Brady Wilson is the Founder and CEO of Pampr, a hospitality startup that is trying to transform the guest experience for vacation homes. Wilson graduated from Wake Forest University in 2021 and launched Pampr in 2022. Pampr has been piloting its services on Nantucket for two summer seasons and is preparing to launch its first new market this winter. Dave Portnoy bought a record-setting $42 million home in Nantucket, The Wall Street Journal reported, citing people familiar with the deal. The company declined to confirm reports that Portnoy had purchased the estate, identifying the buyer as Ferry Views LLC and the seller as Mak Daddy Trust & MAK Shack Trust.
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Dave, we just interviewed a local business you may want to support, they could be a big help when you visit your new property. Shellie Dunlap of Lee Real Estate acted on behalf of the sellers; the buyer was repped by Peter Engen, also of Lee Real Estate. Not too long before that, another property exchanged hands for a princely sum of $36 million in 2022, as confirmed by real-estate data firm the Warren Group. Portnoy’s journey from founding Barstool as a humble gambling newspaper in Boston in 2003 to becoming a media mogul is nothing short of remarkable.
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Both declined requests for comment from The Real Deal on the transaction. The Nantucket Current reported yesterday that Dave Portnoy, founder of Barstool Sports, paid $42 million for the Monomoy Road compound. This broke the most recent record for the most expensive property sale on Nantucket. Other standout features include a living room sporting a freestanding fireplace and pair of sunburst-inspired chandeliers, as well as a dining area, kitchen outfitted with a marble eat-in island, and primary bedroom suite with a private terrace that has an outdoor shower.
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The 1.2-acre property, located in the Monomoy area, sprawls along the Nantucket Harbor waterfront. The owners bought two parcels in 2016 for a combined $13.3 million and custom-built the compound following the demolition of two existing homes. The sale set a residential real estate record for the island as well as the entire state of Massachusetts, according to the Nantucket Current. She cited the robust state of the real estate market and the current demand for move-in ready homes on Nantucket as key factors. In January, Portnoy announced the Chernin Group had bought a majority stake in Barstool Sports. It’s estimated he raked in about $15 million from the deal, though it appears he got a head start on spending that money since he bought the summer house a few months prior.
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He’s also been accused of making misogynistic, sexist and racist harassing comments, which he has passed off as jokes, according to the Washington Post. Pampr provides pre arrival delivery of groceries, alcohol, gear & rental equipment via local vendors on Nantucket. Having launched in June 2022, the company has already reached 275 paying customers by the end of this past August.
Dave Portnoy Just Bought The Most Expensive Home Ever Purchased In Massachusetts: A $42 MILLION Palace In ... - Barstool Sports
Dave Portnoy Just Bought The Most Expensive Home Ever Purchased In Massachusetts: A $42 MILLION Palace In ....
Posted: Fri, 29 Sep 2023 07:00:00 GMT [source]
Portnoy, who is from Massachusetts, has previously invested in Nantucket real estate, having bought a property for around $2 million. He recently reacquired Barstool for $550 million after selling it to Penn Entertainment. He’s also known for appearing in headlines nearly as much as his media company generates them. In 2021, he faced allegations of sexual misconduct from several women, which he denied.
On a cloudy day, walk the charming streets in town, among steepled churches and buildings with weathered grey shingles. The Whaling Museum tells the story of the dangerous and dramatic 18th-century whaling industry. Nantucket Looms weaves textiles at their own studio, including cashmere throws and mohair wraps. Townpool is a quirky souvenir shop that stacks an entire wall floor-to-ceiling with rubber ducks and sells rope bracelets, artsy maps, and cozy knits.
