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$27M Sale is the Second Most Expensive on Nantucket Ever

Meet the priciest pad to sell on Nantucket in 2014. While the estate of the late Richard Mellon Scaife, billionaire heir to the Mellon fortune/philanthropist/owner and publisher of the Pittsburgh Tribune and Review, was not on the open market, 9 Kimball Avenue recently sold for an incredible $27,160,000.

Per Jennifer Shalley, Windwalker Real Estate's Research Director, "This transaction marks the highest sale of 2014 and the second highest residential transaction in Nantucket's history, a title still held by the $27.5 million sale of 11 & 15 Cathcart Road in 2010." However, the Inquirer and Mirror refers to the sale as "the single-largest residential real-estate transaction in island history..." Either way, the 1.57 acre waterfront compound on the island's north shore features a 6,226-square-foot house with 5BR, 6.5BA and a record-setting price tag. So there's that.
· Nantucket Weekly Market Report: Kimball Avenue Sale Sets New Record [Windwalker Real Estate]
· Mellon's 100-acre Nantucket property sells for $21.5 million [Inquirer and Mirror]