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Edgartown Schoolhouse-Turned-Five-Bedroom Asks $2.6M

Hot on the heels of yesterday's announcement that none of us won HGTV's Martha's Vineyard Dream Home, here's a new Edgartown listing designed by Patrick Ahearn, the same architect responsible for the sweepstakes spread (as well as many other island homes, including this over-the-top $50K per week summer rental). This schoolhouse-turned-five-bedroom, known as Thaxter House, was built by Hob Knob Construction and features five bathrooms, seven fireplaces, a 26-foot ceiling in the great room, and a separate entrance studio apartment. The 2,500-square-footer sits on .23 acres in Edgartown Village and "enjoys a strong rental history" with summer rates as high as $12,500 per week. A previous listing offered the broker-owned property as-is for $3,300,000 or turnkey with a "2-car garage with 1 bedroom above and plunge pool to be completed by Hob Knob Construction upon closing" for $4,195,000. As of today, the asking price is $2,595,000.

· Listing: 77 Cooke Street, Edgartown [Hob Knob Realty via MV Buyer's Agents]
· This Stunning Martha's Vineyard Summer Rental Will Cost You $50K a Week [Curbed Cape Cod]
· Thaxter House [Wallace & Co. Sotheby's International Realty]
· Revealed: The HGTV Martha's Vineyard Dream Home Winner [Curbed Cape Cod]