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At the same time, he’s developed several wildly popular brands, including Barstool and the “One Bite Pizza Reviews,” which he spun off into a festival that took place last weekend. His reviews can boost restaurant revenue up to 50 percent, the WaPo said, and a fund he created to support restaurants and small businesses during the pandemic raised millions of dollars. Shellie Dunlap of Lee Real Estate, represented the sellers, identified only as known as the MAK Daddy Trust and MAK Shack Trust, while Peter Engen of Lee Real Estate, represented Portnoy. According to their founder, “This year, we have focused on improving our technology by automating our ordering process for customers and fulfillment process for couriers. Pre-arrival delivery for travelers checking into vacation rental homes has proved to be the core of our business.
Barstool Sports Founder Dave Portnoy Buys $42 Million Nantucket Compound, A New Record
For something upscale, head to nearby Dune for Atlantic halibut with coconut-lemongrass broth and chili-rubbed shrimp tostadas. For a good old fashioned Nantucket clam bake—replete with the essentials like steamers, mussels, clam chowder, lobster, corn on the cob, potatoes, butter, and broth—look no further than Sayle’s Seafood. Starting at $42 per person, the bake can be made to-go or catered; add-ons include shrimp cocktail, oysters on the half shell, and cheese platters. Surfside Beach is a little further out on the south of the island and accessible via bike path. Vast and sandy with a rougher surf, it attracts beachcombers scanning the shoreline in the mornings, kite flyers on the west end as the sun goes down, and surfcasters fishing in the evening. David Portnoy, the Barstool Sports founder known as “El Pres,” will be spending his summers off the coast of the Cape.
Dave Portnoy's New $67 Million Palace Proves He's Frat Bro Royalty - Man of Many
Dave Portnoy's New $67 Million Palace Proves He's Frat Bro Royalty.
Posted: Mon, 27 Nov 2023 08:00:00 GMT [source]
Barstool’s Dave Portnoy buys Nantucket home for state-record $42M
"Nantucket has always been my favorite place on earth," Portnoy posted to X, formerly known as Twitter. "I went from being able to afford renting for a day to a weekend to a week to a month to renting for the entire summer to buying a house to now buying a house beyond even my wildest imaginations." The compound boasts a main residence, a lavish pool area and separate guest quarters, all elegantly designed by renowned architecture and design firm Workshop/APD.
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In 2016, the property’s sellers purchased the adjacent parcels and demolished existing homes that were on the lots. Then they constructed a new estate, which features a main residence, separate guest quarters and a pool. The main house was designed by Andrew Kotchen of Workshop/APD and features a primary suite with an indoor-outdoor shower and foldaway glass doors that open up to the harbor, Dunlap told The WSJ. The listing says there is a furnished beachfront main house and two guest quarters, all with "unrivaled harbor views from virtually every room, as well as the infinity pool and decks."
Nantucket-based Lee Real Estate was involved in the transaction, with broker and rental specialist Shellie Dunlap on the sell-side and sales and rental agent Peter Engen on the buy-side, The Journal reported. That home is about 6,100 square feet in size, built in 1939 on a 1-acre lot. It also includes a pool, as well as nine bedrooms and eight-and-a-half bathrooms.
Real Estate
The purchase includes two separate lots that have been developed as a single property - 72 and 68 Monomoy Road - and the estate had not been listed for sale on the market. The closing price includes roughly $2 million worth of furniture and amenities in the fully furnished estate. Portnoy founded Barstool Sports in 2003 as a Boston-based sports publication, though in recent years it has grown into a massive media brand based in New York City, covering national sports and pop culture, and often in an irreverent or controversial manner. In 2019, gambling company PENN Entertainment bought a 36% stake in the company for $163 million before purchasing the remainder of the company for $388 million.
Portnoy also hosts an online show called One Bite Pizza Reviews, in which he tastes pizzas from around the world. If you're a fan of '80s flicks starring John Cusack, then you're probably very familiar with the most excellent comedy One Crazy Summer starring the 1408 star and Demi Moore. The movie's set on the idyllic island of Nantucket, which is not only responsible for providing delicious bottled juices, but an amazing New England atmosphere that's a top vacation destination (and home!) to celebrities like Dave Portnoy of Barstool Sports fame. Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you. "Not only is this a record sale for Nantucket (eclipsing the prior record of $38M), but also the highest sale in the Commonwealth of Massachusetts," Dunlap said.
The home, called “Path’s End,” boasts an in-ground pool, a stone patio, a small deck, and a few healthy blue hydrangea bushes. The almost one-acre property is also situated next to a sprawling conservation area. Portnoy is not new to Nantucket real estate, although the media exec hasn’t reached such great heights in the past — according to records, he previously purchased a home on Nantucket for about $2 million. The property’s two-bedroom guesthouse and a separate studio are connected to the main house by an underground tunnel. The property, which was completed around 2018, encompasses about 1.2 acres with 180-degree Nantucket Harbor and town views with direct frontage on the harbor.
Barstool Sports founder Dave Portnoy breaks Nantucket record with $42 million house purchase - MarketWatch
Barstool Sports founder Dave Portnoy breaks Nantucket record with $42 million house purchase.
Posted: Sat, 30 Sep 2023 07:00:00 GMT [source]
In August, we launched a gig-courier system, enabling local community members to sign up, fulfill orders, and earn premium wages through Pampr’s platform.” This has not only created earning potential for locals but has also increased the capacity for Pampr. Earlier this year, prolific property collector Dave Portnoy bought a humble ranch-style house in the Saratoga Springs neighborhood of Upstate New York, just steps from the area’s famed thoroughbred race track. By providing your information, you agree to our Terms of Use and our Privacy Policy. We use vendors that may also process your information to help provide our services.
Almost everything needs to be delivered by boat, which includes packaged goods and groceries. A $4 box of cereal in a mainland Walmart will cost close to double on the island (something I became very familiar with when I visited Haines, Alaska for Ghost Hunters and on vacation in Block Island with my brother the same year Portnoy purchased his home). Barstool Sports founder Dave Portnoy has a massive new home on Nantucket that he reportedly acquired in a recent transaction that broke at least two sale records.
"Nantucket has always been my favorite place on earth," Portnoy said in a post on X (formerly Twitter). Portnoy’s new property is down the street from a 3.5 acre estate that set the state’s previous record in July when it sold for $38.1 million. Portnoy’s waterfront home purchase set a new record for Nantucket and the state of Massachusetts. The estate features a main house, guest house and studio that are connected by an underground tunnel. NANTUCKET, Mass. — Barstool Sports founder Dave Portnoy reportedly purchased a waterfront mansion on Nantucket for $42 million -- the most expensive real estate transaction in the history of the island and the entire state.
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