NAREB News March 24, 2011

24
PROPERTY NEWS NANTUCKET Vol. 2 No. 23 A publication of the Nantucket Association of Real Estate Brokers March 24 ~ April 6, 2011 INSIDE WHAT’S ON THE MARKET? The exclusive list of all properties for sale on Nantucket. Page 6 CHECK OUT THIS GREAT VALUE A 3-bedroom home, with an attached apartment, for under $600,000. Page 21 PROPERTY CLASSIFIEDS What’s for sale? What’s for rent? Page 23 Y ou can shy away from Nantucket’s annual Town Meeting, begging off because of the ennui-filled zoning discussions, laborious amendment-making process and the always- painful budget articles. But, this year is one that should not be missed. Yes, there are what have come to be the inescapable annual, neighborhood-changing revisions to the island’s zoning districts. These include swapping residential for commercial uses, or tweaking the density of developable lot space — there’s 11 of them. But, the real hand- raisers this year are of the energy and money saving persuasion at the municipal level. With the town’s fiscal challenges, lowering its energy costs and shedding excess real estate are two options embodied in articles on this year’s warrant. There are also several long- standing infrastructure improvement proposals. Municipal renewable energy In 2006, in a non-binding referendum on Nantucket’s election ballot, 61 percent of the voters said “no” to the then proposed wind farm in Nantucket Sound. However, the mood of no wind energy at sea does not hold water on land Zoning articles, continued on page 13 Zoning and fiscal thrift meet renewable energy A worker secures a steel beam on the new Dreamland Theater this week. ROB BENCHLEY PHOTO T o my mind, the typical attorney is an intimidating person. Lawyers are kind of like the dentist. They’re just somebody you don’t want to go see. It’s not that they’re mean or unkind or anything like that. I’ve certainly got more than my fair share of legal-minded family members, and most of them are actually pretty nice people. Rather, it’s just that when you go see a lawyer in their office, it typically means something is wrong. Something is wrong enough, in fact, that you need legal guidance. And that’s never a good thing. And then when you start writing about lawyers, you’ve really got to watch what you say, which adds a whole new dimen- sion of trepidation. Like I said, the typical attorney is an intimidating person. Suffice it to say that Sarah Alger is not your typical attorney. Born in Hyannis and raised in Osterville, this most non-intimidating of lawyers began her legal career in the most unlikely of ways: she first honed her legalese by studying Romance languages at Dartmouth College in New Hampshire. “I never thought about being a lawyer,” SARAH ALGER BY ANDREW SPENCER PROPERTY NEWS WRITER CONVERSATIONS Alger, continued on page 12 Town Meeting 2011 T hough it has been roundly defeated several times in the past dozen years, a proposal to impose a new local occupancy tax is resurfacing at this year’s Annual Town Meeting as Article 31, a Home Rule Petition. Town Meeting 2011 opens at 6 p.m. on Monday, April 4 in the high school auditorium. Some in the commercial lodging indus- try already required to charge a room tax, view this local option extending to rentals of private homes as essentially leveling the playing field because then every lessor ROB BENCHLEY PHOTO By Mary Lancaster Property News Writer By Peter B Brace Property News Writer Occupancy tax article resurfaces “There is a human cry to raise money for the town, but I don’t think this is the way to do it. It’s on the back of the tenants. We will drive down even further the average family who would come here and go fishing and eat out. We are already losing those people.” Cindy Lenhart, Compass Rose Real Estate Tax, continued on page 14 •••••••••

description

Bi-weekly updates on the Nantucket Real Estate Market and Nantucket news issued by the Nantucket Association of Real Estate Brokers.

Transcript of NAREB News March 24, 2011

Page 1: NAREB News March 24, 2011

PROPERTY NEWSNANTUCKET

Vol. 2 No. 23 � A publication of the Nantucket Association of Real Estate Brokers � March 24 ~ April 6, 2011

INS

IDE WHAT’S ON

THE MARKET?The exclusive list of all properties for sale on Nantucket.Page 6

CHECK OUT THISGREAT VALUEA 3-bedroom home, withan attached apartment,for under $600,000.Page 21

PROPERTYCLASSIFIEDSWhat’s for sale? What’s for rent?Page 23

You can shy away from Nantucket’s annual

Town Meeting, begging off because of the

ennui-filled zoning discussions, laborious

amendment-making process and the always-

painful budget articles.

But, this year is one that should not be

missed.

Yes, there are what have come to be the

inescapable annual, neighborhood-changing

revisions to the island’s zoning districts. These

include swapping residential for commercial

uses, or tweaking the density of developable lot

space — there’s 11 of them. But, the real hand-

raisers this year are of the energy and money

saving persuasion at the municipal level.

With the town’s fiscal challenges, lowering

its energy costs and shedding excess real estate

are two options embodied in articles on this

year’s warrant. There are also several long-

standing infrastructure improvement proposals.

Municipal renewable energy

In 2006, in a non-binding referendum on

Nantucket’s election ballot, 61 percent of the

voters said “no” to the then proposed wind farm

in Nantucket Sound. However, the mood of no

wind energy at sea does not hold water on land

Zoning articles, continued on page 13

Zoning and fiscal thrift meet renewable energy

A worker secures a steel beam on the new Dreamland Theater this week.ROB BENCHLEY PHOTO

To my mind, the typical attorney is an

intimidating person. Lawyers are kind

of like the dentist. They’re just somebody

you don’t want to go see. It’s not that

they’re mean or unkind or anything like

that. I’ve certainly got more than my fair

share of legal-minded family members,

and most of them are actually pretty nice

people. Rather, it’s just that when you go

see a lawyer in their office, it typically

means something is wrong. Something is

wrong enough, in fact, that you need legal

guidance. And that’s never a good thing.

And then when you start writing about

lawyers, you’ve really got to watch what

you say, which adds a whole new dimen-

sion of trepidation. Like I said, the typical

attorney is an intimidating person.

Suffice it to say that Sarah Alger is not

your typical attorney.

Born in Hyannis and raised in

Osterville, this most non-intimidating of

lawyers began her legal career in the most

unlikely of ways: she first honed her

legalese by studying Romance languages

at Dartmouth College in New Hampshire.

“I never thought about being a lawyer,”

SARAHALGERBY ANDREW SPENCERPROPERTY NEWS WRITER

CONVERSATIONS

Alger, continued on page 12

Town Meeting2011

Though it has been roundly defeated

several times in the past dozen years, a

proposal to impose a new local occupancy

tax is resurfacing at this year’s Annual

Town Meeting as Article 31, a Home Rule

Petition. Town Meeting 2011 opens at 6

p.m. on Monday, April 4 in the high school

auditorium.

Some in the commercial lodging indus-

try already required to charge a room tax,

view this local option extending to rentals

of private homes as essentially leveling the

playing field because then every lessor

ROB BENCHLEY PHOTO

By Mary LancasterProperty News Writer

By Peter B BraceProperty News Writer

Occupancytax articleresurfaces

“There is a human cry to raise money forthe town, but I don’t think this is the wayto do it. It’s on the back of the tenants.We will drive down even further the

average family who would come here and go fishing and eat out.

We are already losing those people.”

Cindy Lenhart,Compass Rose Real Estate

Tax, continued on page 14

•••••••••••••••••••••••••••••

Page 2: NAREB News March 24, 2011

Gary WinnBroker / Cell: 508.330.3069

Brian Sullivan

Page 3: NAREB News March 24, 2011

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

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

Bennett Witte Real Estate508-269-3309PO Box 1176Nantucket, 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 02554compass@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 Estate508-228-884010 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]

Grey Lady Properties508-257-00645 Chuck Hollow RoadPO Box #2668Nantucket, MA [email protected]@greyladyproperties.comwww.greyladyproperties.com

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

LandVest508-325-5090Anchor Village37 Old South Rd #5Nantucket, 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]

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]

‘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]

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 DIRECTORY

NANTUCKETPROPERTY NEWS

EditorDon Costanzo

Contributors

DistributionKen Turgeon

A Publication of the NantucketAssociation of Real Estate Brokers

PresidentKen Beaugrand

Past PresidentBill Liddle

TreasurerBernie Coffin

Vice PresidentCynthia Lenhart

SecretaryDalton Frazier

Members at LargeKenneth Lindsay & David Boyce

Nantucket Property News is published every other week by the NantucketAssociation of Real Estate Brokers and is distributed free on Nantucket.All content of this newspaper, including without limitation the design,

advertisements, art, photos and editorial content is Copyright “C” 2011, NAREB.No portion of this newspaper may be copied or reprinted without the express written permission of the publisher. Nantucket Property News is a registered

trademark of NAREB, PO Box 335, Nantucket, MA 02554.

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

www.nareb-online.com

March 24, 2011 • Nantucket Property News • 3

FEATURES

ADVERTISER INDEX2 Maury People/Sotheby’s

5 Lee Real Estate

6 Great Point Properties

8 Atlantic East NantucketReal Estate

11 Island Properties

15 Maury People/Sotheby’s

15 Coffin Real Estate

16 J Pepper Frazier Co.

17 Jordan Real Estate

18 Michael Angelsatro

18 Boyce Realty

19 Killen Real Estate

24 Compass Rose Real Estate

1 Conversations Sarah Alger

4 LINK Nantucket The only comprehensive list of properties for sale on Nantucket

4 Get Real with Andrew Spencer

21 5 Great Values,Today

22 Property Transfers

23 Nantucket Property Sales & Rentals Classifieds

23 Mortgage Rates

Rob BenchleyPeter B. Brace

Jordi Cabre

Mary LancasterAndrew SpencerPeter A. Sutters

CO

NT

EN

TS

Page 4: NAREB News March 24, 2011

4 • Nantucket Property News • March 24, 2011

High Traffic Areas

There’s been a lot of talk recently about the need for a park-

ing garage in downtown Nantucket. Well, I think it’s time

that I offered an alternative solution.

Build a house.

You heard me right. Build a house. Or, barring that, do a ren-

ovation, or an addition, or any kind of home improvement

project that involves a local contractor. Here’s what happens

when you do that. You hire the person to do the work on your

house and this starts a labor-intensive process that involves a

lot of people and a lot of meetings and a lot of talking and a lot

of creating and modifying plans. And the thing that is most

important to the entire process, regardless of the actual size of

the project itself, is communication with those people who are

involved in the process.

Just like in any good relationship, communication is key.

Talk to the people who are doing the work. And start the con-

versation long before the first hole is dug or the first hammer

is swung or the first board is cut. Make sure everyone is on the

same page so that there are no surprises in the end. Or at least

as few a number of surprises as is humanly possible. And I

don’t just mean talk to the lead contractor. Make sure you’re in

conversations with every member of the team, right down to

the guy whose job it is to sweep the floor at the end of the day.

An important note here that needs to be mentioned.

Oftentimes contractors prefer to be the single point of commu-

nication in a project, which means that they prefer you not go

bothering their subcontractors with issues you might think are

important. It’s important –— vital is not too strong a word —

that you, as the client, respect your contractor’s wishes.

However, you also need to remember that you are, in fact, the

customer here, and if you want to talk to the electrician or the

painter or the guy building the staircase, you’ve got every right

to do so. Just make sure to go through your contractor first so

that everyone is on the same page. Communication is a two-

way street, and it’s just as important for you to respect your

contractor’s wishes regarding communication as it is for him to

respect yours.

Speaking of two-way streets, this is the part where I explain

my solution for the traffic issues that seem to plague us every

summer. A job site is oftentimes a hectic, messy place to have

a meeting where you hope to be able to hear yourself think, let

alone talk. Between nail guns and table saws and radios,

there’s enough noise inside a construction project to drown out

even the loudest of talkers. I’ve got the solution for you, and

I’m going to solve your parking problems while I’m at it.

Get in your car and drive downtown. Now you’re all sitting

there thinking that Andrew’s lost his marbles. Maybe the reces-

sion has finally gotten to his brain and he can’t think straight

any longer. Or maybe it’s the winter taking its toll on him.

But I digress.

So, you’re driving downtown. And since you’re on

Nantucket, it’s a small town where you oftentimes happen to

see folks you know driving the other direction. With a little

planning on your part, you can time it so that you and your

contractor are driving in opposite directions on, let’s say,

Washington Street at the same time. You see each other, and

being the friendly types you are, you wave to each other. And

because you’re on Nantucket, you can kick it up a notch. That’s

right. Stop your car. Put it in park. Have your conversation

right there in the middle of Washington Street, and if people

behind you get a little irked, remind them that they’re on

Nantucket and this “ain’t the mainland” and it’s a quaint little

custom we have out here on the Island of Quaint Little

Customs. And the beauty of this thing is if you just get out of

your car, you can continue your conversation while you run the

errands you need to run while you’re in town. And everyone

behind you can do what they need to do, too. Everyone gets a

parking spot and we didn’t have to build a parking garage.

Problem solved.

Andrew Spencer, a fifth-generation summer resident-turned-year-rounder, has been writing about Nantucket since moving to theisland full-time in 2002. He is the author of, “Tower of Thieves:Inside AIG’s Corporate Culture of Greed,” and also the co-author of“Bear Trap: The Fall of Bear Stearns and the Panic of 2008.”

