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Homebuyer’s ‘crazy’ $899K bet on a crumbling Nantucket cliff is still standing 5 years later

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Cite

Jacob, M. K. (2026, September 24). Homebuyer’s ‘crazy’ $899K bet on a crumbling Nantucket cliff is still standing 5 years later. New York Post. https://nypost.com/2026/09/24/real-estate/homebuyers-bet-on-a-crumbling-nantucket-is-still-standing/

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

New York Post · collected 2026-09-24 · by Mary K. Jacob

Quick Summary

Charles Fotopoulos and his wife bought a dilapidated cottage on Nantucket’s Sconset Bluff for $899,000 in September 2021, despite its precarious location near a cliff edge prone to erosion. Five years later, the house remains standing, though only a few feet from a 40-foot plunge to the beach. The purchase was seen as risky given that previous owners paid nearly $1.5 million for it and lost significant value when neighboring properties succumbed to the encroaching ocean. Fotopoulos acknowledged the risk but believed he could recoup his investment through rental income, which ranged from $10,000 to $29,500 per month over the years. The home’s stability was partly due to geotubes installed at the base of the bluff to mitigate erosion.
Written by AI on 2026-09-24, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

In September 2021, Charles Fotopoulos and his wife Miglena bought a 1951 cottage at 93 Baxter Road on Nantucket for $899,000. The house sits precariously near the edge of Sconset Bluff, where the ocean has been eroding the land for decades. When they purchased it, only about 200 feet separated the home from the water's edge; now just a few feet remain before an 40-foot drop to the sand. Despite warnings and skepticism, the couple invested in geotubes as a DIY stabilization method without official approval from Nantucket’s Conservation Commission. As of five years later, the house remains standing but barely, with Fotopoulos initially hoping for only five years out of his risky investment.

Written for “Crumbling Cliff House Survives” on 2026-11-01, grounded in this article and the 0 other(s) covering the same event.

Story

📰 Crumbling Cliff House Survives
Environment · 1 article(s) covering the same event.

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How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
48
sentences that state something as happening or true
Uncertain
6%
3 of 48 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
66/100
New York Post's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Environment
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-24 · how these are computed

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Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

New York Post · 15868 article(s) · 35 correction(s) detected
Running correction rate · 35 correction(s)

Who wrote this

Mary K. Jacob
25 article(s) here · 1 carrying a prediction
🔮 Fairmont revealed Wednesday that the 119-year-old landmark will go dark in January so crews can restore its storied exterior, a job expected to take at least four years and possibly stretch into 2031.
🔮 The ask was later slashed to $10.75 million, and the house went into contract on May 29.
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🔮 Bloomberg previously reported a starting price of $4 million, and a May sales announcement put the floor at $5 million with two-bedrooms in the mix.
🔮 “The opportunity to bring one of the greatest universities in the United States of America to Miami will change the very fabric of this city for centuries to come,” he said in public comments last week.
2026-10-09 · assertive framing · Is Ken Griffin building his own city inside Miami?
🔮 Specifically, the Grodnicks sued real estate franchise giant Keller Williams, franchisee Adele DeMoro LLC and agent Hong Jing in Mercer County Superior Court under the state Consumer Fraud Act, seeking triple damages.
🔮 Once the seller signed off, the would-be rivals were out of luck.
🔮 The difference now, he said, is that the long-predicted wave has finally shown up.
🔮 A full medical practice is slated for the ground floor, a doctor will answer texts at all hours and, for anyone too sick or too busy to head downstairs, the care rides up to the unit.
Also by Mary K. Jacob
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 25 articles by Mary K. Jacob →

Topics

Freemans Lowell Massachusetts Nantucket Westwood

Subjects

Freemans NORP · 2× Howarth PERSON · 2× Charles PERSON · 1× Charles Fotopoulos PERSON · 1× Fotopouloses PERSON · 1× Lowell GPE · 1× Massachusetts GPE · 1× Miglena PERSON · 1× Nantucket GPE · 1× Westwood GPE · 1×

Narrative

In 2010 they hauled the house back toward Baxter Road, and in 2017 they took a DIY approach to shoring up the top of the bluff, work the island’s Conservation Commission never approved and slapped them with an enforcement order over.
framing: assertive · carried by 1 article(s) · first seen 2026-09-24
🔮 The new owners may have tried a similar play.

