The Martha’s Vineyard Land Bank purchased a parcel of land on Chappaquiddick last month, connecting two of its other properties.

The organization bought the 10.7-acre parcel on North Neck Road on Chappy for $1.5 million and hopes to open the property next week. The land bank plans to divide it between the abutting Cove Meadow Preserve and Three Ponds Reservation. In addition to joining these two preserves, it connects to land bank trails on the north side of the island.

According to land bank executive director James Lengyel, the organization has been pursuing this since 2003 for its proximity to its other Chappy properties, which together total nearly 700 acres.

“I think it’s fair to characterize it as having something of a surgical quality,” Mr. Lengyel said. “This land was a notch of undeveloped land that is bordered by land bank property on the east and the south and the west, and so by purchasing it, the land bank has now dropped conservation into that notch.”

Though there is a house on the property, the land bank only purchased the land around it, Mr. Lengyel said. The organizatin cooperated with an outside buyer who now owns the home.

Mr. Lengyel said the land includes a “very beautiful” glacial bowl.

“It will be enjoyable, because the land itself is a curiosity,” he said.