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Provincetown Listing Of The Week – 566 Commercial Street #A – $850K

566 Commercial Street #A is a two bedroom three bath condo with 1,021 square feet and is being marketed for $850K. It is in the East End of town out past the Gallery District.

 

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MLS REMARKS: The Windamar is a graceful former Captain’s home, lovingly renovated and transformed for modern living and features the original fireplace, mantel and beautifully refinished random width pine floors. finish details include custom wide board horizontal wainscoting and built-ins. The kitchen has raised panel, painted kitchen cabinetry, honed black granite counter tops and stainless appliances. The custom tiled baths have tumbled Carrera marble floors, white subway tile wainscoting and vanities with Lagos Azul granite tops. This home has an exclusive use rear garden and front patio, which has views of the Bay across the street. 2 car parking, Laundry & split system AC. This historic Captain’s home offers luxurious modern living and is just a short walk to Provincetown center! Listing courtesy of Coldwell Banker Pat Shultz Real Estatee.

See all properties for sale at Beachfront-Realty.com.

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Provincetown – Goode And Farmer Holiday Newsletter December 2017

 

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Provincetown Sale of The Week – 15 Center Street – $1.29M

15 Center Street is a classic Provincetown single family home in the town center. It has five bedrooms and four baths with 2,409 square feet.  It was marketed for $1.395M and sold for $1.290M

 

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MLS REMARKS: Classic single family with charming details & sweeping front porch in the heart of town. 1st floor features a large living room, dining room, & den/media room with half bath. A sun room offers true indoor/outdoor living. The eat-in kitchen boasts extensive cabinetry, updated appliances, brick fireplace, & rear deck access. Upstairs, two master suites feature charming architectural details & ensuite baths, plus a large third bedroom & hall bath. Highlights include AC throughout, new propane furnace, whole house water filter system, indoor/outdoor sound system, & basement/attic storage. The large lot features beautiful gardens, expansive entertaining deck, storage shed, & parking for six+ cars, all located just a block from Commercial St. This one of a kind home features open concept living and generous outdoor spaces, while still retaining many of its original exterior architectural features.

 

See all available properties for sale at Beachfront-Realty.com.

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Provincetown Listing Of The Week- 435 Commercial Street – $1.895M

435 Commercial Street is a mixed use waterfront  building in the East End Gallery neighborhood. It has a three bedroom rental apartment above and a commercial gallery space on the first floor.  It has a total of 2,502 square feet and is being marketed for $1.895M.

 

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MLS REMARKS: Right next door to the famous Mews Restaurant with beautiful views of Provincetown Harbor, Long Point Lighthouse, Harbor Breakwater and Marina! The Mixed use property consists of a leased first floor gallery and a second floor 3 bedroom residence with dramatic views! Tremendous foot traffic and 1 parking spot make this property a must see! Roll out of bed and walk just steps into the streets of bustling Provincetown with world famous restaurants, galleries and shopping! Great Investment Property with long established income and or perfect spot for your Pied-a’-terre! Listing courtesy of Premier Commercial Real Estate.

 

See all available properties for sale at Beachfront-Realty.com.

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Provincetown – The Three Highest Priced Homes For Sale

 

The Provincetown high end is as diverse as the town itself. These homes represent lovely family homes and compounds that just happen to have one of the best locations in the world – on the water in Provincetown! These three homes represent the best of Provincetown: a classic waterfront home, a mini- waterfront compound, and an oversized gatehouse to a famous estate. Last week I featured a post on the three highest priced homes for sale in Truro.

There are only 17 single family properties on the market in Provincetown vs 60 in Truro.  Of those 17  only 6 are priced below $1M. The average asking price is $1.493M. Last year at this time there were 18 homes on the market with only 3 priced below $1M. These numbers illustrate the historic low inventory levels we are experiencing in Provincetown.

46 single family homes have sold year to date with an average sales price of $1.356M. 50 have sold in Truro year to date.

 

The Top Three.

 

73 Commercial Street – $3.499M –  is a classic Provincetown waterfront home with three bedrooms and four baths in 2,426 square feet.  It is on a 5,227 square foot lot.

