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Gorgeous Nantucket Barn Conversion Asks $5.4M

Nantucket's 5 North Liberty Street has gone from utilitarian to artsy to summer home to glam in less than one hundred years. The property, known as Barn Stages, kicked off the previous century as a barn, was then converted to a theater-in-the-round, and by the 1960s, had been converted to residential use. Now, a 2014 nip/tuck has turned the 2,529-square-footer into a different kind of show house.

The property hit the market in December 2011 for $2,750,000 and finally sold for $1,620,000 in September 2013. The buyers, Wesquo Capital Partners, enlisted Cottage & Castle for the renovation of the 5BD, 5BA. A top-to-bottom redo has left the place with all of the expected features (a gorgeous kitchen and baths, lots of fireplaces and built-ins) and quite a few unexpected amenities like a "phantom pantry" in the kitchen, a foot wash in the family entrance, and a catwalk over the great room. Here's how the brokerbabble sums up the outdoors:

The expansive rear deck, with stately pergola, exemplifies the art of fine outdoor dining and living areas at their very best; a grill with direct hook-up to main propane tank. Traverse the mahogany steps down to a built in gunite hot tub with remote control or to the granite terrace with Paloform gas fire pit. Stately, solid granite steps lead down to the lawn area, with integrated outdoor shower, lovely shrubbery, and perennial gardens. Oh, and no need to worry about the hum from the tub, "Thoughtfully placed indoor spa equipment, behind the laundry, assures peace and enjoyment while on the outdoor deck." Nice, right? Anyway, the .36 acre spread overlooking Lily Pond Conservation land is now back on the market for a flipper-friendly $5,395,000.
· Listing: 5 North Liberty Street, Nantucket [Great Point Properties]