nareb journal july 2010

A publication of the Nantucket Association of Real Estate Brokers

NANTUCKETPROPERTY JOURNAL

Vol. 2 No. 2 � � July 2010

NANTUCKETPROPERTY JOURNAL

EditorDon Costanzo

ContributorsRob BenchleyJordi Cabre

Chris Edmonds

DistributionKen Turgeon

A Publication of the NantucketAssociation of Real Estate Brokers

PresidentBill Liddle

Vice PresidentKen Beaugrand

Past PresidentPenny Dey

TreasurerBernie Coffin

SecretaryDalton Frazier

Members at LargeKenneth Lindsay & David Boyce

ON THE COVERthe arwork of Elizabeth Congdon

“Up to the Sky” 18 x 18 oil on linen

July 2010 • Nantucket Property Journal • 3

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Nantucket Property Journal is published four times a year by the Nantucket Association of Real Estate Brokers and is distributed free on

Nantucket. All content of this magazine, includingwithout limitation the design, advertisements, art,

photos and editorial content is Copyright “C” 2010,NAREB. No portion of this magazine may becopied or reprinted without the express written permission of the publisher. Nantucket Property

Journal is a registered trademark of NAREB,PO Box 335, Nantucket, MA 02554.

For advertising and editorial inquiries, contact:Editor Don Costanzo at [email protected]

Artist Elizabeth Congdon has an affinity forFrench Impressionist and Italian Renaissance

techniques. Working with natural tea-toned linenshe creates paintings of vibrant color and texture.

Drawn to paint outdoors on Nantucket in what shecalls “the last hurrah of afternoon light”, she returns

often to Gibbs Pond and the moors to capture in paint a message of “ heart, hope, and beauty.”Her studio still life paintings express the same message in a rich mix of flowers, fabrics, familyheirlooms, and mystery in a pure and saturated

palette. The opening of the artist’s show at SouthWharf Gallery, 3 India Street, is Friday, July 10.

www.southwharfgallery.com.

69 State of the Market Real Estate insight and analysis

30 Conserve & Protect Maintaining balance

CO

NT

EN

TS

2 Christopher’s Home Furnishings

4 Island Properties

6 Jordan Real Estate

11 Gary Winn

12 J Pepper Frazier Co.

16 Lee Rreal Estate

18 Killen Real Estate

21 Chandra Miller

22 Cooper Shepherd Real Estate

24 Great Point Properties

26 Country Village Real Estate

27 Bill Liddle

28 Maury People/Sotheby’s

42 Congdon & Coleman Real Estate

46 Linda Bellevue

48 Tom Weinstock

49 Marybeth Gibson

50 Mimi Huber

51 Compass Rose Real Estate

54 AtlanticEast Real Estate

60 Heidi Drew

61 Penny Dey

62 Nantucket Real Estate

65 Michael Angelastro

66 Bamber Real Estate

67 Coffin Real Estate

68 Westbrook Real Estate

70 Critter Cruise

71 Windwalker Real Estate

72 Cam Gammill

73 ACK Broker

75 Mary Malavase

75 Welch & Associates Inc. RG

76 AB Norton Fine Homebuilding

76 Edith Delker Real Estate

76 Barbara Clarke

79 Debbie Clevelend

79 Denby Real Estate

79 Nantucket Comedy Festival

82 Craig Hawkins

ISLAND PROPERTIES508.228.6999 35A Old South Road, NantucketMichael O’Mara | Elizabeth Almodobar | Debbie Cleveland | Ed GillumHal Herrick | Michael Reilly | Robert Sarkisian | Portia Valero | Harry Fraker-Retired

Delightful 3 bedroom home with 1bedroom cottage located on beautiful-ly landscaped 2.78 acres of property onSesachacha Pond. The home overlooksSankaty Lighthouse with the ocean asbackground. Guest cottage hasattached garage.

Quidnet Pond $9,500,000

Remarkable! High-quality, custom-builthome in prestigious Cliff area. This prop-erty offers an outstanding location onthe North side of Cliff Road with easyaccess to town and nearby beaches.Just 1 mile outside of town, with magnif-icent views of Nantucket Sound.

Cliff Road $3,395,000

On almost 3 acres, the views out overConservation land are stunning! Themain house has 4 bedrooms all en suite,cherry wood floors, central a/c and theguest cottage has 2 bedrooms/2 bath-rooms plus a full kitchen; 2-car garage.Many decks. Guest cottage.

Polpis $3,495,000

Lovely Pond front home in a verydesirable and “beachy” location.Great views from every room in thehouse. This 4 bedroom, 3.5 bathhome enjoys a large south facingdeck. There is plenty of room for aguest house or expansion.

Miacomet Pond $2,195,000

This waterfront property with exist-ing home is two separate lots withover 2.7 acres providing ampleopportunities. Great views of Harborand private beach stairs access thebeach below. Each lot could have itsown private staircase to the Harbor.

Pocomo $7,900,000

This cleverly-designed custom homeis set back from the road for maxi-mum privacy; a beautiful shell drive-way leads you to the attached 2-cargarage. Completely renovated in late-1999 by Buzz Cosgriff. Easy access toSurfside beach and Town

Surfside $1,495,000

Property is currently 2 oversized lots, oneof which has a home on it. Unarguablythe Island's finest neighborhood. Accessto Steps Beach is a couple of minutesaway by foot. Kimball Avenue is a deadend road which insures privacy. A 4 lotANR subdivision is possible.

Lincoln Circle Area $8,950,000

A wonderful renovated home in the Hillsof Monomoy on a very private acre.Custom-Built 4 bedroom 3.5 bathroomhome featuring a fireplace, a FarmersPorch and a screened-in porch. Abilityto build a second dwelling. Monomoy’sbest buy!

Monomoy $2,650,000

Upper Main Street antique home onoversized lot has ample room for expan-sion. Historic, lovingly-maintained homeis filled with details of ages Past. Deep,brick driveway, large side and rear yard,detached garage and separate ShedEquipped with Generator.

Town $1,995,000

This property has a reduced price of$998,000. Also, if we could change thelast two sentences of the write-up to readas follows: Currently, property functionsas two, 2 bedroom units which could alsobe purchased separately as follows: UnitA $475,000; Unit B $525,000.

Town $998,000

SALES & RENTALS | www.islandpropertiesre.com | WE CAN SHOW YOU ANY PROPERTY LISTED ON NANTUCKET

Conveniently located near schools in awell established neighborhood. FourBedroom home with two bedroomaccessory apartment. Front Unit ren-ovated in 2010. Spacious front andback yard.

Mid-Island $775,000

Tucked away on a white-shell drive, thiswell-maintained 3/3 home is convenientlylocated near the Community Pool andTennis Courts. Featuring a wonderfulSouth-facing back patio, this home isbeing offered mostly furnished and isturn-key for easy living.

Nashaquisset $825,000

Charming, single family home on over-sized lot with plenty of room for expan-sion or second dwelling. Lovely, brickpatio.. Mature landscaping, beautifulperennials and garden. Convenient to bikepaths, public transportation and nearbyLand Bank property.

Mid-Island $745,000

A Charming In-Town Home offeringseveral living areas & a lovely privateyard. This property is situated on anover sized lot with plenty of room forexpansion. Located a short distanceto the Lily Pond & Down Town. Strongestablished rental history.

Town $1,099,000

Extremely desirable lot within the limits of Lincoln Circle. Easy walking access to Steps Beach, Jetties Beach, Town and the Clubs. Located on a quiet street in the desirable Cliff Area. Great opportunity to own a “family legacy” property.

Lincoln Circle Land $1,399,000

This adorable 2-bedroom/2-bath cottagewas built in 1989 and there is plenty ofground cover available for future expan-sion. Town sewer available and conve-niently located on Appleton Road. Yardhas been professionally landscaped andhas nice SW exposure.

Mid-Island $675,000

Custom-designed House, Studio/garage,and a separate one-car garage perched ona high hill in Dionis. Multiple decks andporches, including one with outdoor fireplace ideal for entertaining. Abutsacres of Land Bank open land. A short dis-tance to a great Sound beach.

Dionis $2,875,000

ISLAND PROPERTIES508.228.6999 35A Old South Road, NantucketMichael O’Mara | Elizabeth Almodobar | Debbie Cleveland | Ed GillumHal Herrick | Michael Reilly | Robert Sarkisian | Portia Valero | Harry Fraker-Retired

Located in private setting on 5.7 acres in Pocomo with the island’s bestviews looking back into Town. This 6 bedroom, 6.5 bath property, which is inremarkable condition, boasts 1200 feet (+/-) of water frontage on NantucketHarbor. No details were spared in the creation of this exquisitely designed gem.

Harborfront Estate

SALES & RENTALS | www.islandpropertiesre.com | WE CAN SHOW YOU ANY PROPERTY LISTED ON NANTUCKET

Rare Brant Point Building Lot near Cliffside Beach Club. Price includes Milton Rowland & Associates HDC approved plans for a 5 Bedroom Home.

Brant Point Lot$1,800,000

Beautiful, large Harborfront parcel on Hither Creek with “licensed” pierwith float; extensive views of Esther’s Island, Tuckernuck and MadaketHarbor. This charming, old-style Madaket home features a vast, dramaticlawn that leads down to the water. Enjoy the beauty of the property whilerelaxing on the attached 50' x 20' wooden back deck.

Madaket - Hither Creek $5,950,000

This unique property sits at the edge of Hither Creek. A large outdoor deckand a private dock provide ample space to get out and enjoy the naturalbeauty; also included is a private mooring in the Creek. The property wastastefully renovated to maintain its island charm while offering up-to-dateappliances and appointments.

Madaket - Hither Creek $3,999,000

This well built Custom Beach Home has it all, a great construction technique, lay-out, super views of Wauwinet Harbor and deeded beach access which is 150'away. Wauwinet Harbor is perfect for swimming, boating, kayaking, windsurfing,as well as fishing and clamming.

Pocomo $3,745,000

The Harrison Gray House, currently run as an historic B&B and part of theJared Coffin House, offers the convenience of living in the heart ofNantucket Town. With the wonderful large side yard and potential ofoff-street parking and residential living, this building with three floorsof living space can certainly accommodate an extended family gathering.

Town $3,500,000

Total privacy and tranquility on nearly three acres. Alluring and attractive, light andairy, modern minimalist, custom built home- fine craftsmanship and exquisite detailthroughout. Simple and elegant design with white color theme. Room for all withadditional 4 bedroom, 3 bath guest house; large pool and terrace; Cabana bar; walk-ing trails; manicured landscape; plenty of room for private Tennis on site.

Tom Nevers $2,695,000

Dionis • $9,500,000 • 5 Bedroom Waterfront Sconset • $5,995,000 • 6 Bdrm Main House, 2 Bdrm Cottage

6 • Nantucket Property Journal • July 2010

Eight Federal Street • Nantucket, MA 02554 • 508.228.4449

w w w . j o r d a n r e . c o m

Exclusive listings of . . .

Tom Nevers • $4,350,000 • 4 Bedrooms, 4 Baths Waterfront Dionis • $3,350,000 • 4 Plus Bedrooms, 4 1/2 Baths

Quaise • $3,300,000 • 5 Bedrooms, 4 1/2 Baths




Brant Point • $1,795,000 • 3 Bedrooms, 2 Baths Town • $1,995,000 • 5 Bedrooms, 4 1/2 Baths

Mid Island • $699,000 • 3 Bedrooms, 2 1/2 Baths Naushop • $985,000 • 3 Bedrooms, 3 1/2 Baths

Naushop • $735,000 • 3 Bedrooms, 2 1/2 Baths Mid Island • $695,000 • 4 Bedrooms, 3 Baths





Madaket • $1,075,000 • 3 Bedrooms, 2 Baths Madaket • $1,495,000 • 4 Bedrooms, 4 Baths

Madaket • $1,795,000 • 4 Bedrooms, 3 Baths Dionis • $1,925,000 • 4 Bedrooms, 3 1/2 Baths

Pocomo • $2,475,000 • 4 Bedrooms, 3 Baths Cisco • $1,850,000 • 4 Bedrooms, 3 1/2 Baths





Town • $3,695,000 • 7 Bedrooms, 4 1/2 Baths Cliff • $5,900,000 • 4 Bedrooms, 5 1/2 Baths

Town • $2,625,000 • 4 Bedrooms, 4 Baths Town • $3,199,000 • 5 Bedrooms, 4 1/2 Baths

Cisco • $2,795,000 • 5 Bedrooms, 3 Baths Surfside • $2,595,000 • 4 Plus Bedrooms, 6 1/2 Baths


Exceptional Estate

Shawkemo • $12,950,000 • 6 Bedrooms, 9 Baths, 3 Powder Rooms



Exclusive listing of . . .

