The Great Harbor Yacht Club has added to its real estate portfolio with its recent acquisition of 19 Nobadeer Farm Road, a deal that will impact several island businesses.
The yacht club closed on the property last Friday for $2.7 million, purchasing the one-acre parcel from island resident Dylan Wallace. The dwelling on the property - located behind the Small Friends early childhood education center - includes a two-bedroom, two-bath unit on the second floor, and a commercial kitchen on the first floor that is currently utilized by the Slow To Rise Bakery and Sushi Sean 11:11, along with Wallace’s Eat Fire Pizza.
The property is located a short distance away from Great Harbor Yacht Club’s existing tennis and swim club at 23 Nobadeer Farm Road. The club’s general manager Stephen Creese confirmed the acquisition but said it’s not yet clear how it will be used in the future.
“We have no definitive plan for the property and are exploring potential club-related uses,” Creese told the Current.
The Nantucket Land Bank held a right of first refusal to purchase the property but voted not to exercise the option, according to a waiver filed with the Nantucket Registry of Deeds.
Wallace said the sale was motivated by several considerations including his growing family, but that he intends to stay on-island and continue both Eat Fire Pizza and Eat Fire Farm. Wallace and his partner Caroline Borrelli have operated Eat Fire Farm since 2019 at the Land Bank’s Mount Vernon Farm property off Hummock Pond Road. The couple has found another property on-island that they will close on in the coming weeks, Wallace said.
“We feel very fortunate and very lucky,” Wallace said. “Everyone has been so gracious to us.”
The Great Harbor Yacht Club has agreed to lease the property at 19 Nobadeer Farm Road back to Wallace through September 2024, which will allow both Slow To Rise Bakery and Sushi Sean another season to operate there if they choose to. The bakery’s owners, Tucker Puljic and Katrina Newfrock, stated they are evaluating all their options now.
“Yes, 19 Nobadeer Farm Rd has sold but the buyer will be renting back the property to Dylan Wallace until October of 202,” they said. “So we theoretically have one more season to rent there, though we’re also keeping an eye on the 5 Amelia (Drive) space (being converted into a commissary kitchen and business incubator), and looking for an eventual retail location.”
Sean Durnin, owner of Sushi Sean, said he would be moving on when his lease at 19 Nobadeer Farm Road expires this fall, but planned to continue to operate around the island.
"I haven't really heard too much about it other than it's been sold," Durnin said. "My lease is up at the end of October. I have had a great business relationship with Dylan and wish him well. Our friends at Yummy's (off Surfside Road) are leasing to us to continue our pop-up for the fall and into winter and then spring. Whatever next year brings, we will keep it thriving and exciting.