# 3: Price, Price, Price

Nantucket Magazine Joe Scarborough & Mika Brzezinski

By all accounts Nantucket island is one of the most exclusive vacation destinations in the Northeast of the United States, attracting celebrities and visitors from around the globe. It is not unusual during the summer months to bump into John Shea (writer and director of “The Grey Lady” – a romantic comedy filmed in Nantucket), Bill Belichick (New England Patriots coach), Joe Scarborough and Mika Brzezinski, as well as other celebrities. This is especially true during one of the many summer festivals that make Nantucket such a special place, like the Wine Festival, Book & Film Festival, and many others. However, such notoriety comes with a price. During the peak months of July and August, Nantucket rentals fall into three major classes. These are: 1) Modest – weekly rentals in the $4,000 to $9,000 per week; 2) Typical – weekly rentals between $10,000 and $18,000 per week; and 3) the Very Best - $18,000 to “the sky is the limit rental.”

Modest rentals – what you can expect?: As mentioned previously, a modest rental will be priced at between $4,000 and $9,000 per week for a 3/4 bedroom, 2/3 bathrooms house where there are no expectations of water views or being near the water. In this price category, your rental will be most likely located in one of four areas – Madaket, Tom Nevers, Naushop and Nashaquissett. Amongst these, Madaket happens to be my favorite because it provides renters with great access to the beach, the Madaket Bike Path, Smith Point for fishing, and Madaket Millie’s for sunset dinners. I have two favorite rentals in this category. They are 3 Rhode Island Avenue, a four bedroom upside down house with wrap-around views of Hither Creek which rents from $4,200 to $5,200 during the summer, a true bargain.

Typical rentals – what can you expect?: For $10,000 to $18,000 per week you can expect to rent a recently renovated property on the island with lots of space, 4 bedrooms/3 bathrooms, a great yard and good proximity to the beach. Such homes are present anywhere on the island, but some of my favorites are: 14 Norwood Street in Tom Nevers, a 5 bedroom/4 bathroom property ideal for multigenerational families (it has a separate 1 bedroom/1bath cottage with a full kitchen, and laundry facilities), great yard and quick access to both Tom Nevers and Sconset beaches. At $11,900 per week, this one is quite a bargain. My 2nd favorite are actually two, 5a Pawguvet and 5b Pawguvet Street in Brant Point. Both of these properties are recently renovated, with lots of space (4 bedrooms/3 bathrooms, views of Jetties beach and the Nantucket Sound, and lovely kitchens. Both properties rent at around $12,000 per week. My third favorite in this category is 81 Orange Avenue.  This traditional Nantucket home on Orange Street has been tastefully updated and expanded to blend old Nantucket charm and modern conveniences in perfect harmony. The property offers over 5,000 square feet of living space, including a bright and beautiful gourmet kitchen, sun-lit parlor and formal dining room with fireplace. It has 5 bedrooms, and at $16,000 per week within walking distance to the center of town, it is a true bargain.

The Very Best – what can you expect?: The sky is the limit in this category. You can rent a 6 bedroom/6 bathroom estate in Tom Nevers, with heated pool and private tennis court for around $55,000 per week; a 12 bedroom estate in Dionis with a rental price tag of $450,000 for the 13 weeks of the summer, or the perfect waterfront property in Eel Point at $25,500 for the week. My favorite in this category happens to be a 6-acre modern property with 270 degree views of the ocean, the island of Tuckernut, and the marshes that rents for $25,500 per week. This property is ideal for those seeking communion with nature. Because of this, 189 Eel Point is considered a true bargain for a property of this nature.