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Louis L. Ceruzzi, Jr.

Real Estate
Nantucket Home With Theater, Game Room Sells For Massive Sum Nantucket Home With Theater, Game Room Sells For Massive Sum
Nantucket Home With Theater, Game Room Sells For Massive Sum An investor who sold veteran news anchor Diane Sawyer’s $24 million “Chip Chop” property on Martha’s Vineyard has sold a more expensive property, this time on the island of Nantucket. The luxury estate at 5 Grant Ave. in Nantucket was sold on Jan. 18 under the asking price of $26 million by private-equity investor David Malm after buying it for just under $20 million, according to the Wall Street Journal. Malm told the newspaper that the property was to be turned into a luxury rental spot, but “there is a price for every asset.” Related: Diane Sawyer Sells 'Chip Chop' On Martha's Vin…

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