Caroline Kennedy Schlossberg Lists Two Martha's Vineyard Lots for $45 Million

Caroline Kennedy Schlossberg and Edwin Schlossberg listed two lots of land in Aquinnah, MA for $45 million this morning. The lots are known as 6 and 8 Red Gate Farm. 6 Red Gate Farm is comprised of 39.51 acres and is listed for $20 million. 8 Red Gate Farm totals 53.3 acres and is currently listed for $25 million.
The original 366 acre property was purchased by Jacqueline Kennedy Onassis in 1978. In 2006 it was subdivided into 7 lots; the main 106 acre estate, (3) equal lots for the Schlossberg children, (2) lots for estate expenses, taxes etc. and (1) forever unbuildable open space lot.

                                                            6 Red Gate Farm

                                                          8 Red Gate Farm



"Simply Magnificent is the only way to describe this pristine oceanfront parcel. Rolling dunes, Squibnocket Pond views, Atlantic Ocean views...when you see this property you will feel as though you have stepped back in time...a blank slate for your dream home...in this unique & beautiful location...over 50 acres of beachfront land abutting 60 acres of protected beachfront!"-Deb Hancock, listing agent.

Please visit my website www.vineyardrealtygroup.com to search all properties for sale on Martha's Vineyard. I can be reached at 617-429-5219 to answer questions or schedule a showing. Thanks for viewing!

Here is a link to the story as reported by the Martha's Vineyard Gazette Newspaper 5/3/13
http://www.mvgazette.com/news/2013/05/02/kennedy-family-puts-large-tract-aquinnah-land-sale

Schifter Buys Neighbor Leland's Property for $4.5 Million

Richard and Jennifer Schifter purchased O.Stevens Leland's property located at 33 Pocha Rd. extension for $4.5 million yesterday 12/31/2012. The property is located directly behind the Schifter house at Wasque Point. Public records indicate the property consistis of 4.1 acres improved by a 3 bedroom, 2.5 bathroom, 2190 sq.ft. house. The assessed value is $1,755,500. This sets up the obvious move of the massive Schifter house by the Spring. Since Leland has more land adjacent to the property that he sold his existing house will most likely be moved. I wonder if the price tag included this. The Schifters have been losing nearly 1 foot per day to the ocean. Look at the Google image taken in March vs. the image taken by the Martha's Vineyard Gazette just weeks ago. Most of the problems exist due to the breach at Norton's Point which took place in 2007. This should be interesting. Stay tuned for updates.

Please visit my website www.vineyardrealtygroup.com to search all properties for sale on Martha's Vineyard. I can be reached at 617-429-5219. Thanks for viewing!