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Nantucket Waterfront Home Sells for $42.5 Million, Setting New Island Record
Sentiment: NeutralHigh Priority
What Happened?
A historic estate in Nantucket has sold for $42.5 million, breaking the previous record of $42 million. The sale generated $850,000 for the local land bank.
Key points
- The estate at 57 Hulbert Avenue was sold on November 5, 2026.
- The property was owned by the Fife family since 1972.
- The buyer is Stella Blue Waters LLC.
- The estate includes an 8-bedroom residence and a private tennis court.
- The sale generated $850,000 for the Nantucket Islands Land Bank.
Key insights
- The sale highlights the increasing value of historic properties in Nantucket.
- The transaction contributes significantly to local land conservation efforts.
- The high sale price indicates a competitive luxury real estate market.
Market Impact
real estate
PositiveThe sale contributes positively to the local real estate market by setting a new price benchmark.
Why it matters
This sale reflects the ongoing demand for luxury waterfront properties in Nantucket.
Entities
Nantucket· LocationStella Blue Waters LLC· OrganizationFife family· Person
Source
Times of India
