Andrew McElhinney Of Compass Represents Buyer In $2.25M Oak Bluffs Land Sale
31 Ice Pond Lane
$2,250,000
Building Size
—
Asset Type
Land
Closing
Jul 1, 2024
AI
The property at 31 Ice Pond Ln, Oak Bluffs, MA 02557, was sold for $2,250,000. This 3.5-acre vacant land is located in the Farm Neck Golf Club community and offers a rare opportunity to build a dream home in Martha's Vineyard. The property comes with stockholder membership benefits and provides access to renowned golfing facilities in a serene and picturesque setting.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,250,000
- Location: Oak Bluffs, MA
- Acres: 3.5
- Buyer's Representative: Andrew McElhinney - Compass
- Seller's Representative: Thomas Wallace - Sotheby's International Realty
Andrew McElhinney of Compass represented the buyer in this transaction, while Thomas Wallace of Sotheby's International Realty represented the seller. The deal for the 3.5-acre land at 31 Ice Pond Lane marks a significant opportunity for the buyer to own a piece of land in a premier location within the Farm Neck Golf Club community.
Players
Oak Bluffs Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93