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Nantucket zoning vote could unleash short term rental boom

September 17, 2024 | Nantucket County, Massachusetts


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Nantucket zoning vote could unleash short term rental boom
During a recent government meeting, significant concerns were raised regarding a proposed zoning bylaw that could fundamentally alter the landscape of Nantucket's residential neighborhoods. The discussion centered around Article 1, which seeks to permit short-term rentals (STRs) in every residential zone by right, a move that critics argue could lead to widespread commercialization of residential properties.

A key speaker emphasized the importance of the zoning use chart, which categorizes permissible uses within various zoning districts. The proposed addition of a \"yes\" designation for short-term rentals in this chart has sparked fears that it would allow investors to purchase residential properties and convert them into STRs, fundamentally changing the character of neighborhoods.

The speaker warned that if the article is passed, it would be nearly irreversible, allowing for a potential increase in STRs by a factor of three to six times the current number. Presently, there are approximately 1,000 to 2,000 registered short-term rentals on the island, but the proposed changes could open up around 6,000 additional properties to this use.

Concerns were also raised about potential amendments to the article that could weaken proposed protections for homeowners. The speaker urged attendees to remain vigilant against amendments that might strip away safeguards intended to protect residential neighborhoods from the influx of commercial STRs.

The implications of this decision are profound, as the approval of Article 1 would not only affect current residents but could also pave the way for significant changes in the island's real estate market and community dynamics. The meeting underscored the tension between the desire for economic opportunities through tourism and the need to preserve the integrity of residential areas.

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