Barstool Sports founder Dave Portnoy reportedly purchased a waterfront mansion on Nantucket for $42 million -- the most expensive real estate transaction in the history of the island and the entire state. “At $42 million, the sale has set a new benchmark for residential real estate on Nantucket,” Lee Real Estate said in announcing the sale of the Monomoy Road mansion. The 1.2-acre estate has three dwellings with private beach access, the company said. Dunlap spilled the details, revealing that the main house features four bedrooms, complete with a primary suite offering an indoor/outdoor shower and foldaway glass doors that open up to harbor views. The 1.2-acre property features the main dwelling that’s connected to a guesthouse via an underground tunnel, as well as a recently finished pool. The combined 1.2-acre property features a waterside main dwelling, a guesthouse, and a pool that were completed in 2018 and 2019 by the Nantucket construction firm Reid Builders and designed by architect Andrew Kotchen of Workshop/APD and landscape architect Miroslava Ahern.
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For example, when it comes to trash removal and collection, instead of placing your refuse in bins outside of your home to be gathered by a waste management company, homeowners must keep the garbage in bins or barrels away from the curb until scheduled pickup days. According to the Myles Reis trucking company's website, this is "due to the historic nature of the island." When Dave first purchased the home in 2016, he also uploaded a series of videos entitled "Nantucket Living" on YouTube, showing what life on the island is like. Portnoy appeared Tuesday on "Varney & Co," where host Stuart Varney at one point asked the Barstool Sports founder whether he had chosen Nantucket versus Martha’s Vineyard based on politics.
The hotel landscape on Nantucket is distinguished by plenty of posh stays and bed-and-breakfasts alike. The Nantucket Hotel (from $295 per night), which bills itself as the island’s only year-round stay, is a shingle mansion with a spacious wraparound porch, and has a past life as the 1891 Point Breeze hotel. Besides the hotel’s history, its homemade popovers, plush bathrobes, and complimentary ferry pick-up and drop-off service contribute to a feeling of home. The Wauwinet (from $240 per night), a Relais & Chateaux hotel, a sister to the White Elephant, and Nantucket’s grande dame, is located on the more remote northeastern tip of the island.
Barstool's Dave Portnoy Buys Nantucket Home for a Record $42 Million - WSJ - The Wall Street Journal
Barstool's Dave Portnoy Buys Nantucket Home for a Record $42 Million - WSJ.
Posted: Fri, 29 Sep 2023 07:00:00 GMT [source]
In 2015, The Wall Street Journal reported tunnels were becoming more common as a unique amenity for wealthy homebuyers. The 1.2-acre compound is located in the Monomoy area, "on one of Nantucket's most enviable sites," according to Workshop/APD, the architecture and design firm behind it. Portnoy spent an additional $2 million on furniture and other extras that came with the home, sources told the Journal. High demand combined with limited availability have driven prices to astronomical heights. This year, venture capitalist Evan Jones and his wife, Cindy Jones, managed to fetch $38.1 million for their Nantucket waterfront compound, despite initially listing it for a cool $56 million.
The company is targeting transient resort-style communities that are home to a large number of short-term vacation rental properties. They will be launching their first new market in November in a West Coast location with a high volume of short-term vacation rentals. And in summer 2024, they are aiming to expand to a new East Coast market in addition to Nantucket.
Portnoy’s reported purchase tops the summer sale of a nearby home that went for $38.1 million. In a post on X, formerly known as Twitter, Portnoy appeared to confirm the purchase of the property. Peter Engen of Lee Real Estate, who represented Portnoy in the deal, declined to provide comment when reached by Insider. "In the big markets, people who are paying cash for $3 million homes want something that no one else has," Ron Syrnyk, an interior designer who had designed a tunnel to a wine cave for a client, told the Journal at the time. Examples of tunnels featured in other homes include an "Alice in Wonderland"-inspired tunnel that leads to a children's playroom and a 70-foot tunnel that crosses under a road to grant easier access to the beach.
With changing stations, a plastic mat that leads from the parking lot to the water, showers, volleyball nets, and a playground, Jetties is accessible and stress-free. Take its sloping cobblestone streets, pink lady’s slipper orchids splitting the sandy soil, and glowing Christmas trees floating on boats in December. It is the world of Herman Melville’s Moby Dick, a natural splendor where rare species—such as double-crested cormorants and piping plovers—gather, and for travelers, it is a world-class destination ideal for kicking back. So much more than just a summer town, Nantucket is a beauty in winter, fall, and spring.
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