WEST TISBURY, Mass. (AP) — A 266-acre virtually pristine tract of land on Martha's Vineyard has hit the market for $92 million.
If sold for the asking price, it would be the largest real estate transaction on the island by about $28 million, according to the Vineyard Gazette, which first reported the sale.
The property in West Tisbury is virtually undeveloped, except for a single cottage. It includes more than 1,000 feet of private beachfront. It can be divided into up to six parcels. Zoning restrictions limit construction to residential use.
Thomas Wallace, the property's listing agent, tells The Boston Globe he has heard from potential buyers inside and outside the country since the property hit the market last month.
The property is owned by Gerald DeBlois, who confirmed the sale but had no additional comment.
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