Representative image of an aerial view of coastline (Image Credits: Pexels)
Sold for $19.2 million in November 2023, the home became the subject of a demolition proposal in 2024, according to the NY Post. Steven Cohen, identified as the buyer by NY Post, became the owner of the six-bedroom home through a blind trust in November 2023. A newly constructed waterfront mansion on Nantucket could be headed for the wrecking ball soon after it changed hands.
The owner intends to replace the property’s current footprint with a smaller one, consisting of a new 3,426-square-foot primary residence alongside a 528-square-foot detached guest house. The mansion was merely a rough frame devoid of any interior finishes, despite having 90% of the windows fully fitted, according to MacEachern. the interior of the structure actually remained incomplete, as the owner’s representative testimony revealed to the HDC in July Although the home’s high-end finishes and natural stone accents were elucidated in the promotional listing.
Cohen filed a proposal with the Nantucket Historic District Commission (HDC), requesting permission to raze the multi-million-dollar residence.The request was scheduled for an official commission hearing and drew scrutiny from a local resident, according to Nantucket Current. Despite its high-end architectural design, the proposal outlines plans to demolish the estate in its entirety. MacEachern noted that while the new owner initially tried to work with the existing layout, the scale of the required modifications ultimately necessitated a comprehensive structural redesign, rendering total demolition and rebuilding necessary for the desired property layout.
Representing the property owner, architect Matthew MacEachern of the island-based design firm Emeritus made clear the physical condition of the residence during initial structural reviews before the HDC.
