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$1M Plus Sales To Date

The $1M+ market sales

Six properties have sold so far this year worth $9.8M.  Including three single family properties, one condo and two inns. Buyer activity is strong with elevated demand for high quality East and West End singles.

21 Bradford Street Ext. #13, sold for $1.015M. It is a 3 bedroom, 4 bath condo with 2,244 square feet.

 

21 BSE #13

MLS COPY: This quality construction luxury townhome features a first floor living area with a gourmet kitchen with a tile floor, oversized center island and sitting area, perfect for gathering. There are granite countertops, custom cabinetry, Jenn-Air appliances and it opens to a patio and gardens. The living room has a gas fireplace, maple floors, crown molding and double sitting areas. There is a welcoming front covered porch. Upstairs you will find a master bedroom with a rear balcony, en suite bath with double vanity, tiled shower stall & a separate soaking tub. Two additional bedrooms also have en suite private baths. The 3rd floor bedroom has a separate sitting area & opens to the 2 level roof deck with Jacuzzi & views of Provincetown. This quality home is just a short walk to the moors, National Seashore & all that Provincetown has to offer.

 

 

 

 

 

73 Commercial Street sold for $2,850M. It is a 3 bedroom, 4 bath West End single family with 2,418 square feet.

 

73 CommercialMLS COPY: West End waterfront living at its absolute best! Lovingly renovated and restored, each level of this exquisite residence offers a feast for the eyes. Perched at the peak of the house, is the master suite with a beamed cathedral ceiling, ensuite bath and home office. The views from this level are wide and stunning. On the second floor is the main living room with beamed ceilings, built-ins and a large bayside deck. There is also a guest bedroom and full bath on this level. The first floor has another guest bedroom with ensuite BA. The large eat-in kitchen with high end appliances opens onto a deck and the lush lawn and well tended gardens. This backyard setting is unparalleled.

 

75 Franklin Street sold for $ 1M. It is a 4 bedroom, 4 bath single family home in the West End with 3,064 square feet.

 

75 Franklin

MLS COPY: West End Arts & Crafts Gem built in 2001. The first floor features a living room with afield stone fireplace and a separate library reading room. There is a two story dining room, modern kitchen with stainless appliances and granite counter tops and a wall of windows that opens to the private backyard. There are also 2 guest bedrooms and a bath on the first floor. Upstairs you will find a master bedroom and tiled bath suite complete with a sitting room and a study with a private deck, perfect for morning coffee. On the lower level there is a library, a full bath and ample storage. Outside there is a well landscaped yard, a storage shed, ample parking.

 

 

4 West Vine St sold for $1.225M. It is a two unit West End home with 2,1o4 square feet.

4 W VineMLS COPY: Rarely available West End home! This antique two-family is supremely located in the heart of the historic West End village, just steps to the beach. The 1st floor is beautifully renovated with gleaming pine floors, 2 amply sized bedrooms each with en-suite tiled bathrooms, granite counters, a large dining area, gas fireplace, and office nook. The unit is accessed from the front yard, with its lush lawn, surrounded by a white picket fence. Upstairs, the other apartment has a large living room with a view to the water past Captain Jack’s wharf, a formal dining room, kitchen, bedroom and bath. On site parking & lovely grounds round out this offering. Enjoy turnkey rental income from both units.

 

7 Cook Street, The Inn At Cook Street sold for $1.650M.

 

7 Cook INNMLS COPY: You’ll be enchanted by this lovely property, a 3-building compound which is presently run as a successful B&B, the Inn at Cook Street, with a total of 8 licensed rooms. The main house was built in 1836 and has been lovingly restored and impeccably maintained. With 4 guest rooms and 2 suites in the main house, other features include a new high-end kitchen, pine floors, custom moldings, several fireplaces,3 rooms with outside entrances, and lots of light. Also on the property are two free standing cottages, one with a kitchen. The grounds are beautifully landscaped, and feature a koi pond and an irrigation system. There is parking for 3 cars. Great income.

