47 East Chop DriveOak Bluffs, MA 02557MLS Number 40789

  • Price: $11,000,000
  • Est. Mortgage of $/month
  • 346 Days on Market
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Federal 30-year interest rate: 7.1% last updated on Apr 18, 2024
* 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.
  • 7Bedrooms
  • 6Bathrooms
  • 0.29Acreage
  • 1952Year Built

Driving Directions

East Chop waterfront – Once in a lifetime, a property of this caliber becomes available, with an on-the-water East Chop location, a wide range of amenities, and multi-functional use! Uses include -- 1.) Currently operated as East Chop Harborfront Apartments, a pre-existing non-conforming use for the past 70+ years, 2.) Use it as a residential home or family compound, or live in a portion and rent a portion, 3.) Potential to convert to condominiums, paperwork presently in process but would be a buyers choice. Located directly on the harbor, this property features outstanding water views of the harbor and sound beyond and is just steps from the tennis club, beaches, ferries to the mainland and downtown. In pristine condition, this 6-unit property includes a 106 ft dock with water/electric for 8 slips and a 40’ T at the end for a 9th boat. Parking for 6-7 vehicles at street in front. Built in 1952, the property has had extensive top to bottom renovations including new wiring, plumbing, insulation, heating/AC, and dredged dockage. Features include high end finishing in all units, as well as beautifully landscaped grounds. The first floor consists of three 1-bedroom units, each with new kitchen, living and dining areas and private covered front porches over-looking the water. The second floor consists of two 2-bedroom units each with kitchen, living and dining areas as well as private covered front porches. A separate detached year-round cottage apt unit with Murphy bed, kitchen, full bathroom and washer/dryer can serve as a rental unit or as live in office for a property manager/caretaker and, has an additional loft area with double bed for kids. Each apartment has electric baseboard heat plus mini-split heat/AC. Generator. Private outdoor shower with dressing area. On town sewer.
Listed by MV Luxury Homes

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More Info

Location Information

  • Frontage Type Harbor

Parking

  • Parking Features Parking at street for 6-7 cars

Basic Information

  • List Price$11,000,000
  • MLS Number40789
  • Modification Date11/30/2023
  • Property SubType1 Family

Property

  • Acreage0.29
  • Other Structures 1.) Dock 106' with 8 slips for boats up to 35' +/- and a 40" T at end, dredged to 5' at low mean water. Dock licensed with recorded maintenance permit. 2.) 260' stone seawall runs the length of the property.

Exterior

  • Exterior Features
    • Beach Access - Public
    • Community Private Tennis Court Court
    • Deck
    • Garden
    • Porch
    • Water Views

Utilities

  • Heating Electric
  • Sewer Twn
  • Water Source Town

Other

  • Date Listed05/15/2023
  • View Count100

Basic Information

  • Lot Features Professionally landscaped and maintained, 260' waterfront/stone seawall
  • Mls Status Active

Rooms

  • Bathroom6
  • Bedrooms7
  • Full Bath6
  • Master Bedroom Level3

Building

  • BasementMain house on foam insulated crawlspace with two heavy duty dehumidifiers + heater
  • Fireplace Features 1
  • FoundationCrawlspace under main house; concrete slab under detached apt
  • Listing Ods
    • C/Tennis
    • Deck
    • Garden
    • Porch
    • PubBch
    • WViews
  • Rooms20
  • Second DwellingExisting
  • Utilities Cable
  • Year Built1952

Property Information

  • Lot Size Square Feet 12,632
  • Square Feet3,888
  • Year Built Effective2018

Tax Information

  • Tax Annual Amount $23,114
  • Tax Assessed Value $1,561,600
  • Tax Other Annual Assessment Amount $2,816,100
  • Tax Year 2023

Location

  • Address47 East Chop Drive
  • Building Number47
  • StateMA
  • StreetEast Chop Drive
  • TownOak Bluffs
  • Zip02557

Interior

  • FloorsMix of wood and tile
  • Furnished Unfurnished
  • Interior Features
    • 1-BR.
    • 1-BR; Unit 2 -- "Cottage City"
    • 1-BR; Unit 5 -- "Captain's Quarters
    • Floor 1: Contains three 1-bedroom units: Unit #1 -- "Oak Bluffs"
    • Floor 2: Contains two 2-bedroom units: Unit #3 "Highlands" 2-BR; Unit #4 -- "Tivoli" 2-BR.
    • Floor 3: None. Attic runs length of main house with large storage area w/electricity.
    • Ins
    • Irr
    • MiniSplit
    • OSh

Amenities

  • Appliances IncludedStove: Yes, in all apts, Washer: Laundry service available
Hancock Real Estate
Hancock Real Estate
Office: 508-645-2544
PO Box 460
Chilmark, MA 02535

Based on information submitted to LINKMV as of April 24, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or 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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