Earlier this year, a waterfront house on Nantucket made headlines after its listing price plummeted 74% in the span of about six months. The three-bedroom, two-bathroom home dropped from $2.3 million all the way down to $600,000 after 70 feet of nearby shoreline was eaten away in Nor’easter, putting the property at risk.
But the ranch-style house on the southern shore of the island off the coast of Massachusetts isn’t an anomaly. And with thousands of structures at risk, the issue of who pays for climate projects on Nantucket, and how much, is already playing out.
