Active
2 Days on market
1 Pheasant Dr Nantucket — Photo 1 of 6

1 Pheasant Dr Nantucket — Photo 1 of 6

$1,990,000

1 Pheasant Dr, Nantucket, MA 02554

Nantucket, MA 02554

Investor Analysis

Beds

--

Baths

1

SqFt

700

Style

Single Family

Built

1983

Charming studio approx. 700 sq. ft. cottage main structure with approx. 400 sq. ft. auxiliary building and additional storage shed. Convenient mid-island cul-de-sac location, short walk to the NRTA bus stop. 6 year seasonal rental history. Managed by caretakers for 15 years. Well-maintained since 2020. The Property, including all improvements, structures, and systems, are sold in 'as-is, where-is' condition.

Market Value Analysis

This Property
Size (SqFt) →Price →

Limited sample — based on 4 comparable properties.

This Property$2843/sqft
Local Avg (Nantucket)$2431/sqft
17% AboveMarket Average

* Analysis is based on 4 actively listed and recently sold comparable properties strictly within Nantucket, MA.

Property Details

Financials

Original Price$1,990,000
Annual Taxes$4,275

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms4
Fireplaces1
FlooringWood, Vinyl
BasementFull, Walk-Out Access, Interior Entry, Concrete

Climate & Utilities

HeatingNatural Gas
CoolingWall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningR10

Property & Lot

Acres0.2
SqFt Lot8,920
Lot FeaturesCul-De-Sac, Corner Lot, Level

Amenities & Appliances

Electric Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation

Geography

Population

14,212

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$141K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

28.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Nantucket County

257 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 25 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

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: 350 sq ft (the lesser of 900 sq ft or half the 700 sq ft principal dwelling). Lot size: 8,920 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.

Listing Provided By

Listing Agent: Lisa Berry

Listing Office: Simply Sell Realty

MLS® Number: 73577617

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