Current Real Estate Roundup - July 25, 2024

This week’s Current Real Estate Roundup includes property transfers from July 18, 2024 to July 25, 2024. It is led by the sale of a pair of Davkim Lane properties for over $9 million, a Madaket Road property for over $4 million, and a West Dover Street property for over $2 million.

10 and 12 Davkim Lane for $9,500,000 from Davkim Smiley LLC to DXD SS Fund II Nantucket Propco LLC. The property is .61 acres, a dwelling, and a Land Bank fee of $190,000 was paid. The assessed value of the property is $1,820,700.

This property was previously owned by Core Investments, which is located on Boylston Street in Boston and specializes in acquiring and redeveloping urban mixed-use and commercial buildings. The company submitted plans on May 1, 2023 to develop a new 57,000 square foot storage facility.

The buyers are DXD.Capital, a real estate and private equity firm that focuses on self-storage, real estate development, and fund management services. They have revealed plans for a 1.2-acre facility that will be comprised of 667 units – with a net rentable square footage of 74,315 and a total gross square footage of 96,205.

“The vastly affluent community of Nantucket, combined with exceptional occupancy and high barriers to entry all contribute to the attractiveness of this project,” the company says.

You can view the plans for the project here.

49A Madaket Road for $4,137,500 from Karpowicz Family Revocable Trust to Scott W. Briggs Revocable Trust. The property is .50 acres, a dwelling, and a Land Bank fee of $82,750 was paid. The assessed value of the property is $3,528,600.

From our sponsor, Great Point Properties: “Ideally located on a slightly oversized lot west of town, 49A Madaket Road has so much to offer on Nantucket. The main house has 4 bedrooms, including a first-floor primary suite and multiple living spaces. Additionally, an oversized two-car garage offers a separate apartment with a private entrance.

“Convenient to the north shore beaches, Sanford Farm, Madaket, downtown Nantucket, and adjacent to a beautiful bike path and paved roadway, you can't go wrong with this home. This property is also serviced by Town water and Town sewer and has a little over 400 square feet of ground cover available for a future addition if desired.”

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

6 West Dover Street for $2,130,000 from Nancy Thornton, Tr SE Cacher Trust to CBR ACK Holdings LLC. The property is .14 acres, a dwelling, and a Land Bank fee of $42,600 was paid. The assessed value of the property is $1,600,500.

From GPP: “Located in the heart of downtown Nantucket, this property is a must-see on an oversized lot. Meander to the top of Main Street via a short walk up Orange Street to enjoy downtown shopping and dining.

“The main house is fully winterized for year-round living and offers a total of 5 bedrooms and 2 full bathrooms. Adjacent studio with vaulted ceilings, sleeping loft with double skylights, existing plumbing for bath/laundry, and galley style kitchen. Nearby shed has been converted to an artist studio with shiplap and windows to let in the natural light.

“Multiple outdoor living spaces including a large courtyard between main house and studio with an additional separate yard off of main house. Enjoy swing set, play house, and outdoor shower. With many recent updates including main house dormer, studio, kitchen and bathroom updates this property has much to offer the next owner.”

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

49 Red Barn Road for $1,440,900 from Capital Property Investments LLC to Kristy Bentley. The property is 3.79 acres, a dwelling, and a Land Bank fee of $28,818 was paid. The assessed value of the property is $962,670.

From GPP: “Relax, rejuvenate, renew from the moment you step onto this private oceanfront property. Enjoy spectacular sparkling ocean views from inside and out. Take pleasure in sunny days and ocean breezes on the wrap around deck, a stroll on the sandy beach just steps away, a refreshing ocean swim and an unobstructed view of the famous Madaket sunsets.

“The newly renovated post and beam custom four bedroom, three and one half bath home is situated on 3.8 acres and is surrounded by 57+ acres of conservation land. Feel like you are on vacation every day.”

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