Nantucket is an island located approximately 30 miles south of Cape Cod in Massachusetts. The island has a rich heritage as a fishing village and as the home port for the largest fleet of whaling vessels in the world. Nantucket’s whaling era is celebrated in Herman Melville’s classic novel Moby Dick which borrows from the real life tale of the whaleship Essex which was sunk by a whale.
Today, Nantucket is renowned as a resort destination with world class dining and boutique shopping. The island boasts more than 80 miles of pristine sandy coastline, the vast majority of which is open to the public. Through the wisdom of forward thinking and philanthropic residents and visitors, thousands of acres of land are owned by conservation organizations. More than half of the island’s total land area of 50 square miles is forever wild.
Nantucket is a thriving year-round community of approximately 12,000 residents. The Town of Nantucket operates one elementary school, one middle (junior high) school and one high school. The town is administered by an elected five member Board of Selectmen with the assistance of an appointed Town Manager.
Nantucket real estate values are among the highest in the country according to some metrics. In the latter half of the 2000s, total dollar volume of Nantucket real estate transactions topped $1 billion in consecutive years. Over the past three decades owners real estate on Nantucket have enjoyed value increases outpacing the gains of all major stock market indices.