Saturday, July 13, 2013

$118 million for Homer's Pond plus

Last August, Gerald DeBlois, the owner of Homer's Pond on West Tisbury's south shore, listed a 266-acre parcel for $92 million.

It's still on the market. But now DeBlois has sweetened the listing with another 50 acres and his home at the new record price of $118 million. Caroline Kennedy, your move.

The addition of the DeBlois home and surrounding property to the previous sale package expands the beachfront area to be sold. It also has the effect of reducing the price of what went on the market last year from $92 to $74 million. The price on the DeBlois house and surrounding acreage is $44 million. The properties may be sold separately or together, the owner and his agents said.
This marks the second time in the past three months that a significant Island property has been placed on the market with an asking price of many millions. In early May the Kennedy family listed two large, undeveloped oceanfront lots for sale at Red Gate Farm in Aquinnah; they are priced at $25 million for a 53-acre lot and $20 million for a 39-acre lot. The lots are still on the market.
Remote beachfront populated only by shorebirds. — Mark Lovewell
Mr. DeBlois told the Gazette this week that he made a strategy decision to put everything up for sale because he thought it might be more attractive to a buyer or possibly a group of buyers.
“We obviously have had the property on the market since last July and decided sometime this winter that we needed to refocus,” he said. “And we became convinced that to attract people to the property we needed to do this. I’m 72 years old and I don’t want to do this twice.”
- See more at: http://mvgazette.com/news/2013/07/11/west-tisbury-property-goes-market-record-118-million#sthash.jx9EK0wa.dpuf
The addition of the DeBlois home and surrounding property to the previous sale package expands the beachfront area to be sold. It also has the effect of reducing the price of what went on the market last year from $92 to $74 million. The price on the DeBlois house and surrounding acreage is $44 million. The properties may be sold separately or together, the owner and his agents said.
This marks the second time in the past three months that a significant Island property has been placed on the market with an asking price of many millions. In early May the Kennedy family listed two large, undeveloped oceanfront lots for sale at Red Gate Farm in Aquinnah; they are priced at $25 million for a 53-acre lot and $20 million for a 39-acre lot. The lots are still on the market.
Remote beachfront populated only by shorebirds. — Mark Lovewell
Mr. DeBlois told the Gazette this week that he made a strategy decision to put everything up for sale because he thought it might be more attractive to a buyer or possibly a group of buyers.
“We obviously have had the property on the market since last July and decided sometime this winter that we needed to refocus,” he said. “And we became convinced that to attract people to the property we needed to do this. I’m 72 years old and I don’t want to do this twice.”
- See more at: http://mvgazette.com/news/2013/07/11/west-tisbury-property-goes-market-record-118-million#sthash.jx9EK0wa.dpuf
Mr. DeBlois told the Gazette this week that he made a strategy decision to put everything up for sale because he thought it might be more attractive to a buyer or possibly a group of buyers.
“We obviously have had the property on the market since last July and decided sometime this winter that we needed to refocus,” he said. “And we became convinced that to attract people to the property we needed to do this. I’m 72 years old and I don’t want to do this twice.”
- See more at: http://mvgazette.com/news/2013/07/11/west-tisbury-property-goes-market-record-118-million#sthash.jx9EK0wa.dpuf
Mr. DeBlois told the Gazette this week that he made a strategy decision to put everything up for sale because he thought it might be more attractive to a buyer or possibly a group of buyers.
“We obviously have had the property on the market since last July and decided sometime this winter that we needed to refocus,” he said. “And we became convinced that to attract people to the property we needed to do this. I’m 72 years old and I don’t want to do this twice.”
- See more at: http://mvgazette.com/news/2013/07/11/west-tisbury-property-goes-market-record-118-million#sthash.jx9EK0wa.dpuf
Mr. DeBlois told the Gazette this week that he made a strategy decision to put everything up for sale because he thought it might be more attractive to a buyer or possibly a group of buyers.
“We obviously have had the property on the market since last July and decided sometime this winter that we needed to refocus,” he said. “And we became convinced that to attract people to the property we needed to do this. I’m 72 years old and I don’t want to do this twice.”
- See more at: http://mvgazette.com/news/2013/07/11/west-tisbury-property-goes-market-record-118-million#sthash.jx9EK0wa.dpuf
Mr. DeBlois told the Gazette this week that he made a strategy decision to put everything up for sale because he thought it might be more attractive to a buyer or possibly a group of buyers.
“We obviously have had the property on the market since last July and decided sometime this winter that we needed to refocus,” he said. “And we became convinced that to attract people to the property we needed to do this. I’m 72 years old and I don’t want to do this twice.”
- See more at: http://mvgazette.com/news/2013/07/11/west-tisbury-property-goes-market-record-118-million#sthash.jx9EK0wa.dpuf
Mr. DeBlois told the Gazette this week that he made a strategy decision to put everything up for sale because he thought it might be more attractive to a buyer or possibly a group of buyers.
“We obviously have had the property on the market since last July and decided sometime this winter that we needed to refocus,” he said. “And we became convinced that to attract people to the property we needed to do this. I’m 72 years old and I don’t want to do this twice.”
- See more at: http://mvgazette.com/news/2013/07/11/west-tisbury-property-goes-market-record-118-million#sthash.jx9EK0wa.dpuf
Mr. DeBlois told the Gazette this week that he made a strategy decision to put everything up for sale because he thought it might be more attractive to a buyer or possibly a group of buyers.
“We obviously have had the property on the market since last July and decided sometime this winter that we needed to refocus,” he said. “And we became convinced that to attract people to the property we needed to do this. I’m 72 years old and I don’t want to do this twice.”
- See more at: http://mvgazette.com/news/2013/07/11/west-tisbury-property-goes-market-record-118-million#sthash.jx9EK0wa.dpuf

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