Nantucket home sells for 74% discount due to coastal erosion

In a corner of the nation where oceanfront properties are the playgrounds of the elite, whispers of an unbelievable deal spread like wildfire across Nantucket this winter.

Imagine, a seaside sanctuary up for grabs at a mere $600,000 — a

Townhouse-style suite in new mid-rise sells in three weeks

Open this photo in gallery:

Right at Home Realty Inc.

2720 Dundas St. W., No. 620, Toronto

Asking price: $1,369,000 (January, 2024)

Selling price: $1,325,000 (February, 2024)

Taxes: Not available

Days on the market: 21

Listing agent: Paul Johnston, Right