Most Expensive Zip Codes: 02554, Estate of the Day

by Deidre Woollard (RSS feed)
Mar 27th 2008 at 1:01PM

For the next couple of weeks we will be checking out some homes in the most expensive zip codes in the United States, up today, 02554. This zip code is is on the island of Nantucket off the coast of Cape Cod in Massachusetts. While not the best place to wait out a long winter (it's a 30-mile ferry ride from the Cape) it is a very popular place to spend the summer months. This zip code has a median price of $1,550,000 and an appreciation rate of 321% since 1990.

Today's home is a newer build but it has many of the qualities associated with Nantucket homes includes a shingled exterior, plenty of clean white walls and blue accents, a widow's walk and views of long sandy beaches and the Atlantic Ocean. This nearly two-acre property is located in the Squam area of the island and is actually two houses on one property, a four-bedroom main house, and a two-bedroom guest house with a pool and spa. This property is listed at $11.75 million.

Gallery: Most Expensive Zip Code, 02554, Nantucket

Tags: 02554, estate of the day, luxury real estate, massachusetts real estate, most expensive zip codes, MostExpensiveZipCodes, nantucket

Filed under: Estates

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Reader Comments (Page 1 of 1)

zzoeyy Mar 27th 2008 11:10PM

ooooh nice. Nicely decorated.

Chase Mar 28th 2008 3:28AM

From someone who owns a house on the island. Nantucket is a place unlike any other, it has a charm that can't be found anywhere off the island. There's just something about the place that makes me long for summer all through the winter (and thats coming from a lifelong skier). Opening the house up in late May is one of the best feelings in the words. Also, the fastest ferry ride is an hour (not 30-min), though if you want a car you're looking at a solid 2hours 15minutes.