Stunning $2M 'summer palace' sells for jaw-dropping $200,000

A stunning Nantucket summer home once worth nearly $2 million has been sold for just $200,000 - and the owners couldn't be happier about it.

Jane Carlin and Ben Gifford, who purchased their dream getaway on Nantucket's west end in 1988, have been forced to sell their beloved property for a fraction of its value as Mother Nature is threatening to reclaim it.

The 1,700-square-foot home, assessed at a whopping $1.9 million in 2024, now sits dangerously close to the Atlantic Ocean after years of relentless erosion have eaten away at the shoreline.

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