Swain’s Neck: Nantucket’s Most Expensive Estate Relisted for $47.5M after a Price Slash of $11.5M
Back in May last year, we reported about the most expensive home for sale in New England, America’s richest county, that is the Swain’s Neck estate which was listed for whopping price tag of $59 million. That 75-acre luxury retreat sited on Nantucket, an island 30 miles south of Cape Cod, Massachusetts, which eventually went off the market in late autumn, has now again returned on the luxury real estate market after a price chop of almost $11.5 million. Now all of the world’s ultra-elites and avid-vacationers stand a chance to own one of the most coveted and one-of-a-kind luxury waterfront estate on Nantucket Island for just $47.5 million. However, the Swain’s Neck estate’s priciest listing tag for the vacation home had been grabbed by the Martha’s Vineyard property which went for sale in August 2012 at $92 million.
Impressively occupying a private peninsula, the sprawling Swain’s Neck compound is now being sold by the estate of Russel Dale Phelon, the late owner and president of R.E. Phelon Co., a South Carolina-based firm that manufactures ignition systems and engine electronics, who originally bought the vacation home back in 1977 for $7.15 million.
Location: 260 Polpis Road, Nantucket
The unique compound is accessed by an intriguing gatehouse through which the winding drive leads you over a wooden bridge toward the impressive sitting of the main house, with rolling lawns spilling gently down to the water’s edge of Polpis Harbor.
This spectacular home sited on an unbelievable piece of land consist of stunning 5 bedroom main house with unrivaled water views from every room, a two bedroom cottage, a private and spectacular office/studio, a boat house, and a barn that has an attached two bedroom cottage.
Further, there are two fenced-in horse pastures for the equestrian and a sport court for athletic activities, and two moorings out front allow water enthusiasts easy access to fishing or sailboating, ready to go at a moments notice.
Paddle boarding, sailing, windsurfing, water skiing, fishing and kayaking can all be accessed right off the front lawn and with this much acreage, there are countless opportunities to add a pool, cabana, basketball court, putting green, stables or a tennis court.
Besides, there lies a wooden barn, which can help being the accommodation for one’s stable of pet horses.
Notably, this property offers privacy, serenity, water views and exceptional living.