June started off strong for Maury People Sotheby's International Realty with the sale of 25 Nonantum Avenue for $26.8 million ranking it as one of the largest ever for a residential property on Nantucket.
The sale includes three lots totaling 4.5-acres on Nonantum Avenue - located between Surfside and Nobadeer beaches - featuring a four-bedroom main house and garage/studio on one two-acre lot, as well as two adjoining undeveloped lots totaling another 2-plus acres, one of which also is a beachfront property.
Overall, Nantucket real estate sales are down compared to last year at this time. While low inventory remains the dominant cause, every month this year has seen higher inventory than last year. It remains a great time for sellers to list their homes with fewer properties on the market and demand remains high. For those looking to buy, the market remains competitive but there are more properties available now than there was this time last year.
4 Beds 4 Baths
Experience the pinnacle of luxury living with this grand waterfront estate encompassing over 4.5 acres on Nantucket Island. This offering includes: (1) a main house and garage with studio above sitting on a 2.04 acre lot; (2) two adjoining undeveloped lots with 2.10 acres between them - one of the lots is OCEAN-FRONT; and (3) a half-acre +/- paper road which can be split and/or assigned to either adjoining lot. Featuring multiple living areas, this spacious home is perfect for entertaining on a grand scale. Privacy is of the utmost importance, and this estate delivers, with lush landscaping and formal gardens providing a secluded oasis. Don't miss this opportunity to own one of Nantucket's largest south-shore estates.
Floor 1: The main floor is graced with an impressive entry showcased by a double staircase, and offers both a large formal living area, and a cozy family room.