West Tisbury's Priced Sales Range From $110,000 to Nearly $9 Million

WEST TISBURY -- The Dukes County Registry of Deeds recorded eight property transfers in West Tisbury between July 24 and Aug. 22, with a $8,958,400 sale on Naushon Road standing as the period's largest transaction. Four of the eight recorded transfers list a sale price; the other four, including three separate Pond Road properties, have not yet shown a price in registry data.

MARKET OVERVIEW Eight deeds were recorded in West Tisbury during the period. Of those, four list a sale price, ranging from $110,000 to $8,958,400, with a median of $3,506,750. The remaining four transfers, including three Pond Road properties and one entry with no listed street address, have not yet shown a recorded price; that gap typically closes within about a week as registry data updates and does not indicate the price was withheld. Eight recorded transfers is a routine count for a one-month period in a small town, though with only four priced sales, the two transactions above $5 million carry significant weight in the overall range.

TOP SALES The largest transaction was 29 Naushon Rd, which transferred for $8,958,400 on Aug. 4. The seller was listed as Beach Pebble Road LLC and the buyer as Makonikey Vista LLC. The second-highest transaction was 130 Plum Bush Point Rd, which transferred for $5,000,000 on July 31; the seller was Sharon Tatro, trustee, and the buyer was JPMorgan Chase Bank NA. The third-highest was 35 Nats Farm Rd, which sold for $2,013,500 on Aug. 5; sellers Gaylen O. Mulderry and Daniel P. Mulderry transferred the property to Rachel Goldstein, trustee of the Nats Farm Lane Realty Trust. The fourth priced sale, 381 State Rd, transferred for $110,000 on July 24 from seller Karen Kanta Lipsky to buyer Martha's Vineyard Bank.

NEIGHBORHOOD BREAKDOWN Pond Road accounted for three of the period's eight recorded transfers: 115 Pond Rd, 35 Pond Rd and 86 Pond Rd. None of the three has a recorded price, and in each case the grantor and grantee share matching names or trust references, specifically the Callahan family at 115 Pond Rd, Robert K. Decelles and Mary L. Dupont moving into trustee roles at 35 Pond Rd, and Stephen D. Chapman transferring to his own revocable trust at 86 Pond Rd. Nats Farm Road saw two recorded transfers on the same day, Aug. 5: the $2,013,500 sale to the Nats Farm Lane Realty Trust, and a second entry with no street address and no recorded price, listing the same trust as seller and "Certificate of Trust" as buyer, which appears to be a related trust-document recording rather than a second property sale. Among the four priced sales, one fell under $500,000 (381 State Rd), one was in the $1 million to $3 million range (35 Nats Farm Rd), and two exceeded $5 million (130 Plum Bush Point Rd and 29 Naushon Rd).

MARKET NOTES Two of the four priced sales list a bank as the buyer: JPMorgan Chase Bank NA at 130 Plum Bush Point Rd and Martha's Vineyard Bank at 381 State Rd, the latter also recording the period's lowest price. No bedroom, bathroom or square-footage data was available for any property in this period, so no price-per-square-foot comparisons can be made. Three of the eight recorded transfers, all on Pond Road, show a grantor and grantee sharing the same surname or an individual transferring to their own revocable trust, a pattern consistent with estate-planning-type filings rather than open-market sales.

Recorded Deeds

Source: Registry of Deeds. Sale amounts shown as recorded; transfers without a disclosed consideration are noted as such.

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.