Gary Winn

SQUAM CLIFF

CISCO TOM NEVERS

CLIFF

SQUAM

POLPIS

CLIFF

STILLDOCKCLIFFROAD

CLIFFAREA

COMMERCIAL BUILDING& LOT

SURFSIDE VIEWS

MADAKET

CLASSIC BRANT POINT

OFFICE BUILDING

MID-ISLANDBRANTPOINT

$1,495,0002 bedrooms, 2.5 baths





$995,0003 bedroms, 1 bath

$1,550,0003 bedrooms, 2 baths

$950,0002 bedrooms, 1 bath

$995,0003 baths

$765,0003 bedrooms, 2 baths

$475,000.5 baths

$800,0002 bedrooms, 1 bath

DEBORAH KILLEN • ROBERT YOUNG • BRUCE BENI • EUGENIE VOORHEES • JOSHUA LOTHANMember of Nantucket Association of Real Estate Brokers. We can show you any property listed on Nantucket

10 Easy Street, Nantucket MA508-228-0976 • fax 508-228-5961Please check our website for more information

www.killenrealestate.com

AMELIACOMMERCIAL

BRANTPOINT

PARK CIRCLE

$399,0003 bedrooms, 2.5 baths

COMMERCIALBUILDING


MILKSTREET

$1,450,0002 bedrooms, 2 baths

SURFSIDE ROAD

$825,0005 bedrooms, 3.5 baths


www.killenrealestate.comPOND FRONT & OCEAN VIEWS HOUSE & COTTAGE

$9,500,000 4 bedrooms, 5.5 baths

CLIFF ROAD


HARBOR VIEWS - MONOMOY


POCOMO WATERFRONT


INDIA STREET

$3,895,000 5/6 bedrooms, 5 baths


$7,900,000 6 bedrooms, 7 baths

L A N DCOMMERCIAL LAND

Newly created commercially zoned lot outside of the aquifer protection zone.$1,599,000


MID ISLAND LOTS$265,000 $375,00 $500,000

Call for details


www.killenrealestate.com

NORTH LIBERTY





HARBOR VIEWS


UNIQUE ON BRANT POINT


WALSH STREET


POLPIS SCHOOL HOUSE


Chandra Miller, [email protected] 508.360.7777www.coffinrealestate.com

Estate Setting,Top of Main

A estate setting with anoption to build a pool.

This beautiful one acre pluslot is moments to Nantucket

town. Replete with seven bedrooms, five baths,

private decks, roof-walk, finished basement, top of

the line kitchen appliances.This property has an

outstanding rental history.

$2,950,000

Rare opportunity in Sconset! Potential second floor water views from one of Codfish Park's largest land parcels.

Three existing structures. HDC approved plans.

$1,195,000

Little Starbuck is the epitome of charm in ’Sconset village. Enjoy this immaculately maintained home with all it has to offer.

Three bedrooms and two and a half baths.

$1,895,000


Exclusive Listings ~ Great BuysExclusive Listings ~ Great Buys

Cooper

Shepherd

Real Estate

Sales & Vacation Rentals

PLEASE CALL FOR DETAILSZERO MAIN STREET NANTUCKET, MA | WWW.COOPERSHEPHERD.COM | 508-228-5668

Brant Point 2,365,000 Brant Point 2,295,000 Town 1,695,000

Town 1,399,000 Town 1,195,000 Cliff Condo 799,000

Town Condo 690,000 Scoset Land 1,200,000 House & Cottage 995,000

Cooper

Shepherd

Cooper

Shepherd

Real Estate

Sales & Vacation RentalsTown

3,850,000

Fisher’s Landing

997,000

Waterviews in Madaket

850,000

PLEASE CALL FOR DETAILSZERO MAIN STREET NANTUCKET, MA | WWW.COOPERSHEPHERD.COM | 508-228-5668

Sand EelThis private, waterfront property is less than 1 mile to SouthShore beaches. Fish from your backyard with 75' of waterfrontage or canoe to Miacomet beach. This 4 bedroomhome is very clean and crisp with bead board throughout.There are mahogany floors, stainless steel appliances, 3floors of living space, including a finished basement with anadditional kitchen. Enjoy cooking, dining and living with theopen floor plan and water vi ews from almost every room.Enjoy the peaceful setting of f the l arge mahogany deckthat runs the length of the house and overlooks the pond.

$1,249,000

Cliff EstateGracious Milton Rowland designed custom-builthome located at the end of a long drive. Property iscomprised of two lots, totaling two and a half acres inhalf-acre zoning. The house has an inviting casualelegance that flows onto outdoor living spaces andtakes advantage of the ample lawns, terraces andgardens. The living spaces are generous in size andenjoy natural light. The unique nature of this proper-ty offers many options for the new owner .

$7,900,000

Hummock Pond

Exceptional Cisco property in impeccable conditionwith beautiful enclosed gardens featuring a custompool, spa and koi pond and views of hummock Pondand the ocean. Cisco beach is an easy bike ride orstroll aw ay and Bartlett's Farm, Sandole's FishMarket and Cisco Brewery are nearby too.

$3,295,000

Brant Point Sanctuary

Located only moments from Town, Children's Beachand Jetties Beach, this home of fers the perfectvenue to create the memories that last a lifetime.Being of fered fully furnished and appointed. Readyfor immediate enjoyment.

$2,050,000

Blueberry Hill

Creatively designed and flawlessly ex ecuted this homessits on seven magnific ent acres. The custom built home,nestled in serene privacy, is a nature lover's paradise. Thegrounds include excellent outdoor living and entertainingareas including a fire-pit, rolling topography , herb gardensand winding paths amongst the Tupelo Forest. Aterrific andrare offering. Plenty of room for a guest house, pool andbarn with a nine bedroom septic in place.

$6,900,000

Pond View

This four bedroom, th ree bath ma in house and t wo bed-room guest house are situated on 1 3/4 very private acresabutting Nantucket Land Bank L and. The ma in houseoffers distant second floor ocean views over the Land Bankland.

$2,275,000

Edward Sanford Bill Liddle Greg McKechnie Debbie Deeley Culbertson Tracy CullinaneLiz Finlay Laura Fletcher Cam Gammill Julie Gasco Dawn Holdgate Wayne Howington Barbara Joyce Nina Hallowell Liddle Carl Lindvall Nichole Marks Sam Parsons Stuart Reid Amanda Tosch Phil Witte

508 228 2266


Crows Nest

Private three bedroom Wauwinet area home with a large,lovely yard and gardens with separate yard areas.Additional ground cover remaining. Deeded beach access.

$1,950,000

Peaceful & Practical

This property boasts privacy and practicality .Located at the end of a quiet street in a peacefulneighborhood, the house has been wonderfully main-tained, features lovely gardens and yard, and theinterior is flooded with natural light. A large back stu-dio is used for an in home business and offers a num-ber of possibilities.

$859,000

Sleepy Hollow

Rambling single story in town home several blocks toUpper Main Street. This four bedroom home is tuckedin on a quiet side street and features a wonderfulcourtyard garden and an enclosed terrace that is wellsuited for outdoor dining. The house was updated inthe 1990s and has bright and open living spaces anda recently renovated kitchen with granite counters and stainless appliances.

$1,495,000

Cliff

Heirloom of fering in a truly exceptional location onhighly sought after Lincoln Circle perched on the Cliffwith views over the harbor's entry to Great Point andbeyond. This over-sized property runs from LincolnAvenue down to Jef ferson Avenue which ensuresopen views and outdoor space rarely available in thisneighborhood.

$12,900,000

Old Westmoor Farm

Beautifully constructed new Cliff area home situated on ahalf acre lot moments from the Westmoor Club and con-veniences of town. Perfectly accented with handsome fin-ish detailing, modern amenities and pastoral landscaping.This five bedroom, five an d a half bath home has op enliving spa ces, a lo vely kitchen with custom cabinetry ,porches and a patio.

$3,395,000

Madaket

Classic Madaket Harbor front cottage. This open studthree bedroom cottage capture the essence of sum-mer with its simple charm and spectacular views.This offering is comprised of two separate parcels on1.3 waterfront parcel and one directly acrossMassachusetts Avenue, the combination providesversatility and privacy.

$2,695,000

w w w . g r e a t p o i n t p r o p e r t i e s . c o m

508 228 2266


N a n t u c k e t O f f i c e1 2 S t r a i g h t W h a r f ( B o t t o m o f M a i n )

‘ S c o n s e t O f f i c e1 0 M a i n S t r e e t ( B y ’ S c o n s e t R o t a r y )

Nantucket St. Barth’s Stowe Harbour Island Lyford Cay

COUNTRY VILLAGE REAL ESTATETOWN $2,385,000

MADEQUECHAM $2,750,000

SURFSIDE $1,395,000

CLIFF $1,495,000

MADAKET $899,000

SURFSIDE $995,000

MADAKET $1,199,000

SURFSIDE $895,000

TOWN $1,249,000

C.E.O.

John

Partner

Joseph

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GREAT POINT PROPERTIESR E N T A L S & S A L E S

GREAT POINT PROPERTIESR E N T A L S & S A L E S

Exceptional Oceanfront Estate with Gracious Amenities Located in a Stunning Setting

$23,500,000Listed by Bill Liddle

1 North Beach Street Nantucket Massachusetts 02554508.228.0890

www.greatpointproperties.com

POCOMO

37 Main StreetNantucket Island

Massachusetts, 02554

Tel: 508.228.1881 Fax: 508.228.1481

[email protected]

TOWN$3,995,000 Gary Winn

SURFSIDE$2,425,000 Kathy Gallaher

TOM NEVERS$3,795,000 Gary Winn

CISCO$3,745,000 Gary Winn

CISCO$3,475,000 Craig Hawkins

SHIMMO$3,395,000 Craig Hawkins

SHIMMO - $2,950,000 Kathy Gallaher & Gary Winn

TOWN$3,475,000 Craig Hawkins

SCONSET - $2,695,000 Gary Winn & Susan Chambers

TOM NEVERS - $2,395,000 Brian Sullivan & Bernadette Maglione



MADAKET - $3,295,000Donna Barnett & Gary Winn


MADKET$2,950,000 Brian Sullivan

BRANT POINT - $2,400,000 Wayne Viera & Gary Winn


SURFSIDE - $1,595,000 Donna Barnett & Sheila Carroll

HUMMOCK POND$1,495,000 Graeden Ambrose

SURFSIDE - $1,950,000 Bernadette Maglione

QUAISE$2,625,000 Craig Hawkins

CISCO$1,595,000 Bonnie Rizzo


TOM NEVERS - $1,495,000 Kathryn Hatcher

TOWN$3,975,000 Juliet Hunter

Conserve ProtectAND

Even in these challenging economic times,valuable space dwindles and Nantucket’s conservation groups work to maintain a balance.

October clouds cruise over the “Serengeti,” so-called because of its resemblance to Africa’s savanna grasslands. Part of the Nantucket Conservation Foundation’sMiddle Moors properties adjacent to Milestone Road, the area is regularly mowedto dissuade pervasive scrub oak.


A central feature at NCF’s 110-acre Nantucket Field Station is Folger's Marsh, where twice-daily tidal flooding creates a rich habitat for organisms small and large, including this great egret.


BY CHRIS EDMONDS

PHOTOGRAPHS BY ROB BENCHLEY

About half, or nearly half.That’s the usual estimate for how much of Nantucket

is protected through conservation. The figure may vary,but what doesn’t is the fact that a substantial portion

of the Grey Lady will remain exactly how it is for a very, very long time.

For such a small place, there’s a surprisingly large number ofgroups working in cooperation to safeguard the island’s treasuredresources – the Nantucket Conservation Foundation, theNantucket Islands Land Bank, Trustees of Reservations, theNantucket Land Council, Mass Audubon and the Sconset Trustcollectively protect close to 15,000 acres.

“There’s almost no greater gift to Nantucket than the conserva-tion movement,” said Bob Felch, executive director of the SconsetTrust. “Conservation is something Nantucketers of all stripes canbe proud of.”

BALANCING ACTIn addition to conservation, Nantucket faces the reality of

ensuring its economy develops in such a way that the islandremains a place where people can and want to live. Removingswaths of developable land from the real estate market, however,doesn’t preclude that goal. In some ways, it enhances it.

