This home located at 10 South Valley Road in Monomoy on Nantucket just sold Feb 24th, 2010 for $5,410,000. When this property first came to the market in 2007 it is was listed for $7,950,000 there was a 25% reduction in price from original list to sell. Monomoy is one of my favorite locations. I love this property for its views, privacy, access to Nantucket harbor and many other reasons. Two properties next door have sold for over $10 million in the last 2 years. There is a lot available in this neighborhood if your interested.
Review this years zoning articles to see how and if they will affect use and development of properties Island wide. 
