Archive for the 'Marthas Vineyard' category

From KCMBlog.com

Posted: 26 Apr 2012 04:00 AM PDT

Tuesday night Edgartown voters approved an expenditure to build a new library just outside of town.  After voting in favor of the new library, voters agreed to the sale of The Captain Warren House.  That property had been purchased in 2004 with plans to expand the current location.  The purchase price was $3.5M and current assessment is $3,693,000.  I have heard a figure being bounced around of $4 million.

At some price a good opportunity for an intown project.  Perhaps a major project.

What a great history this Edgartown home has  "The Captain Valentine Pease House on South Water Street. Offered here is one of Edgartown's true whaling captain's homes that is rich with history and dates to 1836.  The original owner, Captain Pease of the whaling ship "Acushnet," is believed to be one of the inspirations behind Herman Melville's "Moby Dick" character Captain Ahab, as Melville's brief career at sea featured a term under Captain Pease.  Additionally, in recent times, the property was owned for many years by Oscar-winning actress Patricia Neal.  Currently, the home, which sits opposite from the Mayhew Parsonage and enjoys clear views of the harbor as a result, is an attractive blend of modern amenities and historic charm, having been updated through the years with a new kitchen with granite counters, central air conditioning, forced hot water heat, and more.  Completing the property is a private back yard and detached one car garage that is set back from South Water Street.  A rare offering in the village's center."  Click here for more information. Priced at $3,380,000

I have posted a few articles to our Home Page, Housing Must Be a National Priority and Barclays analyst sees housing rebound coming in 2012.
However, reading Esquire’s Best of 2011, I wonder why there has been so much negativity in the news, leading to depressed moods and depressed economies. I truly believe if the focus were just tilted a bit toward some of the better news that is out there this recovery including some action from Washington would be forthcoming. Increase demand; fix the economy. My hope for 2012: Peace on Earth: Goodwill toward All.
 

Christmas in Edgartown is a Vineyard tradition shared by young and old and enhanced by the glimmer of freshly fallen snow.  This weekend event is bursting with festivities and shopping which will certainly get you in the holiday spirit.  Click here for a full list of events.

To some, they’re a boon to the construction industry; to others, a blight on the landscape. When talk turns to whether the Martha’s Vineyard Commission should regulate so-called mega-mansions on the Island, there’s rarely middle ground, and there’s usually a crowd.   On Monday the commission land use planning committee met to discuss possible changes to the DRI checklist, the process that determines what projects are sent to the commission for review as developments of regional impact. The Vineyard Conservation Society, an outspoken opponent to the proliferation of what it sees as out-of-scale trophy houses, and the West Tisbury planning board asked the commission to consider adding the construction of large houses to that checklist. The meeting wasn’t a public hearing, but it attracted representatives from both the Island construction and conservation communities, and prompted both sides to speak out.  Read more...

As another summer season ends and the market picks up, at least seasonally, I am surprised not by what has sold nor the rate of sales but rather those homes that have not sold (and are ripe for offers). The properties featured this month all have a good relationship to water, are in the prime range of $750,000 to $1,750,000, and those that need renovation are priced appropriately. I realize we have come through a very weak market yet these stand out because other waterfront and water view properties have continued to sell well. For more information about these properties click November RealtyTimes.