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The Wall Street Publication > Blog > Real Estate > Nantucket house threatened by seaside erosion will get demolished
Real Estate

Nantucket house threatened by seaside erosion will get demolished

Editorial Board Published January 18, 2025
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Nantucket house threatened by seaside 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 seaside erosion has been torn down.

Staff tore down the house, situated on the southern shore of the Massachusetts island, earlier within the week, based on 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 seaside erosion. (Package Noble)

Its razing took place half a 12 months after Ticketnetwork Inc co-founder Don Vaccaro bought the coastal property from its longtime homeowners in a $200,000 deal through 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 seaside bordering it having disappeared up to now six months, the outlet reported. 

Images 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 seaside 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 seaside 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 seaside 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 seaside erosion. (Package Noble)

The earlier homeowners offered 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 data 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,” based on the outlet. 

Vaccaro mentioned in an announcement to FOX Enterprise in early July of final 12 months, not lengthy after the house modified arms, 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 need to take care of. 

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

 

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