Nantucket Island Market Analysis by Area: Polpis

Polpis is a large area on the north side of Nantucket that runs from Shawkemo to Pocomo and Wauwinet.  It is rural in character and many homes in Polpis have frontage, or views of Nantucket Harbor.  Polpis has the only harbor on the east end of the island and it is a base for operations for Nantucket Community Sailing.  The harbor is protected by Coatue.  The Hidden Forest is located in Polpis as are large tracts of conservation land including the Windswept Bog, owned and operated by the Nantucket Conservation Foundation.  Large lot zoning provides for quiet and privacy and the central area of Polpis is largely protected but accessible for public enjoyment.  One of the most interesting bike paths on the island runs along Polpis Road and this is by far the most scenic route to the eastern end of the island.

There were only 3 sales in Polpis in 2011. The average selling price was $1,873,333 and the median was $1,845,000.  The average days on the market were 82 days, considerably shorter than the market average as a whole.

The least expensive sale in Polpis was the sale of 34 Polpis Road, a one acre parcel with two modest houses located not far from the rotary that sold for $1,050,000.  The highest price paid for a Polpis property in 2011 was $2,725,000 for 4 Quaise Pasture Road, a country estate on over 2 acres with a 5 bedroom, 4.5 bath architect-designed and custom-built home.  The home was surrounded by meadow and scenic and open conservation land.

At this time there are 6 properties listed for sale in Polpis, only one of them vacant land.  The average list price is $3,497,500; the median list price is $2,695,000.  The average days on the market are 268 days, shorter than the market average.  The least expensive house listed for sale in Polpis is 11 Kelley Road, a .61 acre lot with a 3 bedroom, one and one-half bath saltbox style home listed for $725,000. The most expensive Polpis listing is 183 Polpis Road, at $9,850,000, an estate with a pool and tennis court on 5.98 private acres and with distant water views.

Please contact your Atlantic East Nantucket Real Estate broker for more information about Polpis or any other areas on Nantucket.

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