Martha’s Vineyard, an island known for its stunning landscapes, pristine beaches, and charming small towns, offers a variety of real estate options, including an array of condos and townhouses that cater to a range of preferences and budgets. In this blog post, we’ll dive into the unique aspects of condo living on Martha’s Vineyard and highlight some of the most sought-after condominium associations, discussing their features, amenities, and why they represent a good investment opportunity.
The Appeal of Condo Living on Martha’s Vineyard
Condo living on Martha’s Vineyard combines the ease of maintenance-free living with the beauty and tranquility of the island. It appeals to those looking for a vacation home, a permanent residence, or an investment property. Condominiums on the island often come with added amenities such as pools, tennis courts, and private beach access, enhancing the living experience. Moreover, owning a condo on Martha’s Vineyard offers a sense of community, with shared spaces and organized events that bring residents together.
Featured Condominium Associations
Edgartown Commons
Edgartown Commons, located in the heart of Edgartown's Historic District, is a short walk from the waterfront, shops, and restaurants, offering a blend of convenience and charm. The facility provides vacation apartments that include full kitchens, air conditioning, free Wi-Fi, and access to a pool, BBQ grills/picnic area, and playground. It's recognized for its value and prime location, making it an ideal choice for families and visitors looking to explore Martha’s Vineyard.
Edgartown Commons is a condo hotel and operates its vacation rentals through a unique management approach, differentiating it from typical owner-managed properties. This structure allows for a uniform service and maintenance standard, ensuring that all guests enjoy a consistent and quality experience during their stay. This management model is particularly appealing for investors looking for a hands-off approach to property rental, as it alleviates the day-to-day responsibilities typically associated with rental property ownership. The combination of convenience, amenities, and the potential for rental income makes Edgartown Commons an attractive option for investors and vacationers alike. For more information on the restrictions on financing this type of condominium, refer to the O'Hanlon Group's Blog about Financing Condos on Martha's Vineyard.
Meetinghouse Village
Meetinghouse Village Condos in Katama not only offer serene settings with their sunny units, vaulted ceilings, and modern interiors, but also enhance the living experience with additional amenities. These condos feature a private deck, perfect for relaxing or entertaining. The association pool, open from dawn to dusk, provides an alternative to beach outings, adding to the comfort and luxury of the condo living experience. The development's central location offers easy access to South Beach, Edgartown Great Pond (ideal for kayaking & paddle boarding), Morning Glory Farm, and downtown Edgartown, emphasizing convenience and accessibility. Many of the owners have added large egress windows in the finished basements, allowing for an additional bedroom, which adds to the value for both resale and vacation rentals.
Harbor View Hotel Captains Cottages
The Harbor View Hotel, located in Edgartown, Martha's Vineyard, stands as a beacon of luxury, offering guests an exceptional stay experience. Having welcomed visitors for over 130 years, the hotel recently underwent a significant renovation to enhance its charm and modern amenities. The Captain's Cottages, part of this historic hotel, provide a unique blend of private condo living with hotel luxury, including access to all hotel services. The cottages, located just a short walk from the hotel's main building and Edgartown's center, offer one, two, and three-bedroom options with upscale furnishings, gas fireplaces, and kitchenettes. The full deeded ownership also allows owners year-round access with the opportunity to participate in the hotel’s year-round rental program when they are not in residence. The Harbor View Hotel and its cottages offer a quintessential Martha's Vineyard experience. For more detailed information about the Harbor View Hotel and its offerings, consult The O'Hanlon Group, as the hotel's web site does not advertise units for sale.
Mattakesett Condos
The Mattakesett Condos at Winnetu Oceanside Resort offer a compelling investment opportunity on Martha's Vineyard, especially for those interested in the vacation rental market. These privately-owned vacation rentals are located a short walk from South Beach in Katama, with renters gaining access to the resort's exclusive amenities and activities. The townhouses, duplexes, and private homes available for rent come fully equipped with household items, enhancing their appeal to potential renters. For detailed information on short-term rental policies, price ranges, and investment insights, we recommend directly visiting their official website at Winnetu Oceanside Resort - Home Rentals.
Tashmoo Cove
Tashmoo Cove Condos on Martha's Vineyard offer a unique investment opportunity due to their location and amenities. Situated near Lake Tashmoo in Vineyard Haven, you have access to a private association beach. Additionally, there are community tennis courts, a pool, and basketball court. Mink Meadows golf course is right near by as well as the shops and restaurants of Main Street. For those looking for a tranquil retreat within Martha's Vineyard, with the added benefits of condo living such as maintenance-free residences and fabulous community amenities, the Tashmoo Cove condos offer a perfect solution.
