90 Manaquayak, West Tisbury, MA

$7,330,000

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About 90 Manaquayak

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.

Features of 90 Manaquayak

MLS® # 73572001
Price $7,330,000
Year Built 1790
Type Commercial Sale
Status Active

Community Information

Address 90 Manaquayak
City West Tisbury
County Dukes
State MA
Zip Code 02575

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

Additional Information

Zoning 1

Listing Details

Agent Matthew Pierce
Office Marcus & Millichap Real Estate Investment Services

Listing Map

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