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41 Jefferson Ave, Nantucket MA 02554

Nantucket, MA 02554 • Other Areas
$26,000,000
Est. $133,834/month
10
Beds
10.5
Baths
7,210
Sq Ft
$3,606
Price/Sq Ft
0.94
Acres
1930
Year Built
42
Days on Market
Closed Listed Aug 13, 2024 • MLS# 73276983 Copied!

About this home

A versatile property with some of the best views and one of the nicest beaches anywhere, this sprawling .94-acre Cliff Beach resort compound is a Nantucket landmark. Originally developed as a private beach club in the 1930s, the property includes a recently constructed, four-unit main beach house, two stand-alone cottages, two garages, an entry courtyard/garden and a large Belgian-block parking area. Less than a mile from the center of town in the tony Cliffside neighborhood adjacent to the Beach Club, the compound is part of the only residential/commercial (R/C) zoned property on Nantucket’s entire North Shore. Potential uses include; a spectacular residential compound, a luxury boutique hotel, an exclusive private club, a joint venture with other Island accommodation businesses offering the private bathing beach and large beachfront residences that they lack, or a condominium conversion... just to name a few. Significantly the property is not in a FEMA Special Flood Hazard Area.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1930
Bedrooms
10
Full Bathrooms
10
Half Bathrooms
1
Living Area
7,210 sq ft
Total Rooms
21

Sale Statistics

Sale Overview
Original List Price: $29,975,000
Final Sale Price: $26,000,000
Difference: $3,975,000 (-13.3%)
Performance Metrics
86.7%
List to Sale Ratio
Sold below asking price
42
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $4,157
Sale $/sq ft: $3,606
This property sold for $3,606 per square foot
Sale Summary

This property sold for 13.3% below the original asking price.

The property spent 42 days on market before selling.

Facts & Features

2 Car Garage
Central AC

Home Facts

Type Residential
Style Single Family Residence
Year Built 1930
Living Area 7,210 sq ft
Lot Size 0.94 acres
Bedrooms 10
Full Baths 10
Half Baths 1
Total Rooms 21

Interior

Heating Central, Forced Air
Cooling Central Air
Flooring Wood, Marble
Appliances None
Fireplace None
Fireplaces 2
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture Other (see Remarks)
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 2
Has Garage Yes
Features None
Total Spaces 16

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $25,964
Assessed Value $9,999

Interior Features

Flooring: Wood, Marble
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Style: Other (See Remarks)
Year Built: 1930
Structure Type:
Exterior Materials:
Roof:
Foundation: Concrete Perimeter

Heating, Cooling & Utilities

Heating: Central, Forced Air
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 2
Total Parking Spaces: 16
Parking Features:

Special Features

Fireplaces: 2
Fireplace Type:
Waterfront: Yes
Waterfront Type: Waterfront, Ocean, Sound, Harbor, Beach Ownership(Private)
View: Yes
View Type: Scenic View(s)
Community Amenities:

Location

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Neighborhood

Other Areas

41 Jefferson Ave, Nantucket MA 02554

Nantucket, MA 02554

Walkability

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Nearby Schools

School District
Nantucket School District local
C+
School Safety 2024-25
2.2% Average
1.7% Suspensions 2.0% In-School 0.5% Emergency
3.3% below state avg
E

Elementary Schools

4 schools
Nantucket Lighthouse School
2.4 mi
Grades PK-06
Nantucket New School
3.2 mi
Grades PK-08
B-
Nantucket Intermediate School
1.9 mi | #463 of 824 | Score: 45.7
Improved 206 spots from last year
-12.5 below state avg
366 students Diverse
Rising School Diverse Student Body
Grades 03-05
Nantucket Elementary School
1.9 mi
399 students Diverse
Diverse Student Body
Grades PK-02
M

Middle Schools

1 school
B-
Cyrus Peirce Middle School
1.7 mi | #181 of 352 | Score: 42.2
Improved 68 spots from last year
-16 below state avg
358 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

1 school
B
Nantucket High School
1.7 mi | #157 of 346 | Score: 54.6
Improved 16 spots from last year
-3.6 below state avg
596 students Diverse
18 sports • 1,090 athletes
High Graduation Rate College Ready Curriculum Strong Athletics Diverse Student Body
Grades 09-12
Learn about these ratings

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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $2,164
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

13.3%
Price Range
1671
Total Days on Market

Property Timeline

Sold
Nov 13, 2024
$26,000,000
Property sold
Days on Market: 1671
🏠
Listed for Sale
Aug 13, 2024
$29,975,000
Original listing
Agent: The Mazer Group Office: Compass

Price & Status History

Date Event Price Change
Aug 13, 2024 New Listing Added $29,975,000

Market Statistics

Days on Market
42 days
Price per Sq Ft
$3,606

Tax History

Year Taxes Assessment
2022 $25,964 $9,999

Financial Details

Annual Property Tax
$25,964
Tax Year 2022
Assessed Value
$9,999

Listing Information

Listing Agent The Mazer Group
Listing Office Compass
Agent MLS ID TM356385
Office MLS ID AN2383
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Nantucket, MA

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Steven Novak

Steven Novak

BMN Boston Real Estate

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