A waterfront mansion with presidential ties hits the industry in Manchester-by-the-Sea – Getting, News
A historic Manchester-by-the-Sea property with ties to a presidential family has hit the sector, but there’s a catch. Nicely, numerous of them.
Five years following getting donated to Historic New England, a nonprofit dedicated to amassing and preserving the region’s past, the mansion at 9 and 11 Coolidge Level is getting offered to the community for the to start with time.
Formerly owned by family members of late president Calvin Coolidge, the dwelling, 1,074-square-foot detached garage (with a 50 percent bath), and 15.1-acre grounds had been donated to Historic New England in 2016, but the nonprofit stated the residence for $10,250,000 in late July.
The 4,416-sq.-foot house is a brick Georgian modeled right after the 18th-century George Wythe Dwelling in Colonial Williamsburg, Va. Built in 1968, it is not especially aged, but the listing agent, Lanse Robb of LandVest Genuine Estate, stated it was “renovated and designed to the utmost integrity of that period design and style.”
The property’s significance can largely be attributed to the grounds on their own, which are proper on the waterfront and primarily undeveloped. “It’s a find,” Robb mentioned. “Fifteen acres on the drinking water any where, a lot much less Manchester-by-the-Sea. It’s type of exceptional.”
The property contains additional than 800 ft of coastline alongside Kettle Cove, which transforms into a sandy seashore when the tide recedes. The pond sits northeast of the household and the 3-car garage, and a small, stone-lined channel sales opportunities out to it. Two footbridges enable people to cross the channel and arrive at a back garden on the other facet.
The residence by itself incorporates four bedrooms, 3 entire bathrooms, and a fifty percent bath the ground flooring also features a foyer, library, mudroom, eating area, and kitchen area, with five fireplaces involving them. Two bedrooms on the second floor forget about 12-acre Coolidge Pond, and each features its personal hearth as effectively.
But there is a capture. Due to its beauty and cultural importance, the residence arrives with ironclad constraints, for every the ask for of the Coolidge family members. The three independent restriction documents are supposed to retain the property’s “historic, architectural, cultural, scenic, and aesthetic value and significance,” according to a push launch.
The to start with restriction is a perpetual conservation restriction held by the Essex County Greenbelt, safeguarding the land from environmental threats like dumping, clearing, mining, and making more parking spaces. The second is a 200-yr personal restriction imposed by The Trustees of Reservations Coolidge Reservation and fears only the 4.46 acres designated as 11 Coolidge Position. It prevents the entrepreneurs from developing new buildings and calls for them to retain the forest. The conservation and personal constraints also protect against making on the other 10.64 acres, way too. The third is a historic preservation restriction held by Historic New England that prevents the proprietor from altering the exterior of the household and the lobby without the need of approval from the group. Other changes may well be subject to Historic New England’s approval.
“You just cannot subdivide and make yet another house or do factors of that character,” Robb reported, noting that other renovations are still possible. “You can insert on to the dwelling, you can increase onto the garage, but you just can’t build other dwellings, barns, [or] issues of that character on the assets.”
Subscribe to the Globe’s free of charge actual estate newsletter — our weekly digest on shopping for, providing, and structure — at internet pages.e mail.bostonglobe.com/AddressSignUp. Adhere to us on Fb, LinkedIn, Instagram, and Twitter @globehomes.