Red Sox Owner John Henry Completes Largest Residential Home Sale In Nantucket History
Jason Graziadei •
Boston Red Sox owner John W. Henry added to his Nantucket real estate portfolio this week, acquiring a piece of vacant land on Shimmo Pond Road for $12.64 million.
The parcel abuts the waterfront estate in Shimmo that Henry purchased in late April for $25 million.
Taken together, Henry purchased the adjoining properties - which had previously been on the market together - for $37 million, making it the largest residential home sale in Nantucket history. It exceeds the previous record of $36 million for a home on Lincoln Avenue that was set less than two months ago.
Henry, who is also the principal owner of The Boston Globe and the Liverpool Football Club, has now paid the Nantucket Land Bank in excess of $740,000 over the past two months as a result of the 2 percent transfer fee on real estate transactions.
The property Henry acquired at 4 Middle Valley Road includes a waterfront estate that features multiple buildings totaling 18,100 square feet, including 10 bedrooms and 15 bathrooms. It was previously owned by entrepreneur Donald Burns, who tapped internationally known architect Hugh Newell Jacobsen to envision the compound. The property was recently featured in Architectural Digest.
The two properties at 4 Middle Valley Road and 48 Shimmo Pond Road - both owned by Burns - had been on the market together for $42.5 million.
Henry and his wife Linda Pizzuti have previously vacationed on Nantucket, and once told WGBH that the decision to move forward with the purchase of the Boston Globe was finalized during a beach walk on the island.
The deals for the waterfront estate mark just the latest high-end real estate transaction in Nantucket’s white-hot real estate market. The aforementioned $36 million sale of 21 Lincoln Avenue - which is believed to have sold to Texas businessman Robert Bass - was preceded by the $32.5 million sale of 42 Easton Street on Brant Point last October to Stephen A. Schwarzman.
Last year there were two other sales over $30 million on Nantucket, including the commercial properties of the Beachside Hotel for $38 million, and the Nantucket Inn for $30 million.
Video of the property below from Maury People Sotheby's International Realty: