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Caroline Kennedy selling 93 acres on Vineyard. A new Kennedy neighbor?

Caroline Kennedy is selling two parcels of land for a total of $45 million on Martha's Vineyard. Anyone want to be a Caroline Kennedy neighbor?

By Staff writer / May 4, 2013

Caroline Kennedy, author, lawyer at Brookline Booksmith in Brookline, Mas., where she was promoting her new poetry anthology "Poems to Learn by Heart." Kennedy is now selling two parcels of land on Martha's Vineyard.

Joanne Ciccarello / Christian Science Monitor

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A rare opportunity? Two prime parcels of beachfront property are for sale on Martha's Vineyard.

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Caroline Kennedy is selling two parcels of land, which have been part of the fabled Kennedy 366-acre estate on Martha's Vineyard.

Two waterfront parcels in the town of Aquinnah are on the market -- a 39.5-acre (16-hectare) property available for $20 million, and a 53.5-acre piece for $25 million, according to the listings for 6 Red Gate Farm and 8 Red Gate Farm, Bloomberg reports.

“An exclusive waterfront property with incredible views of Squibnocket Pond , with further views over towering sand dunes to the Atlantic Ocean," reads the listing on The Vineyard Realty Group website. This property consists of 39.51 acres with over 1000 feet of frontage on the pond and over 1000 feet of frontage on the stream connecting to Menemsha Pond. Plenty of privacy with varied topography and easy pond access. Yours to create a marvelous estate."

The Red Gate Farm was purchased by Caroline Kennedy's mother, Jacqueline Kennedy Onassis, in 1978.

In 2005, Caroline Kennedy and her husband, Edwin Schlossberg subdivided the property as a way to both protect and preserve the property for their their children. The property was divided "into 7 large parcels, 3 for their children, 2 to sell if necessary, 1 for the homestead that exists, and 1 declared forever undeveloped for ecological and environmental preservation. Caroline and Ed have renovated and expanded the house in recent years," according to Steven L. Brawley, who describes himself as "a serious Jackie Bouvier Kennedy Onassis fan and historian" on his website, Pinkpillbox.com.

The two properties for currently for sale are the two set aside in 2005 "to sell if necessary."

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