We wrote about this Orange Street listing back in October when the renovated Federal took its first meeting with the pricechopper. That slice removed $550K from the $5M initial ask, leaving the listing at $4.45M. Five months later, it seems the pricechopper has returned to hack another $700K from the price tag. The harbor views, gourmet kitchen and "spectacular master suite" can now be had for $3.75M. It looks as though the circa 1798 property last changed hands in January 2006 for $4.38M. Ouch.
· Listing: 16 Orange Street, Nantucket [Zillow]
· Nantucket Federal Gets Chop #1, Now Asking Under $5M [Curbed Cape Cod]