“People come here for the quality of life because there is pro-tected land,” said Jim Lentowski, executive director of the

Conservation Foundation, the island’s largest conserved holder.For Andrew Vorce, the director of the Nantucket Planning

Office and the Nantucket Planning and EconomicDevelopment Commission, striking the balance between con-servation and growth has much to do with working with what’salready there.

“We’re trying to build with what’s already occurred,” Vorce said.“If, for instance, there’s an area with existing commercial activity,we try to encourage expansion in that area without establishing theactivity in new places.”

The town’s Master Plan, which was approved by Town Meetingin 2009, encourages smart growth and careful management ofresources.

“You have to encourage growth in your community, but, wisely,not allow sprawl on every square inch of the island,” Vorce said.“There need to be areas for businesses, young people, music andnoise, and all the other things that keep Nantucket going, butthere are other areas where no activity should go on. The balancehas to be there.”

Wild daisies spring up along Red Barn Road inthe Conservation Foundation’s expansive Head of the Plains properties near Madaket. Known assandplain grasslands, these areas are home to anumber of rare and endangered plant species.

Standing, from left, are:Andrew Vorce, director of planning of the Nantucket Planning and Economic Development Commission; Dr. Sarah Oktay, managingdirector of the UMass Boston Nantucket Field Station, also known as the Grace Grossman Environmental Center; Jim Lentowski, executive director of theNantucket Conservation Foundation; Eric Savetsky, executive director of the Nantucket Islands Land Bank. In front, from left, are: Ernie Steinauer, sanctuary

director of Mass Audubon; Bob Felch, executive director of the Sconset Trust; Cormac Collier, executive director of the Nantucket Land Council.

MAJOR PLAYERS IN CONSERVATION

1963

Executive Director: Jim Lentowski

8,858

59.8%

UMass Field Station, Sanford Farm,Tuppancy Links

Preserve permanently open spaces on Nantucket

www.nantucketconservation.com

1983

Executive director: Eric Savetsky

2,733*

18.5%

Smooth Hummocks Preserve, GardnerFarm

To acquire, hold and manage open spacesfor public use and enjoyment

www.nantucketlandbank.org

Nationally, 1890; on Nantucket, 1974

Property manager: Diane Lang

1,117

7.6%

Coskata-Coatue Wildlife Refuge

To preserve land for public use

http://tiny.cc/5x483

1974

Executive Director: Cormac Collier

More than 1,050

Percent of total: 7.1%

Linda Loring property,Tuckernuck

To protect Nantucket’s natural world and rural character

www.nantucketlandcouncil.org

1869; on Nantucket 1975

Sanctuary Director: Ernie Steinauer

About 950

6.4%

Sesachacha Heathlands Wildlife Sanctuary

To protect nature for people and wildlife

http://tiny.cc/6l69i

1984

Executive Director: Bob Felch

84

0.6%

Parcels within Sconset,Sankaty Head Lighthouse

To preserve the character of the east end of the island

www.sconsettrust.org

Nantucket Conservation Foundation Nantucket Islands Land Bank The Trustees of Reservations

Nantucket Land Council Mass. Audubon Sconset Trust

BEGAN

LEADER

ACRES

% OF TOTAL

MAJOR HOLDINGS

MISSION

WEB SITE

BEGAN

LEADER

ACRES

% OF TOTAL

MAJOR HOLDINGS

MISSION

WEB SITE* Figure includes 179 acres with conservation restrictions held by the Land Bank

OPEN MARKETMany of the island’s conservation groups contend with another

balance: between what properties they wish to protect and what prop-erties they can afford to protect. While donations have fueled much ofthe conservation movement’s accomplishments, especially in its form-ative years, rising land values and a troubled economy have recentlycombined to make obtaining land a more difficult proposition.

“We’re less into land acquisition now and more into land man-agement,” said Lentowski of the Conservation Foundation, whichhas protected nearly 8,900 acres since the organization was foundedin 1963.

Major purchases remain a reality, but millions of dollars must beraised to compete in the island’s real estate market. When theConservation Foundation made the decision to buy the Universityof Massachusetts Field Station six years, it had to set about raising$22 million to pay for it.

The Conservation Foundation isn’t alone in making big buys.The Nantucket Land Council paid $14 million in 2007 for conser-vation restrictions — negotiated easements where a group holds acertain right to a property — on the 270-acre Linda Loring proper-

ty on Eel Point Road.In 2009, the Nantucket Islands Land Bank, which draws revenue

from a 2-percent fee on most real property transfers, spent $5 mil-lion on a 1.4-acre property on Orange Street and $4 million on a 13-acre property on Polpis Road.

The Land Bank must contend not only with high land values butalso with a slow real estate market. A more active market meansgreater revenue for the Land Bank. The current market means “it’snow where we really have to carefully pick and choose, and knowthat we can’t do everything we want to do,” said Land BankExecutive Director Eric Savetsky.

No group was immune from the recession, which left land andrestriction acquisition “somewhat stalled,” according to CormacCollier, executive director of the Land Council.

Activity has picked up recently, but “the recent downturn hasmade people re-think about their property assets on Nantucket andpotentially have that as a fall-back position,” Collier said.

Slowed but not stopped, the Land Council was in June nearingthe completion of purchasing Muskeget Island for $100,000, whichit was buying in conjunction with the Town of Nantucket.

About half of Nantucket is conserved, butthe figure varies depending on who you askand how you define “conserved.”

Nantucket Planner Andrew Vorce puts thefigure at about 60 percent based on theAssessors Department records of exemptproperties, which include parcels owned bygroups such as the Conservation Foundationand the Land Bank, and publicly ownedparcels such as cemeteries and airport runwaysthat are unlikely to be developed.

Eric Savetsky, executive director of theLand Bank, said the conservation communi-ty believes the number to be 40 percent to 45percent “that’s truly protected open space.”

The Conservation Foundation, in its litera-ture, puts the figure at about 45 percent ofthe island’s land area.

The figure here – about 49 percent – comesfrom adding the acres held by the ConservationFoundation, the Land Bank, the Land Council,Trustees of Reservations, the Sconset Trust andMass Audubon and dividing that by 30,600acres, the island’s approximate land area basedon the 2000 Census. Perhaps oversimplified,the figure still sits in that “about half ” estimate.

A B O U T

HALFHOW MUCH IS CONSERVED?

Put into operation in 1850, Sankaty Head lighthouse was moved away from its eroding bluff in 2007.Now owned by the 'Sconset Trust, the 11-acre park is open to the public and offers broad views ofthe moors and the Atlantic.


Brilliant (forNantucket) fallcolors ring theedge of one of the"Pout" ponds westof Altar Rock.

PROTECTING ‘CHARACTER’Regardless of the size of a property, the cost of its purchase or the

type of conservation restriction on it, the goal is common: to protectNantucket as it is. That extends beyond dirt, sand and trees and intoa more abstract idea of “character.”

The Sconset Trust, which grew out of the ConservationFoundation in 1984, has as its mission to preserve the character ofSconset. That means purchasing 84 acres, but it also means purchas-ing Sankaty Head Lighthouse in 2007. Were it to have lost thelighthouse, Nantucket would have lost an icon.

In a similar way, the Land Bank has developed a niche in protect-ing open spaces with an emphasis on public use and public access,especially to the waterfront. Trustees of Reservations, likewise,ensures public access on the more than 1,000 acres in the Coskata-Coatue Wildlife Refuge, which was established in 1974 through aseries of gifts from landowners. Again, a balance is sought betweenuse and protection.

“The owners never wanted to restrict public access, but the areawas in need of management as use was increasing (in the 1970s),”said Diane Lang, property manager at the refuge.

Just as conserving Sankaty Head Lighthouse protectsNantucket’s character, so does preserving Coskata-Coatue as a placefor fishing, beach-going, and recreation in a managed wildliferefuge.

PERFECT LABWhile conservation encompasses more than the land itself, eco-

logical protection remains at the forefront of the movement. This isespecially true on Nantucket where relative isolation from the main-land presents researchers and the non-scientifically-inclined alikewith precious — and sometimes unique — habitats, flora and fauna.

“Nantucket is the perfect laboratory,” said Sarah Oktay, a chemi-cal oceanographer and managing director of the UMass FieldStation, noting that nearly all of the world’s sandplain grasslandshabitat is found on Nantucket.

Several groups — including the Field Station, the Maria MitchellAssociation, and Mass Audubon — have formed the NantucketBiodiversity Initiative.The initiative serves as an umbrella organizationthat works with the Land Bank to manage invasive species, accordingto Ernie Steinauer, a plant ecologist and sanctuary director for Mass

Coskata Pond is part of theCoskata-Coatue Wildlife Refuge,a property of the Trustees ofReservations. From the south-ern edge of the pond, the viewhere is towards the northeasttowards the Glades and thedunes north of Wauwinet.

47.81 sq. miles or about 30,600 acresNantucket’s land area (2000 Census)

About 32Percent of developed land: about 32

7.8Percent of vacant land: 7.8

About 60Percent remaining: about 60

14,792Acres conserved by major organizations

About 49Percent of island conserved by majororganizations based on total land area

B Y T H E

NUMBERSGROWTH POTENTIAL

So if nearly or about half the island has been protected, what’s left? The answer, interms of undeveloped parcels, isn’t much. Citing Assessors Department records, Vorceof the Planning Office and the NP&EDC said vacant parcels account for 7.8 percentof the island’s land area. Based on the size of the island – about 30,600 acres, accordingto the 2000 Census – that 7.8 percent translates to about 2,400 acres.

As a guess, Vorce said he imagines that land will “probably end up split 60/40, with60 percent open space and 40 percent developed.”

Savetsky at the Land Bank sees conservation holdings growing, as well. Pegging thefigure of “truly protected open space” at 40 percent to 45 percent, “in reality, it mightcreep closer to 50 percent” in the future.

But, he said, “the cost (of land) is so high that it makes it difficult. It’s going to takea lot more effort” to conserve land.

Still, there are large properties available or ones that could become available, includ-ing the 190-acre Coast Guard’s LORAN station and 120 acres on Milestone Road inSconset. Whether such parcels will end up in conservation remains to be seen.

“A common comment is, ‘We’ve had enough of conservation. Do we need more?’And I would say, ‘Yes,’” said Felch of the Sconset Trust. “There are some large parcelsout there in undeveloped areas that absolutely should be conserved. We just need to finda way to work with the owners to do that.” �

Wet snow clings to a split-rail fence and a stand of trees at the edge of NCF's Middle Moors property.


57 MAIN ST. NANTUCKET, MA 02554 | PHONE: (508) 325-5000 | WWW.CONGDONANDCOLEMAN.COM


6 bedrooms, 7 full baths, 2 half bathsListing Agent: Matt Payne

TOWN $7,495,000

4 bedrooms, 4.5 bathsListing Agent: Anne Gifford

SHIMMO $3,495,000

4 bedrooms, 3 bathsListing Agent: Dan Barber

QUIDNET $3,450,000

5 bedrooms, 4.5 bathsListing Agents: Dan Barber

MONOMOY $3,895,000


Tom Kennelly, President, Dan Barber, Linda Bellevue, CBR, GRI

Mimi Congdon, Rick Donnellan, Marybeth Gibson, Anne Gifford

Michael Gunson, Mimi Huber, CBR, GRI, Keri Kalman

Joyce Montalbano, GRI, Matt Payne, John Trudel, Tom Weinstock


4 bedrooms, 6.5 bathsListing Agents: Linda Bellevue/John Trudel, Owner

WAUWINET $2,995,000

4 bedrooms, 3.5 bathsListing Agent: Rick Donnellan

TOM NEVERS $1,875,000

3/4 bedrooms, 3 bathsListing Agent: Rick Donnellan


Serene 1.64 acre vacant lotListing Agents: Matt Payne/Tom Kennelly

WEST OF TOWN $2,500,000



“Sea Forever” Endless Ocean ViewsListing Agent: Rick Donnellan


2 bedrooms, 1.5 bathsListing Agent: Linda Bellevue

TOWN $1,495,000

3 bedrooms, 2.5 bathsListing Agent: Matt Payne

TOWN $1,395,000

3 bedrooms, 2 bathsListing Agent: Marybeth Gibson

WEST OF TOWN $1,200,000

4 bedrooms, 2.5 bathsListing Agent: Mike Gunson

NAUSHOP $1,029,000

6 bedrooms, 4 full baths, 2 half bathsListing Agent: Matt Payne

SURFSIDE $1,495,000


Tom Kennelly, President, Dan Barber, Linda Bellevue, CBR, GRI

Mimi Congdon, Rick Donnellan, Marybeth Gibson, Anne Gifford

Michael Gunson, Mimi Huber, CBR, GRI, Keri Kalman

Joyce Montalbano, GRI, Matt Payne, Tom Weinstock

TOM NEVERS$1,100,0002.75 acres

Rick Donnellan

TOM NEVERS$1,125,000 2.75 acres

Tom Weinstock

POLPIS$1,550,000.95 acres

Tom Kennelly/Tom Weinstock

LAND LISTINGS

4 bedrooms, 2.5 bathsListing Agent: Rick Donnellan

MID-ISLAND$949,000

6 bedrooms, 4 bathsListing Agent: Dan Barber

SURFSIDE$729,000

4 bedrooms, 2 bathsListing Agents: Mimi Congdon/

Anne Gifford

EDGE OF TOWN$925,000

Main House: 5 bedrooms, 2 bathsCottage: 1 bedroom, 1 bath

Listing Agent: Keri Kalman

WEST OF TOWN $989,000

1 bedroom, 1 bath first floor condoListing Agent: Joyce Montalbano

TOWN$475,000

2 bedrooms, 1 bathsListing Agent: Rick Donnellan

TOM NEVERS$599,000

2 bedroom, 1 bath free-standing condoListing Agents: Linda Bellevue/

John Trudel, Owner

MID-ISLAND$399,000


TOM NEVERS$775,0001.25 acres

Rick Donnellan

MID-ISLAND$495,00020,099 sf

Rick Donnellan


Oceanfront custom home located in Tom Nevers is elegant yet casual. Five bedrooms plus five and one half baths, gourmet

kitchen, numerous living areas and heated pool.