Campground Cottages
The compact, cottage-style homes are designed to maximize space and foster a sense of togetherness among residents. With easy access the downtown shops and fantastic restaurants, living in one of these cottages offers a unique way to experience all that Oak Bluffs has to offer. Beyond the picturesque gingerbread trim and vibrant hues of these quaint homes lies a community rich in amenities and steeped in tradition. At the heart of the community sits the majestic Tabernacle, a focal point of cultural and spiritual life, hosting a diverse array of events from community gatherings, music concerts, to inspirational speakers, enriching the lives of those who call the campground home. One important thing to note when making a purchase in the Campground is an additional 2% lease origination fee (on top of the 2% Land Bank fee) and financing can be restrictive with higher down payments and the need to work with a specific Island bank. For more information on financing this type of condominium, refer to the O'Hanlon Group's Blog about Financing Condos on Martha's Vineyard.
Island Inn
The Island Inn Condos, located on Martha's Vineyard, offer a family-friendly environment with a range of accommodations from studios to townhouses, each featuring a kitchen or kitchenette. This 51-unit condominium hotel is situated on Beach Road in Oak Bluffs, making it an ideal spot for group vacations, wedding guests, or retreats. The property is pet-friendly and includes a pool, playground, and tennis courts, catering to both relaxation and activity needs. Its strategic location near Oak Bluffs allows for easy access to local attractions, restaurants, and beaches, providing a convenient base for exploring the island. For dining options, Noman’s Restaurant is conveniently located adjacent to the property. This combination of amenities and location makes the Island Inn an attractive option for those seeking a mix of relaxation and activity during their stay on Martha's Vineyard. For more detailed information, including booking inquiries, visit their official website at Island Inn Condos.
Sengekontacket Condos
Sengekontacket Condos, nestled in the unique environment of Martha's Vineyard, offers a blend of natural beauty and community amenities that cater to a lifestyle of relaxation and outdoor activities. This community, located near the serene Sengekontacket Pond, provides its residents with a range of amenities including access to tennis courts, a clubhouse set beside a freshwater pond, private saltwater docks with easy Vineyard Sound access, tennis courts and proximity to bike paths. These features make Sengekontacket an appealing choice for those seeking both tranquility and engagement within a vibrant community setting.
The history of Sengekontacket is rich and complex, involving a series of events that shaped its development. The Sengekontacket community consists of 135 acres with 63 house lots and 24 condominiums. Friends of Sengekontacket, a nonprofit organization dedicated to the preservation of Sengekontacket Pond and its surrounding areas, plays a significant role in maintaining the environmental integrity of the region. The organization's efforts include various programs and projects aimed at protecting the pond, its barrier beach, and adjacent natural habitats. These initiatives underscore the community's commitment to environmental stewardship and the preservation of the unique ecosystem that defines Sengekontacket.
Investment Potential
Martha’s Vineyard has a strong market for vacation rentals, with a high demand during the summer months. Investing in a condo here can offer significant rental income potential, alongside the possibility of appreciation in property value over time. The island's limited supply of available properties and its perennial popularity as a vacation destination contribute to the robustness of this investment.
Conclusion
Condos and townhouses on Martha’s Vineyard offer a unique opportunity to enjoy island living with the convenience and community of condominium life. Whether you’re drawn to the historic charm of Edgartown Commons or the serene setting of Meetinghouse Village, the island has something to offer for every taste and preference. As with any real estate investment, prospective buyers should conduct thorough research and consider factors such as location, amenities, association fees, and rental policies to find the property that best meets their needs.
Investing in a property on Martha’s Vineyard not only provides a beautiful retreat but also offers the potential for financial growth through rental income and property appreciation. Investment potential is bolstered by the island's strong tourism market and the limited availability of property, which can drive demand for vacation rentals and long-term appreciation in property values. The island’s real estate market presents a compelling opportunity for those looking to invest in a vacation home or a permanent residence in one of the most sought after locations in the Northeast. Working with a trusted real estate advisor with years of experience on Martha's Vineyard is important when weighing the pros and cons of each condo association. Contact The O'Hanlon Group today for more information on making your Martha's Vineyard investment!
