Another Nantucket beach house once worth millions has been demolished due to erosion

Properties on Nantucket have faced damage from erosion, forcing homeowners to demolish their houses or sell them at steep discounts.

John Greim/LightRocket via Getty Images

• Erosion has come for yet another home on the billionaire hot spot island of Nantucket.
• A house last purchased in July was demolished on Tuesday.
• Buying on certain parts of the wealthy island has become a gamble as weather patterns intensify.

Just over six months after businessman Don Vaccaro...