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Location: Osterville, Mass.
The Skinny: One town over from the Kennedy Compound in Hyannis Port, this 26-acre property in Osterville, Mass. represents one of the largest waterfront parcels to go on the market in Cape Cod in years. Listed for almost $29M, the property includes an eight-bedroom main house, a beach shack, artist's studio, greenhouses and a tennis court, along with exquisite formal gardens. Shielded from the brunt of Nantucket Sound by a barrier island, the acreage is sub-dividable, meaning a purchaser could sell off most of the land and still be left with a jaw-dropping, seven-acre waterfront estate. Then again, spoiling the 1,000 feet of continuous waterfront would be quite a shame, now wouldn't it? Update: This compound is currently owned by none other than Bunny Mellon, the world's coolest patrician philanthropist.
· 17 Indian Trail [Jack Cotton]