An exceptional 4-acre waterfront property in Aquinnah with private beach, high-end house, guesthouse, and beautiful gardens and grounds, 3 & 5 Skippers View sold on 2/3/15 for $6,500,000. This sets a new high for real estate transactions in this remote, western-most town on Martha's Vineyard. The previous highest priced property sale was 14 Moshup Trail which sold in July 2009 for $3,600,000 and was combined with a $400,000 beach lot for a total of $4,000,000. The house at 14 Moshup was rebuilt after this purchase. This level of investment is somewhat new for the town, but not isolated. Several other property owners in the area are invested in this range. Skippers View just happens to be the first to sell. As more buyers begin to understand the tranquility of Aquinnah, along with the beach and water access on all sides (it’s almost an island of its own), we may see this investment trend continue.
The Skippers View sale follows what was an extremely busy year for the small market of Aquinnah. In 2014, Aquinnah saw a 79% increase in the number of transactions, growing from 11 in 2013 to 19 in 2014. The total dollar volume for Aquinnah in 2014 rose 81% from $10.7mm in 2013 to $19.3mm in 2014. Average price in Aquinnah was up 5% to $1.018mm (from $969k in 2013). In this small market, just a few sales make a huge difference in market performance, and in 2014 all segments (entry, mid, and high-end) had a few more sales than typical for this market, resulting is a very strong year for the town.