Its easy to understand why Paul and Bunny Mellon chose this site for their storied summer home. Situated on a bluff, overlooking Nantucket Sound, the southwesterly trade winds, gentle but constant, drive the tempo of the sea just beyond a protected barrier island. No doubt the Mellons selected this site for its sweeping views, privacy and seclusion.

 

Market Highlights

HIGH-END $2,000,000+ MARKET HIGHLIGHTS

• Inventory up 1% (record 295 vs record 292 last year).
• Sales volume up 13% (record 204 vs record 181 last year).
• Top sale: $12,300,000, 27 Marchant Ave, Hyannis Port.
• Buyers benefit from improving inventories. Despite economic and political uncertainty, sales
  are at record levels.
• Sea level rise, storm impacts, and costly insurance are concerns for coastal
• [...]

At the end of the third quarter, the inventory of high-end listings, active and pending, increased 6% to a record 450 listings compared to a record 423 last year.

We’ve long talked about a bimodal economy, the haves and the have-nots. Presently that wealth and income gap is widening faster than ever, and it is unsustainable.

LandVest | Christie’s International Real Estate is pleased to announce the record-breaking sale of 48 Witchwood Lane in Edgartown, which closed at $37.5 million, setting a new benchmark for the highest recorded residential sale in Martha’s Vineyard.  

The landmark transaction, alongside the closing of 81 South Water Street at $17.25 [...]