Nantucket Island Market Analysis by Area: Shimmo

Shimmo is located on the north side of Polpis Road and the area is a combination of properties located in the woods and properties with wide open, rolling terrain.  Many Shimmo properties have views of Nantucket Harbor, Coatue and back towards Town:  some are fortunate enough to share in water access for boating and bathing.    Shimmo is a residential area, rural in character and is located only a few miles from Town.  The Polpis Road bike path is convenient to Shimmo Pond Road and Moors End Farm, with a farm stand, is at the beginning of Shimmo.

There were only 2 property sales in Shimmo in 2011.  2 Juniper Hill sold for $2,400,000 after being on the market for a number of years.  The property had nearly two acres with a custom-built home and garage and swimming pool.  The second sale in 2011 in Shimmo was of 28 Gardner Road for $5,575,000, a 3.25 acre property with views of the harbor and sited on one of the highest points in Shimmo.  It had a main house and cottage.   The average selling price in Shimmo was $3,987,500 and the median was the same (only 2 sales).  The average days on the market were 803 days, more than twice as long as the market average as a whole.

 

At this time there are only 2 properties listed for sale in Shimmo, both of them houses.  The average and median list price is $5,122,500. The average days on the market are 229 days, shorter than the market average.  The least expensive house listed for sale in Shimmo is 6 Gardner Road , listed for $1,250,000.  It is a property with a main house and detached garage building that overlooks Moors End Farm and the property is need of some updating.  The most expensive Shimmo listing right now is located at 44 Brewster Road and 4,5 and 6 Harborview Drive, a family compound on 5 acres that that can be subdivided into 4 lots, listed for $8,995,000.  The property has enormous potential and strong water views.

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

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