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141 Main Street Nantucket — Photo 1 of 11

141 Main Street Nantucket — Photo 1 of 11

$32,000,000

Investment Analysis — 141 Main Street

Nantucket, MA 02554 — Town

Based on HUD Small Area Fair Market Rent for Nantucket County, MA, a 7-bedroom in 02554 carries an estimated $5,260/mo in gross rent — about a 0.07% cap rate and $23,971/yr in estimated NOI at the $32,000,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

7

Baths

8.5

SqFt

7,509

Style

Single Family

Built

1835

Town & Country. The one you’ve been waiting for has arrived.Singular in its setting, scale, and design, 141 Main Street is unlike anything else on Nantucket. A grand approach from Upper Main Street introduces the celebrated George C. Gardner House, an elegant 1835 Greek Revival and one of the island’s most recognizable historic residences.Meticulously restored and maintained, the property brings together historic grace, thoughtful design, and gracious modern living. Extraordinary natural light fills every level of the main residence, while beautifully considered living spaces create an effortless flow among the kitchen, dining, family, and sitting rooms, extending naturally to the gardens and grounds.Four en suite bedrooms enjoy individual access to the pool, while the exceptional separation of space provides privacy for family and guests. The entire third floor is devoted to the private primary suite, including an office or sitting room and a sensational outdoor living room with expansive decking overlooking the pool, gardens, and privately owned, unbuildable open space beyond.Reoriented on the grounds by the current owners, the pool now sits perfectly at the back of the property. Easily accessible from both the main residence and the separate three-bedroom guest cottage, the pool and surrounding grounds create an incredible setting for outdoor living and entertaining.Set on more than half an acre with mature gardens, a private courtyard, pool, and guest cottage, this private estate offers the scale and seclusion of a country property in the heart of Town. A stroll down Main Street’s storied cobblestones leads to Nantucket’s celebrated restaurants, boutiques, galleries, museums, waterfront, and enduring island culture.There is simply nothing else like it. 141 Main Street is the ultimate expression of gracious in-Town living, your own private island resort in downtown Nantucket.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 7,509 sq ft principal dwelling). Lot size: 24,393 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$32,000,000
Annual Taxes$24,000

Parking

Garage2
Off-Street10

Interior Specifications

Total Rooms8
Fireplaces4
FlooringWood, Pine
BasementNone

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter
ZoningROH

Property & Lot

Acres0.56
SqFt Lot24,393
Lot Features--

Amenities & Appliances

Disposal

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Walk/Jog Trails • Stable(s) • Golf

Geography

Floorplan Breakdown

Structural Layout

Third
Living RoomDining RoomKitchenFamily RoomPrimary Bedroom
First
Bedroom 2Bedroom 3Bedroom 4
Living Room
Lvl Third
Dining Room
Lvl Third
Kitchen
Lvl Third
Family Room
Lvl Third
Primary Bedroom
Lvl Third
Bedroom 2
Lvl First
Bedroom 3
Lvl First
Bedroom 4
Lvl First
Listing Provided By

Listing Agent: Marybeth Gilmartin

Listing Office: Compass

MLS® Number: 73576533