In Legal Fight, Uncle Nearest May Be Forced To Sell an Asset

A luxury home in Edgartown, Martha’s Vineyard, tied to the popular whiskey brand Uncle Nearest, now has a sale pending amid the company’s ongoing financial and legal troubles.

The property, located at 10 Codman Spring Road on a roughly 2-acre lot off Edgartown-West Tisbury Road, was purchased in 2023 by a limited liability company connected to Uncle Nearest.

It served as a venue for brand promotional events, including gospel brunches and cocktail gatherings, which drew crowds, caused traffic issues, and sparked neighbor complaints about it functioning more like a commercial space than a private residence. Those events even contributed to new local regulations in several towns limiting large gatherings at homes.

Listed for sale in January 2026 at $2.5 million (with some reports noting $2.595 million), the home quickly attracted a full-price offer from buyers Jennifer and Sekou Kaalund, plus two backup offers at the asking price.

The proposed closing is set for March 19, pending necessary approvals.

The sale is being pushed by court-appointed receiver Phillip G. Young Jr. as part of efforts to resolve Uncle Nearest’s debts and stabilize its finances.

The brand, founded in 2017 and known for its rapid rise and numerous awards, faces a lawsuit from major creditor Farm Credit Mid-America. Filed in 2025, the suit alleges the company defaulted on over $100 million in loans, overstated its whiskey barrel inventory, and violated loan terms by using funds to buy the Edgartown property through a separate LLC not covered in the original agreements. The company entered receivership last year after struggling with issues like missed payroll and heavy reliance on lender support.

Farm Credit Mid-America has consented to the sale and would receive a portion of proceeds (around $900,000) to release its lien, while another lender (Planet Home Lending) would be paid off fully from the funds (about $1.5 million first lien).

Uncle Nearest CEO Fawn Weaver and her husband Keith Weaver, who have objected to the sale, maintain that the property was bought separately by Keith Weaver (not directly by the company) to comply with local Vineyard rules, and that Farm Credit was aware of the arrangement. Fawn Weaver has publicly defended the brand’s overall strength, noting significant revenue, over $150 million in assets, and its status as a highly awarded whiskey.

The U.S. District Court in Tennessee is reviewing the receiver’s request for approval of the sale. The home’s purchase and use were also referenced in earlier 2025 court filings related to the broader dispute.