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The Wall Street Publication > Blog > Real Estate > Nantucket house threated by seashore erosion will get demolished
Real Estate

Nantucket house threated by seashore erosion will get demolished

Editorial Board Published January 18, 2025
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Nantucket house threated by seashore erosion will get demolished
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The house, bought for $200,000, was used for one week by its present proprietor. (Credit score: Package Noble) 

A house on Nantucket’s coast that had been severely threatened by seashore erosion has been torn down.

Employees tore down the house, situated on the southern shore of the Massachusetts island, earlier within the week, in accordance with the Nantucket Present. 

A beachfront house at 28 Sheep’s Pond Lane in Nantucket, Massachusetts, Tuesday, January 14, 2025. The house, which was bought final 12 months for $200,000 was ordered to be torn down final month by the city as a result of adjoining seashore erosion. (Package Noble)

Its razing happened half a 12 months after Ticketnetwork Inc co-founder Don Vaccaro bought the coastal property from its longtime house owners in a $200,000 deal throughout the summer time of 2024.

City officers had reportedly determined in December that the house wanted to be knocked down. 

BILLIONAIRE FORCED TO DEMOLISH NANTUCKET BEACH HOME

The ocean had been creeping nearer and nearer to it through the years, with 10-20 toes of seashore bordering it having disappeared previously six months, the outlet reported. 

Pictures confirmed an excavator destroying the two-story house and placing particles in a close-by dumpster. 

A beachfront house at 28 Sheep’s Pond Lane in Nantucket, Massachusetts, Tuesday, January 14, 2025. The house, which was bought final 12 months for $200,000 was ordered to be torn down final month by the city as a result of adjoining seashore erosion.

FOX Enterprise reached out to the house owner for remark. 

Nantucket house being demolished after beach erosion made it untenable

A beachfront house at 28 Sheep’s Pond Lane in Nantucket, Massachusetts, Tuesday, January 14, 2025. The house, which was bought final 12 months for $200,000 was ordered to be torn down final month by the city as a result of adjoining seashore erosion. (Package Noble)

Vaccaro, additionally the proprietor of a neighboring property, advised the Nantucket Present that he was “able to use it one week with my family and kids in both houses, which was a priceless experience, so it was worth it in the end.” 

“Unfortunately the town wanted the house down for safety reasons, and we complied with the town request even though the home was still structurally sound,” he reportedly mentioned. 

Nantucket house being demolished after beach erosion made it untenable

A beachfront house at 28 Sheep’s Pond Lane in Nantucket, Massachusetts, Tuesday, January 14, 2025. The house, which was bought final 12 months for $200,000 was ordered to be torn down final month by the city as a result of adjoining seashore erosion. (Package Noble)

NANTUCKET BEACHFRONT HOMES STILL COVETED BY BUYERS DESPITE HIGH RISK OF BEING SWALLOWED BY THE SEA

Nantucket house being demolished after beach erosion made it untenable

A beachfront house at 28 Sheep’s Pond Lane in Nantucket, Massachusetts, Tuesday, January 14, 2025. The house, which was bought final 12 months for $200,000 was ordered to be torn down final month by the city as a result of adjoining seashore erosion. (Package Noble)

The earlier house owners bought the house to Vaccaro for simply $200,000 after they obtained a “call out of the blue” from him, the Nantucket Present reported final 12 months. Property information considered Friday listed it as having a virtually $1.3 million assessed worth. 

Previous to his supply, they’d not listed on the market as a result of they mentioned they didn’t “want to sell to someone when you know a storm could take it out next week,” in accordance with the outlet. 

Vaccaro mentioned in a press release to FOX Enterprise in early July of final 12 months, not lengthy after the house modified fingers, that he had “no illusions that the house will remain in place for more than a year, and bought it on the assumptions that it will be in the water by spring of 2025.”

NANTUCKET BEACHFRONT HOME SELLS FOR AN ABSURDLY LOW PRICE, BUT THERE’S A CATCH

Coastal erosion is a phenomenon that a number of areas throughout Nantucket should deal with. 

On the southern shoreline, the island experiences annual seashore erosion “in the middle” of 0.56 toes and 12.63 toes, the native authorities mentioned on its web site. 

 

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