71R Fairgrounds Road, Nantucket (Mid Island), MA, 02554 | $4,895,000

Experience the best of Nantucket summer living with this exquisite new construction home, thoughtfully designed to meet the needs of seasonal living and entertaining. Tucked away on a private 1/4 lot, this property is a true oasis, complete with a luxurious main house, a detached studio, and a sparkling gunite pool. Offered fully furnished, this home is ready to be enjoyed from the moment you step inside. The main house, spanning 3 beautifully appointed levels, offers 5 bedrooms and 6 bathrooms. At its heart is an open-concept kitchen, dining, and living area that invites seamless indoor-outdoor living. The kitchen is a chef’s dream, featuring a Wolf gas range with a pot filler, integrated Sub-Zero refrigerator and dishwasher, beverage drawers, and custom cabinetry. The large island, with seating for 3, becomes a natural gathering spot for casual breakfasts or evening cocktails. Sliders off the dining area open to the backyard and pool, making al fresco dining effortless. The primary suite is a sanctuary with shiplap walls and his and her bathrooms. Her bathroom includes a spacious walk-in closet, while his features built-in storage. 3 additional ensuite bedrooms provide privacy for family and guests, while the lower level offers flexible space for summer activities. Whether you’re hosting game nights, enjoying movie marathons, or creating a playroom for younger visitors, the large living room with French doors to the backyard ensures endless possibilities. Outdoors, the thoughtfully designed spaces are perfect for summer relaxation. The saltwater gunite pool serves as the focal point, complemented by two outdoor showers and a side-covered porch with inviting furnishings where you can unwind after a day at the beach and enjoy the fire pit and grilling station. The detached pool cabana/garage and above studio add even more flexibility to this remarkable property. With vaulted ceilings, shiplap details, and an ensuite bedroom, it’s ideal for guest quarters, a serene home office, or summer rental. Sliders lead to a private deck and directly to the pool. Every detail of this home is tailored to make summer living effortless, from central air conditioning to high-end finishes throughout. Whether you’re hosting family gatherings, entertaining friends, or simply relaxing in your private retreat, this property offers a turn-key opportunity to experience the magic of Nantucket.

Features

  • Town: Nantucket
  • Rooms: 11
  • Bedrooms: 6
  • Baths: 7 full / 1 half
  • Year Built: 2024
  • Heating: Gas\FHA
  • Basement: The lower level of this home is a versatile space designed for relaxation and entertainment, featuring a large living room perfect for movie nights, game days, or a playful retreat for children. French doors open directly to the backyard, allowing for easy access to outdoor fun. This level includes a private ensuite bedroom, a second bedroom, and a full bathroom, offering comfortable accommodations for family or guests. A well-appointed laundry room with 2 sets of w/d - a plus with pool towels a
  • Acreage: 0.2641
  • Property#: 91808
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/91808/71rfairgroundsroad_nantucket_ma?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Maury People Sotheby's International Realty

William Raveis Family of Services

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

71R Fairgrounds Road, Nantucket (Mid Island), MA, 02554

$4,895,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,916,000 $3,916,000 $3,916,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.820% 6.597% 6.158%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $23,165 $24,752 $33,045
Total Monthly Payment $23,290 $24,877 $33,170

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.