Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Expert Predicts Summer 2025 Travel Deals: 5 Budget-Friendly Destinations to Book Now

    May 28, 2025

    Walmart Addresses Trump’s Demand to Cover Tariff Costs

    May 25, 2025

    Walgreens Expands Use of Prescription-Filling Robots to Reduce Costs and Support Pharmacists During Turnaround

    May 15, 2025
    Facebook X (Twitter) Instagram
    Tuesday, June 3
    X (Twitter) Instagram
    NinepenniesNinepennies
    • Home
    • Featured

      The Highest-Paying Jobs in America—And It’s Not in Finance!

      March 27, 2025

      7 Must-Buy Costco Sale Items Before They’re Gone This February 

      February 10, 2025

      Steel Stocks on the Rise: 3 Winners After Tariff Announcements

      February 4, 2025

      The Best Oil Stocks to Invest $200 in Right Now

      January 28, 2025

      Top 10 Best Jobs of the Year: High Demand, Six-Figure Salaries, and Bright Futures

      January 23, 2025
    • Entrepreneur News

      Walmart Addresses Trump’s Demand to Cover Tariff Costs

      May 25, 2025

      Walgreens Expands Use of Prescription-Filling Robots to Reduce Costs and Support Pharmacists During Turnaround

      May 15, 2025

      Hooters Declares Bankruptcy

      April 8, 2025

      Costco to Open 6 New U.S. Stores Next Month and Another in April—See the Locations and Dates

      February 28, 2025

      Vanguard Unveils Significant Changes to Hundreds of Funds and ETFs

      February 11, 2025
    • Financial Wellness

      Smart and Risky Spots To Store Your Cash, Coins, Crypto, and More

      April 24, 2025

      The Minimum Salary Needed to Be in the Upper-Middle Class in 2025

      March 21, 2025

      Should You Buy, Sell, or Hold Amazon in 2025?

      March 7, 2025

      From Hawaii to West Virginia: The Shocking 77-Year Gap in Retirement Savings Longevity

      February 24, 2025

      Are the 3 Highest-Paying Dividend Stocks in the Dow Jones Worth Buying?

      February 17, 2025
    • Popular Now

      European Markets Climb as Trump Moves to Cut Tariffs on Auto Parts

      May 1, 2025

      Robinhood Expands Trading to Include Bitcoin, Oil, and Gold Futures 

      January 30, 2025

      Powerball Winning Numbers for January 18: Oregon Player Takes Home $328.5 Million Jackpot

      January 21, 2025

      Morgan Stanley Surpasses Estimates With Robust Equities and Fixed Income Trading Revenue

      January 20, 2025

      10-Year Treasury Yield Edges Lower Amid Anticipation of Economic Data, Fed Remarks

      November 21, 2024
    • Wealth

      America’s 10 Wealthiest Self-Made Women, According to Forbes— #1 May Surprise You

      February 5, 2025

      8 Wealthiest Royals in History

      February 4, 2025

      One Powerful ETF That Grew $10,000 to $55,000 in a Decade: Is It Worth Buying in 2025?

      January 28, 2025

      Coinbase CEO Predicts Bitcoin Could Hit Multi-Million Dollar Value

      January 24, 2025

      Dogecoin Surged After Elon Musk’s Appointment: What’s Happening With This Popular Meme Coin?

      November 18, 2024
    NinepenniesNinepennies
    Home » Couple Forced To Sell Their $2 Million Dream House for Only $200,000
    Featured

    Couple Forced To Sell Their $2 Million Dream House for Only $200,000

    FeyisayoBy FeyisayoJuly 24, 20246 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    A house by the shore
    Source: Pinterest
    Share
    Facebook Twitter LinkedIn Pinterest Email

    What do you do when Mother Nature is about to take your house from you? You sell it—fast. However, what happens when the situation gets so bad that you can’t even find good buyers? 

    A house by the shore
    Source: Pinterest

    Do you give up or sell to the highest bidder, even if they are offering just 10% of the house’s value? Jane Carlin and her husband, Ben Gifford, faced this dilemma in the past few months before making a tough decision. 

