Table Of Content
- Breaking News Alerts
- Sick of your blue state? These real estate agents have just the place for you.
- Dave Portnoy, founder of Barstool Sports, reportedly buys Nantucket home for record $42 million
- Martin Short Just Bought a Secluded L.A. Home
- Shop Amazon's 23 best deals right now: AirPods, DeWalt, more on sale
"Nantucket has always been my favorite place on earth," Portnoy said in a post on X (formerly Twitter). Portnoy’s new property is down the street from a 3.5 acre estate that set the state’s previous record in July when it sold for $38.1 million. Portnoy’s waterfront home purchase set a new record for Nantucket and the state of Massachusetts. The estate features a main house, guest house and studio that are connected by an underground tunnel. NANTUCKET, Mass. — Barstool Sports founder Dave Portnoy reportedly purchased a waterfront mansion on Nantucket for $42 million -- the most expensive real estate transaction in the history of the island and the entire state.
Barstool Sports boss buys a place on Nantucket - The Boston Globe
Barstool Sports boss buys a place on Nantucket.
Posted: Fri, 04 Mar 2016 08:00:00 GMT [source]
Breaking News Alerts
In August, we launched a gig-courier system, enabling local community members to sign up, fulfill orders, and earn premium wages through Pampr’s platform.” This has not only created earning potential for locals but has also increased the capacity for Pampr. Earlier this year, prolific property collector Dave Portnoy bought a humble ranch-style house in the Saratoga Springs neighborhood of Upstate New York, just steps from the area’s famed thoroughbred race track. By providing your information, you agree to our Terms of Use and our Privacy Policy. We use vendors that may also process your information to help provide our services.
Sick of your blue state? These real estate agents have just the place for you.
The prior record of $38.1 million, set in June, now seems like chump change in comparison. For something more casual, Nantucket is also home to killer sandwiches. The Straight Wharf Fish Store, where locals pick up fresh catches to cook at home, also serves prepared foods like lobster rolls, chowder, and a fried swordfish sandwich. The BLT, on home-baked Portuguese bread is beach fare at its best; while the avocado, chutney, and cheddar is salty-sweet perfection. The famous Terry Terrific, which comes with turkey, herb bread stuffing, and cranberry sauce, is another hit. Book far ahead and order some Champagne to pair with their oysters on the waterfront.
Dave Portnoy, founder of Barstool Sports, reportedly buys Nantucket home for record $42 million
Hill Gallery is a trove where oil paintings and Nantucket’s signature lightship baskets, made by the island's artisans, can be found. Find out what to prepare for and pick up the tools you’ll need at Virtual Inman Connect on Nov. 1-2, 2023. And don’t miss Inman Connect New York on Jan. 23-25, 2024, where AI, capital and more will be center stage. Barstool fans, after seeing what $2 million gets you in Nantucket, were pretty shocked. Nantucket, and other similar locations like Martha's Vineyard and Block Island, are known to have high costs of living.
Martin Short Just Bought a Secluded L.A. Home
Barstool Founder Dave Portnoy Pays $42 Million For Oceanfront Nantucket Mansion (That's Not A Typo!) - Celebrity Net Worth
Barstool Founder Dave Portnoy Pays $42 Million For Oceanfront Nantucket Mansion (That's Not A Typo!).
Posted: Fri, 29 Sep 2023 07:00:00 GMT [source]
PENN sold Barstool back to Portnoy last month as part of a $1.5 billion agreement the Pennsylvania-based company landed with ESPN for a new sportsbook called ESPN Bet. Portnoy filed a defamation lawsuit against Insider in February 2022, claiming the outlet “knowingly disregard[ed] the truth.” The suit was dismissed in November. The 1.2-acre pair of waterfront properties at 68 and 72 Monomoy Road feature a 5,200-square-foot main estate with a two-bedroom guest house and pool in Nantucket’s Monomoy neighborhood, giving the homeowner a sunset view over Nantucket Harbor and the island’s historic downtown. The mansion and guest quarters have six bedrooms, nine full baths and two half baths among them, according to Lee Real Estate’s listing. In the main house, it features "multiple sets of accordion glass walls evoking the feeling of being one with the harbor when open," the listing said.