 

 

7 Central Street Inn, formerly The Central House sold for $2.060M.

 

7 Central INNMLS COPY: The Carriage House is one of Provincetown’s premier Bed & Breakfasts, providing discerning travelers the perfect blend of luxurious space, amenities, privacy and location. Just a half block off Commercial Street,in the heart of the West End, this property is beautifully situated for a year round business.Each of the 13 licensed rooms offers AC, flat scrn TVs,DVD/CD players, sumptuous linens, refrigerators, high-end toiletries & complimentary wi-fi. Many of the guest rooms enjoy private patios, and the beautiful common courtyard features an inviting hot tub and a sauna. The enclosed front porch is a cozy place to sit by the fire. Prkng for 10 cars on-site & a 2 rm manager’s suite complete the offering. This B&B is a member of the Distinctive Inns of Provincetown. Offered beautifully furnished.

 

 

In a recent post, The Million Dollar Plus Market In Provincetown, I illustrated many of the properties on the market in this segment.

Last year 11 properties over $1M sold year to date with $17.6M in sales volume, including 6 single family homes, 2 multi family properties and 2 Hotel/Motel/Inns.

 

 

 

 

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3 Bedrooms And Beach In The East End – 480 Commercial Street

480 Commercial Street #2 is a terrific East End home – set back from the street in the Gallery district this three bedroom 2 bath 1,225 square foot condo is a very comfortable year round home, vacation home or with its incredible rental history a solid investment property. It is being marketed for $680,000.

 

480C front garden

 

 

 

 

 

 

 

Located in the heart of the Gallery District yet set back from the street, this meticulously maintained top floor condominium offers water views from the charming bay front window, three good sized bedrooms, two full baths and a dramatic vaulted and beamed ceiling in the living area. This antique home is close to the vibrant downtown, yet offers the peaceful allure of the East End. There is an exclusive use deck along with a common oversized front porch that overlooks the lush, manicured gardens. There is parking for two cars plus guest parking on a large lot and deeded beach rights directly across the street. With in unit washer/dryer, additional storage in the basement and a proven rental history ($30K+)this wonderful property is a comfortable and roomy vacation home or incredible investment property.

 

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480C living

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480C kitchen

 

 

 

 

 

 

One of the many benefits of this property is the deeded beach path to the beautiful bay beach right across the street from the condo.  What a pleasure to be able to walk a few steps to and be on a semi private East End beach. Pictured below is the driveway with direct access from the parking area (2 spaces for the condo) to the private deck and into the condo. The pockier of the front yard was taken from the bay window.  It is a very special condo with amenities galore – and it is my favorite listing of the week!

 

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Give a call with any questions.

 

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Mid Market In Provincetown – Crowded With Great Choices.

Mid Market Revisited – Crowded With Quality Listings

We are seeing a lot of condos on the market between $400K and $600K, a broad submarket of what we call the mid-market in Provincetown. Of the 113 condos on the market, 34 are priced between $400K and $600K, which is 27% of those available.  In 2013 27% or 34 of the 124 condos sold were sold in this price range. A truly balanced market.

Many buyers are looking are for just that – a 2 bed, 1.5 or 2 bath condo. Some of my favorites are featured below.

 

35 B #2 Court St, $419K, 1/1, 813 sf
35 B #2 Court St, $419K, 1/1, 813 sf
104A Bradford St #1, $429K, 1/2, 911 sf.
104A Bradford St #1, $429K, 1/2, 911 sf.
64 Franklin St #A, $429K, 1/1, 465 sf.
64 Franklin St #A, $429K, 1/1, 465 sf.

 

 

 

 

 

 

 

 

35 B Court Street is a centrally located value 1 plus bedroom; 104A Bradford Street is a downtown condo located right beneath the monument and has great ceiling height, tons of space and huge rental income; 64 Franklin Street is a brand new 1 bed/1 bath in a newly renovated complex in the West End.

