11 Pilgrim Heights Road is a three bedroom, two bath single family home with 1,803 square feet.It is being marketed for $1.499M. Pilgrim Heights Road is in the far West End close to The Moors and Herring Cove Beach.
MLS Remarks: West End contemporary perched high on hill with dune and bay views. It was built in 1983, had a major remodel in 1994 and it is time to do it again. The core of the house is a hexagon centered by a field stone chimney. Upside down floor plan with living and kitchen on top open to a large deck and views. Bump out additions were added to the lower level to enlarge the bedrooms. Master with ensuite. Two bedrooms and baths are on the lower level and both walk out to another large deck. Over sized garage with one stall plus work shop/studio. There is a third bedroom off of the main living area presently used as a home office.
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29 Point Street is a new single family home with four bedrooms and five baths in 3,300 square feet. It is located on a charming West End lane which has recently evolved into a luxurious cul de sac.. It is being marketed for $3.149M.
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MLS REMARKS: Point Street has long been one Provincetown’s most exclusive west end neighborhoods and this newly constructed residence is a standout on every level! Sited at the end of bucolic Point Street, the home has a commanding presence with lovely views of the surrounding greenery and gardens. Built by Cape Associates, fine workmanship and attention to detail are apparent throughout this property that offers 3300 square feet of interior living area with 4 bedrooms and 4.5 bathrooms. The entry level, with open floor plan, is light filled with a wall of windows and French doors that open to an expansive deck, melding the inside with the out. The fieldstone gas fireplace and reclaimed schoolhouse oak floors set a beautiful warm tone to the home. In the kitchen, white wood cabinets with white marbled Silestone couple beautifully with the light gray center island with gray counter top. Listing courtesy of William Raveis Real Estate.
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5 Parker Drive in Truro is an Alan Dodge designed home with four bedrooms and four baths in 2,696 square feet. It was being marketed for $800K and recently sold for $775K.
MLS Remarks: Truro extraordinaire! Stylish Alan Dodge designed home has wonderful views of Cape Cod Bay and Provincetown from just about every room in the house. This 4 bedroom, 4 bath home has it all! Gas heat, central A/C, radiant heat under the tile floors, 1st floor laundry. The living room has Cathedral ceilings with gas fireplace, double doors lead to beautiful outside living! The kitchen is top of the line with function and style (Adler Cabinets.) Lovely 1st floor Master with private Bath. Second floor offers a full Master as well! All 3 bedrooms loft have splendid Bay Views, plus upstairs bedrooms have a private entrance to large deck. This well planned home provides great outdoor living space with mahogany decking, large screened in porch along with fire pit, pizza oven and outdoor shower.
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8 Washington Avenue is a classic Cape in the near East End just off Commercial Street. It has four bedrooms, a den and three baths all in 1,634 square feet. It is being marketed for $1.895M. One of the best!!
MLS REMARKS: This handsome Classic Antique Provincetown home has been tastefully and thoughtfully updated to make a comfortable, easy to love, spacious home with lots of space for great entertaining. The open plan kitchen, living/great room opens out onto a very private patio, perfect for summer dinner parties, cocktails under the stars or an afternoon basking in the summer sun. There are four spacious bedrooms, a large den, 3 baths, nooks and crannies, perfect for a momentary escape with a good book or glass of wine – all of this just a half a block to the beach, shopping, fine dining, Provincetown’s world-renowned art galleries, nightlife and the summer ferry from Boston. In addition, there is a storage room that is just screaming to become a cabana/bar that leads onto the private patio. Listing courtesy of Seascape Realty.
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It has been an interesting Q1 , with weather issues, political issues, and the continuing stubborn lack of inventory. There are only 40 condos on the market vs 67 last year at this time.
Despite these issues condominium sales are set to surpass last years first quarter sales by close to 30% – 30 sales vs 20 sales last year. This is a good sign of continuing strength in the market. The average sale price is $507K and 60% of those sales were under $500K. This is a very popular price point and there were several really great properties that sold. Below are four examples.
