Stunning $2M 'summer palace' sells for jaw-dropping $200,000 - and the owners are HAPPY with deal

A stunning Nantucket summertime location erstwhile worthy astir $2 cardinal has been sold for conscionable $200,000 - and nan owners couldn't beryllium happier astir it.

Jane Carlin and Ben Gifford, who purchased their dream getaway connected Nantucket's westbound extremity successful 1988, person been forced to waste their beloved spot for a fraction of its worth arsenic Mother Nature is threatening to reclaim it.

The 1,700-square-foot home, assessed astatine a whopping $1.9 cardinal successful 2024, now sits dangerously adjacent to nan Atlantic Ocean aft years of relentless erosion person eaten distant astatine nan shoreline.

'It's astir fresh to spell in,' Jane told nan Nantucket Current. 'It has really been relentless. It utilized to beryllium a neighborhood, and you knew who lived where. And now, if you return a thrust retired there, there's not overmuch to see.'

But nan mates received an unexpected connection for their location connected Sheep Pond Rd from their neighbor, Don Vaccaro, a businessman who owns nan spot adjacent door.

Vaccaro swooped successful to acquisition nan endangered location for a specified $200,000.

'All wintertime I had been really frantically trying to spot if immoderate of nan organizations would see taking nan location and moving it, and we would thief pinch nan costs of moving,' Jane said. 'I didn't want to spot it autumn into nan water aliases get demolished. But I had nary luck whatsoever.'

'We said 'Whoa! We're not going to opportunity no',' Carlin added.

'You don't want to waste to personification erstwhile you cognize a large wind could return it retired adjacent week,' Carlin said erstwhile asked why they didn't put nan location connected nan market. 'We wanted to beryllium ethical and honorable astir it. Then this occurrence dropped from nan entity supra and we sold it to him for nothing.'

'It was truthful affectional nan different time leaving nan location for nan past time,' she added. 'But we are really conscionable fortunate also. I'm not emotion sorry for myself astatine all. Given nan dire lodging business connected Nantucket, we're conscionable grateful for nan clip we had there.' 

Vaccaro, who rents retired his adjacent spot for up to $13,000 per week, is good alert astir his caller acquisition's fate. 

'Basically, nan location whitethorn not past much than six months,' Vaccaro said. 'Inevitably nan water will win. The location is only temporary, everything successful life is temporary.'

'Since we ain 26 Sheep Pond Road location are immoderate imaginative things we tin do to widen nan life of nan location and moreover if nan location is destroyed we whitethorn person further land,' he said. 

'We besides scheme to instrumentality immoderate erosion mitigation strategies that will apt widen nan clip earlier nan location becomes inhabitable. The easiest is oversea writer planting – which should beryllium done wrong weeks. The 2nd is V-shaped, low-height (less than 1 foot) bio-degradable silt fencing, which has been successful successful a fewer different areas to a degree.'

The idyllic land of Nantucket, playground to nan rich | and famous, could beryllium wiped disconnected nan representation wholly by nan extremity of nan century, according to alarming projections.

This summertime hotspot, known for its pristine beaches and quaint cobblestone streets, is facing an existential threat arsenic rising oversea levels frighten to engulf ample parts of nan island.

According to information from nan National Oceanic and Atmospheric Administration (NOAA), overmuch of nan land could submerge by 2100.

Nantucket is besides expected to acquisition 1.15 feet of oversea level emergence by 2040, 2.36 feet by 2060, 4.36 feet by 2080, and 6.66 feet by 2100.

These projections whitethorn conscionable beryllium nan extremity of nan iceberg arsenic they don't relationship for different factors specified arsenic destructive storms, powerful waves and further erosion.