2 White Elephant Way, Nantucket (Town), MA, 02554 | $7,995,000

Welcome to 2 White Elephant Way, a stunning corner lot home in one of Nantucket's most coveted in-town locations. As one of the first two homes offered by this prestigious company, the property boasts a prime spot just across from Lola 41 restaurant, providing effortless access to the town's vibrant shops and restaurants. With a design that beautifully marries historic charm and modern elegance, the home will feature a wrap-around porch perfect for leisurely watching the world go by. Inside, it will include four bedrooms and four and a half bathrooms, all within an open-plan living space ideal for entertaining family and friends. First Floor Step into a welcoming foyer from the wrap-around porch, where a sunlit office with porch views awaits on your left, along with ample closet space in the foyer itself. To the right, you'll find the staircase and a spacious first-floor bedroom complete with an en suite bathroom, dual vanities, and a walk-in closet. The heart of the home lies straight ahead in the open-plan living area. The kitchen, featuring a large island and windows overlooking the porch, flows seamlessly into the dining room and cozy living room, with doors opening directly onto the deck. Adjacent to the dining area is a practical mudroom, laundry room, and powder room, accessible from the side entrance for easy clean-up after beach outings. Second Floor Ascend the staircase to the second level, where the luxurious primary bedroom suite awaits to your left. This suite includes a walk-in closet, two additional closets, a spacious en suite bathroom with dual vanities, a shower enclosure with a bench, and a freestanding soaking tub. Straight ahead and to the right, you'll find two more well-appointed bedrooms, each with its own en suite bathroom, offering comfort and privacy for family or guests.

Features

  • Town: Nantucket
  • Rooms: 8
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Style: Contemporary
  • Year Built: 2024
  • Heating: Forced Air
  • Cooling: Central Air
  • Approx Sq. Feet: 2,850
  • Acreage: 0.12
  • Est. Taxes: $0
  • School District: Nantucket
  • Appliances: Tankless Water Heater
  • MLS#: 22403572
  • Website: https://www.raveis.com
    /eprop/22403572/2whiteelephantway_nantucket_ma?source=qrflyer
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Customer Service

888.699.8876

Contact@raveis.com

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

2 White Elephant Way, Nantucket (Town), MA, 02554

$7,995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $6,396,000 $6,396,000 $6,396,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $36,316 $39,903 $53,542
Total Monthly Payment $36,441 $40,028 $53,667

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.