For anyone that’s ever wondered what $25 million can buy in real estate in Massachusetts, look no further than Swain’s Neck on Nantucket, which just earned itself the distinction as the highest-priced, single-family home sale of the year so far.
The sale of the mansion, with its over 63 acres of land, including a lawn and forests, closed on Nov. 22 $4.5 million below its original $29.5 million asking price.
The sale easily slid into the highest-priced-sale slot. Until Swain’s Neck sold, the highest-priced single family home this year was 1075 Lowell Road in Concord. That home sold for $19,207,500 with an asking price of $28.5 million, according to a Coldwell Banker Residential Brokerage.
“Swain’s Neck is the crown jewel of New England waterfront estates,” Jonathan Radford, the real estate agent who sold the property, said in a prepared statement.
For those who imagine life by the water, Swain’s Neck offers multiple views of Polpis Harbor and the ocean.
The home’s architecture honors Nantucket’s diverse history, including colonial, Quaker, whaling and farming components — porthole-like windows, gables and dormers, wooden shingles and “farmer’s porches,” according to the news release.
Along with five bedroom suites and a common room that rises two stories in the main home, the estate also comes with a gatehouse with an apartment for a caretaker plus a “guest cottage,” Coldwell Banker said.
For those wishing to take to the sea, there’s a couple of moorings and an accompanying boathouse, the company said.
The asking price has risen and dropped over the years.
A price tag of $59 million accompanied its May 2012 listing with subsequent price drops for a couple of years. Since then, it’s been listed at $29 million in June 2016, then 35 million on June 1, 2017.
The sellers decided to part with the home because they weren’t staying there as much as they used to, according to Radford.
“The buyers are a young family from Massachusetts who see this property as a multi-generation property that they will enjoy for years to come,” he said in a statement.