Claims (48 extracted, 3 hedged)

He asked the Atlantic for five years. asserted
He → ask → years
So far, the Atlantic has kept its end of the bargain. asserted
Atlantic → keep → bargain
Massachusetts car dealer Charles Fotopoulos and his wife, Miglena, snapped up 93 Baxter Road, a 1951 cottage clinging to the edge of Nantucket’s storied Sconset Bluff, for $899,000 in September 2021. asserted
Fotopoulos → snap → September
On an island where eight-figure price tags barely raise an eyebrow, it was one of the rare deals that year to come in under seven figures. asserted
it → raise → figures
Just a few feet of ground now separate the back of the home from a 40-foot plunge to the sand. asserted
feet → separate → sand
When it was built, the ocean sat hundreds of yards away. asserted
ocean → build → yards
Over the decades, the retreating bluff has swallowed a string of the neighbors. asserted
bluff → retreat → neighbors
The Fotopouloses, who run dealerships in Lowell and Westwood, went in with their eyes wide open. asserted
who → run → eyes
“It was cheap and I said ‘hey, I’ll buy it’,” Charles told the Nantucket Current back when the deal closed. asserted
deal → say → Current
“The foundation is structurally sound, and with the geotubes there, unless we have a killer storm, I think we’re safe. asserted
we → have → storm
A lot of people think I’m crazy, but if I get five years out of it, I think I’m good. asserted
I → think → it
I’ll take that any day. asserted
I → take → that
“It’s both a great view, and a scary view,” he said. asserted
he → ’ → ?
The sellers took a beating. asserted
sellers → take → beating
Steven and Erin Freeman paid $1.53 million for the place in 2007, when a comfortable 50 to 70 feet of land still stood between the house and the drop. asserted
feet → pay → house
They walked away roughly $631,000 poorer. asserted
They → walk → ?
Their broker, Jamie Howarth, said nobody was fooled. asserted
nobody → say → ?
“They knew the risks going in,” Howarth said in 2021. asserted
Howarth → know → 2021
“I was clear with him and we were clear with him that there was serious risk.” asserted
we → be → him
The Freemans didn’t surrender quietly. asserted
Freemans → surrender → ?
In 2010 they hauled the house back toward Baxter Road, and in 2017 they took a DIY approach to shoring up the top of the bluff, work the island’s Conservation Commission never approved and slapped them with an enforcement order over. asserted
Commission → haul → order
The couple were also active in the Sconset Beach Preservation Fund, the well-heeled homeowner group bankrolling the geotubes. asserted
couple → heel → geotubes
Howarth figured the Freemans probably clawed back their loss and then some through summer rentals, with peak weeks fetching up to $10,000. asserted
weeks → figure → 10,000
The new owners may have tried a similar play. uncertain
owners → try → play
Listing records show the home was advertised as a rental in September 2025 at $10,000 a month, and this past summer, it rented for $29,500 per month. Fotopoulos, for his part, insisted the numbers penciled out. “It is what it is. asserted
it → show → part
It’s a hole in the ocean on Nantucket. asserted
It → ’ → Nantucket
It’s really worth $8 million if you really think about it. asserted
you → ’ → it
The next comp down the street is $8.4 million,” he said at the time. asserted
he → say → time
Today, similar comps on the island with oceanfront views have homes listed between $11.5 million to $29 million. asserted
comps → have → million
His safety net was the geotubes, massive fabric sacks packed with sand and parked at the base of the bluff to absorb the surf. asserted
net → pack → surf
They have slowed the erosion along that stretch. asserted
They → slow → stretch
They have also become the most bitterly contested pile of sand on the island. asserted
They → become → island
The Conservation Commission voted in 2021 to rip them out. asserted
Commission → vote → them
The preservation group simply ignored that order. asserted
group → ignore → order
After fresh collapses left big sections stripped bare, the commission’s chair warned in March that the project could be nearing “complete failure.” uncertain
project → leave → failure
A winter storm packing gusts above 80 mph scoured away even more sand. asserted
storm → pack → sand
The fight over expanding the wall has zigzagged ever since. asserted
fight → expand → wall
Voters at the Town Meeting narrowly shot down the expansion this spring, a vote that blocks the 3,000-foot extension no matter what happens in court or at the state level. asserted
what → shoot → level
A Superior Court judge nonetheless sided with the expansion permit in August, and the commission has signaled it may let the group patch a section damaged in what officials called suspected vandalism back in January. uncertain
officials → side → January
Then state environmental regulators fired off an Aug. 31 letter flagging a dozen unresolved problems with the proposal, and the Select Board has so far refused to promise voters a second crack at it. asserted
Board → fire → it
…and 8 more, not listed.
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