Large, immaculately maintained 3-4 bedroom Cape with finishedbasement and garage with studio above. Two fireplaces, sunroomand large, beautifully landscaped back yard. Wonderful family home.

MIACOMET $1,195,000

Gracious 4 bedroom, 4.5 bath main house and 2 bedroom,2 bath cottage on a private 2.76 acre lot.

QUIDNET $3,875,000

Light and bright home situated on over three acres with harbor and town views. Privacy abound from

both the main house and cottage.

WAUWINET $3,200,000

Located on a side street in the Historic District, this custom 4 bedroom,3.5 bath house is a shor t distance to Town and beaches.

Exceptional features throughout.

TOWN $1,865,000

Linda Bellevue, CBR, GRI, BrokerCongdon and Coleman Real Estate508-325-5000 x11 (office)508-325-2700 (cell)[email protected]


Light filled private 3 bedroom, 2.5 bath home with wrap around porchesand decks on 2.75 acres with panoramic views of Sankaty lighthouse,

golf course, moors and distant ocean.



Linda Bellevue, CBR, GRI, BrokerCongdon and Coleman Real Estate508-325-5000 x11 (office)508-325-2700 (cell)[email protected]


Main house and guest cottage onn .25 acre lot with

multiple expansion possibilities.Rent one and live in the other.

New home with views of Nantucket Harbor.Gourmet kitchen, fir flooring, marble tiles and outdoor shower

are just a few of the many amenities of this custom home.

TOWN $1,795,000

Many original features intact in this 1834property located on Pine Street. Off streetparking with brick patio and lovely yard.Fully furnished with solid rental history.

TOWN $1,995,000

Three bedroom, two and one-half bath Chip Webster quality designed home

with exceptional landscaping. Close to golfcourse, Bartlett Farm and beaches.

MIACOMET $1,295,000

Wonderful space with many options, upgradesinclude a new roof, fresh paint, new windowsand antique flooring. Custom wet bar, nook and built-in bookshelves all included in sale.

Located at the end of a cul de sac.


Bright second floor condo with enclosedyard, exclusive use of specific areas, designat-

ed parking space for one car for this unit.Charming open unit with fireplace.

TOWN $475,000

Tastefully renovated in 2002, this condo unit hastop of the line appliances, soapstone countertops,antique heart pine floors, central air, central vacu-um and a security system. Excellent rental poten-

tial and a short distance to Town.

TOWN $499,000

Wonderful vacant lot on Upper Tawpawshawin Tetawkimmo with views of the

Moors and abutting hundreds of acres of Conservation land.

MID-ISLAND $895,000

MID-ISLAND $595,000


Tom Weinstock, BrokerCongdon and Coleman Real Estate508-325-5000 x22 (office)508-265-6464 (cell)[email protected]

Ideal home for a large family, 5+ bedrooms, 3.5 baths and fully furnished. Central a/c, outdoor shower, irrigation system add to the charm of this carefree home. Great rental history.

NAUSHOP $1,099,000

Adorable, sunny two bedroom, two bath condo, full basement for storage. Landscaped and fully enclosed patio and yard.

Listing Agents: Tom Weinstock / Joyce Montalbano

NAUSHOP $495,000

Move right in to this like new, 4 bedroom, 3.5 bath home.Fully furnished, 2 master bedrooms, gourmet kitchen, coveredporch, brick patio, outdoor shower and many more amenities

Excellent rental potential.

NAUSHOP $1,159,000

Beautiful views enhance this spacious custom built 4 bedroom,3.5 bath home. Large kitchen overlooks the step-down living room;

wrap-around slate patio. Adjoining lot available.

NAUSHOP $1,150,000

Private, hedged 2-lot compound being sold for $1,450,000. Home may be pur-chased separately for $1,150,000. Custom finishes, meticulously maintained.

Fabulous perennial gardens. Enjoy Naushop’s swimming pool & tennis courts.

NAUSHOP $1,450,000 (HOUSE & VACANT LOT)

NAUSHOP LOTS: 5,678 sf: $495,000, High interior lot • 5,919 sf: $550,000, Great views • .12 acres: $425,000, Priced to sell


57 MAIN ST. NANTUCKET, MA 02554 � PHONE: (508) 325-5000 � WWW.CONGDONANDCOLEMAN.COM

TOWN $1,695,000

A historic three bedroom, three-and-a-half bath house built in 1745 with a private English garden and off street parking.

This house has been completely renovated and upgraded with many original details intact.

Marybeth GibsonCongdon and Coleman Real Estate508-325-5000 x17 (office)508-325-2897 (cell)[email protected]

SCONSET $1,395,000

Adorable four bedroom, two bath home located in the quaintVillage of Siasconset. Small lovely garden and patio area

in the backyard. Water views from second floor.Great rental history. Sold fully furnished.

TOWN $1,625,000

Located on a quiet side street in Town, this 1829 cottage has beentransformed into a tranquil retreat with a series of charming rooms,

including three bedrooms, three full baths and three fireplaces.The first floor master suite has French doors that open onto a spacious

deck which offers privacy for outdoor entertaining. This home is being offered fully furnished with an eclectic mix for a European feel.


Very comfortable, bright three bedroom, two and one-halfbath home. Private setting in an established year round

neighborhood. Close to Town, Miacomet Golf,Bartletts Farm and south shore beaches.



Mimi Huber, CBR, GRI, BrokerCongdon and Coleman Real Estate508-325-5000 x12 (office)508-325-2073 (cell)[email protected]

This one-of–a-kind property offers two independent 2-acre lots andincludes an enchanting cottage, deeded beach access, stunning viewsand total privacy. Surrounded by hundreds of acres of conservation

land. Seller would consider selling vacant 2 acre lot separately.

SHEEP POND $3,295,999

Tucked away on a one way street, this property features a charming 3 bedroom, 2 bath antique main house with private deck and gardenarea, a separate guest cottage with full bath and a cozy studio/office.

The property is surrounded by high hedges and is beautifully landscaped.

TOWN $1,845,000

This sunny 3 BR, 2.5 bath gambrel offers a central location neartown, schools and beaches. The spacious yard with perennial

gardens and large deck is perfect for children and outdoor entertaining. Offered as a short sale, subject to bank approval.

SURFSIDE $545,000

Make an offer! Beautifully maintained, fully furnished 4 bedroom,3 bath colonial on a charming side street in town. Features include two wood burning fireplaces, wide pine floors, beautiful gardens, a

two car garage, an exceptional rental history and room for expansion.

TOWN $1,995,000

This property has it all and features an elegant 4 BR, 5 bath main house and a 2 BR, 2 bath cottage with two car garage. The magnificently land-

scaped grounds, hedged in for maximum privacy, offer spectacular outdoorspaces including a 20’x50’ pool with spa, a stone fire pit and sweeping lawn.

SCONSET ESTATE $5,350,000

This beautiful 4 bedroom, 2.5 bath antique imparts the essence of a European country home with elegant custom kitchen, eight fireplaces, exposed wood beams, enchanting gardens, fabulous

views from roof walk and a great location.

TOWN $3,250,000


BRANT POINTHARBORFRONT

WITH PRIVATE DOCK!$18,200,000

6 BDRM, 4 BA vintage summerresidence with incredible har-bor views, unbeatable location& loads of Nantucket charm!

Listing Agent/Owner: Jim Cahill

(Owner is a MA licensed real estate agent)

LOCATION, LOCATION!$1,899,000

Cliff area 4 BDRM, 2.5 BAmoments to Steps Beach andtown. Very private location,

this quality custom-built homeis unique in many ways with

lovely gardens and stone work.

Listing Broker: Constance Sturgis

WAUWINET WONDERFUL$2,850,000

Delightful contemporary 4BDRM, 3.5 BA home on 4 acresabutting conservation land on 2

sides. Terrific attention to detail, 4fireplaces, generous living spacesinside and out. 2 covered porches& lg. connecting sundecks extend

summer living outdoors.Listing Broker: Cynthia Lenhart

STYLISH IN SURFSIDE$2,495,000

Charming rose covered craftsman built home with

adorable guest cottage,detached office, surrounded by gardens on a fabulously

manicured one acre lot. Terrificlocation near Surfside Beach!

Listing Broker: Cynthia Lenhart

(Owner is a MA licensed real estate agent)

Cynthia Sadler Lenhart . Constance Sturgis . Sue Fine . Pat Joyner . Pat Carr Calabr ese . Beth Maier . Pam Sosebee

FISHERS LANDING$1,025,000

3 BDRM, 2.5 BA Cape stylehome has large expansive

yard and garage with studioabove. Moments from walk-

ing trails thru the LoringFoundation, access to

Warrens Landing tennis courtand boat storage available.


TOM NEVERS EAST$1,450,000

2.5 private acres withcustom built 3 BDRM/3

BA house & 2 BDRM/1.5BA cottage offers a

peaceful sanctuary. Nicely landscaped w/ expansion

potential. Priced to sell!

Broker/Owner: Constance Sturgis

(Owner is a MA licensed real estate broker)

CISCO SWEETHEART

$860,000Sprawling 4 BDRM, 2.5BA single story home

w/ post & beam garageclose to golf, beach

& Bartlett Farm.

Broker/Owner: Pam Sosebee

(Owner is a MA licensed real estate broker)

SMUGGLERS LUCK$1,900,000

4 BDRM, 2.5 BA NobadeerBeach house just 200 yards

from the sea. Cozy residence w/Fireplace, 2

car garage, roof walk, sundeck, nice yard & hot tub.

Listing Broker:Cynthia Lenhart(Broker is related to seller)

HEATH HAVEN$949,000

Cozy Douglas fir post & beam 2+ BDRM homewith 3 fireplaces, 2 decks,

enormous basement & a garage. Potentially

3,400 sq ft of living!

Listing Broker: Pam Sosebee

“REALITY” TOM NEVERS

$1,350,000

Enjoy views from 3 differentdecks on this 4 BDRM, 2.5BA upside down house.

Ocean to the south, Sconset& Sankaty Light to the east,

& privacy. Well maintainedand consistent rental history.

Listing Broker: Connie Sturgis

IMPRESSIVE COMMERCIAL

COMPLEX$2,400,000

This custom built propertyreflects quality craftsmanship.

Three commercial units onthe first floor and 19 parkingspaces. Deluxe owners apart-ment above offers 3,144 sq ftof living. Also available as

individual condo units.Listing Broker: Cynthia Lenhart

PINE CREST ESTATES $1,449,000

Private 5 BDRM, 5.5 BAcolonial home on nearly3/4 acre. Two car garage,

finished basement andmore than 4,000 sq ft

of living space!Listing Broker:

Cynthia Lenhart(Owner is a MA licensed real estate broker)



IN TOWN KNOCK OUT

$1,399,000Attractive 4 bedroom, 2.5

bath home custom built bycraftsman. Comfortablemodern spaces, lovely

hedged yard & central air.Successful rental history, offered mostly furnished.


