“Truly a remarkable offering,” a recent Martha’s Vineyard real estate listing begins.
Talk about an understatement.
Gerald DeBlois, who created the non-profit organization Vineyard Youth Tennis, is offering a mostly undeveloped 266-acre property on the island for $92 million — more than twice the island’s record sale, the Vineyard Gazette reported.
The listing suggests that “the opportunity awaits for the creation of a special south shore compound” in the town of West Tisbury.
A helpful mortgage calculator at the bottom of the real estate listing on the Web page suggests that the buyer would need an $18.4 million down payment and mortgage payments of $330,496 a month — at the low, low interest rate of 3.5 percent.
Thomas Wallace, the listing agent and president of Wallace & Co. Sotheby’s International Realty, has told multiple media outlets that several potential buyers have shown interest.
DeBlois, described as “quiet and private” in a 2001 article in the Vineyard Gazette, opened the tennis center in 2002 to offer instruction and court time to children.