Bloomberg News

Caroline Kennedy Selling Martha’s Vineyard Land for $45 Million

May 02, 2013

Caroline Kennedy, the only surviving child of the late President John F. Kennedy, listed for sale about 90 acres of land in Martha’s Vineyard, a resort island off the Massachusetts coast.

Two waterfront parcels in the town of Aquinnah are on the market -- a 39.5-acre (16-hectare) property available for $20 million, and a 53.5-acre piece for $25 million, according to the listings for 6 Red Gate Farm and 8 Red Gate Farm.

“An exclusive waterfront property with incredible views of Squibnocket Pond, with further views over towering sand dunes to the Atlantic Ocean,” the listing for 6 Red Gate Farm reads. “Plenty of privacy with varied topography and easy pond access. Yours to create a marvelous estate.”

The land is part of a 366-acre stretch that has been private since Jacqueline Kennedy Onassis bought it in 1978, said John O’Connell, broker and owner of Vineyard Realty Group in Edgartown, Massachusetts.

The property is “a piece of the island that very few people have seen,” said O’Connell, who isn’t involved in the sale.

Corporate records for Red Gate Farm LLC, which owns the land, lists Edwin A. Schlossberg as the person responsible for the parcels. He is the husband of Caroline Kennedy, who is expected to be Obama’s choice as the next U.S. ambassador to Japan.

To contact the reporter on this story: Prashant Gopal in Boston at pgopal2@bloomberg.net

To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net


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