Cameron Sperance – Reporter for Boston.com
April 27, 2022 at 8:05 pm
The Boston Red Sox owner took a look at real estate this month on the beaches of the Little Gray Lady of the Sea.
John Henry, owner of Red Sox and Boston Globe It closed Friday on a Nantucket waterfront property for $25 million, according to a bond registered in Nantucket County. The LLC listed as new owner at 4 Middle Valley Road, in the Shimmo neighborhood of Nantucket, is registered with Henry in Boca Raton, Fla.
He is expected to close a deal for a neighboring property at 48 Shimmo Pond Road, according to Nantucket Current, which first reported the news of the sale. Property records so far show Henry only closed on one property, but a listing paper obtained by Boston.com shows that both properties were marketed together for $42.5 million.
The two properties together have 10 bedrooms and 15 bathrooms on an area of 18,100 square feet. Designed by Jacobsen Architecture and formerly owned by businessman Donald Burns, the 4.5-acre complex is located about 3 miles’ drive from downtown Nantucket and features a tennis court, pool, and two spas.
Jacobsen’s team believed the property contained 12 small buildings that “have the look and feel of classic Nantucket cottages but generally offer a great deal of square footage,” according to a 2017 filing for the project in Architectural Digest.
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Michael Lorber, the New York-based broker with Douglas Elliman, is believed to have represented the buyer and seller in the transaction. He declined to comment when contacted by Boston.com.
“The Market is Alive and Well,” said longtime summer resident Bruce Bersilai, publisher of The Market’s Alive and Well magazine. Nantucket Magazine, and founder of Boston-based real estate developer Mount Vernon “There are more and more people of John Henry’s stature coming to Nantucket, and we’re seeing an influx of buyers at the very high end of the market.”
The Nantucket real estate market is a hot market, with nearly 40 percent of transactions occurring off-market or before they officially hit the market.
“It makes an experienced local broker with deep connections much more important in helping clients locate and close a new home,” said Allison Cameron Barry, an agent of Douglas Elleman who has no affiliation with the Henry sale.
Even if Nantucket is a hot market, locals assure it’s still a nice place to live once buyers close the deal.
“This is a very hospitable island, and I am sure the Henrys family will be welcomed with open arms,” said Perselay.
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