass.
Cambridge, $9.85 million
This six-bedroom, six-and-one-half-bath home was built in 1916 and covers 5,730 square feet. It was listed by Gail Roberts, Ed Feijo and Team at Coldwell Banker Realty.
Contributing: Camille Fine, Saman Shafiq, USA TODAY