    Jane Carlin and Ben Gifford’s House

    The couple are happily married people who have been together for decades. In 1988, they purchased their dream house in Nantucket, near the beautiful waters of the beach. 

    Jane Carlin and Ben Gifford’s House
    Source: Daily Mail

    The beautiful summer home is on a 1,700-square-foot piece of land and is a breathtaking property. Its beauty cannot be denied, as the view from the house makes it seem like a vacation palace that many would kill to have.

    Nantucket, Massachusetts 

    As mentioned earlier, the house is located in Nantucket, Massachusetts. Nantucket is a small, isolated island off Cape Cod in Massachusetts with a wide variety of beautiful beaches and views. The island is surrounded by many unpainted cedar-shingled buildings, many of which have manicured porches. 

    An Aerial of Jane Carlin and Ben Gifford’s House
    Source: Daily Mail

    Sadly, the dream town is expected to experience a sea level rise of 1.15 feet by 2040, 2.36 feet by 2060, 4.36 feet by 2080, and 6.66 feet by 2100.

    Shoreline Depletion in Nantucket

    However, this dream town is getting smaller every single year. Nantucket is losing most of its land to the ocean due to its proximity to the Atlantic Ocean. Its shorelines have depleted greatly over the years, and its habitable land has decreased significantly.

    The shoreline
    Source: Daily Mail

    Therefore, those whose houses are getting dangerously close to the ocean have had to sell their properties to avoid a disaster. Due to the high sea levels, once valued very highly, these properties now see very low offers.

    ALSO READ: 150 Miles of Unspoiled Islands, Up for Grabs at $35M

    A House Worth $1.9 Million

    What happened to Jane Carlin and Ben Gifford is a prime example of the really low offers homes close to shorelines are getting. Their beautiful home was valued at $1.9 million in the earlier months of 2024, but that is not the case anymore. 

    A house by the shore
    Source: Pinterest

    The couple tried to sell their house before Mother Nature reclaimed it with the ocean, but sadly, they were unable to get any good offers—they barely got any offers at all.

    Efforts to Save the House

    Before giving up the house, the couple had tried to save it several times. “All winter, I had been really frantically trying to see if any of the organizations would consider taking the house and moving it, and we would help with the cost of moving,” Jane said. 

    Nantucket
    Source: Pinterest

    Sadly, she was unsuccessful as companies did not want to take or move the house for them. She also tried to implement other safety measures that they could afford.

    The House Is Almost “Ready To Go In”

    While talking to the Nantucket Current, a local newspaper, Jane said that she believes the house is about ready to go into the ocean. The ocean has been relentless in the past years, and things are no longer how they used to be on the island. 

    Sea level rising
    Source: Pinterest

    “It used to be a neighborhood, and you knew who lived where. And now, if you take a drive out there, there’s not much to see,” she said. 

    An Offer for $200,000

    Due to many years of erosion and storms, Jane and Ben’s house is dangerously close to the ocean. Because of this, their house could not get reasonable offers as most buyers were scared away by the fact that the sea could swallow it all up at any time. 

    House sold
    Source: Pinterest

    Fortunately for the couple, their next-door neighbor offered them $200,000. While this is only about $10% of the property’s worth, it was the best offer they got.

    They Didn’t Put the House on the Market

    Although the couple knew they had to give up their house soon, they did not put it on the market; instead, they sent out offers to companies. 

    A house by the shore
    Source: Pinterest

    When asked why they did this, Jane said, “You don’t want to sell to someone when you know a storm could take it out next week. We wanted to be ethical and honest about it. Then this miracle dropped from the sky above, and we sold it to him for nothing.’

    The Importance of the Unexpected Offer

    Both Jane and Ben had been trying to sell off the endangered home and had just about given up when they got the offer from their next-door neighbor. “I didn’t want to see it fall into the ocean or get demolished. But I had no luck whatsoever,” Jane said. 

