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    Inside the Most Expensive Summer Rental on Martha’s Vineyard

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    Martha’s Vineyard has long been a popular summer getaway for high-profile vacationers, including Oprah Winfrey, the Obamas, Larry David, and Bill Gates. This year, the most expensive rental to ever hit the island will cost you an eye-watering $1 million per month. 

    Located at 18 Point Inner Way, overlooking the picturesque Menemsha Pond, the roughly five-acre waterfront compound is available to rent for four consecutive weeks between May and July and September and October. Nestled within the pastoral town of Chilmark, one of New England’s priciest ZIP codes, the sprawling contemporary compound has a whopping 11 bedrooms and 13 bathrooms split between the main house and two additional residences, including a writer’s cottage.

    Floor-to-ceiling windows flood the main house with natural light.

    Bob Gothard/ Wallace & Co. Sotheby’s International Realty

    “The lush green surroundings, invigorating coastal breezes, and overall sense of serenity make it an attractive destination for those in search of an escape,” notes the listing, which is held by Tom Wallace of Wallace & Co. Sotheby’s International Realty.

    To justify the hefty price tag, the coastal estate offers a slew of amenities. Inside the main house, which was originally built in 2012, you’ll find two top-of-the-line chef’s kitchens, a home theater with massaging recliners, a sauna and steam room, and a 30-foot indoor pool. There’s also a large water-facing deck with a built-in grill, a pizza oven, a fire pit, a wooden bar, and an outdoor dining area for up to 24 guests. Of course, sweeping views are a given.

    The five-acre compound can be rented for $1 million a month.

    Bob Gothard/ Wallace & Co. Sotheby’s International Realty

    In addition to the residence, the grounds also include an entertainment building, which holds an indoor basketball court with a professional shooting machine as well as a large fitness studio with Technogym and Peloton equipment. Down below, there’s a six-car garage equipped with Porsche and Tesla charging stations.

    Outside, there are plenty of recreational activities to keep everyone busy. The tennis court can also be used for pickleball; there’s a cedar jungle gym for the kids; and seafarers will appreciate the home’s 115-foot private deep-water dock that’s nicely stocked with paddle boards and kayaks. Even better, guests can choose between three boats to cruise around on the pond, including a swanky 55-foot Novamarine BS160 that was custom-made in Italy. Also in the fleet are a Mastercraft X26 ideal for water skiing or wakeboarding and a 26-foot Zodiac Open 7.0 speed boat if you’re in the mood for something quicker to zip around in.

    Click here to see more photos of 18 Point Inner Way.

    Andrew Azoulay/ Wallace & Co. Sotheby’s International Realty

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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      in Luxury

      Diane Sawyer’s Coastal New England Oasis Sells for Close to Asking

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      Once again Diane Sawyer is associated with breaking news—but this time, the latest juicy tidbit is centered around her own New England home. Barely two months after the TV broadcast journalist’s longtime residence known as “Chip Chop” first hit the market, the sprawling seaside compound has already traded hands for a smidge under the $24 million asking price, as first reported by The Wall Street Journal.

      Records show the speedy buyer is David Malm, managing partner of Webster Equity Partners, who paid $23.9 million for the 20-acre estate resting in the coastal enclave of Martha’s Vineyard. Per WSJ, the investor now lays claim to $100 million worth of luxury homes on the Massachusetts island and neighboring Nantucket, including a historic house on Edgartown’s inner harbor he paid $15 million for earlier this year.

      Designed in the late 1930s by Neoclassical architect Eric Gugler and ultimately completed in the mid-1940s, the property was purchased by the news anchor and her late film director husband Mike Nichols in the mid-1990s for $5.3 million. The couple subsequently undertook an extensive restoration in conjunction with Tate Builders, which included adding dormers, and replicating antique windows and doors.

      Originally built for stage actress Katharine Cornell, and designed by Neoclassical architect Eric Gugler, the New England-style home is topped with 10 chimneys.

      Nestled on two separate parcels of land tucked between Vineyard Sound and Lake Tashmoo, and boasting a combined mile of private shoreline, the seaside spread features a wood-shingled, New England-style main house boasting three bedrooms in nearly 5,000 square feet of living space.

      Numerous additional structures include a two-bedroom caretaker’s cottage and a pair of modern beach cottages affectionately referred to as “The Shacks” because of the fishing shacks they replaced, plus two more detached guest bedroom suites known as the Pond and Ocean pavilions. There’s also a swimming pool and Har-Tru tennis court on the premises.

      Several ancillary structures are scattered across the 20-acre property.

      The 77-year-old anchor known for programs such as ABC World News Tonight, Good Morning America and 20/20, previously told WSJ she is selling this “magic place” because “the rhythms of summer have changed” as her family has grown, and “there is less free time for long visits to the island.”

      The listing was held by Mark Jenkins of Wallace and Co. Sotheby’s International Realty; Malm was repped by Tom Wallace of Wallace & Co. Sotheby’s International Realty.

      Click here for more photos of Diane Sawyer’s New England compound. More