GET REAL with AAnnddrreeww SSppeenncceerr

AreaBed/ Lot Listing

Price Street Bath Size Type Office

AreaBed/ Lot Listing

Price Street Bath Size Type Office

L I N KProperties for Sale on Nantucket

Brant Point$799,000 North Beach St 2/2 0.07 SF ISLP

$800,000 Easton St 2/1 0.12 SF KILL

$950,000 Easton St 2/1 0.18 SF KILL

$975,000 North Beach St 5/5 0.19 Com ISLP

$1,350,000 Cornish St 3/2 0.10 SF KILL

$1,550,000 Dolphin Court 0/0 0.14 Land FRAZ

$1,595,000 Sylvia Lane 3/2 0.23 SF FRAZ

$1,695,000 Willard St 2/2.5 0.05 SF BAMB

$1,695,000 Willard St 3/2 0.04 SF CONG

$1,795,000 North Ave 8/3.5 0.94 SF KILL

$2,295,000 North Beach St 4/4.5 0.21 SF CSAA

$2,295,000 North Beach St 4/4.5 0.15 SF GLDY

$2,365,000 Stone Barn Way 2/2.5 0.14 SF CSAA

$2,400,000 North Beach St 4/2 0.18 SF MAUR

$2,695,000 East Lincoln Ave 4/3 0.10 SF WWRE

$2,995,000 Dolphin Court 5/5.5 0.13 SF FRAZ

$3,299,000 Brant Point Rd 5/3.5 0.65 SF WWRE

$3,975,000 Easton St 4/3.5 0.13 SF MAUR

Cisco$519,000 Somerset Rd 0/0 0.25 Land MAUR

$1,545,000 Moby Way 4/2 0.58 SF ISLP

$1,625,000 Aurora Way 4/3.5 0.00 SF FRAZ

$1,995,000 Moby Way 4/2 0.50 SF CSAA

$2,495,000 Westerwyck Way 5/3 0.46 SF MAUR

$2,995,000 Austine Locke 0/0 0.72 Land CONG

$3,475,000 Osprey Way 3/3.5 0.42 SF MAUR

$3,699,000 Caroline Way 4/3.5 0.55 SF MAUR

$3,995,000 Falmouth Ave 5/4.5 0.24 SF MAUR

Cliff$759,900 Cliff Rd 2/2 0.00 Condo JORD

$910,000 Delny Rd 0/0 0.14 Land MAUR

$975,000 Delny Rd 3/3 0.22 SF ISLP

$1,285,000 Derrymore Rd 5/3 0.20 SF CVIL

$1,650,000 Cliff Rd 0/0 1.84 Land ISLP

$1,899,000 Pilgrim Rd 4/4 0.50 SF COFF

$2,250,000 Cliff Rd 7/4 0.67 SF FRAZ

$2,395,000 North Star Ln 4/3.5 0.18 SF PREF

$2,445,000 Kite Hill Ln 3/4 0.12 SF MAUR

$2,475,000 Cliff Rd 4/3 0.46 SF MAUR

$3,395,000 Cliff Rd 5/4.5 0.29 SF MAUR

$3,950,000 Maxey Pond Rd 5/7 2.31 SF CVIL

$4,350,000 Deacons Way 5/5 2.00 SF MAUR

$5,275,000 Cliff Rd 5/4.5 0.14 SF MAUR

$6,750,000 Lincoln Circle 7/3 0.38 SF GTPT

$6,900,000 Hallowell Ln 4/3.5 0.58 SF WWRE

$9,800,000 Cliff Rd 8/7 0.56 SF JORD

$23,700,000Sherburne Way 5/4.5 1.66 SF MAUR

$23,750,000Lincoln Ave 7/10.5 0.79 SF MAUR

Dionis$1,695,000 Swift Rock Rd 3/2.5 1.00 SF MAUR

$1,925,000 Bishops Rise 4/3.5 1.95 SF JORD

$2,395,000 Eel Point Rd 5/4 2.02 SF WWRE

$2,875,000 Fintry Ln 7/7.5 1.84 SF ISLP

$3,150,000 Primrose Ln 4/3.5 2.00 SF JORD

$4,995,000 Lavendar Ln 6/6.5 1.84 SF FRAZ

$5,950,000 Eel Point Rd 0/0 5.09 Land MAUR

$9,995,000 Eel Point Rd 0/0 13.46 Land AERE

Hummock Pond$695,000 Aurora Way 0/0 0.15 Land FRAZ

$995,000 Austin Farm Dr 3/2 0.92 SF AERE

$1,150,000 Pond Rd 4/4 0.49 SF FRAZ

$1,395,000 Aurora Way 4/3.5 0.12 SF FRAZ

$1,495,000 Aurora Way 4/3.5 0.15 SF MAUR

$2,995,000 Hummock Pond 6/5.5 0.74 SF COMP

Madaket$324,000 Arkansas Ave 2/2 0.05 SF GTPT

$325,000 Arkansas Ave 2/2 0.07 SF AERE

$350,000 Arkansas Ave 3/2 0.08 SF AERE

$489,000 Arkansas Ave 3/2.5 0.07 SF COFF

$660,000 Rhode Island Ave 3/2 0.23 SF WWRE

$825,000 Ridge Ln 3/2 0.23 SF CVIL

$875,000 L St 2/1 0.46 SF ISLP

$995,000 Washington Ave 3/2 0.23 SF CSAA

$999,000 Washington Ave 3/1.5 0.19 SF MAUR

$1,100,000 New Jersey Ave 2/1 0.45 SF MAUR

$1,195,000 Warrens Landing 3/2 1.26 SF JORD

$1,389,000 Long Pond Dr 4/3.5 0.93 SF AERE

$1,799,000 Washington Ave 2/3.5 0.18 SF WWRE

$1,995,000 Starbuck Rd 4/3.5 0.48 SF MAUR

$1,995,000 Starbuck Rd 4/3 0.74 SF FRAZ

$2,995,000 H St 4/3.5 0.41 SF MAUR

$3,750,000 Tennessee Ave 2/2 0.29 SF GTPT

Madequecham$850,000 Russell St 0/0 0.58 Land BAMB

$1,275,000 Wigwam Rd 4/2.5 1.16 SF CSAA

$1,780,500 Mad. Valley Rd 2/1.5 1.70 SF AERE

$1,895,000 Mad. Valley Rd 5/3.5 1.38 SF MAUR

$2,295,000 Mad. Valley Rd 4/2.5 0.69 SF MAUR

$2,295,000 Mad. Valley Rd 0/0 3.09 Land GLDY

$2,575,000 Wigwam Rd 4/5 1.16 SF CVIL

$2,695,000 Mad. Valley Rd 3/3 1.17 SF MAUR

$3,900,000 New South Rd 4/3 20.81 SF KILL

$4,900,000 Mad. Valley Rd 6/5.5 2.93 SF MAUR

Miacomet$407,000 Mikes Dr 0/0 0.46 Land GTPT

$429,000 Miacomet Ave 3/2 0.11 SF COFF

$435,000 Somerset Ln 0/0 0.46 Land GTPT

$511,000 Somerset Rd 0/0 0.45 Land CSAA

$511,000 Sommerset Rd 0/0 0.45 Land CVIL

$575,000 Miacomet Ave 3/1 0.16 SF COFF

$630,000 Valley View Dr 3/3 0.17 SF MAUR

$695,000 Celtic Dr 6/4 0.20 MF MAUR

$695,000 Doc Ryder 0/0 0.61 Land MAUR

$799,000 Catherine Ln 3/3.5 0.71 SF MAUR

$949,000 Miacomet Ave 3/2 0.32 SF COFF

$950,000 Somerset Rd 3/2.5 0.45 SF COFF

$999,500 Sleepy Hollow 4/5 0.29 Condo MAUR

$1,399,000 Windy Way 1/1.5 0.00 Com MAUR

$1,995,000 Miacomet Rd 3/2.5 1.80 SF MAUR

Mid Island$95,000 Salros Rd 0/0.5 0.23 Condo CSAA

$120,000 Salros Rd 0/0.5 0.23 Com CSAA

$219,000 Pine Crest Dr 0/0 0.16 Land MAUR

$225,000 Bartlett Rd 0/0 0.14 Land WWRE

$225,000 Perry Ln 0/0 0.12 Land WWRE

$240,000 Backus Ln 0/0 0.26 Land MAUR

$240,000 Backus Ln 0/0 0.33 Land MAUR

$245,000 Pine Crest Dr 0/0 0.14 Land MAUR

$275,000 Bartlett Rd 0/0 0.23 Land BAMB

$289,500 Essex Rd 3/2.5 0.12 Condo MAUR

$289,500 Essex Rd 3/2.5 0.12 Condo MAUR

$324,900 Mary Ann Dr 4/4 0.00 Condo FRAZ

$339,000 Park Circle 3/2 0.00 Condo CONG

$345,000 Essex Rd 3/1 0.00 Condo CSAA

$349,000 Salros Rd 2/1 0.23 Com CSAA

$389,000 Salros Rd 4/3 0.23 Com CSAA

$395,000 Amelia Dr 0/1.5 0.00 Condo COFF

$399,000 Park Circle 3/2.5 0.00 Condo KILL

$430,000 Hinsdale Rd 2/2.5 0.06 Condo WWRE

$440,000 Park Circle 3/2.5 0.00 Condo GTPT

$449,000 Backus Ln 3/2 0.26 SF MAUR

$449,000 Hinsdale Rd 2/2.5 0.00 Condo COMP

$449,000 Nobadeer Farm 0/1 0.16 Com JORD

Continued on page 10

Page 5: NAREB News March 24, 2011
Page 6: NAREB News March 24, 2011

In Town with Pool Four bedroom house, two bay garage, with a onebedroom apartment above, and a Gunite poolsituated on nearly a half acre of manicured land inTown. The property has been well-maintainedincluding 2010 improvements of a new roof, newback deck, tile in the bathrooms and new countersand cabinetry in the kitchen. The home boasts aconsistent summer rental history and is within ashort stroll to area shops and restaurants.

$2,375,000

West York Duplex Two-family “up & down” duplex building consisting of two, 3-bedroom,1.5-bath apartments. There are four legal parking spaces and a fullunfinished basement. Convenient to everything. Large side and reardeck.

$579,000

Landmark Lincoln Circle PropertyFabulous Victorian antique on an oversized lot. This bright and sunnysummer home offers ample room for expansion and potential for sub-division. Ideally located across from Steps Beach. Harbor and Soundviews from many rooms.

$6,750,000

Exceptional Detail & Style

This lovely three bedroom home on an over-sized lot has room for expan-sion or a second dwelling. The rear deck and large, private backyard andgarden offer wonderful outdoor areas for relaxing, dining and entertain-ing. The kitchen and both bathrooms were updated in 2008. This charm-ing and comfortable home is very conveniently located.

$595,000

Private Lot in MiacometAbutting 31 acres of Land Bank land, this half acre building lot comeswith Emeritus Development designed plans to build a 3 bedroom, 3.5bath home with pool. This private lot is conveniently located nearMiacomet Golf, Bartlett's Farm, and the south shore beaches.

$407,000

Perfect Waterfront Retreat Enjoy breathtaking sunsets and endless water views of forever-preservedHither Creek, Madaket Harbor and beyond to Tuckernuck from the privatedock, expansive deck and from inside this incredibly designed, renovatedhome. The “Hither Creek House” has been meticulously upgraded to maintainits authentic charm and history while offering top-of-the-line appliances andappointments. Property offers the addition of a boathouse.

$3,750,000

Commercial OpportunitiesNewly renovated commercial condominiums. Unit 4 ($895,000) is 1,096sq.ft on the first floor and Unit 6 ($450,000) is 620 sq. ft. on the second floorof the Sanford Boat Building in the mid-Island commercial district. Great on-site parking. Close to Nantucket Bank, The Seagrille, Stop & Shop and otherstores. Unit 6 has a distant view of the Harbor. Unit 4 has a Tenant at Willand the real estate is being offered for sale only.

Both units for: $1,345,000

Ocean Access Moments AwayPrivate and very charming three bedroom Wauwinet area home. Thelarge, lovely yard and gardens offer separate areas to dine, relax orplay. A 22,200+ square foot lot in 5,000 square foot zoning allows forsignificant expansion to create the beach house of your dreams. Deededbeach access to the Squam beach. Easy access to the Wauwinet Inn,Toppers and Great Point. $1,950,000

In-town on a Quiet Side StreetWonderful property on a quiet in-town lane. A charming gambrel stylehouse with an inviting covered porch on the front and a lovely arborgate from the street. In addition there is a three bedroom secondarydwelling/apartment with a two car garage. Oversized lot with patio andgrass areas, as well as ample parking. The property also has a greatrental history.

$2,250,000

Uncompromising Beach EstateOne of a kind! Stunning new oceanfront custom built five bedroommain house on three finished floors with gracious and dramatic livingspaces and wonderful lower level game room in addition to a beauti-ful three bedroom guest house with a well equipped kitchen and adetached two car garage with an office space above. Offered fully furnished and equipped.

