27 Macy Lane Nantucket, MA 02554

27 Macy Lane Nantucket is a prime investment opportunity offering immediate use, rental income, and exceptional expansion potential in a desirable residential setting. Situated on a spacious 10,785 sq ft double lot in the R-5 zoning district, this property presents a rare chance to significantly increase value in the Nantucket real estate market. Currently, 27 Macy Lane Nantucket features approximately 1,400 square feet of living space with two bedrooms, two full bathrooms, and a full unfinished basement. The first floor includes a galley-style kitchen that opens to a bright living and dining area with exposed wood-beamed ceilings, along with one bedroom and a full bath. Sliding doors lead to a rear deck and yard, offering outdoor living space. The second floor of 27 Macy Lane Nantucket includes a bedroom with a cathedral wood-beamed ceiling, a full bath, and an additional room with access to a loft—providing flexible space for guests, office use, or storage. A key highlight of 27 Macy Lane Nantucket is its recent connection to town water and sewer, removing previous septic limitations and unlocking substantial development potential. The lot can now support two dwellings with an allowable footprint of approximately 4,000+ square feet, making it an ideal property for expansion, redevelopment, or creating a compound. With a full basement, ample lot size, and strong upside, 27 Macy Lane Nantucket is well-suited for investors, builders, or buyers looking to customize their Nantucket home. The property is being sold as-is and currently has a tenant at will in place, offering immediate rental income while future plans are developed.