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The house, bought for $200,000, was used for one week by its current owner. (Credit: Kit Noble)
A house on fire Nantucket Coast which had been seriously threatened by beach erosion has been demolished.
Workers demolished the house, located on the southern shore of Massachusetts Island, earlier this week. seconds the Nantucket Current.
A beachfront home at 28 Sheep’s Pond Lane in Nantucket, Mass., Tuesday, Jan. 14, 2025. The home, which was purchased last year for $200,000, was ordered demolished last month by the city due to the erosion of the adjacent beach. (Kit Noble)
Its demolition comes about half a year after Ticketnetwork Inc co-founder Don Vaccaro bought the waterfront property from its former owners in an offer of $200,000 during the summer of 2024.
City officials had reportedly decided in December that the house should be demolished.
MILLIONAIRE FORCED TO DEMOLISH NANTUCKET BEACH HOUSE
The sea had been creeping closer and closer to it over the years, with 10-20 feet of beach bordering it disappearing in the past six months, the outlet reported.
Photos showed a bulldozer destroying the two-story home and placing debris in a nearby dumpster.
A beachfront home at 28 Sheep’s Pond Lane in Nantucket, Mass., Tuesday, Jan. 14, 2025. The home, which was purchased last year for $200,000, was ordered demolished last month by the city due to the erosion of the adjacent beach.
FOX Business has reached out to the homeowner for comment.
A beachfront home at 28 Sheep’s Pond Lane in Nantucket, Mass., Tuesday, Jan. 14, 2025. The home, which was purchased last year for $200,000, was ordered demolished last month by the city due to the erosion of the adjacent beach. (Kit Noble)
Vaccaro, who also owns a neighboring property, told the Nantucket Current that he was able to “use it for a week with my family and my kids in both houses, which was a priceless experience, so it was worth it in the end worth it.”
“Unfortunately, the city wanted the house for safety reasons, and we complied with the city’s request even though the house was still structurally sound,” he said.
A beachfront home at 28 Sheep’s Pond Lane in Nantucket, Mass., Tuesday, Jan. 14, 2025. The home, which was purchased last year for $200,000, was ordered demolished last month by the city due to the erosion of the adjacent beach. (Kit Noble)
NANTUCKET BEACH HOMES STILL COVESTED BY BUYERS DESPITE HIGH RISK OF SWALLOWING BY SEA
A beachfront home at 28 Sheep’s Pond Lane in Nantucket, Mass., Tuesday, Jan. 14, 2025. The home, which was purchased last year for $200,000, was ordered demolished last month by the city due to the erosion of the adjacent beach. (Kit Noble)
The previous owners sold the house to Vaccaro for just $200,000 after receiving an “unexpected call” from him, the Nantucket Current reported last year. Property records viewed Friday indicated it had an assessed value of nearly $1.3 million.
Before their offer, they hadn’t put it up for sale because they said they “didn’t want to sell it to someone when you know a storm could take it out next week,” according to the outlet.
Vaccaro he said in a statement to FOX Business in early July of last year, shortly after the house changed hands, that he “had no illusions that the house would remain in place for more than a year, and bought it with the assuming it will be in the water.” in the spring of 2025.”
NANTUCKET BEACHFRONT HOME FOR SALE AT AN ABSURDLY LOW PRICE, BUT THERE’S A STICKER
Coastal erosion is a phenomenon that several areas of Nantucket have to deal with.
On the south coast, the island experiences annual beach erosion “in the middle” of 0.56 feet and 12.63 feet, the local government said on its website.
