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Sotheby's News: $59 Million Nantucket Listing

Nantucket Real Estate, Maury People Sothebys International Realty, Nantucket Homes, Sotheby's News, Nantucket Mansions

70-Acre Nantucket Home, Yours for $59 Million

Perhaps the property soon to earn the title as the most expensive house to ever be sold in Nantucket history, a new 70-acre, 20-room estate has just come on the market for a lofty $59 Million. Listed with Maury People Sothebys International Realty in Nantucket, this home seems far and away the gem of the island as the most expensive home ever sold here came in 2010 for a still whopping $28 Million.

Located on the waterfront, this new listing boasts everything from a 9.5 bathrooms to a two-bedroom gatehouse cottage, another two-bedroom guest cottage closer to the main house, a boathouse, many sprawling fenced-in pastures, and even a octagon-shaped studio. The property originally was bought for $7.1 Million in 1997 by the previous owner, the late Russell Dale Phelon, owner and president of R.E. Phelon Co.; a company that builds engine electronics and ignition systems out of South Carolina. Phelon completely revamped the property, building a new house and redoing the grounds and surrounds to the highest possible degree of workmanship and due care.

This home is sure to garner much attention especially considering all of the publicity it will continue to receive. If keen on this property or any others in the picturesque oasis that is Nantucket, feel free to contact us at Gibson Sothebys International Realty to see how we can best serve you in this regard.

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