8 North Water Street Nantucket, MA 02554

Town

Overview
Property Details
Location

Contact Agent

$3,250,000

Asking Price

Off-market

Market Status

Bedrooms

Bathrooms

4,185

Square Footage

Prime Core District property and location with exceptional income opportunities, flexibility and significant additional ground cover for expansion. This beautifully maintained, elegant, Greek Revival property includes 10 condominiums (studios to 2 bedrooms) with individual, exterior private entrances and separate electric meters. A one-of-a-kind building in a superb location (2 blocks from the Harbor and Main Street) the structure boasts wrap-a-round second floor decks and a covered porch. The property has multi-car off-street parking, approximately 2500 sq. ft of additional groundcover available and a manicured hidden garden. All condominium documents are in place. Seasonally operated by one owner as luxury pied-a-terre rental accommodations for guests as well as for personal use, the Nantucket Whaler has been featured prominently, for over a decade, in a variety of travel magazines and guidebooks (Departures Magazine for elite Am Ex customers and Andrew Harper’s Hideaway Report) and cutting edge websites such as Indagare.com. Previous owners have operated the ten condominiums as a year-round rental business for decades. This is a must-see property with excellent income producing options, substantial growth potential, and flexibility of use (CDT zoning) combined with exclusively fabulous living space.

First Floor

There are 6 suites on the first floor. Off the North Water Street, the Main entrance has a hand painted foyer with many historic details. From this entry foyer Unit One, a studio, is accessed. The entrance for Unit Two, a 3 room, 2 bedroom/2 bath unit, is off North Water Street to the left of the main entrance. Unit Two has its own garden and covered porch. Unit Five, a studio is accessed off Ash Lane and has a private fenced garden and patio. Unit Three, a studio, has a patio facing the garden. Units Four and Six, each 2 room/1 bedroom suites, are accessed off the garden area. These Units have patios facing the garden. Each Unit is completely furnished, have deluxe wetbars (except Unit Five), and has up to date electronics and internet access.

Second Floor

Unit Seven, a studio, has a deck and a partial harbor view. Unit Eight is a 3 room/2 bedroom suite, and Unit Nine is a 2 room/1 bedroom suite. All the Suites are all accessed by separate entrances from a 2nd floor deck off the garden. Units Seven,Eight, and Nine have interior access as well. Units Eight and Nine have decks overlooking the gardens. Each Unit is completely furnished, have deluxe wetbars, and has up to date electronics and internet access.

Third Floor

Unit Ten , the Penthouse, is a 3 room/2 bedroom suite, has harbor views. This Unit has both interior and exterior access. This Unit is completely furnished, has a deluxe wetbar, and has up to date electronics and internet access.