Mapgeo Nantucket (2024)

FAQs

What is the average income in Nantucket island? ›

Monomoy, Shimmo, Shawkemo, Quaise

Located along the harbor, the high-end homes in these quiet, highly desired residential areas have beautiful views of Town and Coatue. The Nantucket Land Bank's Creek Preserve overlooks Monomoy, and the Nantucket Conservation Foundation's Maskquetuck Reservation is in Shawkemo.

An estate at 20, 21 and 22 Berkeley Ave. on [+] Nantucket in Massachusetts has become the state's most expensive home ever sold, for $38.1 million.

A lot of real estate value is at stake. Over the past two centuries, Nantucket has gone from a whaling town to a hippie refuge to a holiday hot spot for billionaires.

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.

Standard statistical tests suggest that the difference between the two islands is likely attributable to chance, given the constant fluctuations in room pricing and qualifying hotels. The median price on Nantucket was $618, and the median price on Martha's Vineyard was $653.

Nantucket, MA, has long served as a sandy summer paradise for jet setters such as Joe Biden, Ben Stiller, Kourtney Kardashian, and former Google CEO Eric Schmidt, among others. Not surprisingly, homes in Nantucket's highly exclusive luxury market known as “Billionaires Isle” are listed for many millions.

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.

The cost of living in Nantucket, MA is 58% higher than the state average and 132% higher than the national average. Nantucket, MA housing is 319% more expensive than the U.S average, while utilities are about 3% less pricey.

The iconic grey color of Nantucket houses is both practical and historically significant. Originally, the grey color came from the weathering of the natural cedar shingles used in construction. These shingles, left untreated to withstand the harsh coastal climate, gradually fade to a silvery grey.

What is the least expensive house on Nantucket? ›

So, let's talk about the highs and lows of Nantucket real estate. The least expensive home sale in 2023 was a two bedroom, two bath home in Madaket for $650,000. The most expensive home sale in 2023 was the $42 million sale of 68 & 72 Monomoy Road, a 1.2-acre waterfront property.

These signs were placed on the ship's stern and along the quarter panel of the bow– hence the name quarterboards. In later years, with the decline of whaling many of the ship quarterboards were removed and were displayed on island houses, thus beginning the tradition of naming Nantucket homes.

While it normally goes for a humble $6,628 per night, the Kardashians' stay was comped by Airbnb. Of course the four-bedroom house included a guest cottage, pool house, private beach, pool, in-home theater, and game room.

The disgruntled residents include finance billionaires Charles Schwab and Charles Johnson, along with their spouses; their attorney had argued that the proposed licenses would “destroy the ambience” of the area and “substantially interfere with my clients' peaceful residential use of their property.” Sadly for them, ...

In 2016, Kourtney Kardashian vacationed with Mason, Penelope, Reign and ex Scott Disick in a $50 million beachfront rental from Airbnb. Other stars who've been spotted on Nantucket include Amy Poehler, Joe Biden, Ben Stiller, James Franco, Drew Barrymore and Jenna Dewan.

The cost of living in Nantucket, MA is 58% higher than the state average and 132% higher than the national average. Nantucket, MA housing is 319% more expensive than the U.S average, while utilities are about 3% less pricey.

The current minimum wage in Massachusetts is $15.00 per hour. This is higher than the federal minimum wage of $7.25 per hour. The Massachusetts minimum wage for tipped employees is $6.75 per hour.

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. 4.