$19,900,000

Page 7: NAREB News March 24, 2011

Landscaped Oasis Moments from Town

Tucked in on a beautifully landscaped lot on a very quietstreet a short distance from Town, this impeccably maintained and tasteful four bedroom, three bath homeoffers an open floor plan which was thoughtfully designedand appointed.

$2,095,000

Attractive Cape with OptionsCape style home located on a large lot in a quiet neighborhood. Threefloors of living space. Unique lot configuration and zoning allow for asecond dwelling and a commercial building that would appear like itwas on a separate parcel fronting on Old South Road.

$849,000

Renovated AntiqueCompletely renovated 1800s house located on a quiet street a short dis-tance to town and the Great Harbor Yacht Club. This charming three bed-room home is tucked away in a convenient location with a private patioideal for grilling and relaxing.

$1,295,000

Sleepy HollowRambling single story in-town home several blocks to Upper MainStreet. This four bedroom home is tucked in on a quiet side street andfeatures a wonderful courtyard garden and an enclosed terrace. Thehouse was updated in the 1990s and has bright and open livingspaces and a recently renovated kitchen with granite counters andstainless appliances.

$1,495,000

WoodburyFurnished in-town home with private hedged-in gardens with room fora pool. Four bedrooms with ensuite bathrooms along with a private stu-dio with a full bath creates a wonderful home for a family and enter-taining. Cherry flooring, detailed custom paneling and window shuttersthroughout help create a gracious home with style and comfort.

$2,595,000

Westmoor Barn with PlansThis large barn awaits renovation into a special post and beam home.There are approved 2006 plans by Milton Rowland for a 5 bedroom, 4full bath, and 2 half bath home. A building permit was issued in 2008.The barn is situated on an oversized .64 acre lot in R20 zoning allowingadditional room for a guest cottage and pool. There is an existing out-building that could be used as the cottage or garage.

$2,495,000

Amazing Oceanfront PropertyPanoramic views over the Tom Nevers Bluff, the Atlantic Ocean, and allthe way to Sankaty Light. Beach stairs right in front through the dunesto the beautiful surf beach. Watch and listen to the surf from your cov-ered porch, second floor deck or roofwalk. There is some expansionpotential and room for a swimming pool.

$2,895,000

Polpis HarborfrontBeautiful country setting on Polpis Harbor with sweeping views over saltmarshes out to Polpis Harbor. Magnificent oak trees and varied topog-raphy make this a special site.

$3,500,000

Impeccable off Surfside RoadPerfect for a buyer who recognizes and appreciates stylish details andamenities, this impeccably maintained four bedroom, four bath home isconvenient to Town, schools and the Surfside bike path. Situated on anelevated lot, this turn-key property includes a deck which runs along theback of the home overlooking the manicured yard enclosed with matureplantings ensuring privacy.

$799,000

Madaket Townhouse This three level end unit town house is a great opportunity for the firsttime home buyer offering incredible potential. Recent improvementsinclude new windows, new interior paint, tile in the bathrooms andentryway as well as brand new kitchen appliances.

$324,000

Page 8: NAREB News March 24, 2011

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

Almost in Town

This spacious single story home features 3 bed-rooms with a welcoming open floor plan. Adesirable location with a sizable yard and attachedgarage.

$865,000Listing Broker: Ken Beaugrand

Over 13 acres

Of unspoiled land with panoramic 2nd floorviews of Nantucket Sound. Abuts Conservationland. Potential for subdivision. Peaceful locationnear the north shore. Please call for details.

Listing Brokers: Ken Beaugrand

Points of ViewBright and spacious upside- down home offersgracious summer living with views of Long Pondand Madaket Harbor. Two living areas, four bed-rooms, three full baths and large south facingdeck complete this well-maintained home.Move right in!

$1,389,000Listing Broker: Penny Dey, GRI, ABRM

Notable Whaling Era Home

Located in the historic district and built in 1806by Clovis Black, a ship’s carpenter. Recentupdates include a new kitchen, bathrooms, ACand furnace. Generous rooms, hedged yard and3 off street parking spots.

$2,850,000Listing Broker: Ken Beaugrand

Secluded Surfside Setting …On nearly two acres. Just minutes to the beach andthree miles to town. This stately four bedroomColonial style home offers three and a half baths, firand tile floors,a fireplace,a soaring ceiling and expans-es of glass overlooking the private back yard and deck.Wonderful southern exposure and room to expand.

$1,395,000Listing Broker:Mary Malavase,ABR,RSPS,TRC

On the Way to Cisco…

An ideal location for summer or year round liv-ing. This custom built, cape style home offers 3bedrooms, 2 baths, an inviting living area withcathedral ceiling & fireplace and an attachedgarage. Almost an acre of land.

$995,000Listing Broker: Ken Beaugrand

Sconset Land

Over a quarter of an acre with town water &sewer available. Located off Clifton Street. Pleasecall for more details.

$589,900Listing Broker: Ken Beaugrand

First Floor Living

From this 3 bedroom 2 bath home on the edgeof town. Desirable open floor plan, plenty ofstorage and room to expand.

$725,000Listing Broker: Ken Beaugrand

Oceanfront Living

This wonderful property is the best waterfrontvalue on the market! 2+ acres of land with 200’of oceanfront beach in one of the best surfing andfishing areas on the island. Keep it simple, as is, orbuild your own perfect beach house on this idealspot on the south shore.

$1,780,500Listing Broker: Jane Miller, ABR, RSPS

Page 9: NAREB News March 24, 2011

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

Everything You Ask For

4 bedrooms,3 baths, 2 fireplaces, open floor plan,stylish kitchen, extraordinary outdoor livingspace, full basement & a covered porch. Over ahalf acre of land with room to expand.

$998,000Listing Broker: Heidi Drew, ABR, RSPS

Quidnet Near the Sea

Complete the courtyard and create your ownsecret garden by the sea. Then, turn things upsidedown and climb to the glorious views of theocean, pond and Sankaty Light. Stunning viewsare protected. Truly a one of a kind property.

$1,490,000Listing Broker: Penny Dey, GRI, ABRM

Charming and Bright...home nestled on a quiet cul-de-sac in Nashaquisset.Open floor plan for easy entertaining. Three gener-ous bedrooms with three full bathrooms.Nashaquisset offers year round caretaking,use of pooland tennis courts and magnificent landscaping.Property is for sale partially furnished.

$790,000Listing Brokers: Melinda Vallett and Penny Dey

A Peaceful View

From this 2 bedroom and 2 bath town house.Three floors of living space and 2 decks for out-door enjoyment.

$325,000Listing Broker: Ken Beaugrand

Tom Nevers Land

A one acre lot (located in LUG 3 zoning) in TomNevers! A great opportunity to build a newhome on Nantucket Island. Potential for distantsecond floor water views.

$450,000Listing Broker: Meg Ruley, ABR, RSPS

Mizzenmast Sunset

Modern home with 3 bedrooms & 2 baths isbeautifully landscaped and just right for yearround living or as a low maintenance secondhome.

$795,000Listing Broker: Ken Beaugrand

Blocks to Main Street

Pristine three bedroom Greek Revival in townwith updated kitchen and baths. Enclosed yardand free-standing garage with previouslyapproved plans for second dwelling.

$1,295,000Listing Broker: Heidi Drew, ABR, RSPS

Polpis Harbor ViewsFour acres of tranquility on the way to Wauwinet.This post and beam treasure boasts three full levels ofgracious living and offers intimacy and warmththroughout.The 19th century, reclaimed barn tim-bers and hand crafted details welcome you at everyturn. Expansive room for entertaining.

$2,990,000 Listing Broker: Melinda Vallett

Casual Comfort…

In one of the most spacious homes in Naushop.Located on a cul-de-sac near 28 acres of Land BankLand.Three levels of living space with generous,wellproportioned rooms. Air conditioned and a partiallyfinished basement. Established rental history.

$895,000 Listing Broker: Heidi Drew, ABR, RSPS

Page 10: NAREB News March 24, 2011

AERE . . . . . . . . .Atlantic East Real Estate BAMB . . . . . . . .Bamber Real Estate BOYC . . . . . . . . .Boyce Realty BWRE . . . . . . . .Bennett Witte Real Estate BLUE . . . . . . . . .Bluewater Real Estate CHAT . . . . . . . .Chatfield Taylor COFF . . . . . . . . .Coffin Real Estate

COMP . . . . . . . .Compass Rose Real EstateCONG . . . . . . . .Congdon & Coleman Real EstateCSAA . . . . . . . . .Cooper Shepherd Associates CVIL . . . . . . . . .Country Village Real EstateDELK . . . . . . . . .Delker Real Estate DENB . . . . . . . .Denby Real Estate FGHD . . . . . . . .Figurehead Realty FRAZ . . . . . . . . .J Pepper Frazier Company GTPT . . . . . . . . .Great Point Properties ISLP . . . . . . . . . .Island Properties

ISLW . . . . . . . . .Islandwide Realty JLEE . . . . . . . . . .Jeff Lee Real EstateJORD . . . . . . . . .Jordan & AssociatesKILL . . . . . . . . . .Killen Real EstateLVST . . . . . . . . .LandvestMCDL . . . . . . . .McDonald Real EstateMACH . . . . . . . . .Vaughan Machado Real EstateMAUR . . . . . . . .The Maury People/Sotheby’s Intl.NREC . . . . . . . . .Nantucket Real EstateOSPR . . . . . . . . .Osprey Real Estate

PREF . . . . . . . . .Preferred Properties PROB . . . . . . . . .Pro Buyer Associates ROYA . . . . . . . . .Royal ColleySCST . . . . . . . . .Sconset Real EstateSEIT . . . . . . . . . .Seitz Real EstateTRSE . . . . . . . . .Tea Rose RealtyWEBS . . . . . . . . .Webster Real EstateWEST . . . . . . . .Westbrook Real EstateWWRE . . . . . . .Windwalker Real EstateWLCH . . . . . . . .Welch & Associates Inc. Realty Group

KEY TO LISTING OFFICES

SF . . . . . . . . . . . .Single FamilyMF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .LandCondo . . . . . . . . .Condo

Com . . . . . . . . . .CommercialCo-op . . . . . . . . .Co-opKEY TO PROPERTY TYPE