GRAY LADY$835,000

5 BDRM, 2.5 BA spaciousfamily home. Almost 3/4acre of wooded privacy

on a quiet “less travelled”lane not far from Town,

Surfside bike path, & bus stop.


HOT DEALSLAND ON SALE!

Two R-5 LOTS Mary AnnDrive each offer potential

for 2 dwellings.Lot with existing

garage/workshop$259,000,

Vacant corner lot $249,000.Listing Broker:

Cynthia Lenhart

BUCKETS OF CHARM

$915,000Cheerful home in popular

Naushop community. 5BDRMS, 3.5 BA spacious living/dining room, cozyfamily room w/fireplace,

den, great kitchen & breakfast room plus patio,hedged yard & parking.


NEW CONDOS!2 handsome, custom-builtcondos — finishes includegranite counters, stainless

appliances, hardwood floors,& central air! Unit A: 2 BDRM,2 BA, full basement & 2 baygarage. $449,000. Unit B: 2BDRM with 2 BAensuite,

plus 1/2 BA & full basement.$449,000. or Unit A no

basement & garage $319,000. Listing Broker: Pam Sosebee

(Broker is related to owner)

SMOKING SUNSETVIEWS$656,000

1/2 acre hill side lot justwest of town has wonderful

views of town's roof tops,skyline, steeples and bigsunsets to the west! One

mile from the center of townyet delightfully rural.


FAIR STREET$1,395,000

Excellent location thispopular antique Fair Street

Inn could easily be transformed into a private

residence. A spacious 5 BDRM, 5 BA, c.1850 gem

with loads of character & priced to sell.

Listing Broker: Pat Carr Calabrese

SILVER STREET

GEM $799,000

An excellent opportunity torestore an antique in town!4+ BDRM, 3 BA on a lane

less traveled in the old historic district. A great project!

Listing Agent: Beth Maier

www.AtlanticEastRE.comVisit our Web site to view all the island listings and our extensive rental portfolio

5 North Water Street, Nantucket, MA 02554T: 508-228-7707 F: 508-228-7780

Renovated Pair In Town!These Nantucket homes sit in a wonderfulpart of the Old Historic District. Includingthe main house and guest cottage, the proper-ty has a total of six bedrooms and seven and ahalf baths just a short distance to Main Street.Listing agent is related to the seller.$3,075,000Listing Agent: Peter DuPont


Beautifully Renovated AntiqueThis exquisite historic home was origi-nally built in 1767 by Joseph Swain.Meticulously restored windows, mantlesand antique pine floors are just some ofthe features that preserve the integrity ofthis historic home. One not to bemissed! Listing Agent is related to seller.

$3,375,000Listing Agent: Peter DuPont


Penny Dey, GRI,ABRM � Heidi Drew,ABR, RSPSPeter DuPont � Mary Malavase,ABR, RSPS,TRC

Erikka Perkins � Lisa Sherburne,ABR, RSPS � Anne Remian


‘Sconset CraftsmanshipLocated on the edge of ‘Sconset Village, this Christopher L. Maury designed and constructed home features superb craftsmanship and state of the art amenities.

$2,695,000Listing Broker: Mary Malavase, ABR, RSPS,TRC

Polpis Harbor ViewsFour acres of tranquility on the way toWauwinet. This handsome post and beamtreasure boasts three full levels of graciousliving and offers intimacy and warmththroughout. The 19th century, reclaimedbarn timbers and hand crafted details wel-come you at every turn. Expansive roomfor indoor and outdoor entertainingalong with views of Polpis Harbor,Coatue and Great Point Lighthouse.

$2,990,000Listing Broker: Melinda Vallett




Sunny and SpaciousThis beautiful in-town gem, set on aquiet side street has everything youcould want! Built in 2006, this meticu-lously constructed home offers five bed-rooms, the latest amenities and a lovelylandscaped yard. A must see. Listingagent is owner of property.


Quidnet Near the Sea

Complete the courtyard andcreate your own secret gardenby the sea. Then, turn thingsupside down and climb to theglorious views of the ocean,pond and Sankaty Light.Stunning views are protected.Truly a one of a kind property.

$1,695,000Listing Broker:

Penny Dey, GRI, ABRM

Oasis in TownMeticulously maintained, three plusbedrooms, fireplace, updated kitchen andbath, full basement with workshop andbonus room. Enjoy the back yard retreatthat includes a deck, pergola, koi pondand an abundance of blooms.

$1,150,000Listing Broker:Heidi Drew, ABR, RSPS




Secluded Surfside Setting …On nearly two acres. Just minutes to thebeach and three miles to town. Thisstately four bedroom Colonial stylehome offers three and a half baths, firand tile floors, a fireplace, a soaring ceil-ing and expanses of glass overlookingthe private back yard and deck.Wonderful southern exposure androom to expand.

$1,395,000Listing Broker: Mary Malavase,

ABR, RSPS,TRC

Tucked Away on Main Street

Hydrangea Cottage is a charming twobedroom, one bath home with anopen floor plan and spacious deck sur-rounded by hydrangeas at the end of along white shell driveway. Off-streetparking and potential to expand.

$795,000Listing Broker: Heidi Drew,

ABR, RSPS

The Most for Your MoneyFrom this recently updated 6 bed-room, 4 bath home located acrossfrom Mill Hill Park. Three floorswith a welcoming, open floor planand spacious lower level openingonto a patio and enclosed back yard.Off street parking and room toexpand. Established rental history.

$985,000Listing Broker: Heidi Drew,ABR, RSPS





Brant Point Vacant Land

Just 550 feet to the beach or a blockto Jetties Beach. Potential 2nd floorviews of the Harbor. 6216 sf withtown water and sewer available.

$1,495,000Listing Broker: Heidi Drew,

ABR, RSPS

Bright and Sunny

And awaiting your personal touch, thistwo bedroom, two bath home is situat-ed between Town and Cisco. Half acrelot with plenty of expansion potential.Existing house has a full basement.

$549,000Listing Broker:

Penny Dey, GRI,ABRM

Pristine in Nashaquisset

Located in the award winning, turn keycommunity of Nashaquisset is this twobedroom, three bathroom home with aseparate den and a professionally land-scaped yard. Outstanding rental historyplus prime location with pool, tennis,year round caretaking and maintenanceall at your door step. Offered fully fur-nished.

$775,000Listing Broker: Melinda Vallett




House andCottage

On a half acre lot,this main house andcottage offer a vari-ety of possibilities.Conveniently situat-ed between townand the south shorebeaches with accessto shuttle and bikepath. Property is lushly landscaped and private, yet in a neighborhood not far from town.

$865,000Listing Broker: Penny Dey, GRI, ABRM

ImpeccableProperty…

This carefully main-tained ’Sconset prop-erty is close to theVillage and ideal foryear ‘round or sum-mer living. Sit in thesunroom and enjoythe private,landscapedyard. Renovations in 2002 include a master bedroom suite accessedby a private staircase.

$1,750,000Listing Broker:Mary Malavase,ABR,RSPS,TRC

PolishedColonialWith central A/C,two living areas, andmany tasteful updates.Generously propor-tioned rooms includethree bedrooms, twoand one half bath-rooms and a full base-ment. The home alsooffers access to the community’s pool and tennis courts.$839,000Listing Brokers: Lisa Sherburne & Mary Malavase

Lots of Land

Lovely post andbeam, tucked awaynear the south shorebeaches. Sitting onover two acres ofland, this charminghome has plenty ofground cover forexpansion or a sec-ond dwelling.


Island Getaway This inviting 1 bed-room & bath residenceis tucked away on thetop floor of the historicCaptain Gardner Housein town. The accom-modations include aprivate roof walk, patio,well equipped kitchen,washer & dryer, livingand dining areas.Offered fully furnished. Short sale. Subject to bank approval.

$395,000Listing Broker: Heidi Drew, ABR, RSPS

Large Homewith GreatPotentialOn an oversized lot,this five bedroomcape has lots ofspace and a big yard.Conveniently locat-ed in the Mid-Island area close toshopping, schoolsand the shuttle bus. Bank owned.$575,900Listing Broker: Penny Dey, GRI, ABRM


5 North Water Street, Nantucket, MA 02554T: 508-228-7707 F: 508-228-7780www.AtlanticEastRE.com

Penny Dey, Broker, GRI, ABRM

Spectacular ocean, pond and sunset views, access to tennis court, steps from the beach, bordered on the East and West by conservation properties, convenient to bicycle path, Westmoor Club, Tupancy and Town.

Just shy of two acres, this property offers plenty of room for expansion of existing house or addition of pool. This very special home has been featured in numerous publications. Please call for details.

Stunning Harbor Views and Sunsets

NANTUCKET REAL ESTATETO VIEW ALL OF OUR FINE PROPERTIES, VISIT OUR WEBSITE AT:

WWW.NANTUCKETREALESTATE.COMOR EMAIL US AT:

[email protected]

Ken Beaugrand, Owner/BrokerCurtis Barnes, Chele Bayard,Yvonne Breslin, Marylyn Burns, Marion Roland Conley, Rob Frame,Karen Gibbs, Ginger Ivey, Pat Larabee, Chris Magee, Nash Strudwick, Christine Whelden,Soo Woodley


Fair Street Elegance

Large home with 5/6 bedroomsand living space on three levels. Off street parking

for one vehicle

$2,595,000

Whaling Era Home

Renovated and updated, this 1806 home has

3 bedrooms, private yard and off-street parking

$2,850,000

In Town Home

New 4 bedroom, 3 bath homejust steps from downtown.

Private patio and off street parking

$2,500,000

Historic Town Home

Oversized in town lot with room for expansion and a 2nddwelling. 4 Bedrooms, 1.5 baths

off street parking and 2 bay garage.

$1,700,000

Quidnet Estate

4 Bedroom, 4.5 bath mainhouse, 2 bedroom, 2 bath

garage/cottage on 2.3 acreswith views of the ocean and

Sesachacha Pond$5,500,000

Lily Street Retreat

Large home with 4 bedroomsand 3 baths, has gracious

living areas and off-street parking

$1,990,000

Distinctive Homes



[email protected]


Hither Creek

Three bedrooms, two baths on the Creek and ocean beaches.

Excellent rental history

$1,450,000

Trio of Sconset Cottages

9 Lily Street 2 bedrooms, 1 bath $975,000

7 Lily Street 4 bedrooms, 2 baths$1,295,000

16 Lily Street 3 bedrooms, 2 baths $1,395,000

Madaket Cottage

2 Bedrooms, 1 bath w/detached garage. Wonderful

outdoor living space andbeautiful water views.

$1,195,000

Brant Point Building

Opportunity – Building lot withConCom issued Resource

Determination outlining buildingenvelope abuts protected townand Land Bank land. Potential forspectacular second floor views

$1,100,000

Summer is Pocomo

3 bedrooms, 2 baths, detachedsingle car garage. Potential forexpansion with septic upgrade.Wrap around porch for outdoor

living with harbor views.

$1,425,000

Style and Comfort

Large lot on a quiet cul-de-sacin Naushop. Large sunny

kitchen, 3 bedrooms, 2.5 baths.

$989,000

Unique getaways

Land ListingsMid-Island0.46 acres$495,000

Miacomet0.89 acres$1,350,000

Cisco0.71 acres$995,000



[email protected]



West of Town3 bedroom, 1.5 baths

and attached garage. Very comfortable home in quiet area. Upward

expansion possible.

$895,000

Mizzenmast SunsetModern home with 3 bedrooms

& 2 baths is beautifully land-scaped and just right for year

around living or as a low main-tenance second home.

$895,000

Modern in NobadeerAttractive home with

3 bedrooms, 2.5 baths on a very large lot with potential

for a second dwelling.

$850,000

Great Potential

Home on large corner lot withample room for expansion,

close to town and mid-island services.

$799,000

Shimmo Pond

House and Cottage with 3/1 Bedrooms and 1/1 Baths.

Large lot, hilltop location.

$2,195,000

Architect Designed Cape Style Home

3 bedroom, 2 bath home located in the mid-island area.

Wonderful use of space andlots of natural lighting.

$599,000

great values

Michael AngelastroCell: 508-367-5096www.michaelangelastro.commichael@jordanre.comProviding Expert Real Estate Advice Since 1982.

