90 Manaquayak, West Tisbury MA 02575
West Tisbury, MA 02575
$7,330,000
Est. $37,265/month
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About this home
Lambert’s Cove Inn & Resort is an upscale hospitality asset in West Tisbury, Martha's Vineyard, operating as a 15-room boutique hotel spread across a historic farmhouse, restored stable, and barn. The property generates three distinct revenue streams through its luxury lodging, the high-end restaurant (seating up to 70–80 guests), and its status as a premier wedding venue featuring an English Garden and Great Lawn. The 8- acre estate is being offered for sale with a brand-new 5-year triple-net (NNN) lease yielding $55,000 per month at a 9% Cap Rate, providing a stable passive income opportunity for an investor while the operator manages the day-to-day hospitality and event services. Lamberts Cove represents a rare opportunity to acquire a scaled, income-producing boutique hospitality asset in one of the most supply-constrained resort markets in the United States. Established in 1790 and comprehensively renovated in 2022, the property combines irreplaceable historical character with modern operating infrastructure. The combination of limited competitive supply, meaningful land scale, and enduring destination demand positions Lambert’s Cove Inn as a defensible hospitality investment with stable operating fundamentals and long-term value preservation.
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Property History
Property Timeline
Listed for Sale
Sep 4, 2026
$7,330,000
Original listing
Office: Marcus & Millichap Real Estate Investment Services
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/04/2026 | 🏠 Listed for Sale | $7,330,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $1 | — |
Financial Details
Annual Property Tax
$1
Tax Year 2025
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1790
Lot Size
0.0000
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
None
Financial
Annual Tax
$1
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Dukes
Property Overview
Listing Type
For Sale
Year Built
1790
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
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Construction & Materials
Year Built:
1790
Structure Type:
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Heating, Cooling & Utilities
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Nearby Schools
School District
Martha's Vineyard School District local
School Safety
2024-25
5.0%
Above Average
5.0%
Suspensions
1.3%
In-School
0.5% below state avg
Elementary Schools
3 schools
C-
Martha's Vineyard Public Charter School
1.1 mi
|
#302 of 346
|
Score: 37.8
Dropped 33 spots from last year
-20.4 below state avg
164 students
Moderate
College Ready Curriculum
Grades K-12
B
West Tisbury Elementary School
2.1 mi
|
#164 of 352
|
Score: 43.2
Dropped 55 spots from last year
-15 below state avg
334 students
Moderate
Grades PK-08
C+
Tisbury Elementary School
2.8 mi
|
#242 of 352
|
Score: 37.0
Dropped 107 spots from last year
-21.2 below state avg
288 students
Diverse
Diverse Student Body
Grades PK-08
High Schools
1 school
A-
Martha's Vineyard Regional High School
3.5 mi
|
#103 of 346
|
Score: 60.2
Improved 41 spots from last year
+2 above state avg
703 students
Diverse
19 sports
• 1,209 athletes
Strong AP Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Down: $0
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Monthly Payment Breakdown
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Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Rate Impact
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Current Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
90 Manaquayak, West Tisbury MA 02575
West Tisbury, MA 02575
Listing Information
Listing Agent
Matthew Pierce
Listing Office
Marcus & Millichap Real Estate Investment Services
Office Phone
617-896-7200
Agent MLS ID
CN214339
Office MLS ID
AN1252
Listing Data Updated
Sep 4, 2026 11:18 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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