    Don Navarro, a wealthy businessman
    Source: Daily Mail

    Then, the neighbor, Don Navarro, a wealthy businessman, decided to offer the couple $200,000 to buy their property on Sheep Pond Road. 

    ALSO READ: Man Relocates to a 5-Star Resort Abroad, Finding It Cheaper Than Monthly Rent and Bills

    The Couple Is Happy About the Offer

    Although their neighbor’s offer is just 10% of the house’s actual value, Jane and Ben are happy they sold it. “I’m not feeling sorry for myself at all. Given the dire housing situation on Nantucket, we’re just grateful for the time we had there,” Jane said. 

    Houses by the shore
    Source: Pinterest

    Now, they are happy that they got some money back, and their beautiful house is going to their neighbor, who would value it just as they did. 

    The Neighbor Is Aware of the Situation of the House

    Vaccaro is very aware of the dire situation of the house he just bought for $200,000. As the property owner next door, he understands the dire situation that the house is facing and still bought it. 

    Houses by the shore
    Source: Pinterest

    Vaccaro also rents his adjacent property to tourists and visitors for up to $13,000 weekly. While he does not plan to live on either property, he still has a vision for the future.

    Future Plans

    Vaccaro says the house may not last more than six months before the ocean claims it. However, he plans to implement some strategies to help the house last longer. “The easiest is sea grass planting – which should be done within weeks. 

    Nantucket
    Source: Pinterest

    The second is V-shaped, low-height (less than 1 foot) bio-degradable silt fencing, which has been successful in a few other areas to a degree,” he explained.

    You Might Also Like:

    A Family Hangs a Painting on Their Wall for Decades, Only To Discover It’s Worth Over $100K

    Man Relocates to a 5-Star Resort Abroad, Finding It Cheaper Than Monthly Rent and Bills

    Financial Revolution: Former UNC Star Player Discusses Earnings From NIL Deals

    Serena Williams Reveals the Funny Story Behind Her First $1M Check Deposit on “Hot Ones”

    Shop These New Dollar Tree Items at Unbelievable Prices!

    house Nantucket Property real estate
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleChicago Man Fights Back As His Property Tax Jumped From $1,800 to $30,000 in 2024
    Next Article US Officials Raise Alarm Over Fraudulent SNAP Transactions 

    Related Posts

    Editor's Picks

    The Highest-Paying Jobs in America—And It’s Not in Finance!

    March 27, 2025
    Featured

    7 Must-Buy Costco Sale Items Before They’re Gone This February 

    February 10, 2025
    Featured

    Steel Stocks on the Rise: 3 Winners After Tariff Announcements

    February 4, 2025
    Add A Comment

    Comments are closed.

    Top Posts

    How to Delete Credit Karma Account: Step-by-Step Guide

    October 14, 2024

    Home Depot Penny Items: How To Find Them

    October 17, 2024

    Introducing the 2025 Caterpillar Pickup Truck for the U.S. Market

    September 5, 2024
    Stay In Touch
    • Twitter
    • Instagram
    You Might Like

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Most Popular

    How to Delete Credit Karma Account: Step-by-Step Guide

    October 14, 2024

    Home Depot Penny Items: How To Find Them

    October 17, 2024

    Introducing the 2025 Caterpillar Pickup Truck for the U.S. Market

    September 5, 2024
    Our Picks

    Expert Predicts Summer 2025 Travel Deals: 5 Budget-Friendly Destinations to Book Now

    May 28, 2025

    Walmart Addresses Trump’s Demand to Cover Tariff Costs

    May 25, 2025

    Walgreens Expands Use of Prescription-Filling Robots to Reduce Costs and Support Pharmacists During Turnaround

    May 15, 2025
    X (Twitter) Instagram
    • Home
    • Editor’s Picks
    • About Us
    • Get In Touch
    • Privacy Policy
    • Terms of Use
    • Editorial Standards
    © 2025 Ninepennies.

    Type above and press Enter to search. Press Esc to cancel.