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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
David Malm Sells $26M Nantucket Home With Theater, Game Room 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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