Dave Portnoy has made a splash on Nantucket. And, it’s not because of one of his viral pizza reviews. Instead, he has reportedly acquired a slice of New England island paradise, dishing out $42 million for a 1.2-acre, two-parcel Monomoy property overlooking Nantucket Harbor, according to the Wall Street Journal. If we were to rate this property, it would have to be a 10 out of 10, especially since it was featured in the June 2022 issue of CTC&G.
Earlier this summer, a $38,127,000 sale on the island set the record for Massachusetts’ most expensive home sale ever. It didn’t take long for the Barstool Sports founder to top that record with this off-market deal. Those familiar with the transaction also shared with the WSJ that the closing price included $2 million worth of decor and furnishings. Who could blame the high-profile buyer for loving what the sellers created down to these last details?
Workshop/APD principal Andrew Kotchen designed the compound for a Connecticut family with three grown children. It is made up of two structures, both with white cedar shingles and flat-topped, unadorned pergolas. “We didn’t want a large structure that would have negative impact from the harbor,” Kotchen told CTC&G of the four-bedroom main house. There is an emphasis on indoor/outdoor living, with features like bi-fold doors and strategically placed decks.
As for the five-bedroom guest house, “fun was the operative word,” Kotchen shared. With a gym and media room, “the idea was to have a completely different experience from the main house, but have spaces that encourage going back and forth.”
The sellers, a pair of trusts listed as MAK Daddy Trust and MAK Shack Trust, paid $13.3 million in 2016 for the two parcels, per the WSJ.
In this record transaction, Shellie Dunlap of Lee Real Estate represented the sellers, while Peter Engen of Lee Real Estate represented Portnoy.