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"Nantucket has always been my favorite place on earth," Portnoy posted to X, formerly known as Twitter. "I went from being able to afford renting for a day to a weekend to a week to a month to renting for the entire summer to buying a house to now buying a house beyond even my wildest imaginations." The compound boasts a main residence, a lavish pool area and separate guest quarters, all elegantly designed by renowned architecture and design firm Workshop/APD.
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Dave, we just interviewed a local business you may want to support, they could be a big help when you visit your new property. Shellie Dunlap of Lee Real Estate acted on behalf of the sellers; the buyer was repped by Peter Engen, also of Lee Real Estate. Not too long before that, another property exchanged hands for a princely sum of $36 million in 2022, as confirmed by real-estate data firm the Warren Group. Portnoy’s journey from founding Barstool as a humble gambling newspaper in Boston in 2003 to becoming a media mogul is nothing short of remarkable.
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For something upscale, head to nearby Dune for Atlantic halibut with coconut-lemongrass broth and chili-rubbed shrimp tostadas. For a good old fashioned Nantucket clam bake—replete with the essentials like steamers, mussels, clam chowder, lobster, corn on the cob, potatoes, butter, and broth—look no further than Sayle’s Seafood. Starting at $42 per person, the bake can be made to-go or catered; add-ons include shrimp cocktail, oysters on the half shell, and cheese platters. Surfside Beach is a little further out on the south of the island and accessible via bike path. Vast and sandy with a rougher surf, it attracts beachcombers scanning the shoreline in the mornings, kite flyers on the west end as the sun goes down, and surfcasters fishing in the evening. David Portnoy, the Barstool Sports founder known as “El Pres,” will be spending his summers off the coast of the Cape.
Portnoy's new house reportedly sits on 1.2 acres on the beach
The home, called “Path’s End,” boasts an in-ground pool, a stone patio, a small deck, and a few healthy blue hydrangea bushes. The almost one-acre property is also situated next to a sprawling conservation area. Portnoy is not new to Nantucket real estate, although the media exec hasn’t reached such great heights in the past — according to records, he previously purchased a home on Nantucket for about $2 million. The property’s two-bedroom guesthouse and a separate studio are connected to the main house by an underground tunnel. The property, which was completed around 2018, encompasses about 1.2 acres with 180-degree Nantucket Harbor and town views with direct frontage on the harbor.
Nantucket-based Lee Real Estate was involved in the transaction, with broker and rental specialist Shellie Dunlap on the sell-side and sales and rental agent Peter Engen on the buy-side, The Journal reported. That home is about 6,100 square feet in size, built in 1939 on a 1-acre lot. It also includes a pool, as well as nine bedrooms and eight-and-a-half bathrooms.
In 2016, the property’s sellers purchased the adjacent parcels and demolished existing homes that were on the lots. Then they constructed a new estate, which features a main residence, separate guest quarters and a pool. The main house was designed by Andrew Kotchen of Workshop/APD and features a primary suite with an indoor-outdoor shower and foldaway glass doors that open up to the harbor, Dunlap told The WSJ. The listing says there is a furnished beachfront main house and two guest quarters, all with "unrivaled harbor views from virtually every room, as well as the infinity pool and decks."
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There’s also a pool area, along with a detached guesthouse hosting a gym and media room. Completed around 2018, the spread is now spotlighted by a four-bedroom main house boasting casual yet elegant interiors highlighted by a double-height entry foyer displaying a sculptural staircase, plus bi-folding glass doors overlooking sweeping views of Nantucket Harbor. Portnoy’s purchase includes two separate lots at 72 and 68 on Monomoy Road that have been developed into a single property, the Nantucket Current reported. Barstool Sports founder Dave Portnoy has bought a waterfront Nantucket estate for $42 million, according to published reports, a record price for the tony island. The 1.2-acre harborfront home on Nantucket reportedly purchased by Barstool Sports founder Dave ... Hidden behind the main residence is a treasure trove that includes a two-bedroom guesthouse and a separate studio, all connected by an underground tunnel.
Barstool Founder Dave Portnoy Buys Most Expensive Home In Massachusetts History—This $42 Million Nantucket ... - Forbes
Barstool Founder Dave Portnoy Buys Most Expensive Home In Massachusetts History—This $42 Million Nantucket ....
