This substandard 7400sf lot is in an R20 area which means the min zoning is one-half acre. Deutsche Bank has owned the property since 2006; they took it for $128K, and it is assessed at $56K for 2009. I cannot imagine being granted a building permit, so it's only real value would to the abutter next door. Today I am starting to see buildable vacant lots on the market close to $200K. There is a half-acre lot for sale at #70 16th Street South in Edgartown with an â€˜askingâ€™ price of $215,000 and there are three lots in Oak Bluffs for sale under $200K. I hope this helps a little and good luck with your search.
I am not sure who posted the first answer but please be aware there are over 150 properties currently for sale in Edgartown, not the three suggested. Searching in the following link should help.
Here is everything actively for sale in Edgartown: