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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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90 Manaquayak Rd , West Tisbury, MA 02575
$7,330,000
Est. Payment: $16,288.89/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 13
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AN1252 - CN214339
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House Description

Lambert’s Cove Inn & Resort is an upscale hospitality asset in West Tisbury, Martha's Vineyard, operating as a 15-room boutique hotel spread across a historic farmhouse, restored stable, and barn. The property generates three distinct revenue streams through its luxury lodging, the high-end restaurant (seating up to 70–80 guests), and its status as a premier wedding venue featuring an English Garden and Great Lawn. The 8- acre estate is being offered for sale with a brand-new 5-year triple-net (NNN) lease yielding $55,000 per month at a 9% Cap Rate, providing a stable passive income opportunity for an investor while the operator manages the day-to-day hospitality and event services. Lamberts Cove represents a rare opportunity to acquire a scaled, income-producing boutique hospitality asset in one of the most supply-constrained resort markets in the United States. Established in 1790 and comprehensively renovated in 2022, the property combines irreplaceable historical character with modern operating infrastructure. The combination of limited competitive supply, meaningful land scale, and enduring destination demand positions Lambert’s Cove Inn as a defensible hospitality investment with stable operating fundamentals and long-term value preservation.

Highlights

Listed by Matthew Pierce , 781-718-9268 Marcus & Millichap Real Estate Investment Services , 617-896-7200.

Property Type

Commercial Sale

Year Built

1790

County

Dukes

Listing ID

73572001

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Zoning:Legal Conforming
Principal Interest
$16,289
Taxes
$0

Home Price

$7,330,000

Loan Details

30 yrs
%

Down Payment

20%
$1,466,000
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Monthly Price:
$16,288.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $16,288.89 $0.08 $0.00 $16,288.97
Yearly $195,466.67 $1.00 $0.00 $195,467.67
Total $5,864,000.00 $30.00 $0.00 $5,864,030.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (West Tisbury, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.