Martha's Vineyard Property Hits The Market For $92 Million

WEST TISBURY, Mass. (CBS/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 and borders a 500 acre nature reserve.

The property can be divided into up to six parcels. Zoning restrictions limit construction to residential use.

The property is owned by Gerald DeBlois, who confirmed the sale but had no additional comment.

According to the Gazette, DeBlois is a longtime West Tisbury resident. He owns a home that sits on 50 acres of land that is not part of the sale offering.

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