M7E| Friday, September 20, 2019 THE WALL STREET JOURNAL.
Henry Harrison Fay House
Historic gem restored and renovated to honor its rich history, while designed for today’s
lifestyle—with ten-foot ceilings, exquisite moldings, original wood floors, six working fireplaces,
gourmet kitchen, and butler’s pantry. Integrated sound system, video surveillance, irrigated
grounds, a three-car garage, and park-like corner lot. This property strikes a beautiful balance
between a grand Newport house and comfortable family home. $2,650,000Stella Maris Inn
Located on almost an acre in the historic Point district, this remarkable property hearkens
back to another era. High ceilings on three levels, a variety of hardwoods throughout, en
suite baths in every bedroom, and grounds with gardens and mature trees. Run as an inn
for 30 years, it is time for a new steward. Many possibilities: large single-family, multi-family,
condominiums, or continue as one of Newport’s most desirable inns. $2,895,000GustaveWhite.com 401.849.3000
NEWPORT, RHODE ISLAND
Leave the World Behind
— The Chimneys: Manchester-By-The-Sea, Massachusetts—28 Acres of quiet splendor with a private white sand beach•Elegant 1904 13,000sfhome with 8+bedrooms
12 fireplaces•Frederick Law Olmsted Jr. gardens•Carriage House with open spaces and 2-bedroom apartment above
Michael L.Carucci 617-901-7600•[email protected]Pristine condition Offered at$24,000,000TheChimneysOnDanaBeach.com
NY/NESpecial Advertising Section
Cape Cod, especially, is largely a renovate-and-re-
build market, according to Kathy Forrester, broker with
Randall Realty/Kinlin Grover/Paige Taft Realty. She
notes that Cape Cod has very little buildable land — but
demand is as high as ever.
“Our market is somewhat more resistant to economic
issues than other parts of the country because there’s
only one Cape Cod. Demand stays fairly consistent,” she
says. “Homeowners will do what they can to protect and
maintain their surroundings. Many of them started their
relocation to Cape Cod by first renting vacation homes
here. Our waterways and attention to our natural re-
sources keep drawing new generations of buyers.”
“High-rise hotels and sprawling beach resorts are
not part of the Cape Cod landscape,” Forrester adds, “so
people who come back summer after summer often buy
their own Cape homes.”
“We don’t see many tear-downs. Renovations, with
great care, keep the exterior footprint and restore a prop-
erty’s original grandeur while bringing it up to modern
standards,” she says. “If you’re a skilled builder, crafts-
man or other contractor, you are not wanting for work.”PRAISE FOR WEST YARMOUTH
Forrester says she’s enthusiastic about colleague
Sandra Tanco’s listing, Hill House — a family com-
pound within one main residence at 1170 Great Island
Road located on a private peninsula in West Yarmouth.
“Being at the property immediately slows your pace
and connects you to the natural surroundings,” she
says. “Roads are narrow, the tree canopy is dense and
the water views are breathtaking. Locals refer to them-
selves as ‘islanders,’ which speaks well of the state of
mind this peninsula creates.”
At Jack Conway Real Estate, COO Al Becker agrees
an inventory shortage affects not just Cape Cod, but
the South Shore as well. At the high end, properties are
staying on the market longer. Most buyers, he says, are
no longer looking at luxury homes as blank canvases —
they want amenities in place and ready to go.“Pricing has increased, so properties just over $1
million, near good schools, go quickly,” he says. “We
have an interesting listing at 78 Wareham, in Marion: a
single-family waterfront home with indoor pool on 11-
plus acres for $2.6 million. We have a stunning home
in Cohasset for $1.699 million. It’s completely move-in
ready and directly on the waterfront, with an extremely
well-designed interior.”
“Our overall market is stable; we’re hoping for a strong
season this fall with interest rates low, and plenty of op-
portunity in the high end,” Conway says.
The big news on Martha’s Vineyard, according to
LandVest’s managing director of real estate Slater
Anderson, is that the estate once owned by Jacqueline
Kennedy Onassis is on the market for $65 million
throughLandVestagentsTomLeClairandGeryConover.
“Knowing an asset like this is a once-in-a-lifetime
opportunity is a strong motivating factor for buyers,” he
says. “This estate offers exceptional privacy, custom resi-
dences and over one mile of private sandy ocean front-
age across 340 acres.”SOUTH SHORE SPARKS MORE INTEREST
BrokerLizBoneofSouthShoreSotheby’sInternational
Realty says lower-than-average inventory in certain
price points makes the South Shore a challenging mar-
ket, especially in view of high demand and still-favorable
interest rates. Those favorable interest rates fuel a desire
to trade up.
“We see a lot of moving from different neighborhoods
within communities on the South Shore,” she observes.
“On the coast, it’s common for people to relocate closer
and closer to the water. We are seeing newer construc-
tion on the South Shore. Our communities are protec-
tive, therefore local Selectmen [local elected officials]
and building requirements are strict.”
“Our buyers appreciate having more space,” she adds.
“As you travel around the South Shore, price points fluc-
tuate, but the data points mean nothing if the property
doesn’t speak to you. Every town has a different climate.”Special Advertising Feature
C
ape Cod, Nantucket and Martha’s Vineyard comprise one of the most sought-after second-home markets in the United States.
Massachusetts’South Shore region,which connects Boston to the Cape,has emerged as a popular area for families who want an urban/
suburban experience,combined with access to more bucolic areas.In all,the region promises owners a stable market where property
tends to hold its value.Buyers often find the selection slim,and sellers usually have to price older properties realistically,knowing buyers will
often make extensive renovations.
New England Properties
by Joseph Dobrian
Availability
Rises Slightly on
Cape,
Islands
The Martha’s Vineyard estate once owned by former First Lady Jacqueline Kennedy Onassis.Waterfront on Converse Point
Majestic views of Sippican Harbor, Buzzard’s Bay and beyond
from this one-of-a-kind waterfront home located in one of Marion’s
most private enclaves, “Converse Point”. Set on 2.4 acres with
240 ft. +/- of frontage on Buzzard’s Bay, a private dock, private
sandy beach, this 5,500 sq. ft. house was custom designed
offering 4 bedrooms, 4.5 baths, and an open layout with many
large and dramatic spaces for family and friends to gather. This
property also comes with access to the Moorings Breakwater
Trust association dock, tennis court and pier. Truly a rare offering!Exclusively listed at $4,995,000
ConverseCompany
REALTORS(508) 748-0200
166 Front St., Marion, MA 02738
http://www.conversecompanyrealtors.com