Times of India·3 min read·medium

Tech entrepreneur's Martha's Vineyard estate sells for record $43 million

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TOI REAL ESTATE DESK
Tech entrepreneur's Martha's Vineyard estate sells for record $43 million
AI Summary

A Martha's Vineyard estate owned by tech entrepreneur Michael Bronner has sold for $43 million, setting a new real estate record for Massachusetts. The sale reflects a trend of high-value transactions in the luxury property market despite lower overall volume.

Why it matters

The sale highlights the continued strength of the ultra-luxury real estate market in exclusive US coastal regions.

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A property in Edgartown on Martha’s Vineyard has sold for $43 million, setting a new real estate record for both the island and Massachusetts. The estate, known as Great Point, covers 31.59 acres and includes an 8,994-square-foot home with 12 bedrooms.The property is located at 15 Forever Wild Way in Edgartown, facing the South Coast of Martha’s Vineyard and near Edgartown Great Pond. According to the Wall Street Journal, it was listed for $49 million in June before selling for $43 million.The seller was Michael Bronner, a Boston-based technology entrepreneur and investor. Bronner spent $19.125 million between 2019 and 2023 to assemble the property. The buyer has not been identified.The sale also stands out because Great Point has surpassed the previous Martha’s Vineyard record of $37.5 million, set by a Katama mansion that sold last year.

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