Single family home sales have been sluggish with only four selling so far this year. Last year a total of 12 had sold in the first quarter. There are only 19 homes on the market vs 26 last year.
The economy remains strong even with the volatility in the stock market. Our outer Cape markets are feeling the same inventory pinch as markets nationwide – with absorption rates and prices increasing in both the condo and single family markets. Slightly higher interest rates should have little effect as rates have remained historically low.
Market performance will depend on new inventory entering the market coupled with buyer demand remaining strong. The complete Goode and Farmer Report will be out in early April. Look for it – and I will keep you updated throughout the spring market with new listings, current sales, and many other posts of interest.
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46 Shank Painter Road in Provincetown is a one plus bedroom three bath home with 2,208 square feet with rear frontage on Shank Painter Pond. It was listed for $875K and sold for $835K.
MLS Remarks: Pond front Cape with 3 floors of luxurious living located on Shank Painter Pond wildlife Sanctuary, only 2 blocks to Commercial Street. Dramatic, open-plan LR/DR framed by a wall of glass overlooking conservation land. High ceilings, glass doors leading out to large deck, hardwood with stone walls surrounding the fireplace. Sleek gourmet kitchen w/double wall ovens, 6 burner gas stove, wine cooler, subzero fridge. Full bath and a den that opens to a sheltered dining/sunning deck. The master bedroom suite is located on the lower level with double walk in closets, master bath and sauna. The second open plan bedroom suite, full bath, and a deck overlooks the pond on the upper level. Laundry room, outside shower, hot tub, central vac, storage, multiple car parking.
42 Great Hollow Road in Truro is a six bedroom two bath home with 2,073 square feet. It recently sold for $1.2M with a list price of $1.395M.
MLS Remarks: Come Live The Dream! Waterfront! 2.28 acres on Cape Cod Bay with private beach. Cute as a button, the two existing three-bedroom cottages are wonderful and have a strong rental history. Views to Provincetown, Plymouth and Dennis. Every sunset, every day! Drop a mooring in the Bay. 17 minutes by boat to Provincetown. The seasonal cottages can be removed and replaced with a single family year round home of your dreams. Bring your architect or builder today. Clearly one of the few remaining waterfront sites yet to be developed into luxury housing.
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501 Commercial Street #4A is a floor through unit on the west side of the building with incredible views of the harbor and downtown. It has two bedrooms and two baths in 1,272 square feet and is being marketed or $985K.
MLS Remarks: Stunning water views of Cape Cod Bay and the harbor from this corner upper floor-through condo located in the Historic Ice House. The elevator takes you to a spacious two bedroom, two bath condominium with a large living and dining room connecting to an open kitchen. The well insulated home features cork floors, ~8 ft. ceilings, central air and heating and lots of storage. Both of the large bedrooms offer roof top views of the East End Gallery district. One of the bedrooms has an en-suite bathroom. There are windows along the west side of the unit running from the kitchen to the double set of sliders leading to the deck overlooking the water. The condo includes in-unit w/d, additional hall storage and one assigned parking space.
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164 Commercial Street, currently the Prince Albert Guest House recently sold for $1.967M with a listing price of $1.995M. It has eight rooms, and 2,736 square feet and is one of the most recognizable guest houses in town.
MLS REMARKS: Offering one of Provincetown’s most iconic properties on Commercial Street, currently operating as The Prince Albert Guesthouse, this grand former sea captain’s home has been used for lodging for over half a century. In Provincetown’s near west end, the property, with two courtyards directly on Commercial Street, with views to the bay, is a guest favorite for relaxing and taking in the sights of Provincetown. There are 8 well appointed guest rooms, each with private bath, individually controlled split system a/c unit, and refrigerator. Each room is unique, combining both traditional and contemporary touches, four offer views to the bay and one has a gas fireplace.
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