L I N KProperties for Sale on Nantucket

$450,000 Sanford Rd 0/0 0.28 Com GTPT

$450,000 Amelia Dr 0/0.5 0.00 Com KILL

$455,000 Park Circle 3/2.5 0.00 Condo COFF

$469,000 Nobska Way 2/1 0.12 SF CVIL

$489,000 Old South Rd 3/1 0.33 SF JORD

$489,000 Old South Rd 3/1 0.33 Com JORD

$495,000 Perry Ln 0/0 0.23 Land KILL

$495,000 Friendship Ln 0/0 0.46 Land CONG

$495,000 Friendship Ln 0/0 0.46 Land AERE

$540,000 Teasdale Circle 2/2.5 0.00 Condo WWRE

$559,000 Essex Rd 4/3 0.19 SF FRAZ

$575,000 Amelia Dr 0/0.5 0.00 Com KILL

$579,000 Surfside Rd 3/2 0.15 SF MAUR

$595,000 Macys Ln 3/2 0.17 SF GTPT

$595,000 Hooper Farm Rd 2/2 0.25 SF CONG

$599,000 Hooper Farm Rd 3/3 0.24 SF CVIL

$650,000 Daffodil Ln 3/2.5 0.47 Co-Op JORD

$655,000 Essex Rd 3/2.5 0.20 SF COFF

$665,000 Pine Tree Rd 3/2 0.20 SF COMP

$699,000 Waydale Rd 5/4 0.28 SF JORD

$700,000 Celtic Dr 8/5 0.22 MF COFF

$707,000 Friendship Ln 6/3 0.49 MF ISLP

$729,000 Surfside Rd 1/1 0.44 SF BAMB

$739,000 Surfside Rd 4/3 0.46 MF JORD

AreaBed/ Lot Listing

Price Street Bath Size Type Office

AreaBed/ Lot Listing

Price Street Bath Size Type Office

AreaBed/ Lot Listing

Price Street Bath Size Type Office

$739,000 Friendship Ln 3/3.5 0.46 SF JORD

$795,000 Luff Rd 3/2 0.34 SF AERE

$795,000 U Tawpawshaw Rd0/0 0.37 Land CONG

$799,000 Salros Rd 4/3 0.23 Com CSAA

$799,000 Halyard Ln 3/2 0.35 SF WWRE

$800,000 Old South Rd 4/3 0.11 Com COFF

$829,000 Old South Rd 4/2.5 0.75 Condo GTPT

$849,000 Pine Crest Dr 3/3.5 1.10 SF GTPT

$850,000 Surfside Rd 5/2 0.23 MF CSAA

$895,000 Pine Crest Dr 3/3.5 1.29 SF MAUR

$895,000 Sanford Rd 0/0 0.28 Com GTPT

$895,000 Cato Ln 6/5 0.23 MF BAMB

$900,000 Bartlett Rd 1/1 0.70 SF KILL

$925,000 Witherspoon Dr 4/3.5 0.13 SF MAUR

$995,000 Old South Rd 0/3 0.18 Com KILL

$995,000 Amelia Dr 0/1 0.00 Com KILL

$998,000 Fairgrounds Rd 4/3 0.54 SF AERE

$1,050,000 Arrowhead Dr 2/2.5 0.14 Com KILL

$1,100,000 Hanabea Ln 4/4 0.17 Com COFF

$1,100,000 Old South Rd 4/4 0.17 Com COFF

$1,285,000 Meadow View Dr 4/4.5 0.46 SF COFF

$1,295,000 Chins Way 3/1 0.13 Com CONG

$1,300,000 Sparks Ave 0/0.5 0.22 Com MAUR

$1,345,000 Sanford Rd 0/0 0.28 Com GTPT

$1,475,000 Arrowhead Dr 2/2.5 0.40 Com KILL

$1,695,000 Sheep Commons 3/3 0.80 SF CONG

Monomoy$749,000 Milestone Rd 2/2 0.00 Condo BOYC

$999,000 Brewster Rd 0/0 2.86 Land FRAZ

$1,695,000 Brewster Rd 3/2 1.37 SF MAUR

$3,250,000 Monomoy Rd 6/6.5 0.92 SF MAUR

$3,895,000 Monomoy Rd 5/4.5 0.15 SF CONG

$5,995,000 Monomoy Rd 4/2.5 1.84 SF GTPT

$5,995,000 Monomoy Rd 8/6.5 1.75 SF KILL

$7,900,000 Salt Marsh Rd 6/7 5.06 SF KILL

Nashaquisset$790,000 Mamack Ln 3/3 0.00 Co-Op AERE

$1,153,750 Yompasham Ln 3/2.5 0.29 SF COFF

Naushop$395,000 Goldfinch Dr 0/0 0.13 Land JORD

$395,000 Goldfinch Dr 0/0 0.13 Land CSAA

$400,000 Goldfinch Dr 0/0 0.12 Land CONG

$450,000 Goldfinch Dr 0/0 0.15 Land CONG

$450,000 Goldfinch Dr 0/0 0.14 Land CONG

Continued on page 16

10 • Nantucket Property News • March 24, 2011

Page 11: NAREB News March 24, 2011

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

This classy Custom Beach Home has it all - great construction technique,layout, superb views of Wauwinet Harbor as well as deeded beach accesswhich is 150' away.Wauwinet Harbor is perfect for swimming, boating,kayaking, windsurfing, as well as fishing and clamming.Truly a great sliceof Nantucket Real Estate!

PPooccoommoo $$33,,229955,,000000

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

Custom-designed House, Studio/Garage and a separate 1-car Garage inTrot’s Hills area of Dionis. Multiple decks and porches are ideal forentertaining.Views over Linda Loring Nature Preserve. No restrictions ona pool if so desired. Only a short distance to a great Sound beach. Thisproperty also has one of the best Sunset views on the island!

DDiioonniiss $$22,, 887755,,000000

Hollywood Farm - built in the 1870s was owned by the well-known NantucketStarbuck and Swain families.The property includes the original farmhouse andbarn, a charming one bedroom guest cottage, a separate music studio, a lovelyfenced-in perennial garden and mature plantings which create a private andenjoyable setting.A rare opportunity to own a piece of historical Nantucket!

PPoollppiiss $$22,,669955,,000000

Turn-Key Cisco 4 Bedroom home situated on the end of cul-de-sac.This property offers a strong established rental history, pastoral views& expansion potential. Easy access to popular Cisco Beach — A Surfer's Paradise!

CCiissccoo $$11,,554455,,000000

Newly constructed home features salvaged wood floors throughout and acomfortably open floor plan. Off-the-beaten path on a quiet residentialstreet with easy accessibility to downtown. A front porch provides space toenjoy a calm evening outdoors and a back patio has room for an outdoor grill.This is a great opportunity to own a charming piece of Nantucket real estate!

TToowwnn $$11,,110000,,000000

This recently renovated, single-floor Madaket cottage sits on a spaciousopen lot and has views of Hither Creek.An oversized deck and large yardprovide plenty of space to get out and enjoy the quiet surroundings; inaddition you can walk to the Madaket Pier. With plenty of room forexpansion — this is a unique piece of Madaket real estate!

MMaaddaakkeett $$887755,,000000

Page 12: NAREB News March 24, 2011

NEWS REPORT

she admitted recently. After all, her father was a lawyer,

and Sarah was bound and determined not to work with her

father.

But a funny thing happened on the way to employment

independence. “I had no idea what I really wanted to do

when I grew up,” she explained. During her final year of

college, she interviewed with a smattering of corporate

recruiters who came to Dartmouth looking for investment

banking analysts. “All my friends were doing it, so I

thought about doing that. I’d only taken one economics

course in college, though.” Wall Street didn’t pan out, so

she turned her attention to teaching at a boarding school.

“They made it sound so discomfiting,” she said of those

interviews.

She’d taken the Law School Aptitude Test — she

admits today that she actually showed up late for the test

— though she couldn’t exactly say why. “My parents did-

n’t even know I’d taken the LSATs,” she said. She did well

on the test, and sent in an application to the Boston

University School of Law. She was accepted and, “literal-

ly a few weeks before the school year started,” she

enrolled.

In Boston, she and her roommate took the first apart-

ment they found. “There was a mouse shellacked into the

floor,” she recalled. “And our upstairs neighbors – they

had about 15 people living up there — would do their laun-

dry in the sink, and the water would overflow and leak

down into our kitchen.” Her first day of law school was

equally inauspicious: “Everybody else had done all this

work prior to the first day of school, and I hadn’t done any-

thing. I thought I’d made a huge mistake.” But she plod-

ded her way through the rigorous curriculum. “I enjoyed

doing law,” she said. “I liked the practice of law so much

more than school.”

She spent some time during law school working in the

Massachusetts Estate Tax Bureau in Boston, which was an

experience that would later come in handy in her life on

Nantucket. “I got a lot of experience dealing with estate

taxes and a lot of experience dealing with governmental

bureaucracy.”

Sarah took a job after law school working for a small

law firm in Boston; she’d vowed not to work on the Cape,

where her father was a practicing attorney. She landed on

Nantucket, ironically enough, on something akin to a dare.

Her husband, Bruce, said to her that he bet she couldn’t get

a job on one of the islands. Not one to be doubted, Sarah

sent her resume off to several firms on the Vineyard and

Nantucket, and local attorney Foley Vaughn decided to

take her on. From there, she went to work with Arthur

Reade for 13 years, and today is the legal genius behind the

firm of Sarah Alger, PC.

Many of us know Sarah from her other role as well —

that of Moderator for the Town of Nantucket. It’s a posi-

tion she decided to seek after a conversation with Fooods

For Here and There owner Mark Arnold. Mark was, at the

time, Moderator, and he told Sarah that he would not be

seeking re-election. It was a position near and dear to

Sarah’s heart, as her father had been the Barnstable

Moderator during her childhood, and she’d grown up

going to Town Meeting with him. “I loved going to Town

Meeting,” she said. “I was the time keeper.”

She ran for, and was elected to, the position of

Moderator in 1997, and has held it ever since, dutifully rat-

tling off the details of articles, information she readily

admits her office assistant is responsible for putting togeth-

er for her. She also calls on voters at Town Meeting, most

of whom she knows by name, a fact I found astounding,

given the number of people in attendance. “It’s actually

because people tend to sit in the same seats every year,”

she admitted. Her advice to voters who want her attention

is to be pushy: “You’ve got to be pushy to get my attention

up there. Sometimes it’s hard to see with the lights shining

in your eyes. And there are certain spots in the auditorium

that you just can’t see from the stage.”

Sarah was also one of the original “Fab Five” founders

of A Safe Place, Nantucket’s domestic violence and abuse

advocacy and support center. She is the President of the

Board of Trustees of the Nantucket New School and has

served on a variety of local boards. With all of that constant

activity, free time is not something Sarah has an overabun-

dance of, though when she finds herself with a little time,

she loves to read — currently memoirs and biographies are

the genre of choice — and to visit New Hampshire, where

her two daughters are currently in school.

Despite the hectic workload, Sarah is content to keep

going. “I don’t ever see myself retiring,” she said. And that

is certainly good news for Nantucket.

Andrew Spencer, a fifth-generation summer resi-dent-turned-year-rounder, has been writing aboutNantucket since moving to the island full-time in 2002.He is the author of, “Tower of Thieves: Inside AIG’sCorporate Culture of Greed,” and also the co-authorof “Bear Trap: The Fall of Bear Stearns and the Panicof 2008.”

Alger, continued from page 1

12 • Nantucket Property News • March 24, 2011

ROB BENCHLEY FILE PHOTO

Sarah Alger, who has served as Moderator for Nantucket Town Meeting since 1997 often calls on voters by name.“It’s actually because people tend to sit in the same seats every year,” she admits. Her advice to voters

who want her attention? “You’ve got to be pushy to get my attention up there.”

ROB BENCHLEY FILE PHOTO

Page 13: NAREB News March 24, 2011

NEWS REPORT

March 24, 2011 • Nantucket Property News • 13

given the support for up to three wind

turbines proposed for Nantucket’s

landfill in Articles 44, 45, and 46.

Up to three, 900-kilowatt wind tur-

bines are expected to save the town

$250,000 to $400,000 a year in elec-

tric costs to operate the digester at its

Materials Recovery Facility, among

other municipal power needs. The tur-

bines would stand 350 feet above the

landfill property, 194 higher than the

high school’s turbine.

Adoption of Article 44 allows the

Board of Selectmen, acting on behalf

of the town, to include wind energy

generation as an additional use of the

three lots of landfill property at 188

Madaket Road. The authorization to

spend the estimated $7.2 million

needed to make this project a reality is

embodied in Article 45. Article 46

makes the use of this land for wind

energy generation possible by creat-

ing a wind energy overlay district for

the town’s three landfill lots.

Not stopping at the landfill, the

town is also eyeing three other sites

for renewable energy generation. For

the Nantucket Memorial Airport,

Wannacomet Water Company (at

Wyers Valley and North Pasture near

the new water tower), and the

Surfside Wastewater Treatment Plant,

through articles 95, 96 and 97, the

town is hoping to install four solar

photovoltaic arrays for an annual sav-

ings of $285,530, $248,530, $231,420

and $285,530, respectively. Each of

the four ground-based solar arrays

would be capable of generating up to

two megawatts.

The solar arrays would be installed

this year if these three articles were

adopted at Town Meeting.

What to take and what

to leave behind

Through Articles 35 and 36, Pochick Avenue prop-

erty owner Christopher Magee’s proposes that the

town formally take the Boulevarde, Lovers Lane,

Okorwaw Avenue and Monohansett Road. Drive any

of these roads and Magee’s intent will become quite

obvious: the deplorable condition of certain sections

of these private roads makes them almost impassable

during and after heavy rain, snow and ice events, and

generally throughout the year.

But, given the town’s current budget crisis in

which more town employees are losing their jobs on

April 1 due to the town’s consolidation plan, making

roads currently private into public ways, which the

Department of Public Works would then eventually

rebuild and repave, does not seem high on the town’s

priority list. And, it is probably why the FinCom’s

recommendation for both of these articles is to take

no action. That does not mean, however, that Magee

cannot call these articles for discussion.

What the town would like to take, however, is the

.12-of-an-acre lot at 50 Union St. Article 92 would

allow for the widening of the intersection at Union

and Francis streets, making it easier for large trucks,

and traffic in general, to make navigate this corner.

Sewering Monomoy

One of the projects the town will surely direct

money toward that might otherwise go toward the

repaving of the aforementioned private roads is the

designing and engineering of the addition of most of

the properties in Monomoy to the town’s sewer dis-

trict. Article 73 and 74, if adopted by Town Meeting

voters, would add these properties only to the sewer

district and would secure only the money needed to

design and engineer the sewer collection pipe system

for Monomoy.

Clear community consensus exists for sewering

Monomoy, one of the needs areas outlined in the

Comprehensive Wastewater Management Plan. But

this winter, the selectmen decided that the town does

not have the $15 million to begin construction this

year, so it will focus $558,000 on design and engi-

neering.

“The board has pretty much decided to step back,”

said Selectman Michael Kopko. “I think what we

want to do is read the CWMP — we now have

Madaket and Long Pond estuaries reports — and

integrate them with CWMP, and look at how technol-

ogy is advancing. There needs to be some long-term

planning and analysis on the fiscal issue of how to

pay for it There’s a lot of work to do

still. We need to figure out how and

how to pay for it.”

2FG ripple effect

Construction and opening of

Nantucket’s new public safety facility

at 2 Fairgrounds Road meant many

things to several town offices. For the

police and, eventually, the fire depart-

ment, it means a proper building

designed to suit the needs of growing

island. But it is also a chance for the

town to generate some capital and

relocate some of its other departments

in a more efficient way. After it reno-

vates the old police station at 20 South

Water St., the town plans to move the

Sheriff’s Department and all of its

offices in the Mooney Building at 22

Federal St. into this former police sta-

tion. To fund this renovation, 22

Federal, currently assessed at

$2,503,000, would be sold. If Article

93 were passed, it would set that

process in motion. If Article 94 makes

it out of the discussion alive, it would

then allow the town to sell, if it need-

ed, another of its’ annex buildings at

37 Washington St. (assessed at

$2,343,300). The Building and Health

departments, and Historic District and

Conservation commissions are cur-

rently located at 37 Washington.