New Hampshire News
The transaction, which Lee Real Estate confirmed in a statement to Forbes, includes another $2 million in furniture, the Current reported. Nantucket, often seen as an enclave of the elite, has seen its property prices soar since the onset of the pandemic. Today, Barstool Sports is known for producing online content, podcasts and videos, with Portnoy himself hosting the popular online show “One Bite Pizza Reviews,” where he traverses the globe in pursuit of the perfect slice. Shellie Dunlap, representing the sellers and hailing from Lee Real Estate, declined to comment.
The property now has a main residence designed by Andrew Kotchen of Workshop/APD, with four bedrooms and a primary suite with an indoor-outdoor shower and spectacular harbor views. The compound also includes a pool area and guest quarters, accessible via an underground tunnel. The founder of sports media company Barstool Sports, Dave Portnoy, has purchased a waterfront Nantucket estate for a record $42 million, The Wall Street Journal reported on Friday.
Portnoy recently bought back his sports media site from Penn Entertainment, exiting the sportsbook industry. The Massachusetts Gaming Commission last year approved a license for a Barstool-themed betting book at Plainridge Park Casino in Plainville, but not before raising questions about past comments made by Portnoy. NANTUCKET - Dave Portnoy, the founder of Barstool Sports who grew up in Swampscott, has reportedly bought a Nantucket home at a record-setting price. A person with knowledge of the sale confirmed to the Boston Globe that Portnoy was the buyer, and Portnoy appeared to provide confirmation on social media. Portnoy, who did not respond to messages seeking comment about the sale, previously owned real estate on Nantucket located on High Brush Path off Hummock Pond Road and has been a frequent visitor to the island for many years.
The buyer on the deed is listed as Ferry Views LLC, registered to local attorney John Brescher. The seller was listed as Steven Cohen as trustee of the Mak Daddy Trust and trustee of the MAK Shack Trust, according to property records. Nestled in the coveted Monomoy area, this prime piece of real estate sprawls across approximately 1.2 acres, showcasing views of Nantucket Harbor. Portnoy is best known for Barstool Sports, the company he started about two decades ago.
In August, the Massachusetts-native paid $1 to repurchase it, having previously sold it to PENN Entertainment for some $500 million, FOX Business reported. Two grantors appeared on Sept. 29 property records, while Ferry Views LLC did so as the grantee. The Wall Street Journal reported Portnoy’s eye-popping $42 million purchase on Sept. 29. The home, built on a pair of land parcels totalling 1.2 acres, sits near the sea shore in Monomoy, part of Massachusetts’ island of Nantucket, according to the outlet. The home sits on nearly a full acre of land, and the property includes a pool and a view of the ocean. Dave Portnoy, the polarizing founder of Barstool Sports and pizza maven, recently bought a luxe Nantucket compound for a record-breaking $42 million, the Wall Street Journal reported.
The sale marks the priciest deal to have ever been conducted on the island and in the state of Massachusetts, besting the previous record of $38.1 million, which was set in June. When reached for comment, both Dunlap and Engen confirmed they were involved in the sale. However, they declined to comment on whom the parties they represented were, with Dunlap saying the real estate company does not disclose details about clients. Compass’ Matt Breitenbach and Greg Gould represented both the buyer and seller in the off-market deal.
Portnoy also hosts an online show called One Bite Pizza Reviews, in which he tastes pizzas from around the world. If you're a fan of '80s flicks starring John Cusack, then you're probably very familiar with the most excellent comedy One Crazy Summer starring the 1408 star and Demi Moore. The movie's set on the idyllic island of Nantucket, which is not only responsible for providing delicious bottled juices, but an amazing New England atmosphere that's a top vacation destination (and home!) to celebrities like Dave Portnoy of Barstool Sports fame. Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you. "Not only is this a record sale for Nantucket (eclipsing the prior record of $38M), but also the highest sale in the Commonwealth of Massachusetts," Dunlap said.
The secret tunnel, reminiscent of something out of a James Bond movie, adds an element of intrigue. The sellers acquired adjacent parcels for a combined $13.3 million back in 2016, only to raze two existing homes and replace them with the compound that now graces the island. This off-market deal has not only set a new record for Nantucket, but has also smashed records across Portnoy’s native Massachusetts, as property records show. Nantucket home prices climbed steeply during the pandemic as demand in vacation markets surged while supply remained limited. Since then, price growth has calmed down a bit, however, and the median sale price of a home in Nantucket County was down 40.6 percent year over year in August to $3.24 million, according to Redfin. Portnoy sold his media company to Penn Entertainment for about $550 million in February 2023, and was able to purchase it back for $1 in August when Penn hit red tape with Barstool after signing a deal with ESPN.
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