Nantucket officials condemned the home last month due to erosion, noting the narrow access road was “almost ready to fall off the bluff.”

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Nantucket beachside home that sold cheap due to erosion is demolished 6 months later

Properties on Nantucket have faced damage from erosion, forcing homeowners to demolish their houses or sell them at steep discounts.John Greim/LightRocket via Getty ImagesErosion has come for yet another home on the billionaire hot spot island of Nantucket.A house last purchased in July was demolished on Tuesday.Buying on certain parts of the wealthy island has become a gamble as weather patterns intensify.Just over six months after businessman …

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Another Nantucket beach house once worth millions has been demolished due to erosion

A Connecticut millionaire who purchased a stunning $2 million beachfront home in Nantucket for just $200,000 is now reeling over his ‘terrible investment.’ Just over six months after Don Vaccaro, CEO of TicketNetwork – an online marketplace that connects buyers and sellers of tickets to live events – signed the paperwork on his new coastal Nantucket mansion, the waterfront home was demolished.  The breathtaking three-bedroom home was torn down o…

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Millionaire who bought $2M Nantucket beach house for just $200K reveals why it was a ‘terrible investment’

A Connecticut millionaire who bought a stunning $2 million beachfront Nantucket home for just $200,000 is now reeling from his “terrible investment.” Just over six months after Don Vaccaro, CEO of TicketNetwork — an online marketplace that connects buyers and sellers of tickets to live events — signed the paperwork for his new mansion on the Nantucket coast, the waterfront home was demolished . The stunning three-bedroom home was demolished Tues…

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Millionaire Who Bought A Nantucket Beach House For $200,000 Reveals Why It Was A 'terrible Investment'

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Nantucket beachside home that sold cheap due to erosion is demolished 6 months later

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