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HOUSE OF THE DAY: This $59 Million Estate Is The Most Expensive Property For Sale In New England

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nantucket $59 million estate

The most expensive estate on Nantucket is on sale for $59 million, according to Forbes.

The estate belongs to the late Russell Dale Phelon, the former owner of privately held engine electronics maker R.E. Phelon Co.

The home has nine bedrooms, nine full bathrooms, and one half-bathroom.

Welcome to the most expensive estate on Nantucket Island.



The house sits on "Swain's Neck," a private peninsula.



Phelon purchased the home in 1997 for $7.15 million. He's selling for a 725 percent markup.



See the rest of the story at Business Insider

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