Posted: Fri, 29 Sep 2023 07:00:00 GMT [source]
In 2015, The Wall Street Journal reported tunnels were becoming more common as a unique amenity for wealthy homebuyers. The 1.2-acre compound is located in the Monomoy area, "on one of Nantucket's most enviable sites," according to Workshop/APD, the architecture and design firm behind it. Portnoy spent an additional $2 million on furniture and other extras that came with the home, sources told the Journal. High demand combined with limited availability have driven prices to astronomical heights. This year, venture capitalist Evan Jones and his wife, Cindy Jones, managed to fetch $38.1 million for their Nantucket waterfront compound, despite initially listing it for a cool $56 million.
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Almost everything needs to be delivered by boat, which includes packaged goods and groceries. A $4 box of cereal in a mainland Walmart will cost close to double on the island (something I became very familiar with when I visited Haines, Alaska for Ghost Hunters and on vacation in Block Island with my brother the same year Portnoy purchased his home). Barstool Sports founder Dave Portnoy has a massive new home on Nantucket that he reportedly acquired in a recent transaction that broke at least two sale records.
This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Shellie Dunlap of Lee Real Estate told WBZ-TV she represented both the buyers and sellers of the home, but said she could not give any details about their identities. Portnoy, who was accused of sexual misconduct and lost a defamation lawsuit filed against Insider, founded the sports blog Barstool Sports in 2003. He sold it to Penn Entertainment for $551 million, before buying it back in August for $1.
Sources told the Wall Street Journal, which was the first to report on the transaction, that the seller of this property is a pair of trusts with intriguing names — the MAK Daddy Trust and MAK Shack Trust. As the most discerning, up-to-the-minute voice in all things travel, Condé Nast Traveler is the global citizen’s bible and muse, offering both inspiration and vital intel. We understand that time is the greatest luxury, which is why Condé Nast Traveler mines its network of experts and influencers so that you never waste a meal, a drink, or a hotel stay wherever you are in the world.
At the same time, he’s developed several wildly popular brands, including Barstool and the “One Bite Pizza Reviews,” which he spun off into a festival that took place last weekend. His reviews can boost restaurant revenue up to 50 percent, the WaPo said, and a fund he created to support restaurants and small businesses during the pandemic raised millions of dollars. Shellie Dunlap of Lee Real Estate, represented the sellers, identified only as known as the MAK Daddy Trust and MAK Shack Trust, while Peter Engen of Lee Real Estate, represented Portnoy. According to their founder, “This year, we have focused on improving our technology by automating our ordering process for customers and fulfillment process for couriers. Pre-arrival delivery for travelers checking into vacation rental homes has proved to be the core of our business.
Portnoy indicated in a social media post that he is the buyer of a new Nantucket property. But the deal didn’t stop at the purchase price; it also included an additional $2 million worth of lavish furnishings and other opulent items, the outlet reported. Nantucket is not a place where you go, go, go; people come here to slow down. If you have kids, or simply don’t feel like packing snacks or traveling far from town, all good—you’re set on amenities here. The open-air restaurant Sandbar does a $1 oyster happy hour, serves cocktails and slings wings, sandwiches, and salads.
The purchase includes two separate lots that have been developed as a single property - 72 and 68 Monomoy Road - and the estate had not been listed for sale on the market. The closing price includes roughly $2 million worth of furniture and amenities in the fully furnished estate. Portnoy founded Barstool Sports in 2003 as a Boston-based sports publication, though in recent years it has grown into a massive media brand based in New York City, covering national sports and pop culture, and often in an irreverent or controversial manner. In 2019, gambling company PENN Entertainment bought a 36% stake in the company for $163 million before purchasing the remainder of the company for $388 million.
He’s also been accused of making misogynistic, sexist and racist harassing comments, which he has passed off as jokes, according to the Washington Post. Pampr provides pre arrival delivery of groceries, alcohol, gear & rental equipment via local vendors on Nantucket. Having launched in June 2022, the company has already reached 275 paying customers by the end of this past August.
And despite there being some Redditors who don't think his place in Nantucket is ultimately worth it, there are plenty others who, knowing the area, think it's a great home. Besides, the controversial Barstool founder seems to be enjoying the home, and he's the one living in it, so there's that. You can actually see the place in all of its Zillow glory even though it's off the market (because duh, the dude's living there). Although the photos are dated by a few years, the specs listed on the place, along with the photos, show off a lot of space. It's a solid 2,256 square feet with five bedrooms and four bathrooms along with a gorgeous swimming pool in its sizable backyard and a playground.
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