 

4 Franklin St #5, $489K, 1/1,  692 sf.
4 Franklin St #5, $489K, 1/1, 692 sf.
11 Atlantic Ave #C, $509K, 2/1, 664 sf.
11 Atlantic Ave #C, $509K, 2/1, 664 sf.
8 Meadow Rd #2, $514K, 2/2, 954 sf
8 Meadow Rd #2, $514K, 2/2, 954 sf

 

 

 

 

 

 

 

 

4 Franklin Street is in the attic of a great old building at the curve of Commercial Street near Perry’s liquors; 11 Atlantic Ave has that incomparable Atlantic Street location – and a small pool; 8 Meadow Road is a perfect 2 bed/2 bath with separated suites in the West End.

30 Conant St #2, $525K, 2/1, 674 sf.
30 Conant St #2, $525K, 2/1, 674 sf.
12 Atwood Ave #B, $525K, 1/1, 696 sf.
12 Atwood Ave #B, $525K, 1/1, 696 sf
5 Cottage St #1, $567K, 1/2, 880 sf.
5 Cottage St #1, $567K, 1/2, 880 sf.

 

 

 

 

 

 

 

 

30 Conant Street is a top floor 2 bed in a newly renovated 2 unit building in the near West End; 12 Atwood Avenue is the consummate West End stand alone cottage located on a charming unpaved lane;  5 Cottage Street is a good size 1 bedroom condo with straight on water views of the bay.

 

17 Pearl St #3, $579K, 2/1, 801 sf.
17 Pearl St #3, $579K, 2/1, 801 sf.
596 Commercial St #1, $580K, 2/1, 1,085 sf.
596 Commercial St #1, $580K, 2/1, 1,085 sf.
46 Pleasant St #B, 2/2, 1,070 sf.
46 Pleasant St #B, 2/2, 1,070 sf.

 

 

 

 

 

 

 

 

17 Pearl Street is a cute top floor condo in the center of town; 596 Commercial Street is a lovely 2 bed 2 bath with water views; 46 Pleasant Street is the perfect blend of location, comfort and income potential.

These are an incredible assortment of properties in this price range, and with the huge amount of choices it looks like a perfect buying season for buyers.

 

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Not Your Grandaddy’s Cottages!

 

Interesting post by Scott re. a cottage development on Cape.

Not Your Granddaddy’s Cottages

Posted by Scott Van Voorhis May 22, 2014 09:32 AM

The Heritage Sands flak pitched the oceanfront project as emblematic of a growing trend towards old-fashioned, cottage-style vacation homes on the Cape.

Goodbye McMansions and hello little seaside cabins.

OK, these are definitely not McMansions. But it would be a stretch to call the upscale homes taking shape at the new Heritage Sands development in Dennis Port cottages, at least in the classic Cape sense of a one or two room getaway that might have been built by your grandfather over a weekend.

The first phase of the 63-unit project is taking shape on a prime, eight-acre stretch of Nantucket Sound waterfront. Previously an RV park called Grindells, it is set to open this fall.

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So first a little reality check. Ranging in size from 900 to more than1,300 square feet, we are talking about weekend getaways pads that are more the size of a small home than a cottage.

Nor are the prices particularly cottage-like, ranging from $365,000 – about the value of my Natick home – to $671,000. That’s a lot of cash period, let alone for a second home.

All that said, I think the concept is kind of cool, even if it is way out of my price range – and that of a lot of other buyers out there well.

Instead of mansioning off the waterfront with another ostentatious estate, the project will bring dozens of families down to the seashore, with the project taking shape right along the beach.

Of course, the old Grindells provided a similar escape for the RV crowd, but sorry, an RV parking lot, however affordable, is not my thing.

Not alone, a number of other cottage-style developments are also taking shape in other Cape towns, including Mashpee and Brewster, the Heritage Sands flak helpfully pointed out.

One thing you can’t do is camp out year round at your new Cape escape on Heritage Sands year round. While you can stay as much as you want from April 1 to October 31, buyers are rationed on the number of off-season days they can spend in their cottages.

Seems a bit odd, since the homes have heat, but I don’t have the answer to that one right now.

While it’s easy to poke fun of the humble spin given to these new, upscale and ultramodern vacation homes – after all, they are far from your 1930s style seaside camps and cabins – times and expectations change.

“The old cottages reflect the space standard of a bygone era,” Daniel Fortier, Dennis Port’s town planner, told the Cape Cod Times. “What people were willing to go to 80 years ago and the amenities they want today are very different.”

