Millionaire who bought $2M Nantucket beach house for just $200K reveals why it was a 'terrible investment'

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Millionaire who bought $2M Nantucket beach house for just $200K reveals why it was a 'terrible investment'

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A Connecticut millionaire who purchased a stunning $2 million beachfront home in Nantucket for just $200,000 is now reeling over his 'terrible investment.' Just over six months after Don Vaccaro, CEO of TicketNetwork - an online marketplace that connects buyers and sellers of tickets to live events - signed the paperwork on his new coastal Nantucket mansion, the waterfront home was demolished. The breathtaking three-bedroom home was torn down on Tuesday after the 28 Sheep Pond Road residence was condemned by the town after the coast eroded to within just five feet of the structure, according to a filing by the town's conservation commission.
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