 

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MLS REMARKS: Spend your summer on the Provincetown West End waterfront overlooking historic Captain Jack’s Wharf, with magnificent views of the harbor out to the tip of Cape Cod, Long Point Light House. This newly renovated 1880 antique has all the amenities and quality finishes awaiting you, your friends and family.Three large bedrooms with en suite baths on three separate floors: each with waterfront decks for entertaining. A total of 2426 square feet of living space sits on a 5358 square foot lot.Property includes generous water frontage and direct access to the beach.Love boating? Moor your boat right out front; plus plenty of room to store all your water toys.From the chef’s stainless steel kitchen with Sub Zero refrigerator, full size Liebherr wine fridge (300 bottles) and Bertazzoni range; to the walled decorative gas fireplace in the dining area; to the exquisite expansive 1st fl outdoor entertaining deck and professionally landscaped yard. This property must be seen to be appreciated! Listing courtesy of Raveis Real Estate.

 

59 Commercial Street – $3.490M –is comprised of two houses, one on Commercial Street and one directly on the water. There are three total bedrooms and five baths and a total of 2,364 square feet in the two buildings. This is an exceptional waterfront property in the heart of the West End. It is being marketed fort $3.490M.

 

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MLS Remarks: You’ll find this exquisite compound consisting of 2 year round homes in the West End, directly on the bayfront. The 1468 s.f. main house was floated over from Long Point and has been totally renovated with details respectful of the period but with all the modern amenities. The 2BD/2.5BA house has wood flooring throughout, a gourmet kitchen, and 2 wood-burning fireplaces. The 984 s.f., 1BD/1.5BA cottage sits directly on the water with lovely views of Provincetown Harbor and Long Point. Separate utilities, split A/C, wood floors, full kitchen, 2 decks. The beautifully landscaped yard has irrigation, parking for 2-3 cars, and bluestone patios. Hooked up to the municipal sewer system. Listing courtesy of Atlantic Bay Sothebys Intl. Real Estate. 

 

1 Pilgrims Landing- $2.145M –  is a three bedroom, three bath home with 3,554 square feet at the base of The Murchinson sub division in the far West End.  It is located at the Commercial Street, Province Lands Road circle across from the breakwater.

 

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MLS REMARKS: Rare Opportunity! Once the gatehouse for the famous Murchison estate, 1 Pilgrim’s Landing has been reimagined as a unique single-family residence. With 3 BD & 3 BA, ‘the gatehouse’ embraces its original design while presenting a contemporary loft-like feel. The open-concept living area offers generous gathering & dining spaces, & a well-designed kitchen w/stone countertops and Thermador appliances. A sliding wall joins living area with garden and outdoor patio area. A dramatic light-filled multi-purpose room, featuring a sliding door system, opens to a lovely outdoor garden with deck and hot tub spa. The 2nd floor water-view master suite, includes a wood burning fireplace, beautifully appointed bath & dressing area w/ 2 large closets. Extensive perennial gardens, heated garage,and water filtration system complete this special home. The prestigious Pilgrim’s Landing community offers a stunning West End location and state of the art geothermal heating and cooling system. Listing courtesy of Coldwell Banker Pat Shultz Real Estate.

 

See all available properties at Beachfront-Realty.com.

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Truro – The Three Highest Priced Homes For Sale

The three highest priced homes for sale in Truro look an awful lot like Nantucket, but while they represent the high end well,  Truro does have an incredibly diverse inventory of single family homes for sale in all price ranges.

There are 60 houses on the market and 66% of them (40) are priced under $1M....23 of them are priced under $750K. There are 13 between $1M and $2M and 7 above $2m – three of which are shown here.

50 single family have sold year to date – 34 were priced under $1M and 16 were priced over $1M. The average sold price is $960K.

 

The Top Three

2 Mary’s Way – 9,570 square feet of luxury resort life. seven bedrooms and nine baths…on a 1 3/4 acre lot. It is being marketed at $4.995M.

 

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MLS Remarks: Rare opportunity to own this one of a kind seaside resort. Enjoy tennis, or a game of basketball? Then relax in the sun and take a dip in the ocean at the private association beach before lunch and a quick game of horseshoes. Catch dinner in the bay. After watching a spectacular sunset grab some popcorn and take advantage of the home theater. The present owner has thought of everything including a special expansive game room for rainy days. This set up gives family, friends and guests multiple options for relaxing, exercising and creating lasting memories. There are 22 parking spaces and a detached 3 car garage with upper level space for a gym and up another flight to conference room. Perfect for extended family or large family reunion gatherings. There’s no other property like this one! Listing courtesy of William Raveis Real Estate.

 

21 Crestview Circle is a four bedroom, six bath contemporary masterpiece in N Truro. It has 5,456 square feet and a private beach. It is being marketed at $4.950M.

