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Mimi Huber Of Lee Real Estate Represents Sale Of Nantucket Mansion For $31M
SOLD
$31,000,000
Massachusetts
See Similar DealsSingle Family6,456 SF
Sold 09/30/2025
SOLD
Mimi Huber Of Lee Real Estate Represents Sale Of Nantucket Mansion For $31M
8 Sachem Road
See Similar DealsSingle Family6,456 SF
Sold 09/30/2025
Summary
MASSACHUSETTS
Asset Type:Single Family
Price Per Square Foot:$4,801
Total Square Footage:6,456 SF
Transaction Type:Sale
The single-family residence located at 8 Sachem Road in Nantucket, MA was sold after undergoing a major remodel. The property spans 6,456 square feet and was sold for $31,000,000, equating to a price per square foot of $4,802. This transaction marks the highest-selling home on the island for the year 2025 following its previous sale in 2021 for $13.25 million.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $31,000,000
- Address: 8 Sachem Road
- Market: Nantucket, MA
- Square Footage: 6,456
- Price Per Square Foot: $4,802
Mimi Huber from Lee Real Estate represented the transaction, facilitating the sale in the Nantucket market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,653,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$110,136.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$146,955.82
Annual Debt Service$1,763,469.79
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