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Nantucket's $18M 'Sconset Bluff Mansions Are Falling Into the Sea — And They Can't Stop It

Edge of Value

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Nantucket's $18M 'Sconset Bluff Mansions Are Falling Into the Sea — And They Can't Stop It

254 просмотра · 8 дн. назад
Edge of Value
3 подписчика
254 просмотра · 8 дн. назад
On Nantucket's eastern edge, the exclusive Baxter Road simply stops. Seventy feet below, the Atlantic Ocean is patiently swallowing the 20,000-year-old glacial bluff — taking pieces of the island's most historic and expensive real estate with it. With erosion now stealing up to 40 feet in a single winter, the owners of these eight-figure summer estates are resorting to extreme measures. For the third time in a century, historic mansions are being sliced in half, jacked onto steel beams, and dragged inland to escape a cliff that refuses to hold still. But outrunning the ocean is only half the battle. We break down the logistical nightmare of relocating a mansion block-by-block, the uninsurable reality of one home that fetched $1.53 million in 2007 and later sold for just $899,000, and the bitter two-decade legal war over buried "geotubes." While fifty wealthy families spend millions armoring the bluff, environmentalists argue these defenses are silently destroying the public beach below. Should a group of private homeowners be allowed to alter a public coastline to save their summer estates — or is 'Sconset the ultimate proof that no amount of money can stop the ocean from taking back what belongs to it? Let us know in the comments. #nantucket #luxuryrealestate #coastalerosion #massachusetts #eastcoasttravel