Record Nantucket Estate Sale: 57 Hulbert Avenue fetches $42.5m; $850,000 goes to Land Bank

A historic waterfront estate overlooking Nantucket Harbour has changed hands for $42.5 million, setting a new record for the island's residential property market. The sale of the property at 57 Hulbert Avenue surpasses the previous island record of $42 million, paid by Barstool Sports founder Dave Portnoy for his Monomoy property in 2023. According to The Wall Street Journal, ACK News and Nantucket property records, the estate was sold on November 5, 2026, after remaining with the same family for more than five decades.

The transaction also generated $850,000 for the Nantucket Islands Land Bank through the island's property transfer fee. Known as Blue Waters, the property is situated in the Brant Point neighbourhood and offers views across Nantucket Harbour. It was designed by architect William Edward Shepherd and built in 1937.

The Fife family had owned the estate since 1972, with the recent transaction marking the end of its 54-year ownership.The property was sold by Andrew, Howard and Richard Fife, along with a Fife family trust.