Current Real Estate Roundup - February 6, 2025
David Creed •
This week’s Current Real Estate Roundup includes property transfers from January 30th, 2025 to February 6th, 2025. It is led by the sale of Skyline Drive property for over $5 million, a Federal Street property for over $5 million, and a Centre Street property for $3.5 million.
42 Skyline Drive for $5,100,000 from Skyline Nominee Trust to C. Charles Larner, III & Brooke D. Larner. The property is 2.06 acres, a dwelling, and a Land Bank fee of $102,000 was paid. The assessed value of the property is $4,168,800.
Property Description: "Enter the shell driveway of this beautifully appointed two-acre Surfside estate, where elegant beach charm meets modern amenities that cater to every discerning buyer. This custom-designed property boasts eight-bedrooms and seven and one half bathrooms, including a main house and a two-bedroom carriage house with a two-bay garage, all meticulously maintained and bathed in natural light and comfort.
"Enjoy top-of-the-line stylish finishes across three floors, marble bathrooms, and a spacious finished basement complete with a bar and gym. Outside, a manicured expansive lawn surrounds a 16' x 30' heated pool, pergola, wood-burning brick fireplace, built-in grill, cabana with a wet bar, fridge drawer, and an enclosed outdoor shower. An 8x10 garden shed completes the picture of perfection."
16 Federal Street for $5,100,000 from Lee H. Dunn to 16 Federal LLC. The property is .04 acres, a dwelling, and a Land Bank fee of $102,000 was paid. The assessed value of the property is $3,555,400.
Property Description: "Located in the heart of Nantucket's commercial district, 16 Federal Street offers excellent visibility in a high foot traffic area. Large picture windows allow for a great display for gallery, retail or many other uses. Excellent investment potential as is. Prior uses included retail spaces and second floor apartments. 1,442 square feet of first floor space, 1,221 square feet of second floor space, and 121 square feet of loft area accessed by a ship’s ladder."
34 Centre Street for $3,500,000 from 34 Center Street LLC to Blue Sky Retail LLC. The property is .06 acres, a business, and a Land Bank fee of $70,000 was paid. The assessed value of the property is $3,908,800.
Property Description: "Located in historic downtown Nantucket, this iconic building offers live, work and retail space. The building has been fully updated and is being delivered turnkey with significant opportunities for an investor or end user. The property has three levels of multi-use space: a stunning two-bedroom, two-bathroom residential unit on the upper level, on the second level is a spacious retail space with high visibility and two private offices with separate access and the lower level features a contemporary renovated office space. Each level enjoys its own private exterior entrance. Options abound to condo units, convert to larger residential unit, maximize rental incomes, or enjoy as is."
20 Shell Street for $1,715,000 from Helen B. Reindel Trust to Kelly M. Baker and William K. Baker. The property is .07 acres, a dwelling, and a Land Bank fee of $34,300 was paid. The assessed value of the property is $1,716,900.
Property Description: "20 Shell Street is a quaint 1920's cottage, located in the heart of the charming village of 'Sconset with small rose-covered antique cottages, a specialty market, post office, sandwich shop, and wonderful restaurants. This property offers frontage on both Shell Street and Cottage Court, a private abutters way, and is only a short jaunt to the playground and beach entrance in Codfish Park. This property, with expansion potential, offers a fun and creative new design opportunity."
41 Macys Lane for $1,490,000 from Regina A. Jorgenson to Zachary Dusseau and Leigh Marr. The property is .17 acres, a dwelling, and a Land Bank fee was exempt. The assessed value of the property is $1,057,000.
Property Description: "This charming and bright three bedroom, two bath home with pine floors, a first floor bedroom and bath, top of the line gas stove, sunny kitchen, and spacious back yard with mature plantings is move-in ready. Enjoy the benefits of this convenient location and take advantage of the ground cover expansion possibilities that zoning offers in this area. A new roof was installed in 2021."
18 Boynton Lane for $1,070,000 from Harry C. Larrabee to 18 Boynton Lane LLC. The property is .15 acres, a dwelling, and a Land Bank fee of $21,400 was paid. The assessed value of the property is $1,194,100.