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3 Bradford Street Studios

 

3 Bradford Street Studios One and Two

 

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Charming beach studios in the near West End provide an authentic Provincetown experience along with the best location in the West End. Originally an out building of Clarence Kacergis’s welding studio* the building has been transformed into a charming cottage condo community.

 

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Studio #1 and Studio #2 have been recently refreshed with all new interior and exterior trim paint,  bead board walls, new floors, great ceiling height with beautiful cape light from multiple light exposures.  An efficiently designed kitchen blends with the character of the living space.  Gas hot water and cooking. Studio One has a large and  private exclusive use garden patio, Studio Two has exclusive use garden/patio. Each has one parking space.

 

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3 Bradford is located within a 5 minute walk  to Commercial Street, ½ block to Victors restaurant, 2 blocks to the bay beach and a 5 minute walk to the moors and Herring Cove beach. Charm, convenience, history and community, and an unrivaled West End location are yours at 3 Bradford Street.

Studio One $259,000

Studio Two $219,000

*Provincetown Welding Works. The amazingly animate Kacergis family’s Provincetown Welding Works looks like a Tim Burton movie come to three-dimensional life. The works were established in 1946 by Clarence Kacergis (born 1916). “At first, he imagined a simple welding shop until several Provincetown artists and sculptors looked to stretch themselves and embrace metal as a heightened form of expression,” Gerry Desautels wrote.

 

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Birders Dream On Shank Painter Pond Wildlife Sanctuary

Check out the Video and sounds of Shank Painter Pond Wildlife Sanctuary…steps outside the back doors of 46 Shank Painter Road.

The surprise is that this gorgeous house on the pond is in the near West End of Provincetown and only 5 minutes from Commercial Street close to all. This 14 year old contemporary Cape has a luxurious chefs kitchen with double ovens, 2 large bedroom suites, a sauna, hot tub and two out door dining areas, a separate den…and a meditation room! 46 Shank Painter Road is being marketed for $998,000.

 

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Front of house at 46 Shank Painter Road
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Rear of house from Shank Painter Pond showing multiple decks

 

 

 

 

 

 

 

 

 

 

 

46 Shank Painter Road is being marketed for $998,000.

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The Million Dollar Plus Market In Provincetown

In many markets the “high-end” or above $1M market is the most visible market. The same holds true in Provincetown. The big waterfront homes, the “trophy” properties, the East End and West End compounds all draw interest and gossip. But interestingly enough many of these homes are wonderful family and year round properties, very accessible and in fact well priced for the amount of house and value that you get.

There are currently 37 properties (single family and condos) on the market above $1M representing 23% of the available  inventory of 157 properties. In stark contrast only 13% of 2013 sales were for properties with selling prices over $1M. This means that properties take a little longer to sell in this price segment as there is more competition for buyers eyes and dollars. We need to remember that the second home market in a ny price point is not as fast paced and dramatic as the primary home market. For many this means a more relaxed buying and selling process.

See nine of my favorites below.  Click on the address for a link to the property detail on Beachfront Realty.com.

8 Kimberly Lane, $1.050M, 4/5, 1,946 sf.
8 Kimberly Lane, $1.050M, 4/5, 1,946 sf.
5 Heathers Way, $1.075M, 3/4, 2,933 sf.
5 Heathers Way, $1.075M, 3/4, 2,933 sf.
21 Bradford St Ext #17, $1.125M, 3/4, 2,160 sf condo.
21 Bradford St Ext #17, $1.125M, 3/4, 2,160 sf.

 

 

 

 

 

 

 

416 Commercial St. $1.295M, 4/2, 2,742 sf.
416 Commercial St. $1.295M, 4/2, 2,742 sf.
10 R Commercial St 1.795M, 4/4, 2,914 sf.
10 R Commercial St 1.795M, 4/4, 2,914 sf.
524 Commercial St. $1.725M, 3/4, 3000 sf.
524 Commercial St. $1.725M, 3/4, 3000 sf.

