Martha's Vineyard Land Bank

Land Bank on Track to Post Record Revenues This Year

As a booming Island real estate market roars along in a year of no normals, the Martha’s Vineyard Land Bank is on track to post record revenues for 2020.

Land Bank Expands Its Beachfront Holdings in Vineyard Haven

The Martha’s Vineyard Land Bank announced Monday that it has added to its beachfront holdings in Vineyard Haven with the purchase of a small property on the Tashmoo peninsula.

Land Bank Buys North Shore Property in West Tisbury for $3.8 Million

A property fronting James Pond and Vineyard Sound is the latest purchase by the Martha’s Vineyard Land Bank in what is shaping up to be an active year for the land bank.

Autism Group, Land Bank Buy West Tisbury Farm

The Island Autism Group and the Martha’s Vineyard Land Bank have teamed up to purchase a 17.5-acre former farm on Lambert’s Cove Road in West Tisbury for $1.2 million.

Major Pledge Bolsters Red Gate Farm Purchase

To support conservation and inspire others to do the same, the Wyss Foundation has pledged $1 million in matching funds to create the Squibnocket Pond Reservation, a rare 304-acre preserve that is now part of the Kennedy family’s Red Gate Farm.

Historic Arrowhead Farm in West Tisbury Is Sold to the Land Bank for $4.43 Million

The Martha’s Vineyard Land Bank announced Friday that it had purchased the historic farm on Indian Hill in West Tisbury.

Sheriff’s Meadow, Land Bank Will Buy Kennedy Family’s Red Gate Farm

The two conservation organizations announced Thursday that they will buy 304 acres of undeveloped land at the rare oceanfront estate in Aquinnah owned by the family of Caroline B. Kennedy.

Land Bank Revenues: Week Ending August 28

The Martha’s Vineyard Land Bank reported revenues of $515,348.84 for the business week ending on Friday, August 21, 2020.

Land Bank Revenues: Week Ending August 14

The Martha’s Vineyard Land Bank reported revenues of $309,985.50 for the business week ending on Friday, July 31, 2020.

Land Bank Revenues: Week Ending August 7

The Martha’s Vineyard Land Bank reported revenues of $400,327.20 for the business week ending on Friday, July 31, 2020. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.

Much of the land bank revenue last week came from the town of West Tisbury, where three transactions resulted in $131,560. Three transactions earned $99,554 in Chilmark. Three transactions earned $84,051.20 in Tisbury. Five transactions resulted in $76,802 in Edgartown. And one transaction generated $8,360 in Oak Bluffs.

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