It's My Listing, But I Can't Confirm the Price ($55 Million) or My Seller's Name (Jon Winkelried of Goldman Sachs)

By
Mortgage and Lending with SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171)

Goldman Sachs President & COO Jon Winkelried is looking for a buyer for his 5.9 acre Monomoy property on Nantucket Island.  The New York Times ran an article yesterday announcing the sale, reporting that "Mr. Winkelried's listing agent confirmed a memo sent to members of the Nantucket Association of Real Estate Brokers saying that the property was for sale. She would not confirm that Mr. Winkelried was her client."

Two paragraphs later in the Times article, I read "The property is being offered for sale privately and isn't being listed with NAREB members..."  Okay.  I'm confused.  He has a listing agent, but this is something akin to a pocket listing?  And neither the seller's identity nor the status of the listing is a matter of public record? 

It's a mystery.  I dug a little deeper.  The New York Times credits an article on the Daily News Tribune's website announcing the offering.  That article includes the following:

Broker-agent Linda Bellevue, Congdon & Coleman"A memo obtained by The Nantucket Independent, which was sent to all Nantucket Association of Real Estate Brokers members on Oct. 7 from Congdon & ColemanReal Estate broker Linda Bellevue, Winkelried's listing agent, with an aerial photo of the two lots, confirmed that the property is for sale.

Sources close to The Nantucket Independent confirmed the asking price as $55 million and that the property is being offered for sale privately and not being listed with all NAREB members.

Bellevue said she signed a confidentiality agreement with her client and would neither confirm the asking price nor the name of her client. She said her client was a very private person."

I searched the Congdon & Coleman website, but neither Winkelried's home on 1.7 acres nor the adjacent lot are listed for sale on the website at the moment.

I'm Mike in Tucson, your preferred Tucson, Arizona mortgage lender.
Mike Jones (Tucson Mortgage Company, LLC): Loan Officer in Tucson, Pima County, Arizona
Think of me as your Tucson expert.

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Topic:
Real Estate General Information
Location:
Massachusetts Nantucket County Nantucket Monomoy
Groups:
Adventures in Real Estate
Posts to Localism
Realtors®
The Ninety-ninth Percentile
Tags:
mike in tucson
congdon and coleman
linda bellevue
jon winkelried
monomoy property

Comments 6 New Comment

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Ambassador
2,344,090
Lenn Harley
Real Estate Broker - Virginia & Maryland
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate

Oh Mike.  This is priceless.  These folks are just about as transparent in their real estate dealings as they are in their company transaction. 

One thing for sure.  You can bet that they won't be dealing with a buyer who is represented by a skilled buyer's agent.

 

October 11, 2008 07:02 AM
Rainmaker
248,069
Kent Simpson
Real Estate Is About People
Tierra Antigua Realty - Downtown

Found this info under a "Name Search" in the Nantucket County Assessor's site:

Nantucket Assessor's Assessed Value Of Winkelreid Property

Nantucket Assessor's Record Of Last Sales Price On Winkelreid Property

 

 

If it is the same property, sure seems like a better investment than his company's stock!

October 11, 2008 12:01 PM
Rainer
32,098
Andy Raffle
Team Leader - NMLS#156564
Emery Federal Credit Union

1.7 acres is kinf of small.  Do you know if I can buy the lot next door as well?

October 11, 2008 06:41 PM
Rainmaker
573,777
Terry & Bonnie Westbrook
Westbrook Realty - Grand Rapids Forest Hills MI Re
Westbrook Realty Broker-Owner

I am guessing the market for some high end properties from the Wall Street people may be quite active soon. How about we just trade him up to an 8 x 10 rent free room and we take this property.

October 11, 2008 08:50 PM
Rainmaker
605,739
Sharon Simms
St. Pete FL - CRS CIPS CLHMS RSPS
Coastal Properties Group International

On the very high end, it's hard to keep the ownership a secret - very few properties fit a particular description.

October 11, 2008 09:38 PM
Ambassador
716,652
Mike Jones
Mike Jones NMLS 223495
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171)

Sharon,

It's not the ownership that surprised me.  It's the fact that the listing itself is a mystery.

Terry,

Because this is the USA?  LOL

Andy,

The lot next door is included in the listing.  Click the link to the Daily News Tribune article, and there's a google map outlining the residence and the adjacent lot.

Kent,

That would be the property.  Click the link to the DNT article; you'll appreciate it.

Lenn,

Thanks for being the first to comment.  I knew you'd get a kick out of this!

Mike in Tucson

October 11, 2008 10:16 PM
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Mike Jones

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