Nantucket Property Hits The Market At $56 Million

A Nantucket waterfront estate in the Monomoy neighborhood hit the market on Friday for a jaw-dropping $56 million, and could be on the cusp of breaking the record for the largest residential property sale in not only the island's history, but Massachusetts' history as well.

The 3.5 acre estate at 22 Berkeley Avenue was listed with Compass for an asking price of $56 million, as first reported by the Wall Street Journal. The current owners are venture capitalist Evan Jones and his wife, the wildlife photographer Cindy Jones, who bought the home for $16 million in 2006. The assessed value of the property is $28,125,400.

The property features three homes, including a four bedroom main house that stretches over 11,000 square feet. The property is surrounded by conservation land and was intriguing to the owners for its privacy when they made the investment 16 years ago. There is direct beach and water access along a private path.

One real estate agent told the Current this weekend that the home won't sell close to the asking price, but believes that if Evan and Cindy Jones listed the home at $40 million it may have already sold.

More details and photos of the home can be found on the official listing, which you can access by clicking here.

This sale would shatter the record set by Red Sox owner John Henry, which was a combined $37 million purchase for two properties back in April.