Eight Federal StreetNantucket Island, MA 02554508-228-4449www.jordanre.com

HITHER CREEK WATERFRONT

Seldom does a property become available with a private dock, especial-ly since the construction of docks has been banned for 20 years! This isa rare opportunity to own over an acre of land on Hither Creek withspectacular views, your own dock, and sprawling home. The home hasseveral banks of windows overlooking the water, huge deck and spaciousliving/dining areas. Large owner’s suite. Three additional bedrooms pluskitchen. Separate garage/rec room with office above. $5,950,000

POCOMO

Another rare opportunity to own three acres of waterfront. Dramaticsweeping views and an ideal setting for sailing or sunning yourself on thebeach. The compound features a main home with five bedrooms,living/dining/kitchen with doors leading to a large porch overlooking thewater. Two other living areas ideal for “getting away” to read or justrelax. Spacious one bedroom apartment above the three car garage. Tennis court and room for a pool! $7,900,000

LYONS LANE

Charming home is a private, quiet, country setting peaceful views acrossthe moors. Featuring aged oak beams and three levels of living you willhave privacy inside as well as out. Third level living/dining/kitchen andoffice area. Large window walls and slider leading to wrap around deck.Three bedrooms and two baths on the second level and finished spaceon the lower level for "the kids. $995,000

9 SHEEP COMMONS LANEEleven owners are fortunate enough to live on Sheep Commons Lanewhich abuts hundreds of acres of Protected Land. The owner/builderhas created a wonderful compound featuring large, first floor owner’ssuite and bath; 3 living areas; cook’s kitchen with pantry. Attachedgarage. Three bedrooms, large playroom/office/art studio on the sec-ond floor. Gym and other finished spaces in the basement. Detachedgarage with studio. Room for a pool. $2,395,000

SOUTH OF TOWN

Privacy less than a mile from Town.Oversized half acre with water and sewer.House & cottage OK. Only 4 homes onthe road! $595,000

BRANT POINT

Nostalgic setting with the beach just overthe dun!. HDC approved plans includedin the $1,800,000 price.

TOM NEVERS

Unobstructed Ocean views over abutting ConservationLand.. Walk or bike to unspoiled beaches. $995,000. Or,lot AND house package for $1,895,000!

LAN

D

Bamber Real EstateBamber Real Estate159 Orange Street, P.O. Box 26 • Nantucket, MA 02554

Phone: 508-228-1416 • 508-228-1157Fax: 508-325-4931 • [email protected] • www.bamberrealestate.com

Ronald Bamber, Broker, NAREB Member “Specializing in the sale of exceptional homes and properties.”

LOCATION, LOCATION, LOCATIONThe best of ’Sconset. Steps to beach and village center.

Ocean View • 25’ to beach • 6 years young • Central AC • 3 minute walk to market and village center.Exclusive $1,550,000

BARTLETT ROAD

Spacious 3 bedroom, 2 1/2bath home situated on a10,090 sf. lot. Close toschools, shopping &

shuttle bus route. Sellerwill pay $2,500 towards

closing cost with anaccepted offer by June 30.

Exclusive $575,000

DIONIS

One acre parcel containing 3 bedroom,

1 1/2 bath home.A short stroll to DionisBeach. Room to expand.

Exclusive $1,095,000

DIONIS

Bright & spacious 2 bed-room, 2 bath cottage on anacre of land. Second floor

water views with room for 2more bedrooms & 2 baths.

Exclusive $995,000

DIONISThis cute little 2

bedroom, 1 1/2 bathcottage is nestled on

an acre of property withroom to expand. Shortwalk to Dionis Beach

and bike paths close by.Exclusive $1,050,000

Dionis18 East Tristrams Ave.

Outstanding NantucketSound views from 17,858sf. lot, well & septic in.

Exclusive $1,595,000LAND Surfside

54 Weweeder Ave.

Beautiful 1+ acre (50,000 sf.) lot with 1st floorocean views! Alowable 1st floor ground cover-age is 2,000 sf. Can have a 5 bedroom septic.

Close walking distance to Surfside Beach.

Exclusive $895,000

WaterfrontMadequecham Valley

Looking for the perfect oceanfront lot? Here it is. This25,000 sf. lot has a well installed, septic in for a 3 bed-room. Breathtaking views with a beautiful sandy beach.HDC approved house plans. Building permit in hand.

$850,000

Bamber Real EstateBamber Real Estate159 Orange Street, P.O. Box 26 • Nantucket, MA 02554

Phone: 508-228-1416 • 508-228-1157Fax: 508-325-4931 • [email protected] • www.bamberrealestate.comRonald Bamber, Broker, NAREB Member “Specializing in the sale of exceptional homes and properties.”

Dionis with views of Nantucket Sound

This lovely house & cottage located on 2.96 acres has greatelevation and views of Nantucket Sound.Walk to Dionis

beach, access to bike paths and a short drive to town. Mainhouse has 4 bedrooms, 2 1/2 baths, living room with fireplace,

open kitchen & dining room, deck, family room with fire-place, laundry room, 2 car garage. Cottage - Entry with

cathedral ceiling and stairway to second floor. 2 bedrooms,2 baths, deck,2 car garage, leading up to the second floor you'llfind a bright & airy open living,dining & kitchen area with tile

counter tops, bamboo flooring,deck with nice water views.Exclusive $ 2,995,000

COFFIN REAL ESTATE40 Centre Street, P. O. Box 1881Nantucket, MA 02554 • (508) 228-1138www.coffinrealestate.com

’SCONSET REAL ESTATEPost Office Square, P. O. Box 122

Siasconset, MA 02564 • (508) 257-6335www.sconsetrealestate.com

OUR DEDICATED BROKERS & AGENTSBernie & Carol Coffin: Owners/Brokers, Beth Brooks, Jack Bulger, Barbara Keane Clarke, Michele Cranston,

Rob Egan, Ellen Glowacki, Betsy Holden, Erin Lemberg, Paula McAuley, John Merson, Chandra Miller,Nonie Slavitz, Paul Surprenant, Sue Walton, Debbie Willett, Christina Boling

COME TO THE BEACHThree story furnished town house - endunit with views of Goose Cove Pond.Privacy and three sides of light and air &soaring ceilings. Path to pond and closeproximity to beach.Decks provide greatoutdoor enjoyment.Never been rented- and one of largest units - 24 foot wide,single family - no fees.

EXCLUSIVE $489,000

PRIVATE HOME WITH SEPARATE LOTSThis three bedroom, two bath colonialhome is situated on a property withtwo separate lots in Tom Nevers. Enjoythe two outside covered decks overlooking the organic gardens of appletrees, grape vines and kiwi tree.EXCLUSIVE $899,000

TUCKAWAYCharming and comfortable originalcraftsman cottage built in 1927.Three bedroom plus SleepingPorch. One bath.Working fireplace.Garage with Shop. Off StreetParking. Oversized private lottucked away in the historic Village ofSconset. Excellent renal history.

EXCLUSIVE $1,295,000

ESTATE SETTING ATTHE TOP OF MAINOpen layout for today’s family living, onover one acre. Beautiful seven bedroom,five bath home ~ three floors of livingplus newly finished basement. Large, pri-vate deck.Roof-walk with amazing viewsof downtown Nantucket! EXCLUSIVE $3,150,000

TUCKED AWAY ON POLLIWOGFully furnished and ready to Move In.Nicely Decorated and new appliances.On quiet street convenient to schoolsand Surfside Bike Path. Four bedrooms(one as den), flat screen tv's, Bring yourtoothbrush. Lease - Purchase available.EXCLUSIVE $895,000

DESIGNED WITH DISTINCTIONIn Town, on a private lane, this recentlybuilt custom 5 bedroom,and four and onehalf bath home boasts over 4000 squarefeet of living space.With four finished floorsand all the modern amenities, this home isan absolute must-see for the discriminat-ing buyer. Listing Broker is related to Seller.EXCLUSIVE $1,925,000

Monomoy and Privacy

Listing Agent: Daryl Westbrook Price: $4,200,000

5 Cathcart RoadGracious Mononoy homewith new guest cottage.

Beautifully landscaped property with harbor views and privacy.

Main house has four bedrooms, 3.5 baths with large decks and central AC. Very attractive and

well appointed guest cottage with AC.

Listing Agent: Daryl Westbrook Price: $3,920,000

Rosemoor ‘Sconset

68 Baxter Road A classic Sconset summer home that has been renovated to include today’s amenities while

preserving the historic character and charm of the property. Located about half way between Sankaty Light and Sconset Village this home has five bedrooms with five and a half baths,

central AC plus many other fine features.

Penny DeyAtlanticEast Real Estate

the current

STATE of t

hemarketAnalysis, observation and interpretation of the Nantucket real estate market

Where is the market right now?The first five months of the year the

number of sales more than doubled over2009. The dollars that those sales repre-sent are up 72 percent. This likely por-tends the beginning of a market turnaround. It clearly remains a great marketfor buyers with prices at their lowestsince the last market escalation whichbegan in 2002. The inventory continuesto be high, with over 600 properties on

Photos by Jordi Cabre

The views and opinions expressed in “State of the Market” interviews arenot necessarily those of the Nantucket Association of Real Estate Brokers.

See Coffin, page 74


Where is the market right now?The real estate market has improved

and there is more optomism and confi-dence in buying a second home in avacation resort such as Nantucket. Thebuyers do have a supply of choices andtherefore feel that they are able to pro-cure a purchase which has value for thefuture. Buyers are more inclined to puttheir cash into property they can use, orrent.

See Dey, page 70

Dalton FrazierJ Pepper Frazier Co.

Where is the market right now?The market has stabilized. Now, we,

Nantucket brokers, know what proper-ties’ liquid values are because there arebuyers in the market. A year ago, noone knew because there were no buy-ers. Also, volume compared to one yearago is up over 100 percent. These areclear indications to me that the marketis creating a bottom.

See Frazier page 72

ANALYSIS

Carol CoffinCoffin Real Estate

ANALYSIS THE CURRENT STATE OF THE MARKET

the market, giving choices to buyers. Andinterest rates remain at historic lows.

There has been talk recently of signspointing to a national recovery. Whatis your take on when we’ll feel the fulland lasting effects of any recovery onNantucket?

Although we cannot predict the future,the 2010 Nantucket real estate market istracking to improve over 2009 by roughly 25percent by the end of the year, in terms ofboth the sales volume and dollars.Nantucket typically feels the effects of aneconomic downturn later than other mar-kets and tends to come out of it more rapid-ly. Nantucket is primarily a second homemarket which behaves differently than a pri-mary one.

What is the state of the rental market?The rental market is significantly

stronger than it was during the last fewyears, indicating that people are willing tospend again on non-essentials.

What kind of properties are selling now?

Those properties that are priced correctlyare selling now. Most sellers understand thatin order to sell, they must price their proper-ty to the current market. Sellers are compet-ing now with others who may be more des-perate to sell, and therefore, more realisticabout pricing.

What area(s) do you think is/areundervalued right now? What area(s)do you think best retain its/their value over time?

It is difficult to generalize about particu-lar areas as there are great opportunitiesright now in all sectors of the market.However, the island as a whole has retainedvalue extremely well over the past decade.

The average Nantucket house is worth 3times what it was 10 years ago; the DowJones Industrial Average is worth less than itwas 10 years ago.

Are you seeing any movement in thesale of land, either up or down fromprevious years?

Land sales have been off the past fewyears, not surprisingly, given the economicconditions. In many cases, a buyer canbuy a finished house for about the sameprice of buying land and building. Andthey can use the property right awayrather than taking a year or more to build.Land sales will remain slow until some ofthe existing inventory is sold.

Penny Dey, Broker, GRI, ABRM, has worked inreal estate on Nantucket full-time for nearly 30years. She is co-owner of AtlanticEast Real Estateand former president of the Nantucket Association ofReal Estate Brokers.

Dey, from page 69


Trim: 7.875 x 10.375Bleed: 8.625 x 11.125??

If not now…When?

www.windwalkerrealestate.com12 Oak Street Nantucket, Massachusetts 02554 508 228 9117

More than 650 listings

now available on island.

Visit us atwindwalkerrealestate.com

SALES & RENTALS

EXCLUSIVE BUYER & SELLER REPRESENTATION

Experience you can trust

ANALYSIS THE CURRENT STATE OF THE MARKET

There has been talk recently of signspointing to a national recovery.What’s your take on when we'll feelthe full and lasting effects of anyrecovery on Nantucket?

