Massachusetts car dealer Charles Fotopoulos bought a 1951 Nantucket cottage for $899,000 in 2021, knowing coastal erosion posed a serious risk. He said he would be satisfied if the property lasted five years. Five years later, the home remains standing, but only a few feet separate it from a 40-foot drop to the beach below, as erosion continues.
Massachusetts car dealer Charles Fotopoulos bought a 1951 Nantucket cottage for $899,000 in 2021, knowing coastal erosion posed a serious risk. He said he would be satisfied if the property lasted five years. Five years later, the home remains standing, but only a few feet separate it from a 40-foot drop to the beach below, as erosion continues.
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