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508-228-4449

31 Western AvenueNantucket, MA 02554Price: $6,000,000

  • Price: $6,000,000
  • 86 Days on Market
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Federal 30-year interest rate: 6.2% last updated on Sep 12, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $6,000,000List Price
  • 5Bedrooms
  • 4Bathrooms
  • 3,840Square Feet
  • Star of the Sea - This magnificent property has a rich history deeply intertwined with Nantucket's maritime heritage. Originally built in 1873 as a Life Saving Station, the main structure exudes timeless elegance with its Victorian Gothic architectural style. Situated on an expansive parcel of land with breathtaking ocean views, this property offers a truly enchanting setting. Directly across the street is a park with convenient public stairs accessing the beach. In addition to the main structure, there are three other buildings on site. A second dormitory-style structure, once a stable, a studio cottage, which was formerly a storage building and privy, lastly a finished storage building with a loft offers additional space for various purposes. The Star of the Sea is a recognized treasure, listed on the National Register of Historic Places and designated as a National Historic Landmark. It serves as a poignant reminder of the brave individuals who served at this life-saving station and contributed to Nantucket's remarkable maritime history. Preserving the integrity of this historic gem, a preservation easement with the Nantucket Preservation Trust ensures that the exterior facades will remain intact. This commitment to stewardship ensures that future generations can appreciate and cherish this remarkable property. This property has approvals in place to convert the property into a 16 bedroom hotel. These approvals include a full rework of the interiors to create living space and separate bedrooms, as well as a septic design to accommodate the permitted use. If one wanted to convert this property into a single family property, that would be possible as well. Please note that viewings of the property require advance notice, as it is occupied for the entire summer season.  Full set of the plans and septic design plans available upon request.Description
Listed by Carl C. Lindvall of Douglas Elliman Nantucket

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Based on information submitted to MA_LINK as of September 13, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or MA_LINK.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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