 

 

 

 

 

 

 

 

67 Commercial St #4, $1.899M, 2/2, 969 sf.
67 Commercial St #4, $1.899M, 2/2, 969 sf.
7 Telegraph Hill, $2.599M, 3/4, 3,736 sf.
7 Telegraph Hill, $2.599M, 3/4, 3,736 sf.
10 Harbour Drive, 5/6, 4,233 sf.
10 Harbour Drive, 5/6, 4,233 sf.

 

 

 

 

 

 

 

 

As you can see from the choices above these available properties represent all styles – traditional large Cape, Antique, modern – there are even 3 condominiums available in this price range.

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Unique Cape Cod Listings – CurbedCapeCod

CurbedCapeCod’s a fun post includes one Provincetown artists studio –

10 Unique Cape & Islands’ Listings 

 

by Jazmine Donaldson

It’s time once again for Curbed Comparisons, where we break down what you can get at the same price point, style or size in various Cape and Islands neighborhoods. This week, the most unique listings we could find.

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What do Julia Roberts, a Broadway producer, wildlife galore, and Sigmund Freud all have in common? They’re all mentioned in Cape and Islands’ listings, of course. Behold, a special edition of Curbed Comparisons featuring 10 of the most unique listings from Cape Cod, Martha’s Vineyard and Nantucket.

DOCKUMINIUM
Kicking off at Kingman Yacht Center with a Dockominium lease for 99 years (began in 1989). “The slip will house a vessel up to 40 feet in length and 14 feet wide” and is yours for $135,000.
1 SHIPYARD LANE, POCASSET, MA 02559
JULIA ROBERTS
Per the brokerbabble, “Julia Roberts stayed in this guest house.” The folks over at The Real Cape were unimpressed, but if you are and you’ve got $2.7 million, ocean views and a celebrity connection await.
16 MASSACHUSETTS COURT, FALMOUTH, MA 02540
AIRPARK ABODE
Located in Falmouth Airpark, here’s a 4BR, 3.5BA with its very own hangar featuring “direct access to the end of the runway and… enough room for cars, a small boat, motorcycles and an airplane.” Asking price is $836,000.
49 QUIMBY LANE, EAST FALMOUTH, MA 02536
PLAYBILL: NEW SEABURY
The house itself is a typical 1972 Contemporary, but “multiple living areas and decks once hosted elegant parties thrown by the previous owner a renown Broadway producer.” Perhaps that’s who left the piano behind? Regardless, the New Seabury spread is yours for $375,000.
197 FELLS POND ROAD, MASHPEE, MA 02649
FREUD +/- CROQUET
When we first wrote about this dreamy Colonial back in October, the listing was claiming a Sigmund Freud connection, but no longer. Per the current brokerbabble, “it is recorded that the first game of croquet in America was played on this lawn.” Either way, some sort of bragging rights are yours for $839,000.
86 PUTNAM AVENUE, COTUIT, MA 02635
CAMP RETREAT
“Calling all artists, writers, hunters and those with the desire for solitude,” your 2.5 acre camp retreat on the Great Marsh awaits. It’s “wildlife galore” for $125,000.
311 NAVIGATION ROAD, WEST BARNSTABLE, MA 02668
ARTIST STUDIO
Here’s a 334-square-foot year-round artist studio in the West End with parking. Asking price is $129,900.
19 MEADOW ROAD, PROVINCETOWN, MA 02657
LEGAL EAGLE
Calling all wonkish legal historians, “This dramatic retreat has been the long-time summer sanctuary of the former U.S. Attorney General Nicholas Katzenbach.” Yup, and it’s yours for $3.5 million.
THUMB POINT ROAD, VINEYARD HAVEN, MA 02568
HANGAR H-7
“Hangar #H-7 is the second largest private hangar at the Martha’s Vineyard Airport. It currently garages a Cessna Citation Jet C-525.” The hangar, minus the jet, is asking $175,000.
MARTHA’S VINEYARD AIRPORT (MVY), 71 AIRPORT ROAD, WEST TISBURY, MA 02568
CANDLE FACTORY
“This building is believed to have once been a candle factory” and is now a 3BD single-family on the market for $1,195,000.
1 HIGH STREET, NANTUCKET, MA 02554
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The Luxury Market $750K to $1M

If the entry level and mid market are well populated with property choices for buyers, the luxury market, $750K to $1M market  has few. There are only 11 properties on the market in this range, 4 single family and 7 condos representing only 7% of available properties. In stark contrast 22 properties sold in this range in 2013 representing 22% of all sales.

