A 314-acre property in Martha’s Vineyard has come on the market for $118 million, marking a record pricy listing for the New England vacation hotspot and one of the most expensive listings in the country, the Wall Street Journal reported.
The West Tilsbury, Mass., property, owned by Gerry DeBlois and a family trust, features 1,200 feet of oceanfront beach, two freshwater ponds, a four-bedroom, 5,600-square-foot main house, a gym and a 12,000-bottle wine cellar.
The home also opens up to a saltwater swimming pool, and features a 700-square-foot one-bedroom guesthouse on site.
Some of the property is undevelopable under a conservation easement, and is also available for purchase in smaller parcels. Among them is a 100-acre parcel that is available for $31 million.
Not too far away in Greenwich, Conn., a waterfront estate called Copper Beach Farm hit the market in May for $190 million with David Ogilvy & Associates. [WSJ] –Julie Strickland