A property in Edgartown, Massachusetts, has set a new state record for the highest home sale price, closing at $43 million. The transaction surpassed the previous Martha’s Vineyard record of $37.5 million for a Katama Bay estate.

Known as “Great Point,” the estate spans 7,190 square feet and offers nine bedrooms and 11 bathrooms. It is situated within Herring Creek Farm, a coastal enclave that features a working farm and includes approximately 2,500 feet of private shoreline. The property also accommodates a nearby landing area for a private aircraft.

Originally listed in June for $49 million by Michael Bronner, a Boston-based tech executive and founder of Digitas, the estate reflects an investment of more than $19 million made by Bronner, according to property records. The purchase comprises multiple parcels, as 61 Butlers Cove Road and 57 Butlers Cove Road—two adjacent waterfront properties within Herring Creek Farm on Slough Cove—sold separately for $27 million and $16 million, respectively. The latter includes additional lots at 15 and 16 Forever Wild Way, together totaling more than 30 acres.

The home’s amenities include an outdoor sauna, a large kitchen designed for private chefs, and expansive panoramic views of the surrounding landscape. The compound is recognized as part of Herring Creek’s exclusive neighborhood, often referred to as the “Billionaires’ Row” of Martha’s Vineyard. The community reportedly includes notable residents such as television personality David Letterman, who was involved in preserving a nearby undeveloped plot through a $64 million transaction in 2001.

Listing agents Maggie Gold Seelig of MGS Group Real Estate and Brian Dougherty of Corcoran Property Advisors declined to identify the new owner. They highlighted the property’s combination of privacy, natural surroundings, and proximity to Edgartown, which is accessible by a short bike ride.

In a statement from June, Bronner described the estate as a residence meant to be fully lived in rather than merely admired. One of the agents involved in the sale noted that, beyond privacy, high-net-worth buyers often prioritize a sense of reclaimed time, describing Great Point as a place where “time stands still” for its inhabitants.