• Wed. Nov 29th, 2023

    New Real Estate Transactions on Martha’s Vineyard

    BySharna Bass

    Nov 21, 2023
    New Real Estate Transactions on Martha’s Vineyard

    Martha’s Vineyard, an idyllic island off the coast of Massachusetts, has seen a flurry of real estate activity in recent weeks. From Edgartown to Oak Bluffs, buyers and sellers have been making significant transactions, making their mark on the island’s property market.

    In one notable transaction, Kara E. Klein, trustee of the Kara E. Klein 2012 Irrevocable Trust, sold 16 South Road to North Bog LLC for an impressive $2,012,000. The property, previously owned by Kara O’Sullivan, is sure to be a valuable addition to North Bog LLC’s portfolio.

    Moving to Edgartown, Jacqueline Friedman recently sold 25 Old Dunhams Corner Way to Branch Martha’s Vineyard LLC for $2,500,000. This prime piece of real estate is bound to attract attention and potentially become a sought-after destination on the island.

    In Oak Bluffs, Benjamin R. Scott and Lainey Fink Scott made a wise investment decision by selling 2 Great Rock Road to Michael J. Pratts for a cool $1,400,000. The property’s prime location and charm likely contributed to its attractive price tag.

    It’s not just luxury properties that have been changing hands on Martha’s Vineyard. In West Tisbury, Mary Kuhn sold 175 Oak Lane to Tisaquam Holdings LLC for $1,125,000. This transaction shows that both high-end and more affordable properties are in demand on the island.

    With these recent transactions, Martha’s Vineyard continues to be a hot spot for real estate investment. The island’s natural beauty, tight-knit community, and exclusive ambiance make it a desirable location for both permanent residents and vacation home seekers.

    FAQ:

    Q: Can you provide more information about Martha’s Vineyard?
    A: Martha’s Vineyard is an island located south of Cape Cod in Massachusetts. It is known for its picturesque landscapes, quaint towns, and beautiful beaches. The island has a rich history, vibrant art scene, and attracts visitors from around the world.

    Q: Are there any notable landmarks on Martha’s Vineyard?
    A: Yes, Martha’s Vineyard is home to several landmarks, including the Edgartown Lighthouse, Aquinnah Cliffs, and the Gingerbread Cottages in Oak Bluffs.

    Q: What is the average home price on Martha’s Vineyard?
    A: The average home price on Martha’s Vineyard can vary depending on the location and type of property. Currently, the median home price on the island is around $1.3 million.

    Q: How can I buy property on Martha’s Vineyard?
    A: If you are interested in buying property on Martha’s Vineyard, it is recommended to work with a local real estate agent with expertise in the area. They can assist you in finding suitable properties and guide you through the buying process.

    Q: Are there any restrictions on property ownership on Martha’s Vineyard?
    A: While there are no restrictions on property ownership based on residency, Martha’s Vineyard does have strict conservation regulations in place to protect its natural beauty and environment. It is important to be aware of these regulations when considering purchasing a property.

    Sources:
    Martha’s Vineyard Chamber of Commerce – https://www.mvy.com/
    Martha’s Vineyard Times – https://www.mvtimes.com/