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For sale
    • Price cut: $245K (7/10)
    $8,750,000

    1 Reeds Way, Nantucket, MA 02554

    6beds
    3,676sqft
    : 
    $50,944/mo
    Get pre-qualified
    Single Family Residence
    Built in 1979
    2.78 Acres Lot
    $-- Zestimate®
    $2,380/sqft
    $-- HOA

    What's special

    Extended deckingHot tubOutdoor kitchenUpdated interior electricalSix-bedroom five-bathroom residenceResort-caliber outdoor amenitiesTwin outdoor showers
    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: 18' x 36' 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.
    239 days
    |
    2,811
    |
    184
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Gary Winn & Morgan Winn,

    Maury People Sotheby's International Realty

    Source: LINK,MLS#: 92590

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 5
      • Full bathrooms: 5
      • Main level bedrooms: 6
      Heating
      • GFHA
      Appliances
      • Included: Stove: Wolf Electric, Washer: 2 Maytag
      Features
      • A, AC, Ins, Irr, OSh, Floor 1: The ground level houses all six bedrooms divided between two wings. To the left upon entry, a hallway leads to two queen bedrooms and a shared full bath. Straight back from the entry is the two-level master suite with sitting area, luxe bath and sliding glass doors out to the yard and ocean. Along the hallway to the master are three bedrooms and a large shared bath with laundry., Floor 2: The second floor is comprised of three areas; a large open living room with sliding glass doors to the various decks and incredible ocean views. The space is crowned with towering cathedral ceilings and exposed beams. The gourmet kitchen and dining area share access to the living room and views. There is an armada of gourmet appliances (Wolf, Thermador, SubZero), granite counters, and lots of cabinetry. At the back of the house is a large, yet cozy den with over sized fireplace, built-in bar, and again, cathedral ceilings, as well as a spacious shower bath.
      • Flooring: Hardwood
      • Basement: Unfinished.
      • Has fireplace: No
      • Fireplace features: 3
      • Furnished: Yes
      Interior area
      • Total structure area: 3,676
      • Total interior livable area: 3,676 sqft

      Property

      Parking
      • Parking features: Ample
      Features
      • Exterior features: H/Tub, P/Pool, Patio, Porch, Deck
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      • Frontage type: Oceanfront
      Lot
      • Size: 2.78 Acres
      • Features: See Deed, Yes
      Details
      • Additional structures: Brand New Cabana with half bath. All new plumbing, electric, flooring & shiplap. New outdoor kitchen.
      • Parcel number: 319
      • Zoning: LUG3

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Concrete block
      Condition
      • Year built: 1979
      • Major remodel year: 2025

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Cbl

      Community & HOA

      Location
      • Region: Nantucket

      Financial & listing details

      • Price per square foot: $2,380/sqft
      • Tax assessed value: $5,837,100
      • Annual tax amount: $19,710
      • Date on market: 9/6/2025
      • Listing agreement: E

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $7,575/mo

        Price history

        DateEventPrice
        7/10/2026Price change$8,750,000-2.7%$2,380/sqft
        Source: LINK #92590 Report a problem
        3/21/2026Listed for sale$8,995,000-10%$2,447/sqft
        Source: LINK #92590 Report a problem
        12/30/2025Listing removed$9,995,000$2,719/sqft
        Source: LINK #92590 Report a problem
        9/6/2025Listed for sale$9,995,000$2,719/sqft
        Source: LINK #92590 Report a problem
        8/30/2025Listing removed$9,995,000$2,719/sqft
        Source: LINK #91596 Report a problem
        7/23/2025Price change$9,995,000-9.1%$2,719/sqft
        Source: LINK #91596 Report a problem
        6/18/2025Price change$10,995,000-17%$2,991/sqft
        Source: LINK #91596 Report a problem
        8/25/2024Listed for sale$13,250,000$3,604/sqft
        Source: LINK #91596 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$19,146 +4.8%$5,837,100
        2024$18,270 +15.8%$5,837,100 +18.8%
        2023$15,777 $4,914,800 +10.1%
        2022-- $4,465,300 +3.2%
        2021$15,702 +21.4%$4,325,700 +15.4%
        2020$12,937 +2.8%$3,749,800 +0.1%
        2019$12,589 +3.3%$3,746,800 +8.5%
        2018$12,188 +11.9%$3,452,700 +7.5%
        2017$10,888 +14.7%$3,211,700 +13.7%
        2016$9,492 +1.8%$2,825,100 +9.4%
        2015$9,325 -4%$2,583,000
        2014$9,712 -23.3%$2,583,000 -25.2%
        2013$12,668 -3.5%$3,451,700 -4.8%
        2012$13,124 +1.1%$3,625,500 +0%
        2011$12,975 +11.6%$3,624,300 -6.1%
        2010$11,624 -1.7%$3,861,800 -9.9%
        2009$11,829 +3.4%$4,285,900
        2008$11,443 +8.8%$4,285,900 +1.5%
        2007$10,519 +7.4%$4,224,600 +22.5%
        2006$9,794 -12.6%$3,448,600 +1.6%
        2005$11,204 +42.9%$3,395,300 +35.5%
        2004$7,843 -7.8%$2,505,800 +0.7%
        2003$8,507 +29.8%$2,487,500 +49.5%
        2001$6,556 $1,664,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 02554

        Getting around

        4 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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