 

 

 

 

 

 

 

 

 

MLS Remarks – Modern Masterpiece. Logic, art & nature harmonize in a striking bluff-top dwelling overlooking Cape Cod Bay. Located in Truro on the Outer Cape, this 21st Century-Modern beach home is warm & comfortable…bold & avant-garde. Clad in luminous red cedar, the home’s horizontal, abstract lines embrace grand yet intimately scaled interiors that offer panoramic views of bay & coast. Graced by a natural palette of materials (limestone, honed granite, Tabu ash, walnut), accented by subtly rich colors & textures (chenille, faux suede) & powered by cutting-edge technology (Savant Home operating system), the home offers an unusual sense of comfort & well-being. Superb views, private beach, unparalleled luxury. Harmonious master strokes of architecture, landscape & interior design have resulted in a bold & beautiful beach home that is in a class by itself. Listing courtesy of Robert Paul Properties.

 

 

One Bluff Terrace is a four bedroom, six bath home with 5,075 square feet on a 47,000 sf lot. It i being marketed for $3.595M

 

 

 

 

 

 

 

 

MLS Remarks: Overlooking the beautiful ocean on a sandy bluff sits this sophisticated waterfront home. Collaborative efforts have transformed this residence into a stunning modern oasis with 5000 sq. ft. and beautifully balanced living areas all oriented toward the water. A magnificent kitchen, dining, and great room anchor the home and access the wrap around deck. There is a mud room, home office, butlers pantry, laundry room and 2 story foyer that complete the main floor. The first floor master suite with a spa like bath showcase water vistas of the sea and beyond. The second floor features 2 bedrooms with ensuite baths, family room with private deck and den. There is a guest suite over the garage, inground pool and a private stairway to your own white sandy beach…the ultimate waterfront home. Listing courtesy of Robert Paul Properties.

 

See all available properties at Beachfront-Realty.com.

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Provincetown – Back On The Market – 46 Shank Painter Road – $875K

 

46 Shank Painter Road is a 15 year old contemporary cape with luxurious living on three levels – and a complete surprise! As you enter the house you are immediately struck by the view of Shank Painter Pond Wildlife Sanctuary. Most people don’t realize that this incredible pond view exists behind the house. This house literally sits on Shank Painter Pond and looks out on the most beautiful conservation land in town.

 

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The front of the house is a traditional full Cape with an extension that has it’s own entrance, and the back of the house is 3 full floors of glass sliders that take full advantage of the view – and is only 2 blocks to Commercial Street!

The pictures below show the living room and dining room – the west and south walls are rough hewn stone, the floors are hardwood, (and have just been refinished) and the view is delightful. There is a wood burning fireplace, a large full bath, and a den with doors out to a sheltered and private sunning/dining deck.

 

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The chef’s kitchen has double Themador wall ovens, double stainless sinks, a subzero fridge, a 6 burner gas stove top, double trash compactors and beautiful marble and tiled full wall backsplash.

 

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The spacious master suite on the lower level has sliders out to the yard and pond beyond.  The large master bath has double sinks, a large glass enclosed shower, and the double size soaking tub with a view that you see below. In addition on this level there are double walk in closets,  a full size sauna, and a large laundry room with side by side W/D and extra storage. In the backyard, steps from the master bedroom is a large hot tub, and an outside shower.

 

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46 rear view Shank Painter Pond

 

 

 

 

 

 

The second suite is the top floor of the house, and has stunning views of the conservation land stretching out before you. This floor is a light and bright and has been used by the owners as an artists studio. There is a combination master bath, and a charming  meditation room on this floor, and a private deck.

46 Shank Painter Road is being offered at $875,000.

See all available properties for sale a Beachfront-Realty.com.

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Provincetown Listing Of The Week – 23 Winthrop #1 – $375K

 

23 Winthrop Street #1 is the coolest studio ever! 329 square feet of charmingly efficient space with a murphy bed built in. Location, Location, Location!.  It is being marketed for $375K.

 

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MLS Remarks: Picture perfect West End recently renovated condo just a 3 block walk to the Boatslip. This spacious studio known as ”The Wedge” has original pine floors throughout, high ceilings and amazing natural light. The kitchen features stainless steel appliances, quartz countertops and wood cabinets. There is a newly built Murphy bed with drawers and shelving on both sides at the end of a lovely sitting area. The bathroom has a walk-in shower, tile flooring and washer/dryer hookup. The condo has a high efficiency heating and cooling system and assigned parking along with low condo fees. The fenced in yard wraps around the front of the house to a raised wood deck perfect for a morning cup of coffee and afternoon gardening. This non-smoking property allows weekly rentals and pets for owners.

