Summer is here and construction for 4 Somerset Lane is currently underway with a targeted completion date of November, 2024. Somerset is an exclusive five-home luxury enclave perfectly located between Edgartown Village and South Beach -- and developed by Stanmar, owners of the Winnetu Oceanside Resort.
Real Estate
On the Market
Recent Home Sales
Huntington Way LLC purchased 28 Huntington Way in Chilmark from Andrew Readinger and Joanne Murray for $5,000,000 on Jan. 16.
Sea Shed LLC purchased 111 Peases Point Way North in Edgartown from Facingwestventures LLC for $5,150,000 on Jan. 10.
XLV Curtis LLC purchased 45 Curtis Lane in Edgartown from 45 Curtis Lane LLC for $1,585,000 on Jan. 3.
John D. Plante and Laura M. Spencer purchased 33 Renear street in Vineyard Haven from Jacqueline Rose Foster for $964,000 on Dec. 28, 2023.
Real Estate News
The Offshore Ale Company is changing hands, with a sale of the popular eatery and its Kennebec avenue building expected to close next month for an undisclosed price. Longtime owners Colleen and Phil McAndrews are selling to Bill and Susan Honeycutt of Medford and Edgartown.
Major redevelopment plans are on the drawing board for the former Edu-Comp building at the head of Main street Vineyard Haven, with a prospective buyer seeking approval to gut and renovate the existing brick building.
Home demolitions — in particular historic home demolitions — have flooded local review authorities in recent months, testing historic commissions, architects and homeowners.