Barstool Sports activities founder Dave Portnoy buys Nantucket property for $42 million

The Boston Globe

David Portnoy attends the annual Charity Day hosted by Cantor Fitzgerald and The Cantor Fitzgerald Aid Fund on September 11 in New York Metropolis. CHANCE YEH/GETTY IMAGES FOR THE CANTOR FITZGERALD RELIEF FUND

Barstool Sports activities founder Dave Portnoy has purchased a waterfront Nantucket property for $42 million, in keeping with printed stories, a report value for the tony island.

“At $42 million, the sale has set a brand new benchmark for residential actual property on Nantucket,” Lee Actual Property stated in saying the sale of the Monomoy Street mansion. The 1.2-acre property has three dwellings with non-public seashore entry, the corporate stated.

An individual with information of the sale confirmed to the Boston Globe that Portnoy was the client, and Portnoy appeared to supply affirmation on social media.

“I went from having the ability to afford renting for a day to a weekend to per week to a month to renting for your complete summer time to purchasing a home to now shopping for a home past even my wildest imaginations,” Portnoy wrote on X, the social media platform previously often called Twitter. “That is now my view. #DreamBig.”

A view of the home on Nantucket that Dave Portnoy simply purchased. – READ MCKENDREE

Jeff Lee, proprietor and principal of Lee Actual Property, stated “we’re thrilled to have represented each the client and vendor on this newest transaction.”

“This accomplishment is a testomony to our group’s unwavering dedication to offering a better degree of service and delivering excellent outcomes for our purchasers,” he stated. “We’re proud to have set a brand new normal within the Nantucket actual property market.”

The corporate declined to verify stories that Portnoy had bought the property, figuring out the client as Ferry Views LLC and the vendor as Mak Daddy Belief & MAK Shack Belief.

Portnoy, who began his multimillion-dollar media enterprise in Massachusetts, didn’t instantly return an e-mail looking for remark Friday.

On X, Portnoy stated the island has a particular place in his coronary heart.

“Nantucket has all the time been my favourite place on earth,” he wrote. “The very best day of my 12 months was heading to the island for trip. The worst day was taking the ferry again residence.”

A view of the home on Nantucket that Dave Portnoy simply purchased.