With the real estate market looking back at some of its past glory days yet again, The New England area in the US is sure going on upbeat with its premium real estate listings. The area is known to be a hotbed of many high end projects, most recently the Wynn Foxborough Resort, and has even been known for classical estates like the Wexford Hall estate, an English architecture inspired property. Now, a 69-acre retreat estate is on the market for an estimated price tag of $59 million, which if realized will make it the most expensive property in America’s richest county. Dubbed as the ‘Swain’s Neck’ on Nantucket Island, the location of this estate is on a private peninsula which also has vast open private spaces for the compound. The mansion has luxury amenities which would please just about every home buyer out there.
Price: $59 million
Location and settings:
Having an estate with vast open spaces of nature under private ownership is one thing, but owning a private peninsula is another. The Swain’s neck compound is precisely what it is about, with its 3 sides open to the ocean, making it one of the most unique on the Nantucket Island. Other than that, there are 64-acres of total private space which includes generous greenery apart from a 4-bedroom classic owner’s mansion, the 2-bedroom guest villa, and also the generously pathways leading up to the buildings. With the vast oceanic views which are calm and pleasantly breezy most times of the year, the aura of relaxation and complete tranquility is ever so strongly felt on the property.
There are 4 different kinds of accommodations on this estate; the 2-bedroom guest, 4-bedroom owner’s house, octagonal office building, and also a boathouse. Though the construction initially was rather different, the Phelon family who still own it tore it down, and built anew this luxurious setup.
The owner’s house has 4-bedrooms en-suite with luxurious bathrooms, a media room, atrium like living room a parlor with wet bar and a fireplace, gourmet kitchen with double paneled refrigerator and granite stone countertops. When it comes to snacking within a private setting and demonstrating one’s cooking skills, the kitchen provides an ideal setting for a chef to work his/her magic, and serve the guests at the bar-like counter with wooden chairs.
The Master suite, which is placed on the 1st floor of the house, sits with its own private deck area, and a stone fireplace area, which remains a very classic choice amongst premium property owners. Even the attached bathroom speaks of grandeur with the limestone and granite fabrication, especially around the bath-tub.
Activities possible on the estate:
With the vast stretches of grounds surrounding the main house, there is ample space for horse riding and other equestrian based sporting activities. There lies a wooden barn, which can help being the accommodation for one’s stable of pet horses.
With the peninsula all of the small peninsula to the property, there are opportunities for water based activities like speed boating, snorkeling and fishing. The grounds are also ideal for games like tennis or volleyball as well.
Facts and Figures:
· The estate was bought in 1997 by Russell Dale Phelon for $7.15 million, and now it is now listed for $59 million, giving it a rise of 725% in 15 years of ownership. The family had also invested in rebuilding the whole 69- acre estate according to their preferences, hence it remains new relatively.
· During its purchase and now its sale after a decade and a half, the Swain’s Neck remains the most expensive property in New England.
· Currently, the property is owned by R.E. Phelon & Co. which makes engine electronics, and would be selling it through Sotheby’s International Realty.