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Will Chop #3 Get The Job Done For This Nantucket Compound?

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When this oceanfront Nantucket compound first hit the market in July 2010 the owner was asking $5,900,000. More than two years and three pricechops later, the asking price is down to $3,995,000.

The compound includes a main house and one bedroom guest cottage in a total of 6,387 sq. ft. According to the brokerbabble, "Both dwellings offer high ceilings, very gracious rooms and living areas, covered porches and separate recreational spaces." The five bedroom main house features a first floor master bedroom suite, two stairways to the second floor and a family room with fireplace. The 2.93 acre site includes a private path to the Atlantic Ocean and grounds that "are a nature lovers delight" with a "busy birdbath."

· Listing: 46 Madequecham Valley Road, Nantucket [J Pepper Frazier Company via Zillow]