To be fair, this segment overlaps into the $1M+ market which is relatively crowded, but it is still a natural price break for buyers. Almost all of the available properties are pictured below.

 

4 Bradford St #1, $785K, 2/2, 1000sf, condo.
4 Bradford St #1, $785K, 2/2, 1000sf, condo.
125 Bradford St EXT #22, $799K, 3/3, 1,450 sf, condo.
125 Bradford St Extension, #202, $785K, 3/3, 1,450 sf, condo
8 Cook St, $849K, 4/3, 1,870 sf.
8 Cook St, $849K, 4/3, 1,870 sf.

 

 

 

 

 

 

 

125 Bradford St EXT #402, 3/3, 1,515 sf, condo.
125 Bradford St EXT #402, 3/3, 1,515 sf, condo.
78 W Vine St, 2/2, 1,478 sf, Single Family.
78 W Vine St, $879K, 2/2, 1,478 sf, single family.
10 Prince St # 2, $889K, 2/3, 1,400 sf, condo.
10 Prince St # 2, $889K, 2/3, 1,400 sf, condo.

 

 

 

 

 

 

 

501 Commercial St #1D, $899K, 3/3, 1,505 sf. condo.
501 Commercial St #1D, $899K, 3/3, 1,505 sf. condo.
520 Commercial St, $979K, 4/2, 1,400 sf. single family.
520 Commercial St, $979K, 4/2, 1,400 sf. single family.
46 Shank Painter Rd, $998K, 2/2, 2,208 sf.
46 Shank Painter Rd, $998K, 2/2, 2,208 single family.

 

 

 

 

 

 

 

 

From an historic Commercial Street single family house in the East End to a beachfront condo to a newly renovated beauty in the West End on Bradford Street, the diversity and quality of these properties belie their low numbers.

 

 

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The Mid Market In Provincetown

 

The Mid Market In Provincetown

The mid market is generally those properties priced from $400K to $750KThere are 9 single family properties and 43 condominiums available for sale in this segment of the market representing 32% of total properties available. The average price is $552K, with an average square footage of 1,084. This is by far the most popular market segment.  Two bedrooms with two baths in the East or West End between  $400K and $800K –  The most popular request!  NIne of my favorite are shown below. (click on address to see full listing details)

60 Race Point Rd #11, $430K, 2/2, 1,015 sf.
60 Race Point Rd #11, $430K, 2/2, 1,015 sf.
28 Nelson, $459K, SF, 3/1, 1,320 sf.
28 Nelson, $459K, SF, 3/1, 1,320 sf
49 Bradford St #11, $485K, 2/1, 696 sf.
49 Bradford St #11, $485K, 2/1, 696 sf.

 

 

 

 

 

 

12 Atwood Ave #B, $525K, 1/1, 696 sf.
12 Atwood Ave #B, $525K, 1/1, 696 sf.
596 Commercial # 1, $580K,  2/2, 1,085 sf.
596 Commercial # 1, $580K, 2/2, 1,085 sf.
46 Pleasant St #A, $595K, 2/2, 1,080 sf.
46 Pleasant St #A, $595K, 2/2, 1,080 sf.

 

 

 

 

 

 

 

12 Conwell #A, $649K, 3/3, 1,440 sf.
12 Conwell #A, $649K, 3/3, 1,440 sf.
38 Brasford St #2, $719K, 3/2, 1,636 sf.
38 Bradford St #2, $719K, 3/2, 1,636 sf.
51 Harry Kemp Way #1, $625K, 3/2, 1,331 sf.
51 Harry Kemp Way #1, $625K, 3/2, 1,331 sf.

 

 

 

 

 

 

 

 

Single family homes, West End cottages, and East End waterside condos – the mid market in Provincetown is loaded with choices.