28 Beach Road # 28, Unit 28Oak Bluffs, MA 02557MLS Number 38934

  • Price: $4,500,000
  • Est. Mortgage of $/month
  • 45 Days on Market
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Federal 30-year interest rate: 3.11% last updated on Dec 2, 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.
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  • 4Bedrooms
  • 2.5Bathrooms
  • 0.99Acreage
  • 2017Year Built

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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.
Listed by Lewis Real Estate Services,LLC

Contact Hancock Real Estate:

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More Info

Location Information

  • Frontage Type Harbor

Parking

  • Parking Features Yes

Basic Information

  • List Price$4,500,000
  • MLS Number38934
  • Modification Date10/25/2021
  • Property SubType1 Family
  • Virtual TourView Tour

Interior

  • Floors2
  • Furnished Unfurnished

Exterior

  • Exterior Features
    • Beach Access - Public
    • Deck
    • Garden
    • Hot Tub
    • Patio
    • Porch
    • Water Views

Property Information

  • Listing OthbldgGrg
  • Lot Size Square Feet 43,124

Other

  • Date Listed10/21/2021
  • View Count7

Basic Information

  • Lot Features Unknown, Full grass
  • Mls Status Active
  • Unit Number28

Rooms

  • Bathroom2.5
  • Bedrooms4
  • Full Bath2
  • Half Baths1
  • Master Bedroom Level3

Building

  • BasementNo
  • Fireplace Features 1
  • FoundationConcrete pillars with Breakaway walls
  • Listing Ods
    • Deck
    • Garden
    • H/Tub
    • Patio
    • Porch
    • PubBch
    • WViews
  • Rooms7
  • Second DwellingPotential
  • Utilities Cable
  • Year Built2017

Tax Information

  • Tax Assessed Value $511,600
  • Tax Other Annual Assessment Amount $1,004,900
  • Tax Year 2021

Location

  • Address28 Beach Road # 28
  • Building Number28
  • StateMA
  • StreetBeach Road
  • TownOak Bluffs
  • Zip02557

Property

  • Acreage0.99
  • Building Area Total 1,800

Utilities

  • Heating Heat Pump
  • Sewer Twn
  • Water Source Town

Amenities

  • Amenities
    • Alarm
    • Central A/C
    • Disposal
    • Insulation
    • Irrigation
    • Outdoor Shower
  • Appliances IncludedStove: Thermador, Washer: GE
Hancock Real Estate
Hancock Real Estate
Office: 508-645-2544
PO Box 460
Chilmark, MA 02535

"Based on information submitted to MA_LINKMV as of December 5, 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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