Business · India Bureau
Massachusetts waterfront estate sets new US property price record at $42.5m
A historic oceanfront property in Nantucket Harbour has sold for $42.5 million, establishing a new benchmark for residential real estate in the United States. The landmark transaction also directed $850,000 toward regional land conservation efforts.
LSN India ·
The Blue Waters estate at 57 Hulbert Avenue changed hands on November 5, 2026, surpassing the previous record for highest-priced residential property sale in the region. The waterfront residence had remained under the ownership of the Fife family for more than five decades before the transaction.
The property commands exceptional value due to its prime coastal positioning with direct beach access and distinctive architectural features that have defined its status as one of the area's most prestigious residences. The sale price reflects both the scarcity of comparable waterfront holdings and sustained demand among high-net-worth buyers seeking premium New England properties.
As part of the transaction framework, the sale generated $850,000 in proceeds directed to the Nantucket Land Bank, a conservation organization focused on preserving open space and natural habitats across the island. Such allocations have become increasingly common in high-value property transactions throughout the region, supporting environmental protection initiatives.
The completion of the sale underscores the continued strength of luxury real estate markets in historic New England coastal communities, where waterfront properties with established provenance command sustained premium valuations.