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Reading: Cape Cod property sells for report $22.75M
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Real Estate

Cape Cod property sells for report $22.75M

Editorial Board
Editorial Board Published July 4, 2024
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The property bested the realm’s earlier dwelling gross sales report of $20 million, which was set in 2020. It options 280 ft of oceanfront overlooking the Nantucket Sound.

July is Luxurious Month at Inman. Tune in as we survey the evolving luxurious market, discover rising tendencies, and speak to high producers and influencers within the ultra-luxury house about how they bought the place they’re as we speak and the insights they’ve gained alongside the way in which. The month culminates with the announcement of the expanded Golden I Awards stay onstage at Luxurious Join (July 29-30) in Las Vegas.

The very best-priced property ever to be offered in Cape Cod has traded fingers for $22.75 million, The Boston Globe reported on Thursday.

The seven-bedroom seaside property sits on 3.66 acres and options 280 ft of oceanfront overlooking the Nantucket Sound.

Beforehand, a 9.6-acre property on Penzance Level held the report, which offered for $20 million in 2020.

The client of the property at 835 Sea View Avenue in Osterville, Massachusetts, is James Langway, who operates a number of Toyota dealerships in Vermont and Rhode Island, Boston.com reported.

The final time the house traded fingers was in 2011 for $4.5 million when medical product, aerospace manufacturing and oilfield providers entrepreneur Amin Khoury purchased the house.

Itemizing agent Paul Grover of Berkshire Hathaway HomeServices Robert Paul Properties informed Boston.com that the property is positioned in a “quintessential” Cape Cod neighborhood.

“Sea View Avenue is probably one of the most beautiful streets on the Cape and certainly is in Osterville,” Grover mentioned. “It’s really quintessential Cape houses with fences and roses and some large estates overlooking the ocean.”

The house boasts giant home windows all through and “virtually every room has ocean views and direct access to the outdoors,” in accordance with the itemizing description.

Notable options embody an hooked up guesthouse, a swimming pool, summer season kitchen, 5,000-bottle wine cellar, golf simulator, gymnasium, therapeutic massage room, seven storage areas and a separate workers home.

The first suite additionally contains twin loos, twin walk-in closets and a examine. The house’s completed decrease stage, which homes the golf simulator and wine cellar, additionally features a state-of-the-art media wall, bar and therapeutic massage room.

John J. Hopkins of Frank A Sullivan Actual Property represented the customer.

Grover mentioned Cape Cod’s luxurious market has seen about one sale per yr above $15 million within the final 5 years.

“It’s been pretty consistent,” he informed Boston.com. “I think it will continue that way. We will probably continue to see sales at this price point or higher.”

Get Inman’s Luxurious Lens E-newsletter delivered proper to your inbox. A weekly deep dive into the largest information on the earth of high-end actual property delivered each Friday. Click on right here to subscribe.

E mail Lillian Dickerson

TAGGED:22.75MCapeCodestateRecordsells
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