26 Milk Street Nantucket, MA 02554

Town

Overview
Property Details
Location

Contact Agent

$6,650,000

Asking Price

Bedrooms

5.1

Bathrooms

4,170

Square Footage

A rare opportunity to own two lots in Town: a 5 BR Main House and 3 BR Garden Cottage, each on their own separate conforming lot with ample remaining ground cover. Together, the two properties create a private, historic compound with room for growth in a premier in-town location. There is endless possibility and versatility given the remaining ground cover on both lots. A true piece of Nantucket history, the Isaiah Folger House (c. 1770) exudes the grace and craftsmanship of 18th-century Nantucket, with original millwork drawings preserved in the home’s archives — a testament to its provenance. The existing floor plan lends itself beautifully being reconfigured to provide additional bedrooms and bathrooms, offering flexibility for modern living. With its spacious layout, dedicated off street parking, and full basement, the home can be comfortably enjoyed as is or reimagined with new decor. The Garden Cottage was designed and built by Kenneth Duprey, author of the definitive book on Nantucket’s historic homes. It has been newly renovated in summer 2025 and is being sold fully furnished, turnkey with interiors by Melanie Gowen Design. It would be an ideal income producing rental, guest house, or afford larger expansion or customization to a new owner’s vision. The portion of 26 Milk that is now Lot 1 transferred in March 2025 for $3,500,000; the portion of 26 Milk that is now Lot 2 transferred in July 2025 for $2,485,000. Tax assessor’s database has not yet been updated to reflect the recent subdivision and current ownership. This historic in-town compound may qualify for state and federal historic rehabilitation tax credits (up to 40%+ of certified restoration costs). A rare opportunity for buyers seeking to blend preservation and investment potential. See agent for Nantucket Preservation Trust guidance and MA Historic Rehabilitation resources: www.preservationmass.org/historic-tax-credits

First Floor

Large entry foyer with a central staircase. To the left is a large living room with a fireplace. A closet has been turned into an office overlooking the side garden. Adjacent another large living room with fireplace offers flexible use and could easily serve as a first-floor primary suite. As you leave this family room, there is a hall leading to the butler's pantry/mudroom/laundry area and a family room with a third fireplace and powder room. Privately set towards the back of the house is the kitchen with dining sunroom positioned under a vaulted ceiling, with radiant heat underneath the stone floors. Natural light fills the entire back of the house with doorways on both sides leading to the gardens and large brick patio.

Second Floor

The second floor features a spacious primary bedroom overlooking Milk Street and the gardens with a fireplace and ensuite bathroom. The bath has its own fireplace, dual vanities, a soaking tub, and a tiled shower. A generous walk-in closet is accessed directly from the bathroom. Two additional large bedrooms, each with ample closet space, share a well-appointed hall bath. A bonus room and two large closet spaces upstairs provide excellent potential for an additional bedroom, bath, or second-floor laundry. A secondary staircase offers convenient access to the back of the house.