Current Real Estate Roundup - December 14, 2023

This week’s Current Real Estate Roundup includes property transfers from December 7, 2023 to December 14, 2023. It is led by the sale of a North Water Street property for over $7.5 million, a North Pasture Lane property for $5.5 million, and an Eat Fire Spring Road property for over $3.5 million.

11 North Water Street for $7,515,000 from Challdam LLC and BL Holdco LLC to 11 North Water Street LLC. The property is .17 acres, a dwelling, and a Land Bank fee of $150,300 was paid. The assessed value of the property is $4,636,900.

This property is the historic Brass Lantern Inn on North Water Street, which was sold on Wednesday for $7.5 million to Blue Flag Partners in the latest acquisition by the Boston-based real estate firm.

Built in 1847 one year after the Great Fire destroyed the previous structure on the property, the Brass Lantern Inn has been a guesthouse since the early part of the 20th century and was previously known as the Parker House and the Stetson House.

You can read the Current's full story on this property and the transaction by clicking here.

37 North Pasture Lane for $5,500,000 from Gregory P. Althans, successor Trustee of The Mercer Nominee Trust to Michael R. Bloxam and Kimberly A. Strosnider. The property is 2.48 acres, a dwelling, and a Land Bank fee of $110,000 was paid. The assessed value of the property is $5,278,600.

From our sponsor, The Maury People: “'Wingfoot Landing'" is a true island oasis! Designed by J. Gwynne Thorson, it is located on highly sought after and private North Pasture Lane. This beautifully landscaped property overlooks over 600 acres of Nantucket Land Bank and Nantucket Conservation Land. Located at the end of a quiet cul-de-sac on nearly 2.5 acres, 'Wingfoot Landing' feels incredibly private with a walking trail to access conservation land very close by, yet just moments to the Polpis bike path and 10 minutes driving to most island conveniences.

"The five bedroom, 5.5 bathroom home currently offers over 3600 sq ft of living area with the very rare design of three first floor ensuite bedrooms. A freestanding garage was constructed in 2012 with an outdoor shower and attached shed for beach gear and storage. Surrounded by a private front yard and a large back yard, this house is ideal for all of your summer activities! Relax on the expansive deck or barbecue on the kitchen patio after a day at the beach or bike riding around the island.Space available for a pool and hot tub- two newly completed conceptual renderings posted to visualize. I/A 6 bedroom septic system installed in 2020."

For more photos and information for this property, click here.

18 Eat Fire Spring Road for $3,625,000 from The Sarah Breckenridge Knauft Revocable Trust to 5 Wigwam Road LLC. The property is 3.24 acres, a dwelling, and a Land Bank fee of $72,500 was paid. The assessed value of the property is $3,354,500.

From The Maury People: “Privacy and Harbor Views: This special property with 3.24 acres is set high on the east end of the island and offers the perfect spot to enjoy peace and quiet close to Quidnet. Views of Nantucket and Polpis Harbors and Tuckernuck on a clear day. One can see all three lighthouses from the roof walk. Main house with 4 bedrooms, 3+ baths, multiple living areas and decks as well as a fully equipped attached cottage with 2 bedrooms, full bath and a private deck. The property includes a full basement and two-car garage."

For more photos and information on this property, click here.

Portion of 18 Vesper Lane for $2,799,873 from Town of Nantucket Affordable Housing Trust Fund to Nantucket Cottage Hospital. The property is 1.71 acres, vacant land and buildings, and a Land Bank fee was exempt. The assessed value of the property is $1,558,100.

55 Burnell Street for $2,750,000 from Jason S. Davidson to Notlih LLC. The property is .50 acres, a dwelling, and a Land Bank fee of $55,000 was paid. The assessed value of the property is $2,105,100.

11 Adams Street for $2,250,000 from Richard J. Diamond Revocable Trust & Jeanne A. Diamond Revocable Trust to Nobadeer LLC. The property is .57 acres, a dwelling, and a Land Bank fee of $45,000 was paid. The assessed value of the property is $2,051,303.

Portion of 16 Vesper Lane for $1,605,465 from Nantucket Cottage Hospital to Town of Nantucket Affordable Housing Trust Fund. The property is .98 acres, a vacant land, and a Land Bank fee was exempt. The assessed value of the property is $1,881,000.

7 Second Way for $1,600,000 from Jennifer Eldridge, Personal Representative of the Estate of Marcia T. Eldridge to Michael Baker and Carly Ambrose. The property is .24 acres, a dwelling, and a Land Bank fee of $32,000 was paid. The assessed value of the property is $919,000.