Nantucket waterfront estate sells for record $42.5 million
The sale of the Blue Waters property at 57 Hulbert Avenue generated $850,000 for a local land bank through transfer fees.
A historic waterfront estate overlooking Nantucket Harbour was sold for $42.5 million on November 5, 2026, setting a new residential property record for the island, according to The Times of India.
The property, known as Blue Waters, was located at 57 Hulbert Avenue in the Brant Point neighbourhood. The sale surpasses the previous island record of $42 million set in 2023 by Barstool Sports founder Dave Portnoy.
The estate was sold by Andrew Fife, Howard Fife, Richard Fife, and a Fife family trust. The Fife family had owned the property since 1972, ending 54 years of ownership. Deed records cited by ACK News indicate the buyer was Stella Blue Waters LLC.
Built in 1937 and designed by architect William Edward Shepherd, the 0.62-acre estate includes a 6,393-square-foot residence with eight bedrooms, a two-car garage, and a private red clay tennis court. The transaction also included a 3,093-square-foot parcel on James Street.
The sale generated $850,000 for the Nantucket Islands Land Bank via a 2 per cent real estate transfer fee. The Land Bank uses such revenue to acquire open spaces and preserve natural resources on the island.
The property's assessed value for fiscal year 2026 was approximately $21.9 million, which was lower than the final sale price.