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Not too long before that, another property exchanged hands for a princely sum of $36 million in 2022, as confirmed by real-estate data firm the Warren Group. High demand combined with limited availability have driven prices to astronomical heights. This year, venture capitalist Evan Jones and his wife, Cindy Jones, managed to fetch $38.1 million for their Nantucket waterfront compound, despite initially listing it for a cool $56 million. Today, Barstool Sports is known for producing online content, podcasts and videos, with Portnoy himself hosting the popular online show “One Bite Pizza Reviews,” where he traverses the globe in pursuit of the perfect slice. But the deal didn’t stop at the purchase price; it also included an additional $2 million worth of lavish furnishings and other opulent items, the outlet reported.
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It’s laden with mismatched throw pillows—a perfect spot for curling up with a good book. A pair of George Smith armchairs, upholstered in blue linen and navy piping, are gathered around a custom-designed wooden coffee table from Fern NYC. Portnoy appeared Tuesday on "Varney & Co," where host Stuart Varney at one point asked the Barstool Sports founder whether he had chosen Nantucket versus Martha’s Vineyard based on politics.
Dave Portnoy's $42 million Nantucket home breaks record
Barstool Sports founder Dave Portnoy 'drops $42MILLION on waterfront Nantucket compound featuring a swimming p - Daily Mail
Barstool Sports founder Dave Portnoy 'drops $42MILLION on waterfront Nantucket compound featuring a swimming p.
Posted: Fri, 29 Sep 2023 07:00:00 GMT [source]
On the island, every home, every landscape, and every detail of the built environment must be reviewed by this elected board of architects, builders, and preservationists. "Not only is this a record sale for Nantucket (eclipsing the prior record of $38M), but also the highest sale in the Commonwealth of Massachusetts," Dunlap said. The Wall Street Journal reported Portnoy’s eye-popping $42 million purchase on Sept. 29. The home, built on a pair of land parcels totalling 1.2 acres, sits near the sea shore in Monomoy, part of Massachusetts’ island of Nantucket, according to the outlet. Portnoy’s reported purchase tops the summer sale of a nearby home that went for $38.1 million. Barstool fans, after seeing what $2 million gets you in Nantucket, were pretty shocked.
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In 2015, The Wall Street Journal reported tunnels were becoming more common as a unique amenity for wealthy homebuyers. The properties at 72 and 68 Monomoy Road were sold in March 2016 by the Anathan family to two blind trusts for a combined $13.3 million. The existing dwellings were then torn down and the properties were completely redeveloped. Earlier this year, prolific property collector Dave Portnoy bought a humble ranch-style house in the Saratoga Springs neighborhood of Upstate New York, just steps from the area’s famed thoroughbred race track.
Rhode Island News
The Massachusetts Gaming Commission last year approved a license for a Barstool-themed betting book at Plainridge Park Casino in Plainville, but not before raising questions about past comments made by Portnoy. Both the buyer and the seller were represented in the deal by the Nantucket firm Lee Real Estate. Broker Shellie Dunlap represented the seller, while agents Peter Engen and Bruce Beni represented Portnoy.
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Barstool Sports founder Dave Portnoy has bought a waterfront Nantucket estate for $42 million, according to published reports, a record price for the tony island. Completed around 2018, the spread is now spotlighted by a four-bedroom main house boasting casual yet elegant interiors highlighted by a double-height entry foyer displaying a sculptural staircase, plus bi-folding glass doors overlooking sweeping views of Nantucket Harbor. The 1.2-acre harborfront home on Nantucket reportedly purchased by Barstool Sports founder Dave ...
Rhode Island
Pampr has been piloting its services on Nantucket for two summer seasons and is preparing to launch its first new market this winter. Dave, we just interviewed a local business you may want to support, they could be a big help when you visit your new property. Portnoy recently bought back his sports media site from Penn Entertainment, exiting the sportsbook industry.
Portnoy indicated in a social media post that he is the buyer of a new Nantucket property. The transaction, which Lee Real Estate confirmed in a statement to Forbes, includes another $2 million in furniture, the Current reported. The sellers acquired adjacent parcels for a combined $13.3 million back in 2016, only to raze two existing homes and replace them with the compound that now graces the island. Sources told the Wall Street Journal, which was the first to report on the transaction, that the seller of this property is a pair of trusts with intriguing names — the MAK Daddy Trust and MAK Shack Trust.
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A $4 box of cereal in a mainland Walmart will cost close to double on the island (something I became very familiar with when I visited Haines, Alaska for Ghost Hunters and on vacation in Block Island with my brother the same year Portnoy purchased his home). According to their founder, “This year, we have focused on improving our technology by automating our ordering process for customers and fulfillment process for couriers. Pre-arrival delivery for travelers checking into vacation rental homes has proved to be the core of our business. In August, we launched a gig-courier system, enabling local community members to sign up, fulfill orders, and earn premium wages through Pampr’s platform.” This has not only created earning potential for locals but has also increased the capacity for Pampr. The company declined to confirm reports that Portnoy had purchased the estate, identifying the buyer as Ferry Views LLC and the seller as Mak Daddy Trust & MAK Shack Trust.
Nantucket-based Lee Real Estate was involved in the transaction, with broker and rental specialist Shellie Dunlap on the sell-side and sales and rental agent Peter Engen on the buy-side, The Journal reported. And despite there being some Redditors who don't think his place in Nantucket is ultimately worth it, there are plenty others who, knowing the area, think it's a great home. Besides, the controversial Barstool founder seems to be enjoying the home, and he's the one living in it, so there's that. For example, when it comes to trash removal and collection, instead of placing your refuse in bins outside of your home to be gathered by a waste management company, homeowners must keep the garbage in bins or barrels away from the curb until scheduled pickup days.
Landscape materials and plantings were kept to a minimum, with bluestone for pavers and exposed concrete for walls. Ahern selected bayberry and beach grass for the sand dunes, using pines and hawthorns for screening. “The simple collaboration of elements helps create an elegant and unique seaside landscape,” she says. Peter Engen of Lee Real Estate, who represented Portnoy in the deal, declined to provide comment when reached by Insider.
Although the photos are dated by a few years, the specs listed on the place, along with the photos, show off a lot of space. It's a solid 2,256 square feet with five bedrooms and four bathrooms along with a gorgeous swimming pool in its sizable backyard and a playground. The 1.2-acre compound is located in the Monomoy area, "on one of Nantucket's most enviable sites," according to Workshop/APD, the architecture and design firm behind it.
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