Every house has a story, but some houses are more storied than most. Take the 1830s Federal-style home located at 62 South Water Street in Edgartown. Island legend has it that the home was once located on Chappaquiddick and relocated to the “mainland” after being floated “across ice in the harbor.” 

Once settled in its new location, it gained a rear addition, lost a front porch, and gained another addition to the west. Now, a new chapter is being written. In May, it sold for $4,500,000.

The corner-lot property, located two doors down from the Federated Church, features 2,807-square-feet of living space, 4 bedrooms, 3.5 bathrooms, and parking for two cars. It could use another front porch to replace the one that was lost. Then again, maybe the new owners could float one over from Chappy instead.

The Crunch

52 - Percentage that the price of a weekly rental has increased since 2019. Nantucket and the Cape rose by 14 and 44 percent, respectively.

30 - Number of properties sold in the month prior to publication. Up from 23 during the same time frame in the previous year.

239 - Number of properties on the market at the time of publication. Up from 154 in the year prior during the same time frame.

$5.2 M - Highest price paid for a property in the month prior to publication: a single-family home on Oyster Pond in the South Shore neighborhood of Edgartown.

$394 K - Lowest price paid for a property in the month prior to publication: a 0.11-acre lot zoned for a 3-bedroom septic design in the Central/Lagoon Heights neighborhood of Oak Bluffs.

$1.1 M - Median price of properties sold in the month prior to publication.