The Martha’s Vineyard home that had been embroiled in a legal battle between a national whiskey brand and the company’s creditors was sold late last month over the owners’ objections. 

Ivery Hill, LLC purchased the two-acre property along Edgartown-West Tisbury Road in Edgartown on July 24 for $2.59 million. The four-bedroom home was associated with Uncle Nearest, a Tennessee distiller that is being sued by its lenders for alleging defaulting on more than $100 million in loans. 

Uncle Nearest founder Fawn Weaver and her husband Keith had used the home to promote the company’s whiskey in 2023. The marketing events drew complaints from neighbors who questioned why a company could host loud commercial parties in a residential neighborhood. 

The home was sold by Phillip Young, the court-appointed receiver who has been shepherding the company since 2025 to get it out of debt. Mr. Young had asked the court to sell the home, saying it did not bring in any money for the beleaguered Uncle Nearest. 

The Weavers have pushed back on the loan default claims and called on the court to pause the sale while the court case plays out. But Mr. Young proceeded with the sale as he had received permission from the Tennessee federal court judge in July. 

Last week, the judge denied the motion for a stay, saying the issue was moot because the sale had already gone through. 

Ivery Hill is a limited liability company that was created in July and lists the Uncle Nearest home as its Island address. The only person listed with the company on its corporate documents is Island attorney Marilyn Vukota, who serves as the local agent.

Ms. Vukota said on Monday that she could not talk about the sale or her clients.  

Ivery Hill was the second prospective buyer; the first backed out of the sale given the legal tug of war over the property. A proposal from a company founded by retired NBA players Mark West and Kevin Johnson to purchase the Uncle Nearest-associated company that owned the house was also rejected by the court. 

After the closing cost, taxes, real estate commission, the receivership netted a little more than $800,000 from the sale. Those funds are being held by the receiver while the court figures out the rest of the case.

A bench trial is scheduled for Oct. 26 in Chattanooga.