Nantucket cliffside home survives five years despite erosion warnings
Charles Fotopoulos and his wife bought 93 Baxter Road on Nantucket for $899,000 in 2021, despite warnings that coastal erosion could send the house into the Atlantic. The gamble appears to have paid off so far, as the property has survived five years with only a few feet separating it from a 40-foot cliff.
The home’s previous owners bought it for $1.53 million in 2007, when it stood 50–70 feet from the cliff, but later sold it at a $600,000 loss. Shoreline geotubes and earlier stabilisation work appear to have slowed the erosion, although the property’s long-term future remains uncertain; it was built in 1951 when the beach was hundreds of yards away.
- Nantucket cliffside house has survived five years despite severe erosion risks.
- It sold for $899,000 after previous owners suffered a $600,000 loss.
- Geotubes and stabilisation work may have delayed the property’s collapse.
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Originally published by Daily Mail as “Millionaire bought Nantucket home atop cliff for pittance despite warnings it would likely crumble into ocean… but he now appears to have beaten nature in spectacular style”.