I think we are at the beginning of arecovery right now. People are much moregun-shy now than before the trauma of thefinancial meltdown, so the recovery willtake longer than past recoveries. Thatbeing said, buyers are seeing their chanceto get into the Nantucket real estate mar-ket at depressed prices, which is creatingdemand, which will ultimately push priceshigher. My dad, Pepper, has always told methat Nantucket is the first one out of realestate busts, so I am optimistic. Also, mybrother, Pepper II, and I own three com-mercial buildings downtown and our ten-ants are very happy with the start of the

season, which is a strong indicator that arecovery is in place.

What is the state of the rental market?

The rental market is strong. Rates, likeeverything else, have come off their peaksof a few years ago significantly, but if oneprices their rental property to today’s mar-ket, it will get rented. JPFCO is up 30 per-cent-plus in number of leases from last sea-son. August is pretty well booked and Julyis getting there. Rentals of $5,000/wk andunder and $20,000/wk and above are doingthe best. There are not nearly as manyquality choices as last year for last minutetenants.


The under $2 million market has the

most activity. So far this year, 92 propertiesunder $2 million have closed, and 27 prop-erties $2 million and above have closed.There are a lot of value buyers in the mar-ket right now, so if a property is priced totoday’s market there is a decent chance itwill sell. Properties that are not sellingare ones that are still priced to previousyears’ markets. Sellers have a hard timegrasping that the market took a 30 per-cent-plus hit, but if sellers are willing toaccept this reality, they can sell their prop-erty this season.

What neighborhood(s) do you thinkis/are undervalued now? What neigh-borhood(s) do you think best retainits/their value over time?

It is hard to generalize a whole neigh-borhood as being undervalued, but I think

Frazier, from page 69

Frazier, continued on page 74

A Keeper in Miacomet!This private, waterfront property epitomizes theNantucket lifestyle. Fish from your backyardwith 75' of water frontage or canoe toMiacomet beach. This 4 bedroom home is veryclean and crisp with all of the amenities youcould want. Enjoy this peaceful setting that willput you in the Nantucket frame of mind…

In Nantucket, it often seems like you can’t go two steps without running into a friendly and familiar face. Nantucket has more than beautiful beaches, perfect sunsets and maybe the best fishing on the east coast- we have some of the best people around.

Cam Gammill is one of those people and he understands the Nantucket lifestyle as well as anyone else. He has been a fishing guide for more than 10 years, owns Bill Fisher Tackle, takes his dog Bass on a different walk everyday, coaches hockey, is on the board of the Conservation Foundation, a sailor, a gardener, a proud member of the Angler’s Club (despite what many think, it is in fact the most prestigious club on Island), a veteran of the Vineyard Vines community and most importantly to him, a family man.

Cam is also a Real Estate Agent. He feels it is very important match your home with your lifestyle and he would be more than happy to help you. Feel free to be in touch with any questions at all...


25 Macys Lane Make your dream of building and owning a home on Nantucket a reality.This is a 5,000+/-sf lot

and located on town water and sewer$315,000

2 Gloucester Street A one acre lot (located in LUG 3 zoning) in Tom Nevers! A great opportunity

to build a new home on Nantucket Island$600,000

ACK Broker | 508.228.1398 | [email protected] | www.ackbroker.com | Offices of Lee Real Estate | Upstairs at 58 Main Street | Nantucket, MA 02554

Meg Ruley | Jane B. Miller

Wauwinet • 112 Wauwinet Road • $3,249,000 Madequecham • 18 Madequecham Valley Road • $1,895,000

Hummock Pond • 14 Ahab Drive • $2,200,000

Sconset • 13 Bank Street • $795,000 Madaket • 22 Arkansas Avenue • $495,000

Town • 1 Spring Street • $995,000

LAN

DLI

STIN

GS


There has been talk recently of signspointing to a national recovery. Whatis your take on when we’ll feel the fulland lasting effects of any recovery on Nantucket?

There are still many people without jobsand nationwide, sales are improving.Nantucket has been more recession-proof thanmany areas and I feel that this shows today.

What is the state of the rental market?In the rental market, the number of houses

to rent has increased over the last two years,and owners who never wanted to rent beforehave added theirs to the pool. The supply isgreat, and the home owners are disappointedthat they have not had the tenants as in thepast. Tenants know they have a great supplyfrom which to choose. Rental numbers aregood in the real estate offices.


High-end properties are selling, the middleranges are suffering as job loss has effected thesepurchases, and Nantucket islanders are unableto sell and therefore purchase another property.Land sales are way down as buyers seem to wantto know what they are buying rather thanspend the time and money to build.

What area(s) do you think is/are under-valued right now? What area(s) do youthink best retain its/their value overtime?

Second homes near or close to the watermaintain their values as buyers will spend themoney to have that location. Mid-island issuffering more at this time.

Are you seeing any movement in the saleof land, either up or down, from previousyears?

Land sales are down as stated before. It’smore the unknown in regard to price in the end.

Carol Coffin grew up in Garden City, Long Island,and was educated at Green Mountain College andBoston University. Carol has been married to Berniesince 1968 and they have two children, Abigail andPeter. Abigail is married to Bob Donahoe and they livein D.C. Peter is married to Kelley and they live in SaintPaul, MN. Carol has been a MA broker since 1978 anda Florida real estate agent since 1980 and does referrals,especially to Vero Beach, FL where they raised their chil-dren for 17 years. Carol and Bernie are theOwners/Brokers for Coffin Real Estate and 'SconsetReal Estate. Coffin Real Estate began in 1963 by GraceL. Coffin, and 'Sconset Real Estate is the oldest real estatefirm in Siasconset. Carol is a member of the Cape Cod &Islands Association of Realtors, The NantucketAssociation of Real Estate Brokers, LinkNantucket andthe Nantucket Listing Service.

Coffin, from page 69

Miacomet is under-appreciated/undiscov-ered by many, and therefore it does not havethe demand of many areas. Therefore, itdoes not have upward pressure on prices, butit has so much to offer from tons of beauti-ful South Shore beaches to Bartlett’s Farmto Cisco Brewers to the Fish Market toMiacomet Golf Course. The neighbor-hoods that I think best retain their valueover time are Monomoy, Shimmo, LincolnCircle, Brant Point, ‘Sconset and Town.

Are you seeing any movement in thesale of land, either up or down fromprevious years?

Land continues to be the slowest part ofthe market. Building a house 30 miles out tosea coupled with strong values in existinghouses are holding this part of the marketdown. That being said, with contractors hun-gry for work and land prices down significant-ly, right now feels like a good time to build.Smart speculation builders stay ahead of thecurve and they have bought land recently.

Dalton T. Frazier is co-principal of J PepperFrazier Co. He serves as Secretary of NantucketAssociation of Real Estate Brokers, and manages thefamily commercial real estate holdings. Dalton and hiswife Jennifer actively buy and sell local real estate.When not working, Dalton enjoys travel and a pletho-ra of sports, including defending his 5-year title assquash champion at the Westmoor Club. Dalton grad-uated from The Fessenden School, St Marks School, andthe College of William and Mary.

Frazier, from page 72

[email protected]: 508.228.7777 x7

Facsimile: 508.228.7787

Location, Location, Location. . .This beautiful home in the award-winningcommunity of Nashaquisset has a bright, openfloor plan. Inside, there are 3 bedrooms, 3baths, a sunroom and balustrade-enclosedloft and of course, kitchen, living and diningrooms. The master bedroom suite is located onthe first floor. Recently re-finished floors,exterior paint and a new roof make this aninvestment with little to be concerned about inthe years ahead. The home is privately located,just off a shell pathway, past beach grass and apicket gate. There is a relatively large, privaterear yard with professionally designed, installedand maintained landscape including brick patioand three-tier Koi pond. Nashaquisset clay tenniscourts and pool included! This wonderful homeis offered at $874,500.00. Comprehensiveproperty management services (incl.professional grounds maintenance, propertyinsurance, weekly winter inspections, etc.)included in quarterly fee.

Foreclosure affects more than just you.

It affects your whole family.

A million families will face losing their homes

this year. Call today for real help and guidance.

Because nothing is worse than doing nothing.

1-888-995-HOPE

Barbara Keane Clarke508-280-2398 Cell

[email protected]

CURBSIDE APPEAlExcellent commercial visibility,offering much business potentialalong with additional incomepotential from two 2-bedroomapartments. Ample parking. Perfectfor office or retail space.EXCLUSIVE $1,250,000

LOVELY LOCATIONELEGANT HOME

New 4 bedroom, 3.5 bath home inPocomo featuring fine building crafts-manship and style. Porch, heated cus-tom Gunite swimming pool and poolhouse. Stunning water views. Set forSeptember completion. Agent hasfinancial interest.

TOGETHER OR SEPARATEThis 7 bedroom, 5 bathroom duplexduplex conveniently located toschools, bike path and Town. Greatemployee housing or as an investmentproperty or ideal for a family to live inone side and rent or sell the other.Listing Agent is related to Seller.EXCLUSIVE $675,000

IN TOWN CHARMAND AFFORDABLETucked away off Bear Street, minutesto Main Street, this bright, well builtfamily home features many customadditions. Pickled pine flooring,mahogany vanities, tastefully paintedrooms and extra windows.EXCLUSIVE $795,000

EXCELLENT COMMERCIAL LOCATIONLarge commercial/residential buildingwith basement storage. Excellent visi-bility and fully handicapped accessible.Two apartments for additional income.Listing Agent is related to Seller.

EXCLUSIVE $1,250,000

40 Centre Street, Nantucket, MA 02554

INCOME PRODUCINGOPPORTUNITYLocated on West Creek Rd withexcellent commercial visibility, thisretail unit offers much business poten-tial along with additional incomepotential from two 2 bedroom apart-ments on second and third floors.EXCLUSIVE $1,250,000

Annie’s SongExclusive Listing in ’Sconset

Charming Annie’s Song has been lovingly maintained throughout the years.Annie’s Song is a cheerful sunny yellow three bedroom property with a private backyard, fireplace, wide pine plank floors, and a solid rental record.This sweet little lady on 'Sconset Avenue is being sold completely furnishedand is definitely worth a second glance by anyone interested in purchasing a“turn key” property in ’Sconset. $1,150,000

SERVING NANTUCKET ISLANDOFFICE: 508-257-9698 • FAX: 508-257-9794

EMAIL: [email protected] • WEBSITE: www.edithdelkerrealestate.com27 STONE POST WAY, Box 790 • Siasconset, MA 02564

Edith Delker, Realtor

This beautiful home, designed by Lyman Perry and built by Ron Winters, has recentlybeen completely refurbished and decorated by an interior designer. On almost

3 acres high in Polpis, the views out over Conservation land are stunning! The mainhouse has 4 bedrooms all en suite, cherry wood floors, central a/c and the guest

cottage has 2 bedrooms/2 bathrooms, a full kitchen and there is a 2-car garage aswell. Many decks, a wonderful pergola on the back porch and a terraced pathway

leads to the guest cottage. Turnkey, furnished and ready for summer living.

Debbie Chatham ClevelandOffice: 508.228.6999 x13 • Cell: 508.277.7522

[email protected]

ISLAND PROPERTIES35A Old South Road, Nantucket

... with an ad in the Nantucket Property Journal.

Getting in is simple,fast and inexpensive.

Simple Reserve your ad space and

email your information(Images, text, logo) to :

[email protected] July 12 for the August issue.

FastWe’ll produce your ad forfree and email you a proof.

InexpensiveFrom $75 per issue(you will be invoiced)

Just two more issues of the Nantucket Property Journal will be published in 2010 —August and October. Larger ad sizes also available.

BUSINESS-CARD SIZE AD$75 per issue

ContactDon Costanzo

[email protected] • 221-3268

1/4 PAGE SIZE AD$175 per issue

Jack Bulger, Broker508-221-0829 Mobile

[email protected]

MAIN STREETNantucket

EXCLUSIVE$2,195,000

WONDERFULANTIQUEIn-TownLocation

EXCLUSIVE$875,000

What are you waiting for?

Summer’shere.

Seize the moment ...


