The Mill Hill Development Opportunity consists of 10 recently approved Land Court Lots (9 vacant and 1 residence) located in a quiet corner of the downtown Old Historic District. The Offered Property abuts recently preserved open space and is a short walk to the heart of downtown and the waterfront. Restrictions & Easements encumber the property to ensure development in harmony with the neighborhood. These Restrictions limit the property to a maximum of 10 lots, 28,411 sq. ft. of ground cover, and 18 structures with additional non-buildable areas, varied setbacks, and height limits on three lots. The residence known as Mill Hill is a shingled re-creation Old Quaker-style "lean-to" built c. 1934 with post-and-beam, wood-framed construction. There are five bedrooms, five full bathrooms, and an attached one-car, lower-level garage across 6,302 sq. ft. of gross building area with 3,366 sq. ft. of effective living area.
The property is now offered with the following reserve pricing and a bid deadline of November 30, 2018.
House plus two Lots (West of N. Mill St.): $5,990,000
Three Angola St. Lots: $3,920,000
Four North Mill St. Lots (East of N. Mill St.): $6,990,000
Total Reserve Price (10 Lots): $16,900,000
Property is presented by LandVest Nantucket, LLC.
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