Monomoy is located just over a mile from Town and is a beautiful residential area with large lots. Many properties on the north side of Monomoy Road have great views of town and the boating activity in Nantucket Harbor. Monomoy feels rural, due to the larger lot zoning, yet is only minutes from shopping and the center of town. Historically real estate in Monomoy has commanded high prices due to the location.
There were only 2 property sales in Monomoy in 2011. The property at 23 Brewster Road sold for $1,775,000 and was a 5 bedroom, 5 bath house located on just shy of one acre with views. The property located at 4 Monomoy Road had spectacular views over Nantucket Harbor to town and was private with 1.75 acre, a main house, guest house, garage, heated pool and tennis court and sold for $5,335,000. The average selling price in Monomoy was $3,555,000 and the median was the same (only 2 sales). It took an average of 410 days to sell a property in Monomoy in 2011, 50% longer than the market as a whole.
At this time there are 7 properties listed for sale in Monomoy, all of them houses (no vacant land). The average list price is $5,315,714 and the median is $3,695,000. These properties have been listed for an average of 542 days, considerably longer than the market average. The least expensive house listed for sale in Monomoy is 13 Monomoy Road, owned by an estate, and it has been on and off the market for numerous years. It is a .83 acre lot with an older one story home that most people would wish to renovate, now listed at $1,850,000. The most expensive Monomoy listing right now is located at 47 Monomoy Road, a house that was completely renovated in 2011 when it was re-located from the eroding ‘Sconset bluff. It has a main house and a cottage, beautiful lawn and gardens and great views of town and the Harbor and is listed at $14,995,000.
Please contact your Atlantic East Nantucket Real Estate broker for more information about Monomoy or any other area on Nantucket.