Dalton T. Frazier,Principal Broker

19 Centre Street, Nantucket, MA 02554508-228-3202 ext. 11 • 508-360-6517 cell508-228-8756 fax • [email protected]

J Pepper Frazier II,Principal Broker

19 Centre Street, Nantucket, MA 02554508-228-3202 • 508-680-6676 cell

508-228-8756 fax • [email protected]

BUSINESS DIRECTORYSusan ChambersBroker, Sales and Rentals

[email protected] | maurypeople.com508.228.1881 ext. 100 office | 508.560.0671 cell

Maury People Sotheby’s International Realty37 Main Street, Nantucket, MA 02554

Debbie Chatham ClevelandOffice: 508.228.6999 x13 • Cell: 508.277.7522

[email protected]

ISLAND PROPERTIESReal Estate Investments35A Old South Road • Nantucket, MA 02554

Suzi Spring

19 Centre Street, Nantucket, MA 02554

cell: 508-228-8217 • office: 508-228-3202 ext. 22fax: 508-228-8756 • email: [email protected]

[email protected]

Vol. 1 No. 23 � A publication of the Nantucket Association of Real Estate Brokers � March 25, 2010

Carl and Alicia Keller moved into their custom-built, Craftsman Era Bungalow-style home on Creek Lane in Madaket nine years ago.“What few things we wanted, we got,” says Carl of the upside down house with big porchesand an open area plan.“Even though it was just a dream, it worked out perfectly.” The Kellers moved to Nantucket

in 1989 when their older son, Carl, was just a one-year-old.A year later, Noah James was born.These days, the elder Carl works for Cheney Brothers Builders.Alicia is a teacher at the Nantucket Lighthouse School.And as theyhave in the past, the couple will live on a sailboat in the harbor while they rent out their land-locked home.

L I N KNantucket

New Listings March 9 ~ 22

$14,900,000DionisEel Point Road6/6+Lee Real Estate

New Listings continued on page 12

$2,950,000’SconsetCannonbury Lane5/4.5Boyce Realty

$2,895,000TownCopper Lane5/5.5Atlantic East Real Estate

$2,795,000CiscoWesterwyck Way5/3Jordan Real Estate

$2,295,000TownCentre StreetCommercialJ Pepper Frazier Co.

$2,295,000CliffCrooked Lane5/3.5Great PointProperties

$2,195,000TownMain Street8/4.5Coffin Real Estate

OurProperty

JORDI CABRE PHOTO

LINK NANTUCKETA list of all properties

for sale by area and pricePage 2

FIVE THAT SHINETake at look at our

5 Great Values of the week Page 10IN

SID

E

5 MINUTES WITH...Judy Waters discusses her ideal day, and then some

Page 15

PROPERTY NEWSNANTUCKET

www.nareb-online.comNantucket Property JournalNantucket Property News

Online. Anywhere. Anytime.

Leanne (Lili) BakerBROKER

508 228 4449 ext. 121Cell: 508 246 9898

Eight Federal StreetNantucket, MA 02554

TOWNAuthentic, tastefully restored and decorated Main Street home, locat-ed at the corner of Main and BloomStreets. This historic property featuresmost of the original and wonderfuldetails and materials: wide pine floor-ing, mantels, raised paneling, wainscot-ing and fireplaces. A very special housein one of the more desirable locations inthe Town of Nantucket.

$3,350,000

TOWNCompletely restored in 2007 thishistoric, in-town home was original-ly built in the late 1700s. Therestoration was masterfully doneincorporating the original exteriorarchitectural integrity with everypossible convenience on the interior.The lot is oversized affording a patioand yard of generous proportionand there are 4,250 square feet ofliving space in the house.

$2,975,000

POLPISThis new home features a fantastic floorplan and finishes of the highest qualityin one of Nantucket’s most private andserene locations. A must see for the dis-criminating buyer with appreciation fordetail and quality. There is 8,650 sq ftof living space and more than 150 adja-cent acres of conservation land. Two cargarage, pool, Russound stereo systemwith in wall touch-pads throughout; 2central vacuum systems and more. $4,989,000

Craig HawkinsBroker

TOWNBeautifully executed renovation andaddition of a 1930s bungalow design.Located one block from the top ofMain Street, an easy walk to the center of the Historic District andbike ride to several beaches. Excellentcustom millwork throughout thehouse without sparing any cost. Top of the line appliances and nicelyfinished baths. All new systems.House is so well done and finished

it almost reads like new construction. $1,995,000

SHAWKEMOThe quality and finish work through-out this property is exceptional andabsolutely must be seen to be appreci-ated. This incredible main dwellingoffers several living areas and viewsout over abutting conservation land.Studio/pool house, home theatre,wine cellar and family/game roomsand arts and crafts room for the kids.There are five wood burning masonryfireplaces, mahogany wet bar and two

laundry rooms, and additional amenities too numerous to mention. $10,800,000

CLIFFBeautifully restored 1747 antiquehome on desirable Cliff Road just afive minute walk into town. Manyoriginal features intact including fourfireplaces, wide pine flooring, mold-ings and raised paneling. Spaciouscommon areas and living spaces.Kitchen and baths totally remodeled.Magnificent, private yard and gardens, and covered dining patio.

Wonderful views of Nantucket Sound, Brant Point Lighthouse and Town fromroof walk. Two off-street parking spaces. $5,275,000

QUAISESecluded in Quaise at the end of asandy road, this quintessential beachproperty offers harbor views and deeded beach and mooring access justacross the lane. The house has beentastefully renovated yet still feels like awonderful Nantucket cottage. A largegarage with studio and bath above was added approximately 10 yearsago. The yard is enclosed with 6’ privet for total privacy.

$2,625,000

CISCOCompletely restored in 2007 thishistoric, in-town home was original-ly built in the late 1700s. Therestoration was masterfully doneincorporating the original exteriorarchitectural integrity with everypossible convenience on the interior.The lot is oversized affording a patioand yard of generous proportionand there are 4,250 square feet ofliving space in the house.

$2,975,000

®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated, Except Offices Owned And Operated By NRT Incorporated. Information contained herein is believed to be reliable but is not guaranteed.

NEW LISTING

37 Main Street, Nantucket Island, MA 02554 Phone: 508-228-1881 ext. 119 [email protected]

Craig HawkinsBroker

TOWNUnbelievable in-town restorationon a very quiet street, one blockfrom Main. Absolutely no expensespared; new foundations, electrical,plumbing, state of the art heatingand air conditioning system, appli-ances, fixtures, etc, etc. Large,wonderfully landscaped yard.

$4,950,000

TOWNRecently built home on oversizedlot, with beautiful materials anddetails; cherry floors; granite; nicefinish work. Excellent, open floorplan with one bedroom on the firstfloor and four up. Spacious deckand yard, all a ten minute walk to Main Street.

$2,675,000

BRANT POINTIncredibly well executed restoration of a classic, bungalow style beach house with open, full length, coveredporch. New guest cottage just steps away. All materials of the very highest quality both insideand out. Walk to Children's Beach,Town, The White Elephant, BrantPoint and Jetties Beach.

$4,100,000

TOWNBeautifully restored in-town antiqueon an oversized, corner lot.Everything has been replaced; foun-dation, plumbing, electrical, roof, shingles, fireplaces, etc. All originalmoldings, flooring, mantels saved,stripped and refinished. Large yard,garage with storage/work area, off street parking. A beautifully restoredhome with all of the amenities in amost convenient location.$3,875,000

WAUWINETOne of the most spectacular locationson Nantucket, nestled in the duneson the haulover with incredible viewsin both directions. Walk out the frontdoor to the beach or down the drive-way to the harbor and boat moor-ings. Enjoy beautiful sunrises andsunsets.

$12,900,000

CLIFFRare opportunity to acquire a premier private waterfront estate ofunparalleled quality. Extraordinarycraftsmanship and attention to everydetail, the main house and guest quar-ters are designed and situated to takefull advantage of views of the Sound.Multiple outdoor entertaining andliving spaces including covered decks,patios, hot tub, privately situatedplayground and garden reading nooks.

$23,950,000

POLPISA wonderfully private, secludedproperty in Polpis overlooking over ahundred acres of conservation landto Nantucket Harbor, Coatue andbeyond. New, beautifully designedfive bedroom/6.5 bath home of thefinest quality construction, hardware,finishes and appliances. Only aneight minute drive to town, thisunique property comes with two

boat moorings and is close to harbor beaches. Room for expansion andgarage. Beautiful infinity pool overlooking conservation.

$6,950,000

TOWNNicely renovated antique with exceptionally large back yard andbeautiful landscaping. Three finishedfloors plus basement and a wonderful floor plan for families and largegroups. Fantastic, bright kitchen with French doors leading to patio and yard. Two off-street parking spaces.

$4,465,000

®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated, Except Offices Owned And Operated By NRT Incorporated. Information contained herein is believed to be reliable but is not guaranteed.

NEW LISTING

NEW LISTING

37 Main Street, Nantucket Island, MA 02554 Phone: 508-228-1881 ext. 119 [email protected]


Atlantic East Real Estate508-228-77075 N. Water StreetNantucket, MA [email protected] www.atlanticeastre.com

Bamber Real Estate508-228-1416159 Orange StreetNantucket, MA [email protected]

Bennett Witte Real Estate508-269-3309PO Box 1176Nantucket, MA [email protected]

Blue Water Real Estate617-899-140121 Broad StreetNantucket, MA [email protected]

Boyce Realty508-257-6962PO Box 453Siasconset, MA [email protected]

Chatfield-Taylor Real Estate508-228-582891 Washington Street Ext.PO Box 1881Nantucket, MA [email protected]

Coffin Real Estate508-228-113840 Centre StreetNantucket, MA [email protected]

Compass Rose Real Estate508-325-5500137A Orange Street PO Box 935Nantucket, MA 02554cynthia@compassroserealestate.comwww.compassroserealestate.com

Congdon & Coleman Real Estate508-325-500057 Main Street PO Box 1199Nantucket, MA [email protected]

Cooper Shepherd Associates508-228-5668Zero Main Street Nantucket, MA [email protected]

Country Village Real Estate508-228-884012 Straight WharfNantucket, MA [email protected]

David Webster & Associates508-228-506644 Madaket RoadPO Box 1109 Nantucket, MA [email protected]

Denby Real Estate508-228-2522The Gallery @ 5 N. Water StreetNantucket, MA [email protected]

Edith Delker Real Estate508-257-969827 Stone Post Way PO Box 790Siasconset, MA [email protected]

Figurehead Realty508-228-449526 Milk Street Nantucket, MA [email protected]

Great Point Properties508-228-08901 North Beach Street Nantucket, MA [email protected]

Island Properties508-228-699935A Old South RoadNantucket, MA [email protected]

Islandwide Realty508-228-6396PO Box 987Nantucket, MA [email protected]

J Pepper Frazier Co.508-228-320219 Centre Street Nantucket, MA [email protected]

Jordan Real Estate508-228-44498 Federal StreetNantucket, MA [email protected]

Killen Real Estate508-228-097610 Easy StreetPO Box 1166Nantucket, MA 02554www.killenrealestate.com

LandVest508-325-509028 Centre StreetNantucket, MA [email protected]

Lee Real Estate508-325-580058 Main Street Nantucket, MA [email protected]

Maury PeopleSotheby’s International Realty

508-228-188137 Main Street Nantucket, MA [email protected]

Nantucket Real Estate508-228-253015 North Beach StreetNantucket, MA [email protected]

Osprey Real Estate508-228-7890 PO Box 955Nantucket, MA [email protected]

Preferred Properties508-228-2320 76 Easton StreetNantucket, MA 02554brokers@preferredpropertiesre.comwww.preferredpropertiesre.com

Pro Buyer Associates508-228-750077 Sparks AvenueNantucket, MA [email protected]

Roger L. Seitz & Associates508-325-565636 Friendship LaneNantucket, MA [email protected]

Royal Colley Real Estate508-228-400552 Tennessee AvenuePO Box 2330Nantucket, MA [email protected]

‘Sconset Real Estate508-257-6355Post Office SquarePO Box 122Siasconset, MA 02564www.coffinrealestate.com

Tea Rose Realty508-228-771922 Golfview DrivePO Box 19Nantucket, MA 02554www.tearosenantucket.com

Vaughan Machado Real Estate508-228-50625 Sesapana RoadPO Box 1095Nantucket, MA [email protected]

Welch & Associates Inc. RG508-228-77777 Nashaquisset LaneNantucket, MA [email protected]

Westbrook Real Estate508-257-6206PO Box 262Siasconset, MA [email protected]

Windwalker Real Estate508-228-911712 Oak StreetNantucket, MA [email protected]

NANTUCKET ASSOCIATIONOF REAL ESTATE BROKERS NAREB DIRECTORY

Massachusetts has a mandatory licensee-consumer relationship disclosure that will be provided to you, the consumer,by the real estate agent that you choose to work with. Please make sure to complete this form with your broker, so that agency is disclosed.

nareb journal july 2010

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