Nantucket may be just a quick flight from Boston and New York City, but this low-key island hideaway is a perfect summer destination for anyone looking to escape the hustle and bustle of the mainland. Each year, Nantucket’s beautiful beaches, natural scenery and unique island life draw families and professionals alike.
The good news is that summer rentals are scarce and half of the island is completely undeveloped, which means there is still plenty of room to explore. Given the scarcity of summer rentals and the much harsher winter climate, it’s no surprise that the Nantucket Market is teeming with idyllic summer homes. Read on to find out why buying a summer home on the island is the perfect solution.
Strong demand for rentals
Countless families and individuals choose to spend the summer in Nantucket. As you would expect in a place where “summer” is taken as a verb, rentals are getting harder and harder to find. Even people who have been planning summer getaways long enough to consider the island their second home now face increasing difficulties in securing rentals.
Certainly, the ongoing coronavirus pandemic has played a role. Local landlords who used the summer months as an opportunity to simultaneously earn extra income through lucrative weekly or monthly rentals and go out to see the world instead choose to stay home.
The best way to get that coveted spot on New England’s most desirable island is to buy a summer home. Those interested in buying a property, or just trying to secure a rental for the next year while it is still possible, can check out GreatPointProperties.com.
Lots of fresh air
These days, the ideal options for summer getaways are a little more limited. The future course of the pandemic remains uncertain, especially globally, and smart vacationers plan to continue to embrace more local destinations that offer plenty of fresh air and space to explore. This is exactly what they will find on Nantucket.
The island has 80 miles of beaches, and about 50% of them are protected by environmentalists. Outdoor activities aren’t limited to exploring natural dunes, marshes and forests, either. There are plenty of water activities to keep summer residents of all ages occupied for years to come.
There is no better way to enjoy the fresh, salty air than from the patio or backyard of a permanent summer residence. While hotels and rentals in popular vacation destinations can quickly become crowded during tourist season, Nantucket is full of private, secluded properties that provide opportunities to get away from it all without giving up that coveted connection to the great outdoors.
Amazing food
Nantucket may be a small island, but it has a food scene that rivals the big cities. Whether summer residents are looking for fresh seafood or seasonally inspired cuisine, they will have no trouble finding it close to home.
Since many of the island’s residents are year round fishermen, it’s no surprise that Nantucket is one of the best places to enjoy fresh and delicious seafood. Those planning to spend the summer on the island for the first time after purchasing a new vacation home can’t afford to miss Topper’s, the island’s most acclaimed restaurant. The award-winning establishment is well known for tapping into the region’s supply of not only seafood, but also delicious local produce.
Nantucket is also home to several wineries and breweries. Adults can sample both fine wines and delicious craft beers at many local restaurants and bars, but many summer residents prefer to have intimate gatherings at home. While the island thrives on its tourist industry, seasonal locals know that sometimes it’s best to avoid the crowds.
Lots of family fun
Families looking for the perfect vacation destination to accommodate people of all ages will love Nantucket. From spring to fall, there are plenty of fun activities for all ages. The island has miles of smooth, paved cycle paths to make it easier for families with older children to explore, and the younger ones love the beach and the children’s playground.
It is very common for parents who were spending the summer in Nantucket themselves to want to share their experiences with their children. On the mainland, it may seem like they are growing up in a whole different world, much faster. On the island, it’s easy to get the kids to put down their phones and get out into nature or the city for a fun day of true family bonding.
An excellent investment
These days, most Nantucket owners choose to stay put during the summer months. Why wouldn’t they do it? They already live in one of New England’s most idyllic vacation spots. That said, there’s no reason homeowners can’t eventually put down roots and spend the summer somewhere else.
The great thing about owning a summer home in Nantucket is that if the family decides to take advantage of international travel once they reboot and go explore the world, the owner can make a fantastic return on their investment by renting it out. . As has already been noted above, summer rentals are in remarkably high demand, and the fact that half of the island is under conservation protection means they always will be.
There is nothing wrong with using a summer home in Nantucket for the first few years and then treating it like investment property. While it is difficult to find tenants in the winter when the island’s population is dwindling and everything is slowing down, summer rentals offer a lucrative investment strategy.
The bottom line
It may be too late to secure a summer rental on Nantucket for 2021, but that doesn’t mean all hope is lost. Summer is a great time to start buying second homes. The market tends to peak in July, which means there are usually a lot of options available. With the help of a qualified real estate agent, those willing to pay extra for breathtaking views and plenty of privacy should have no trouble finding an idyllic island getaway.
Interesting related article: “Travel and Expense Management: A Complete Guide”