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One million-dollar Nantucket house is being supplied without spending a dime, however the brand new proprietor have to be ready to maneuver it off the property inside 180 days.
The 1,736-square-foot colonial at 140 Surfside Street on Nantucket, an upscale island off Cape Cod, Massachusetts, is offered by means of the island’s Demolition Delay Bylaw program.
The initiative encourages householders to relocate older homes moderately than ship them to the landfill, in line with Realtor.com.
The three-bedroom, two-bath residence sits on simply over an acre and final offered for $3 million in December 2025 by means of an LLC linked to Dean Lampe, who has purchased and offered a number of properties on the island, the outlet reported.
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Boats line the waterfront in Nantucket, Mass. (iStock)
It’s not completely clear why the home is being eliminated, however native actual property agent Shelly Lockwood famous that on Nantucket, the land can usually be extra priceless than the house itself.
“As a result of the worth of the land is so excessive — as a result of there’s none left on the island, actually — folks will purchase a home they do not need simply to get the land,” Lockwood, of Pepper Frazier Actual Property, stated.
Not like some Nantucket houses threatened by erosion, this property is situated far sufficient away from shore and isn’t in peril of falling into the ocean, in line with Realtor.com.
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Brant Level Lighthouse is seen alongside Nantucket Harbor. (iStock / iStock)
Anybody inquisitive about claiming the house should submit a letter of intent to each the city’s constructing commissioner and the proprietor.
Whoever claims it then has 180 days to maneuver the home and have to be ready to cowl the price of shifting it — which may vary wherever from roughly $150,000 to $500,000, Realtor.com reported.
With Nantucket’s median residence worth round $4.4 million and vacant land beginning close to $1.65 million, relocating a free home can nonetheless be an excellent deal, in line with Lockwood.
“After they come up, they’re highly regarded commodities,” Lockwood stated. “Who would not desire a home for $150,000 or so shifting prices? You seize them when you can; it is a hell of a price.”
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Dune grass alongside Surfside Seashore on Nantucket. (iStock / iStock)
She added that consumers priced out of the island’s high-end market usually buy land and anticipate a chance like this.
“They know one will come up,” she stated.
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Final yr, former New England Patriots coach turned College of North Carolina head soccer coach Invoice Belichick noticed his $4 million Nantucket seashore cottage promote inside days of hitting the market.
FOX Enterprise’ Daniella Genovese contributed to this report.
