$59 Million New England’s Most Expensive Home For Sale is no longer valid. The former most expensive home in the history of New England’s luxury estates is now again available but at a reduced price of $47.5 million. So, $11.5 million in savings, you’ll agree isn’t negligible, and you’ll still get the 69 acre luxury home on the Massachusetts island of Nantucket.
Undoubtedly one of the most coveted private estates on Nantucket Island, the property sits on the Polpis Harbour and boasts more acreage than almost any other home on the island, which is actually the main reason for its high price.
Swains Neck Compound has a main house, a two-bedroom guest cottage, a boathouse, and an octagonal office building. The main house has four en-suite bedrooms, a master bedroom with fireplace and private deck, an atrium-like living room, a parlor with wet bar and fireplace and a media room. The kitchen with its granite counter tops, a huge oven and a two panelled refrigerator will give all of its buyers an overwhelming experience.
This lavish property also boasts of a private beach and two boat moorings. The only drawback of this otherwise ideal estate is there is no swimming pool. Fortunately, due to the property’s expansive size, the smallest problem for the new owner will be to make some extra pool. After all, for the beginning, the private beach is good enough for all water adventures.
This compound is now being sold by Russel Dale Phelon’s estate, the late owner and president of R.E. Phelon Co.,which makes engine electronics, who bought it in 1997 for $7.15 million. [Great Point Properties]