Lt. Gov. Karyn Polito purchases $1.8 million second home in Dartmouth
Massachusetts Lt. Gov. Karyn Polito and her husband have purchased an almost $1.8 million, sprawling second home not far from the water in Dartmouth.
Polito and her husband, Stephan Rodolakis, paid $1,795,000 when they closed on the five-bedroom, 4.5-bathroom property near Ricketson’s Point in October, town assessor’s records show. The transaction was first reported Friday by CommonWealth magazine.
The property will serve as a secondary residence for the Republican lieutenant governor and her family.
Her primary residence remains the $1.5 million home in Shrewsbury that sits on the shores of Lake Quinsigamond, next door to Polito’s brother and their parents.
A Realtor.com listing of Polito’s new 4,830-square-foot abode in Dartmouth boasts the custom-built home’s “casual elegance,” with features including a “dramatic foyer…sweeping stairway, soaring ceilings, French doors,” and a “richly appointed paneled library” complete with a fireplace.
“Family room opens to covered decks and rose-covered pergola overlooking rolling lawns with a peek of the water beyond,” the listing says.
Politio’s purchase came amid high demand in an unusual housing market in Massachusetts. Throughout the COVID-19 pandemic, inventory has struggled to meet the appetites of eager buyers looking to capitalize on low interest rates, driving prices sky high.
Year over year, sales of single-family homes in the Bay State were up 27 percent by October, and the trend is continuing well into 2021, with sales up 12.8 percent last month, according to The Warren Group.
Single-family properties and condos in Massachusetts hit record highs for October last year, with the cost of a single-family home jumping up 17 percent over October 2019 to $455,000, a Warren Group report found.
Assessor’s records show Polito, who partially owns her family’s real estate development company, and Rodolakis, an attorney, paid about $300,000 more than the property’s appraised value of $1,494,900.
The property previously sold in May 2001 for $325,000.
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