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One million-dollar Nantucket house is being provided without spending a dime, however the brand new proprietor should 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 out there via the island’s Demolition Delay Bylaw program.
The initiative encourages householders to relocate older homes reasonably than ship them to the landfill, in line with Realtor.com.
The three-bedroom, two-bath dwelling sits on simply over an acre and final bought for $3 million in December 2025 via an LLC linked to Dean Lampe, who has purchased and bought 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 solely clear why the home is being eliminated, however native actual property agent Shelly Lockwood famous that on Nantucket, the land can typically be extra useful 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 — individuals will purchase a home they do not need simply to get the land,” Lockwood, of Pepper Frazier Actual Property, mentioned.
Not like some Nantucket houses threatened by erosion, this property is positioned far sufficient away from shore and isn’t at risk 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 fascinated 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 should be ready to cowl the price of transferring it — which might vary wherever from roughly $150,000 to $500,000, Realtor.com reported.
With Nantucket’s median dwelling worth round $4.4 million and vacant land beginning close to $1.65 million, relocating a free home can nonetheless be a very good deal, in line with Lockwood.
“After they come up, they’re extremely popular commodities,” Lockwood mentioned. “Who would not desire a home for $150,000 or so transferring prices? You seize them in case 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 patrons priced out of the island’s high-end market typically buy land and watch for a possibility like this.
“They know one will come up,” she mentioned.
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Final 12 months, former New England Patriots coach turned College of North Carolina head soccer coach Invoice Belichick noticed his $4 million Nantucket seaside cottage promote inside days of hitting the market.
FOX Enterprise’ Daniella Genovese contributed to this report.
