Honeysuckle Drive
Two Attainable Homes for Sale by Lottery
Overview
This is a lottery for TWO (2) Attainable homes for sale in the Sandpiper Development off of Old South Road. The homes will be sold to year-round residents of Nantucket at a price accessible to households with incomes at or below 240% of the Area Median Income (AMI). The homes will be ready for occupancy in late spring / early summer 2024.
3BR Single-Family Homes with 2.5 baths (approx. 1,782 square feet)
Purchase Price: $995,000
More about how this purchase price was calculated can be found by clicking here.
These newly constructed homes, each situated on over 5,200 sqft of land in the R-5 zone, feature an open living and kitchen area on the first floor, complete with silestone quartz countertops, white cabinets, and appliances including an electric range, microwave, dishwasher, and refrigerator. Additionally, there is a half bath on this level, along with a washer and dryer for added convenience. The first floor boasts luxury vinyl plank flooring, and a carpeted stairway leads up to the second floor.
Upstairs, the master bedroom includes an en suite bathroom, while the other two bedrooms share a hall bathroom. These homes are well-insulated and equipped with an electric ducted heat pump for efficient heating and cooling. Access to a crawl space is available from inside the home, providing additional storage space. Outside, the driveway features a Belgian Block apron and accommodates parking for 2 cars.
Income Limits
There is no MINIMUM Income Limit. However, applicants will need to provide a pre-approval letter from a reputable lender verifying their financial ability to purchase the home at the above sale price. The MAXIMUM Household Income Limits are as follows:
$243,840 (1 person), $278,640 (2 people), $313,440 (3 people) $348,240 (4 people),
$376,320 (5 people), $404,160 (6 people), $432,000 (7 people), $459,840 (8 people).
*Households cannot have more than $500,000 in assets to be eligible to purchase.
Additionally, households cannot own Nantucket residential real estate at the time of purchase. Residency and resale restrictions apply.
More Information
Housing Nantucket will hold an information session on April 3rd at 5pm on Zoom. Click here to register. The recording will be made available afterwards on our YouTube channel.
Applications are submitted electronically by clicking here. Google Chrome can be used to translate the online application into any language. Completed applications must be received by Housing Nantucket by 2:00 pm on May 6th. The lottery will be held on Zoom on Wednesday May 8th at 5:00 PM with an email alert to all applicants.
After you apply, you will receive a detailed email from our staff within a week of application submission. This verifies your eligibility and assigns each applicant a lottery number. If you do not receive an email, please contact info@housingnantucket.org prior to application deadline.
This initiative was made possible due in large part to the generosity of our donors, most notably Tom and Lisa Ragno. Numerous community collaborations with entities including Richmond Great Point Development, the Town of Nantucket’s Affordable Housing Trust, Nantucket Community Foundation, Cape Cod 5 Savings Bank, the Nantucket Garden Club, town meeting voters and many others contributed to this project’s success. Thank you!
