A rare opportunity to create a private compound at the top of Town, presenting an exciting canvas for those with a vision for luxury living. This generously sized lot, exceeding 20,000 square feet, is situated within an R-1 zoning designation, which permits a substantial 30% ground cover. This zoning allowance provides ample room for the construction of a significant main residence, a guest house, a pool, a stylish cabana, and a spacious garage, all designed to cater to modern living while maintaining a sense of privacy, quiet and exclusivity. The property benefits from the convenience of Town water and sewer services. Located less than a mile from the historic Main Street and the vibrant center of the cobblestoned downtown, this prime location provides easy access to an array of shops, restaurants, and entertainment options, ensuring that you are never far from the action. In addition, the property is conveniently close to scenic bike paths that meander through the area, allowing for leisurely rides and exploration. Furthermore, Nantucket’s pristine beaches, known for their stunning beauty and tranquility, are just a short distance away, making this lot an ideal spot for those who enjoy coastal living and outdoor activities.