Land Sale Sets Record

Some 81 acres of land that was formerly part of the storied
Pohogonot Farm in Edgartown was sold to a private buyer late last week
for a total sale price of $15.5 million. The sale marks the largest
single residential real estate transaction in dollar value in the
history of the Island, topping the $12 million sale of 80 acres on the
North Shore in West Tisbury last year.

The property was purchased by three realty trusts; the principal
owner behind the trusts wishes to remain private.