|
Presented by
Marie Skok |
26 Milk Street, Nantucket (Town), MA, 02554 | $6,650,000
A rare opportunity to own two lots in Town: a 5 BR Main House and 3 BR Garden Cottage, each on their own separate conforming lot with ample remaining ground cover. Together, the two properties create a private, historic compound with room for growth in a premier in-town location. There is endless possibility and versatility given the remaining ground cover on both lots. A true piece of Nantucket history, the Isaiah Folger House (c. 1770) exudes the grace and craftsmanship of 18th-century Nantucket, with original millwork drawings preserved in the home’s archives — a testament to its provenance. The existing floor plan lends itself beautifully being reconfigured to provide additional bedrooms and bathrooms, offering flexibility for modern living. With its spacious layout, dedicated off street parking, and full basement, the home can be comfortably enjoyed as is or reimagined with new decor. The Garden Cottage was designed and built by Kenneth Duprey, author of the definitive book on Nantucket’s historic homes. It has been newly renovated in summer 2025 and is being sold fully furnished, turnkey with interiors by Melanie Gowen Design. It would be an ideal income producing rental, guest house, or afford larger expansion or customization to a new owner’s vision. The portion of 26 Milk that is now Lot 1 transferred in March 2025 for $3, 500, 000; the portion of 26 Milk that is now Lot 2 transferred in July 2025 for $2, 485, 000. Tax assessor’s database has not yet been updated to reflect the recent subdivision and current ownership. This historic in-town compound may qualify for state and federal historic rehabilitation tax credits (up to 40%+ of certified restoration costs). A rare opportunity for buyers seeking to blend preservation and investment potential. See agent for Nantucket Preservation Trust guidance and MA Historic Rehabilitation resources: www. preservationmass. org/historic-tax-credits
Features
- Town: Nantucket
- Rooms: 16
- Bedrooms: 8
- Baths: 5 full / 1 half
- Year Built: 1770
- Heating: OFHW
- Basement: A full basement is accessible via bulkhead stairs to side yard and interior stairs from the kitchen.
- Approx Sq. Feet: 4,170
- Acreage: 0.25
- Est. Taxes: $16,190
- Lot Desc: Provisions of an Easement to the Nantucket Electric Company dated July 8, 2002, recorded with Nantucket Deeds in Book 775, Page 191., yes
- View: None, Res
- Appliances: Stove: Thermador Gas Range (main house), Bosch Gas Cooktop and Wall Oven (cottage), Washer: LG
- Property#: 92701
- Days on Market: 124 days
- Website: https://www.raveis.com
/mls/92701/26milkstreet_nantucket_ma?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Marie SkokSales Associate
203.994.9173
Marie.Skok@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Matthew DeMariaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 147983
845.290.3871
Matthew.DeMaria@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
Gene RahillyInsurance Sales Director, William Raveis Insurance
917.494.9386
Gene.Rahilly@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
26 Milk Street, Nantucket (Town), MA, 02554
$6,650,000
Marie Skok
Sales Associate
William Raveis Real Estate
Phone: 203.994.9173
Marie.Skok@raveis.com
Matthew DeMaria
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $5,320,000 | $5,320,000 | $5,320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.973% | 5.858% | 5.681% |
| Monthly Tax Payment | $1,349 | $1,349 | $1,349 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $28,559 | $31,046 | $43,469 |
| Total Monthly Payment | $30,033 | $32,520 | $44,943 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630