Most Expensive Martha’s Vineyard property for sale at $92 Million

Andrea Divirgilio / August 1, 2012

Martha’s Vineyard, the 58th largest island in the United States is known for being an exclusive and affluent summer colony that develops a fever in the hearts of its visitors from which they never recover, and they keep on spending vacations on this island; all seasons, rain or shine, year after year. This is the reason; Martha’s Vineyard has not only been host to world-wide elites, but also to the current President of the U.S. Barack Obama and his family for not just once, but thrice. Now, all the elites, avid-vacationers, and uber-rich owners of private vineyards stand a lifetime chance to own 266-acre compound of gorgeous Martha’s Vineyard, which has recently been listed for staggering $92 million; the highest price ever asked on Martha’s Vineyard, making it the new most expensive listing north of the New York City. Earlier last year, two of the sought-after properties of Martha’s Vineyard went on sale, which includes the historic Edgartown estate built in 1924 for $7.5 million and the President Obama’s Martha’s Vineyard vacation rental.

Most Expensive Martha's Vineyard property for sale at $92 Million

Big Homer’s Pond

As per the Thomas Wallace, President of Wallace & Co. Sotheby’s International Realty, this sprawling 266-acre compound of Martha’s Vineyard is the largest ever property that has changed hands in a single transaction on the island. Located in West Tisbury, this south-shore compound actually comprises of five separate parcels of waterfront land that also includes Big Homer’s Pond.

Martha's Vineyard Beachfront

There’s whopping 1,100 feet of private beachfront on the world’s second largest Atlantic Ocean and it also comes with exclusive rights for building and construction on the pond. Also, the compound stands adjacent to the 500-acre Long point Wildlife Reservation.

Most Expensive Martha's Vineyard property for sale at $92 Million

However, the seller of this property has been identified as Gerald DeBlois, a longtime resident of West Tisbury. The property is being offered to ultra-rich users rather than real-estate developers, and unsurprisingly the listing agent Wallace & Co. is reportedly marketing it to deep-pocketed American and foreign buyers, particularly Chinese billionaires.

Most Expensive Martha's Vineyard property for sale at $92 Million

Speaking more about the Martha’s Vineyard; it has long been a famous summer destination for American political royalty and ultra-elites. Reportedly, the prestigious Kennedy family have rented and owned on this spectacular island for decades.

Most Expensive Martha's Vineyard property for sale at $92 Million

Via: Forbes

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