Mimi Huber Of Lee Real Estate Represents Sale Of Nantucket Mansion For $31M
8 Sachem Road
$31,000,000
$4,801/SF
Building Size
6,456 SF
Asset Type
Single Family
Closing
Sep 30, 2025
AI
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.
Players
Nantucket Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93