The Real Deal New York

Martha’s Vineyard $118M listing is area’s priciest on record

July 12, 2013 01:30PM

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

  • JustJoannie

    Geez 118 million?! I wish I had that just lying around! The Martha’s Vineyard Vacation Rental my family stayed in last year was just down the road from there. Whoever ends up buying that land is in for a real treat!