Simply put, the high demand for Nantucket real estate can be attributed to Nantucket being such a special place with a finite amount of land surrounded by water. And while every property on Nantucket is exceptional, waterfront property is in its own category in terms of demand and exclusivity.
Sharing a property line with the Atlantic Ocean comes at a premium. Generally, the closer you get to the water the higher the property value and you can't get any closer than waterfront without getting wet. While waterfront properties command premium asking prices, they are excellent investments as they tend to increase in value at a higher rate. Waterfront properties can also generate substantial rental income due to extremely high demand at top rates.
While current real estate inventory is low, there are waterfront properties available. Below are exclusive waterfront listings offered by Maury People Sotheby's International Realty.
$19,995,000Polpis 8 Beds 5 Baths
256 Polpis Road is truly an exceptional offering. The main house features a generous first-floor plan, with handsome original woodwork throughout. There are just over 2000 square feet of ground cover, giving the new owner plenty of room to add a pool cabana, guest house or add on to the existing structure. Separate from the main house, there are two additional bedrooms in the charming, antique guest cottage with a lovely yard and gardens. A path meanders from the main house to the harbor, where favorite Nantucket pastimes such as boating, kayaking, canoeing, fishing, and scalloping can be enjoyed.More Details