Two side-by-side cottages on Nantucket, each built in the 1920s, have listed for $2.5 million combined. The properties sit on adjacent lots and offer buyers flexibility. They can serve as a primary residence paired with a guest house, or operate both as short-term rental units to generate income.
The 100-year-old cottages appeal to several buyer profiles. Wealthy families seeking a New England retreat can occupy one home while hosting guests in the other. Investors targeting Nantucket's robust vacation rental market can lease both properties to tourists year-round, capitalizing on the island's premium nightly rates and seasonal demand. Owner-occupants appreciate the potential for rental income during periods when they're not using the property themselves.
At $2.5 million for two homes, the per-property valuation sits below typical Nantucket single-cottage prices, which often exceed $2 million individually. This dual-property structure may attract buyers who want real estate optionality without committing to a single-use purchase.
Nantucket's rental market remains competitive. Properties consistently command nightly rates between $300 and $1,000 depending on size and proximity to town. The island's seasonal tourism peaks in summer and early fall, when occupancy rates reach 80 percent or higher. Operational costs, property taxes, and seasonal volatility remain considerations for prospective landlords.
Buyers should evaluate whether renovation is needed. Homes built in the 1920s typically require updated systems, insulation, and infrastructure to meet modern standards and rental licensing requirements. Local zoning and short-term rental regulations in Nantucket also impose restrictions, including caps on rental permits and owner-occupancy requirements that vary by neighborhood.
For primary residence buyers, the dual structure reduces isolation and increases property appeal. For investors, the listing represents a