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$3,375,000 In Edgartown: Water Views And Walk To Town

Where: 40 Gaines Way, Edgartown
Sale Price: $3,375,000
Sale Date: May 10, 2012
Bedrooms/Baths/Sq. Ft.: 5/5/3000
Acreage: .46
The Skinny: Days might be numbered for the 1955 house on this Edgartown property. The intown site overlooks conservation land out to Nantucket Sound and the lot is permitted for a "more dramatic" six bedroom home with views "reminiscent of a Ray Ellis painting!" Located on a dead end street within walking distance to town and Fuller Street beach, the listing spent just under a year on the market. First listed in June 2011 for $4,450,000, two pricechops lured in a buyer and the property sold for $3,375,000.

· Listing: 40 Gaines Way, Edgartown [Zillow]
· Artist Ray Ellis at 90 [Martha's Vineyard Times]