Sox owner John Henry buys Nantucket estate for $25 million
“This is a very hospitable island, and I’m sure the Henrys will be welcome with open arms," Continue reading at RealEstate.Boston.com.
The owner of the Boston Red Sox made a real estate splash this month on the shores of the Little Gray Lady of the Sea.
John Henry, owner of the Red Sox and The Boston Globe, closed Friday on a waterfront Nantucket estate for $25 million, according to a deed recorded in Nantucket County. The limited liability company listed as the new owner of a property in Nantucket’s Shimmo neighborhood is registered to Henry in Boca Raton, Fla.
He is expected to close on a deal for an adjoining property, according to the Nantucket Current, which first reported the news of the sale. Property records so far show Henry having closed on only the one property, but a listing sheet obtained by Boston.com shows both properties were once marketed together for $42.5 million.
Combined, the two properties have 10 bedrooms and 15 bathrooms across 18,100 square feet. Designed by Jacobsen Architecture and formerly owned by entrepreneur Donald Burns, the 4.5-acre compound is a roughly a few miles from downtown Nantucket and includes a tennis court, swimming pool, and two spas.
The Jacobsen team thought up the property as having 12 small structures that “have the look and feel of classic Nantucket cottages but provide, overall, a generous amount of square footage,” according to a 2017 profile of the project in Architectural Digest.
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Michael Passaro, a Douglas Elliman broker who splits his time between New York City and Nantucket and is the firm’s leading agent on the island, represented the buyer and the seller. Michael Lorber, a New York-based broker with Douglas Elliman, served as an adviser. Both declined to comment when contacted by Boston.com.
“The market is alive and well,” said Bruce Percelay, a longtime summer resident, publisher of Nantucket Magazine, and founder of the Boston-based real estate development firm Mount Vernon Co. “There are more and more people of John Henry’s stature that are coming to Nantucket, and we are seeing an influx of buyers at the very high end of the market.”
The Nantucket real estate market is a hot one, with nearly 40 percent of transactions occurring off-market or before officially hitting the market.
“It makes a local expert broker with deep connections that much more important in helping customers identify and close a new home,” said Allison Cameron Parry, a Douglas Elliman agent with no affiliation on the Henry sale.”
Even if Nantucket is a hot market, locals maintain it is still an affable place to live once buyers do seal the deal.
“This is a very hospitable island, and I’m sure the Henrys will be welcome with open arms,” Percelay said.
Cameron Sperance can be reached at [email protected]. Subscribe to the Globe’s free real estate newsletter — our weekly digest on buying, selling, and design — at pages.email.bostonglobe.com/AddressSignUp. Follow us on Facebook, Instagram, and Twitter @globehomes.
Correction: Due to incorrect information provided to Boston.com and in county records, a previous version of this story listed the wrong agent who handled the sale. Michael Passaro represented both the buyer and seller.
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