Billionaires' Isle mansion sells for $25M ... but just a few miles away dream homes could soon become WORTHLESS

A charming mansion has astir breached records for its sold terms of $25m connected Nantucket's Main Street.

The Greek Revival styled location is tucked distant from the fashionable shoreline successful the halfway of downtown Nantucket and holds historical ties dating backmost to the aboriginal 19th century.

It's surrounded by different historical homes and commercialized stores.

It was built connected 72 Main Street by land builder and craftsman John Coleman for whaling merchant John Wendell Barrett.

Although the location doesn't athletics h2o views, the 6,804-square-foot mansion has six bedrooms, six-and-a-half baths and 3 parlors to the east, westbound and rear of the home, according to the listing.

 The erstwhile owners modernized the location portion keeping the historical features, listing cause Bernadette Meyer told The Boston Globe.

Meyer said they refurbished the fireplaces, updated the main staircase with 'period appropriate' railings, restored the robust railings connected the beforehand porch, redid the beforehand steps and restored the monolithic cupola that adorns the roof. 

The mansion was purchased by a unsighted spot called Seventy-Two Main Nominee Trust, the Nantucket Current reported. 

It's lofty selling terms places it among the astir costly existent property transactions successful land past - adjacent much awesome is it matches up to the emblematic precocious prices that are expected of waterfront homes successful the area. 

This is portion vacationers are scrambling to merchantability their coastline formation homes that are nether menace of plummeting successful the Atlantic Ocean.

 The confederate broadside of Nantucket has ever experienced much erosion than different areas connected the island. 

During winter, beardown storms and precocious winds propulsion soil distant from beaches and pushes upwind and h2o towards enactment - heavy contributing to precocious erosion rates  

A 2021 Nantucket Coastal Resilience Plan estimated implicit the adjacent 50 years determination would beryllium $3.4billion successful damages crossed the land and implicit 2,300 buildings are astatine risk.

This merchantability follows 2 months aft Jane Carlin and Ben Gifford's $2 cardinal imagination getaway was sold for conscionable $200,000 as years of relentless erosion ate distant astatine the shoreline surrounding their house.

 The 1,700-square-foot home, assessed astatine a whopping $1.9 cardinal successful 2024, present sits dangerously adjacent to the Atlantic Ocean.

'It's astir acceptable to spell in,' Jane told the Nantucket Current. 'It has truly been relentless. It utilized to beryllium a neighborhood, and you knew who lived where. And now, if you instrumentality a thrust retired there, there's not overmuch to see.'

But the mates received an unexpected connection for their location connected Sheep Pond Rd from their neighbor, Don Vaccaro, a businessman who owns the spot adjacent door.

Vaccaro swooped successful to acquisition the endangered location for a specified $200,000.