The Martha’s Vineyard Land Bank announced Tuesday that it will continue to expand the reservation that stretches between Vineyard Haven and West Tisbury. The land bank paid $925,000 for 36 acres.
A key piece of historic coastal farmland on Chappaquiddick will be conserved, thanks to a purchase announced this week by the Martha’s Vineyard Land Bank.
The land bank said Wednesday that it had signed a contract to buy 25 acres of the former Tom’s Neck Farm off the Dike Bridge Road. The purchase price is $5.175 million.
Twelve years in the making, the complicated deal with the town, the land bank and the Howard B. Hillman family will create affordable housing, add conservation land and save a historic home in Chilmark.
Realtors on Martha's Vineyard and the Martha's Vineyard Land Bank are reporting that Island real estate sales are on the rise. For qualifying transactions, revenues per transaction from the last two years are also up.
The long-planned purchase expands the Wapatequa Woods Reservation, provides aquifer protection for the town of Tisbury and a greenbelt for residential neighborhoods. The land bank paid $1.5 million for the property.
A complicated three-way land swap designed to create affordable housing, add conservation land and save a historic home is valid and enforceable, a superior court judge found.
