Just off the coast of Massachusetts is the tiny island of Nantucket — where some of the nation’s wealthiest individuals own summer vacation homes, from Google’s Eric Schmidt (net worth: $13.8 billion) to former GE CEO Jack Welch.
Who owns the most property on Nantucket?
the Nantucket Conservation Foundation
With over 9,000 acres, the Nantucket Conservation Foundation is the largest land owner on the island with about 30% of the protected open space.
What is the richest part of Nantucket?
Siasconset, better known to locals as ‘Sconset, is the only other designated town other than Downtown Nantucket on the island. With a population of 205, it is home to some of Nantucket’s wealthiest homeowners.
Is Nantucket a rich area?
In fact, it’s home to 12 of the world’s richest billionaires. Located 30 miles off the coast of Cape Cod, Nantucket has long been a popular summer destination for wealthy vacationers. With its striking water views and seaside charm, Nantucket boasts a median home price of $1.85 million.
Who owns the most expensive house in Nantucket?
Sotheby’s Realty The most expensive estate on Nantucket is on sale for $59 million, according to Forbes. The estate belongs to the late Russell Dale Phelon, the former owner of privately held engine electronics maker R.E. Phelon Co.
Does anyone famous live on Nantucket?
Famous second homeowners include Secretary of State John F. Kerry and his wife, philanthropist Teresa Heinz Kerry; former General Electric chief executive Jack Welch; and Google executive chairman Eric Schmidt and his wife, Wendy, who has made preserving Nantucket her mission.
What celebs live on Nantucket?
Jerry Stiller and his late wife, Anne Meara, have had a home there for decades and their son, Ben Stiller, and his wife, Christine Taylor, are frequent visitors. Kathie Lee Gifford, “Today” show hostess with the mostess,? her late hubs, Frank Gifford,?and actor John Shea also are longtime home-owners.
How many millionaires live on Nantucket?
| County | Total Households | Percent Millionaire Households |
|---|---|---|
| Nantucket County, MA | 6,080 | 4.7% |
| Plymouth County, MA | 185,194 | 2.7% |
| Suffolk County, MA | 276,655 | 2.5% |
| Worcester County, MA | 304,338 | 2.2% |
Is Nantucket snobby?
Both islands, of course, are summer paradises of great natural beauty. They are also very expensive, very exclusive, and very preppy. Nantucket, the broad-brush argument goes, is just more extreme in all categories. In other words, many Vineyarders say, “snobby.
Do wealthy people live in Nantucket?
Just off the coast of Massachusetts is the tiny island of Nantucket — where some of the nation’s wealthiest individuals own summer vacation homes, from Google’s Eric Schmidt (net worth: $13.8 billion) to former GE CEO Jack Welch.
Is Nantucket expensive to live?
According to the Massachusetts Department of Consumer Affairs, the cost of living on the island is 21 percent higher than in the rest of the state. Income for more than 25 percent of the island’s families is less than $10,000 a year.
What’s the most expensive house on Nantucket?
Here it is, Massachusetts’ most expensive single-family home sale of 2018: a gigantic nine-bedroom mansion perched on the coast of Nantucket. Coldwell Banker Residential Brokerage agent Jonathan Radford broke this year’s sale price record record when he sold the 63-acre estate on November 22—for a whopping $25 million.
How many people live in Nantucket full time?
How many people live on Nantucket? According to thew 2020 census, the island has a year round population of around 14,255. In July and August the population swells to around 80,000 or more.
Is Nantucket the most expensive real estate?
Nantucket, Massachusetts, is the most expensive vacation-home county in the U.S., according to a report by the National Association of Realtors (NAR) out Thursday. In the county, which consists of three small islands including Nantucket, Tuckernuck and Muskeget, 55.5% of homes are vacation homes.
Where do celebrities stay in Nantucket?
When the stars do come to Nantucket, they “typically rent homes—large homes, and ones that have some privacy,” says Percelay. Occasionally, celebrities will stay at boutique hotels like 76 Main Street or 21 Broad Street, but according to Percelay, they more often rent private homes.
Who owned Nantucket?
The “nine original purchasers” were Tristram Coffin, Peter Coffin, Thomas Macy, Christopher Hussey, Richard Swain, Thomas Barnard, Stephen Greenleaf, John Swain and William Pile.
How many homes are on Nantucket?
Nantucket has 11,650 housing units: 64 percent seasonal and 36 percent year-round. The median home price on Nantucket is $1.2M, yet the median family income is $92,800. Homeownership is prohibitive for 90 percent of the island’s year-round households.
What is Nantucket famous for?
Nantucket is known for whaling, Nantucket bay scallops, foggy weather, lighthouses (three of them!), Main Street, Cisco Brewers, fantastic fishing, iconic holidays like Nantucket Stroll and the Daffodil Festival and the Rainbow Fleet.
Do people live on Nantucket all year?
Traditional summertime destinations, including Nantucket, have become year-round residences for many denizens who used to be seasonal—and the reactions are mixed.
Where do locals shop Nantucket?
From t-shirts to haute couture, the best clothing shops on Nantucket offer whatever you need to dress the adults and children in your life.
There are even downtown shops that specialize in vintage clothing.
- Respoke.
- Native Shoes.
- Commonwealth.
- Vis a Vis.
- Nantucket Reds.
- Sunken Ship.
- Nantucket Looms.
- Sara Campbell.
What are winters like in Nantucket?
Temperatures hover between 30 and 50 degrees in the winter, but that doesn’t mean you can’t enjoy quality time in the great outdoors. Pack a good coat, gloves, and scarf, bring your camera, and take in the picture-perfect scenery that Nantucket enjoys during the winter.