 

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See all available properties at Beachfront-Realty.com

 

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Provincetown Listing Of The Week – 11 Thistlemore Rd – $1.349M

 

11 Thistlemore Road is a three bedroom four bath home with 2,608 square feet on a 8,276 square foot lot. It is a stunning  renovation of one of the most dramatic houses in the neighborhood. It is being marketed for $1.349M.

 

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MLS Remarks: A rare find in Provincetown … a contemporary home with a modern day appeal.Perched at the peak of a private neighborhood, take in the commanding views of the bay and backside dunes from the 400sf top floor deck. Rest and relax in the sun or shade on one of the many private decks or screened in porch. Both the garden guest suite and master bedroom floor provide wonderful generous privacy. The stylish modern Leicht kitchen and amenities lead to additional elegant open space for dining and cocktail parties. Improvements include hardwood grade A oak floors throughout,specialty lighting, top notch fixtures, integrated landscape design, new roofing, renovated baths and more. Listing courtesy of William Ravies Real Estate.

See all available properties at Bechfront-Realty.com.

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Cape Cod Housing Shortage

 

This is an good article from Boston Magazine about the Cape Cod real housing shortage. We have inventory and affordability challenges in most markets on the Cape and surely in Provincetown as my posts have illustrated. We are fortunate though in Provincetown to have proactive, forward thinking folks in town government and on town boards who are spending huge amounts of time and energy on trying to find solutions to the challenges we face.

 

There’s an Alarming Housing Shortage on Cape Cod

And it’s only going to get worse.

By  Home & Property 

Wealthy vacationers are sucking the life out of Cape Cod, and it looks like they won’t be stopping anytime soon.

Banker & Tradesman reports more and more seasonal visitors are buying second homes on the Cape, which does not bode well for the region’s year-round residents. A swell in the demand for vacation homes is pushing out the regular folks—like restaurant workers and shop owners—who keep the Cape’s tourism industry churning.

This, and other unfortunate data, was published in a new Barnstable County housing market analysis prepared for the Cape Cod Commission. The report’s main takeaway? There’s an alarming housing shortage on the Cape. Massachusetts’ summer playground is suffering from an “affordability gap” thanks to rising home prices and low wage growth in the Cape’s tourism businesses.

As more homes on Cape Cod are bought up by vacationers, there’s decreased inventory for year-round residents—resulting in higher home prices. Usually, that shrinking inventory problem could be solved by building more houses, but Cape Cod’s low-paid workers can’t afford to build. Banker & Tradesman notes “what little homebuilding is happening is mostly second homes, with the exception of a few, modestly-sized affordable rental projects in the works.” And because there aren’t enough new homes being built, those looking to downsize have nowhere to go, which ties up even more of the inventory.

It doesn’t help that half of all second homes in Massachusetts are on the Cape. Over the next eight years, demand for vacation homes is expected to grow six percent, or twice as fast as year-round units.

“The Cape is experiencing a long-term surge in seasonal unit demand that it has never experienced before,” reads the report. “While second homes have been part of Cape Cod’s landscape and economy for decades, the unprecedented housing crisis of 2009 created something that Cape Cod’s housing market never experienced.”

The recovery period after the recession caused demand for seasonal homes to spike, and many year-round units were converted to vacation homes. According to the report, this surge will continue to have a long-lasting effect on Cape Cod’s housing market for the next decade. There are other takeaways from the analysis, too, like how the burden is mainly felt by those earning 80 percent or less of Barnstable County’s median income: $63,251. But the pinch will soon be felt even further up the income scale. By 2025, the greatest increase in burdened households will be in those earning 100 to 120 percent of the projected median income.

So, what is the state’s hook-shaped sand bar to do?

Simply increasing the supply of houses won’t magically cure the Cape since “there will be a strong economic incentive for the new construction to be converted to seasonal units,” reads the report. The analysis lays out a few solutions, including increasing the diversity of senior housing, increasing multi-family housing, and creating better public infrastructure.

“This isn’t a problem we can build our way out of under the regulations of the past,” Cape Cod Commission executive Paul Niedzwiecki said in a statement. “If we create the right environment and appropriate opportunities for higher density, we could see the market respond and close these gaps.”