Current Real Estate Roundup - July 7, 2024

This week’s Current Real Estate Roundup includes over $60 million in property transfers from June 27, 2024 to July 5, 2024. It is led by the sale of a Shimmo Pond Road property for $24 million, a Hinckley Lane property for over $17 million, and a Bosworth Road property for over $5 million.

42 Shimmo Pond Road for $24,000,000 from Low Shimmo Nominee Trust to ACK Koda LLC. The property is 1.58 acres, a dwelling, and a Land Bank fee of $480,000 was paid. The assessed value of the property is $18,350,400.

“Experience the enduring charm of 42 Shimmo Pond Road, affectionately dubbed "Low Shimmo," a masterpiece nestled in the heart of Nantucket's coveted harborfront community. Originally built in 1928, this residence underwent a meticulous renovation in 1993 under the skilled guidance of architect D. Neil Parent.

“Situated in the prestigious Shimmo neighborhood, this captivating property features seven bedrooms and seven and a half bathrooms, each meticulously crafted to embrace the serene beauty of waterfront living. From nearly every vantage point, immerse yourself in the captivating vistas of Nantucket Harbor and the sweeping panoramas of Town, Coatue, and beyond, as virtually every bedroom offers unparalleled water views. The generously proportioned living spaces are artfully designed to foster connection and conviviality, providing the ideal setting for cherished gatherings with family and friends.

“Step outside onto the expansive decks and revel in the quintessence of coastal living. Boasting a 400-foot private dock, the property offers unparalleled access to the harbor's azure waters. With approximately 68 linear feet of float space, it presents an idyllic sanctuary for boating enthusiasts and those seeking a tranquil refuge by the sea.

“Experience the pinnacle of seaside living at 42 Shimmo Pond Road, where every detail is crafted to elevate your lifestyle and cultivate timeless memories amidst the splendor of Nantucket's renowned real estate.”

The $24 million price tag placed this property amongst the most expensive real estate transactions in island history.

The Current covered the sale of this nearly century-old waterfront compound on Nantucket Harbor that sold on June 28. For more information and photos, click here to read our original report. You can click here to access the listing on the Great Point Properties website.

11 Hinckley Lane for $17,725,000 from Six Sea LLC to Ily Forest LLC. The property is .85 acres, a dwelling, and a Land Bank fee of $354,500 was paid. The assessed value of the property is $8,714,900.

From GPP: “11 Hinckley Lane is located on one of the most sought-after areas on the Cliff. One mile from town, the property is situated close to The Westmoor Club, Tupancy Links Conservation Land, bike paths, and offers private beach access at the end of Hinckley Lane.

“The main house, two-car garage, pool, and pool house sit on an oversized lot giving this property an estate-like feel. The interior design by Lisa Frantz (acclaimed set designer of Sex and the City), breathes life into this extraordinary home alongside the custom-build by Shelter7. The property sleeps 16 and operates with a geothermal heating and cooling system to maximize efficiency. If desired, the property offers the opportunity to expand with over 1200 square feet of ground cover remaining.”

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

30 Bosworth Road for $5,550,000 from John Fraunfelder and Barbara Fraunfelder to J. Michael Sutka Revocable Trust and Tracy H. Sutka. The property is .23 acres, a dwelling, and a Land Bank fee of $111,000 was paid. The assessed value of the property is $3,856,300.

From GPP: “Enjoy the sense of leaving the world behind as you turn down Bosworth Road, a private road flanked by high brush that transports you to your happy place. Park in the white clamshell driveway and open the wooden gate to a brick path that leads you to the large, covered porch. An open floor plan welcomes you into the living room with a wood-burning fireplace and first-floor water views of the Atlantic Ocean. A large kitchen island will be the gathering place for family and friends and a large dining room table is begging for lobster bakes in the summer and Thanksgiving dinners in the fall. Strong water views from nearly every window ensures a constant reminder that you’re home at the beach”

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

1 Hedgebury Lane for $4,862,500 from James M. Sullivan to David Borden. The property is .53 acres, a dwelling, and a Land Bank fee of $97,250 was paid. The assessed value of the property is $5,006,375.

137 Wauwinet Road for $4,100,000 from John G. Rowe to ACK 137 Wauwinet LLC. The property is 1.20 acres, a dwelling, and a Land Bank fee of $82,000. The assessed value of the property is $5,006,375.

From GPP: “’Live in the sunshine, swim the sea, drink the wild air,’ – Ralph Waldo Emerson. The best of summer can be enjoyed at this Wauwinet beach house. Appreciate every sunrise and sunset, fishing, boating, swimming, and exploring miles of Conservation land just outside your front door. Stretching from the harbor to the ocean, this four-bedroom home is one of the very few properties on Nantucket to offer both ocean and harbor frontage.”

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

8 Maple Lane for $2,195,000 from Stephen Tomasello and Kelley Tomasello to Stephen Lasota and Kathy Lasota. The property is .46 acres, a dwelling, and a Land Bank fee of $43,900 was paid. The assessed value of the property is $741,000.

8 Red Mill Lane for $2,125,000 from 8 Red Mill Lane LLC to 8 Red Mill Lane LLC. The property is .23 acres, a dwelling, and a Land Bank fee of $42,500 was paid. The assessed value of the property is $1,023,100.

Portion of 109 Old South Road for $750,000 from Kelly W. Jackson to Quaiapen LLC. The property is .15 acres, vacant land, and a Land Bank fee of $15,000 was paid. The assessed value of the property is N/A.

25 Beach Grass Road for $620,000 from Stephen Zimmerman and Heidi Zimmerman to Michael Touchette and Louise Touchette as Trustees of the Oakridge Realty Trust. The property is .1 acres, vacant land, and a Land Bank fee of $12,400 was paid. The assessed value of the property is $306,700.

21 Beach Grass Road for $248,000 from Richmond Great Point Development LLC to Sasha Gay Andrea Barham-Elliott & Damion Elliott & Linnette Brown. The property is .09 acres, a dwelling, and a Land Bank fee was exempt.

22 Flintlock Road for $100,000 from Julie Ann Clara Kellogg to Lucas S.S. Johnston. The property is 1.1 acres, a dwelling, and a Land Bank fee of $2,000 was paid. The assessed value of the property is $1,351,400.