Jane Seagrave

Chip Chop Estate Sells for $23.9 Million

Chip Chop, the 20-acre waterfront estate at the entrance to Lake Tashmoo owned for decades by television journalist Diane Sawyer, was sold today. The buyer was not disclosed, but it is believed to be real estate investor David Malm, who is listed as manager of an LLC associated with the sale.

 

 

 

In the late 1980s, with real estate prices on the rise and new building starts at an all-time high on Martha’s Vineyard, the Gazette commissioned a poll of seasonal and permanent residents to gauge public sentiment around development. The results revealed a deep and widely-held concern about the fast pace of growth and its implications for the Island environment and quality of life, a concern that cut across every demographic category, part-time and full-time residents alike.

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On the morning of May 22, Charlotte Holloman packed up a few items, helped her 91-year-old mother into the car and drove away from their home at the edge of Lagoon Pond for what could be the last time.

Barring a last minute reprieve by the Massachusetts Department of Transportation, the house will soon be demolished to make way for the new Lagoon bridge.

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Edgartown voters made short work of the town’s business Tuesday night, easily approving every spending article on the warrant, passing a bylaw that requires buildings in the historic district to be kept up and voting to take ownership of the Edgartown lighthouse — all in under two hours. With just a handful of questions and little dissent, the 200 voters who filled the Old Whaling Church approved an annual budget of $29.9 million, a six per cent increase over last year.
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