Let’s face it: if you have $37 million in the bank, you can afford to live just about anywhere. And yet Blue Heron Farm, on the shores of Tisbury Great Pond in Chilmark, is as lovely a place as any. The secluded waterfront estate rose to prominence when it served as the summer White House for the vacationing Obama family for three years. Later, it was sold to famed architect Norman Foster. This summer, the house at 41 Cobbs Hill Road was reportedly purchased by former Victoria’s Secret CEO Les Wexner. Should he find the 7,846-square-foot main house too confining, the new owner will also have access to a boat house, a five-bedroom guest house, a design studio, gym, tennis court, staff housing, and a 150-year-old barn.
The Crunch
15: Number of properties sold in the month prior to publication. Down from 28 during the same time frame in the previous year.
347: Number of properties on the market at the time of publication. Up from 282 in the year prior during the same time frame.
$3.8 M: Highest price paid for a property in the month prior to publication: a commercial building on a 0.89-acre lot on State Road in
Vineyard Haven.
$515 K: Lowest price paid for a property in the month prior to publication: a 0.46-acre lot on Deer Run Road in Oak Bluffs.
$1.4 M: Median price of properties sold in the month prior to publication.
70: Percentage of Island Housing Trust’s ninety rentals and seventy-six ownership units dedicated to lower income Islanders.
Based on arms-length transactions recorded by LINK, the Island's multiple listing service.
