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31 Millbrook Rd, Nantucket, MA, 02554

3beds
3baths
1,788sqft
$2,995,000
$1,675price/sqft
$18,453/moest. monthly cost
$738,120/yrincome needed

About This Home

Nestled on a beautifully landscaped half-acre lot in one of Nantucket's most desirable locations, this classic three-bedroom, three-bath Cape-style home is ready for its next chapter. Just minutes from Bartlett's Farm, Cisco Brewery, 167 Raw, and the sandy shores of Cisco Beach, the property offers an exceptional blend of convenience and island charm. The property is ready for a new owner to envision the next chapter. This is a rare opportunity to create a lasting island retreat with expansion potential in an unbeatable setting.

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

--
6/10
5/10
Nantucket High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1989

Materials

  • Foundation: Block

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Stove: Gas,Washer: Maytag

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Ins,Floor 1: Open living room with fireplace divides the dining area,with deck access) and kitchen from the living room. Bathroom with shower and laundry area. Two car garage (attached),with expansive patio.,Floor 2: Second floor: off main area has two bedrooms which share a full bath (shower) plumbed for a tub. Separate stairway leads to space above the garage with a family room,kitchenette,full bath (shower) and bedroom.
  • Flooring: Yellow Hard Pine
  • Fireplace features: 1

Heating

  • Heating features: OFHW

Interior Area

  • Total structure area: 1,788
  • Total interior livable area: 1,788 sqft

Property

Details

  • Parcel number: 315
  • Zoning: R20

Features

  • Exterior features: Garden,Patio,Deck
  • Has view: Yes
  • View description: None,Res
  • Frontage type: None

Lot

  • Lot size: 0.46 Acres
  • Features: None Known.,Yes

Parking

  • Parking features: Yes
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $15,144$181,728
Home Insurance *$2,143$25,716
Property Taxes $812$9,744
Electricity $354$4,259
Total$18,453$221,436
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$632,674/yr
40% on housing$553,590/yr
45% on housing$492,080/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 29.1%
29.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,675This listing

vs Other Active Listings

Avg $/sqft

ZIP 02554$1,611
Nantucket County$1,611

vs Homes Sold Last Month

Median $/sqft

ZIP 02554—
Nantucket County$729

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-08Listed for sale$2,995,000
1993-09-03Sold$217,000

For Sale by Agent

AgentLinda Bellevue
BrokerageAtlantic East Nantucket Real Estate

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