Dreamland marquee

In the middle of all this monetary

misery, at least one zoning article

stands out as a bright spot of hope on

the horizon. Actually, it could be seen

as a taking depending on where you’re

standing. If you’re lucky enough,

however, to be standing in line to see

a show at the Dreamland Theater —

once the Nantucket Dreamland

Foundation completes the reconstruc-

tion of this building sandwiched

between South Water and Easy streets

— you will undoubtedly pass beneath

its marquee and see the logic for this article.

Over the past several weeks, builders have been

putting up the steel frame of the theater, so you may

have noticed a section of the frame hanging over the

sidewalk on South Water St. To continue with the

construction of this overhang, the marquee for the

theater, NDF sponsored Article 89 seeking an ease-

ment from the town that would allow this portion of

the new building to technically exist on town proper-

ty. This article also asks for similar easements for the

trespassing of gutters on South Water and Oak streets

and “a portion of coffer dam under and within the

layout of Oak Street”.

Zoning, always zoning

Devised by the Planning Department and Planning

Board to meet the evolving needs of residential and

commercial uses on the island, Town Meeting arti-

cles are sometimes designed to convert old zoning

districts into new ones. For instance, in the commer-

cial vein, Article 47, converts Island Lumber’s prop-

erty from its current RC-2 zone to VN and VR, which

stand for Village Neighborhood and Village

Zoning, continued from page 1

The Town, with Articles 93 & 94, is asking voters to approve any potential sale of town-owned buildings at, from top, 22 Federal Street and 37 Washington Street.

ROB BENCHLEY PHOTO

ROB BENCHLEY PHOTO

Zoning articles, continued on page 14

Page 14: NAREB News March 24, 2011

would levy a fee. The town sees it as a means to

bring in an estimated $1 million or more for general

fund expenditures, while homeowners and realtors

who represent them fear the new tax could further

drive away an already dwindling tourist market.

“I think rents are already being besieged because

of the economy. You can’t just tack something on

and pass it along,” said David Callahan, a principal

of Jordan Real Estate and President of the Cape Cod

and the Islands Association of Realtors. “Rates for

rentals have come down. Some homeowners who

bought knew they could get revenue, but to take

another six percent may make their properties unaf-

fordable to make ends meet.

“Nantucket is already an expensive place to visit

and people will be hit again. We are killing the goose

that lays our golden egg. We can’t just keep taxing

people and expect them to keep coming. I realize the

town needs more money to spend, but tourism is our

number one economy. You can’t keep sticking it to

those people.”

Cindy Lenhart, owner of Compass Rose Real

Estate, echoes Callahan’s and others’ opinions.

“I object to the whole idea for a lot of reasons.

The rental business has really softened. We used to

have a lot of middle class working folks that came

here on vacation, but it became out of reach — the

cost of the ferry, the cost of eating out, the cost of

rentals,” said Lenhart.

“If you add a six percent tax on top of what

they’re paying it adds to the killing of the goose. The

big thing is the rental of a private home can’t be

compared to a business. The homeowners don’t

make money; it only defrays the cost of ownership.

For the majority who move out for the summer, it

barely supports their payments.

“There is a human cry to raise money for the

town, but I don’t think this is the way to do it. It’s on

the back of the tenants. We will drive down even fur-

ther the average family who would come here and

go fishing and eat out,” she continued. “We are

already losing those people.”

Selectman Michael Kopko, a former guesthouse

operator, explained that of the current 11.7 percent

occupancy tax collected by licensed innkeepers, six

percent goes to the town and the remainder to the

state. The Article 31 Home Rule Petition seeks to

charge up to six percent of the total rent for occupan-

cy in a seasonal rental property or other such tran-

sient accommodation, including residential proper-

ties, which are let for 90 days or less.

The six percent from private renters would go to

the town with a portion deposited into the general

fund for fire, police and other residential services

and a portion allocated to cover costs for the Visitor

Services Bureau. While island innkeepers do not

reap any direct monetary benefit from the six per-

cent they pay to the town, Visitor Services is a tool

of the lodging industry by providing promotions and

information about local commercial lodging estab-

lishments, said Kopko. That return does not and

would not apply to privately rented properties.

Kopko also explained that the federal tax exemp-

tion given homeowners who rent for no longer than

two weeks at a time would remain in effect, and that

no town oversight in the form of a lodging tax office

or the like would be required for the new fee.

Charles Stott, President of the Madaket

Homeowners Association, said a quantity of its

members rent their homes for two to three weeks a

year to help with mortgage payments and assert that

charging an extra six percent will make it more dif-

ficult to rent at present prices and may cause people

to lower the rent to keep costs level.

“It will be harder on the tenant, and it is exacer-

bated by the recession,” said Stott. “It could affect

the overall rental economy which has dropped in

past years.”

Penny Dey, co-owner of Atlantic East Real Estate,

and Ken Beaugrand, owner of Nantucket Real

Estate, which this January joined as one office,

added their objections to the article. They focus

mainly on its financial impact for homeowners and

poor timing in imposing another expense on “the

lifeblood of our economy” while the nation’s econo-

my climbs slowly back to prosperity.

Bill Liddle, a broker with Great Point Properties,

said he believes the article might gather more sup-

port in the future, not now when people across all

strata all still struggling.

“This remains ill-timed,” he said. “It was voted

down last year and I wish [the town] had waited a lit-

tle bit longer for the economy to get better, but they

didn’t. I feel the advocates of the rental occupancy

tax want to portray the home rentals as a business. It

is not a business because the occupancy rate is so

low and the cost of ownership is far greater than any

revenue you can generate, opposed to an inn where

you can effectively market and rent in the shoulder

seasons along with the holidays.”

Although no Massachusetts towns have instituted

this locally based tax, several have passed Home

Rule Petitions and await legislative approval. No

new taxes can be introduced without the approval of

the state legislature, and all past attempts to do so in

this area, at the state level, have been defeated.

Mary Lancaster moved to Nantucket 40 years agoafter spending several years as an advertising illustra-tor in New York City and Connecticut. Her 24-yearjournalism career includes work with the Inquirer &Mirror, The Nantucket Beacon and The NantucketIndependent. She currently works as a freelance writer.

NEWS REPORT

14 • Nantucket Property News • March 24, 2011

Residential, respectively. This change is about effi-

ciency, allowing current uses to exist and making

room for new ones. The same goes for Article 48,

which would protect the residential aspects of 59

Surfside Road by removing it from Residential

Commercial-2 and placing it in Residential-5. It pro-

tects the commercial aspects of 57 Surfside Road by

removing it from RC-2 and placing it in the new dis-

trict of Commercial Neighborhood.

Similarly, Article 49, is designed to enhance the

residential-only feel of nine properties along

Miacomet Road by plucking them out of their RC-2

district — which is zoned for 5,000-square-foot lots

— and changing their zoning to Residential-20. The

Residential-20 designation allows a minimum lot size

of 20,000 square feet, effectively protecting these

properties from overdevelopment.

The opposite of this change would occur on four

properties on Fairgrounds and Rugged roads through

Article 50, which is asking voter permission for the

conversion of these lots from Land Use General

(LUG-2) to Residential-40 (R-40). Property owners

in LUG-2 need at least two acre to build whereas in

the R-40 zone, they will only need one acre.

Likewise, the thinking behind Article 51 is to

increase the density of 4 Nobadeer Ave., a lot on

Atlantic Avenue, and 1, 4 and 6 Weweeder Ave. by

switching their zoning from LUG-2 to LUG-1.

Conversely, this article would decrease the density of

9 and 149 Surfside Road by ratcheting it down from

R-20 to LUG-1.

To learn about the other residential and commer-

cial zoning changes, check out the 2011 Town

Meeting Warrant at www.nantucket-

ma.gov/Pages/NantucketMA_TownMeeting/2011at

m/2011WarrantFinCom.pdf.

Peter B. Brace is a freelance writer who has livedon Nantucket for the last 15 years. The former envi-ronmental, growth and development writer for theNantucket Independent and the Nantucket Beacon,Brace, the author of “Walking Nantucket: A WalkersGuide to Exploring Nantucket on Foot,” is currentlyworking on a natural history of the island and hissequel to “Walking Nantucket.”

Tax, continued from page 1

o n l i n e a n y w h e r e a n y t i m e

Nantucket Property NewsNantucket Property Journal

www.nareb-online.com

Zoning, continued from page 13

Page 15: NAREB News March 24, 2011

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ISLW . . . . . . . . .Islandwide Realty JLEE . . . . . . . . . .Jeff Lee Real EstateJORD . . . . . . . . .Jordan & AssociatesKILL . . . . . . . . . .Killen Real EstateLVST . . . . . . . . .LandvestMCDL . . . . . . . .McDonald Real EstateMACH . . . . . . . . .Vaughan Machado Real EstateMAUR . . . . . . . .The Maury People/Sotheby’s Intl.NREC . . . . . . . . .Nantucket Real EstateOSPR . . . . . . . . .Osprey Real Estate

PREF . . . . . . . . .Preferred Properties PROB . . . . . . . . .Pro Buyer Associates ROYA . . . . . . . . .Royal ColleySCST . . . . . . . . .Sconset Real EstateSEIT . . . . . . . . . .Seitz Real EstateTRSE . . . . . . . . .Tea Rose RealtyWEBS . . . . . . . . .Webster Real EstateWEST . . . . . . . .Westbrook Real EstateWWRE . . . . . . .Windwalker Real EstateWLCH . . . . . . . .Welch & Associates Inc. Realty Group

KEY TO LISTING OFFICES

SF . . . . . . . . . . . .Single FamilyMF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .LandCondo . . . . . . . . .Condo

Com . . . . . . . . . .CommercialCo-op . . . . . . . . .Co-opKEY TO PROPERTY TYPE

L I N KProperties for Sale on Nantucket

$495,000 Bluebird Ln 0/0 0.13 Land CONG

$665,000 Goldfinch Dr 3/1.5 0.16 SF CONG

$695,000 Dovekie Court 3/2.5 0.15 SF JORD

$699,000 Dovekie Court 3/2 0.12 SF CONG

$699,000 Goldfinch Dr 3/2.5 0.11 SF JORD

$749,000 Goldfinch Dr 4/3.5 0.15 SF AERE

$795,000 Goldfinch Dr 3/2.5 0.11 SF JORD

$829,000 Goldfinch Dr 3/2.5 0.13 SF MAUR

$895,000 Dovekie Court 5/4.5 0.16 SF AERE

$899,000 Kittiwake Ln 3/3.5 0.12 SF JORD

$910,000 Curlew Court 3/2.5 0.11 SF JORD

$915,000 Killdeer Ln 5/3.5 0.12 SF COMP

$939,000 Kittiwake Ln 4/2.5 0.11 SF GLDY

$1,049,000 Goldfinch Dr 4/3.5 0.11 SF CONG

$1,245,000 Goldfinch Dr 5/3.5 0.15 SF WWRE

$1,495,000 Goldfinch Dr 4/4.5 0.12 SF JORD

Pocomo$2,300,000 Wauwinet Rd 3/2.5 3.00 SF CONG

$2,990,000 Pocomo Rd 4/4 3.93 SF AERE

$3,295,000 Village Way 3/4.5 0.29 SF ISLP

$3,995,000 Pocomo Rd 4/3 4.06 SF WWRE

AreaBed/ Lot Listing

Price Street Bath Size Type Office

AreaBed/ Lot Listing

Price Street Bath Size Type Office

AreaBed/ Lot Listing

Price Street Bath Size Type Office

Polpis$1,350,000 Polpis Rd 3/2 1.00 SF COFF

$1,550,000 North Pasture Ln0/0 0.95 Land CONG

$2,695,000 Polpis Rd 5/3.5 4.10 SF ISLP

$3,695,000 Almanack Pond 4/3 3.99 SF GTPT

$4,989,000 Polpis Rd 5/6 2.95 SF MAUR

$12,500,000Polpis Rd 6/7 10.00 SF MAUR

Quaise$899,000 Bassett Rd 2/1 0.99 SF FRAZ

$3,500,000 Quaise Pastures 5/2 4.42 SF GTPT

$3,500,000 Quaise Pastures 0/0 4.42 Land GTPT

Quidnet$940,000 Brier Patch Rd 0/0 1.01 Land MAUR

$1,490,000 Sesachacha Rd 3/2.5 0.14 SF AERE

$2,749,000 Quidnet Rd 3/2 0.25 SF MAUR

$3,295,000 Chase Ln 4/3 4.39 SF CONG

$3,395,000 Quidnet Rd 6/6.5 2.76 SF CONG

$3,495,000 Quidnet Rd 0/0 3.60 Land MAUR

Sconset$589,900 Comeau Ln 0/0 0.26 Land AERE

$695,000 Hydrangea Ln 0/0 0.11 Land MAUR

$749,000 Bank St 1/1 0.13 SF COFF

$775,000 Bank St 1/1 0.05 SF CVIL

$795,000 Baxter Rd 5/4 0.52 SF MAUR

$795,000 Hydrangea Ln 0/0 0.12 Land MAUR

$795,000 Hydrangea Ln 0/0 0.12 Land MAUR

$795,000 Hydrangea Ln 0/0 0.12 Land MAUR

$925,000 Brdway 3/1.5 0.05 SF WWRE

$975,000 Sconset Ave 3/3 0.19 SF COFF

$980,000 West Sankaty Rd 3/1 0.28 SF COFF

$995,000 Sconset Ave 3/2 0.21 SF DELK

$1,295,000 Plainfield 0/0 1.50 Land CONG

$1,395,000 Baxter Rd 3/2 0.24 SF MAUR

$1,495,000 Towaddy Ln 4/2 0.19 SF COFF

$1,500,000 Burnell St 3/3 0.18 SF JLEE

$1,595,000 Sankaty Rd 3/1 0.62 SF COFF

$1,795,000 Shell St 4/3.5 0.15 SF MAUR

$1,995,000 Morey Ln 4/4 0.23 SF FRAZ

$2,395,000 Sankaty Rd 4/2.5 0.44 SF COFF

$2,395,000 Main St 4/3 0.88 SF MAUR

$2,450,000 Sankaty Rd 3/2.5 0.44 SF MAUR

$2,495,000 Plainfield Rd 4/4.5 0.49 SF COFF

$2,675,000 Cannonbury Ln 5/3 0.46 SF COFF

$2,795,000 Black Fish Ln 4/4.5 0.46 SF FRAZ

Continued on page 17

16 • Nantucket Property News • March 24, 2011

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Page 17: NAREB News March 24, 2011

