$11,250,000
SOLD JUN 26, 2019
6 Beds
5.5 Baths
3,922 Sq Ft
11.5 Acres

Recently Sold

$2,868 Per Sq Ft

34% Below List Price

695 Days on Market

About This Home

As of June 2019

50 Oyster Watcha is one of the most extraordinary settings on Martha’s Vineyard. This property on Edgartown’s south shore has hosted first families and captains of industry, poets and politicians. Few can resist its charms. The house and guesthouse have sweeping views of the Atlantic Ocean over Oyster Pond and the barrier beach. The views are by all accounts the finest ocean views from any home in Oyster Watcha Midlands, as this was the first lot created in this community and was intended to be the “jewel in the crown.” The 11.5 acres of property includes 1,200 feet of private waterfront on Oyster Pond as well as close access to over 2,200 feet of sandy Atlantic beach. The ocean beach is accessible by boat or by traveling half a mile down a shaded country road by car, foot, bike, or your private all-terrain vehicle. The property includes an impeccably maintained 4-bedroom main house, 2–bedroom guesthouse, and boathouse. From the main house the pond, dunes, and Atlantic Ocean are beautifully framed, and you can see and hear the surf rolling onto the beach. Water views from the guesthouse showcase the dunes and Atlantic Ocean over the westernmost cove of Oyster Pond. The interiors of the 1,200 sq ft guesthouse are bright, open, and airy. While the existing structures are immaculate and extremely well-maintained, there is also vast scope for creating a compound of newer structures on the site. This is a canvas any architect would relish. A viewing stand located closer to the ocean designates the optimal location for a new, much larger main house. ABOUT OYSTER WATCHA MIDLANDS ASSOCIATION: This distinguished community is one of the most sought after locations on the Island. It is protected by covenants and restrictions for the enjoyment of owners present and future. The community is spread over 450 total acres and includes vast tracts of conservation lands, tennis courts, and private Atlantic beach with ample parking. There are only 15 building lots in this vast and unspoiled island paradise, and consequently ownership in this neighborhood rarely becomes available. This is a rare opportunity for the discriminating buyer.

Last Agent to Sell the Property

Mark Jenkins

Wallace & Co. Sotheby's Listed on: 05/15/2017

Last Buyer's Agent

Trish Lyman

Compass | Point B

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,444

Year Built

  • 1983

Lot Details

  • 11.5 Acre Lot
  • Property is zoned RA120

Home Design

  • 3,922 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Washer

Utilities

  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1.3
  • $12,014,800 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,444

Year Built

1983

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Frontage: Waterfront
  • Lot Features: Y
  • LotSizeAcres: 11.5
  • View: Ocean, Pond
  • Association Fees: 13600
  • Association Fee Inclusions: Oyster Watcha Midlands Association - Beach, Tennis, Common Land & Road Maintenance
  • Co List Office Mls Id: 741
  • Building Area Total: 3922
  • Has Fireplace?: No
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Possible Use: Edgartown Case File 235
  • Appliances: Stove: Gas Verona 5 burner range, Washer: Yes
  • Has Basement: Unfinished - Full basement in Main House
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: 2
  • Flooring: Fir
  • Interior Amenities: Ins,Irr,OSh, Floor 1: Separated into two wings by entrance foyer. One side for master suite with private bath and the other with 3 bedrooms., Floor 2: Half story up to the open living room and kitchen. Sliding doors to the deck and outdoor space.
  • Main Level Bedrooms: 4
  • Total Bedrooms: 11

Exterior Features

  • Pool Private: No
  • Exterior Features: WViews, Deck, Patio, C/Tennis, PvtBch, AscBch, Cov
  • Foundation Details: Concrete
  • Other Structures: Detached 480 sq. ft. boathouse/garage includes large open space/rec. area currently furnished with 2 bunkbeds and bathe. Guest house set approx 300' from main house includes two bedrooms and two baths.

Garage/Parking

  • Parking Features: Private parking for Main House and Guest House

Utilities

  • Heating: OFHA
  • Sewer: Septic Tank
  • Utilities: Cbl
  • Water Source: Well

Lot Info

  • Lot Size Sq Ft: 500940
  • Land Lease Expiration Date: 2020-02-15
  • Zoning: RA120

Multi Family

  • Number Of Units Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 29444.29
  • Tax Lot: 1.3
  • Tax Map Number: 41
  • Tax Other Annual Assessment Amount: 12014800
  • Tax Year: 2019

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2019 06/26/19 Sold $11,250,000 0.0% $2,868 / Sq Ft
06/26/2019 06/26/19 Sold $11,250,000 -5.9% $4,344 / Sq Ft
06/01/2019 06/01/19 Pending -- -- --
04/10/2019 04/10/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $11,950,000 -29.5% $4,614 / Sq Ft
05/15/2017 05/15/17 For Sale $16,950,000 -- $4,322 / Sq Ft
Source: LINK (Vineyard)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: LINK (Vineyard)

MLS Number: 31928

APN: EDGA M:0041 B:0001 L:3