Real Estate

 

 

 
The proximity to South Beach alone makes this Katama home highly desirable. If that isn't enough, several multi-level decks offer views of the Atlantic and plenty of opportunities for outdoor entertaining.
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Edgartown selectmen Monday rejected a bid to buy the Warren House, a rundown town-owned former captain’s house on North Water street.

After a discussion in executive session with town counsel Ronald H. Rappaport, the selectmen said the bid by a group including Edgartown businesswoman Maggie White was too low. The board voted to put the house advertisement back in the central registry with a minimum bid of $2.3 million.

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The Martha’s Vineyard Land Bank reported revenues of $222,437 for the business week ending on Friday, June 7, 2013. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.

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The Warren House, the rundown North Water street house owned by the town of Edgartown, finally has a bidder.

A group including Maggie White, the owner of Hob Knob Inn as well as construction and realty companies, submitted a two-option bid to restore the home into a single family residence early this week.

One bid would pay the town $1 million plus 40 per cent of the profits made from selling the house. A second offer would pay the town $1.25 million in cash.

The selectmen opted to take the bid under advisement and discuss it further at their June 17 meeting.

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This classic Cape-style home off of Old County Road in West Tisbury offers 3,600 square feet of living space, making it an ideal location for a large family. The home sits on two private acres with proximity to local recreation sites, including the state forest bike and walking trails, Seth's Pond and Lambert's Cove Beach.
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