Nantucket, MA - *Absolute Above 1M* 3.31+/-ac Lot in Shawkemo w/ Water Views

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3.31+/- acre Oversized Lot in the "Shawkemo" Section of Nantucket, Offering Elevated Views of Nantucket Harbor & Nearby Conservation Land

JJManning Auctioneers is proud to offer this increasingly rare 3.31+/- acre prime residential lot in the exclusive and highly desirable Shawkemo area featuring beautiful luxury estates. The home built in this picture perfect spot will offer second floor views of Nantucket Harbor and an abundance of conservation land over which there are spectacular sunrises and sunsets. This oversized lot affords plenty of privacy and the potential for construction of a main house, guest house, garage, pool, and tennis court or other resort amenities that will provide endless opportunities for relaxation and the pursuit of an active outdoor lifestyle near the bike trail, hundreds of acres of conservation land, and miles of ocean beaches in one of the eastern seaboard's most prestigious destinations, the elegant grey lady of Nantucket.    

Absolute* Auction: Fri., October 24, 2008 at 2:00 p.m. Bid Live on Auction Site or Online.
Auction Site: The White Elephant - 50 Easton St., Nantucket, MA

*The property will be sold absolute to the highest bidder above $1 million

APPRAISED VALUE (6/08): $2,200,000
SITE AREA: 3.31+/- acres
ZONING: Residential LUG3 (120,000 sf., 200 ft. frontage)
FRONTAGE: 288+/- ft.
APPROXIMATE DIMENSIONS: 288' x 491' x 308' x 480'
TOPOGRAPHY: Rolling with highest elevation at rear nearest the harbor
COUNTY: Nantucket
PROPERTY ID: Map 44 Parcel 129
LAND COURT CERTIFICATE: 19433, Div. Lot 7
FEMA FLOOD ZONE: C, non hazard
FEMA MAP: 2502300009D 7/2/92
UTILITIES AT STREET: Electric, phone & cable
NOTE: See Property Information Package for 8-bedroom Title V septic plan created in 2002
TAX ASSESSMENT: $922,600
RE TAXES (2008): $2,529.23

Terms of Sale: 10% deposit of which Twenty-Five Thousand Dollars ($25,000.00) must be presented in cash, certified or bank check. Remainder of the 10% deposit in wire transfer, cash, certified or bank check by 5 pm ET on Tuesday, October 28, 2008. Balance in 45 days. 10% Buyer's Premium. Other terms, if any, announced at the sale.

Online Bidding Terms: Visit website for details, mandatory 72 hour pre-registration.

Buyer's Broker Terms: 2% Broker Commission Offered. Visit http://www.JJManning.com, mandatory 48 hour broker pre-registration.

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JUSTIN MANNING
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