Nantucket
A Nantucket beach house once estimated to be worth $1.9 million was sold for just $200,000 after parts of the property got swallowed by the sea, the Nantucket Current reported.According to the local outlet, Jane Carlin and her husband, Ben Gifford, bought the beach house in 1988 on the western…
Billionaire investor Barry Sternlicht’s Nantucket beach house has been demolished due to erosion.Strict zoning rules and unstable land make it unlikely that Sternlicht will be allowed to rebuild.The ongoing erosion is causing property values to fall on parts of the exclusive island. Billionaire investor Barry Sternlicht’s Nantucket beach house is…
