The Martha’s Vineyard Land Bank has purchased a small, one-acre parcel along the Tiasquam River in West Tisbury subject to a life estate, and will eventually open the property to the public.
The Martha's Vineyard Land Bank reported revenues of $208,685.48 for the business week ending on Friday, July 22, 2022.
Halfway into 2022, the frenzied real estate market of Martha’s Vineyard is showing signs of slowing down. Land bank numbers illustrate the trend.
The Martha’s Vineyard Land Bank’s purchase of 18 acres in West Tisbury this week effectively doubled the size of its Wompesket Preserve property. The preserve is located in West Tisbury, just past the town line.
The Martha's Vineyard Land Bank will purchase 26 acres near Priester's Pond, and a new nonprofit led by Thomas Bena will purchase an adjoining 14 acres.
Open space conservation, winterized housing for employees and generous assistance from a community bank are all factors in an out-of-the-ordinary purchase by the land bank.
The Martha’s Vineyard Land Bank added a key waterfront parcel to its holdings this week with the purchase of a 21-acre peninsula on the Edgartown Great Pond. The seller is John O’Keefe.