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ISLW . . . . . . . . .Islandwide Realty JLEE . . . . . . . . . .Jeff Lee Real EstateJORD . . . . . . . . .Jordan & AssociatesKILL . . . . . . . . . .Killen Real EstateLVST . . . . . . . . .LandvestMCDL . . . . . . . .McDonald Real EstateMACH . . . . . . . . .Vaughan Machado Real EstateMAUR . . . . . . . .The Maury People/Sotheby’s Intl.NREC . . . . . . . . .Nantucket Real EstateOSPR . . . . . . . . .Osprey Real Estate

PREF . . . . . . . . .Preferred Properties PROB . . . . . . . . .Pro Buyer Associates ROYA . . . . . . . . .Royal ColleySCST . . . . . . . . .Sconset Real EstateSEIT . . . . . . . . . .Seitz Real EstateTRSE . . . . . . . . .Tea Rose RealtyWEBS . . . . . . . . .Webster Real EstateWEST . . . . . . . .Westbrook Real EstateWWRE . . . . . . .Windwalker Real EstateWLCH . . . . . . . .Welch & Associates Inc. Realty Group

KEY TO LISTING OFFICES

SF . . . . . . . . . . . .Single FamilyMF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .LandCondo . . . . . . . . .Condo

Com . . . . . . . . . .CommercialCo-op . . . . . . . . .Co-opKEY TO PROPERTY TYPE

L I N KProperties for Sale on Nantucket

$2,825,000 Black Fish Ln 4/4.5 0.47 SF FRAZ

$2,895,000 Ocean Ave 3/3 0.09 SF KILL

$2,950,000 Baxter Rd 4/3 0.52 SF CHAT

$2,995,000 Jennifer Ln 4/4.5 0.24 SF KILL

$2,995,000 Low Beach Rd 0/0 2.91 Land GTPT

$2,995,000 Low Beach Rd 0/0 2.77 Land FRAZ

$3,000,000 Milestone Rd 0/0 2.82 Land BAMB

$3,650,000 Stone Post Way 5/6 0.50 SF COFF

$3,750,000 Low Beach Rd 7/6 0.49 SF JLEE

$3,795,000 Annes Ln 3/2.5 0.48 SF JLEE

$4,100,000 Morey Ln 6/4.5 0.76 SF MAUR

$4,275,000 Burnell St 8/9 0.00 SF FRAZ

$4,700,000 Bunker Hill 6/7 0.59 SF CONG

$10,995,000Low Beach Rd 5/5 7.07 SF MAUR

Shawkemo$1,895,000 Polpis Rd 0/0 3.32 Land MAUR

$2,395,000 Shawkemo Rd 0/0 2.80 Land MAUR

$5,700,000 Wingspread Ln 4/4.5 2.79 SF JLEE

$5,900,000 Shawkemo Hills 5/5.5 2.77 SF MAUR

$10,800,000Shawkemo Hills 5/7.5 2.38 SF MAUR

AreaBed/ Lot Listing

Price Street Bath Size Type Office

AreaBed/ Lot Listing

Price Street Bath Size Type Office

AreaBed/ Lot Listing

Price Street Bath Size Type Office

Shimmo$3,395,000 South Valley Rd 3/3 1.60 SF MAUR

$4,995,000 Brewster Rd 5/4 1.89 SF PREF

South of Town$599,000 Hooper Farm Rd 2/1.5 0.47 SF COMP

$605,000 Fairgrounds Rd 4/3.5 0.00 Condo COFF

$725,000 Tashama Ln 3/2 0.17 SF AERE

$925,000 Lewis Court 4/2 0.34 SF FRAZ

Squam$1,695,000 Squam Rd 0/0 0.92 Land GTPT

$2,495,000 Squam Rd 0/0 3.96 Land WWRE

$2,495,000 Squam Rd 0/0 3.22 Land WWRE

$7,450,000 Squam Rd 0/0 10.95 Land WWRE

$19,900,000Squam Rd 8/12.5 2.40 SF GTPT

Surfside$449,000 Maclean Ln 2/2 0.22 SF AERE

$545,000 Surfside Rd 4/2.5 0.13 SF FRAZ

$591,900 Surfside Rd 1/5 0.18 SF BWRE

$599,000 Folger Ave 3/2 0.14 SF COMP

$795,000 Pochick Ave 0/0 1.10 Land FRAZ

$799,000 Maclean Ln 4/4 0.18 SF GTPT

$825,000 Surfside Rd 5/3.5 0.30 SF KILL

$895,000 Field Ave 5/3.5 0.99 SF WWRE

$995,000 Surfside Rd 0/0 1.25 Land WEBS

$995,000 Boulevarde 0/0 0.68 Land BAMB

$1,300,000 Woodbine St 0/0 1.15 Land FRAZ

$1,395,000 Lovers Ln 4/2.5 0.23 SF COMP

$1,395,000 Skyline Dr 4/3.5 1.84 SF AERE

$1,475,000 Pochick Ave 5/4.5 1.26 SF MAUR

$1,550,000 Field Ave 6/5 1.01 SF GTPT

$2,495,000 Surfside Rd 4/4 1.00 SF COMP

$2,500,000 Skyline Dr 4/3 3.28 SF BWRE

$3,100,000 Okorwaw Ave 5/3.5 2.96 SF MAUR

$3,695,000 Nonantum Ave 4/6 0.69 SF FRAZ

Tom Nevers$450,000 Gloucester St 0/0 1.16 Land AERE

$535,000 Old Tom Nevers 2/1 0.00 Condo GLDY

$725,000 Flintlock Rd 0/0 1.29 Land GLDY

$789,000 Clarendon St 3/3 0.18 SF WWRE

$895,000 Berkley St 3/2.5 0.23 SF MAUR

$950,000 Flintlock Rd 0/0 1.20 Land COFF

$995,000 Wrights Landing 0/0 0.46 Land JORD

$999,000 Whitetail Circle 0/0 2.75 Land CONG

$1,175,000 Jonathan Way 4/2.5 1.18 SF COFF

Continued on page 18

March 24, 2011 • Nantucket Property News • 17

Eight Federal Street • Nantucket, MA 02554 • 508.228.4449

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

Town$3,295,000

7 Bedrooms, 4.5 Baths

Dionis$3,150,000

4 Bedrooms, 3.5 Baths

Page 18: NAREB News March 24, 2011

AERE . . . . . . . . .Atlantic East Real Estate BAMB . . . . . . . .Bamber Real Estate BOYC . . . . . . . . .Boyce Realty BWRE . . . . . . . .Bennett Witte Real Estate BLUE . . . . . . . . .Bluewater Real Estate CHAT . . . . . . . .Chatfield Taylor COFF . . . . . . . . .Coffin Real Estate

COMP . . . . . . . .Compass Rose Real EstateCONG . . . . . . . .Congdon & Coleman Real EstateCSAA . . . . . . . . .Cooper Shepherd Associates CVIL . . . . . . . . .Country Village Real EstateDELK . . . . . . . . .Delker Real Estate DENB . . . . . . . .Denby Real Estate FGHD . . . . . . . .Figurehead Realty FRAZ . . . . . . . . .J Pepper Frazier Company GTPT . . . . . . . . .Great Point Properties ISLP . . . . . . . . . .Island Properties

ISLW . . . . . . . . .Islandwide Realty JLEE . . . . . . . . . .Jeff Lee Real EstateJORD . . . . . . . . .Jordan & AssociatesKILL . . . . . . . . . .Killen Real EstateLVST . . . . . . . . .LandvestMCDL . . . . . . . .McDonald Real EstateMACH . . . . . . . . .Vaughan Machado Real EstateMAUR . . . . . . . .The Maury People/Sotheby’s Intl.NREC . . . . . . . . .Nantucket Real EstateOSPR . . . . . . . . .Osprey Real Estate

PREF . . . . . . . . .Preferred Properties PROB . . . . . . . . .Pro Buyer Associates ROYA . . . . . . . . .Royal ColleySCST . . . . . . . . .Sconset Real EstateSEIT . . . . . . . . . .Seitz Real EstateTRSE . . . . . . . . .Tea Rose RealtyWEBS . . . . . . . . .Webster Real EstateWEST . . . . . . . .Westbrook Real EstateWWRE . . . . . . .Windwalker Real EstateWLCH . . . . . . . .Welch & Associates Inc. Realty Group

KEY TO LISTING OFFICES

SF . . . . . . . . . . . .Single FamilyMF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .LandCondo . . . . . . . . .Condo

Com . . . . . . . . . .CommercialCo-op . . . . . . . . .Co-opKEY TO PROPERTY TYPE

