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31 Ice Pond Lane

Andrew McElhinney Of Compass Represents Buyer In $2.25M Oak Bluffs Land Sale
SOLDLand

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:

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

Andrew McElhinney

Compass

Broker

$12.4M

vol

4 deals

Broker

Oak Bluffs Land Market Snapshot

Boundary boundary · Land · Sale transactions

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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