Barron's Magazine Ranks Martha's Vineyard #5 Best Places for Second Homes

Mark Veverka and Steven M. Sears of Barron's Magazine published an article on March 5, 2011 Best Places for Second Homes. Martha's Vineyard was ranked #5. "Two years after the worst of the financial crisis, the rich have dusted themselves off and resumed some serious discretionary spending. Both sales volume and prices are clearly on the rise for luxury vacation homes, one of the greatest indulgences of all. Prices for the majority of the 15 locales in our annual ranking of best places for second homes climbed in 2010, sometimes dramatically.

In seeking out and ranking these havens, we looked for beauty, comfort, convenience, a range of lifestyles and -- always the paramount criterion at Barron's -- value."
Here's what they had to say about the Vineyard: Seven miles off the coast of Massachusetts, Martha's Vineyard entered the popular imagination around 1993 when then-President Clinton and family vacationed at the home of his friend Vernon Jordan. President Obama has twice vacationed on the island since he took office. The vineyard is now a full-fledged international destination. Modest summer homes have been replaced by massive luxury manses, but local officials have wisely decreed that 2% of every real estate sale go to a land bank that buys up and preserves open spaces. You can't go wrong buying into Chilmark or Edgartown.
The List:

1. Sea Island, GA
2. Maui, Hawaii
3. Hampton's New York
4. Aspen, Colorado
5. Martha's Vineyard, MA
6. Deer Valley, Utah
7. Lake Tahoe, CA
8. Kiawah, South Carolina
9. Palm Beach, FL
10. Pebble Beach, CA
11. Greater Palm Springs, CA
12. Brays Island Plantation, S.C.
13. Sun Valley, Idaho
14. Lake Geneva, WI
15. Asheville, N.C.

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

Waterfront Condo On Historic Edgartown Harbor For Sale!!!

Exceptionally rare opportunity to purchase a waterfront condo/hotel at the Harborside Inn located on Historic Edgartown Harbor. One of only two

units with FULL 30/30th deeded ownership rights- 30 continuous, uninterrupted weeks of ownership. Amenities include boat dock, parking, heated outdoor pool and spa. Pied-a-terre, nanny's quarters, home away from home, weekend getaway...endless possibilities and uses. Moments from the finest shopping, restaurants, art galleries and beaches of Martha's Vineyard. Don't miss out on this once in a lifetime investment opportunity!!
Please call John for more details!617-429-5219

To search all Martha's Vineyard properties currently on the market please visit my website www.vineyardrealtygroup.com

Estate of Walter Cronkite in Edgartown, Martha's Vineyard Sold For $11.3 Million

The estate of Walter Cronkite located on 40 Green Hollow Rd. closed yesterday for $11,300,000. The Edgartown harbor front property was purchased by Karen L. Brush of London, UK. This was not the only multi million dollar purchase on island this past month. On January 11th 14 Round Pond Rd. in Chilmark sold for $14,000,000 to Squibby LLC. Other notable transactions last month included 6 Golf Club Rd. in Edgartown which sold for $4,500,000 to Sarah Kernochan and James Lapine and 71 Tisbury Lane in West Tisbury which sold for $3,3750,000. There were at least four other properties that closed over 1 million dollars.

1686 Martha's Vineyard Deed Sold at Auction

Here is the link to the article which appeared in The Martha's Vineyard Times this week.
http://www.mvtimes.com/marthas-vineyard/article.php?id=3324

Actress Amy Brenneman Buys Martha's Vineyard Home

Actress Amy Brenneman and her husband director Brad Silberling closed on 155 Pond View Farm Road in West Tisbury, Martha's Vineyard this week. The closing price for the waterfront 5 bedroom home located on the Tisbury Great Pond was $4,300,000.

Michael J. Fox Sells Vineyard Home To Bruins' Neely

Long time Martha's Vineyard seasonal residents, Michael J. Fox and his wife Tracy Pollan, sold their home located at 4 Windy Hill Rd. in Aquinnah to Boston Bruins' Cam Neely. The $2,350,000 transaction was completed yesterday, November 1st. Does this mean the Foxes are leaving the Vineyard?

Please visit my website www.vineyardrealtygroup.com to view all properties for sale on the Vineyard. I can be reached at 617-429-5219.

Lady Gaga Rumored To Be Buying Home on Martha's Vineyard

Lady Gaga is going to be a resident of New England? According to the website Contact Music, Lady Gaga is buying a home on Martha’s Vineyard. I have no personal knowledge of this just yet but stay tuned. Also, rumored to have recently purchased home on Martha's Vineyard is a member of the famous Wrigley family out of Chicago. The rumored property is located on Edgartown Harbor. The purchase price was $17 million. Although it is not showing in the LINK real estate listing service the estate of Walter Cronkite located on Edgartown is said to be under agreement close to the asking price of $12.5 million.
In 2010 there have been 33 homes that have sold for a purchase price of $2 million or greater. Not bad for a slow year!