Real Estate
On Chappaquiddick, concern is growing over what neighbors are calling a hotel-like development on Sampson’s Hill, a residential neighborhood on a high point in the center of the remote island located off the eastern end of Edgartown.
The property owner, Stephen Olsson, is advertising his luxury vacation rental homes on the Internet as places that can sleep up to 34 people in a compound that includes a clubhouse, pool, gardens, hot tub and jacuzzi.
Corey Kupersmith, the Connecticut-based developer who a decade ago waged a bitter public battle to build a golf course and a development on the largest tract of undeveloped forest in Oak Bluffs, now faces foreclosure on almost all of the property he owns in the Southern Woodlands.
Blue Heron Farm, the Chilmark estate that President Obama and his family have rented for three past summer vacations, was sold last week for $21.9 million. The gentleman’s farm will be occupied by a high-profile European couple, Lord Norman and Lady Elena Foster of Thames Bank in Great Britain.
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.
Blue Heron Farm, the Chilmark estate that President Obama and his family have rented for three past summer vacations, was sold last week for $21.9 million. The gentleman’s farm will be occupied by a high-profile European couple, Lord Norman and Lady Elena Foster of Thames Bank in Great Britain.
The Vineyard Haven home of retired 60 Minutes anchor Mike Wallace was sold early last month for $7 million.
The buyer is former Virginia governor and current commonwealth Sen. Mark Warner. Mr. Warner’s name does not appear on the real estate transaction but the trustee who handled the sale for the buyer is Nicholas D. Perrins, who worked for the Virginia Democrat in the private sector before he was elected governor.