Belichick lists Nantucket cottage for $3.895M as sale goes contingent

Bill Belichick has listed his Nantucket beachfront cottage for $3.895 million and the property entered into a contingent sale within days of hitting the market as the coach prepares to begin his new role at the University of North Carolina, according to property records and the real estate listing. The 73 year old, who left the New England Patriots after more than two decades, bought the Codfish Park cottage in September 2014 for $2.45 million.

The shingled seaside home measures about 1,500 square feet and is described in the Coldwell Banker listing as a two bedroom, two and a half bathroom cottage with direct beach access, sweeping ocean views and conservation land to the north. Built in 1976 and renovated in 2009, the house features a vaulted living room with a stone fireplace, a sleeping loft with custom bunk beds accessed by ladder, a finished lower level with family and laundry areas, and a covered porch with air conditioning, the listing says. Recent updates cited include new windows and heat pumps, and other modern systems upgrades.

If the sale closes near the asking price, Belichick could realize a gain of roughly $1.5 million before taxes and fees, based on the 2014...