7 Pennacook AvenueOak Bluffs MAPrice: $1,690,000

  • Price: $1,690,000
  • Est. Mortgage of $/month
  • 435 Days on Market
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$
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Federal 30-year interest rate: 2.87% last updated on Sep 17, 2020
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,690,000List Price
  • 8Bedrooms
  • 4Bathrooms
  • 0.15Acreage
  • 4738Square Feet

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Listed by Christiansen, Shelley of Coldwell Banker Landmarks
**Unoccupied and easy to show virtually or in socially-distant person.** In the coveted Copeland District, steps from beach and town: An unparalleled palace of a property awaits the fortunate investor. Dunmere-by-the-Sea, a soaring, three-story edifice was once an elegant hotel of Oak Bluffs' heyday as a swinging Victorian resort. For the past 40-plus years, this "wedding cake" with panaromic views of Nantucket Sound has served its owners well as a three-unit apartment building. Vacation tenants hail from as near as Boston and as far as Budapest, including many longtime repeaters. Updates over the years have spared many elements of period charm -- the mansard roof, substantial "gingerbread" trimmings, the serpentine interior stairway. Each unit enjoys bright and spacious floor-through living, with open common areas, full kitchens and baths, two-plus bedrooms and water views. They share use of a laundry, a deep wraparound porch, four parking spaces and generous yard space for lounging and cookouts. The raised finished basement, inclusive of full bath and laundry, has full windows and both indoor and outdoor entries. The opportunities abound: Glamorously upgrade or simply refresh the "old school" cottage ambience. Continue the lucrative landlord tradition. Create condominiums (subject to town permitting). Or go rogue and transform the building into your personal, palatial single-family domain. Property is eligible for tie-in to the town sewer.

Property Details of 7 Pennacook Avenue

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