L I N KProperties for Sale on Nantucket

$1,195,000 Marcus Way 4/3 2.99 SF CONG

$1,299,000 Nichols Rd 3/2.5 0.14 SF FRAZ

$1,475,000 Longwood Dr 3/2 2.75 SF FRAZ

$1,495,000 Nichols Rd 3/2.5 0.33 SF MAUR

$1,750,000 Mayhew Rd 4/3.5 0.57 SF GLDY

$1,795,000 Longwood Dr 3/2.5 2.75 SF CONG

$1,850,000 Tom Nevers Rd 6/4 3.05 SF MAUR

$1,875,000 Sandsbury Rd 3/3 1.20 SF GLDY

$2,895,000 Wanoma Way 4/4 0.22 SF GTPT

$2,900,000 Wanoma Way 4/3 0.40 SF COFF

$3,795,000 Lyford Rd 3/3.5 0.24 SF MAUR

$7,000,000 Wanoma Way 6/7 3.20 SF CONG

Town$299,000 Washington St 0/1 0.00 Condo CVIL

$329,000 Washington St 0/1 0.10 Condo CVIL

$375,000 Cherry St 4/1 0.14 SF CVIL

$449,000 Jefferson Ln 1/1 0.00 Condo CONG

$449,000 Jefferson Ln 1/1 0.00 Condo CONG

$475,000 Union St 2/2 0.12 Condo ISLP

$495,000 Orange St 1/1 0.00 Condo CVIL

$525,000 Union St 2/1 0.12 Condo ISLP

$579,000 West York Ln 6/3 0.12 MF GTPT

$585,000 Center St 1/1 0.00 Condo KILL

$640,000 Orange St 1/1 0.00 Condo CSAA

AreaBed/ Lot Listing

Price Street Bath Size Type Office

AreaBed/ Lot Listing

Price Street Bath Size Type Office

AreaBed/ Lot Listing

Price Street Bath Size Type Office

$695,000 Orange St 2/1 0.05 SF WWRE

$695,000 Warren St 1/1 0.05 SF JLEE

$695,000 New Ln 0/0 0.11 Land MAUR

$749,000 Cherry St 4/2 0.14 SF FRAZ

$750,000 Orange St 0/0 0.12 Land COFF

$795,000 Madaket Rd 0/0 0.46 Land JORD

$799,000 Gardner Perry Ln 2/1.5 0.13 SF CSAA

$825,000 Spruce St 4/2 0.08 SF MAUR

$835,000 Union St 2/2 0.14 Condo MAUR

$875,000 Main St 3/2 0.11 SF MAUR

$875,000 Union St 3/1.5 0.16 SF CVIL

$950,000 Union St 3/2 0.14 Condo MAUR

$975,000 Washington St 2/2.5 0.00 Condo MAUR

$979,000 Prospect St 3/2 0.19 SF CSAA

$995,000 Lily St 2/1 0.08 SF WWRE

$998,000 Union St 4/3 0.12 MF ISLP

$1,050,000 Hussey St 2/2 0.03 SF AERE

$1,100,000 Spring St 2/2.5 0.06 SF ISLP

$1,150,000 Pine St 2/2 0.07 SF WWRE

$1,150,000 Francis St 2/2 0.12 SF CSAA

$1,150,000 Gardners Court 1/1 0.00 Condo MAUR

$1,195,000 Vestal St 0/1 0.13 SF MAUR

$1,199,000 Washington St 3/1.5 0.05 Com BWRE

$1,249,000 Fair St 6/5 0.08 SF COMP

$1,250,000 Main St 3/2 0.09 SF COFF

$1,250,000 New Ln 4/4 0.14 SF WWRE

$1,275,000 Orange St 7/4.5 0.30 SF MAUR

$1,275,000 New St 3/2 0.18 SF CONG

$1,295,000 Back St 3/2.5 0.12 SF GTPT

$1,295,000 Union St 4/2.5 0.17 SF CHAT

$1,295,000 Union St 3/2.5 0.05 SF AERE

$1,295,000 Eagle Ln 3/2.5 0.06 SF CONG

$1,295,000 Main St 3/2 0.14 SF FRAZ

$1,299,000 Beaver St 3/2 0.00 SF COFF

$1,300,000 Milk St 2/2 0.06 SF KILL

$1,349,000 Quince St 4/2.5 0.06 SF GTPT

$1,350,000 Eagle Ln 3/2 0.09 SF COFF

$1,399,000 New St 4/2.5 0.14 SF COMP

$1,399,000 North Liberty St 2/2 0.27 SF CVIL

$1,399,000 New St 4/2.5 0.14 SF CSAA

$1,400,000 West Chester St 2/2 0.25 SF WWRE

$1,400,000 Dukes Rd 4/4 0.50 SF COFF

$1,450,000 Angola St 0/0 0.14 Land MAUR

$1,495,000 Washington St 3/2.5 0.12 SF MAUR

$1,495,000 Vestal St 4/2.5 0.15 SF GTPT

$1,500,000 Pleasant St 2/2.5 0.06 SF WWRE

$1,500,000 Center St 0/0.5 0.00 Com COFF

$1,500,000 Fair St 4/2 0.04 SF PREF

$1,595,000 Union St 4/3.5 0.09 SF CONG

$1,595,000 West Chester St 4/2.5 0.00 Condo COFF

$1,600,000 Pleasant St 0/1.5 0.32 Com WWRE

Continued on page 19

18 • Nantucket Property News • March 24, 2011

JUST BEFORE CISCO...Home to just 13 lucky Buyers, Nanahumacke Preserve is almost totally

surrounded by some form of Conservation Land. 14 Nanahumacke Laneboasts a dramatic, octagonal dining room plus an outdoor kitchen

making it stand out from all other properties for sale.Living room with fireplace; office; spectacular second floor

living room with deck overlooking the pond, Conservation Land andsome spectacular sunsets! 4 bedrooms, 3.5 baths, garage, basement,

outdoor kitchen with built in grill, sink, and refrigeration.Ready for the summer of 2011!

$2,095,000Go to www.nanahumacke.com

or email [email protected] for an appointment.

Michael AngelastroCell: 508-367-5096

[email protected]

Providing Expert Real Estate Advice Since 1982.

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

DDaannaa && DDaavviidd BBooyyccee,, licensed brokersJJaammiiee FFeeeelleeyy, sales associate

550088..225577..66996622 wwwwww..bbooyycceerreeaallttyynnaannttuucckkeett..ccoomm

Quiet, convenient location.Totally renovated — basement to roof, plus A.C.

2 bedrooms, 2 baths.

$$774499,,000000

MMOONNOOMMOOYY CCOOTTTTAAGGEE

Page 19: NAREB News March 24, 2011

AERE . . . . . . . . .Atlantic East Real Estate BAMB . . . . . . . .Bamber Real Estate BOYC . . . . . . . . .Boyce Realty BWRE . . . . . . . .Bennett Witte Real Estate BLUE . . . . . . . . .Bluewater Real Estate CHAT . . . . . . . .Chatfield Taylor COFF . . . . . . . . .Coffin Real Estate

COMP . . . . . . . .Compass Rose Real EstateCONG . . . . . . . .Congdon & Coleman Real EstateCSAA . . . . . . . . .Cooper Shepherd Associates CVIL . . . . . . . . .Country Village Real EstateDELK . . . . . . . . .Delker Real Estate DENB . . . . . . . .Denby Real Estate FGHD . . . . . . . .Figurehead Realty FRAZ . . . . . . . . .J Pepper Frazier Company GTPT . . . . . . . . .Great Point Properties ISLP . . . . . . . . . .Island Properties

ISLW . . . . . . . . .Islandwide Realty JLEE . . . . . . . . . .Jeff Lee Real EstateJORD . . . . . . . . .Jordan & AssociatesKILL . . . . . . . . . .Killen Real EstateLVST . . . . . . . . .LandvestMCDL . . . . . . . .McDonald Real EstateMACH . . . . . . . . .Vaughan Machado Real EstateMAUR . . . . . . . .The Maury People/Sotheby’s Intl.NREC . . . . . . . . .Nantucket Real EstateOSPR . . . . . . . . .Osprey Real Estate

PREF . . . . . . . . .Preferred Properties PROB . . . . . . . . .Pro Buyer Associates ROYA . . . . . . . . .Royal ColleySCST . . . . . . . . .Sconset Real EstateSEIT . . . . . . . . . .Seitz Real EstateTRSE . . . . . . . . .Tea Rose RealtyWEBS . . . . . . . . .Webster Real EstateWEST . . . . . . . .Westbrook Real EstateWWRE . . . . . . .Windwalker Real EstateWLCH . . . . . . . .Welch & Associates Inc. Realty Group

KEY TO LISTING OFFICES

SF . . . . . . . . . . . .Single FamilyMF . . . . . . . . . . .Multi Family

Land . . . . . . . . . .LandCondo . . . . . . . . .Condo

Com . . . . . . . . . .CommercialCo-op . . . . . . . . .Co-opKEY TO PROPERTY TYPE

L I N KProperties for Sale on Nantucket

$1,649,000 Union St 3/3 0.09 SF FRAZ$1,675,000 Lily St 5/3 0.13 SF MAUR$1,695,000 Warren St 3/2 0.00 Condo CSAA$1,695,000 Pine St 4/2.5 0.12 SF CHAT$1,785,000 Union St 5/4 0.00 Condo MAUR$1,795,000 Main St 5/4.5 0.12 SF JORD$1,795,000 Pine St 5/3 0.12 SF CONG$1,795,000 Pine St 5/3 0.08 SF COFF$1,829,500 West Dover St 4/3 0.18 SF CONG$1,995,000 Washington St 2/3.5 0.11 Com WWRE$1,995,000 New Ln 3/2.5 0.16 SF MAUR$1,995,000 Candle House Ln4/3 0.12 SF CONG$2,095,000 Meadow Ln 4/3 0.67 SF GTPT$2,185,000 Fayette St 4/3 0.16 SF CVIL$2,250,000 Copper Ln 5/4.5 0.16 SF GTPT$2,295,000 Center St 0/0.5 0.00 Com FRAZ$2,300,000 Main St 0/1 0.00 Com CONG$2,375,000 New Ln 5/4 0.46 SF GTPT$2,450,000 York St 5/6 0.18 SF MAUR$2,495,000 Commercial Whf1/1 0.03 SF CVIL$2,495,000 Copper Ln 4/4 0.14 SF JORD$2,500,000 Woodbury Ln 5/3.5 0.11 SF JLEE$2,575,000 Barnabus Ln 4/4 0.15 SF MAUR$2,595,000 Angola St 4/3.5 0.14 SF MAUR$2,595,000 Woodbury Ln 4/5.5 0.20 SF GTPT$2,675,000 West Chester St 5/3 0.23 SF MAUR$2,695,000 Green Ln 7/6.5 0.18 SF MAUR

AreaBed/ Lot Listing

Price Street Bath Size Type Office

AreaBed/ Lot Listing

Price Street Bath Size Type Office

AreaBed/ Lot Listing

Price Street Bath Size Type Office

$2,750,000 Copper Ln 4/4.5 0.08 SF MAUR$2,750,000 Pleasant St 9/8.5 0.13 MF MAUR$2,850,000 Copper Ln 7/6 0.13 SF GTPT$2,850,000 Union St 3/2.5 0.12 SF AERE$2,850,000 Washington St 4/2 0.29 SF FRAZ$2,975,000 Lily St 4/3.5 0.12 SF MAUR$2,975,000 Candle House Ln4/6 0.14 SF MAUR$2,995,000 Woodbury Ln 5/4.5 0.23 SF JORD$3,200,000 West Chester St 6/7 0.14 SF WWRE$3,250,000 North Water St 13/11 0.16 SF GTPT$3,250,000 Woodbury Ln 4/4.5 0.24 SF MAUR$3,250,000 North Water St 13/11 0.16 Com GTPT$3,275,000 Milk St 7/6.5 0.22 SF WWRE$3,295,000 Main St 7/4.5 0.15 SF JORD$3,450,000 Easy St 0/5 0.10 Com KILL$3,795,000 Madaket Rd 5/6 0.51 SF JORD$3,850,000 Orange St 5/4.5 0.15 SF CSAA$3,875,000 Orange St 5/4.5 0.12 SF MAUR$3,900,000 Darling St 6/3.5 0.23 SF JORD$4,250,000 Straight Wharf 2/3.5 0.07 Com WWRE$4,465,000 Orange St 5/3.5 0.14 SF MAUR

$6,950,000 Main St 6/8 0.15 SF CONG

Wauwinet$1,900,000 Eat Fire Spring 0/0 3.25 Land MAUR

$1,950,000 Crows Nest Way 3/2 0.51 SF GTPT

$2,295,000 Wauwinet Rd 5/4.5 1.50 SF MAUR

$2,300,000 Wauwinet Rd 3/2 3.00 SF JLEE

$2,475,000 Eat Fire Spring 4/3 2.88 SF MAUR

$2,850,000 Wauwinet Rd 4/3.5 3.50 SF COMP

$2,900,000 Wauwinet Rd 3/2 3.28 SF COFF

$2,995,000 Wauwinet Rd 4/6.5 3.21 SF CONG

$5,900,000 Eat Fire Spring 8/7.5 2.76 SF FRAZ

$12,900,000Wauwinet Rd 6/3.5 2.50 SF MAUR

West of Town$350,000 Cato Ln 0/0 0.12 Land CONG

$599,000 Madaket Rd 3/3.5 0.51 SF GTPT

$650,000 Cow Pond Ln 7/5 0.34 MF COFF

$659,000 Surfside Rd 3/2 0.17 SF FRAZ

$865,000 Meadow Ln 3/1.5 0.30 SF AERE

$895,000 Polliwog Pond 4/2 0.18 SF COFF

$925,000 Dukes Rd 4/2 0.20 SF CONG

$1,049,000 Madaket Rd 0/0 1.99 Land WWRE

$1,075,000 Pinkham Circle 6/6.5 0.53 SF JLEE

$1,450,000 Dukes Rd 6/3 1.25 Com WWRE

$1,990,000 Old Westmoor 0/0 1.64 Land GTPT

$2,170,000 Madaket Rd 4/3 0.68 SF GTPT

$2,495,000 Pilgrim Rd 5/5 0.64 SF GTPT

$2,900,000 Meadow Ln 6/5 0.57 SF GTPT

March 24, 2011 • Nantucket Property News • 19

ANN KILLEN • DEBORAH KILLEN • ROBERT YOUNG • BRUCE BENI • EUGINE VOORHEESMember 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

LL AA NN DD - Mid-Island, RC2 district allowing 50% ground cover. $495,000

MONOMOY CREEKS

$7,900,0006 bedrooms, 7 baths

MONOMOY HARBOR VIEWS

$5,995,0008 bedrooms, 6.5 baths

POCOMO WATERFRONT

$4,400,0004 bedrooms, 2.5 baths

MADEQUECHAM

$3,900,0004 bedrooms, 3 baths

EASY STREET

$3,450,0004 Kitchens

SCONSET

$2,995,0004 bedrooms, 4.5 baths

OCEAN AVENUE

$2,895,000 3 bedrooms, 3 baths

UNIQUE BRANT POINT

$2,195,0008 bedrooms, 3.5 baths

BRANT POINT

$1,350,0003 bedrooms, 2 baths

MILK STREET

$1,300,0002 bedrooms, 2 baths

OFFICE BUILDING

$995,0000 bedrooms, 3 baths

BRANT POINT-SOUTH WIND

$950,0002 bedrooms, 1 baths

BRANT POINT-NORTH WIND

$800,0002 bedrooms, 1 baths

MAIN STREET

$695,0002 bedrooms, 2 baths

PARK CIRCLE

$399,000 3 bedrooms, 1.5 baths

AMELIA DRIVE - UNIT A&B

$995,0002 half baths, garage

AMELIA DRIVE - UNIT A

$575,000half bath, garage

AMELIA DRIVE - UNIT B

$450,000half bath

Page 20: NAREB News March 24, 2011
Page 21: NAREB News March 24, 2011

March 24, 2011 • Nantucket Property News • 21

This charming second floor condominium in the historicCaptain McKay house features a large living/dining kitchenarea with many windows and a door onto a small balcony.Located at the beginning of Cliff Road, it is convenient toTown, and Jetties & Steps beaches

Three bedroom home with attached apartment.Excellent value. New roof and siding. Short distanceto mid-island shops and to Surfside Beach.

