Goldman-Sachs executive selling 5.9 acres for $55 million

PHOTO BY DANIEL DRAKE Goldman-Sachs executive Jon Winkelried reportedly put his Monomoy estate on the market last week for $55 million. Co-chief operating officer and copresident of Goldman Sachs Group, Inc. Jon Winkelried is reportedly offering his 5.9 acres of Nantucket property on two lots on the Monomoy waterfront for the asking price of $55 million.

A memo obtained by The Nantucket Independent, which was sent to all the members of the Nantucket Association of Real Estate Brokers on Oct. 7 by Congdon & Coleman Real Estate broker Linda Bellevue, Winkelried's listing agent, included an aerial photo of the two lots and confirmed that the property is for sale.

Sources close to The Nantucket Independent confirmed the asking price as $55 million and that the property is being offered for sale privately and not being listed with all NAREB members.

Bellevue said she signed a confidentiality agreement with her client and would neither confirm the asking price nor the name of her client. She said her client was a very private person.

Winkelried's property consists of 1.7 acres at 11 Cathcart Road currently assessed at $4,817,600, which, according the Town of Nantucket's Tax Assessor's office, Winkleried purchased for $1,950,000 on Sept. 10, 1999 and 4.18 acres at 15 Cathcart Road now valued at $20,592,800 that he bought for $5,000,000 on Jan. 4, 1999.

The large shingled main house with a dual gambrel façade and twin chimneys closest to the water on the bigger of the two lots at 15 Cathcart Road contains a moth-proof cedar closet, a wine storage room, pool room, six bedrooms and three fireplaces, according to the listing document.

Winkelried, Goldman Sachs' COO and copresident since 2006, earned $53.1 million in 2006 and is listed eighth out of the 25 highest paid men in the country by Fortune Magazine in its 2007 25 Highest Paid Men listing.

Should Winkelried's Nantucket property sell for $55 million, it would be the highest amount ever paid for residential property on Nantucket.

Currently, the record is held by Nantucket Lot 51, LLC, which purchased 9.5 acres at 135 and 137 Eel Point Road from Samuel Sichko, Eric Frost and George Frost of Calm Waters Trust for $26.5 million in August 2007 for sole purpose of preventing .87 of a mile of Eel Point Road from being paved as part of a five-lot subdivision approved by the Planning Board that month.

Following that acquisition are two purchases tied for second place: Ducks Crossing, LLC's early September procurement of 32 Easton St. for $19.5 million from Dickon Pownall-Gray and Lisa W. Pownall-Gray of Weston, Conn. and the May 2000 purchase of 65.1 acres at 169 Eel Point Road by Douglas J. Bean for that same amount.