Jul 9, 2022

jVen Capital’s Evan Jones with 20 Berkeley Avenue (jVen, Compass) Will 500 feet of Nantucket beachfront persuade a buyer to spend $19 million more than anyone ever has for a home there? Venture capitalist Evan Jones and his wife, wildlife photographer Cindy Jones, have listed their estate on the island off Cape Cod for $56 million, the Wall Street Journal reported . According to the brokers, a sale at that price would shatter the previous record for the area, a $37 million sale in April. The estate, at 20 Berkeley Avenue, spans more than 15,000 square feet on Nantucket Harbor, including three structures. The Joneses purchased the three-and-a-half-acre property in 2006 for $16 million, but have since added many features. They custom-built the 11,000-square-foot main house, which has four bedrooms. Highlights include a billiards room, a sauna and several bars. There’s also a relatively new two-bedroom guest house and a four-bedroom guest house more than a century old. Read more The estate has 500 feet of waterfront and 3,000 square feet of patios, porches and decks. The Joneses used the sprawling estate as a vacation home, which is not unusual for even the largest homes on the island. According to the publication, they plan to downsize in Nantucket while spending more time at homes in Jackson Hole and Hawaii. Compass’ Shelly Tretter Lynch and Marybeth Gilmartin-Baugher have the listing . The average home sale price in Nantucket during the first five months of the year was $3.9 million, according to the Compass team. That was an increase from last year as the housing boom has not bypassed the wealthy enclave and its surrounding areas . In April, Boston Red Sox owner John Henry closed on a waterfront property in Nantucket for $25 million. He was expected to close on an adjacent property shortly after; they were marketed together for $42.5 million. The properties combine for 18,000 square feet with 10 bedrooms and 15 bathrooms.