
1 Reeds Way Nantucket, MA 02564
Estimated payment $54,426/month
Highlights
- Very Popular Property
- Spa
- Deck
- Ocean Front
- 2.78 Acre Lot
- Furnished
About This Home
A once in a life time opportunity to own this extraordinary six-bedroom, five-bathroom residence on nearly three acres of premier oceanfront, rising 45 feet above sea level with expansive decks soaring to approximately 65 feet. The result: uninterrupted, panoramic views of the Atlantic—capturing the island’s most breathtaking sunrises and sunsets from dawn to dusk.
In 2025, the property underwent a comprehensive transformation, blending timeless Nantucket character with modern luxury. Upgrades include a new cedar roof and shingles, refreshed trim and exterior lighting, extended decking, high-efficiency heating and hot water systems, updated interior electrical, and beautifully reimagined landscaping with retaining walls and expanded lawns.
The resort-caliber outdoor amenities are designed for both relaxation and entertaining: a heated pool, hot tub, outdoor kitchen, twin outdoor showers, and a brand-new poolside cabana with full basement. Custom-designed easy sloping stairs provide direct access to the beach, creating seamless transitions from ocean swims to gatherings on elevated terraces.
Move-in ready today yet offering abundant potential for personalization, this is a rare opportunity to own one of Nantucket’s most elevated and inspiring oceanfront settings.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $19,710
Year Built
- Built in 1979
Lot Details
- 2.78 Acre Lot
- Ocean Front
- Property is zoned LUG3
Interior Spaces
- 3,676 Sq Ft Home
- Furnished
- Ocean Views
- Basement
Bedrooms and Bathrooms
- 6 Main Level Bedrooms
Outdoor Features
- Spa
- Deck
- Patio
- Porch
Utilities
- Well
- Septic Tank
- Cable TV Available
Listing and Financial Details
- Tax Lot 902
- Assessor Parcel Number 319
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $19,146 | $5,837,100 | $3,722,800 | $2,114,300 |
2024 | $18,270 | $5,837,100 | $3,722,800 | $2,114,300 |
2023 | $15,777 | $4,914,800 | $3,547,300 | $1,367,500 |
2022 | $16,700 | $4,465,300 | $3,105,100 | $1,360,200 |
2021 | $15,702 | $4,325,700 | $3,105,100 | $1,220,600 |
2020 | $12,937 | $3,749,800 | $2,513,600 | $1,236,200 |
2019 | $12,589 | $3,746,800 | $2,510,600 | $1,236,200 |
2018 | $12,188 | $3,452,700 | $2,507,500 | $945,200 |
2017 | $10,888 | $3,211,700 | $2,396,900 | $814,800 |
2016 | $9,492 | $2,825,100 | $2,028,200 | $796,900 |
2015 | $9,325 | $2,583,000 | $1,857,700 | $725,300 |
2014 | $9,712 | $2,583,000 | $1,857,700 | $725,300 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/06/2025 09/06/25 | For Sale | $9,995,000 | -- | $2,719 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Land Court Massachusetts | -- | -- | |
Land Court Massachusetts | -- | -- | |
Land Court Massachusetts | -- | -- | |
Land Court Massachusetts | -- | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $10,000 | No Value Available | |
Open | $100,000 | No Value Available | |
Open | $2,620,000 | No Value Available | |
Closed | $3,500,000 | No Value Available | |
Closed | $3,000,000 | No Value Available | |
Previous Owner | $2,045,000 | Purchase Money Mortgage | |
Previous Owner | $2,000,000 | Purchase Money Mortgage | |
Previous Owner | $630,000 | No Value Available |
About the Listing Agent
Morgan's Other Listings
Source: LINK
MLS Number: 92590
APN: NANT-000-924-000-000-0003-19-000-000
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