Lately, there has been heated debate regarding the “super-sized houses” being built on Martha’s Vineyard between the residents who want to preserve the natural character of the island and the town planning boards who are seeking to answer the question, ‘how big is too big’? But if you like to live large, you can own one of the largest estates on Martha’s Vineyard: this 266-acre property in West Tisbury, for an asking price of $92 million. That may seem like a staggering price tag and that’s because, by Massachusetts’ real estate standards, it is. According to Forbes reporter Morgan Brennan, the property’s asking price of $92 million is the highest ever to be asked on the island.

So what justifies this record-setting asking price? According to the listing, as the owner of this stately waterfront estate you will own 266 acres in total, including 1,100 feet of private beachfront with magnificent views of the Atlantic Ocean, ownership of all developable waterfront on Big Homer’s Pond, exclusive rights for building on Big Homer’s Pond, and exclusive rights to access two separate private oceanfront beaches lying to the east of Long Point Preserve. Neighboring the property is the 510-acre Long Point Wildlife Reservation that includes woodland, meadows, trails, and over 2,900 feet of additional oceanfront land. The Vineyard Gazette reports that the seller is Gerald DeBlois, a longtime resident of West Tisbury who reportedly resides at an additional 50-acre estate that is not listed for sale. Listing agent Thomas Wallace says that several interested parties are already scheduled to come tour the property before the end of the summer. This property is represented by Wallace & Co. Sotheby’s International Realty.