Real Estate
Situated on a sandy barrier beach between Vineyard Sound and Lake Tashmoo, this historic cottage offers a true — and truly rare — beachfront living experience. The Herring Creek Cottage was built in 1920 and embodies an economical coastal Vineyard style. But the real value of this cottage lies beyond the walls.
A large tract of rare and secluded oceanfront land owned by the Kennedy family in Aquinnah has been placed on the market for sale.
Two undeveloped lots totaling 93 acres from the 377-acre Red Gate Farm were listed for sale this week. One lot is about 53.5 acres, fronting the Atlantic Ocean, with an asking price of $25 million. The second lot is 39.5 acres with more than 1,000 feet of frontage on Squibnocket Pond, deeded beach access off Moshup Trail and an asking price of $20 million.
The Martha’s Vineyard Hospital announced this week that it will buy the Thorncroft Inn in Vineyard Haven to house traveling medical professionals, including doctors and nurses.
“The hospital spends more than $800,000 per year in costs related to housing medical professionals who travel to the Island to provide necessary patient services at the hospital. Most of the costs for housing occur during the s
ummer months,” the hospital said in a brief announcement about the purchase.
The purchase price is $2.35 million, including land, buildings and furniture.
The Martha’s Vineyard Land Bank reported revenues of $136,193 for the business week ending on Friday, April 26, 2013. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.
A small cottage perilously close to the edge at Stonewall Beach in Chilmark has been demolished to prevent it from falling over the cliff, town building inspector Leonard Jason Jr. said Tuesday.
The demolition of the structure, which contains a bedroom, began Monday, Mr. Jason said. By Tuesday afternoon the demolition on Greenhouse Lane was complete. The debris was trucked off to the Edgartown landfill.
Following nearly a year and a half of wide-ranging and sometimes emotional debate about the impact of large houses on the rural character of Chilmark, voters overwhelmingly approved a new bylaw to limit house size at their annual town meeting this week.