28 Beach Road # 28, Unit 28Oak Bluffs, MA 2557Price: $4,500,000

  • Price: $4,500,000
  • Est. Mortgage of $/month
  • 39 Days on Market
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Federal 30-year interest rate: 3.1% last updated on Nov 24, 2021
* 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.
  • $4,500,000List Price
  • 4Bedrooms
  • 2.5Bathrooms
  • 0.99Acreage
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Listed by Scott Lewis of Lewis Real Estate Services,LLC
A Coup d' Ville in Oak Bluffs! This property is built across 6 lots spanning about .99 acres of land. Newly constructed in 2017 perched upon concrete pillars with breakaway walls that serve as added garage space or entertainment space beneath the home. The home is perfectly located with spectacular, unobstructed views of the Harbor and Lagoon. Relaxing on the multi level deck while watching the sailboats and ferries come and go is sensational - watching the sunsets are a daily activity and something to boast about on a nightly basis. The sound and shatter proof windows allows the experience of the beautiful island scenery while affording the luxury of personal privacy at the same time. The lot is spacious enough to add another structure or the possibility of a privately fenced in ground pool . The Bedrooms are all oversized with the master featuring a walk in closet and suite bathroom . The views of the Harbor and Lagoon can be accessed from 90% of the home on both levels - There is 1800 sqft of living space with an additional 800 sqft of deck space big enough to enjoy lunch or dinner outdoors while taking in the views from all angles. Ash hardwood makes up the flooring throughout the home with open floor space to enjoy modern living. Central Air, propane fire place , electrical heat pump controlled with gas cooking add to the comfortability. The exterior boast enclosed out side shower , a garden aligned with beautiful flowering that surround decking for outside grilling with plenty of space left for yard games. The irrigation system keeps the yard plush and green .... The State is building a bike path that goes directly down beach road past the home .The project is expected to increase the value and visibility. A privacy fence can be added to the lot to enrich the property without obstructing its nature or views while increasing the rental value through such exposure. From an investment prospective the property produced over 150k in rental income over 6-7 month period in 2021. The property is fully booked from August 1, 2022 through September 17th , 2022 at a rate over 65K . The property rents all season long as we enjoyed rental income each month of the year . We take advantage of enjoying the property when not rented and strike the perfect balance of earning passive income while enjoying our home at the same time. The sale of this property is subject to Seller going into contract for another property that is currently in negotiations.

Property Details of 28 Beach Road # 28, Unit 28

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"Based on information submitted to MA_LINKMV as of November 28, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MA_LINKMV.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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