Perfect for a buyer who recognizes and appreciates stylish detailsand amenities, this impeccably maintained four-bedroom, four-bathhome is convenient to Town, schools and the Surfside bike path.Situated on an elevated lot, this turn-key property includes a deckwhich runs along the back of the home overlooking the manicuredyard enclosed with mature plantings ensuring privacy.

Take advantage of the large back yard with your private pool.This house is situated in a quiet neighborhood not far from beaches or downtown. Lots of large living space and relaxing space.

MID ISLAND20 Meadow View DriveSingle FamilyList price: $1,285,000

Bedrooms: 4Baths: 4.5Lot size: 0.46 acresListing office:Coffin & Sconset Real Estate

TOM NEVERS15 Longwood Drive

Single FamilyList price: $1,475,000

Bedrooms: 3Baths: 2

Lot size: 2.75 acresListing office:

J Pepper Frazier Co.

Located in desirable Tom Nevers East.The house has southwestexposure with views of conservation land, Sankaty HeadLighthouse, Nantucket Golf Club, and the distant ocean.

Meticulously maintained and newly renovated.Property features include yellow pine floors, oak beams, greatprivacy, a five-bedroom septic, and ample room for expansion

or a second dwelling. A comfortable, light filled home ready to enjoy for many summers or year round living.

SURFSIDE8 Maclean Lane Single FamilyList price: $799,000

Bedrooms: 4Baths: 4Lot size: 0.18 acresListing office:Great Point Properties

TOWN8 Cliff Road, Unit CCondoList price: $759,000

Bedrooms: 2Baths: 2Listing office:Jordan Real Estate

MID ISLAND71 Hooper Farm Road Single FamilyList price: $599,000

Bedrooms: 3Baths: 3Lot size: 0.24 acresListing office:Country Village Real Estate

PRO

PERT

IES

5 Great Values5 Great ValuesTODAY!

Page 22: NAREB News March 24, 2011

Paul Jensen, Trustee of 11 North Road Realty

Trust of New York, NY purchased a vacant lot at 11

North Road from Eugene Lefevre, Trustee of High

Ridge Trust of Philadelphia, PA for $3,000,000.

Stephen Alfleri, Trustee of Treerock Realty trust

of New York, NY purchased a dwelling at 28

Gardner Road from Eugene Lefevre, Trustee of

High Ridge Trust of Philadelphia, PA for

$2,575,000.

David Solan, Trustee of 34B Walsh Street

Nominee Trust of Medfield, MA purchased a

dwelling at 34B Walsh Street from Robert and

Maureen Dobies of Rochester, NY for $1,700,000.

The Thirteen Old South Road Corp. of

Nantucket purchased a dwelling at 13 Old South

Road from Richard Rowe, Executor of the Estate

of James Manning of Yarmouthport, MA for

$1,433,000.

PROPERTIES

11 North Road

Real EstateTransactions

MARCH 7 - 19

28 Gardner Road

Get the

2010Nantucket

Property YearbookComprehensive list— with photos — of all properties

sold in 2010

Descriptive profiles anda full-color

map of every neighborhood on the island

A publication of the Nantucket Association

of Real Estate Brokers(NAREB)

To obtain your copy of the 2010 Nantucket Property Yearbook, send name, address and $5.00 to:

NAREB PublicationsProperty Yearbook

P.O. Box 335Nantucket, MA 02554

For a free emailed version, send an email request to: [email protected]

AVAILABLE NOW!

22 • Nantucket Property News • March 24, 2011

Continued on Next Page

34b Walsh Street

Page 23: NAREB News March 24, 2011

March 24, 2011 • Nantucket Property News • 23

MID-ISLAND CONDO

This right hand side four bed-

room condo with 1,382 sf of liv-

ing space is perfect for first

time home buyers. There are 2

parking spaces, plenty of yard

and is conveniently located to

schools, bike path and Town.

Listing Agent is related to

Seller. Exclusive. $325,000.

Call Barbara Clarke, Coffin

Real Estate, 508-280-2398.

EXCELLENT

COMMERCIAL LOCATION

Large commercial/residential

building with basement storage.

Excellent visibility and fully

handicapped accessible. Two

apartments for additional

income. Listing Agent is related

to Seller. Exclusive. $1,100,000.

Call Barbara Clarke, Coffin Real

Estate, 508-280-2398.

NAUSHOP

3 bedrooms, 2.5 baths. $799,000.

Jordan Real Estate, www.jor-

danre.com, 508-228-4449.

INCREDIBLE VALUE

This 7 bedroom, 5 bathroom

duplex duplex conveniently

located to schools, bike path

and Town. Great employee

housing or as an investment

property or ideal for a family

to live in one side and rent or

sell the other. Listing Agent is

related to Seller. Exclusive.

$650,000. Call Barbara

Clarke, Coffin Real Estate,

508-280-2398.

MID ISLAND

3 bedrooms, 3.5 baths.

$739,000. Jordan Real Estate,

www.jordanre.com, 508-228-

4449.

NEW TO THE MARKET!

4 Wamasquid Place. Expansive

interiors on nearly 2 acres in

wooded neighborhood.

$1,395,000. Jack Bulger,

Coffin Real Estate 508-221-

0829.

CONVENIENT TO TOWN;

easy access to Madaket bike

path. 160 Main Street.

$1,250,000. Jack Bulger,

Coffin Real Estate 508-221-

0829.

NEW PRICE!

17 Pine Street Comfortable in-

Town house with off-street

parking, patio. $1,895,000.

Jack Bulger, Coffin Real Estate

508-221-0829.

SALES & RENTALS

ON NANTUCKET ISLAND

CANDLEWICKE

CORNER

Large bright newly constructed

commercial/residential build-

ing with 3 separate commercial

units in Nantucket's newest

commercial development. A

two-bedroom and a three bed-

room apartment located on the

second and third floors. Listing

Agent is related to Seller.

Exclusive. $1,100,000. Call

Barbara Clarke, Coffin Real

Estate, 508-280-2398.

YOURS FROM

NANTUCKET

“If you don’t own a home buy

one. If you own one home,

buy another one….” John

Paulson. In uncertain times,

opportunities arise. Interested

in buying or selling? Summer

rentals? Residential or com-

mercial investments? Now is

the time. Contact: Pat Carr

Calabrese 917-655-4642;

[email protected]

IN-TOWN GEM

36 Fair St, circa 1850, 6 bed-

room, 5 baths, now operating

as The Woodbox Inn, flexible

floor plan for easy conversion

into private residence.

Exclusive. $1,249,000 Call or

email Pat Carr Calabrese,

Compass Rose Real Estate,

917-655-4642, patcc@com-

passroserealestate.com

STORYBOOK CHARM

Thinking of old Nantucket,

look no more. Picture a white

picket fence leading up to a

storybook house. The feel of

warmth and comfort, surround

you as you walk through this

quaint old island home. Details

and special touches through-

out. Exclusive. $1,199,000.

Call Betsy Holden, 508-325-

2640, or Paul Surprenant,

Coffin Real Estate, 508-332-

9537

LOOKING FOR

PROPERTY?

Vacation rentals, second home,

investment property — you

need a matchmaker. Someone

who will help you identify and

show you properties that meet

your needs. I am that person. I

can show you any property for

sale on Nantucket. Just contact:

Marion Roland Conley,

Country Village Real Estate,

917-513-8199,

[email protected]

BUY CONVENIENCE

At the end of a cul de sac, this

duplex offers an excellent oppor-

tunity for employee housing or

for a family to live in one side

and rent or sell the other.

Convenient to schools and

Surfside Beach. Listing Agent is

related to Seller. Exclusive.

$700,000. Call Barbara Clarke,

Coffin Real Estate, 508-280-

2398.

Sales&RENTALS

NANTUCKETPROPERTY

To advertise, contact Don Costanzo

Email: [email protected]: 508-221-3268

Vicker DiGravio, III and Karen DiGravio of

Braintree, MA purchased a dwelling at 8 Jefferson

Lane from Candice Miller and Edward Bernard for

$1,400,000.

Carl and Sharon Nielsen of Pequannock, NJ pur-

chased a dwelling at 26 Nonantum Avenue from

EFR, LLC of Siasconset for $1,120,000.

Richard and Margaret Feodoroff of Raynham,

MA purchased a dwelling at 16 Swift Rock Road

from Ronald Bamber of Nantucket for $865,000.

Patrick McGloin and Geraldine Walker of

Nantucket purchased a dwelling at 5 Rachel Drive

from Jon Lucus and John Mederios of Narragansett,

RI for $625,000.

James and Jane Fitzgerald of Kensington, MD

purchased a dwelling at 62 Orange Street from

Edward and Barabra Masoro of San Antonio, TX

for $575,000.

Leslie Shubin of Alameda, CA purchased a

dwelling at 55 Goldfinch Lane from Wayne Homes,

Commissioner of Nantucket for $340,000.

Nicole and Delia Dumitru of Nantucket pur-

chased a dwelling at 46B Macy’s Lane from

Sovereign Bank of Wyomissing, PA for $300,000.

Compiled by Peter Sutters

RATES&TRENDS

Up14%

Will rates rise, fall or remain relatively unchanged?Here’s how experts surveyed by Bankrate.com

think rates will move in the next 30 days

Rate Trend Index

Down 53%

Unchanged33%

�1 year

3.27%Down .08%

5 Year

3.59%Down .14%

AdjustablesAverage Nantucketarea mortgage rates, week of March 21, 2011

Change fromprevious week

�15 Year

3.98%Down .17%

30 Year

4.76%Down .12%

Fixed Rates

WE’RE #1 FOR REAL ESTATE ON NANTUCKET

Nantucket Property News • www.nareb-online.com • Nantucket Property Journal

Continued from Previous Page

Page 24: NAREB News March 24, 2011

HISTORIC DISTRICT, MODERN HOME

$1,399,000Attractive, custom quality built 4 BDRM,

2.5 BA home. Comfortable spacious rooms,lovely hedged yard, central air & full basement.

Listing Broker: Constance Sturgis

SMUGGLERS LUCK$1,395,000

4 BDRM, 2.5 BA Surfside beachhouse just 200 yards from the sea.Fireplace, 2 car garage, roof walk,

sun deck, nice yard & hot tub.

Listing Broker: Cynthia Lenhart Broker is related to seller

WAUWINET withBEACH & HARBOR ACCESS

$2,850,000Delightful contemporary 4 BDRM, 3.5

BA home on 3.5 magnificent acresabutting conservation land on

2 sides.Terrific attention to detail,4 fireplaces, generous living

spaces inside and out.Deeded beach and harbor access!

Listing Broker: Cynthia Lenhart

FAIR STREET INN$1,249,000

This spacious 6 BDRM, 5 BA c.1850 gem iscurrently operating as the “Wood Box” but

could be easily returned to a private residence.Loads of character, fabulous location!Listing Agent: Pat Carr Calabrese

Cynthia Sadler Lenhart . Constance Sturgis . PJ Joyner . Pat Carr Calabrese . Beth Maier . Pam Sosebee . Jim Cahill

SURFSIDE KNOCKOUT$2,495,000

Charming rose covered craftsmanbuilt 4 BDRM, 4 BA home withadorable guest cottage, detached

office, surrounded by gardens on afabulously manicured one acre lot.Terrific location near Surfside Beach!

Listing Broker: Cynthia LenhartSeller is a MA licensed real estate agent

ABSOLUTELY ENCHANTING!$2,995,000

Magic from the moment you enter thedriveway as it winds through a tunnel of

greenery.The impeccably landscaped property camouflages the spaciousness

of this home, offers several spectacular outdoor living areas and big privacy! This 5+

BDRM, 4.5 BA home with its 1 BDRM,1 BA guest cottage is sure to surprise.

Listing Broker: Cynthia Lenhart

HOME SWEET HOME$599,000

Adorable Cape style 3 BDRM/ 2BA homein Abrem Quary neighborhood. Full base-

ment, maple floors, granite counters, stainlessappliances, fresh and attractive inside & out!

Listing Agent: Beth Maier

SIMPLY CHARMING$915,000

Cheerful home in popular Naushop. 5 BDRM/ 3.5 BA spacious living /dining rm, cozy familyrm w/ fireplace, den, great kitchen & breakfast

rm plus patio, hedged yard, & parking.Listing Broker : Cynthia Lenhart

EXCELLENT VALUE

Cisco Beach

Town

Edge of TownHarborfront

Wauwinet

Madaket

Summer’s Coming!Now is the time to reserve your Nantucket vacation.

We offer hundreds of vacation rental properties in all areas. Choose an upscale antique home in our

historic town, a contemporary Cisco Beach house with a pool or a rose covered Siasconset cottage.

Call, or check our web site to view listings.www.compassroserealestate.com

Prime season weeks book early in the most popular homes.Contact us soon to arrange your Nantucket holiday!

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A MUST SEE!